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Note 4 - Property Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2022
Notes Tables |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
|  |  |  |  |  |  |  |  |  | Purchase Price |  |  |  |  |
Property Name |  | Location |  |  | Month Acquired |  |  | Cash |  |  | Debt |  |  | Other |  |  | Total |  |  | GLA* |
Rancho San Marcos Parcel |  | San Marcos, CA |  |  | Jan-22 |  |  | $ | 2,407 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,407 |  |  |  | 6 |
Columbia Crossing Parcel |  | Columbia, MD |  |  | Feb-22 |  |  |  | 16,239 |  |  |  | - |  |  |  | - |  |  |  | 16,239 |  |  |  | 60 |
Oak Forest Parcel |  | Houston, TX |  |  | Jun-22 |  |  |  | 3,846 |  |  |  | - |  |  |  | - |  |  |  | 3,846 |  |  |  | 4 |
Devon Village (1) |  | Devon, PA |  |  | Jun-22 |  |  |  | 733 |  |  |  | - |  |  |  | - |  |  |  | 733 |  |  |  | - |
Fishtown Crossing |  | Philadelphia, PA |  |  | Jul-22 |  |  |  | 39,291 |  |  |  | - |  |  |  | - |  |  |  | 39,291 |  |  |  | 133 |
Carman’s Plaza |  | Massapequa, NY |  |  | Jul-22 |  |  |  | 51,423 |  |  |  | - |  |  |  | - |  |  |  | 51,423 |  |  |  | 195 |
Pike Center (1) |  | Rockville, MD |  |  | Jul-22 |  |  |  | 21,850 |  |  |  | - |  |  |  | - |  |  |  | 21,850 |  |  |  | - |
Baybrook Gateway (1) |  | Webster, TX |  |  | Oct-22 |  |  |  | 2,978 |  |  |  | - |  |  |  | - |  |  |  | 2,978 |  |  |  | - |
Portfolio (8 Properties) (2) |  | Long Island, NY |  |  | Nov-22 |  |  |  | 152,078 |  |  |  | 88,792 |  |  |  | 135,663 |  |  |  | 376,533 |  |  |  | 536 |
Gordon Plaza (1) |  | Woodbridge, VA |  |  | Nov-22 |  |  |  | 5,573 |  |  |  | - |  |  |  | - |  |  |  | 5,573 |  |  |  | - |
The Gardens at Great Neck (1) |  | Great Neck, NY |  |  | Dec-22 |  |  |  | 4,019 |  |  |  | - |  |  |  | - |  |  |  | 4,019 |  |  |  | - |
|  |  |  |  |  |  |  |  |  | $ | 300,437 |  |  | $ | 88,792 |  |  | $ | 135,633 |  |  | $ | 524,892 |  |  |  | 934 |
|  |  |  |  |  |  |  |  |  | Purchase Price |  |  |  |  |
Property Name |  | Location |  |  | Month Acquired/ Consolidated |  |  | Cash |  |  | Debt |  |  | Other |  |  | Total |  |  | GLA |
Distribution Center #1 (1) |  | Lancaster, CA |  |  | Jan-21 |  |  | $ | 58,723 |  |  | $ | - |  |  | $ | 11,277 |  |  | $ | 70,000 |  |  |  | 927 |
Distribution Center #2 (1) |  | Woodland, CA |  |  | Jan-21 |  |  |  | 27,589 |  |  |  | - |  |  |  | 6,411 |  |  |  | 34,000 |  |  |  | 508 |
Jamestown Portfolio (6 properties) (2) |  | Various |  |  | Oct-21 |  |  |  | 172,899 |  |  |  | 170,000 |  |  |  | 87,094 |  |  |  | 429,993 |  |  |  | 1,226 |
KimPru Portfolio (2 properties) (2) |  | Various |  |  | Oct-21 |  |  |  | 61,705 |  |  |  | 64,169 |  |  |  | 15,212 |  |  |  | 141,086 |  |  |  | 478 |
Columbia Crossing Parcel |  | Columbia, MD |  |  | Oct-21 |  |  |  | 12,600 |  |  |  | - |  |  |  | - |  |  |  | 12,600 |  |  |  | 45 |
Centro Arlington (2) |  | Arlington, VA |  |  | Nov-21 |  |  |  | 24,178 |  |  |  | - |  |  |  | 184,850 |  |  |  | 209,028 |  |  |  | 72 |
|  |  |  |  |  |  |  |  |  | $ | 357,694 |  |  | $ | 234,169 |  |  | $ | 304,844 |  |  | $ | 896,707 |  |  |  | 3,256 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | Allocation as of December 31, 2022 |  |  | Weighted- Average Useful Life (in Years) |  |  | Allocation as of December 31, 2021 |  |  | Weighted- Average Useful Life (in Years) |
Land |  | $ | 207,067 |  |  |  | n/a |  |  | $ | 154,320 |  |  |  | n/a |
Buildings |  |  | 271,525 |  |  |  | 50.0 |  |  |  | 679,646 |  |  |  | 50.0 |
Building improvements |  |  | 13,273 |  |  |  | 45.0 |  |  |  | 18,476 |  |  |  | 45.0 |
Tenant improvements |  |  | 11,689 |  |  |  | 7.9 |  |  |  | 16,391 |  |  |  | 8.5 |
Solar panels |  |  | 2,308 |  |  |  | 20.0 |  |  |  | - |  |  |  | n/a |
In-place leases |  |  | 28,405 |  |  |  | 6.9 |  |  |  | 48,648 |  |  |  | 9.1 |
Above-market leases |  |  | 8,408 |  |  |  | 8.3 |  |  |  | 6,581 |  |  |  | 6.5 |
Below-market leases |  |  | (24,069 | ) |  |  | 16.1 |  |  |  | (39,712 | ) |  |  | 38.9 |
Mortgage fair value adjustment |  |  | 9,430 |  |  |  | 6.5 |  |  |  | - |  |  |  | n/a |
Other assets |  |  | - |  |  |  | n/a |  |  |  | 21,331 |  |  |  | n/a |
Other liabilities |  |  | (3,144) |  |  |  | n/a |  |  |  | (8,974 | ) |  |  | n/a |
Net assets acquired/consolidated |  | $ | 524,892 |  |  |  |  |  |  | $ | 896,707 |  |  |  |  |

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