XML 55 R45.htm IDEA: XBRL DOCUMENT v3.22.2.2
VARIABLE INTEREST ENTITIES, CONTINGENT LIABILITY AND CONSOLIDATED JOINT VENTURES - Consolidated Joint Ventures (Details)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
USD ($)
item
Dec. 31, 2021
USD ($)
Consolidated VIEs Carrying Amount of Assets and Liabilities    
Land $ 181,086 $ 180,183
Unbilled rent receivable 15,285 14,330
Unamortized intangible lease assets, net 19,594 20,694
Escrow, deposits and other assets and receivables 17,202 13,346
Mortgages payable, net of unamortized deferred financing costs of $174 and $195, respectively 402,760 396,344
Accrued expenses and other liabilities 18,212 18,992
Unamortized intangible lease liabilities, net 10,560 10,407
Accumulated other comprehensive income (loss) 1,855 (1,513)
Non-controlling interests in consolidated joint ventures [1] 959 946
Mortgages payable    
Consolidated VIEs Carrying Amount of Assets and Liabilities    
Mortgages payable, net of unamortized deferred financing costs of $174 and $195, respectively 402,760 396,344
Unamortized deferred financing costs $ 3,404 3,316
Consolidated Joint Venture-VIEs    
Variable Interest Entities    
Number of joint ventures with controlling interest | item 3  
Consolidated VIEs Carrying Amount of Assets and Liabilities    
Land $ 10,365 10,365
Buildings and improvements, net of accumulated depreciation of $3,525 and $4,957, respectively 17,916 18,472
Accumulated depreciation 5,481 4,957
Cash 941 1,134
Unbilled rent receivable 1,058 1,020
Unamortized intangible lease assets, net 491 548
Escrow, deposits and other assets and receivables 808 878
Mortgages payable, net of unamortized deferred financing costs of $174 and $195, respectively 18,676 19,193
Accrued expenses and other liabilities 472 875
Unamortized intangible lease liabilities, net 437 475
Accumulated other comprehensive income (loss) 21 (33)
Non-controlling interests in consolidated joint ventures $ 959 946
Consolidated Joint Venture-VIEs | Minimum    
Variable Interest Entities    
Ownership interest in consolidated joint venture of the company (as a percent) 90.00%  
Consolidated Joint Venture-VIEs | Maximum    
Variable Interest Entities    
Ownership interest in consolidated joint venture of the company (as a percent) 95.00%  
Consolidated Joint Venture-VIEs | Mortgages payable    
Consolidated VIEs Carrying Amount of Assets and Liabilities    
Unamortized deferred financing costs $ 163 $ 195
[1] The Company’s consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”). See Note 6. The consolidated balance sheets include the following amounts related to the Company’s consolidated VIEs: $10,365 and $10,365 of land, $17,916 and $18,472 of building and improvements, net of $5,481 and $4,957 of accumulated depreciation, $3,298 and $3,580 of other assets included in other line items, $18,676 and $19,193 of real estate debt, net, $909 and $1,350 of other liabilities included in other line items and $959 and $946 of non-controlling interests as of September 30, 2022 and December 31, 2021, respectively.