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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Land and land improvements $ 139,969 $ 127,204
Building and improvements 940,245 835,551
Construction in progress 12,426 8,049
Real estate investments 1,092,640 970,804
Less accumulated depreciation (231,131) (214,584)
Real estate investments, net 861,509 756,220
Cash and cash equivalents 11,145 26,919
Restricted deposits 9,781 10,142
Investment in unconsolidated affiliates 28,775 26,601
Assets held for sale   1,568
Lease intangible assets, less accumulated amortization 3,127 2,983
Other assets, net 21,189 21,515
Total Assets 944,921 854,833
LIABILITIES    
Notes payable 8,518  
Lines of credit 5,849 0
Dividends payable 8,731 8,579
Tenant security deposits payable 8,413 7,104
Lease intangible liabilities, less accumulated amortization 360 470
Liabilities related to assets held for sale   2
Accrued expenses and other liabilities 21,522 19,239
Total Liabilities 635,542 553,513
COMMITMENTS and CONTINGENCIES - Note 13
SHAREHOLDERS' EQUITY    
Beneficial interest 130,105 124,095
Operating partnership 158,884 163,308
Partially owned properties 9,500 2,555
Accumulated other comprehensive income 10,890 11,362
Total Shareholders' Equity 309,379 301,320
Total liabilities and shareholders' equity 944,921 854,833
Non affiliates    
ASSETS    
Notes receivable 1,527 64
LIABILITIES    
Mortgage notes payable, net 523,597 457,857
Affiliates    
ASSETS    
Notes receivable 7,868 8,821
LIABILITIES    
Mortgage notes payable, net $ 58,552 $ 60,262