CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Real estate investments, at cost:
Land	$ 114,099	$ 114,099
Buildings and improvements	268,970	268,474
Acquired intangible assets	5,389	5,389
Total real estate investments, at cost	388,458	387,962
Less accumulated depreciation and amortization	(85,267)	(80,579)
Total real estate investments, net	303,191	307,383
Cash and cash equivalents	2,422	1,297
Restricted cash	5,517	6,750
Contract asset	113,182	108,648
Prepaid expenses and other assets	2,915	3,169
Straight-line rent receivable	15,094	15,421
Deferred leasing costs, net	2,430	2,492
Total assets	444,751	445,160
LIABILITIES AND STOCKHOLDERS’ EQUITY
Mortgage notes payable, net	249,908	249,565
Debt associated with property in receivership	99,000	99,000
Accrued interest associated with property in receivership	14,182	9,648
Accounts payable, accrued expenses and other liabilities (including amounts due to/(from) related parties of $68 and $(280) at June 30, 2026 and December 31, 2025, respectively)	25,717	18,739
Note payable to related parties	870	650
Below-market lease liabilities, net	615	708
Deferred revenue	1,557	2,094
Total liabilities	391,849	380,404
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued and outstanding at June 30, 2026 and December 31, 2025	0	0
Common stock, $0.01 par value, 300,000,000 shares authorized, 3,163,632 and 2,692,941 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	32	27
Additional paid-in capital	736,008	731,793
Accumulated deficit	(683,138)	(667,064)
Total equity	52,902	64,756
Total liabilities and equity	$ 444,751	$ 445,160
Common stock, shares issued (in shares)	3,163,632	2,692,941