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VARIABLE INTEREST ENTITIES, CONTINGENT LIABILITY AND CONSOLIDATED JOINT VENTURES (Tables)
12 Months Ended
Dec. 31, 2023
Consolidated Joint Venture-VIEs  
Variable Interest Entities  
Schedule of the consolidated VIE's carrying amounts and classification in the Company's balance sheet

The following is a summary of the consolidated VIEs’ carrying amounts and classification in the Company’s consolidated balance sheets, none of which are restricted (amounts in thousands):

December 31, 

2023 (a)

    

2022

Land

$

9,917

$

10,365

Buildings and improvements, net of accumulated depreciation of $6,380 and $5,670, respectively

17,475

 

17,870

Cash

1,059

 

1,163

Unbilled rent receivable

938

1,111

Unamortized intangible lease assets, net

412

472

Escrow, deposits and other assets and receivables

749

772

Mortgages payable, net of unamortized deferred financing costs of $109 and $152, respectively

16,660

18,500

Accrued expenses and other liabilities

745

 

711

Unamortized intangible lease liabilities, net

385

424

Accumulated other comprehensive income

2

22

Non-controlling interests in consolidated joint ventures

1,042

 

972

(a)A consolidated joint venture located in Lakewood, Colorado, in which the Company holds a 90% interest, sold a portion of land at this property in November 2023 and paid down the related mortgage by $1,116 (see Note 5).