Broad Street Realty (BRST) 10-Q 16 Aug 21 2021 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Aug. 06, 2021
Cover [Abstract]
Entity Registrant Name	BROAD STREET REALTY, INC.
Entity Central Index Key	0000764897
Document Type	10-Q
Document Period End Date	Jun. 30, 2021
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Trading Symbol	N/A
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		29,039,222
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity File Number	001-09043
Entity Tax Identification Number	36-3361229
Entity Address, Address Line One	7250 Woodmont Ave
Entity Address, Address Line Two	Suite 350
Entity Address, City or Town	Bethesda
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20814
City Area Code	301
Local Phone Number	828-1200
Entity Incorporation, State or Country Code	DE
Entity Interactive Data Current	Yes
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	None
Security Exchange Name	NONE

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Real estate properties
Land	$ 46,164	$ 38,458
Building and improvements	149,276	122,988
Intangible lease assets	29,657	20,619
Construction in progress	431	2,951
Less accumulated depreciation and amortization	(15,760)	(10,535)
Total real estate properties, net	209,768	174,481
Cash and cash equivalents	3,072	4,105
Restricted cash	9,264	5,878
Accounts receivable, net of allowance of $81 and $523, respectively	1,812	2,224
Other assets, net	3,810	4,738
Total Assets	227,726	191,426
Liabilities
Mortgage and other indebtedness, net	158,760	122,060
Accounts payable and accrued liabilities	9,669	10,486
Unamortized intangible lease liabilities, net	2,921	2,381
Payables due to related parties	39	660
Deferred tax liabilities	9,300	11,853
Deferred revenue	639	502
Total liabilities	181,328	147,942
Commitments and contingencies
Equity
Preferred Stock, $0.01 par value, 20,000 shares authorized, 500 shares outstanding at June 30, 2021 and December 31, 2020
Common stock, $0.01 par value. Authorized 50,000,000 shares; 29,039,222 and 22,624,679 issued and outstanding at June 30, 2021 and December 31, 2020, respectively	290	225
Additional paid in capital	62,542	54,622
Accumulated deficit	(14,442)	(10,035)
Total Broad Street Realty, Inc. stockholders' equity	48,390	44,812
Noncontrolling interest	(1,992)	(1,328)
Total equity	46,398	43,484
Total Liabilities and Equity	$ 227,726	$ 191,426

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Statement Of Financial Position [Abstract]
Allowance for accounts receivables	$ 81	$ 523
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	20,000	20,000
Preferred stock, shares outstanding	500	500
Common stock, shares par value	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	29,039,222	22,624,679
Common stock, shares outstanding	29,039,222	22,624,679

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues
Rental income	$ 4,816	$ 3,645	$ 8,754	$ 7,791
Total revenues	5,698	4,185	10,616	9,309
Operating Expenses
Cost of services	446	140	789	589
Depreciation and amortization	2,676	2,499	4,989	4,981
Property operating	1,197	907	2,447	1,858
Bad debt expense (recoveries)	(9)	24	46	165
General and administrative	2,477	2,037	5,063	4,155
Total operating expenses	6,787	5,607	13,334	11,748
Operating loss	(1,089)	(1,422)	(2,718)	(2,439)
Other income (expense)
Interest and other income	7	1	7	48
Derivative fair value adjustment	20	(69)	211	(704)
Interest expense	(3,081)	(1,611)	(4,959)	(3,191)
Gain on extinguishment of debt			757
Other expense	(5)	(166)	(12)	(186)
Total other income (expense)	(3,059)	(1,845)	(3,996)	(4,033)
Income tax benefit	1,019	784	1,643	1,553
Net loss	(3,129)	(2,483)	(5,071)	(4,919)
Plus: Net loss attributable to noncontrolling interest	399	369	664	730
Net loss attributable to common stockholders	$ (2,730)	$ (2,114)	$ (4,407)	$ (4,189)
Net loss attributable to common stockholders per share
Basic and diluted	$ (0.11)	$ (0.10)	$ (0.19)	$ (0.19)
Weighted average shares outstanding
Basic and diluted	24,831,316	21,587,336	23,657,916	21,587,336
Commissions [Member]
Revenues
Revenues	$ 571	$ 224	$ 1,206	$ 834
Management and Other Fees [Member]
Revenues
Revenues	$ 311	$ 316	$ 656	$ 684

Consolidated Statements of Equi

Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Non-controlling Interest [Member]
Beginning balance at Dec. 31, 2019	$ 51,436		$ 216	$ 53,059	$ (1,890)	$ 51
Beginning balance (in shares) at Dec. 31, 2019		500	21,587,336
Net loss	(2,436)				(2,075)	(361)
Ending balance at Mar. 31, 2020	49,000		$ 216	53,059	(3,965)	(310)
Ending balance (in shares) at Mar. 31, 2020		500	21,587,336
Beginning balance at Dec. 31, 2019	51,436		$ 216	53,059	(1,890)	51
Beginning balance (in shares) at Dec. 31, 2019		500	21,587,336
Net loss	(4,919)
Ending balance at Jun. 30, 2020	46,517		$ 216	53,059	(6,079)	(679)
Ending balance (in shares) at Jun. 30, 2020		500	21,587,336
Beginning balance at Mar. 31, 2020	49,000		$ 216	53,059	(3,965)	(310)
Beginning balance (in shares) at Mar. 31, 2020		500	21,587,336
Net loss	(2,483)				(2,114)	(369)
Ending balance at Jun. 30, 2020	46,517		$ 216	53,059	(6,079)	(679)
Ending balance (in shares) at Jun. 30, 2020		500	21,587,336
Beginning balance at Dec. 31, 2020	43,484		$ 225	54,622	(10,035)	(1,328)
Beginning balance (in shares) at Dec. 31, 2020		500	22,624,679
Stock-based compensation	21			21
Tax effect of change in ownership percentage of OP	(16)			(16)
Net loss	(1,942)				(1,677)	(265)
Ending balance at Mar. 31, 2021	41,547		$ 225	54,627	(11,712)	(1,593)
Ending balance (in shares) at Mar. 31, 2021		500	22,624,679
Beginning balance at Dec. 31, 2020	43,484		$ 225	54,622	(10,035)	(1,328)
Beginning balance (in shares) at Dec. 31, 2020		500	22,624,679
Net loss	(5,071)
Ending balance at Jun. 30, 2021	46,398		$ 290	62,542	(14,442)	(1,992)
Ending balance (in shares) at Jun. 30, 2021		500	29,039,222
Beginning balance at Mar. 31, 2021	41,547		$ 225	54,627	(11,712)	(1,593)
Beginning balance (in shares) at Mar. 31, 2021		500	22,624,679
Issuance of common stock	7,860		$ 63	7,797
Issuance of common stock (in shares)			6,331,162
Grants of restricted stock (in shares)			90,517
Shares surrendered for taxes upon vesting	(21)			(21)
Shares surrendered for taxes upon vesting (in shares)			(7,136)
Issuance of warrants	22			22
Stock-based compensation	123		$ 2	121
Tax effect of change in ownership percentage of OP	(4)			(4)
Net loss	(3,129)				(2,730)	(399)
Ending balance at Jun. 30, 2021	$ 46,398		$ 290	$ 62,542	$ (14,442)	$ (1,992)
Ending balance (in shares) at Jun. 30, 2021		500	29,039,222

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities
Net loss	$ (5,071)	$ (4,919)
Adjustments to reconcile net loss to net cash used in operating activities
Income tax benefit	(1,643)	(1,553)
Depreciation and amortization	5,352	5,221
Minimum return on preferred interests	424	(488)
Gain on extinguishment of debt	(757)
Straight-line rent receivable	(282)	(480)
Straight-line rent liability	(14)	6
Stock-based compensation	144
Change in fair value of derivatives	(211)	704
Bad debt expense	46	165
Write-off of pre-acquisition costs		150
Changes in operating assets and liabilities
Accounts receivable	653	(617)
Other assets	703	1,109
Receivables due from related parties	(18)	22
Accounts payable and accrued liabilities	(2,629)	(1,109)
Payables due to related parties	(6)	(11)
Deferred revenues	(152)	(94)
Net cash used in operating activities	(3,461)	(1,894)
Cash flows from investing activities
Acquisitions of real estate, net of cash and restricted cash received	2,377	(1,898)
Capitalized pre-acquisition costs, net of refunds		34
Capital expenditures for real estate	(1,882)	(1,131)
Net cash provided by (used in) investing activities	495	(2,995)
Cash flows from financing activities
Borrowings under debt agreements	17,908	5,063
Repayments under debt agreements	(12,076)	(2,909)
Offering costs		(1)
Taxes remitted upon vesting of restricted stock	(21)
Debt origination and discount fees	(675)	(63)
Proceeds from related parties	671	1,139
Payments to related parties	(488)	(1,040)
Net cash provided by financing activities	5,319	2,189
Increase (decrease) in cash, cash equivalents, and restricted cash	2,353	(2,700)
Cash, cash equivalents and restricted cash at beginning of period	9,983	11,595
Cash, cash equivalents and restricted cash at end of period	12,336	8,895
Supplemental Cash Flow Information
Interest paid	3,648	2,781
Taxes paid, net	2	197
Accrued offering costs	457	457
Accrued capital expenditures for real estate	275
Accrued acquisition costs	560
Accrued pre-acquisition costs	91	95
Accrued deferred loan costs	43
Supplemental disclosure of non-cash investing and financing activities
Acquisition of real estate	(39,552)
Common shares issued in mergers	8,038
Debt assumed in mergers	31,514
Forgiveness of Paycheck Protection Program loan	757
Reconciliation of cash and cash equivalents and restricted cash:
Cash and cash equivalents	3,072	4,764
Restricted cash	9,264	4,131
Cash, cash equivalents and restricted cash at end of period	$ 12,336	$ 8,895

Note 1 - Organization and Natur

Note 1 - Organization and Nature of Business	6 Months Ended
	Jun. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization and Nature of Business	Note 1 - Organization and Nature of Business Broad Street Realty, Inc. (the “Company”) is a fully integrated real estate company that owns, operates, develops and redevelops primarily grocery-anchored shopping centers, street retail-based properties and mixed-use assets in the Mid-Atlantic and Denver, Colorado markets. As of June 30, 2021, the Company had real estate assets of $225.5 million, gross, in 14 real estate properties. In addition, the Company provides commercial real estate brokerage services for its own portfolio and third-party office, industrial and retail operators and tenants. The Company is structured as an “Up-C” corporation with substantially all of its operations conducted through Broad Street Operating Partnership, LP (the “Operating Partnership”) and its direct and indirect subsidiaries. As of June 30, 2021, the Company owned 91.1% of the units of limited partnership interest in its Operating Partnership (“OP units”) and is the sole member of the sole general partner of the Operating Partnership. The Company began operating in its current structure on December 27, 2019, upon the completion of the Initial Mergers (as defined below). Merger with MedAmerica Properties Inc. On May 28, 2019, MedAmerica Properties Inc. and certain of its subsidiaries (“MedAmerica”) entered into 19 separate agreements and plans of merger (collectively, the “Merger Agreements”) with each of Broad Street Realty, LLC (“BSR”), Broad Street Ventures, LLC (“BSV”) and each of the 17 separate entities that owned the properties acquired by the Company in the Initial Mergers (as defined below) and to be acquired in the additional Mergers (as defined below) (the “Broad Street Entities”). The Merger Agreements relate to a series of 19 mergers (“Mergers”) whereby BSR, BSV and each Broad Street Entity has or will become subsidiaries of the Company. On December 27, 2019, the Company completed 11 of the Mergers (the “Initial Mergers”), including the Mergers with BSR and BSV and the Mergers with nine Broad Street Entities. Upon completion of the Initial Mergers, MedAmerica’s name was changed to “Broad Street Realty, Inc.” On December 31, 2019, the Company completed one additional Merger whereby it acquired Brookhill Azalea Shopping Center. On July 2, 2020, the Company closed one Merger whereby it acquired Lamar Station Plaza East. The Company closed three additional Mergers whereby it acquired the Highlandtown Village Shopping Center, Cromwell Field Shopping Center and Spotswood Valley Square Shopping Center on May 21, 2021, May 26, 2021, and June 4, 2021, respectively. As consideration for the Mergers that have closed as of the date of the issuance of these financial statements, the Company has issued an aggregate 25,992,073 shares of common stock and 2,827,904 OP units to prior investors in the Broad Street Entities party to the Mergers. In addition, certain prior investors in the Broad Street Entities received an aggregate of approximately $1.9 million in cash as a portion of the consideration for the Mergers. As of the date of the issuance of these financial statements, there are three Mergers that have not been completed. The Company expects to issue an aggregate of 4,069,621 shares of common stock and 573,529 OP units as consideration for the additional Mergers as agreed to in the Merger Agreements. Until the closing of the remaining Mergers, the Company will continue to manage these three properties and receive management fees. Liquidity and Management’s Plan The Company’s properties are located in areas that have been subject to shelter-in-place orders and restrictions on the types of businesses that may operate due to the COVID-19 pandemic. The Company’s rental revenue and operating results depend significantly on the occupancy levels at its properties and the ability of its tenants to meet their rent and other obligations to the Company, and the government-imposed measures have resulted in significant disruptions to the Company and its tenants’ businesses. The Company has observed the impact of COVID-19 manifest in the form of limited operations among its tenants, which has resulted, and may in the future result in, a decline in on-time rental payments and increased requests from tenants for temporary rental relief. Throughout the COVID-19 pandemic, the Company put into place actions to improve its financial position and maximize liquidity, as described further in “Note 1 —Liquidity and Management’s Plan” in the Company’s 2020 Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on April 15, 2021. The Company’s contractual rent collections have generally returned to pre-COVID results, and the Company continues to maintain ongoing communications and work with its tenants to collect prior deferred rent and to monitor any additional disruptions to their business. The Company’s projected operating model reflects sufficient cash flow to cover its obligations over the next twelve months, except as noted below. The Company’s financing is generally comprised of short-term mortgages secured by the Company’s properties that typically mature within three to five years of origination. The Company is currently in contact with lenders and brokers in the marketplace to restructure its debt. Specifically, the Company has a mortgage on Lamar Station Plaza East with a principal balance outstanding of approximately $3.5 million that matures during the next twelve months. The Company does not project that it will have sufficient cash flow available to pay off the mortgage loan upon maturity and will seek to refinance the loan prior to maturity in July 2022. There can be no assurances that the Company will be successful in the refinance of the mortgage loan on favorable terms or at all. If the Company is unable to refinance the mortgage loan, the lender has the right to place the loan in default and ultimately foreclose on the property. Under this circumstance, the Company would not have any further financial obligation to the lender. Based on the measures described above for the Lamar Station Plaza East mortgage, the Company believes that it is probable that it will be able to generate sufficient liquidity to satisfy its obligations over the next twelve months.

