CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Real Estate:
Land, at Cost	$ 257,748	$ 222,232
Building and Improvements, at Cost	720,480	559,389
Other Furnishings and Equipment, at Cost	883	857
Construction in Process, at Cost	5,091	3,997
Total Real Estate, at Cost	984,202	786,475
Less, Accumulated Depreciation	(82,864)	(52,012)
Real Estate-Net	901,338	734,463
Land and Development Costs	300	731
Intangible Lease Assets-Net	79,198	97,109
Investment in Alpine Income Property Trust, Inc.	39,666	39,445
Mitigation Credits		1,044
Commercial Loans and Investments	105,043	61,849
Cash and Cash Equivalents	9,017	10,214
Restricted Cash	8,344	7,605
Refundable Income Taxes	70	246
Deferred Income Taxes-Net	2,467	2,009
Other Assets-See Note 12	36,201	34,953
Total Assets	1,181,644	989,668
Liabilities:
Accounts Payable	3,278	2,758
Accrued and Other Liabilities-See Note 18	21,268	18,373
Deferred Revenue-See Note 19	10,183	5,200
Intangible Lease Liabilities-Net	15,124	10,441
Long-Term Debt	518,993	495,370
Total Liabilities	568,846	532,142
Commitments and Contingencies-See Note 22
Stockholders' Equity:
Preferred Stock - 100,000,000 shares authorized; $0.01 par value, 6.375% Series A Cumulative Redeemable Preferred Stock, $25.00 Per Share Liquidation Preference, 4,713,069 shares issued and outstanding at December 31, 2024 and 2,978,808 shares issued and outstanding at December 31, 2023	47	30
Common Stock - 500,000,000 shares authorized; $0.01 par value, 31,673,479 shares issued and outstanding at December 31, 2024 and 22,643,034 shares issued and outstanding at December 31, 2023	317	226
Additional Paid-In Capital	367,828	168,435
Retained Earnings	232,089	281,944
Accumulated Other Comprehensive Income (Loss)	12,517	6,891
Total Stockholders' Equity	612,798	457,526
Total Liabilities and Stockholders' Equity	$ 1,181,644	$ 989,668