Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Cash flows from operating activities:
Net income	$ 4,777	$ 5,300
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,845	6,809
Amortization related to above/below market leases, net	(43)	(46)
Amortization of deferred financing costs	193	193
Stock-based compensation expense	213	202
Changes in assets and liabilities:
Lease receivable	(73)	(136)
Accrued expenses and other liabilities	(88)	(1,386)
Tenant reserves, deposits and deferred and prepaid rents	307	(59)
Accrued interest	(35)	598
Leasing costs paid	(551)	(379)
Other, net	66	642
Net cash provided by operating activities	11,611	11,738
Cash flows from investing activities:
Investments in LLCs	(328)	(5,892)
Advance made to third-party partners		(128)
Cash distributions from LLCs		371
Additions to real estate investments, net	(1,569)	(3,296)
Net cash used in investing activities	(1,897)	(8,945)
Cash flows from financing activities:
Net borrowings on the line of credit	600	7,050
Repayments of mortgage notes payable	(322)	(372)
Financing costs paid		(30)
Dividends paid	(10,150)	(10,000)
Issuance of shares of beneficial interest, net	35	44
Net cash used in financing activities	(9,837)	(3,308)
Decrease in cash and cash equivalents	(123)	(515)
Cash and cash equivalents, beginning of period	7,097	8,212
Cash and cash equivalents, end of period	6,974	7,697
Supplemental disclosures of cash flow information:
Interest paid	4,516	3,756
Invoices accrued for construction and improvements	$ 113	$ 899