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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net loss $ (8,697) $ (6,878)
Adjustments to net loss:    
Depreciation and amortization including intangible assets and deferred financing costs 1,227 1,200
Accretion of rent-related intangibles and straight-line rent adjustments 39 (596)
Impairment of real estate 777 2,166
Unrealized loss (gain) on interest rate derivative 87 (209)
Changes in operating assets and liabilities:    
Increase in due to affiliates 333 359
Decrease in other assets 38 167
(Decrease) increase in accounts payable (183) 4
Increase in accrued expenses and other liabilities 996 365
Net cash used in operating activities (5,383) (3,422)
Cash flows from investing activities    
Development of real estate (79,390) (51,403)
Other investing activity 81 (75)
Purchase of interest rate cap (6) (159)
Net cash used in investing activities (79,315) (51,637)
Cash flows from financing activities    
Proceeds from term loans 52,773
Proceeds from construction loan 47,510 1
Repayment of short-term loan from affiliate (4,000)
Payment of deferred financing costs (3,134) (3,480)
Short-term loan from affiliate 2,600
Proceeds from units issued 711 3,844
Capital distribution to noncontrolling interests (200) (24)
Payment of offering costs (39) (254)
Other financing activities 36 (90)
Contributions from noncontrolling interests 26 188
Net cash provided by financing activities 96,283 185
Net increase (decrease) in cash, cash equivalents and restricted cash 11,585 (54,874)
Cash and cash equivalents and restricted cash, beginning of period 23,585 144,967
Cash and cash equivalents and restricted cash, end of period $ 35,170 $ 90,093