Consolidated Statements of Cash Flows - USD ($)	3 Months Ended		11 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022
OPERATING ACTIVITIES
Net (loss) income	$ (1,077,000)	$ 1,253,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Gain on sales		(1,047,000)
Impairment charges	707,000
Straight-line rents and expenses, net	(73,000)	(103,000)
Provision for doubtful accounts	44,000	68,000
Depreciation and amortization	8,263,000	11,211,000
Amortization of intangible lease liabilities, net	(269,000)	(277,000)
Expense relating to share-based compensation, net	542,000	880,000
Amortization of deferred financing costs	219,000	342,000
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
Rents and other receivables	(1,169,000)	(1,845,000)
Prepaid expenses and other	(923,000)	(2,234,000)
Accounts payable and accrued liabilities	2,441,000	1,294,000
Net cash provided by operating activities	8,705,000	9,542,000
INVESTING ACTIVITIES
Expenditures for real estate improvements	(9,613,000)	(6,949,000)
Net proceeds from sales of real estate		1,248,000
Contributions to unconsolidated joint venture	(155,000)		$ (4,800,000)
Net cash used in investing activities	(9,768,000)	(5,701,000)
FINANCING ACTIVITIES
Repayments under revolving credit facility		(2,000,000)
Advances under revolving credit facility	4,000,000	6,000,000
Mortgage repayments	(284,000)	(273,000)
Payments of debt financing costs	(6,000)	(2,476,000)
Noncontrolling interests:
Distributions to limited partners	(5,000)	(5,000)
Common stock sales less issuance expenses, net		1,000
Preferred stock dividends	(2,688,000)	(2,688,000)
Distributions to common shareholders	(900,000)	(899,000)
Net cash provided by (used in) financing activities	117,000	(2,340,000)
Net (decrease) increase in cash, cash equivalents and restricted cash	(946,000)	1,501,000
Cash, cash equivalents and restricted cash at beginning of period	3,269,000	1,637,000
Cash, cash equivalents and restricted cash at end of period	2,323,000	3,138,000	2,323,000
Reconciliation to consolidated balance sheets:
Cash and cash equivalents	2,093,000	3,138,000	2,093,000
Restricted cash	230,000		230,000
Cash, cash equivalents and restricted cash at end of period	$ 2,323,000	$ 3,138,000	$ 2,323,000