Note 2 - Accounting Policies an

Note 2 - Accounting Policies and Related Matters	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Accounting Policies and Related Matters	Note 2 - Accounting Policies and Related Matters The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial statements and the rules and regulations of the SEC applicable to interim reports. In the opinion of management, the accompanying unaudited consolidated financial statements reflect all adjustments consisting of normal recurring adjustments necessary for a fair presentation of its financial position and results of operations. Interim results of operations are not necessarily indicative of the results that may be achieved for a full year. The unaudited consolidated financial statements and related notes do not include all information and footnotes required by GAAP for annual reports. These interim consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto as of and for the year ended December 31, 2020, included in the Company’s 2020 Annual Report on Form 10-K filed with the SEC on April 15, 2021. The interim consolidated financial statements include the accounts of the Company’s wholly owned subsidiaries and subsidiaries in which the Company has a controlling interest. All material intercompany transactions and balances have been eliminated in consolidation. For information about significant accounting policies, refer to the Company’s audited consolidated financial statements and notes thereto for the year ended December 31, 2020, included in the Company’s 2020 Annual Report on Form 10-K filed with the SEC on April 15, 2021. During the six months ended June 30, 2021, there were no material changes to these policies except as noted below. Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments - Credit Losses (Topic 326), which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. The standard also requires additional disclosures related to significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an entity’s portfolio. Operating lease receivables are excluded from the scope of this guidance. The amended guidance is effective for the Company for fiscal years, and interim periods within those years, beginning January 1, 2023. The Company is evaluating the impact of adopting this new accounting standard on the Company’s consolidated financial statements and related disclosures. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. ASU 2019-12 simplifies the accounting for income taxes by removing certain exceptions to the general principals in Topic 740. The ASU also clarifies and amends existing guidance to improve consistent application. The Company adopted this guidance on January 1, 2021. Adoption of this standard did not have a material impact on the Company’s consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848). ASU 2020-04 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives, and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. The Company continues to evaluate the impact of the guidance and may apply elections as applicable as changes in the market occur. In August 2020, the FASB issued ASU 2020-06, Debt — Debt with Conversion and Other Options (Subtopic 740-20) and Derivatives and Hedging — Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, that simplifies the accounting for convertible instruments and simplifies the settlement assessment that entities are required to perform to determine whether a contract qualifies for equity classification. The guidance also provides clarifications to improve the consistency of earnings per share calculations and requires new disclosures regarding convertible instruments. The Company early adopted this guidance on January 1, 2021. Adoption of this standard did not have a material impact on the Company’s consolidated financial statements.

Note 3 - Real Estate

Note 3 - Real Estate	6 Months Ended
	Jun. 30, 2021
Real Estate [Abstract]
Real Estate	Note 3 – Real Estate 2021 Real Estate Acquisitions On May 21, 2021, the Company completed the Merger to acquire Highlandtown Village Shopping Center. Total consideration for the property included the issuance of 1,749,008 shares of common stock and approximately $0.2 million of transaction costs that were capitalized since the transaction was accounted for as an asset acquisition . The Company assumed approximately $ 5.5 million of indebtedness secured by the property. On May 26, 2021, the Company completed the Merger to acquire Cromwell Field Shopping Center. Total consideration for the property included the issuance of 2,092,657 shares of common stock, the payment of approximately $0.5 million in cash to the prior investors, and approximately $0.4 million of transaction costs that were capitalized since the transaction was accounted for as an asset acquisition. The Company assumed approximately $13.65 million of indebtedness secured by the property. The Company previously acquired the fee-simple interest in the land that the Cromwell Field Shopping Center is located on under a leasehold interest and terminated the ground lease upon completion of the Merger. On June 4, 2021, the Company completed the Merger to acquire Spotswood Valley Square Shopping Center. Total consideration for the property included the issuance of 2,489,497 shares of common stock, the payment of approximately $0.4 million in cash to the prior investors, and approximately $0.3 million of transaction costs that were capitalized since the transaction was accounted for as an asset acquisition. The Company assumed approximately $12.4 million of mortgage secured by the property. The following table provides additional information regarding the total considerations paid for the three properties acquired during the second quarter of 2021 (dollars in thousands). Cash paid to prior owners $ 840 Value of common shares issued 8,038 Prior owner debt and preferred equity paid off at closing 400 Settlement of notes payable owed to properties (700 ) Transaction costs 905 Cash acquired in acquisitions (1,241 ) Total Cost of Acquisitions $ 8,242 The following table reflects the relative fair value of assets acquired and liabilities assumed related to the three properties acquired by the Company during the second quarter of 2021 (dollars in thousands). Land $ 7,707 Building 15,225 Building and site improvements 6,396 Intangible lease assets 9,037 Total real estate assets acquired 38,365 Other assets 3,074 Deferred tax assets 1,117 Total assets acquired 42,556 Accounts payable and accrued expenses (1,813 ) Intangible lease liabilities (987 ) Assumed mortgage indebtedness (31,514 ) Total liabilities assumed (34,314 ) Assets acquired net of liabilities assumed $ 8,242 Concentrations of Credit Risks The following table contains information regarding the geographic concentration of the properties in the Company’s portfolio as of June 30, 2021, which includes rental income for the six months ended June 30, 2021 and 2020 (dollars in thousands). Rental income for the six months ended June 30, Location Number of Properties Gross Real Estate Assets at June 30, 2021 Percentage of Total Real Estate Assets at June 30, 2021 2021 2020 Maryland (1) 6 $ 101,499 45.0 % $ 4,298 $ 3,947 Virginia 5 82,726 36.7 % 2,688 2,394 Pennsylvania 1 26,811 11.9 % 1,106 1,126 Washington D.C. 1 8,393 3.7 % 325 324 Colorado 1 6,099 2.7 % 337 - 14 $ 225,528 100.0 % $ 8,754 $ 7,791 (1) Rental income for each of the six months ended June 30, 2021 and 2020 include less than $0.1 million of ground rental revenue under the ground lease for the parcel of land acquired in January 2020. The ground lease was terminated upon the completion of the Cromwell Field Shopping Center Merger on May 26, 2021.

Note 4 - Intangibles

Note 4 - Intangibles	6 Months Ended
	Jun. 30, 2021
Schedule Of Intangible Assets And Liabilities [Abstract]
Intangibles	Note 4 – Intangibles The following is a summary of the carrying amount of the Company’s intangible assets and liabilities as of June 30, 2021 and December 31, 2020 (dollars in thousands). June 30, 2021 December 31, 2020 Assets: Above-market leases $ 4,070 $ 2,661 Above-market leases accumulated amortization (773 ) (504 ) In-place leases 25,587 17,958 In-place leases accumulated amortization (6,899 ) (4,841 ) Total net real estate intangible assets $ 21,985 $ 15,274 Liabilities Below-market leases 4,277 3,290 Below-market leases accumulated amortization (1,356 ) (909 ) Total net real estate intangible liabilities $ 2,921 $ 2,381 For the three and six months ended June 30, 2021, the Company’s net amortization related to intangibles was approximately $1.0 million and $1.9 million, respectively. For the three and six months ended June 30, 2020, the Company’s net amortization related to intangibles was approximately $1.1 million and $2.2 million, respectively. The following table represents expected amortization of existing real estate intangible assets and liabilities as of June 30, 2021 (dollars in thousands): Amortization of in-place leases Amortization of above-market leases Amortization of below-market leases Total amortization, net Remainder of 2021 $ 3,128 $ 394 $ (669 ) $ 2,853 2022 5,521 764 (1,173 ) 5,112 2023 3,611 661 (542 ) 3,730 2024 2,263 466 (316 ) 2,413 2025 1,394 348 (111 ) 1,631 2026 997 224 (41 ) 1,180 Thereafter 1,774 440 (69 ) 2,145 Total $ 18,688 $ 3,297 $ (2,921 ) $ 19,064 The Company amortizes the value of in-place leases to amortization expense, the value of above-market leases as a reduction of rental income and the value of below-market leases as an increase to rental income over the initial term of the respective leases.

Note 5 - Other Assets

Note 5 - Other Assets	6 Months Ended
	Jun. 30, 2021
Other Assets Unclassified [Abstract]
Other Assets	Note 5 - Other Assets Items included in other assets, net on the Company’s consolidated balance sheets as of June 30, 2021 and December 31, 2020 are detailed in the table below (dollars in thousands): June 30, 2021 December 31, 2020 Straight-line rent receivable $ 1,167 $ 885 Right-of-use assets, net 1,045 1,287 Prepaid assets and deposits 1,042 1,662 Pre-acquisition costs 293 519 Other receivables, net of allowance of $82 and $82 127 59 Corporate property, net 84 107 Receivables due from related parties 41 206 Lease incentives 9 12 Interest rate cap asset 2 1 $ 3,810 $ 4,738 Receivables due from related parties as of June 30, 2021 and December 31, 2020 are described further in Note 13 “Related Party Transactions”.

