Loans Payable, net (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of debt obligations

The Company's loans payable are collateralized by 13 properties and are composed of the following:

		September 30, 2024
Description	Maturity dates	Balance outstanding		Contractual interest rates weighted average
Fixed-rate secured term loans:
Timpany Plaza	Sep 2028	$	11,560,000	7.3%
Term loan, 10 properties	Nov 2032	110,000,000		5.3%
Patuxent Crossing/Coliseum Marketplace	Jan 2033	25,000,000		6.4%
		146,560,000		5.6%
Unamortized issuance costs		(3,248,000)
Total loans payable, net		$	143,312,000

Schedule of scheduled principal payments on secured term loans

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

For the remaining three months ending December 31, 2024	$	33,000
2025	112,000
2026	121,000
2027	256,000
2028	12,624,000
2029	1,556,000
Thereafter	131,858,000
	$	146,560,000