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Loans Payable, net (Tables) | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Debt | The Company's loans payable are collateralized by 12 properties and are composed of the following:
|  |  |  | March 31, 2025
Description |  | Maturity dates |  | Balance outstanding |  | Contractual interest rates weighted average
Fixed-rate secured term loans: |  |  |  |  |  |
Timpany Plaza |  | Sep 2028 |  | $ | 11,497,000 |  |  | 7.3%
October 2022 Term Loan |  | Nov 2032 |  | 100,441,000 |  |  | 5.3%
Patuxent Crossing/Coliseum Marketplace |  | Jan 2033 |  | 25,000,000 |  |  | 6.4%
|  |  |  | 136,938,000 |  |  | 5.6%
Unamortized issuance costs |  |  |  | (2,832,000) |  |  |
Total loans payable, net |  |  |  | $ | 134,106,000 |  |  |
Schedule of Principal Payments on Indebtedness | Scheduled principal payments on indebtedness at March 31, 2025 are as follows:
For the remaining nine months ending December 31, 2025 |  |  |  |  |  | $ | 82,000 |  |  |
2026 |  |  |  |  |  | 121,000 |  |  |
2027 |  |  |  |  |  | 298,000 |  |  |
2028 |  |  |  |  |  | 13,149,000 |  |  |
2029 |  |  |  |  |  | 2,108,000 |  |  |
2030 |  |  |  |  |  | 2,223,000 |  |  |
Thereafter |  |  |  |  |  | 118,957,000 |  |  |
|  |  |  |  |  | $ | 136,938,000 |  |  |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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