CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023
Real estate investments, at cost:
Land		$ 129,517	$ 188,935
Buildings and improvements		341,314	479,265
Acquired intangible assets		19,063	56,929
Total real estate investments, at cost		489,894	725,129
Less accumulated depreciation and amortization		(91,135)	(144,956)
Total real estate investments, net		398,759	580,173
Cash and cash equivalents		9,776	5,292
Restricted cash		9,159	7,516
Operating lease right-of-use asset		54,514	54,737
Prepaid expenses and other assets		5,233	6,150
Derivative asset, at fair value		0	400
Straight-line rent receivable		23,060	30,752
Deferred leasing costs, net		6,565	9,152
Total assets		507,066	694,172
LIABILITIES AND EQUITY
Mortgage notes payable, net		347,384	395,702
Accounts payable, accrued expenses and other liabilities (including amounts due to related parties of $317 and $20 at December 31, 2024 and 2023, respectively)		15,302	12,975
Operating lease liability		54,592	54,657
Below-market lease liabilities, net		1,161	2,061
Deferred revenue		3,041	3,983
Total liabilities		421,480	469,378
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued and outstanding at December 31, 2024 and 2023		0	0
Common stock, $0.01 par value, 300,000,000 shares authorized, 2,334,340 and 1,886,298 shares issued and outstanding as of December 31, 2024 and 2023, respectively		27	23
Additional paid-in capital	[1]	731,429	729,644
Accumulated other comprehensive income		0	406
Distributions in excess of accumulated earnings		(645,870)	(505,279)
Total stockholders’ equity		85,586	224,794
Total liabilities and equity		$ 507,066	$ 694,172

[1] Retroactively adjusted for the effects of the Reverse Stock Split (see Note 1 — Organization for additional information).