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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS UNAUDITED - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net income (loss) $ 6,286 $ (3,336)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 22,368 23,800
Straight line rent adjustment (15) (912)
Intangible amortization in rental revenue, net (318) (734)
Amortization of debt related costs 438 568
Stock based compensation 914 585
Gain on sale of real estate (8,030)
Changes in operating assets and liabilities:    
Other assets 1,785 1,946
Deferred leasing costs (1,043) (1,060)
Accounts payable, accrued expenses and other liabilities (5,771) (2,255)
Net cash provided by operating activities 16,614 18,602
Investing activities    
Real estate improvements (3,760) (8,968)
Net investment in sales-type lease 21
Net cash used in investing activities (3,739) (8,968)
Financing activities    
(Payment) Proceeds from issuance of common stock, net (245) (137)
Repayment of secured debt (1,306) (1,768)
Proceeds from line of credit facility 10,000
Repurchase of Series A Preferred Stock (43)
Debt issuance costs (17)
Dividends and distributions paid (10,291) (10,450)
Net cash used in financing activities (11,842) (2,415)
Net increase (decrease) in cash, cash held in escrow, and restricted cash 1,033 7,219
Cash, cash held in escrow, and restricted cash at beginning of period 26,204 31,213
Cash, cash held in escrow, and restricted cash at end of period 27,237 38,432
Supplemental Cash Flow Disclosures:    
Cash paid for interest 9,337 9,008
Supplemental Non-cash Financing and Investing Activities:    
Dividends declared included in accounts payable, accrued expenses and other liabilities 10,938 9,682
Distribution payable to non-controlling interest holder 118 110
Real estate improvements included in accounts payable, accrued expenses and other liabilities 1,232 5,758
Deferred leasing costs included in accounts payable, accrued expenses and other liabilities $ 403 $ 1,913

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