Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net loss	$ (15,622)	$ (10,180)
Adjustments to net loss:
Depreciation and amortization including intangible assets and deferred financing costs	3,160	1,685
Accretion of rent-related intangibles and straight-line rent adjustments	21	(723)
Impairment of real estate	777	2,961
Unrealized loss (gain) on interest rate derivative	221	(135)
Changes in operating assets and liabilities:
Increase in due to affiliates	1,283	145
Decrease in other assets	37	205
(Decrease) increase in accounts payable	(463)	234
Increase in accrued expenses and other liabilities	1,876	565
Net cash used in operating activities	(8,710)	(5,243)
Cash flows from investing activities
Development of real estate	(110,630)	(95,825)
Other investing activity	(206)	(75)
Proceeds from interest rate cap	186	8
Purchase of interest rate cap	(135)	(159)
Acquisitions of real estate		(5,180)
Net cash used in investing activities	(110,785)	(101,231)
Cash flows from financing activities
Proceeds from term loans	54,247
Proceeds from construction loan	72,141	1
Repayment of short-term loan from affiliate	(4,000)
Payment of deferred financing costs	(3,143)	(3,488)
Short-term loan from affiliate	2,600
Proceeds from units issued	1,711	4,932
Capital distribution to noncontrolling interests	(200)	(24)
Other financing activities	90	(101)
Payment of offering costs	(47)	(319)
Contributions from noncontrolling interests	26	188
Net cash provided by financing activities	123,425	1,189
Net increase (decrease) in cash, cash equivalents and restricted cash	3,930	(105,285)
Cash and cash equivalents and restricted cash, beginning of period	23,585	144,967
Cash and cash equivalents and restricted cash, end of period	$ 27,515	$ 39,682