v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (2,249) $ (2,601)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 14,294 14,465
Amortization of debt issuance costs 327 299
Amortization of acquired market leases, net (71) (33)
Amortization of equity-based compensation 38 34
Reduction in the carrying amount of the right-of-use-asset 89 93
Straight-line income, net (433) (520)
Other non-cash adjustments 62 49
Changes in assets and liabilities:    
Accounts payable and accrued expenses (1,082) 580
Accounts and rent receivable 246 405
Other assets (61) 103
Due to related parties 131 187
Operating lease liability 81 76
Other liabilities (602) (1,343)
Net cash flows provided by operating activities 10,770 11,794
Cash flows from investing activities:    
Capital expenditures (2,927) (5,173)
Net cash flows used in investing activities (2,927) (5,173)
Cash flows from financing activities:    
Payment of credit facility (2,000) (4,000)
Proceeds from credit facility 19,000 4,000
Payment of mortgages payable (18,727) (88)
Distributions paid (4,899) (4,898)
Net cash flows used in financing activities (6,626) (4,986)
Net increase in cash, cash equivalents and restricted cash 1,217 1,635
Cash, cash equivalents and restricted cash, at beginning of the period 8,419 6,896
Cash, cash equivalents and restricted cash, at end of period 9,636 8,531
Supplemental disclosure of cash flow information:    
Cash paid for interest 9,335 9,707
Supplemental schedule of non-cash investing and financing activities:    
Accrued capital expenditures $ 747 $ 337