Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Real estate, at cost:
Land	$ 230,457	$ 223,308
Buildings and improvements	340,367	312,275
Total real estate, at cost	570,824	535,583
Less: accumulated depreciation and amortization	(114,526)	(104,163)
Net real estate held for investment	456,298	431,420
Cash and cash equivalents	29,380	27,913
Restricted cash	143	1,400
Rental income in excess of amount billed	16,227	16,123
Acquired lease intangible assets, net	5,707	5,836
Investment in unconsolidated affiliate	3,699	3,753
Right-of-use asset - operating lease, net	2,285	2,555
Other assets	19,060	18,237
Total assets	532,799	507,237
Liabilities:
Mortgage notes payable, net	475,172	369,423
Term loan payable, net	0	49,783
Secured revolving credit facility	18,400	40,000
Accounts payable and accrued expenses	5,800	5,234
Dividends payable	1,601	1,333
Acquired lease intangible liabilities, net	534	1,079
Right-of-use liability - operating lease	2,486	2,739
Other liabilities	7,241	6,032
Total liabilities	511,234	475,623
Commitments and contingencies (Note 9)
Equity:
Common stock, $.0001 par value; 100,000,000 shares authorized; 13,345,980 and 13,326,965 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively	1	1
Additional paid-in capital	131,857	132,217
Distributions in excess of net income	(115,264)	(107,330)
Total stockholders’ equity	16,594	24,888
Noncontrolling interest	4,971	6,726
Total equity	21,565	31,614
Total liabilities and equity	532,799	507,237
Series A Preferred Stock [Member]
Equity:
Preferred stock, value
Series B Preferred Stock, Non-Voting [Member]
Equity:
Preferred stock, value