v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Investment in real estate assets, net $ 352,388 $ 378,531
Investment in marketable securities 123 122
Cash and cash equivalents 7,110 7,157
Restricted cash 126 1,349
Receivables, net of allowance for doubtful accounts of $111 and $75, respectively 7,834 6,513
Deferred leasing costs, net of accumulated amortization of $1,957 and $2,866, respectively 2,036 1,870
Prepaid and other assets 2,859 2,444
Total assets 372,476 397,986
LIABILITIES AND STOCKHOLDERS' EQUITY    
Line of credit, net 77,380 74,705
Mortgage loans payable, net 188,292 188,628
Accounts payable and accrued expenses 6,390 7,363
Due to affiliates 16,572 17,383
Note to affiliate, net of unamortized discount of zero and $79, respectively 5,383 5,304
Acquired below-market lease intangibles, less accumulated amortization of $10,865 and $10,851, respectively 7,018 7,484
Other liabilities 1,995 2,006
Total liabilities 303,030 302,873
Stockholders' Equity:    
Additional paid in capital 176,013 206,837
Deficit (106,721) (111,903)
Total stockholders' equity 69,446 95,113
Total liabilities and stockholders' equity 372,476 397,986
Common Class A    
Stockholders' Equity:    
Common stock 31 39
Common Class D    
Stockholders' Equity:    
Common stock 16 21
Common Class I    
Stockholders' Equity:    
Common stock 87 99
Class M-I    
Stockholders' Equity:    
Common stock 5 5
Common Class N    
Stockholders' Equity:    
Common stock 6 6
Common Class T    
Stockholders' Equity:    
Common stock 1 1
Class T2    
Stockholders' Equity:    
Common stock 6 7
Class Z    
Stockholders' Equity:    
Common stock $ 2 $ 1