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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Revenue from tenants $ 7,348,000 $ 12,308,000
Operating expenses:    
Asset and property management fees to related parties 1,552,000 1,868,000
Property operating 4,602,000 8,137,000
Equity-based compensation 91,000 92,000
General and administrative 2,313,000 3,135,000
Depreciation and amortization 2,520,000 3,591,000
Total operating expenses 11,078,000 16,823,000
Operating loss before gain on disposition of real estate investments (3,730,000) (4,515,000)
Gain on disposition of real estate investments 2,254,000 0
Operating loss (1,476,000) (4,515,000)
Other income (expense):    
Interest expense (4,048,000) (4,083,000)
Interest expense associated with property in receivership (2,254,000) 0
Other income 3,000 6,000
Total other expense (6,299,000) (4,077,000)
Net loss before income tax (7,775,000) (8,592,000)
Income tax expense 0 0
Net loss $ (7,775,000) $ (8,592,000)
Weighted-average shares outstanding — Basic (in shares) 2,556,769 2,533,557
Weighted-average shares outstanding — Diluted (in shares) 2,556,769 2,533,557
Net loss per share attributable to common stockholders - Basic (in dollars per share) $ (3.04) $ (3.39)
Net loss per share attributable to common stockholders — Diluted (in dollars per share) $ (3.04) $ (3.39)