Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income	$ 5,300	$ 4,459
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,809	6,618
Amortization related to above/below market leases, net	(46)	(39)
Amortization of debt premium		(12)
Amortization of deferred financing costs	193	171
Stock-based compensation expense	202	188
Changes in assets and liabilities:
Lease receivable	(136)	(533)
Accrued expenses and other liabilities	(1,386)	(1,610)
Tenant reserves, deposits and deferred and prepaid rents	(59)	179
Accrued interest	598	(36)
Leasing costs paid	(379)	(200)
Other, net	642	883
Net cash provided by operating activities	11,738	10,068
Cash flows from investing activities:
Investments in LLCs	(5,892)	(3,869)
Advances made to third-party partners	(128)
Cash distributions from LLCs	371	64
Advance received from LLC		3,500
Additions to real estate investments, net	(3,296)	(5,003)
Deposit on real estate assets		(100)
Net cash used in investing activities	(8,945)	(5,408)
Cash flows from financing activities:
Net borrowings on the line of credit	7,050	10,300
Repayments of mortgage notes payable	(372)	(4,612)
Financing costs paid	(30)	(30)
Dividends paid	(10,000)	(9,851)
Issuance of shares of beneficial interest, net	44	39
Net cash used in financing activities	(3,308)	(4,154)
(Decrease)/increase in cash and cash equivalents	(515)	506
Cash and cash equivalents, beginning of period	8,212	7,614
Cash and cash equivalents, end of period	7,697	8,120
Supplemental disclosures of cash flow information:
Interest paid	3,756	3,723
Invoices accrued for construction and improvements	$ 899	$ 832