Supplemental Financial Statement Information (Tables)

12 Months Ended

Dec. 31, 2022

Supplemental Financial Statement Information

Schedule of other assets

	December 31, 2022		December 31, 2021
Deposits on building and land acquisitions	$	15,588	$	9,800
Straight-line rents		7,547		5,909
Deferred leasing costs, net		7,118		6,310
Intangible assets, net		5,813		5,495
Prepaid expenses		3,497		3,236
Accounts receivable (primarily leases)		2,790		399
Right-of-use assets		2,123		593
Furniture, fixtures and equipment, net		1,791		369
Deferred financing costs related to revolving lines of credit		631		917
Registration statement costs		341		341
Prepaid development costs		88		143
Other		447		402
Total other assets	$	47,774	$	33,914

Schedule of intangible assets and liabilities

	Year Ended December 31,
	2022		2021
Intangible assets:
In-place leases, net of accumulated amortization of $3,505 and $2,476, respectively	$	5,495	$	5,036
Tenant relationships, net of accumulated amortization of $1,094 and $953, respectively		318		459
Total intangible assets	$	5,813	$	5,495
Intangible liabilities:
Below market leases, net of accumulated amortization of $812 and $367, respectively	$	3,203	$	3,000
Total intangible liabilities	$	3,203	$	3,000

Schedule of estimated amortization expense of intangible assets and liabilities

		2023		2024		2025		2026		2027
In-place leases	$	1,070	$	868	$	716	$	707	$	562
Tenant relationships		91		56		56		28		28
Total to be included in depreciation and amortization expense	$	1,161	$	924	$	772	$	735	$	590
Below market lease liabilities	$	(467)	$	(391)	$	(379)	$	(379)	$	(275)
Total to be included in rental revenue	$	(467)	$	(391)	$	(379)	$	(379)	$	(275)

Schedule of accounts payable and accrued liabilities

	December 31, 2022		December 31, 2021
Accrued construction costs and retainage	$	5,030	$	5,800
Accrued salaries, wages and other compensation		2,363		1,796
Trade payables		2,143		481
Accrued interest payable		447		556
Accrued lease commissions		191		468
Other		766		570
Total accounts payable and accrued liabilities	$	10,940	$	9,671

Schedule of other liabilities

	December 31, 2022		December 31, 2021
Deferred compensation plan	$	3,363	$	5,097
Intangible liability, net		3,203		3,000
Lease liabilities		2,150		626
Prepaid rent from tenants		1,449		1,483
Security deposits of tenants		1,229		900
Other		143		153
Total other liabilities	$	11,537	$	11,259