Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Real estate, at cost:
Land	$ 206,777,000	$ 206,777,000
Buildings and improvements	310,936,000	308,012,000
Total real estate, at cost	517,713,000	514,789,000
Less: accumulated depreciation and amortization	(86,635,000)	(84,190,000)
Net real estate held for investment	431,078,000	430,599,000
Cash and cash equivalents	31,177,000	27,623,000
Restricted cash	1,322,000	1,047,000
Rental income in excess of amount billed	15,854,000	15,930,000
Acquired lease intangible assets, net	5,770,000	6,138,000
Investment in unconsolidated affiliate	3,752,000	3,761,000
Right-of-use asset - operating lease, net	3,006,000	3,042,000
Other assets	16,564,000	16,257,000
Total assets	508,523,000	504,397,000
Liabilities:
Mortgage notes payable, net	361,632,000	361,687,000
Term loan payable, net	49,630,000	49,601,000
Accounts payable and accrued expenses	6,165,000	3,977,000
Dividends payable	5,600,000	1,333,000
Acquired lease intangible liabilities, net	2,344,000	2,524,000
Right-of-use liability - operating lease	3,136,000	3,134,000
Other liabilities	9,181,000	5,937,000
Total liabilities	437,688,000	428,193,000
Commitments and contingencies (Note 8)
Equity:
Common stock, $.0001 par value; 100,000,000 shares authorized; 13,333,335 shares issued and outstanding at March 31, 2022 and December 31, 2021	1,000	1,000
Additional paid-in capital	155,358,000	155,192,000
Distributions in excess of net income	(116,425,000)	(112,897,000)
Total stockholders’ equity	38,934,000	42,296,000
Noncontrolling interest	31,901,000	33,908,000
Total equity	70,835,000	76,204,000
Total liabilities and equity	508,523,000	504,397,000
Series A Preferred Stock [Member]
Equity:
Preferred stock, value
Series B Preferred Stock, Non-Voting [Member]
Equity:
Preferred stock, value