Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income	$ 1,288	$ 1,694
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,039	6,071
Amortization of in-place intangibles	3,780	3,547
Write-off and amortization of deferred financing fees	362	330
Amortization of above/below market leases	(1,423)	(1,176)
Amortization of intangible liability	(119)	(49)
Gain on Business Interruption Insurance Recovery	(22)	0
Equity based compensation	3,565	3,207
Deferred rent receivable	(212)	(162)
Deferred rent expense payable	1	2
Other	(17)	23
Changes in assets and liabilities:
Rent and other receivables	770	884
Prepaid expenses and other assets	1,544	1,171
Accounts payable, accrued expenses and other	(270)	(935)
Net cash provided by operating activities	16,286	14,607
Cash flows from investing activities:
Acquisition of real estate	(41,775)	(32,863)
Escrows for acquisition deposits	(221)	(222)
Capital improvements	(1,568)	(968)
Insurance proceeds related to property damage claims	22	0
Other investing activities	(75)	(28)
Net cash used in investing activities	(43,617)	(34,081)
Cash flows from financing activities:
Repayments of secured borrowings	(103)	(97)
Proceeds from revolving credit facility	48,000	32,000
Repayments of revolving credit facility	(15,000)	(3,000)
Redemption of operating partnership units	0	(558)
Net proceeds from issuance of shares	8,552	4,561
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)	(467)
Dividends and distributions	(13,787)	(11,900)
Other financing activities	(138)	(137)
Net cash provided by financing activities	27,075	20,374
Net (decrease) increase in Cash and Escrows and Reserves	(256)	900
Cash and Escrows and Reserves at the beginning of period	2,867	2,042
Cash and Escrow and Reserves at the end of period	2,611	2,942
Supplemental Disclosure of Non-Cash Investing and Financing Activities
Shares issued upon redemption of operating partnership units	862	409
Reallocation of non-controlling interest	1,344	2,567
Unrealized gain on interest rate swaps, net	2,833	562
Operating partnership units issued for property acquisitions	5,788	548
Accrued costs of capital included in accounts payable and accrued expenses	130	8
Reclassification of acquisition deposits included in prepaid expenses and other assets	147	205
Reclassification of construction deposits included in prepaid expenses and other assets	57	113
Write-off of fixed assets no longer in service	25	151
Accrued capital expenditures included in accounts payable and accrued expenses	120	235
Right of use assets, net	$ 25	$ 0