Indebtedness (Tables)

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

Summary of Secured Indebtedness

The following table discloses certain information regarding the Company’s secured indebtedness (in thousands):

	Carrying Value at						Interest Rate(A) at
	June 30, 2025			December 31, 2024			June 30, 2025	December 31, 2024	Maturity Date
Mortgage Indebtedness – Fixed Rate	$	99,053		$	99,862		6.7%	6.7%	November 2028
Mortgage Indebtedness – Variable Rate		192,985			206,900		7.1%	7.1%	September 2026
Net unamortized debt issuance costs		(3,596	)		(5,389	)
Total indebtedness	$	288,442		$	301,373

(A) The interest rate on variable-rate debt was calculated using the base rate and spread effective at the end of each reporting period.