Note 6 - Mortgage and Other Ind

Note 6 - Mortgage and Other Indebtedness	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Mortgage and Other Indebtedness	Note 6 – Mortgage and Other Indebtedness The table below details the Company’s debt balance at June 30, 2021 and December 31, 2020 (dollars in thousands): Maturity Date Rate Type Interest Rate (1) June 30, 2021 December 31, 2020 Basis Term Loan (net of discount of $560 and $745) January 1, 2023 Floating (2) 6.125% $ 66,625 $ 66,439 Basis Preferred Interest (net of discount of $112 and $150) (3) January 1, 2023 (4) Fixed 14.00% (5) 9,970 11,434 MVB Term Loan December 27, 2022 Fixed 6.75% 4,109 4,277 MVB Revolver December 27, 2022 Floating (6) 6.75% 1,721 2,000 Hollinswood Loan December 1, 2024 LIBOR + (7) 4.06% 13,144 11,670 Avondale Shops Loan June 1, 2025 Fixed 4.00% 3,152 3,205 Vista Shops at Golden Mile Loan (net of discount of $52) June 24, 2023 Fixed 3.83% 11,648 8,902 Brookhill Azalea Shopping Center Loan January 31, 2025 LIBOR + 2.75% 2.85% 9,238 9,432 Lamar Station Plaza East Loan (net of discount of $1 and $7) July 17, 2022 (8) LIBOR + (9) 4.00% 3,515 3,446 Cromwell Land Loan (net of discount of $0 and $10) (10) January 10, 2023 Fixed 6.75% - 1,415 First Paycheck Protection Program Loan April 20, 2022 (11) Fixed 1.00% - 757 Second Paycheck Protection Program Loan March 18, 2026 Fixed 1.00% 769 - Lamont Street Preferred Interest (net of discount of $86) (12) September 30, 2023 Fixed 13.50% 4,744 - Highlandtown Village Shopping Center Loan (net of discount of $63) May 6, 2023 Fixed 4.132% 5,422 - Cromwell Field Shopping Center Loan (net of discount of $227) November 15, 2022 LIBOR + (13) 5.90% 12,166 - Cromwell Field Shopping Center Mezzanine Loan (net of discount of $28) November 15, 2022 Fixed 10.00% 1,502 - Spotswood Valley Square Shopping Center Loan (net of discount of $125) July 6, 2023 Fixed 4.8235% 12,219 - $ 159,944 $ 122,977 Unamortized deferred financing costs (1,184 ) (917 ) Total Mortgage and Other Indebtedness $ 158,760 $ 122,060 (1) For floating rate loans tied to LIBOR, based on the one-month LIBOR rate of 0.10%, as of June 30, 2021. (2) The interest rate for the Basis Term Loan is the greater of (i) LIBOR plus 3.850% per annum and (ii) 6.125% per annum. The Company has entered into an interest rate cap that caps the LIBOR rate on this loan at 3.5%. ( 3 ) The outstanding balance includes approximately $1.3 — Basis Preferred Interest”. (4) ( 5 ) — Basis Preferred Interest” . ( 6 ) The interest rate on the MVB Revolver is the greater of (i) prime rate plus 1.5% and (ii) 6.75%. ( 7 ) The Company has entered into an interest rate swap which fixes the interest rate of the loan at 4.06%. (8) —Mortgage Indebtedness”. ( 9 ) The interest rate on the Lamar Station Plaza East loan is LIBOR plus 3.00% per annum with a minimum LIBOR rate of 1.00%. (10) The Company paid off the remaining principal balance of the Cromwell land loan during the second quarter of 2021. ( 1 1 ) During the first quarter of 2021, the Company received forgiveness for its first Paycheck Protection Program Loan as described below under the heading “ —PPP Loans”. ( 1 2 ) — Lamont Street Preferred Interest”. ( 1 3 ) Basis Term Loan In December 2019, six of the Company’s subsidiaries, as borrowers (collectively, the “Borrowers”), and Big Real Estate Finance I, LLC, a subsidiary of a real estate fund managed by Basis Management Group, LLC, as lender (the “Basis Lender”), entered into a loan agreement (the “Basis Loan Agreement”) pursuant to which the Basis Lender made a senior secured term loan of up to $66.9 million (the “Basis Term Loan”) to the Borrowers. Pursuant to the Basis Loan Agreement, the Basis Term Loan is secured by mortgages on the following properties: Coral Hills, Crestview, Dekalb, Midtown Colonial, Midtown Lamonticello and West Broad. The Basis Term Loan matures on January 1, 2023, subject to two one-year extension options, subject to certain conditions. The Basis Term Loan bears interest at a rate equal to the greater of (i) LIBOR plus 3.850% per annum and (ii) 6.125% per annum. The Borrowers have entered into an interest rate cap that effectively caps LIBOR at 3.50% per annum. As of June 30, 2021, the interest rate of the Basis Term Loan was 6.125% and the outstanding balance wa s $66.9 million The Basis Loan Agreement includes a debt service coverage calculation based on the trailing twelve months results which includes an adjustment for tenants that are more than one-month delinquent in paying rent. A debt service coverage ratio below 1.10x is a Cash Trap Trigger Event (as defined in the loan agreement), which gives the Basis Lender the right to institute a cash management period until the trigger is cured. A debt service coverage ratio below 1.05x for two consecutive calendar quarters gives the Basis Lender the right to remove the Company as manager of the properties. The Company was in compliance with debt service coverage calculation for the twelve months ended June 30, 2021. Basis Preferred Interest In December 2019, the Operating Partnership and Big BSP Investments, LLC, a subsidiary of a real estate fund managed by Basis Management Group, LLC (the “Preferred Investor”), entered into an amended and restated operating agreement (the “Sub-OP Operating Agreement”) of the Broad Street Big First OP LLC (the “Sub-OP”), a subsidiary of the Operating Partnership. Pursuant to the Sub-OP Operating Agreement, among other things, the Preferred Investor committed to make an investment of up to $10.7 million in the Sub-OP, of which $6.9 million had been funded as of June 30, 2021, in exchange for a 1.0% membership interest in the Sub-OP designated as Class A units. Pursuant to the Sub-OP Operating Agreement, the Preferred Investor is entitled to a cumulative annual return of 14.0% on its initial capital contribution (the “Class A Return”), and the Preferred Investor will be entitled to a 20% return (the “Enhanced Class A Return”) on any capital contribution made to the Sub-OP in excess of the $10.7 million commitment. The Preferred Investor’s interests must be redeemed on or before the earlier of: (i) January 1, 2023 1.3 On June 16, 2020, the Preferred Investor made two additional capital contributions available to the Sub-OP in the aggregate amount of approximately $2.9 million, which is classified as debt. The two capital contributions consisted of: (i) a $2.4 million capital contribution to the Sub-OP that the Sub-OP contributed to the Borrowers for purposes of making debt service payments under the Basis Loan Agreement and (ii) a $0.5 million capital contribution to the Sub-OP that the Sub-OP contributed to certain of its other property owning subsidiaries for purposes of making debt service payments on mortgage debt secured by the properties owned by such subsidiaries and making payments of the Class A return due to the Preferred Investor pursuant to the Sub-OP Operating Agreement. The Preferred Investor is entitled to a cumulative annual return of 13.0% on the additional capital contributions. As described below under the heading “—Mortgage Indebtedness,” the Company repaid approximately $0.75 million of these funds with the proceeds from the Vista mortgage refinance. Additionally, approximately $0.3 million of availability under the capital contributions was returned to the Preferred Investor and is no longer available to the Company. As of the date of these consolidated financial statements, there was approximately $1.0 million remaining available to the Company from these capital contributions, which is included in restricted cash. MVB Loan In December 2019, the Company, the Operating Partnership and BSR entered into a loan agreement (the “MVB Loan Agreement”) with MVB Bank, Inc. (“MVB”) with respect to a $6.5 million loan consisting of a $4.5 million term loan (the “MVB Term Loan”) and a $2.0 million revolving credit facility (the “MVB Revolver”). The MVB Term Loan matures on December 27, 2022 and the MVB Revolver had an original maturity date of December 27, 2020, which has been extended to December 27, 2022 The Company has no additional availability under the MVB Term Loan and the MVB Revolver as of June 30, 2021. The MVB Loan Agreement contains certain customary representations and warranties and affirmative and negative covenants. The MVB Loan Agreement also requires the Company to maintain (as such terms are defined in the MVB Loan Agreement) (i) a debt service coverage ratio of at least 1.30 to 1.00, (ii) an EBITDA to consolidated funded debt ratio of at least 8.0%, (iii) an aggregate minimum unencumbered cash, including funds available under other lines of credit, of greater than $5.0 million (the “Minimum Liquidity Requirement”), and (iv) one or more deposit accounts with MVB with an aggregate minimum balance of $3.0 million (the “Deposit Requirement”). The failure to comply with the Deposit Requirement is not a default under the MVB Loan Agreement but will increase the interest rate under the MVB Term Loan and MVB Revolver by 1.0% until the Deposit Requirement has been satisfied. In December 2020, the Company entered into an amendment to the MVB Loan Agreement, which extended the maturity date of the MVB Revolver to December 27, 2021, and in March 2021, the Company entered into another amendment to the MVB Loan Agreement which extended the maturity date of the MVB Revolver to December 27, 2022. The amendments also eliminate the revolving nature of the facility, require monthly principal payments as calculated over a 10-year Lamont Street Preferred Interest In connection with the closing of the Highlandtown and Spotswood Mergers on May 21, 2021 and June 4, 2021, Lamont Street Partners LLC (“Lamont Street”) contributed an aggregate of $3.9 million in exchange for a 1.0% preferred membership interest in BSV Highlandtown Investors LLC (“BSV Highlandtown”) and BSV Spotswood Investors LLC (“BSV Spotswood”) designated as Class A units. Lamont Street is entitled to a cumulative annual return of 13.5% (the “Lamont Street Class A Return”), of which 10.0% is paid current and 3.5% is accrued. Lamont Street’s interests must be redeemed on or before September 30, 2023 (the “Lamont Street Redemption Date”). The Lamont Street Redemption Date may be extended to September 30, 2024 and September 30, 2025, in each case subject to certain conditions, including the payment of a fee equal to 0.25% of Lamont Street’s net invested capital for the first extension option and a fee of 0.50% of Lamont Street’s net invested capital for the second extension option. If the redemption price is paid on or before the Lamont Street Redemption Date, then the redemption price will be equal to (a) all unreturned capital contributions made by Lamont Street, (b) all accrued but unpaid Lamont Street Class A Return, and (c) all costs and other expenses incurred by Lamont Street in connection with the enforcement of its rights under the agreements. Additionally, at the Lamont Street Redemption Date, Lamont Street is entitled to (i) a redemption fee of 0.50% of the capital contributions returned and (ii) an amount equal to (a) the product of (i) the aggregate amount of capital contributions made and (ii) 0.26, less (b) the aggregate amount of Lamont Street Class A Return payments made to Lamont Street (the “Lamont Street Minimum Multiple Amount”). The Lamont Street Minimum Multiple Amount of approximately $1.0 million was recorded as interest expense in the consolidated statement of operations during the three months ended June 30, 2021. As of June 30, 2021, the remaining Lamont Street Minimum Multiple Amount was approximately $0.9 million, which is included in indebtedness on the consolidated balance sheet. The Operating Partnership serves as the managing member of BSV Highlandtown and BSV Spotswood. However, Lamont Street has approval rights over certain major decisions, including, but not limited to (i) the incurrence of new indebtedness or modification of existing indebtedness by BSV Highlandtown and BSV Spotswood, or their direct or indirect subsidiaries, (ii) capital expenditures over $100,000, (iii) any proposed change to a property directly or indirectly owned by BSV Highlandtown and BSV Spotswood, (iv) direct or indirect acquisitions of new properties by BSV Highlandtown or BSV Spotswood, (v) the sale or other disposition of any property directly or indirectly owned by BSV Highlandtown and BSV Spotswood, (vi) the issuance of additional membership interests in BSV Highlandtown and BSV Spotswood, (vii) any amendment to an existing material lease related to the properties and (viii) decisions regarding the dissolution, winding up or liquidation of BSV Highlandtown or BSV Spotswood or the filing of any bankruptcy petition by BSV Highlandtown and BSV Spotswood or their subsidiaries. Under certain circumstances, including an event whereby Lamont Street’s interests are not redeemed on or prior to the Lamont Street Redemption Date (as it may be extended), Lamont Street may remove the Operating Partnership as the manager of BSV Highlandtown and BSV Spotswood. Mortgage Indebtedness In addition to the indebtedness described above, as of June 30, 2021 and December 31, 2020, the Company had approximately $72.0 million and In March 2021, the Company completed the refinance of the Vista Shops mortgage loan. The new loan has a principal balance of $11.7 million, matures in June 2023, and carries an interest rate of 3.83% per annum. The Company deposited approximately $1.9 million of the proceeds from the refinance with the Basis Lender, which was applied as follows during the second quarter of 2021: (i) repaid approximately $0.75 million of the outstanding principal balance on the capital contributions, which are treated as debt, provided to the Company in June 2020 under the Basis Preferred Interest as described above under the heading “—Basis Preferred Interest” In July 2021, the Company entered into a modification of the Lamar Station Plaza East mortgage loan, which extended the maturity date of the loan to July 2022 PPP Loans On April 20, 2020, a wholly owned subsidiary of the Company entered into a promissory note (the “PPP Note”) with MVB with respect to an unsecured loan of approximately $0.8 million (the “PPP Loan”) pursuant to the Paycheck Protection Program (the “PPP”), which was established under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) and is administered by the U.S. Small Business Administration (the “SBA”). The PPP Loan bears interest at a rate of 1.0% per year. On March 18, 2021, a wholly owned subsidiary of Under the terms of the CARES Act, PPP loan recipients can apply for and be granted forgiveness for all or a portion of a loan granted under the PPP, with such forgiveness to be determined, subject to limitations, based on the use of the loan proceeds for payment of payroll costs and certain mortgage interest, rent and utility expenses. The terms of any forgiveness may also be subject to further requirements under any regulations and guidelines the SBA may adopt . The Company can provide no assurances that it will obtain forgiveness of the Second PPP Loan in whole or in part. If the Company does not obtain forgiveness it is required to make equal monthly payments of principal and interest to repay the loan in full upon maturity on March 18, 2026. Deferred Financing Costs and Debt Discounts The total amount of deferred financing costs associated with the Company’s debt as of June 30, 2021 and December 31, 2020 was $1.9 million, gross ($1.2 million, net) and $1.4 million, gross ($ 0.9 The Company recognized amortization expense of deferred financing costs and debt discounts, included in interest expense in the consolidated statement of operations, of approximately $ 0.3 Debt Maturities The following table details the Company’s scheduled principal repayments and maturities during each of the next five years and thereafter as of June 30, 2021 (dollars in thousands): Year Amount Due Remainder of 2021 (1) $ 4,707 2022 20,914 2023 111,733 2024 13,133 2025 10,665 2026 46 Thereafter - 161,198 Unamortized debt discounts and issuance costs, net (2,438 ) Total $ 158,760 (1) Includes the maturity of the Lamar Station Plaza East loan of approximately $3.5 million that was modified in July 2021 to extend the maturity date to July 2022 —Mortgage Indebtedness”. Interest Rate Cap and Interest Rate Swap Agreements To mitigate exposure to interest rate risk, the Company entered into an interest rate cap agreement, effective December 27, 2019, on the full $66.9 million Basis Term Loan to cap the variable LIBOR interest rate at 3.5%. The Basis Term Loan bears interest at a rate equal to the greater of (i) LIBOR plus 3.850% per annum and (ii) 6.125% per annum. As of June 30, 2021, the interest rate of the Basis Term Loan was 6.125%. The Company also entered into two The Company recognizes all derivative instruments as assets or liabilities at their fair value in the consolidated balance sheets. The changes in the fair value of the Company’s derivatives, which do not qualify for hedge accounting, are recognized in earnings. For the three and six months ended June 30, 2021, the Company recognized less than $0.1 million and approximately $ 0.2 The fair value of the Company’s derivative financial instruments as of June 30, 2021 and December 31, 2020 was an interest rate cap asset of less than $0.1 million for each period and an interest rate swap liability of approximately $0.5 million and Other assets, net Covenants The Company’s loan agreements contain customary financial and operating covenants including debt service coverage ratios and aggregate minimum unencumbered cash covenants. As described above under the heading “—MVB Loan” —Mortgage Indebtedness”

Note 7 - Commitments and Contin

Note 7 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 7 - Commitments and Contingencies Commitments As detailed in Note 1 under the heading “— Merger with MedAmerica Properties Inc.”, there are three Mergers that have not been completed. The Company expects to issue an aggregate of 4,069,621 shares of common stock and 573,529 OP units as consideration for the additional Mergers. Until the closing of the remaining Mergers, the Company will continue to manage these three properties Contingencies Impact of COVID-19 The Company continues to monitor the impact of the COVID-19 pandemic on all aspects of its business, including the impact on its tenants and rental revenue. . In some cases, the Company may have to restructure tenants’ long-term rent obligations and may not be able to do so on terms that are as favorable to the Company as those currently in place. Beginning in April 2020 and through the date of these financial statements, the Company has entered into lease modifications that deferred approximately $0.4 million of contractual revenue and waived approximately $0.3 million of contractual revenue. To date, the weighted average payback period of deferred rent is approximately seven months which commences at various times beginning in July 2020 through June 2021. R ent deferrals to date may not be indicative of rent deferrals in any future period. Litigation From time to time, the Company or its properties may be subject to claims and suits in the ordinary course of business. The Company’s lessees and borrowers have indemnified, and are obligated to continue to indemnify, the Company against all liabilities arising from the operations of the properties and are further obligated to indemnify it against environmental or title problems affecting the real estate underlying such facilities. The Company is not aware of any pending or threatened litigation that, if resolved against the Company, would have a material adverse effect on its consolidated financial condition, results of operations or cash flows.

Note 8 - Equity

Note 8 - Equity	6 Months Ended
	Jun. 30, 2021
Stockholders Equity Note [Abstract]
Equity	Note 8 - Equity Noncontrolling Interest As of June 30, 2021, the Company owned a 91.1% interest in the Operating Partnership and investors in the Broad Street Entities receiving OP units as consideration for the Initial Mergers collectively owned an 8.9% interest in the Operating Partnership. Commencing on the 12-month anniversary of the date on which the OP units were issued, each limited partner of the Operating Partnership (other than the Company) has the right, subject to certain terms and conditions, to require the Operating Partnership to redeem all or a portion of the OP units held by such limited partner in exchange for cash based on the market price of the Company’s common stock or, at the Company’s option and sole discretion, for shares of the Company’s common stock on a one-for-one basis. As of June 30, 2021, no OP units have been redeemed. 2020 Equity Incentive Plan The Company’s 2020 Equity Incentive Plan (the “Plan”) provides for the grant of stock options, share awards (including restricted stock and restricted stock units), share appreciation rights, dividend equivalent rights, performance awards, annual cash incentive awards and other equity-based awards, including LTIP units, which are convertible on a one-for-one basis into OP units. As of June 30, 2021, the Plan had 3,620,000 shares authorized for issuance with 3,376,283 shares available for future issuance, subject to certain adjustments set forth in the Plan. Each share subject to an award granted under the Plan will reduce the available shares under the Plan on a one-for-one basis. The Plan is administered by the compensation committee of the Company’s board of directors. Restricted Stock Awards of restricted stock are awards of the Company’s common stock that are subject to restrictions on transferability and other restrictions as established by the Company’s compensation committee on the date of grant that are generally subject to forfeiture if employment (or service as a director) terminates prior to vesting. Upon vesting, all restrictions would lapse. Except to the extent restricted under the award agreement, a participant awarded restricted stock will have all the rights of a stockholder as to those shares, including, without limitation, the right to vote and the right to receive dividends on the shares. The value of the awards is determined based on the market value of the Company’s common stock on the date of grant. The Company expenses the cost of restricted stock ratably over the vesting period. The following table summarizes the stock-based award activity under the Plan for the six months ended June 30, 2021. There was no activity during the six months ended June 30, 2020. Restricted Stock Awards Weighted-Average Grant Date Fair Value Per Restricted Stock Award Outstanding as of December 31, 2020 153,200 $ 0.55 Granted 90,517 2.95 Vested (30,172 ) 2.95 Outstanding as of June 30, 2021 213,545 $ 1.23 Of the restricted shares that vested during the six months ended June 30, 2021, 7,136 shares were surrendered by certain employees to satisfy their tax obligations. Compensation expense related to these share-based payments for each of the three and six months ended June 30, 2021 was approximately $0.1 million and was included in gen eral and administrative expenses on the consolidated statement of operations. The remaining unrecognized costs from stock-based awards as of June 30, 2021 was approximately $0.2 million and will be recognized over a weighted-average period of 0.7 years. Option Awards In connection with the completion of the Initial Mergers, the Company assumed option awards previously issued to directors and officers of MedAmerica. Details of these options for the six months ended June 30, 2021 and 2020 are presented in the tables below. Number of Shares Underlying Options Weighted Average Exercise Price Per Share Weighted Average Fair Value at Grant Date Weighted Average Remaining Contractual Life Intrinsic Value Balance at December 31, 2020 70,000 $ 7.71 $ - 1.76 $ - Options granted - - - - - Options exercised - - - - - Options expired - - - - - Balance at June 30, 2021 70,000 $ 7.71 $ - 1.26 $ - Number of Shares Underlying Options Weighted Average Exercise Price Per Share Weighted Average Fair Value at Grant Date Weighted Average Remaining Contractual Life Intrinsic Value Balance at December 31, 2019 70,000 $ 7.71 $ - 2.76 $ - Options granted - - - - - Options exercised - - - - - Options expired - - - - - Balance at June 30, 2020 70,000 $ 7.71 $ - 2.26 $ - The fair values of stock options are estimated using the Black-Scholes method, which takes into account variables such as estimated volatility, expected holding period, dividend yield, and the risk-free interest rate. The risk-free interest rate is the five-year treasury rate at the date of grant. The expected life is based on the contractual life of the options at the date of grant. All 70,000 outstanding options were fully vested at grant date. The exercise price of the outstanding options exceeded the closing price of the Company’s common stock at June 30, 2021. The intrinsic value is not material. Warrants On June 4, 2021, the Company issued to Lamont Street warrants to purchase 200,000 shares of the Company’s common stock at an exercise price of $2.50 per share (the “Warrants”). The Warrants were issued in connection with Lamont Street’s contribution of the Lamont Street Preferred Investment described in Note 6 under the heading “— Lamont Street Preferred Interest

