Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2023	Dec. 31, 2022
ASSETS
Land	$ 69,111,000	$ 69,111,000
Buildings and improvements	295,479,000	294,999,000
Real estate, gross	364,590,000	364,110,000
Less accumulated depreciation	(159,515,000)	(157,468,000)
Real estate, net	205,075,000	206,642,000
Cash and cash equivalents	1,654,000	3,899,000
Restricted cash	10,153,000	9,564,000
Receivables, net	5,819,000	6,135,000
Other assets and deferred charges, net	8,881,000	7,924,000
TOTAL ASSETS	231,582,000	234,164,000
LIABILITIES AND EQUITY
Secured term loans, net	131,552,000	131,462,000
Accounts payable and accrued liabilities	9,578,000	10,094,000
Due to Wheeler Real Estate Investment Trust, Inc.	7,955,000	7,328,000
Unamortized intangible lease liabilities	2,969,000	3,078,000
Total liabilities	152,054,000	151,962,000
Commitments and contingencies
Equity:
Preferred stock	159,541,000	159,541,000
Common stock ($0.06 par value, 150,000,000 shares authorized, 13,718,000 shares, issued and outstanding)	823,000	823,000
Additional paid-in capital	868,323,000	868,323,000
Cumulative distributions in excess of net income	(949,159,000)	(946,485,000)
Total equity	79,528,000	82,202,000
TOTAL LIABILITIES AND EQUITY	$ 231,582,000	$ 234,164,000