Note 3 - Real Estate

6 Months Ended

Jun. 30, 2024

Note 3 – Real Estate

Concentrations of Credit Risks

The following table contains information regarding the geographic concentration of the properties in the Company’s portfolio as of June 30, 2024, which includes rental income for the six months ended June 30, 2024 and 2023.


(dollars in thousands)	Number of Properties	Gross Real Estate Assets		Percentage of Total Real Estate Assets			Rental income for the six months ended June 30,
Location	June 30, 2024	June 30, 2024		June 30, 2024			2024		2023
Maryland	6	$	102,264		27.3	%	$	6,425	$	6,078
Virginia (1)	5		198,573		53.1	%		7,781		8,703
Pennsylvania (2)	―		—		—			—		1,353
Washington D.C.	1		8,380		2.2	%		400		303
Colorado	3		65,150		17.4	%		4,160		4,028
	15	$	374,367		100.0	%	$	18,766	$	20,465

(1)

Rental income for the six months ended June 30, 2023 includes $1.2 million of rental income from Spotswood Valley Square Shopping Center, which was sold on June 30, 2023.

Rental income related solely to Dekalb Plaza, which was sold on July 20, 2023.