CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Real estate investments, at cost:
Land	$ 114,099	$ 114,099
Buildings and improvements	268,573	268,474
Acquired intangible assets	5,389	5,389
Total real estate investments, at cost	388,061	387,962
Less accumulated depreciation and amortization	(82,931)	(80,579)
Total real estate investments, net	305,130	307,383
Cash and cash equivalents	2,500	1,297
Restricted cash	5,664	6,750
Contract asset	110,902	108,648
Prepaid expenses and other assets	3,046	3,169
Straight-line rent receivable	15,258	15,421
Deferred leasing costs, net	2,507	2,492
Total assets	445,007	445,160
LIABILITIES AND STOCKHOLDERS’ EQUITY
Mortgage notes payable, net	249,736	249,565
Debt associated with property in receivership	99,000	99,000
Accrued interest associated with property in receivership	11,902	9,648
Accounts payable, accrued expenses and other liabilities (including amounts due to/(from) related parties of $1,653 and $(280) at March 31, 2026 and December 31, 2025, respectively)	23,523	18,739
Note payable to related parties	1,050	650
Below-market lease liabilities, net	660	708
Deferred revenue	2,064	2,094
Total liabilities	387,935	380,404
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued and outstanding at March 31, 2026 and December 31, 2025	0	0
Common stock, $0.01 par value, 300,000,000 shares authorized, 2,692,941 shares issued and outstanding as of March 31, 2026 and December 31, 2025	27	27
Additional paid-in capital	731,884	731,793
Distributions in excess of accumulated earnings	(674,839)	(667,064)
Total equity	57,072	64,756
Total liabilities and equity	$ 445,007	$ 445,160