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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (731) $ (802)
Adjustments to reconcile net loss to net cash used in operating activities:    
Increase (Decrease) in Fair Value of Hedged Item in Interest Rate Fair Value Hedge (5) 0
Straight-line rent (10) (93)
Amortization of deferred financing costs 13 108
Depreciation and amortization 253 294
Amortization of above and below-market leases (6) (4)
Provision for losses on tenant receivable 64 21
Other Noncash Expense 0 42
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (17) (63)
Tenant receivables (74) 12
Accounts payable and accrued expenses (33) (259)
Amounts due to affiliates 1 (8)
Other liabilities (29) (72)
Net cash used in operating activities (564) (824)
Cash flows from investing activities:    
Investment in properties under development and development costs 0 (426)
Improvements and capital expenditures 0 (79)
Payments for leasing costs (4) (5)
Net cash used in investing activities (4) (510)
Cash flows from financing activities:    
Proceeds from notes payable from investments in consolidated variable interest entities 0 152
Proceeds from Contributions from Affiliates 0 1,350
Payments of Financing Costs (313) 0
Net cash (used in) provided by financing activities (313) 1,502
Net (decrease) increase in cash, cash equivalents and restricted cash (881) 168
Cash, cash equivalents and restricted cash – beginning of period 3,471 2,407
Cash, cash equivalents and restricted cash – end of period 2,590 2,575
Supplemental disclosure of non-cash investing and financing activities and other cash flow information:    
Change in accrued liabilities capitalized to investment in development 0 9
Amortization of deferred loan fees capitalized to investment in development 0 44
Changes in capital improvements and leasing costs, accrued but not paid 35 0
Cash paid for interest, net of amounts capitalized $ 347 $ 193