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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES    
Net income (loss) $ 14,000 $ (1,077,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Impairment charges   707,000
Straight-line rents and expenses, net (191,000) (73,000)
Provision for doubtful accounts (164,000) 44,000
Depreciation and amortization 2,493,000 8,263,000
Amortization of intangible lease liabilities, net (22,000) (269,000)
Expense relating to share-based compensation, net   542,000
Amortization of deferred financing costs 90,000 219,000
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Rents and other receivables, net 670,000 (1,169,000)
Prepaid expenses and other (1,309,000) (923,000)
Accounts payable and accrued liabilities (74,000) 2,441,000
Net cash provided by operating activities 1,507,000 8,705,000
INVESTING ACTIVITIES    
Expenditures for real estate improvements (475,000) (9,613,000)
Contributions to unconsolidated joint venture   (155,000)
Net cash used in investing activities (475,000) (9,768,000)
FINANCING ACTIVITIES    
Advances under revolving credit facility   4,000,000
Mortgage repayments   (284,000)
Payments of debt financing costs   (6,000)
Noncontrolling interests:    
Distributions to limited partners   (5,000)
Preferred stock dividends (2,688,000) (2,688,000)
Distributions to common shareholders   (900,000)
Net cash (used in) provided by financing activities (2,688,000) 117,000
Net decrease in cash, cash equivalents and restricted cash (1,656,000) (946,000)
Cash, cash equivalents and restricted cash at beginning of period 13,463,000 3,269,000
Cash, cash equivalents and restricted cash at end of period 11,807,000 2,323,000
Reconciliation to consolidated balance sheets:    
Cash and cash equivalents 1,654,000 2,093,000
Restricted cash 10,153,000 230,000
Cash, cash equivalents and restricted cash at end of period $ 11,807,000 $ 2,323,000