Note 9 - Revenues

Note 9 - Revenues	6 Months Ended
	Jun. 30, 2021
Revenue From Contract With Customer [Abstract]
Revenues	Note 9 – Revenues Disaggregated Revenue The following tables represents a disaggregation of revenues from contracts with customers for the three and six months ended June 30, 2021 and 2020 by type of service (dollars in thousands): Topic 606 Three Months Ended June 30, Six Months Ended June 30, Revenue Recognition 2021 2020 2021 2020 Topic 606 Revenues Leasing commissions Point in time $ 477 $ 224 $ 1,066 $ 815 Property and asset management fees Over time 149 151 346 342 Sales commissions Point in time 94 - 140 19 Development fees Over time 88 88 177 181 Engineering services Over time 74 65 133 141 Equity fees Point in time - 4 - 4 Topic 606 Revenue 882 532 1,862 1,502 Out of Scope of Topic 606 revenue Rental income $ 4,816 $ 3,645 $ 8,754 $ 7,791 Sublease income - 8 - 16 Total Out of Scope of Topic 606 revenue 4,816 3,653 8,754 7,807 Total Revenue $ 5,698 $ 4,185 $ 10,616 $ 9,309 Leasing Operations Minimum cash rental payments due to the Company in future periods under executed non-cancelable operating leases in place for the Company’s properties as of June 30, 2021 are as follows (dollars in thousands): Remainder of 2021 $ 8,507 2022 16,644 2023 15,167 2024 12,284 2025 10,062 2026 7,680 Thereafter 19,747 Total $ 90,091

Note 10 - Earnings per Share

Note 10 - Earnings per Share	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Earnings per Share	Note 10 - Earnings per Share Basic earnings per share is calculated based on the weighted average number of common shares outstanding during the period. Diluted earnings per share is determined based on the weighted average number of shares outstanding during the period combined with the incremental average shares that would have been outstanding assuming the conversion of all potentially dilutive common shares into common shares as of the earliest date possible. Potentially dilutive securities include stock options, convertible preferred stock, restricted stock, warrants and OP units, which, subject to certain terms and conditions, may be tendered for redemption by the holder thereof for cash based on the market price of the Company’s common stock or, at the Company’s option and sole discretion, for shares of the Company’s common stock on a one-for-one basis The following table sets forth the computation of earnings per common share for the three and six months ended June 30, 2021 and 2020 (amounts in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, Numerator: 2021 2020 2021 2020 Net loss $ (3,129 ) $ (2,483 ) $ (5,071 ) $ (4,919 ) Plus: Net loss attributable to noncontrolling interest 399 369 664 730 Net loss attributable to common stockholders $ (2,730 ) $ (2,114 ) $ (4,407 ) $ (4,189 ) Denominator Basic weighted-average common shares 24,831 21,587 23,658 21,587 Dilutive potential common shares - - - - Diluted weighted-average common shares 24,831 21,587 23,658 21,587 Net loss per common share- basic and diluted $ (0.11 ) $ (0.10 ) $ (0.19 ) $ (0.19 )

Note 11 - Fair Value of Financi

Note 11 - Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 11 - Fair Value of Financial Instruments Financial Assets and Liabilities Measured at Fair Value The Company’s financial assets and liabilities measured at fair value on a recurring basis currently include derivative financial instruments. These derivative financial instruments are valued in the market using discounted cash flow techniques. These techniques incorporate Level 1 and Level 2 inputs. The market inputs are utilized in the discounted cash flow calculation considering the instrument’s term, notional amount, discount rate and credit risk. Significant inputs to the derivative valuation model for interest rate caps and interest rate swaps are observable in active markets and are classified as Level 2 in the hierarchy. The fair value of the Company’s interest rate cap, which is included in Other assets, net on the consolidated balance sheets was less than $0.1 million at both June 30, 2021 and December 31, 2020. The fair value of the Company’s interest rate swap liabilities, which are included in Accounts payable and accrued liabilities on the consolidated balance sheets, was approximately $0.5 million and $0.7 million at June 30, 2021 and December 31, 2020, respectively. See Note 6 “—Interest Rate Cap and Interest Rate Swap Agreements” Financial Assets and Liabilities Not Carried at Fair Value The carrying amounts of cash and cash equivalents, restricted cash, receivables and payables are reasonable estimates of their fair value as of June 30, 2021 and December 31, 2020, respectively, due to the short-term nature of these instruments (Level 1). At June 30, 2021 and December 31, 2020, the Company’s indebtedness was comprised of borrowings that bear interest at LIBOR plus a margin and borrowings at fixed rates. The fair value of the Company’s $106.4 million and $101.9 The fair value of the Company’s fixed rate debt as of June 30, 2021 and December 31, 2020 is estimated by using Level 2 inputs such as discounting the estimated future cash flows using current market rates for similar loans that would be made to borrowers with similar credit ratings and for the same remaining maturities. As of June 30, 2021, the fair value of the Company’s $53.5 21.1 21.6 Fair value estimates are made at a specific point in time, are subjective in nature and involve uncertainties and matters of significant judgment. Settlement at such fair value amounts may not be possible.

Note 12 - Taxes

Note 12 - Taxes	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Taxes	Note 12 – Taxes The provision for income taxes for the three and six months ended June 30, 2021 reflects an income tax benefit of approximately $1.0 million and $1.6 million, respectively, at an effective tax rate of 24.5% for each period. The provision for income taxes for the three and six months ended June 30, 2020 reflects an income tax benefit of approximately $0.8 million and $1.6 million, respectively, at an effective tax rate of 24% for each period. The difference between the Company’s effective tax rate and the federal statutory rate is primarily due to the loss attributable to the partnership not subject to tax and state income taxes.

Note 13- Related Party Transact

Note 13- Related Party Transactions	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Note 13 – Related Party Transactions Receivables and Payables As of June 30, 2021, the Company had less than $0.1 million in receivables due from related parties, included in Other assets, net on the consolidated balance sheet, which relates to receivables due from properties managed by the Company which were provided to the properties for working capital. Additionally, the Company had less than $ 0.1 million in payables due to properties managed by the Company related to amounts borrowed by the Company for working capital , which are reflected in Payables due to related parties on the consolidated balance sheet. As of December 31, 2020, the Company had $0.2 million in receivables due from related parties, included in Other assets, net on the consolidated balance sheet, which relates to receivables due from properties managed by the Company which were provided to the properties for working capital. Additionally, the Company had $0.7 million in payables due to properties managed by the Company related to amounts borrowed by the Company for working capital, which are reflected in Payables due to related parties on the consolidated balance sheet. Approximately $0.3 During 2019, the Company agreed to pay $1.5 million of consideration to Mr. Yockey in exchange for repurchasing a portion of his ownership interest in BSR prior to the Mergers. Approximately $1.0 million of this consideration was paid to Mr. Yockey in January 2020 and the remaining $0.5 million was paid to Mr. Yockey in the second quarter of 2021. The Mergers As consideration in the Mergers that have closed as of the date of these financial statements, as a result of their interests in the Broad Street Entities party to such Mergers, (i) Mr. Jacoby received 2,366,950 shares of the Company’s common stock and 856,805 OP units, (ii) Mr. Yockey received 2,366,950 shares of the Company’s common stock and 420,523 OP units, (iii) Alexander Topchy, the Company’s Chief Financial Officer, received an aggregate of 120,584 shares of the Company’s common stock and 48,320 OP units, (iv) Daniel J.W. Neal, a member of the Company’s Board of Directors, received, directly or indirectly, 774,189 shares of the Company’s common stock, and (v) Samuel M. Spiritos, a director of the Company, indirectly received 13,827 shares of the Company’s common stock. As consideration in the remaining three Mergers as a result of their interests in the remaining Broad Street Entities, (i) Mr. Jacoby will receive an aggregate of approximately 184,685 shares of the Company’s common stock and 136,213 OP units, (ii) Mr. Yockey will receive an aggregate of approximately 184,685 shares of the Company’s common stock and 136,213 OP units, (iii) Mr. Topchy will receive 18,695 shares of the Company’s common stock and 14,338 OP units and (iv) Mr. Neal will receive, directly or indirectly, an aggregate of approximately 120,431 shares of the C Management Fees The Company provides management services for the three properties to be acquired as of June 30, 2021 in the remaining Mergers. For each property, the Company receives a management fee ranging from 3.0% to 4.0% of such property’s gross income. As described above, Messrs. Jacoby, Yockey, Topchy and Neal have interests in some or all of the Broad Street Entities that own the three properties. Messrs. Jacoby and Yockey, along with Mr. Topchy, Jeffrey H. Foster, a member of the Company’s Board of Directors, and Aras Holden, the Company’s vice president of asset management and acquisitions, own an interest in BBL Current Investors LLC (“BBL”). BBL is redeveloping a property adjacent to the Company’s Midtown Colonial property into a mixed-use facility with retail on the ground floor and multi-family above. When the redevelopment is complete, the Company will manage the retail portion of the property and will receive management fees from BBL. However, the Company will have no ownership interest in the property. Ground Lease The Company owns the fee-simple interest in the land that the Cromwell Field Shopping Center, a property previously managed by the Company, is located on under a leasehold interest. The Company leased the land to the owner of the Cromwell Field Shopping Center pursuant to a ground lease and recognized less than $0.1 million of revenue under the ground lease for each of the three and six months ended June 30, 2021 and 2020. The ground lease was terminated upon the acquisition of Cromwell Field Shopping Center as described in “—2021 Real Estate Acquisitions” . Tax Protection Agreements On December 27, 2019, pursuant to the Merger Agreements, the Company and the Operating Partnership entered into tax protection agreements (the “Tax Protection Agreements”) with each of the prior investors in BSV Colonial Investor LLC, BSV Lamonticello Investors LLC and BSV Patrick Street Member LLC, including Mr. Jacoby, Mr. Yockey and Mr. Topchy, in connection with their receipt of OP units in certain of the Initial Mergers. Pursuant to the Tax Protection Agreements, until the seventh anniversary of the completion of the Initial Mergers, the Company and the Operating Partnership may be required to indemnify the other parties thereto for their tax liabilities related to built-in gain that exists with respect to the properties known as Midtown Colonial, Midtown Lamonticello and Vista Shops at Golden Mile (the “Protected Properties”). Furthermore, until the seventh anniversary of the completion of the Initial Mergers, the Company and the Operating Partnership will be required to use commercially reasonable efforts to avoid any event, including a sale of the Protected Properties, that triggers built-in gain to the other parties to the Tax Protection Agreements, subject to certain exceptions, including like-kind exchanges under Section 1031 of the Internal Revenue Code. Guarantees The Company’s subsidiaries’ obligations under the Basis Term Loan Agreement, the Sub-OP Operating Agreement, the Brookhill mortgage loan, and the Spotswood mortgage loan are guaranteed by Mr. Jacoby and Mr. Yockey. We have agreed to indemnify Mr. Yockey for any losses he incurs as a result of his guarantee of the Basis Term Loan, the Sub-OP Operating Agreement, and the Brookhill mortgage loan. Mr. Jacoby is also a guarantor under the MVB Loan Agreement, the Lamont Street Preferred Interest, the Highlandtown mortgage loan and the Cromwell mortgage loan. Consulting Agreement The Company has engaged Timbergate Ventures, LLC, an entity wholly owned by Mr. Yockey, as a consultant for a two-year Legal Fees Samuel M. Spiritos, a member of the Company’s Board of Directors, is the managing partner of Shulman Rogers LLP, which represents the Company in certain real estate matters, including with matters related to the Mergers. During each of the three and six months ended June 30, 2021, the Company paid approximately $0.2

Note 14 - Subsequent Events

Note 14 - Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	Note 14 – Subsequent Events 2021 Debt Amendments The Company modified the Lamar Station Plaza East loan as described in Note 6 under the heading “—Mortgage Indebtedness”.

Accounting Policies and Related

Accounting Policies and Related Matters (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments - Credit Losses (Topic 326), which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. The standard also requires additional disclosures related to significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an entity’s portfolio. Operating lease receivables are excluded from the scope of this guidance. The amended guidance is effective for the Company for fiscal years, and interim periods within those years, beginning January 1, 2023. The Company is evaluating the impact of adopting this new accounting standard on the Company’s consolidated financial statements and related disclosures. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. ASU 2019-12 simplifies the accounting for income taxes by removing certain exceptions to the general principals in Topic 740. The ASU also clarifies and amends existing guidance to improve consistent application. The Company adopted this guidance on January 1, 2021. Adoption of this standard did not have a material impact on the Company’s consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848). ASU 2020-04 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives, and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. The Company continues to evaluate the impact of the guidance and may apply elections as applicable as changes in the market occur. In August 2020, the FASB issued ASU 2020-06, Debt — Debt with Conversion and Other Options (Subtopic 740-20) and Derivatives and Hedging — Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, that simplifies the accounting for convertible instruments and simplifies the settlement assessment that entities are required to perform to determine whether a contract qualifies for equity classification. The guidance also provides clarifications to improve the consistency of earnings per share calculations and requires new disclosures regarding convertible instruments. The Company early adopted this guidance on January 1, 2021. Adoption of this standard did not have a material impact on the Company’s consolidated financial statements.

Note 3 - Real Estate (Tables)

Note 3 - Real Estate (Tables)	6 Months Ended
	Jun. 30, 2021
Real Estate [Abstract]
Additional Information Regarding Total Consideration for Properties	The following table provides additional information regarding the total considerations paid for the three properties acquired during the second quarter of 2021 (dollars in thousands). Cash paid to prior owners $ 840 Value of common shares issued 8,038 Prior owner debt and preferred equity paid off at closing 400 Settlement of notes payable owed to properties (700 ) Transaction costs 905 Cash acquired in acquisitions (1,241 ) Total Cost of Acquisitions $ 8,242
Relative Fair Value of Assets Acquired and Liabilities Assumed	The following table reflects the relative fair value of assets acquired and liabilities assumed related to the three properties acquired by the Company during the second quarter of 2021 (dollars in thousands). Land $ 7,707 Building 15,225 Building and site improvements 6,396 Intangible lease assets 9,037 Total real estate assets acquired 38,365 Other assets 3,074 Deferred tax assets 1,117 Total assets acquired 42,556 Accounts payable and accrued expenses (1,813 ) Intangible lease liabilities (987 ) Assumed mortgage indebtedness (31,514 ) Total liabilities assumed (34,314 ) Assets acquired net of liabilities assumed $ 8,242
Summary of Geographic Concentration of Properties	The following table contains information regarding the geographic concentration of the properties in the Company’s portfolio as of June 30, 2021, which includes rental income for the six months ended June 30, 2021 and 2020 (dollars in thousands). Rental income for the six months ended June 30, Location Number of Properties Gross Real Estate Assets at June 30, 2021 Percentage of Total Real Estate Assets at June 30, 2021 2021 2020 Maryland (1) 6 $ 101,499 45.0 % $ 4,298 $ 3,947 Virginia 5 82,726 36.7 % 2,688 2,394 Pennsylvania 1 26,811 11.9 % 1,106 1,126 Washington D.C. 1 8,393 3.7 % 325 324 Colorado 1 6,099 2.7 % 337 - 14 $ 225,528 100.0 % $ 8,754 $ 7,791 (1) Rental income for each of the six months ended June 30, 2021 and 2020 include less than $0.1 million of ground rental revenue under the ground lease for the parcel of land acquired in January 2020. The ground lease was terminated upon the completion of the Cromwell Field Shopping Center Merger on May 26, 2021.

