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Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Revenue
The following tables provide information about the Company's segment revenues, significant segment expenses, NOI and a reconciliation of NOI to the Company’s consolidated operating income:
Three months ended March 31,
20252024
Revenues$7,415,000 $8,765,000 
Operating expenses:
Real estate and other property-related taxes1,140,000 1,387,000 
Insurance227,000 256,000 
Property operating expenses1,692,000 2,118,000 
Total3,059,000 3,761,000 
NOI$4,356,000 $5,004,000 
Three months ended March 31,
20252024
NOI$4,356,000 $5,004,000 
Add (deduct):
Corporate general and administrative(653,000)(612,000)
Depreciation and amortization(1,976,000)(1,892,000)
Gain on sales2,422,000 — 
Operating income$4,149,000 $2,500,000