Loans Payable, net (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of debt obligations

The Company's loans payable are collateralized by all of the Company's properties and are composed of the following:

		March 31, 2024
Description	Maturity dates	Balance outstanding		Contractual interest rates weighted average
Variable-rate secured revolving credit facility:
Revolving Credit Agreement	Feb 2025	$	1,387,000	8.2%
Fixed-rate secured term loans:
Timpany Plaza	Sep 2028	10,060,000		7.3%
Term loan, 10 properties	Nov 2032	110,000,000		5.3%
Patuxent Crossing/Coliseum Marketplace	Jan 2033	25,000,000		6.4%
		146,447,000		5.6%
Unamortized issuance costs		(3,864,000)
Total loans payable, net (including real estate held for sale)		142,583,000
Less: Loans payable, net - real estate held for sale (Note 3)		993,000
Total loans payable, net		$	141,590,000

Schedule of scheduled principal payments on secured term loans

Scheduled principal payments on indebtedness at March 31, 2024, due on various dates from 2024 to 2033, are as follows:

	Secured Term Loans		Revolving Credit Agreement		Total
For the remaining nine months ending December 31, 2024	$	55,000	$	—	$	55,000
2025	228,000		1,387,000		1,615,000
2026	246,000		—		246,000
2027	391,000		—		391,000
2028	10,726,000		—		10,726,000
2029	1,556,000		—		1,556,000
Thereafter	131,858,000		—		131,858,000
	$	145,060,000	$	1,387,000	$	146,447,000