| Schedule of Debt |
The Company's loans payable are composed of the following: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | Description | | Maturity
dates | | Balance
outstanding | | Contractual
interest rates
weighted average | | Variable-rate loan: | | | | | | | | April 2025 Bridge Loan | | Jan 2026 | | $ | 10,000,000 | | | 5.6% | | Fixed-rate term loans (1): | | | | | | | | Timpany Plaza | | Sep 2028 | | 11,471,000 | | | 7.3% | October 2022 Term Loan | | Nov 2032 | | 100,441,000 | | | 5.3% | | Patuxent Crossing/Coliseum Marketplace | | Jan 2033 | | 25,000,000 | | | 6.4% | | | | | 146,912,000 | | | 5.6% | | Unamortized issuance costs | | | | (2,856,000) | | | | | Total loans payable, net | | | | $ | 144,056,000 | | | |
(1)Collateralized by 12 properties.
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| Schedule of Principal Payments on Indebtedness |
Scheduled principal payments on indebtedness at June 30, 2025 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans | | April 2025 Bridge Loan | | Total | | | | For the remaining six months ending December 31, 2025 | | $ | 56,000 | | | $ | — | | | $ | 56,000 | | | | | 2026 | | 121,000 | | | 10,000,000 | | | 10,121,000 | | | | | 2027 | | 298,000 | | | — | | | 298,000 | | | | | 2028 | | 13,149,000 | | | — | | | 13,149,000 | | | | | 2029 | | 2,108,000 | | | — | | | 2,108,000 | | | | | 2030 | | 2,223,000 | | | — | | | 2,223,000 | | | | | Thereafter | | 118,957,000 | | | — | | | 118,957,000 | | | | | | $ | 136,912,000 | | | $ | 10,000,000 | | | $ | 146,912,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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