CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Investment properties held and used:
Land	$ 330,456	$ 330,456
Building and other improvements	1,245,978	1,226,896
Total	1,576,434	1,557,352
Less accumulated depreciation	(435,242)	(385,932)
Net investment properties held and used	1,141,192	1,171,420
Cash and cash equivalents	7,951	6,416
Restricted cash	468	480
Accounts and rent receivable	26,845	23,355
Acquired lease intangible assets, net	39,355	49,052
Operating lease right-of-use asset, net	12,992	13,359
Other assets	19,125	30,743
Total assets	1,247,928	1,294,825
Liabilities:
Mortgages and credit facility payable, net	837,475	835,746
Accounts payable and accrued expenses	10,641	10,792
Operating lease liability	25,598	25,286
Distributions payable	4,899	4,898
Acquired intangible liabilities, net	30,761	34,056
Due to related parties	2,700	2,668
Other liabilities	10,496	11,943
Total liabilities	922,570	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, 36,110,108 and 36,104,130 shares issued and outstanding as of December 31, 2025 and 2024, respectively	36	36
Additional paid in capital	816,279	816,149
Accumulated distributions and net loss	(498,065)	(467,427)
Accumulated other comprehensive income	7,108	20,678
Total stockholders’ equity	325,358	369,436
Total liabilities and stockholders’ equity	$ 1,247,928	$ 1,294,825