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VARIABLE INTEREST ENTITIES, CONTINGENT LIABILITY AND CONSOLIDATED JOINT VENTURES (Tables)
3 Months Ended
Mar. 31, 2024
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):

March 31, 

December 31, 

    

2024 (a)

    

2023

Land

$

9,743

$

9,917

Buildings and improvements, net of accumulated depreciation of $6,383 and $6,380, respectively

16,952

17,475

Cash

889

1,059

Unbilled rent receivable

910

938

Unamortized intangible lease assets, net

406

412

Escrow, deposits and other assets and receivables

833

749

Mortgages payable, net of unamortized deferred financing costs of $99 and $109, respectively

13,731

16,660

Accrued expenses and other liabilities

705

745

Unamortized intangible lease liabilities, net

379

385

Accumulated other comprehensive income

2

Non-controlling interests in consolidated joint ventures

1,216

1,042

(a)A consolidated joint venture in Lakewood, Colorado, in which the Company holds a 90% interest, sold a restaurant parcel at its multi-tenant shopping center in March 2024 and paid down the related mortgage by $1,885 (see Note 4).