Note 4 - Intangibles (Tables)

Note 4 - Intangibles (Tables)	6 Months Ended
	Jun. 30, 2021
Schedule Of Intangible Assets And Liabilities [Abstract]
Summary of Carrying Amount of Intangible Assets and Liabilities	The following is a summary of the carrying amount of the Company’s intangible assets and liabilities as of June 30, 2021 and December 31, 2020 (dollars in thousands). June 30, 2021 December 31, 2020 Assets: Above-market leases $ 4,070 $ 2,661 Above-market leases accumulated amortization (773 ) (504 ) In-place leases 25,587 17,958 In-place leases accumulated amortization (6,899 ) (4,841 ) Total net real estate intangible assets $ 21,985 $ 15,274 Liabilities Below-market leases 4,277 3,290 Below-market leases accumulated amortization (1,356 ) (909 ) Total net real estate intangible liabilities $ 2,921 $ 2,381
Summary of Expected Amortization of Real Estate Intangible Assets Liabilities	The following table represents expected amortization of existing real estate intangible assets and liabilities as of June 30, 2021 (dollars in thousands): Amortization of in-place leases Amortization of above-market leases Amortization of below-market leases Total amortization, net Remainder of 2021 $ 3,128 $ 394 $ (669 ) $ 2,853 2022 5,521 764 (1,173 ) 5,112 2023 3,611 661 (542 ) 3,730 2024 2,263 466 (316 ) 2,413 2025 1,394 348 (111 ) 1,631 2026 997 224 (41 ) 1,180 Thereafter 1,774 440 (69 ) 2,145 Total $ 18,688 $ 3,297 $ (2,921 ) $ 19,064

Note 5 - Other Assets (Tables)

Note 5 - Other Assets (Tables)	6 Months Ended
	Jun. 30, 2021
Other Assets Unclassified [Abstract]
Schedule of Other Assets, Net	Items included in other assets, net on the Company’s consolidated balance sheets as of June 30, 2021 and December 31, 2020 are detailed in the table below (dollars in thousands): June 30, 2021 December 31, 2020 Straight-line rent receivable $ 1,167 $ 885 Right-of-use assets, net 1,045 1,287 Prepaid assets and deposits 1,042 1,662 Pre-acquisition costs 293 519 Other receivables, net of allowance of $82 and $82 127 59 Corporate property, net 84 107 Receivables due from related parties 41 206 Lease incentives 9 12 Interest rate cap asset 2 1 $ 3,810 $ 4,738

Note 6 - Mortgage and Other I_2

Note 6 - Mortgage and Other Indebtedness (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Debt Balance	The table below details the Company’s debt balance at June 30, 2021 and December 31, 2020 (dollars in thousands): Maturity Date Rate Type Interest Rate (1) June 30, 2021 December 31, 2020 Basis Term Loan (net of discount of $560 and $745) January 1, 2023 Floating (2) 6.125% $ 66,625 $ 66,439 Basis Preferred Interest (net of discount of $112 and $150) (3) January 1, 2023 (4) Fixed 14.00% (5) 9,970 11,434 MVB Term Loan December 27, 2022 Fixed 6.75% 4,109 4,277 MVB Revolver December 27, 2022 Floating (6) 6.75% 1,721 2,000 Hollinswood Loan December 1, 2024 LIBOR + (7) 4.06% 13,144 11,670 Avondale Shops Loan June 1, 2025 Fixed 4.00% 3,152 3,205 Vista Shops at Golden Mile Loan (net of discount of $52) June 24, 2023 Fixed 3.83% 11,648 8,902 Brookhill Azalea Shopping Center Loan January 31, 2025 LIBOR + 2.75% 2.85% 9,238 9,432 Lamar Station Plaza East Loan (net of discount of $1 and $7) July 17, 2022 (8) LIBOR + (9) 4.00% 3,515 3,446 Cromwell Land Loan (net of discount of $0 and $10) (10) January 10, 2023 Fixed 6.75% - 1,415 First Paycheck Protection Program Loan April 20, 2022 (11) Fixed 1.00% - 757 Second Paycheck Protection Program Loan March 18, 2026 Fixed 1.00% 769 - Lamont Street Preferred Interest (net of discount of $86) (12) September 30, 2023 Fixed 13.50% 4,744 - Highlandtown Village Shopping Center Loan (net of discount of $63) May 6, 2023 Fixed 4.132% 5,422 - Cromwell Field Shopping Center Loan (net of discount of $227) November 15, 2022 LIBOR + (13) 5.90% 12,166 - Cromwell Field Shopping Center Mezzanine Loan (net of discount of $28) November 15, 2022 Fixed 10.00% 1,502 - Spotswood Valley Square Shopping Center Loan (net of discount of $125) July 6, 2023 Fixed 4.8235% 12,219 - $ 159,944 $ 122,977 Unamortized deferred financing costs (1,184 ) (917 ) Total Mortgage and Other Indebtedness $ 158,760 $ 122,060 (1) For floating rate loans tied to LIBOR, based on the one-month LIBOR rate of 0.10%, as of June 30, 2021. (2) The interest rate for the Basis Term Loan is the greater of (i) LIBOR plus 3.850% per annum and (ii) 6.125% per annum. The Company has entered into an interest rate cap that caps the LIBOR rate on this loan at 3.5%. ( 3 ) The outstanding balance includes approximately $1.3 — Basis Preferred Interest”. (4) ( 5 ) — Basis Preferred Interest” . ( 6 ) The interest rate on the MVB Revolver is the greater of (i) prime rate plus 1.5% and (ii) 6.75%. ( 7 ) The Company has entered into an interest rate swap which fixes the interest rate of the loan at 4.06%. (8) —Mortgage Indebtedness”. ( 9 ) The interest rate on the Lamar Station Plaza East loan is LIBOR plus 3.00% per annum with a minimum LIBOR rate of 1.00%. (10) The Company paid off the remaining principal balance of the Cromwell land loan during the second quarter of 2021. ( 1 1 ) During the first quarter of 2021, the Company received forgiveness for its first Paycheck Protection Program Loan as described below under the heading “ —PPP Loans”. ( 1 2 ) — Lamont Street Preferred Interest”. ( 1 3 )
Scheduled Principal Repayments and Maturities	The following table details the Company’s scheduled principal repayments and maturities during each of the next five years and thereafter as of June 30, 2021 (dollars in thousands): Year Amount Due Remainder of 2021 (1) $ 4,707 2022 20,914 2023 111,733 2024 13,133 2025 10,665 2026 46 Thereafter - 161,198 Unamortized debt discounts and issuance costs, net (2,438 ) Total $ 158,760 (1) Includes the maturity of the Lamar Station Plaza East loan of approximately $3.5 million that was modified in July 2021 to extend the maturity date to July 2022 —Mortgage Indebtedness”.

Note 8 - Equity (Tables)

Note 8 - Equity (Tables)	6 Months Ended
	Jun. 30, 2021
Stockholders Equity Note [Abstract]
Summary of Stock-Based Award Activity	The following table summarizes the stock-based award activity under the Plan for the six months ended June 30, 2021. There was no activity during the six months ended June 30, 2020. Restricted Stock Awards Weighted-Average Grant Date Fair Value Per Restricted Stock Award Outstanding as of December 31, 2020 153,200 $ 0.55 Granted 90,517 2.95 Vested (30,172 ) 2.95 Outstanding as of June 30, 2021 213,545 $ 1.23
Summary of Option Awards	In connection with the completion of the Initial Mergers, the Company assumed option awards previously issued to directors and officers of MedAmerica. Details of these options for the six months ended June 30, 2021 and 2020 are presented in the tables below. Number of Shares Underlying Options Weighted Average Exercise Price Per Share Weighted Average Fair Value at Grant Date Weighted Average Remaining Contractual Life Intrinsic Value Balance at December 31, 2020 70,000 $ 7.71 $ - 1.76 $ - Options granted - - - - - Options exercised - - - - - Options expired - - - - - Balance at June 30, 2021 70,000 $ 7.71 $ - 1.26 $ - Number of Shares Underlying Options Weighted Average Exercise Price Per Share Weighted Average Fair Value at Grant Date Weighted Average Remaining Contractual Life Intrinsic Value Balance at December 31, 2019 70,000 $ 7.71 $ - 2.76 $ - Options granted - - - - - Options exercised - - - - - Options expired - - - - - Balance at June 30, 2020 70,000 $ 7.71 $ - 2.26 $ -

Note 9 - Revenues (Tables)

Note 9 - Revenues (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue From Contract With Customer [Abstract]
Summary of Disaggregation of Revenues	The following tables represents a disaggregation of revenues from contracts with customers for the three and six months ended June 30, 2021 and 2020 by type of service (dollars in thousands): Topic 606 Three Months Ended June 30, Six Months Ended June 30, Revenue Recognition 2021 2020 2021 2020 Topic 606 Revenues Leasing commissions Point in time $ 477 $ 224 $ 1,066 $ 815 Property and asset management fees Over time 149 151 346 342 Sales commissions Point in time 94 - 140 19 Development fees Over time 88 88 177 181 Engineering services Over time 74 65 133 141 Equity fees Point in time - 4 - 4 Topic 606 Revenue 882 532 1,862 1,502 Out of Scope of Topic 606 revenue Rental income $ 4,816 $ 3,645 $ 8,754 $ 7,791 Sublease income - 8 - 16 Total Out of Scope of Topic 606 revenue 4,816 3,653 8,754 7,807 Total Revenue $ 5,698 $ 4,185 $ 10,616 $ 9,309
Summary of Minimum Cash Rental Payments Due in Future Periods Under Executed Non-cancelable Operating Leases	Minimum cash rental payments due to the Company in future periods under executed non-cancelable operating leases in place for the Company’s properties as of June 30, 2021 are as follows (dollars in thousands): Remainder of 2021 $ 8,507 2022 16,644 2023 15,167 2024 12,284 2025 10,062 2026 7,680 Thereafter 19,747 Total $ 90,091

Note 10 - Earnings per Share (T

Note 10 - Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Schedule of Computation of Earnings Per Common Share	The following table sets forth the computation of earnings per common share for the three and six months ended June 30, 2021 and 2020 (amounts in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, Numerator: 2021 2020 2021 2020 Net loss $ (3,129 ) $ (2,483 ) $ (5,071 ) $ (4,919 ) Plus: Net loss attributable to noncontrolling interest 399 369 664 730 Net loss attributable to common stockholders $ (2,730 ) $ (2,114 ) $ (4,407 ) $ (4,189 ) Denominator Basic weighted-average common shares 24,831 21,587 23,658 21,587 Dilutive potential common shares - - - - Diluted weighted-average common shares 24,831 21,587 23,658 21,587 Net loss per common share- basic and diluted $ (0.11 ) $ (0.10 ) $ (0.19 ) $ (0.19 )

Note 1 - Organization and Nat_2

Note 1 - Organization and Nature of Business (Details Textual) $ in Millions	Dec. 27, 2019Merger	May 28, 2019MergerEntity	Jun. 30, 2021USD ($)propertyMergershares	Jun. 04, 2021Merger	May 26, 2021Merger	May 21, 2021Merger	Jul. 02, 2020Merger	Dec. 31, 2019Merger
Real Estate Properties [Line Items]
Real estate investments | $			$ 225.5
Number of real estate properties | property			14
Number of entities that own properties acquired | Entity		17
Mortgages with principal balances outstanding | $			$ 3.5
Minimum [Member]
Real Estate Properties [Line Items]
Short-term mortgages maurity period			3 years
Maximum [Member]
Real Estate Properties [Line Items]
Short-term mortgages maurity period			5 years
MedAmerica [Member]
Real Estate Properties [Line Items]
Number of merger agreements		19
Date of merger	Dec. 27, 2019
Number of merger completed	11
Number of merger not yet completed			3
MedAmerica [Member] | Common Stock [Member]
Real Estate Properties [Line Items]
Equity interest issued as consideration for the mergers | shares			4,069,621
MedAmerica [Member] | OP units [Member]
Real Estate Properties [Line Items]
Equity interest issued as consideration for the mergers | shares			573,529
MedAmerica [Member] | Mergers [Member]
Real Estate Properties [Line Items]
Cash portion of consideration for initial mergers | $			$ 1.9
MedAmerica [Member] | Mergers [Member] | Common Stock [Member]
Real Estate Properties [Line Items]
Equity interest issued as consideration for the mergers | shares			25,992,073
MedAmerica [Member] | Mergers [Member] | OP units [Member]
Real Estate Properties [Line Items]
Equity interest issued as consideration for the mergers | shares			2,827,904
MedAmerica [Member] | Brookhill Azalea Shopping Center [Member]
Real Estate Properties [Line Items]
Number of additional merger								1
MedAmerica [Member] | Lamar Station Plaza East [Member]
Real Estate Properties [Line Items]
Number of merger closed							1
MedAmerica [Member] | Highlandtown Village Shopping Center [Member]
Real Estate Properties [Line Items]
Number of additional merger closed						1
MedAmerica [Member] | Cromwell Field Shopping Center [Member]
Real Estate Properties [Line Items]
Number of additional merger closed					1
MedAmerica [Member] | Spotswood Valley Square Shopping Center [Member]
Real Estate Properties [Line Items]
Number of additional merger closed				1
MedAmerica [Member] | Broad Street Entities [Member]
Real Estate Properties [Line Items]
Number of merger completed	9
Operating Partnership [Member]
Real Estate Properties [Line Items]
Operating partnership percentage			91.10%

Note 3 - Real Estate (Details T

Note 3 - Real Estate (Details Textual) - 2021 Real Estate Acquisitions [Member] - USD ($) $ in Thousands	Jul. 04, 2021	May 26, 2021	May 21, 2021
Highlandtown Village Shopping Center [Member]
Business Acquisition [Line Items]
Transaction costs capitalized for asset acquisitions			$ 200
Indebtedness/mortgage secured by the property			$ 5,500
Highlandtown Village Shopping Center [Member] | Common Stock [Member]
Business Acquisition [Line Items]
Equity interest issued as consideration for the mergers			1,749,008
Cromwell Field Shopping Center [Member]
Business Acquisition [Line Items]
Transaction costs capitalized for asset acquisitions		$ 400
Indebtedness/mortgage secured by the property		13,650
Cash paid to prior investors		$ 500
Cromwell Field Shopping Center [Member] | Common Stock [Member]
Business Acquisition [Line Items]
Equity interest issued as consideration for the mergers		2,092,657
Spotswood Valley Square Shopping Center [Member]
Business Acquisition [Line Items]
Transaction costs capitalized for asset acquisitions	$ 300
Indebtedness/mortgage secured by the property	12,400
Cash paid to prior investors	$ 400
Spotswood Valley Square Shopping Center [Member] | Common Stock [Member]
Business Acquisition [Line Items]
Equity interest issued as consideration for the mergers	2,489,497

Note 3 - Real Estate - Addition

Note 3 - Real Estate - Additional Information Regarding Total Consideration for Properties (Details) - 2021 Real Estate Acquisitions [Member] $ in Thousands	3 Months Ended
	Jun. 30, 2021USD ($)
Business Acquisition [Line Items]
Cash paid to prior owners	$ 840
Value of common shares issued	8,038
Prior owner debt and preferred equity paid off at closing	400
Settlement of notes payable owed to properties	(700)
Transaction costs	905
Cash acquired in acquisitions	(1,241)
Total Cost of Acquisitions	$ 8,242

Note 3 - Real Estate - Relative

Note 3 - Real Estate - Relative Fair Value of Assets Acquired and Liabilities Assumed (Details) - 2021 Real Estate Acquisitions [Member] $ in Thousands	Jun. 30, 2021USD ($)
Business Acquisition [Line Items]
Land	$ 7,707
Building	15,225
Building and site improvements	6,396
Intangible lease assets	9,037
Total real estate assets acquired	38,365
Other assets	3,074
Deferred tax assets	1,117
Total assets acquired	42,556
Accounts payable and accrued expenses	(1,813)
Intangible lease liabilities	(987)
Assumed mortgage indebtedness	(31,514)
Total liabilities assumed	(34,314)
Assets acquired net of liabilities assumed	$ 8,242

