CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024
Cash Flow From Operating Activities:
Net income	$ 5,989	$ 6,363
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Gain on sale or write down of assets	(5,593)	0
Depreciation and amortization	8,928	9,668
Provision for bad debts	121	112
Equity in income from unconsolidated joint venture	0	(827)
Distribution of income from unconsolidated joint venture	0	841
Changes in assets and liabilities:
Other assets	(5,806)	920
Related party receivable	(3,519)	(3,187)
Interest payable	261	449
Accounts payable and other liabilities	(2,556)	2,718
Net cash (used in) provided by operating activities	(2,175)	17,057
Cash Flow From Investing Activities:
Collection of notes receivable	4,551	5,608
Purchase of short-term investments	(55,957)	(58,019)
Redemption and/or maturity of short-term investments	64,960	56,415
Development and renovation of real estate	(68,151)	(30,956)
Deferred leasing costs	(444)	(130)
Proceeds from sale of assets	5,838	0
Net cash used in investing activities	(49,203)	(27,082)
Cash Flow From Financing Activities:
Proceeds from mortgages and other notes payable	54,881	10,708
Payments on mortgages and other notes payable	(13,298)	(9,614)
Repurchase of IOR shares	(1,037)	(802)
Deferred financing costs	0	(199)
Net cash provided by financing activities	40,546	93
Net decrease in cash, cash equivalents and restricted cash	(10,832)	(9,932)
Cash, cash equivalents and restricted cash, beginning of period	40,472	79,027
Cash, cash equivalents and restricted cash, end of period	$ 29,640	$ 69,095