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Loans Payable, net (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Debt | The Company's loans payable are collateralized by 13 properties at December 31, 2024 and 2023 and are composed of the following:
|  |  |  | December 31, 2024 |  | December 31, 2023
Description |  | Maturity dates |  | Balance outstanding |  | Contractual interest rates weighted-average |  | Balance outstanding |  | Contractual interest rates weighted-average
Fixed-rate secured term loans: |  |  |  |  |  |  |  |  |  |
Timpany Plaza |  | Sep 2028 |  | $ | 11,527,000 |  |  | 7.3% |  | $ | 9,060,000 |  |  | 7.3%
Term loan, 10 properties |  | Nov 2032 |  | 109,571,000 |  |  | 5.3% |  | 110,000,000 |  |  | 5.3%
Patuxent Crossing/Coliseum Marketplace |  | Jan 2033 |  | 25,000,000 |  |  | 6.4% |  | 25,000,000 |  |  | 6.4%
|  |  |  | 146,098,000 |  |  | 5.6% |  | 144,060,000 |  |  | 5.6%
Unamortized issuance costs |  |  |  | (3,137,000) |  |  |  |  | (3,566,000) |  |  |
|  |  |  | $ | 142,961,000 |  |  |  |  | $ | 140,494,000 |  |  |
Schedule of Principal Payments on Secured Term Loans | Scheduled principal payments on secured term loans at December 31, 2024, due on various dates through 2033, are as follow:
2025 | $ | 112,000 |
2026 | 121,000 |
2027 | 258,000 |
2028 | 12,647,000 |
2029 | 1,581,000 |
Thereafter | 131,379,000 |
| $ | 146,098,000 |

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