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CONTINGENCIES (Tables) | 12 Months Ended
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Dec. 31, 2021
Commitments And Contingencies Disclosure [Abstract] |
Schedule of Guarantees | The following table represents the Operating Partnership's guarantees of unconsolidated affiliates' debt as reflected in the Successor Company’s accompanying consolidated balance sheets as of December 31, 2021 and as reflected in the Predecessor Company’s accompanying consolidated balance sheets as of December 31, 2020:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Successor |  |  |  | Predecessor |
|  | As of December 31, 2021 |  |  | Obligation recorded to reflect guaranty |  |  |  | Obligation recorded to reflect guaranty |
Unconsolidated Affiliate |  | Company's Ownership Interest |  |  | Outstanding Balance |  |  | Percentage Guaranteed by the Operating Partnership |  |  |  | Maximum Guaranteed Amount |  |  | Debt Maturity Date (1) |  |  | December 31, 2021 |  |  |  | December 31, 2020 |
West Melbourne I, LLC - Phase I |  | 50% |  |  | $ | 39,017 |  |  | 50% |  |  |  | $ | 19,509 |  |  | Feb-2025 | (2) |  | $ | 195 |  |  |  | $ | 201 |
West Melbourne I, LLC - Phase II |  | 50% |  |  |  | 13,893 |  |  | 50% |  |  |  |  | 6,947 |  |  | Feb-2025 | (2) |  |  | 69 |  |  |  |  | 72 |
Port Orange I, LLC |  | 50% |  |  |  | 51,548 |  |  | 50% |  |  |  |  | 25,774 |  |  | Feb-2025 | (2) |  |  | 258 |  |  |  |  | 266 |
Ambassador Infrastructure, LLC |  | 65% |  |  |  | 8,250 |  |  | 100% |  |  |  |  | 8,250 |  |  | Mar-2025 |  |  |  | 83 |  |  |  |  | 94 |
Shoppes at Eagle Point, LLC |  | 50% |  |  |  | 33,884 |  |  | 35% |  | (3) |  |  | 12,740 |  |  | Oct-2022 |  |  |  | 127 |  |  |  |  | 127 |
EastGate Storage, LLC (4) |  | —% |  |  |  | — |  |  | —% |  |  |  |  | — |  |  | N/A |  |  |  | — |  |  |  |  | 33 |
Self Storage at Mid Rivers, LLC (4) |  | —% |  |  |  | — |  |  | —% |  |  |  |  | — |  |  | N/A |  |  |  | — |  |  |  |  | 30 |
Parkdale Self Storage, LLC (4) |  | —% |  |  |  | — |  |  | —% |  |  |  |  | — |  |  | N/A |  |  |  | — |  |  |  |  | 65 |
Hamilton Place Self Storage, LLC (4) |  | —% |  |  |  | — |  |  | —% |  |  |  |  | — |  |  | N/A |  |  |  | — |  |  |  |  | 35 |
Atlanta Outlet JV, LLC |  | 50% |  |  |  | 4,471 |  |  | 100% |  |  |  |  | 4,471 |  |  | Nov-2023 |  |  |  | — |  |  |  |  | — |
Louisville Outlet Shoppes, LLC |  | 50% |  |  |  | 8,097 |  |  | 100% |  |  |  |  | 8,097 |  |  | Oct-2022 |  |  |  | — |  |  |  |  | — |
Total guaranty liability |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 732 |  |  |  | $ | 923 |
(1) | Excludes any extension options.
(2) | These loans have a one-year extension option at the joint venture’s election.
(3) | The guaranty is for a fixed amount of $12,740 throughout the term of the loan.
(4) | In December 2021, the property secured by the loan was sold. Proceeds from the transaction were used to pay off the outstanding amount of the loan. See Note 9 for additional information.

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