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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES    
Net (loss) income $ 1,312,000 $ 341,000
Adjustments to reconcile net income to net cash provided by operating activities:    
(Gain) loss on sales (2,422,000) 55,000
Straight-line rents (424,000) (67,000)
Credit adjustments on operating lease receivables 158,000 (58,000)
Depreciation and amortization 3,966,000 4,215,000
Above (below) market lease amortization, net (91,000) (136,000)
Amortization of deferred financing costs 277,000 365,000
Loss on loan prepayment 718,000 0
Changes in operating assets and liabilities:    
Receivables, net (42,000) 354,000
Deferred costs and other assets, net 640,000 (182,000)
Accounts payable, accrued expenses, and other liabilities (58,000) (799,000)
Net cash provided by operating activities 4,034,000 4,088,000
INVESTING ACTIVITIES    
Expenditures for real estate improvements (1,838,000) (5,474,000)
Net proceeds from sales of real estate 16,672,000 5,662,000
Net cash provided by investing activities 14,834,000 188,000
FINANCING ACTIVITIES    
April 2025 Bridge Loan proceeds 10,000,000 0
Advances under Revolving Credit Agreement 0 3,635,000
Repayments under Revolving Credit Agreement 0 (3,635,000)
Loan prepayment premium (521,000) 0
Term loan proceeds 0 1,000,000
Term loan principal payments (9,186,000) 0
Payments for deferred financing costs (193,000) (445,000)
Preferred stock dividends (3,674,000) (5,376,000)
Preferred stock repurchases (31,784,000) 0
Net cash used in financing activities (35,358,000) (4,821,000)
Net decrease in cash, cash equivalents and restricted cash (16,490,000) (545,000)
Cash, cash equivalents and restricted cash at beginning of period 30,624,000 15,908,000
Cash, cash equivalents and restricted cash at end of period 14,134,000 15,363,000
Reconciliation to condensed consolidated balance sheets:    
Cash and cash equivalents 4,068,000 6,822,000
Restricted cash 10,066,000 8,541,000
Cash, cash equivalents and restricted cash $ 14,134,000 $ 15,363,000