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Note 3 - Real Estate (Tables) | 9 Months Ended
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Sep. 30, 2023
Notes Tables |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
|  |  |  | Purchase Price |
Property Name | Location | Month Acquired |  | Cash |  |  | Debt |  |  | Other |  |  | Total |  |  | GLA* |
Portfolio (2 properties) (1) | Various | Jan-23 |  | $ | 69,130 |  |  | $ | 19,637 |  |  | $ | 13,019 |  |  | $ | 101,786 |  |  |  | 342 |
Crossroads Plaza Parcel | Cary, NC | Jan-23 |  |  | 2,173 |  |  |  | - |  |  |  | - |  |  |  | 2,173 |  |  |  | 5 |
Northridge Shopping Center Parcel | Arvada, CO | Jan-23 |  |  | 728 |  |  |  | - |  |  |  | - |  |  |  | 728 |  |  |  | 57 |
Stafford Marketplace Parcel (2) | Stafford, VA | Feb-23 |  |  | - |  |  |  | - |  |  |  | 12,527 |  |  |  | 12,527 |  |  |  | 87 |
Tustin Heights (1) | Tustin, CA | Mar-23 |  |  | 26,501 |  |  |  | 17,550 |  |  |  | 4,910 |  |  |  | 48,961 |  |  |  | 137 |
Marlton Plaza Parcel | Cherry Hill, NJ | Jul-23 |  |  | 529 |  |  |  | - |  |  |  | - |  |  |  | 529 |  |  |  | - |
Stonebridge at Potomac Town Center | Woodbridge, VA | Aug-23 |  |  | 169,840 |  |  |  | - |  |  |  | 1,667 |  |  |  | 171,507 |  |  |  | 504 |
|  |  |  | $ | 268,901 |  |  | $ | 37,187 |  |  | $ | 32,123 |  |  | $ | 338,211 |  |  |  | 1,132 |
Property Name | Location | Month Acquired |  | Purchase Price |  |  | GLA |
Ranchos San Marcos Parcel | San Marcos, CA | Jan-22 |  | $ | 2,407 |  |  |  | 6 |
Columbia Crossing Parcel | Columbia, MD | Feb-22 |  |  | 16,239 |  |  |  | 60 |
Oak Forest Parcel | Houston, TX | Jun-22 |  |  | 3,846 |  |  |  | 4 |
Devon Village (1) | Devon, PA | Jun-22 |  |  | 733 |  |  |  | - |
Fishtown Crossing | Philadelphia, PA | Jul-22 |  |  | 39,291 |  |  |  | 133 |
Carman’s Plaza | Massapequa, NY | Jul-22 |  |  | 51,423 |  |  |  | 195 |
Pike Center (1) | Rockville, MD | Jul-22 |  |  | 21,850 |  |  |  | - |
|  |  |  | $ | 135,789 |  |  |  | 398 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | Allocation as of September 30, 2023 |  |  | Weighted Average Amortization Period (in Years) |  |  | Allocation as of September 30, 2022 |  |  | Weighted Average Amortization Period (in Years) |
Land |  | $ | 103,836 |  |  |  | n/a |  |  | $ | 64,480 |  |  |  | n/a |
Building |  |  | 161,667 |  |  |  | 50.0 |  |  |  | 58,800 |  |  |  | 50.0 |
Building improvements |  |  | 22,282 |  |  |  | 45.0 |  |  |  | 4,480 |  |  |  | 45.0 |
Tenant improvements |  |  | 22,475 |  |  |  | 6.4 |  |  |  | 4,963 |  |  |  | 6.9 |
Solar panels |  |  | - |  |  |  | n/a |  |  |  | 2,308 |  |  |  | 20.0 |
In-place leases |  |  | 47,290 |  |  |  | 5.3 |  |  |  | 7,249 |  |  |  | 6.4 |
Above-market leases |  |  | 4,981 |  |  |  | 6.7 |  |  |  | 199 |  |  |  | 3.8 |
Below-market leases |  |  | (25,129 | ) |  |  | 21.6 |  |  |  | (6,690 | ) |  |  | 14.2 |
Other assets |  |  | 1,777 |  |  |  | n/a |  |  |  | - |  |  |  | n/a |
Other liabilities |  |  | (968 | ) |  |  | n/a |  |  |  | - |  |  |  | n/a |
Net assets acquired |  | $ | 338,211 |  |  |  |  |  |  | $ | 135,789 |  |  |  |  |
Disposal Groups, Including Discontinued Operations [Table Text Block] |
|  | Nine Months Ended September 30, |
|  | 2023 |  |  | 2022 |
Aggregate sales price/gross fair value (1) (2) (3) |  | $ | 175.0 |  |  | $ | 172.2 |
Gain on sale of properties (4) |  | $ | 52.4 |  |  | $ | 11.0 |
Number of properties sold |  |  | 4 |  |  |  | 8 |
Number of parcels sold/deconsolidated (1) |  |  | 11 |  |  |  | 10 |

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