Note 3 - Real Estate - Summary

Note 3 - Real Estate - Summary of Geographic Concentration of Properties (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)property	Jun. 30, 2020USD ($)
Concentration Risk [Line Items]
Number of Properties | property	14
Gross Real Estate Assets	$ 225,500
Geographic Concentration Risk [Member]
Concentration Risk [Line Items]
Number of Properties | property	14
Gross Real Estate Assets	$ 225,528
Percentage of Total Real Estate Assets	100.00%
Geographic Concentration Risk [Member] | Rental Income [Member]
Concentration Risk [Line Items]
Revenues	$ 8,754	$ 7,791
Geographic Concentration Risk [Member] | Maryland [Member]
Concentration Risk [Line Items]
Number of Properties | property	6
Gross Real Estate Assets	$ 101,499
Percentage of Total Real Estate Assets	45.00%
Geographic Concentration Risk [Member] | Maryland [Member] | Rental Income [Member]
Concentration Risk [Line Items]
Revenues	$ 4,298	3,947
Geographic Concentration Risk [Member] | Virginia [Member]
Concentration Risk [Line Items]
Number of Properties | property	5
Gross Real Estate Assets	$ 82,726
Percentage of Total Real Estate Assets	36.70%
Geographic Concentration Risk [Member] | Virginia [Member] | Rental Income [Member]
Concentration Risk [Line Items]
Revenues	$ 2,688	2,394
Geographic Concentration Risk [Member] | Pennsylvania [Member]
Concentration Risk [Line Items]
Number of Properties | property	1
Gross Real Estate Assets	$ 26,811
Percentage of Total Real Estate Assets	11.90%
Geographic Concentration Risk [Member] | Pennsylvania [Member] | Rental Income [Member]
Concentration Risk [Line Items]
Revenues	$ 1,106	1,126
Geographic Concentration Risk [Member] | Washington, D.C. [Member]
Concentration Risk [Line Items]
Number of Properties | property	1
Gross Real Estate Assets	$ 8,393
Percentage of Total Real Estate Assets	3.70%
Geographic Concentration Risk [Member] | Washington, D.C. [Member] | Rental Income [Member]
Concentration Risk [Line Items]
Revenues	$ 325	$ 324
Geographic Concentration Risk [Member] | Colorado [Member]
Concentration Risk [Line Items]
Number of Properties | property	1
Gross Real Estate Assets	$ 6,099
Percentage of Total Real Estate Assets	2.70%
Geographic Concentration Risk [Member] | Colorado [Member] | Rental Income [Member]
Concentration Risk [Line Items]
Revenues	$ 337

Note 3 - Real Estate - Summar_2

Note 3 - Real Estate - Summary of Geographic Concentration of Properties (Parenthetical) (Details) - Rental Income [Member] - Geographic Concentration Risk [Member] - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Concentration Risk [Line Items]
Revenues	$ 8,754,000	$ 7,791,000
Ground Rental Revenue [Member] | Maximum [Member]
Concentration Risk [Line Items]
Revenues	$ 100,000	$ 100,000

Note 4 - Intangibles - Summary

Note 4 - Intangibles - Summary of Carrying Amount of Intangible Assets and Liabilities (Details) - Real Estate [Member] - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Assets:
Above-market leases	$ 4,070	$ 2,661
In-place leases	25,587	17,958
Total net real estate intangible assets	21,985	15,274
Liabilities
Below-market leases	4,277	3,290
Below-market leases accumulated amortization	(1,356)	(909)
Total net real estate intangible liabilities	2,921	2,381
Above-Market Leases [Member]
Assets:
Accumulated amortization	(773)	(504)
Total net real estate intangible assets	3,297
In-Place Leases [Member]
Assets:
Accumulated amortization	(6,899)	$ (4,841)
Total net real estate intangible assets	$ 18,688

Note 4 - Intangibles (Details T

Note 4 - Intangibles (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Schedule Of Intangible Assets And Liabilities [Abstract]
Net amortization related to intangibles	$ 1	$ 1.1	$ 1.9	$ 2.2

Note 4 - Intangibles - Summar_2

Note 4 - Intangibles - Summary of Expected Amortization of Real Estate Intangible Assets Liabilities (Details) - Real Estate [Member] - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Schedule Of Real Estate Intangible Assets Liabilities Amortization [Line Items]
Total net real estate intangible assets	$ 21,985	$ 15,274
Amortization of below-market leases, Remainder of 2021	(669)
Amortization of below-market leases, 2022	(1,173)
Amortization of below-market leases, 2023	(542)
Amortization of below-market leases, 2024	(316)
Amortization of below-market leases, 2025	(111)
Amortization of below-market leases, 2026	(41)
Amortization of below-market leases, Thereafter	(69)
Amortization of below-market leases, Total	(2,921)
Total amortization, net, Remainder of 2021	2,853
Total amortization, net, 2022	5,112
Total amortization, net, 2023	3,730
Total amortization, net, 2024	2,413
Total amortization, net, 2025	1,631
Total amortization, net, 2026	1,180
Total amortization, net,Thereafter	2,145
Total amortization, net	19,064
In-Place Leases [Member]
Schedule Of Real Estate Intangible Assets Liabilities Amortization [Line Items]
Remainder of 2021	3,128
2022	5,521
2023	3,611
2024	2,263
2025	1,394
2026	997
Thereafter	1,774
Total net real estate intangible assets	18,688
Above-Market Leases [Member]
Schedule Of Real Estate Intangible Assets Liabilities Amortization [Line Items]
Remainder of 2021	394
2022	764
2023	661
2024	466
2025	348
2026	224
Thereafter	440
Total net real estate intangible assets	$ 3,297

Note 5 - Other Assets - Schedul

Note 5 - Other Assets - Schedule of Other Assets, Net (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Other Assets Unclassified [Abstract]
Straight-line rent receivable	$ 1,167	$ 885
Right-of-use assets, net	1,045	1,287
Prepaid assets and deposits	1,042	1,662
Pre-acquisition costs	293	519
Other receivables, net of allowance of $82 and $82	127	59
Corporate property, net	84	107
Receivables due from related parties	41	206
Lease incentives	9	12
Interest rate cap asset	2	1
Total	$ 3,810	$ 4,738

Note 5 - Other Assets - Sched_2

Note 5 - Other Assets - Schedule of Other Assets, Net (Parenthetical) (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Other Assets Unclassified [Abstract]
Other receivables, net of allowance	$ 82	$ 82

Note 6 - Mortgage and Other I_3

Note 6 - Mortgage and Other Indebtedness - Schedule of Debt Balance (Details) - USD ($) $ in Thousands		1 Months Ended	6 Months Ended		12 Months Ended
		Dec. 31, 2019	Jun. 30, 2021		Dec. 31, 2020		Mar. 31, 2021
Debt Instrument [Line Items]
Balance outstanding			$ 159,944		$ 122,977
Unamortized deferred financing costs			(1,184)		(917)
Total Mortgage and Other Indebtedness			$ 158,760		$ 122,060
Basis Term Loan [Member]
Debt Instrument [Line Items]
Maturity Date		Jan. 1, 2023	Jan. 1, 2023		Jan. 1, 2023
Rate Type	[1]		Floating		Floating
Interest Rate		6.125%	6.125%	[2]	6.125%	[2]
Balance outstanding			$ 66,625		$ 66,439
Basis Preferred Interest [Member]
Debt Instrument [Line Items]
Maturity Date	[3],[4]		Jan. 1, 2023		Jan. 1, 2023
Rate Type	[4]		Fixed		Fixed
Interest Rate	[2],[4],[5]		14.00%		14.00%
Balance outstanding	[4]		$ 9,970		$ 11,434
MVB Term Loan [Member]
Debt Instrument [Line Items]
Maturity Date			Dec. 27, 2022		Dec. 27, 2022
Rate Type			Fixed		Fixed
Interest Rate	[2]		6.75%		6.75%
Balance outstanding			$ 4,109		$ 4,277
Hollinswood Loan [Member]
Debt Instrument [Line Items]
Maturity Date			Dec. 1, 2024		Dec. 1, 2024
Rate Type	[6]		LIBOR + 2.25%		LIBOR + 2.25%
Interest Rate	[2]		4.06%		4.06%
Balance outstanding			$ 13,144		$ 11,670
Avondale Shops Loan [Member]
Debt Instrument [Line Items]
Maturity Date			Jun. 1, 2025		Jun. 1, 2025
Rate Type			Fixed		Fixed
Interest Rate	[2]		4.00%		4.00%
Balance outstanding			$ 3,152		$ 3,205
Vista Shops at Golden Mile Loan [Member]
Debt Instrument [Line Items]
Maturity Date			Jun. 24, 2023		Jun. 24, 2023
Rate Type			Fixed		Fixed
Interest Rate			3.83%	[2]	3.83%	[2]	3.83%
Balance outstanding			$ 11,648		$ 8,902
Total Mortgage and Other Indebtedness							$ 11,700
Brookhill Azalea Shopping Center Loan [Member]
Debt Instrument [Line Items]
Maturity Date			Jan. 31, 2025		Jan. 31, 2025
Rate Type			LIBOR + 2.75%		LIBOR + 2.75%
Interest Rate	[2]		2.85%		2.85%
Balance outstanding			$ 9,238		$ 9,432
Lamar Station Plaza East Loan [Member]
Debt Instrument [Line Items]
Maturity Date	[7]		Jul. 17, 2022		Jul. 17, 2022
Rate Type	[8]		LIBOR + 3.00%		LIBOR + 3.00%
Interest Rate	[2]		4.00%		4.00%
Balance outstanding			$ 3,515		$ 3,446
Cromwell Land Loan [Member]
Debt Instrument [Line Items]
Maturity Date	[9]		Jan. 10, 2023		Jan. 10, 2023
Rate Type	[9]				Fixed
Interest Rate	[2],[9]				6.75%
Balance outstanding	[9]				$ 1,415
First Paycheck Protection Program Loan [Member]
Debt Instrument [Line Items]
Maturity Date	[10]		Apr. 20, 2022		Apr. 20, 2022
Rate Type			Fixed		Fixed
Interest Rate	[2]		1.00%		1.00%
Balance outstanding					$ 757
Second Paycheck Protection Program Loan [Member]
Debt Instrument [Line Items]
Maturity Date			Mar. 18, 2026		Mar. 18, 2026
Rate Type			Fixed		Fixed
Interest Rate	[2]		1.00%		1.00%
Balance outstanding			$ 769
Lamont Street Preferred Interest [Member]
Debt Instrument [Line Items]
Maturity Date	[11]		Sep. 30, 2023
Rate Type	[11]		Fixed
Interest Rate	[2],[11]		13.50%
Balance outstanding	[11]		$ 4,744
Highlandtown Village Shopping Center Loan [Member]
Debt Instrument [Line Items]
Maturity Date			May 6, 2023
Rate Type			Fixed
Interest Rate	[2]		4.132%
Balance outstanding			$ 5,422
Cromwell Field Shopping Center Loan [Member]
Debt Instrument [Line Items]
Maturity Date	[11]		Nov. 15, 2022
Rate Type	[12]		LIBOR + 5.40%
Interest Rate	[2]		5.90%
Balance outstanding			$ 12,166
Cromwell Field Shopping Center Mezzanine Loan [Member]
Debt Instrument [Line Items]
Maturity Date			Nov. 15, 2022
Rate Type			Fixed
Interest Rate	[2]		10.00%
Balance outstanding			$ 1,502
Spotswood Valley Square Shopping Center Loan [Member]
Debt Instrument [Line Items]
Maturity Date			Jul. 6, 2023
Rate Type			Fixed
Interest Rate	[2]		4.8235%
Balance outstanding			$ 12,219
MVB Revolver [Member]
Debt Instrument [Line Items]
Maturity Date			Dec. 27, 2021		Dec. 27, 2021
Rate Type	[13]		Floating		Floating
Interest Rate	[2]		6.75%		6.75%
Balance outstanding			$ 1,721		$ 2,000
[1]	The interest rate for the Basis Term Loan is the greater of (i) LIBOR plus 3.850% per annum and (ii) 6.125% per annum. The Company has entered into an interest rate cap that caps the LIBOR rate on this loan at 3.5%.
[2]	For floating rate loans tied to LIBOR, based on the one-month LIBOR rate of 0.10%, as of June 30, 2021.
[3]	If the Basis Term Loan is paid in full earlier than its maturity date, the Basis Preferred Interest in the Sub-OP (as defined below) will mature at that time.
[4]	The outstanding balance includes approximately $1.3 — Basis Preferred Interest”.
[5]	In June 2020, the Preferred Investor made additional capital contributions of approximately $2.9 million as described below under the heading “ — Basis Preferred Interest” .
[6]	The Company has entered into an interest rate swap which fixes the interest rate of the loan at 4.06%.
[7]	In July 2021, the Company entered into a modification to the Lamar Station Plaza East loan to extend the maturity date to July 2022 as described below under the heading “ —Mortgage Indebtedness”.
[8]	The interest rate on the Lamar Station Plaza East loan is LIBOR plus 3.00% per annum with a minimum LIBOR rate of 1.00%.
[9]	The Company paid off the remaining principal balance of the Cromwell land loan during the second quarter of 2021.
[10]	During the first quarter of 2021, the Company received forgiveness for its first Paycheck Protection Program Loan as described below under the heading “ —PPP Loans”.
[11]	The outstanding balance includes approximately $0.9 million of indebtedness as of June 30, 2021 related to the Lamont Street Minimum Multiple Amount owed to Lamont Street as described below under the heading “ — Lamont Street Preferred Interest”.
[12]	The interest rate on the Cromwell Field Shopping Center Loan is LIBOR plus 5.40% per annum with a minimum LIBOR rate of 0.50%.
[13]	The interest rate on the MVB Revolver is the greater of (i) prime rate plus 1.5% and (ii) 6.75%.

