Non-controlling interests on the Company’s consolidated balance sheets is comprised of the following (dollars in thousands): | | | | | | | | | | | | | | | | | Balance as of December 31, | | | 2025 | | 2024 | | Series A Preferred Units held by third parties | | $ | 2,578 | | | $ | 2,578 | | | Common OP Units held by third parties | | 1,883 | | | 2,212 | | | Total Non-controlling Interests in the OP | | 4,461 | | | 4,790 | | | Non-controlling interests in property owning subsidiaries | | — | | | 775 | | | Total Non-controlling Interests | | $ | 4,461 | | | $ | 5,565 | |
Net loss attributable to non-controlling interests on the Company’s consolidated statement of operations is comprised of the following (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | Year ended December 31, | | | 2025 | | 2024 | | 2023 | | Income attributable to Series A Preferred Units held by third parties | | $ | (184) | | | $ | (184) | | | $ | (185) | | | Loss attributable to Common OP Units held by third parties | | 248 | | | 837 | | | 317 | | | Net loss attributable to non-controlling interests in the OP | | 64 | | | 653 | | | 132 | | | Income attributable to non-controlling interests in property-owning subsidiaries | | — | | | (86) | | | (50) | | | Net loss attributable to non-controlling interests | | $ | 64 | | | $ | 567 | | | $ | 82 | |
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