CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Real estate:
Investment properties	$ 250,779	$ 250,666
Less accumulated depreciation	(116,147)	(114,525)
Real estate, net	134,632	136,141
Cash and cash equivalents	5,599	5,151
Restricted cash	10,660	10,720
Receivables, net	5,749	5,668
Deferred costs and other assets, net	6,806	7,515
TOTAL ASSETS	163,446	165,195
LIABILITIES AND EQUITY
Loans payable, net	140,168	140,009
Accounts payable, accrued expenses, and other liabilities	5,911	6,462
Due to Wheeler Real Estate Investment Trust, Inc.	$ 11,482	$ 11,277
Due to Wheeler Real Estate Investment Trust, Inc. [Extensible Enumeration]	Related Party	Related Party
Below market lease intangibles, net	$ 1,039	$ 1,084
Total liabilities	158,600	158,832
Commitments and contingencies (Note 7)
Equity:
Preferred stock	68,853	76,190
Common stock ($0.06 par value, 150,000,000 shares authorized, 13,718,169 shares, issued and outstanding)	823	823
Additional paid-in capital	877,585	871,851
Cumulative distributions in excess of net income	(942,415)	(942,501)
Total equity	4,846	6,363
TOTAL LIABILITIES AND EQUITY	163,446	165,195
Land and land improvements
Real estate:
Investment properties	48,694	48,692
Buildings and improvements
Real estate:
Investment properties	$ 202,085	$ 201,974