Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of Projected Impact of Above Market Below Market and In-Place Lease Intangibles

The following table presents the projected increase (decrease) to rental revenue from the amortization of the acquired above-market and below-market lease intangibles and the increase to amortization expense of the in-place lease intangibles for properties owned at December 31, 2024, over the next five years and thereafter (in thousands):

	Net increase (decrease) to rental revenues			Increase to amortization expense
2025	$	63		$	1,037
2026		(13	)		907
2027		4			673
2028		4			549
2029		(46	)		481
Thereafter		(171	)		1,367
	$	(159	)	$	5,014

Schedule Of Additional Disclosures Regarding Rental Income

The following table presents additional disclosures regarding the Company’s rental income for the twelve months ended December 31, 2024 and 2023 (in thousands):

	2024		2023
Fixed lease revenue	$	65,066	$	62,415
Variable lease revenue		13,684		12,858
Total lease revenue	$	78,750	$	75,273

Schedule of Future Lease Obligations of Office Lease

The following table presents the future lease obligations of the Company’s office lease on December 31, 2024, over the next five years and thereafter (in thousands):

2025	$	363
2026		374
2027		385
2028		397
2029		409
Thereafter		890
Total future minimum lease payments		2,818
Less imputed interest		332
Total right-of-use liability – operating lease	$	2,486

Schedule of Additional Disclosures Regarding Office Leases

The following table presents additional disclosures regarding the Company’s office leases for the years ended December 31, 2024 and 2023 (in thousands):

	2024		2023
Operating lease costs	$	352	$	340
Variable lease costs		19		33
Total lease costs	$	371	$	373