v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Real Estate    
Land $ 22,903 $ 22,903
Building and Improvements 405,358 404,983
Total Real Estate 428,261 427,886
Less Accumulated Depreciation (64,654) (57,916)
Net Real Estate 363,607 369,970
Real Estate Held for Sale 4,802 4,802
Cash and Cash Equivalents 25,762 23,937
In-Place Lease Intangible Assets, net 14,725 15,710
Loan Receivable, net (Current Expected Credit Loss of $51 and $71, respectively) 4,949 4,929
Other Assets 1,003 1,481
Total Assets 414,848 420,829
Liabilities:    
Accounts Payable and Accrued Expenses 1,078 1,307
Revolving Credit Facility 7,600 7,600
Dividends and Distributions Payable 9,048 9,169
Security Deposits 6,748 6,728
Rent Received in Advance 1,405 1,013
Other Liabilities 91 324
Total Liabilities 25,970 26,141
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, 20,580,766 and 20,552,632 Shares Issued and Outstanding, respectively 206 205
Additional Paid-In Capital 447,704 447,185
Accumulated Deficit (65,670) (59,449)
Total Stockholders' Equity 382,240 387,941
Noncontrolling Interests 6,638 6,747
Total Equity 388,878 394,688
Total Liabilities and Equity $ 414,848 $ 420,829

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