Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024
Cash flows from operating activities:
Net income	$ 12,210	$ 2,638
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	17,647	16,575
Write-off and amortization of deferred financing fees and debt discounts	637	544
Amortization of above/below market leases	(2,481)	(2,188)
Amortization of intangible liability	(224)	(181)
Loss on early extinguishment of debt	63	0
Casualty and impairment losses	731	216
Loss on sale of real estate assets	49	0
Gain on insurance proceeds received for damage due to property	(837)	(40)
Equity based compensation	4,812	5,040
Deferred rent receivable	(1,953)	(462)
Other	250	(28)
Changes in assets and liabilities:
Rent and other receivables	(237)	(1,246)
Prepaid expenses and other assets	425	973
Accounts payable, accrued expenses and other	2,068	2,456
Net cash provided by operating activities	33,160	24,297
Cash flows from investing activities:
Acquisition of real estate	(89,558)	(53,209)
Proceeds from sale of real estate assets	825	0
Escrows for acquisition deposits	(364)	(380)
Capital improvements	(5,164)	(2,190)
Insurance proceeds related to property damage claims	837	40
Other investing activities	(344)	(154)
Net cash used in investing activities	(93,768)	(55,893)
Cash flows from financing activities:
Repayments of secured borrowings	(113)	(107)
Proceeds from term loans	40,000	0
Proceeds from revolving credit facility	93,000	57,000
Repayments of revolving credit facility	(82,000)	(22,000)
Net proceeds from issuance of shares	34,796	16,827
Debt issuance costs	(2,250)	(5)
Proceeds from issuance of ESPP shares	171	163
Value of shares withheld for payment of taxes related to employee stock compensation	(348)	(700)
Dividends and distributions	(22,658)	(20,818)
Other financing activities	(194)	(124)
Net cash provided by financing activities	60,404	30,236
Net decrease in Cash and Escrows and Reserves	(204)	(1,360)
Cash and Escrows and Reserves at the beginning of period	2,543	2,867
Cash and Escrow and Reserves at the end of period	2,339	1,507
Supplemental Disclosure of Non-Cash Investing and Financing Activities
Operating partnership units issued for property acquisitions	6,746	6,910
Unrealized loss on derivative instruments, net	(5,002)	(2,942)
Reallocation of non-controlling interest	2,422	1,250
Reclassification of acquisition deposits included in prepaid expenses and other assets	322	147
Accrued capital expenditures included in accounts payable and accrued expenses	665	202
Reclassification of construction deposits included in prepaid expenses and other assets	56	63
Accrued costs of capital included in accounts payable and accrued expenses	52	25
Transfer of investment properties, net to assets held for sale	637	3,657
Right of use assets, net	93	281
Shares issued upon redemption of operating partnership units	346	862
Write-off of fixed assets no longer in service	0	62
Assumption of seller financing	$ 0	$ 1,400