Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Real Estate
Land	$ 23,073	$ 22,891
Building and Improvements	408,655	408,552
Total Real Estate	431,728	431,443
Less Accumulated Depreciation	(48,091)	(44,709)
Net Real Estate	383,637	386,734
Cash and Cash Equivalents	19,943	20,213
In-Place Lease Intangible Assets, net	17,297	17,794
Loan Receivable, net (Current Expected Credit Loss of $103 and $116, respectively)	4,897	4,884
Other Assets	1,770	1,911
Total Assets	427,544	431,536
Liabilities:
Accounts Payable and Accrued Expenses	1,051	1,515
Revolving Credit Facility	7,600	7,600
Dividends and Distributions Payable	9,015	9,246
Security Deposits	7,633	8,117
Rent Received in Advance	1,054	684
Other Liabilities	93	402
Total Liabilities	26,446	27,564
Commitments and Contingencies
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, 20,538,785 and 20,514,583 Shares Issued and Outstanding, respectively	205	205
Additional Paid-In Capital	446,709	446,627
Accumulated Deficit	(52,677)	(50,067)
Total Stockholders' Equity	394,237	396,765
Noncontrolling Interests	6,861	7,207
Total Equity	401,098	403,972
Total Liabilities and Equity	$ 427,544	$ 431,536

Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.

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- Definition

Amount of excess of issue price over par or stated value of stock and from other transaction involving stock or stockholder. Includes, but is not limited to, additional paid-in capital (APIC) for common and preferred stock.