Company: SACH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001682220-25-000070
Chunk: 26

Company: Sachem Capital Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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$— $— $— $158 $2,481 $— $2,639 The following table presents charge-offs on loan principal related to loans held for investment by fiscal year of origination for the nine months ended September 30, 2025:20252024202320222021PriorTotal(in thousands)Current period charge-offs$— $134 $— $645 $2,995 $— $3,774 Total$— $134 $— $645 $2,995 $— $3,774 

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Table of ContentsSACHEM CAPITAL CORP.NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTSFOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025

5. Investment in Developmental Real Estate, net

As of September 30, 2025 and December 31, 2024, investment in developmental real estate, net consisted of the following:September 30, 2025CostAccumulated DepreciationInvestment in DevelopmentalReal Estate, Net(in thousands)Land$11,432 $— $11,432 Building5,332 (187)5,145 Site improvements870 (54)816 Tenant improvements1,183 (66)1,117 Construction in progress4,026 — 4,026 Lease intangibles81 (5)76 Total $22,924 $(312)$22,612 December 31, 2024CostAccumulated DepreciationInvestment in Developmental Real Estate, Net(in thousands)Land$4,557 $— $4,557 Building4,936 (154)4,782 Site improvements359 (30)329 Tenant improvements1,182 — 1,182 Construction in progress3,141 — 3,141 Lease intangibles41 — 41 Total$14,216 $(184)$14,032 During the three and nine months ended September 30, 2025, the Company acquired a developmental property for $1.5 million and transferred two land parcels carried at an aggregate value of $4.3 million from real estate owned to investments in developmental real estate.  There were no such acquisitions or transfers during the three and nine months ended September