Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income	$ 256	$ 433
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,476	3,067
Amortization of in-place intangibles	1,825	1,770
Write-off and amortization of deferred financing costs	181	165
Amortization of above/below market leases	(684)	(578)
Amortization of intangible liability	(59)	(24)
Equity based compensation	2,126	1,960
Deferred rent receivable	(101)	(85)
Deferred rent expense payable	1	2
Other	(4)	12
Changes in assets and liabilities:
Rent and other receivables	247	1,827
Prepaid expenses and other assets	850	696
Accounts payable, accrued expenses and other	(1,713)	(1,530)
Net cash provided by operating activities	6,401	7,715
Cash flows from investing activities:
Acquisition of real estate	(12,967)	(17,389)
Escrows for acquisition and construction deposits	(157)	(223)
Capital improvements	(599)	(393)
Other investing activities	(134)	(11)
Net cash used in investing activities	(13,857)	(18,016)
Cash flows from financing activities:
Repayments of secured borrowings	(98)	(93)
Proceeds from revolving credit facility	16,000	17,000
Repayments of revolving credit facility	(9,000)	0
Net proceeds from issuance of shares	7,821	718
Deferred offering costs	0	(107)
Proceeds from issuance of ESPP shares	64	79
Value of shares withheld for payment of taxes related to employee stock compensation	(513)	(461)
Dividends and distributions	(6,859)	(5,963)
Other financing activities	(137)	(130)
Net cash provided by financing activities	7,278	11,043
Net (decrease) increase in Cash and Escrows and Reserves	(178)	742
Cash and Escrows and Reserves at the beginning of period	2,867	2,042
Cash and Escrow and Reserves at the end of period	2,689	2,784
Supplemental Disclosure of Non-Cash Investing and Financing Activities
Reallocation of non-controlling interest	1,079	2,338
Unrealized gain (loss) on interest rate swaps, net	2,819	(2,837)
Operating partnership units issued for property acquisitions	5,788	0
Accrued costs of capital included in accounts payable and accrued expenses	85	0
Reclassification of acquisition deposits included in prepaid expenses and other assets	147	205
Write-off of fixed assets no longer in service	29	139
Accrued capital expenditures included in accounts payable and accrued expenses	114	123
Right of use assets	$ 64	$ 0