v3.26.1
NOTES RECEIVABLE FROM MOBILE HOME PARKS (Tables) - MHP Notes
6 Months Ended
Jun. 30, 2026
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Schedule of notes receivable

Notes receivable from mobile home parks, net of allowance for loan losses and deferred financing fees, consisted of the following (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

As of June 30,

​

As of December 31, 

​

As of December 31, 

​

​

2026

​

2025

​

2024

Outstanding principal balance

​

$

211,509

​

$

199,083

​

$

208,175

Loan discount and deferred financing fees

​

​

(1,127)

​

​

(1,146)

​

​

(1,057)

Allowance for loan losses

​

 

(1,365)

​

 

(1,399)

​

 

(654)

Total

​

$

209,017

​

$

196,538

​

$

206,464

Schedule of allowance for loan losses

The following table presents a detail of the activity in the allowance for loan losses (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

​

Six months ended

​

​

June 30,

​

​

June 30,

​

​

2026

​

2025

​

​

2026

​

2025

Allowance for loan losses, beginning of period

​

$

1,460

​

$

776

​

​

$

1,399

​

$

654

Provision for loan losses

​

​

(95)

​

​

124

​

​

​

(34)

​

​

246

Allowance for loan losses, end of period

​

$

1,365

​

$

900

​

​

$

1,365

​

$

900

Schedule of disaggregation of outstanding principal balance of consumer loans receivable The following table disaggregates the outstanding principal balance of MHP receivable by credit quality indicator based on delinquency status and fiscal year of origination and is presented as of June 30, 2026 (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year of Origination

​

​

2026

​

2025

​

2024

​

2023

​

2022

​

Prior

​

Total

​

% of Portfolio

< 30 days past due

​

$

37,549

​

$

57,296

​

$

71,152

​

$

10,158

​

$

17,198

​

$

11,237

​

$

204,590

​

​

96.7%

30-90 days past due

​

​

—

​

​

2,134

​

​

1,286

​

​

—

​

​

433

​

​

—

​

​

3,853

​

​

1.8%

> 90 days past due

​

​

495

​

​

890

​

​

999

​

​

572

​

​

—

​

​

110

​

​

3,066

​

​

1.5%

Total

​

$

38,044

​

$

60,320

​

$

73,437

​

$

10,730

​

$

17,631

​

$

11,347

​

$

211,509

​

​

100%

​