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CONTINGENCIES (Tables)

12 Months Ended

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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Tabular disclosure of the loss contingencies that were reported in the period or disclosed as of the balance sheet date.

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