XML 55 R44.htm IDEA: XBRL DOCUMENT v3.23.2
VARIABLE INTEREST ENTITIES, CONTINGENT LIABILITY AND CONSOLIDATED JOINT VENTURES - Consolidated Joint Ventures (Details)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
USD ($)
item
Dec. 31, 2022
USD ($)
Consolidated VIEs Carrying Amount of Assets and Liabilities    
Land $ 180,800 $ 181,805
Unbilled rent receivable 17,060 16,079
Unamortized intangible lease assets, net 17,298 19,841
Escrow, deposits and other assets and receivables 20,938 23,764
Mortgages payable, net of unamortized deferred financing costs of $131 and $152, respectively 415,695 405,162
Accrued expenses and other liabilities 18,458 19,270
Unamortized intangible lease liabilities, net 10,522 11,125
Accumulated other comprehensive income 1,543 1,810
Non-controlling interests in consolidated joint ventures [1] 997 972
Mortgages payable    
Consolidated VIEs Carrying Amount of Assets and Liabilities    
Mortgages payable, net of unamortized deferred financing costs of $131 and $152, respectively 415,695 405,162
Unamortized deferred financing costs $ 3,409 3,355
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 $6,046 and $5,670, respectively 17,880 17,870
Accumulated depreciation 6,046 5,670
Cash 803 1,163
Unbilled rent receivable 1,082 1,111
Unamortized intangible lease assets, net 434 472
Escrow, deposits and other assets and receivables 943 772
Mortgages payable, net of unamortized deferred financing costs of $131 and $152, respectively 18,141 18,500
Accrued expenses and other liabilities 628 711
Unamortized intangible lease liabilities, net 399 424
Accumulated other comprehensive income 15 22
Non-controlling interests in consolidated joint ventures $ 997 972
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 $ 131 $ 152
[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, $17,880 and $17,870 of building and improvements, net of $6,046 and $5,670 of accumulated depreciation, $3,262 and $3,518 of other assets included in other line items, $18,141 and $18,500 of real estate debt, net, $1,027 and $1,135 of other liabilities included in other line items and $997 and $972 of non-controlling interests as of June 30, 2023 and December 31, 2022, respectively.