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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Rental revenues $ 12,500 $ 12,513 $ 38,724 $ 37,422
Expenses        
Property operating expenses 4,216 4,279 12,857 12,115
Real estate taxes 1,611 1,858 5,142 5,373
General and administrative 1,968 1,967 5,980 5,780
Depreciation and amortization 4,078 3,854 12,446 11,513
Total expenses 11,873 11,958 36,425 34,781
Interest expense, net (4,348) (3,782) (13,059) (11,402)
Interest income 456 703 1,078 2,221
Gain on sale of investment property 0 0 18,112 0
Mark to market adjustment on derivative financial instruments (185) (1,073) (838) (2,462)
Other income, net 111 332 823 188
Net loss/(income) $ (3,339) $ (3,265) $ 8,415 $ (8,814)
Weighted average shares outstanding:        
Basic (in Shares) 18,609 19,139 18,683 19,286
Diluted (in Shares) 18,609 19,139 18,683 19,286
Basic loss per share (in Dollars per share) $ (0.18) $ (0.17) $ 0.45 $ (0.46)
Diluted loss per share (in Dollars per share) $ (0.18) $ (0.17) $ 0.45 $ (0.46)
Comprehensive (loss)/income:        
Net loss/(income) $ (3,339) $ (3,265) $ 8,415 $ (8,814)
Other comprehensive income:        
Holding gain on marketable securities, available for sale 25 94 100 98
Reclassification adjustment for (gain)/loss on sale of marketable securities included in net loss/(income) 8 (1) 14 8
Total other comprehensive income 33 93 114 106
Comprehensive (loss)/income $ (3,306) $ (3,172) $ 8,529 $ (8,708)