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Summary of Significant Accounting Policies | 9 Months Ended
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Sep. 30, 2023
Accounting Policies [Abstract] |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies: Basis of Presentation: The accompanying consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. They do not include all of the information and footnotes required by GAAP for complete financial statements and have not been audited by an independent registered public accounting firm. The Company's sole significant asset is its investment in the Operating Partnership and as a result, substantially all of the Company's assets and liabilities represent the assets and liabilities of the Operating Partnership. In addition, the Operating Partnership has investments in a number of consolidated variable interest entities ("VIEs"), including Fashion District Philadelphia and SanTan Village Regional Center. The Operating Partnership's consolidated VIEs included the following assets and liabilities:
| September 30, 2023 |  | December 31, 2022
Assets: |  |  |
Property, net | $ | 444,613 |  |  | $ | 452,559 |
Other assets | 94,602 |  |  | 93,102 |
Total assets | $ | 539,215 |  |  | $ | 545,661 |
Liabilities: |  |  |
Mortgage notes payable | $ | 292,688 |  |  | $ | 323,841 |
Other liabilities | 124,972 |  |  | 135,340 |
Total liabilities | $ | 417,660 |  |  | $ | 459,181 |
All intercompany accounts and transactions have been eliminated in the consolidated financial statements. 2. Summary of Significant Accounting Policies: (Continued) The unaudited interim consolidated financial statements should be read in conjunction with the Company's audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2022. In the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the consolidated financial statements for the interim periods have been made. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The accompanying consolidated balance sheet as of December 31, 2022 has been derived from the audited financial statements but does not include all disclosures required by GAAP. The following table presents a reconciliation of the beginning of period and end of period cash, cash equivalents and restricted cash reported on the Company's consolidated balance sheets to the totals shown on its consolidated statements of cash flows:
| For the Nine Months Ended September 30,
| 2023 |  | 2022
Beginning of period |  |  |
Cash and cash equivalents | $ | 100,320 |  |  | $ | 112,454 |
Restricted cash | 80,819 |  |  | 54,517 |
Cash, cash equivalents and restricted cash | $ | 181,139 |  |  | $ | 166,971 |
End of period |  |  |
Cash and cash equivalents | $ | 111,802 |  |  | $ | 109,991 |
Restricted cash | 96,332 |  |  | 54,984 |
Cash, cash equivalents and restricted cash | $ | 208,134 |  |  | $ | 164,975 |

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- Definition The entire disclosure for the basis of presentation and significant accounting policies concepts. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). Accounting policies describe all significant accounting policies of the reporting entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 235 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//235/tableOfContent + Details
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