CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
CASH FLOW FROM OPERATING ACTIVITIES
Net loss	$ (30,318,000)	$ (22,202,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Equity in loss of unconsolidated entities	7,167,000	7,928,000
Distributions from unconsolidated entities	1,408,000	1,276,000
Gain on sale of real estate, net	0	(6,936,000)
Impairment of real estate assets	15,183,000	0
Share-based compensation	0	201,000
Depreciation and amortization	400,000	2,075,000
Amortization of deferred financing costs	986,000	0
Amortization of above and below market leases, net	39,000	43,000
Straight-line rent adjustment	(3,000)	259,000
Non-cash lease expense	1,000	437,000
Change in operating assets and liabilities
Tenant and other receivables	(82,000)	75,000
Prepaid expenses, deferred expenses and other assets	1,890,000	2,567,000
Accounts payable, accrued expenses and other liabilities	(2,392,000)	5,084,000
Net cash used in operating activities	(5,721,000)	(9,193,000)
CASH FLOW FROM INVESTING ACTIVITIES
Investment in unconsolidated entities	(2,398,000)	0
Distributions from unconsolidated entities	5,963,000	4,391,000
Net proceeds from sale of real estate	0	28,758,000
Development of real estate	(144,000)	(13,308,000)
Net cash provided by investing activities	3,421,000	19,841,000
CASH FLOW FROM FINANCING ACTIVITIES
Preferred dividends paid	(1,225,000)	(1,225,000)
Contributions from non-controlling member of consolidated variable interest entities	54,000	0
Net cash used in financing activities	(1,171,000)	(1,225,000)
Net decrease in cash and cash equivalents, and restricted cash	(3,471,000)	9,423,000
Cash and cash equivalents, and restricted cash, beginning of period	62,285,000	97,709,000
Cash and cash equivalents, and restricted cash, end of period	58,814,000	107,132,000
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH
Cash and cash equivalents at beginning of period	48,088,000	85,206,000
Restricted cash at beginning of period	14,197,000	12,503,000
Cash and cash equivalents at end of period	44,499,000	94,268,000
Restricted cash at end of period	14,315,000	12,864,000
Cash and cash equivalents and restricted cash at end of period	58,814,000	107,132,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest	1,827,000	5,232,000
Income taxes paid	0	15,000
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Accounts payable related to development of real estate	294,000	7,129,000
Preferred dividends declared and unpaid	$ 1,225,000	$ 1,225,000