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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES    
Net income $ 323,000 $ 14,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Straight-line rents (232,000) (190,000)
Credit adjustments on operating lease receivables 127,000 (164,000)
Depreciation and amortization 1,892,000 2,493,000
Above (below) market lease amortization, net (75,000) (23,000)
Amortization of deferred financing costs 146,000 89,000
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Receivables, net 388,000 670,000
Deferred costs and other assets, net (451,000) (1,309,000)
Accounts payable, accrued expenses, and other liabilities (52,000) (73,000)
Net cash provided by operating activities 2,066,000 1,507,000
INVESTING ACTIVITIES    
Expenditures for real estate improvements (2,102,000) (475,000)
Net cash used in investing activities (2,102,000) (475,000)
FINANCING ACTIVITIES    
Net advances under Revolving Credit Agreement 1,387,000 0
Term loan proceeds 1,000,000 0
Payments of deferred financing costs (445,000) 0
Preferred stock dividends (2,688,000) (2,688,000)
Net cash used in financing activities (746,000) (2,688,000)
Net decrease in cash, cash equivalents and restricted cash (782,000) (1,656,000)
Cash, cash equivalents and restricted cash at beginning of period 15,908,000 13,463,000
Cash, cash equivalents and restricted cash at end of period 15,126,000 11,807,000
Reconciliation to consolidated balance sheets:    
Cash and cash equivalents 5,334,000 1,654,000
Restricted cash 9,792,000 10,153,000
Cash, cash equivalents and restricted cash $ 15,126,000 $ 11,807,000

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