Note 6 - Mortgage and Other I_4

Note 6 - Mortgage and Other Indebtedness - Schedule of Debt Balance (Parenthetical) (Details) - USD ($) $ in Thousands		Jun. 16, 2020	Dec. 27, 2019	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2021		Dec. 31, 2020		Mar. 31, 2021
Debt Instrument [Line Items]
Debt instrument net of discount						$ 1,300		$ 900
Balance outstanding						$ 161,198
MVB Revolver [Member]
Debt Instrument [Line Items]
Interest Rate	[1]					6.75%		6.75%
Sub-OP [Member]
Debt Instrument [Line Items]
Preferred investor, additional capital contribution		$ 2,900		$ 2,900
Preferred investor, additional capital contribution outstanding				$ 1,900
LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument variable rate						0.10%
Prime Rate [Member] | MVB Revolver [Member]
Debt Instrument [Line Items]
Debt instrument variable rate						1.50%
Interest Rate Swap [Member] | Hollinswood Loan [Member]
Debt Instrument [Line Items]
Interest Rate						4.06%
Basis Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument net of discount						$ 560		$ 745
Interest Rate					6.125%	6.125%	[1]	6.125%	[1]
Balance outstanding						$ 66,900
Basis Term Loan [Member] | Sub-OP [Member]
Debt Instrument [Line Items]
Preferred investor, additional capital contribution		2,400
Basis Term Loan [Member] | Interest Rate Cap [Member]
Debt Instrument [Line Items]
Debt instrument variable rate			6.125%
Basis Term Loan [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument variable rate					3.85%	3.85%
Basis Term Loan [Member] | LIBOR [Member] | Interest Rate Cap [Member]
Debt Instrument [Line Items]
Debt instrument variable rate			3.85%			3.50%
Basis Preferred Interest [Member]
Debt Instrument [Line Items]
Debt instrument net of discount						$ 112		$ 150
Interest Rate	[1],[2],[3]					14.00%		14.00%
Vista Shops at Golden Mile Loan [Member]
Debt Instrument [Line Items]
Debt instrument net of discount						$ 52
Interest Rate						3.83%	[1]	3.83%	[1]	3.83%
Lamar Station Plaza East Loan [Member]
Debt Instrument [Line Items]
Debt instrument net of discount						$ 1		$ 7
Interest Rate	[1]					4.00%		4.00%
Lamar Station Plaza East Loan [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument variable rate						3.00%		3.00%
Lamar Station Plaza East Loan [Member] | LIBOR [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument variable rate						1.00%
Cromwell Land Loan [Member]
Debt Instrument [Line Items]
Debt instrument net of discount						$ 0		$ 10
Interest Rate	[1],[4]							6.75%
Lamont Street Preferred Interest [Member]
Debt Instrument [Line Items]
Debt instrument net of discount						$ 86
Interest Rate	[1],[5]					13.50%
Highlandtown Village Shopping Center Loan [Member]
Debt Instrument [Line Items]
Debt instrument net of discount						$ 63
Interest Rate	[1]					4.132%
Cromwell Field Shopping Center Loan [Member]
Debt Instrument [Line Items]
Debt instrument net of discount						$ 227
Interest Rate	[1]					5.90%
Cromwell Field Shopping Center Loan [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument variable rate						5.40%
Cromwell Field Shopping Center Loan [Member] | LIBOR [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument variable rate						0.50%
Cromwell Field Shopping Center Mezzanine Loan [Member]
Debt Instrument [Line Items]
Debt instrument net of discount						$ 28
Interest Rate	[1]					10.00%
Spotswood Valley Square Shopping Center Loan [Member]
Debt Instrument [Line Items]
Debt instrument net of discount						$ 125
Interest Rate	[1]					4.8235%
Hollinswood Loan [Member]
Debt Instrument [Line Items]
Interest Rate	[1]					4.06%		4.06%
Hollinswood Loan [Member] | Interest Rate Cap [Member]
Debt Instrument [Line Items]
Debt instrument variable rate			4.06%
Hollinswood Loan [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument variable rate						2.25%		2.25%
Brookhill Azalea Shopping Center Loan [Member]
Debt Instrument [Line Items]
Interest Rate	[1]					2.85%		2.85%
Brookhill Azalea Shopping Center Loan [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument variable rate						2.75%		2.75%
Basis Preferred Interest Minimum Multiple Amount [Member]
Debt Instrument [Line Items]
Balance outstanding						$ 1,300		$ 1,800
Basis Preferred Interest Minimum Multiple Amount [Member] | Sub-OP [Member]
Debt Instrument [Line Items]
Balance outstanding						1,300
Other Capital Contribution [Member] | Sub-OP [Member]
Debt Instrument [Line Items]
Preferred investor, additional capital contribution		$ 500
Preferred units, cumulative annual return		13.00%		13.00%
Lamont Street Minimum Multiple Amount [Member]
Debt Instrument [Line Items]
Balance outstanding						$ 900
[1]	For floating rate loans tied to LIBOR, based on the one-month LIBOR rate of 0.10%, as of June 30, 2021.
[2]	In June 2020, the Preferred Investor made additional capital contributions of approximately $2.9 million as described below under the heading “ — Basis Preferred Interest” .
[3]	The outstanding balance includes approximately $1.3 — Basis Preferred Interest”.
[4]	The Company paid off the remaining principal balance of the Cromwell land loan during the second quarter of 2021.
[5]	The outstanding balance includes approximately $0.9 million of indebtedness as of June 30, 2021 related to the Lamont Street Minimum Multiple Amount owed to Lamont Street as described below under the heading “ — Lamont Street Preferred Interest”.

Note 6 - Mortgage and Other I_5

Note 6 - Mortgage and Other Indebtedness - (Details Textual)		Jun. 04, 2021USD ($)	May 21, 2021USD ($)	Mar. 18, 2021USD ($)	Jun. 16, 2020USD ($)Capital	Apr. 20, 2020USD ($)	Dec. 27, 2019USD ($)Derivative	Jul. 31, 2021	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)		Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)Subsidiary	Jun. 30, 2021USD ($)		Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)		Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)		Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021
Debt Instrument [Line Items]
Long-term debt outstanding														$ 161,198,000			$ 161,198,000
Repayments of debt																	12,076,000		$ 2,909,000
Interest expense														3,081,000		$ 1,611,000	4,959,000		3,191,000
Balance outstanding														161,198,000			161,198,000
Principal balance of mortgage loan										$ 122,060,000				158,760,000			158,760,000			$ 122,060,000
PPP loan, interest rate						1.00%
Deferred financing costs, gross										1,400,000				1,900,000			1,900,000			1,400,000
Deferred financing costs, net										900,000				1,200,000			1,200,000			900,000
Debt discounts, gross										1,400,000				2,000,000			2,000,000			1,400,000
Debt instrument net of discount										$ 900,000				$ 1,300,000			1,300,000			$ 900,000
Income (expenses) related to fair value adjustments on derivatives																(100,000)	$ 200,000		(700,000)
MVB Revolver [Member]
Debt Instrument [Line Items]
Maturity date																	Dec. 27, 2021			Dec. 27, 2021
Interest Rate	[1]									6.75%				6.75%			6.75%			6.75%
Mortgages [Member]
Debt Instrument [Line Items]
Outstanding mortgage indebtedness																	$ 72,000,000			$ 38,100,000
PPP Loan [Member]
Debt Instrument [Line Items]
Unsecured loan						$ 800,000
Second PPP Loan [Member]
Debt Instrument [Line Items]
Maturity date				Mar. 18, 2026
Unsecured loan				$ 800,000
PPP loan, interest rate				1.00%
Sub-OP [Member]
Debt Instrument [Line Items]
Number of additional capital contribution from preferred investor | Capital					2
Preferred investor, additional capital contribution					$ 2,900,000							$ 2,900,000				2,900,000			2,900,000
Proceeds from refinance to repayment					750,000
Preferred investor, additional available capital contribution					300,000
Preferred units remaining contributed capital														$ 1,000,000			$ 1,000,000
LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument variable rate																	0.10%
Prime Rate [Member] | MVB Revolver [Member]
Debt Instrument [Line Items]
Debt instrument variable rate																	1.50%
Interest Rate Swap [Member]
Debt Instrument [Line Items]
Fair value of interest rate swap liability										$ 700,000				500,000			$ 500,000			700,000
Interest Rate Swap [Member] | Accounts Payable and Accrued Expenses [Member]
Debt Instrument [Line Items]
Fair value of interest rate swap liability										700,000				500,000			500,000			700,000
Maximum [Member]
Debt Instrument [Line Items]
Deferred financing costs, amortization expense														300,000		$ 200,000	500,000		$ 400,000
Income (expenses) related to fair value adjustments on derivatives														100,000
Maximum [Member] | Interest Rate Cap [Member]
Debt Instrument [Line Items]
Fair value of interest rate cap assets										100,000				100,000			100,000			100,000
Maximum [Member] | Interest Rate Cap [Member] | Other Assets, Net [Member]
Debt Instrument [Line Items]
Fair value of interest rate cap assets										$ 100,000				$ 100,000			$ 100,000			$ 100,000
Basis Term Loan [Member]
Debt Instrument [Line Items]
Number of subsidiaries as borrowers entered in loan agreement | Subsidiary													6
Maturity date													Jan. 1, 2023				Jan. 1, 2023			Jan. 1, 2023
Maturity date description																	The Basis Term Loan matures on January 1, 2023, subject to two one-year extension options, subject to certain conditions.
Interest Rate										6.125%	[1]		6.125%	6.125%	[1]		6.125%	[1]		6.125%	[1]
Long-term debt outstanding														$ 66,900,000			$ 66,900,000
Balance outstanding														66,900,000			66,900,000
Debt instrument net of discount										$ 745,000				$ 560,000			$ 560,000			$ 745,000
Basis Term Loan [Member] | Sub-OP [Member]
Debt Instrument [Line Items]
Preferred investor, additional capital contribution					2,400,000
Basis Term Loan [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument variable rate													3.85%				3.85%
Basis Term Loan [Member] | Interest Rate Cap [Member]
Debt Instrument [Line Items]
Long-term debt amount							$ 66,900,000
Debt instrument variable rate							6.125%
Basis Term Loan [Member] | Interest Rate Cap [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument variable rate							3.85%										3.50%
Derivative variable rate													3.50%
Debt instrument, effective interest rate							3.50%
Basis Term Loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Long-term debt amount													$ 66,900,000
Basis Preferred Interest [Member]
Debt Instrument [Line Items]
Maturity date	[2],[3]																Jan. 1, 2023			Jan. 1, 2023
Interest Rate	[1],[3],[4]									14.00%				14.00%			14.00%			14.00%
Debt instrument net of discount										$ 150,000				$ 112,000			$ 112,000			$ 150,000
Basis Preferred Interest [Member] | Sub-OP [Member]
Debt Instrument [Line Items]
Preferred investor investment commitment amount													$ 10,700,000
Preferred investor, capital contribution																	$ 6,900,000
Annual return percentage on initial capital contribution													14.00%
Interest percentage on excess of commitment amount													20.00%
Description on extended redemption date																	December 31, 2023 and December 31, 2024
Payment fee percentage, first extension option													0.25%
Payment fee percentage, second extension option													0.50%
Preferred Investor payments, description																	Additionally, at the Redemption Date, the Preferred Investor is entitled to an amount equal to (a) the product of (i) the aggregate amount of capital contributions made and (ii) 0.4, less (b) the aggregate amount of Class A return payments made to the Preferred Investor (the “Minimum Multiple Amount”).
Basis Preferred Interest [Member] | Sub-OP [Member] | Class A Units [Member]
Debt Instrument [Line Items]
Interest percentage in exchange of capital contribution																	1.00%
Basis Preferred Interest [Member] | Maximum [Member]
Debt Instrument [Line Items]
Preferred investor investment commitment amount													$ 10,700,000
Basis Preferred Interest Minimum Multiple Amount [Member]
Debt Instrument [Line Items]
Long-term debt outstanding										1,800,000				1,300,000			$ 1,300,000			1,800,000
Balance outstanding										$ 1,800,000				1,300,000			1,300,000			$ 1,800,000
Basis Preferred Interest Minimum Multiple Amount [Member] | Sub-OP [Member]
Debt Instrument [Line Items]
Long-term debt outstanding														1,300,000			1,300,000
Balance outstanding														$ 1,300,000			1,300,000
Other Capital Contribution [Member] | Sub-OP [Member]
Debt Instrument [Line Items]
Preferred investor, additional capital contribution					$ 500,000
Preferred units, cumulative annual return					13.00%							13.00%
MVB Loan Agreement [Member]
Debt Instrument [Line Items]
Long-term debt outstanding													6,500,000
Loan agreement deposit requirement																	$ 3,000,000
Loan agreement deposit requirement default interest charges percentage																	1.00%
Balance outstanding													$ 6,500,000
MVB Loan Agreement [Member] | MVB Revolver [Member]
Debt Instrument [Line Items]
Maturity date									Dec. 27, 2022	Dec. 27, 2021			Dec. 27, 2020				Dec. 27, 2022
Interest Rate														6.75%			6.75%
Long-term debt outstanding													$ 2,000,000
Line of credit facility, periodic payment required									$ 250,000	$ 250,000
Repayments of debt									$ 250,000
Line of credit facility, payments term									10 years	10 years
Balance outstanding													$ 2,000,000
MVB Loan Agreement [Member] | MVB Term Loan [Member]
Debt Instrument [Line Items]
Maturity date													Dec. 27, 2022
Interest Rate													6.75%
Long-term debt outstanding													$ 4,500,000
Balance outstanding													$ 4,500,000
MVB Loan Agreement [Member] | MVB Term Loan [Member] | MVB Revolver [Member]
Debt Instrument [Line Items]
Debt instrument additional borrowing available														$ 0			$ 0
MVB Loan Agreement [Member] | Prime Rate [Member] | MVB Revolver [Member]
Debt Instrument [Line Items]
Debt instrument variable rate													1.50%
MVB Loan Agreement [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt service coverage ratio														1.30%			1.30%
MVB Loan Agreement [Member] | Maximum [Member] | MVB Revolver [Member]
Debt Instrument [Line Items]
Debt service coverage ratio										1.00%										1.00%
MVB Loan Agreement [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt service coverage ratio														1.00%			1.00%
Consolidated funded debt ratio																	8.00%
Funds available under other lines of credit																	$ 5,000,000
MVB Loan Agreement [Member] | Minimum [Member] | MVB Revolver [Member]
Debt Instrument [Line Items]
Debt service coverage ratio										1.00%										1.00%
Funds available under other lines of credit										$ 3,000,000
Lamont Street Preferred Interest [Member]
Debt Instrument [Line Items]
Long-term debt outstanding														$ 900,000			$ 900,000
Description on extended redemption date																	September 30, 2024 and September 30, 2025
Payment fee percentage, first extension option																	0.25%
Payment fee percentage, second extension option																	0.50%
Preferred Investor payments, description																	Additionally, at the Lamont Street Redemption Date, Lamont Street is entitled to (i) a redemption fee of 0.50% of the capital contributions returned and (ii) an amount equal to (a) the product of (i) the aggregate amount of capital contributions made and (ii) 0.26, less (b) the aggregate amount of Lamont Street Class A Return payments made to Lamont Street (the “Lamont Street Minimum Multiple Amount”).
Percentage of redemption fee of capital contribution returned																	0.50%
Interest expense																	$ 1,000,000
Balance outstanding														$ 900,000			$ 900,000
Lamont Street Preferred Interest [Member] | Class A Units [Member]
Debt Instrument [Line Items]
Annual return percentage on initial capital contribution																	13.50%
Cumulative annual return percentage, paid current																	10.00%
Cumulative annual return percentage, accrued																	3.50%
Lamont Street Preferred Interest [Member] | Class A Units [Member] | Highlandtown [Member]
Debt Instrument [Line Items]
Preferred investor, capital contribution			$ 3,900,000
Interest percentage in exchange of capital contribution			1.00%
Lamont Street Preferred Interest [Member] | Class A Units [Member] | Spotswood [Member]
Debt Instrument [Line Items]
Preferred investor, capital contribution		$ 3,900,000
Interest percentage in exchange of capital contribution		1.00%
Lamont Street Preferred Interest [Member] | Minimum [Member] | Highlandtown [Member]
Debt Instrument [Line Items]
Preferred investor approval rights, Minimum amount of capital expenditure to be incurred																	$ 100,000
Lamont Street Preferred Interest [Member] | Minimum [Member] | Spotswood [Member]
Debt Instrument [Line Items]
Preferred investor approval rights, Minimum amount of capital expenditure to be incurred																	$ 100,000
Hollinswood Mortgage [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt service coverage ratio														1.40%			1.40%
Hollinswood Mortgage [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt service coverage ratio														1.00%			1.00%
Vista Mortgage [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt service coverage ratio														1.50%			1.50%
Vista Mortgage [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt service coverage ratio														1.00%			1.00%
Brookhill Mortgage [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt service coverage ratio														1.35%			1.35%
Brookhill Mortgage [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt service coverage ratio														1.00%			1.00%
Highlandtown Mortgage [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt service coverage ratio														1.30%			1.30%
Highlandtown Mortgage [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt service coverage ratio														1.00%			1.00%
Cromwell Mortgage [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt service coverage ratio														1.00%			1.00%
Cromwell Mortgage [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt service coverage ratio														1.00%			1.00%
Spotswood Mortgage [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt service coverage ratio														1.15%			1.15%
Spotswood Mortgage [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt service coverage ratio														1.00%			1.00%
Vista Shops at Golden Mile Loan [Member]
Debt Instrument [Line Items]
Maturity date																	Jun. 24, 2023			Jun. 24, 2023
Interest Rate									3.83%	3.83%	[1]			3.83%	[1]		3.83%	[1]		3.83%	[1]
Mortgage loan maturity period									2023-06
Principal balance of mortgage loan									$ 11,700,000
Payment of basis preferred interest									$ 1,900,000
Payment of accrued interest														$ 46,000
Payment to escrow account														1,100,000
Debt instrument net of discount														52,000			$ 52,000
Vista Shops at Golden Mile Loan [Member] | Sub-OP [Member]
Debt Instrument [Line Items]
Payment of basis preferred interest														$ 750,000
Lamar Station Plaza East [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Maturity date								Jul. 31, 2022
Lamar Station Plaza East [Member] | Maximum [Member] | Scenario Forecast [Member]
Debt Instrument [Line Items]
Debt service coverage ratio																						1.25%	1.15%	1.05%
Lamar Station Plaza East [Member] | Minimum [Member] | Scenario Forecast [Member]
Debt Instrument [Line Items]
Debt service coverage ratio																						1.00%	1.00%	1.00%
Hollinswood Loan [Member]
Debt Instrument [Line Items]
Maturity date																	Dec. 1, 2024			Dec. 1, 2024
Interest Rate	[1]									4.06%				4.06%			4.06%			4.06%
Hollinswood Loan [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument variable rate																	2.25%			2.25%
Hollinswood Loan [Member] | Interest Rate Cap [Member]
Debt Instrument [Line Items]
Debt instrument variable rate							4.06%
Hollinswood Loan [Member] | Interest Rate Swap [Member]
Debt Instrument [Line Items]
Long-term debt outstanding							$ 10,200,000
Debt instrument additional borrowing available							3,000,000
Balance outstanding							$ 10,200,000
Number of derivatives held | Derivative							2
[1]	For floating rate loans tied to LIBOR, based on the one-month LIBOR rate of 0.10%, as of June 30, 2021.
[2]	If the Basis Term Loan is paid in full earlier than its maturity date, the Basis Preferred Interest in the Sub-OP (as defined below) will mature at that time.
[3]	The outstanding balance includes approximately $1.3 — Basis Preferred Interest”.
[4]	In June 2020, the Preferred Investor made additional capital contributions of approximately $2.9 million as described below under the heading “ — Basis Preferred Interest” .

