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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Cash flows from operating activities:        
Net loss $ (2,668) $ (2,167) $ (7,499) $ (7,612)
Adjustments to reconcile net (loss) to net cash provided by operating activities:        
Depreciation and amortization     19,740 19,400
Amortization of deferred financing costs     851 866
Amortization of debt fair value adjustment     379 421
Amortization of deferred loan fee income (15)   (46) 0
Amortization of restricted stock and restricted stock units     3,521 3,621
Equity in earnings of unconsolidated joint ventures 75 (369) (637) (986)
Gain on sale of real estate (755) 0 (755) 0
Increases and decreases from changes in other assets and liabilities:        
Increase in other assets     (1,851) (809)
Increase in accounts payable and accrued liabilities     4,075 1,661
Net cash provided by operating activities     17,778 16,562
Cash flows from investing activities:        
Improvements to real estate properties     (6,124) (4,943)
Proceeds from the sale of real estate     913 0
Distributions from unconsolidated joint ventures     2,942 3,821
Contributions to unconsolidated joint ventures     (19,130) (166)
Net cash used in investing activities     (21,399) (1,288)
Cash flows from financing activities:        
Proceeds from mortgages payable     15,776 27,375
Mortgage payoffs     (15,375) 0
Mortgage principal payments     (3,594) (2,831)
Proceeds from credit facility     17,500 0
Increase in deferred financing costs     (587) (1,216)
Dividends paid     (14,155) (13,949)
Distributions to non-controlling interests     (157) (195)
Proceeds from issuance of DRIP shares     2,461 2,829
Repurchase of shares of common stock     (2,386) (3,312)
Net cash (used in) provided by financing activities     (517) 8,701
Net (decrease) increase in cash, cash equivalents, restricted cash and escrows:     (4,138) 23,975
Cash, cash equivalents, restricted cash and escrows at beginning of period     40,579 31,775
Cash, cash equivalents, restricted cash and escrows at end of period 36,441 55,750 36,441 55,750
Supplemental disclosure of cash flow information:        
Cash paid during the period for interest expense     16,109 15,434
Cash paid for income taxes and excise taxes     238 58
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows.        
Cash and cash equivalents 21,105 45,801 21,105 45,801
Restricted cash 4,860 0 4,860 0
Escrows (Other assets) 10,476 9,949 10,476 9,949
Total cash, cash equivalents, restricted cash and escrows shown in consolidated statement of cash flows $ 36,441 $ 55,750 $ 36,441 $ 55,750