v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flow From Operating Activities:    
Net Income (Loss) $ 6,849 $ (3,060)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided By Operating Activities:    
Depreciation and Amortization 14,020 14,012
Amortization of Intangible Lease Assets and Liabilities to Lease Income (477) (246)
Amortization of Deferred Financing Costs to Interest Expense 568 394
Accretion of Commercial Loans and Investments Origination Fees (606) (200)
Paid-In-Kind Accrued Interest (1,423)  
Gain on Disposition of Assets (97) (2,089)
Provision for Impairment 885 4,834
Non-Cash Compensation 190 190
Decrease (Increase) in Assets:    
Straight-Line Rent Adjustment (317) (362)
Other Assets (2,079) 192
Increase (Decrease) in Liabilities:    
Accounts Payable, Accrued Expenses, and Other Liabilities 74 588
Prepaid Rent and Deferred Revenue (6,992) (31)
Net Cash Provided By Operating Activities 10,595 14,222
Cash Flow From Investing Activities:    
Acquisition of Real Estate Including Intangible Lease Assets and Liabilities (20,505) (35,208)
Investments in and Improvements to Real Estate (346) (5,131)
Proceeds from Disposition of Assets 5,531 26,820
Acquisition of Commercial Loans and Investments (87,242) (33,098)
Principal Payments Received on Commercial Loans and Investments 17,526 11,856
Proceeds from Sale of Participation Interest 10,763  
Payments on Participation Obligation (1,701) (9,131)
Cash Received for Commercial Loan Reserves 16,935 702
Net Cash Used In Investing Activities (59,039) (43,190)
Cash Flow from Financing Activities:    
Proceeds from Long-Term Debt 289,588 65,500
Payments on Long-Term Debt (298,088) (14,500)
Cash Paid for Loan Fees (4,239) (111)
Repurchases of Common Stock   (8,798)
Proceeds From Stock Issuances, Net 61,488 (71)
Dividends Paid - Preferred Stock (2,309)  
Dividends Paid - Common Stock (10,921) (8,876)
Net Cash Provided By Financing Activities 35,519 33,144
Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash (12,925) 4,176
Cash and Cash Equivalents and Restricted Cash, Beginning of Period 38,999 7,951
Cash and Cash Equivalents and Restricted Cash, End of Period 26,074 12,127
Supplemental Disclosure of Cash Flow Information:    
Cash Paid for Interest 9,057 6,683
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Unrealized Gain (Loss) on Cash Flow Hedge $ 1,990 $ (3,703)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Parent Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Parent
Accrued Tenant Improvements   $ 5,000