Note 6 - Mortgage and Other I_6

Note 6 - Mortgage and Other Indebtedness - Scheduled Principal Repayments and Maturities (Details) - USD ($) $ in Thousands		Jun. 30, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Remainder of 2021	[1]	$ 4,707
2022		20,914
2023		111,733
2024		13,133
2025		10,665
2026		46
Total		161,198
Unamortized debt discounts and issuance costs, net		(2,438)
Total Mortgage and Other Indebtedness		$ 158,760	$ 122,060
[1]	Includes the maturity of the Lamar Station Plaza East loan of approximately $3.5 million that was modified in July 2021 to extend the maturity date to July 2022 —Mortgage Indebtedness”.

Note 6 - Mortgage and Other I_7

Note 6 - Mortgage and Other Indebtedness - Scheduled Principal Repayments and Maturities (Parenthetical) (Details) - USD ($) $ in Millions		1 Months Ended	6 Months Ended	12 Months Ended
		Jul. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Mortgages with principal balances outstanding			$ 3.5
Lamar Station Plaza East Loan [Member]
Debt Instrument [Line Items]
Mortgages with principal balances outstanding			$ 3.5
Maturity date	[1]		Jul. 17, 2022	Jul. 17, 2022
Subsequent Event [Member] | Lamar Station Plaza East Loan [Member]
Debt Instrument [Line Items]
Maturity date		Jul. 31, 2022
[1]	In July 2021, the Company entered into a modification to the Lamar Station Plaza East loan to extend the maturity date to July 2022 as described below under the heading “ —Mortgage Indebtedness”.

Note 7 - Commitments and Cont_2

Note 7 - Commitments and Contingencies (Details Textual) $ in Millions	Apr. 01, 2020USD ($)	Jun. 30, 2021Mergershares
COVID-19 [Member]
Commitments and Contingencies [Line Items]
Deferred contractual revenue | $	$ 0.4
Deferred contractual revenue waived | $	$ 0.3
Weighted average payback period of deferred rent	7 months
Weighted average payback period description		To date, the weighted average payback period of deferred rent is approximately seven months which commences at various times beginning in July 2020 through June 2021.
MedAmerica Properties Inc. [Member]
Commitments and Contingencies [Line Items]
Number of pending mergers | Merger		3
MedAmerica Properties Inc. [Member] | Common Stock [Member]
Commitments and Contingencies [Line Items]
Equity interest issued as consideration for the mergers | shares		4,069,621
MedAmerica Properties Inc. [Member] | OP Units [Member]
Commitments and Contingencies [Line Items]
Equity interest issued as consideration for the mergers | shares		573,529

Note 8 - Equity (Details Textua

Note 8 - Equity (Details Textual) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Jun. 04, 2021	Dec. 31, 2020
Class Of Stock [Line Items]
Common stock, shares authorized	50,000,000	50,000,000		50,000,000
Awards outstanding	70,000	70,000
Restricted Stock Awards [Member]
Class Of Stock [Line Items]
Stock-based award activity	213,545	213,545		153,200
Shares surrendered to satisfy tax obligations		7,136
Compensation expense related to these share-based payments	$ 0.1	$ 0.1
Unrecognized costs from stock-based awards	$ 0.2	$ 0.2
Unrecognized compensation cost recognition period		8 months 12 days
2020 Equity Incentive Plan [Member]
Class Of Stock [Line Items]
Common stock shares available for issuance	3,620,000	3,620,000
Common stock, shares authorized	3,376,283	3,376,283
2020 Equity Incentive Plan [Member] | Restricted Stock Awards [Member]
Class Of Stock [Line Items]
Stock-based award activity	0	0
Operating Partnership [Member]
Class Of Stock [Line Items]
Operating partnership percentage		91.10%
Percentage of collectively owned in operating partnership by investors		8.90%
Operating partnership units redeemed		0
Lamont Street [Member]
Class Of Stock [Line Items]
Warrants to purchase of common stock			200,000
Warrants to purchase of common stock, Exercise price			$ 2.50

Note 8 - Equity - Summary of St

Note 8 - Equity - Summary of Stock-Based Award Activity (Detail) - Restricted Stock Awards [Member]	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted Stock Awards, Beginning of the period | shares	153,200
Restricted Stock Awards, Granted | shares	90,517
Restricted Stock Awards, Vested | shares	(30,172)
Restricted Stock Awards, Ending of the period | shares	213,545
Weighted-Average Grant Date Fair Value Per Restricted Stock Award, Beginning of the period | $ / shares	$ 0.55
Weighted-Average Grant Date Fair Value Per Restricted Stock Award, Granted | $ / shares	2.95
Weighted-Average Grant Date Fair Value Per Restricted Stock Award, Vested | $ / shares	2.95
Weighted-Average Grant Date Fair Value Per Restricted Stock Award, Ending of the period | $ / shares	$ 1.23

Note 8 - Equity - Summary of Op

Note 8 - Equity - Summary of Option Awards (Detail) - $ / shares	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares Underlying Options	70,000
MedAmerica [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares Underlying Options	70,000	70,000	70,000	70,000
Weighted Average Exercise Price Per Share	$ 7.71	$ 7.71	$ 7.71	$ 7.71
Weighted Average Remaining Contractual Life	1 year 3 months 3 days	2 years 3 months 3 days	1 year 9 months 3 days	2 years 9 months 3 days

Note 9 - Revenues - Summary of

Note 9 - Revenues - Summary of Disaggregation of Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation Of Revenue [Line Items]
Rental income	$ 4,816	$ 3,645	$ 8,754	$ 7,791
Sublease income		8		16
Total Out of Scope of Topic 606 revenue	4,816	3,653	8,754	7,807
Total revenues	5,698	4,185	10,616	9,309
Accounting Standards Update 2014-09 [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	882	532	1,862	1,502
Leasing Commissions [Member] | Accounting Standards Update 2014-09 [Member] | Point in Time [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	477	224	1,066	815
Property and Asset Management Fees [Member] | Accounting Standards Update 2014-09 [Member] | Over Time [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	149	151	346	342
Development Fees [Member] | Accounting Standards Update 2014-09 [Member] | Over Time [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	88	88	177	181
Engineering Services [Member] | Accounting Standards Update 2014-09 [Member] | Over Time [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	74	65	133	141
Sales Commissions [Member] | Accounting Standards Update 2014-09 [Member] | Point in Time [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	$ 94		$ 140	19
Equity Fees [Member] | Accounting Standards Update 2014-09 [Member] | Point in Time [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue		$ 4		$ 4

Note 9 - Revenues - Summary o_2

Note 9 - Revenues - Summary of Minimum Cash Rental Payments Due in Future Periods Under Executed Non-cancelable Operating Leases (Details) $ in Thousands	Jun. 30, 2021USD ($)
Lessor Operating Lease Payments Fiscal Year Maturity [Abstract]
Remainder of 2021	$ 8,507
2022	16,644
2023	15,167
2024	12,284
2025	10,062
2026	7,680
Thereafter	19,747
Total	$ 90,091

Note 10 - Earnings Per Share (D

Note 10 - Earnings Per Share (Details Textual)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Common stock conversion basis	one-for-one basis

Note 10 - Earnings Per Share -

Note 10 - Earnings Per Share - Schedule of Computation of Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Numerator:
Net loss	$ (3,129)	$ (1,942)	$ (2,483)	$ (2,436)	$ (5,071)	$ (4,919)
Plus: Net loss attributable to noncontrolling interest	399		369		664	730
Net loss attributable to common stockholders	$ (2,730)		$ (2,114)		$ (4,407)	$ (4,189)
Weighted average shares outstanding
Basic weighted-average common shares	24,831		21,587		23,658	21,587
Diluted weighted-average common shares	24,831		21,587		23,658	21,587
Net loss per common share- basic and diluted	$ (0.11)		$ (0.10)		$ (0.19)	$ (0.19)

Note 11 - Fair Value of Finan_2

Note 11 - Fair Value of Financial Instruments (Details Textual) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Variable Interest Rate [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt instrument, fair value	$ 106,400,000	$ 101,900,000
Fixed Interest Rate [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt instrument, fair value	53,800,000	21,600,000
Debt instrument, estimated fair value	53,500,000	21,100,000
Interest Rate Swap [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value of interest rate swap liability	500,000	700,000
Maximum [Member] | Interest Rate Cap [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value of interest rate cap assets	$ 100,000	$ 100,000

Note 12 - Taxes (Details Textua

Note 12 - Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income tax benefit	$ (1,019)	$ (784)	$ (1,643)	$ (1,553)
Effective tax rate	24.50%	24.00%	24.50%	24.00%

Note 13 - Related Party Transac

Note 13 - Related Party Transactions - (Details Textual)	Dec. 27, 2020Mergershares	Jun. 30, 2021USD ($)property	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)property	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)	Jan. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Related Party Transaction [Line Items]
Receivables due from related parties | $		$ 400,000		$ 400,000		$ 500,000
Revenue from related parties | $		$ 300,000	$ 400,000	$ 800,000	$ 800,000
Number of properties to be acquired | property		3		3
Ground lease revenues | $		$ 5,698,000	4,185,000	$ 10,616,000	9,309,000
BBL Property [Member]
Related Party Transaction [Line Items]
Ownership interest percentage		0.00%		0.00%
Broad Street Entities [Member]
Related Party Transaction [Line Items]
Number of Mergers Remaining | Merger	3
Thomas M. Yockey [Member] | Broad Street Entities [Member] | Common Stock [Member]
Related Party Transaction [Line Items]
Equity interest issued as consideration for the mergers	2,366,950
Remaining equity interest issued as consideration for the mergers	184,685
Thomas M. Yockey [Member] | Broad Street Entities [Member] | OP units [Member]
Related Party Transaction [Line Items]
Equity interest issued as consideration for the mergers	420,523
Remaining equity interest issued as consideration for the mergers	136,213
Michael Z. Jacoby [Member] | Broad Street Entities [Member] | Common Stock [Member]
Related Party Transaction [Line Items]
Equity interest issued as consideration for the mergers	2,366,950
Remaining equity interest issued as consideration for the mergers	184,685
Michael Z. Jacoby [Member] | Broad Street Entities [Member] | OP units [Member]
Related Party Transaction [Line Items]
Equity interest issued as consideration for the mergers	856,805
Remaining equity interest issued as consideration for the mergers	136,213
Alexander Topchy [Member] | Broad Street Entities [Member] | Common Stock [Member]
Related Party Transaction [Line Items]
Equity interest issued as consideration for the mergers	120,584
Remaining equity interest issued as consideration for the mergers	18,695
Alexander Topchy [Member] | Broad Street Entities [Member] | OP units [Member]
Related Party Transaction [Line Items]
Equity interest issued as consideration for the mergers	48,320
Remaining equity interest issued as consideration for the mergers	14,338
Daniel J.W. Neal [Member] | Broad Street Entities [Member] | Common Stock [Member]
Related Party Transaction [Line Items]
Equity interest issued as consideration for the mergers	774,189
Remaining equity interest issued as consideration for the mergers	120,431
Samuel M. Spiritos [Member] | Broad Street Entities [Member] | Common Stock [Member]
Related Party Transaction [Line Items]
Equity interest issued as consideration for the mergers	13,827
Maximum [Member]
Related Party Transaction [Line Items]
Percentage of management fee				4.00%
Maximum [Member] | Cromwell Field Shopping Center [Member]
Related Party Transaction [Line Items]
Ground lease revenues | $		$ 100,000	100,000	$ 100,000	100,000
Minimum [Member]
Related Party Transaction [Line Items]
Percentage of management fee				3.00%
Timbergate Ventures, LLC [Member] | Thomas M. Yockey [Member]
Related Party Transaction [Line Items]
Related party consulting agreement term				2 years
Related party consulting fees | $				$ 200,000
Related party general and administrative expenses | $		50,000	50,000	100,000	100,000
Shulman Rogers LLP [Member] | Maximum [Member] | Samuel M. Spiritos [Member]
Related Party Transaction [Line Items]
Related party legal fees | $		200,000	$ 100,000	200,000	$ 100,000
Other Assets, Net [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Receivables due from related parties | $		100,000		100,000
Other Assets, Net [Member] | Due from Properties Managed by Company [Member]
Related Party Transaction [Line Items]
Receivables due from related parties | $						200,000
Payables Due to Related Parties [Member] | Due to Properties Managed by Company [Member] | Borrowed by Company for Working Capital [Member]
Related Party Transaction [Line Items]
Payables due to related parties | $						$ 700,000
Payables Due to Related Parties [Member] | Due to Properties Managed by Company [Member] | Borrowed by Company for Working Capital [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Payables due to related parties | $		100,000		100,000
Accounts Payable and Accrued Expenses [Member] | BSR [Member] | Thomas M. Yockey [Member]
Related Party Transaction [Line Items]
Consideration to be paid in exchange for repurchasing ownership interest | $								$ 1,500,000
Consideration paid in exchange for repurchasing ownership interest | $							$ 1,000,000
Consideration payable in exchange for repurchasing ownership interest | $		$ 500,000		$ 500,000