Loans Payable, net (Tables)

6 Months Ended

Jun. 30, 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:

		June 30, 2024
Description	Maturity dates	Balance outstanding		Contractual interest rates weighted average
Variable-rate secured revolving credit facility:
Revolving Credit Agreement	Feb 2025	$	—	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%
		145,060,000		5.6%
Unamortized issuance costs		(3,359,000)
Total loans payable, net		$	141,701,000

Schedule of scheduled principal payments on secured term loans

Scheduled principal payments on indebtedness at June 30, 2024 are as follows:

	Secured Term Loans		Revolving Credit Agreement		Total
For the remaining six months ending December 31, 2024	$	55,000	$	—	$	55,000
2025	228,000		—		228,000
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	$	—	$	145,060,000