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Subsequent Events
3 Months Ended
Mar. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events

 


 

15. Subsequent Events 

Dispositions

On April 2, 2021, Fund IV entered into an agreement to sell its Airport Mall, Shaw’s North Windham, Shaw’s Waterville and Wells Plaza properties for a total of $40.4 million.

Debt Extensions

On April 6, 2021 Fund IV extended the maturity of the $23.1 million mortgage on its Lincoln Place property to March 13, 2022.

On April 27, 2021, Fund IV extended the maturity of the $18.5 million mortgage on an unconsolidated property, 650 Bald Hill Road, to June 27, 2021.

Fund V Extension

As of April 8, 2021, Fund V’s investment period was extended by one year to August 25, 2022.

Note Receivable

On April 20, 2021, the Company issued a note for $16.0 million to the partner of its MCB venture, collateralized by real estate.