CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net (loss) income	$ (4,062)	$ 11,544
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	8,008	3,606
Amortization of deferred financing costs	252	52
Amortization of debt fair value adjustment	157	(89)
Amortization of restricted stock and restricted stock units	1,410	974
Equity in earnings of unconsolidated joint ventures	(815)	(1,230)
Equity in earnings from sale of real estate of unconsolidated joint venture properties	0	(12,961)
Gain on sale of real estate	0	(6)
Increases and decreases from changes in other assets and liabilities:
Decrease in other assets	(2,538)	(1,071)
Decrease (increase) in accounts payable and accrued liabilities	528	(350)
Net cash provided by operating activities	2,940	469
Cash flows from investing activities:
Improvements to real estate properties	(2,158)	(802)
Purchase of investment in joint ventures	0	(8,288)
Proceeds from the sale of real estate	0	4,385
Distributions from unconsolidated joint ventures	2,228	19,796
Contributions to unconsolidated joint ventures	0	(2,122)
Net cash provided by investing activities	70	12,969
Cash flows from financing activities:
Proceeds from mortgages payable	21,173	0
Mortgage payoffs	0	(14,558)
Mortgage principal payments	(813)	(410)
Repayment of credit facility	(19,000)	0
Increase in deferred financing costs	(683)	0
Dividends paid	(9,521)	(4,198)
Proceeds from the sale of common stock	0	3,038
Proceeds from issuance of DRP shares	763	0
Net cash used in financing activities	(8,081)	(16,128)
Net decrease in cash, cash equivalents and restricted cash:	(5,071)	(2,690)
Cash, cash equivalents and restricted cash at beginning of period	21,153	38,921
Cash, cash equivalents and restricted cash at end of period	16,082	36,231
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	5,094	2,021
Cash paid for income taxes	8	1
Consolidation on buyout of partnership interests:
Increase in real estate assets	0	(36,802)
Increase in other assets	0	(1,784)
Increase in mortgage payable	0	27,062
Increase in deferred loan costs	0	(364)
Increase in accounts payable and accrued liabilities	0	761
Decrease in investment in unconsolidated joint ventures	0	2,839
Purchase and consolidation of investment in joint venture	0	(8,288)
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows.
Cash and cash equivalents	15,252	29,688
Restricted cash	830	6,543
Total cash, cash equivalents and restricted cash, shown in consolidated statement of cash flows	$ 16,082	$ 36,231