Loans Payable, net (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt

The Company's loans payable are collateralized by 13 properties at December 31, 2024 and 2023 and are composed of the following:

		December 31, 2024			December 31, 2023
Description	Maturity dates	Balance outstanding		Contractual interest rates weighted-average	Balance outstanding		Contractual interest rates weighted-average
Fixed-rate secured term loans:
Timpany Plaza	Sep 2028	$	11,527,000	7.3%	$	9,060,000	7.3%
Term loan, 10 properties	Nov 2032	109,571,000		5.3%	110,000,000		5.3%
Patuxent Crossing/Coliseum Marketplace	Jan 2033	25,000,000		6.4%	25,000,000		6.4%
		146,098,000		5.6%	144,060,000		5.6%
Unamortized issuance costs		(3,137,000)			(3,566,000)
		$	142,961,000		$	140,494,000

Schedule of Principal Payments on Secured Term Loans

Scheduled principal payments on secured term loans at December 31, 2024, due on various dates through 2033, are as follow:

2025	$	112,000
2026	121,000
2027	258,000
2028	12,647,000
2029	1,581,000
Thereafter	131,379,000
	$	146,098,000