XML 54 R44.htm IDEA: XBRL DOCUMENT v3.23.3
VARIABLE INTEREST ENTITIES, CONTINGENT LIABILITY AND CONSOLIDATED JOINT VENTURES - Consolidated Joint Ventures (Details)
$ in Thousands
9 Months Ended
Sep. 30, 2023
USD ($)
item
Dec. 31, 2022
USD ($)
Consolidated VIEs Carrying Amount of Assets and Liabilities    
Land $ 179,342 $ 181,805
Unbilled rent receivable 17,242 16,079
Unamortized intangible lease assets, net 16,848 19,841
Escrow, deposits and other assets and receivables 17,651 23,764
Mortgages payable, net of unamortized deferred financing costs of $120 and $152, respectively 416,727 405,162
Accrued expenses and other liabilities 15,691 19,270
Unamortized intangible lease liabilities, net 10,443 11,125
Accumulated other comprehensive income 1,337 1,810
Non-controlling interests in consolidated joint ventures [1] 1,010 972
Mortgages payable    
Consolidated VIEs Carrying Amount of Assets and Liabilities    
Mortgages payable, net of unamortized deferred financing costs of $120 and $152, respectively 416,727 405,162
Unamortized deferred financing costs $ 3,321 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 $6,235 and $5,670, respectively 17,929 17,870
Accumulated depreciation 6,235 5,670
Cash 829 1,163
Unbilled rent receivable 1,059 1,111
Unamortized intangible lease assets, net 419 472
Escrow, deposits and other assets and receivables 856 772
Mortgages payable, net of unamortized deferred financing costs of $120 and $152, respectively 17,960 18,500
Accrued expenses and other liabilities 650 711
Unamortized intangible lease liabilities, net 392 424
Accumulated other comprehensive income 9 22
Non-controlling interests in consolidated joint ventures $ 1,010 972
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 $ 120 $ 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, $17,929 and $17,870 of building and improvements, net of $6,235 and $5,670 of accumulated depreciation, $3,163 and $3,518 of other assets included in other line items, $17,960 and $18,500 of real estate debt, net, $1,042 and $1,135 of other liabilities included in other line items and $1,010 and $972 of non-controlling interests as of September 30, 2023 and December 31, 2022, respectively.