CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Investment properties held and used:
Land	$ 330,456	$ 330,456
Building and other improvements	1,231,878	1,226,896
Total	1,562,334	1,557,352
Less accumulated depreciation	(410,284)	(385,932)
Net investment properties held and used	1,152,050	1,171,420
Cash and cash equivalents	11,963	6,416
Restricted cash	480	480
Accounts and rent receivable	23,299	23,355
Acquired lease intangible assets, net	43,928	49,052
Operating lease right-of-use asset, net	13,173	13,359
Other assets	20,977	30,743
Total assets	1,265,870	1,294,825
Liabilities:
Mortgages and credit facility payable, net	833,168	835,746
Accounts payable and accrued expenses	11,005	10,792
Operating lease liability	25,439	25,286
Distributions payable	4,898	4,898
Acquired intangible liabilities, net	32,313	34,056
Due to related parties	2,797	2,668
Other liabilities	9,999	11,943
Total liabilities	919,619	925,389
Commitments and contingencies (Note 9)
Stockholders’ equity:
Preferred stock, $.001 par value, 40,000,000 shares authorized, none outstanding
Common stock, $.001 par value, 1,460,000,000 shares authorized, 36,104,130 shares issued and outstanding as of June 30, 2025 and December 31, 2024	36	36
Additional paid in capital	816,217	816,149
Accumulated distributions and net loss	(481,980)	(467,427)
Accumulated other comprehensive income	11,978	20,678
Total stockholders’ equity	346,251	369,436
Total liabilities and stockholders’ equity	$ 1,265,870	$ 1,294,825