v3.25.4
Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net loss $ (11,097) $ (1,010)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 11,750 11,842
Amortization of above and below market leases, net 7 1
Amortization of debt discounts and financing costs 547 718
Straight-line rental income (1,052) (926)
Gain on sale of investment properties, net 0 (6,869)
Stock-based compensation expense 2,604 1,441
Changes in assets and liabilities:    
Accounts receivable, net (107) 272
Deferred costs and other assets, net (128) 24
Accounts payable and accrued expenses (688) (2,479)
Other liabilities (420) (345)
Net cash flows provided by operating activities 1,416 2,669
Cash flows from investing activities:    
Capital expenditures and tenant improvements (9,371) (5,645)
Proceeds from sale of investment properties, net 0 20,071
Payment of leasing fees (353) (585)
Net cash flows provided by (used in) investing activities (9,724) 13,841
Cash flows from financing activities:    
Payment of debt issuance costs (145) (3)
Principal payments of debt (980) (933)
Common stock repurchased (1,903) (224)
Payment for tax withholding for share-based compensation (1,154) (606)
Net cash flows used in financing activities (4,182) (1,766)
Net increase (decrease) in cash and cash equivalents and restricted cash and escrows (12,490) 14,744
Cash and cash equivalents and restricted cash and escrows, at beginning of year 34,228 19,484
Cash and cash equivalents 19,504 29,864
Restricted cash 2,234 4,364
Cash and cash equivalents and restricted cash and escrows, at end of year 21,738 34,228
Supplemental disclosure of cash flow information:    
Cash paid for interest 6,643 6,927
Supplemental schedule of non-cash activities:    
Non-cash accruals for capital expenditures and tenant improvements $ 106 $ 3,209