XML 74 R61.htm IDEA: XBRL DOCUMENT v3.22.4
VARIABLE INTEREST ENTITIES, CONTINGENT LIABILITY AND CONSOLIDATED JOINT VENTURES - Consolidated Joint Ventures (Details)
 12 Months Ended
Dec. 31, 2022
USD ($)
item
Dec. 31, 2021
USD ($)
Consolidated VIEs carrying amount of assets and liabilities    
Land $ 181,805,000 $ 180,183,000
Unbilled rent receivable 16,079,000 14,330,000
Unamortized intangible lease assets, net 19,841,000 20,694,000
Escrow, deposits and other assets and receivables 23,764,000 13,346,000
Mortgages payable, net of unamortized deferred financing costs of $174 and $195, respectively 405,162,000 396,344,000
Accrued expenses and other liabilities 19,270,000 18,992,000
Unamortized intangible lease liabilities, net 11,125,000 10,407,000
Accumulated other comprehensive income (loss) 1,810,000 (1,513,000)
Non-controlling interests in consolidated joint ventures [1] 972,000 946,000
Mortgages payable    
Consolidated VIEs carrying amount of assets and liabilities    
Mortgages payable, net of unamortized deferred financing costs of $174 and $195, respectively 405,162,000 396,344,000
Unamortized deferred financing costs $ 3,355,000 3,316,000
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 $ 10,365,000 10,365,000
Buildings and improvements, net of accumulated depreciation of $3,525 and $4,957, respectively 17,870,000 18,472,000
Accumulated depreciation 5,670,000 4,957,000
Cash 1,163,000 1,134,000
Unbilled rent receivable 1,111,000 1,020,000
Unamortized intangible lease assets, net 472,000 548,000
Escrow, deposits and other assets and receivables 772,000 878,000
Mortgages payable, net of unamortized deferred financing costs of $174 and $195, respectively 18,500,000 19,193,000
Accrued expenses and other liabilities 711,000 875,000
Unamortized intangible lease liabilities, net 424,000 475,000
Accumulated other comprehensive income (loss) 22,000 (33,000)
Non-controlling interests in consolidated joint ventures $ 972,000 946,000
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 $ 152,000 $ 195,000
[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, $17,870 and $18,472 of building and improvements, net of $5,670 and $4,957 of accumulated depreciation, $3,518 and $3,580 of other assets included in other line items, $18,500 and $19,193 of real estate debt, net, $1,135 and $1,350 of other liabilities included in other line items, and $972 and $946 of non-controlling interests as of December 31, 2022 and 2021, respectively.