Reported Q1 2026 revenue of $7.3 million, down from $12.3 million in Q1 2025, primarily due to the 2025 foreclosure of 1140 Avenue of the Americas. GAAP net loss attributable to common stockholders was $7.8 million, compared to a $8.6 million loss in the prior year period. Adjusted EBITDA was negative $1.1 million, compared to negative $0.8 million in Q1 2025. Cash net operating income decreased to $2.8 million from $4.2 million in Q1 2025. Portfolio consists of five properties totaling approximately 743,000 square feet in New York City, valued at $388 million. 60% of leases now extend beyond 2030, with near-term lease expirations representing only 6% of annualized straight-line rent.