v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Real Estate    
Land $ 22,891 $ 21,397
Building and Improvements 408,552 390,911
Total Real Estate 431,443 412,308
Less Accumulated Depreciation (44,709) (31,999)
Net Real Estate 386,734 380,309
Cash and Cash Equivalents 20,213 25,843
In-Place Lease Intangible Assets, net 17,794 19,779
Loan Receivable, net (Current Expected Credit Loss of $116 and $167, respectively) 4,884 4,833
Other Assets 1,911 2,528
Total Assets 431,536 433,292
Liabilities:    
Accounts Payable and Accrued Expenses 1,515 1,117
Revolving Credit Facility 7,600 1,000
Loan Payable, net 0 1,000
Dividends and Distributions Payable 9,246 8,385
Security Deposits 8,117 8,616
Rent Received in Advance 684 990
Other Liabilities 402 227
Total Liabilities 27,564 21,335
Commitments and Contingencies (Note 15)
Equity:    
Preferred Stock, $0.01 Par Value, 100,000,000 Shares Authorized, 0 Shares Issued and Outstanding, respectively 0 0
Common Stock, $0.01 Par Value, 400,000,000 Shares Authorized, 20,514,583 and 20,503,520 Shares Issued and Outstanding, respectively 205 205
Additional Paid-In Capital 446,627 445,289
Accumulated Deficit (50,067) (40,909)
Total Stockholders' Equity 396,765 404,585
Noncontrolling Interests 7,207 7,372
Total Equity 403,972 411,957
Total Liabilities and Equity $ 431,536 $ 433,292

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