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Investments in Joint Ventures - The Verge Partnership (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Rental Revenue $ 7,246 $ 7,432 $ 14,416 $ 14,264
Total revenues 10,477 10,696 20,610 20,810
Cost of operations:        
Property taxes 860 879 1,667 1,826
Total cost of operations 7,657 7,929 14,908 15,189
Total operating profit 2,820 2,767 5,702 5,621
Interest expense (829) (1,129) (1,740) (2,135)
Income before income taxes $ 2,975 $ 714 4,710 1,329
The Verge Partnership Total JV        
Revenues:        
Rental Revenue     3,514 870
Revenue – other     520 120
Total revenues     4,034 990
Cost of operations:        
Depreciation and amortization     2,094 2,210
Operating expenses     1,605 1,286
Property taxes     523 509
Total cost of operations     4,222 4,005
Total operating profit     (188) (3,015)
Interest expense     (2,609) (2,368)
Income before income taxes     (2,797) (5,383)
The Verge Partnership        
Revenues:        
Rental Revenue     2,157 534
Revenue – other     319 74
Total revenues     2,476 608
Cost of operations:        
Depreciation and amortization     1,285 1,356
Operating expenses     985 790
Property taxes     321 312
Total cost of operations     2,591 2,458
Total operating profit     (115) (1,850)
Interest expense     (1,602) (1,453)
Income before income taxes     $ (1,717) $ (3,303)