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Note 3 - Property Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2023
Notes Tables |
Asset 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 |  |
Big 5 Factoria Parcel | Bellevue, WA | Oct-23 |  |  | 7,817 |  |  |  | - |  |  |  | - |  |  |  | 7,817 |  |  | 13 |  |
|  |  |  | $ | 276,718 |  |  | $ | 37,187 |  |  | $ | 32,123 |  |  | $ | 346,028 |  |  | 1,145 |  |
|  | Month |  | Purchase Price |  |  |  |  |
Property Name | Location | 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 |  |  | $ | 135,663 |  |  | $ | 524,892 |  |  |  | 934 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | Allocation as of December 31, 2023 |  |  | Weighted- Average Useful Life (in Years) |  |  | Allocation as of December 31, 2022 |  |  | Weighted- Average Useful Life (in Years) |
Land |  | $ | 109,116 |  |  |  | n/a |  |  | $ | 207,067 |  |  |  | n/a |
Buildings |  |  | 166,067 |  |  |  | 50.0 |  |  |  | 271,525 |  |  |  | 50.0 |
Building improvements |  |  | 23,846 |  |  |  | 45.0 |  |  |  | 13,273 |  |  |  | 45.0 |
Tenant improvements |  |  | 22,675 |  |  |  | 6.3 |  |  |  | 11,689 |  |  |  | 7.9 |
Solar panels |  |  | - |  |  |  | - |  |  |  | 2,308 |  |  |  | 20.0 |
In-place leases |  |  | 47,805 |  |  |  | 5.2 |  |  |  | 28,405 |  |  |  | 6.9 |
Above-market leases |  |  | 4,981 |  |  |  | 6.7 |  |  |  | 8,408 |  |  |  | 8.3 |
Below-market leases |  |  | (29,271 | ) |  |  | 23.7 |  |  |  | (24,069 | ) |  |  | 16.1 |
Mortgage fair value adjustment |  |  | - |  |  |  | - |  |  |  | 9,430 |  |  |  | 6.5 |
Other assets |  |  | 1,777 |  |  |  | n/a |  |  |  | - |  |  |  | n/a |
Other liabilities |  |  | (968 | ) |  |  | n/a |  |  |  | (3,144 | ) |  |  | n/a |
Net assets acquired/consolidated |  | $ | 346,028 |  |  |  |  |  |  | $ | 524,892 |  |  |  |  |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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