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VARIABLE INTEREST ENTITIES, CONTINGENT LIABILITY AND CONSOLIDATED JOINT VENTURES (Tables)
6 Months Ended
Jun. 30, 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):

June 30, 

December 31, 

    

2024 (a)

    

2023

Land

$

9,198

$

9,917

Buildings and improvements, net of accumulated depreciation of $6,091 and $6,380, respectively

15,778

17,475

Cash

721

1,059

Unbilled rent receivable

895

938

Unamortized intangible lease assets, net

126

412

Escrow, deposits and other assets and receivables

857

749

Mortgages payable, net of unamortized deferred financing costs of $90 and $109, respectively

13,579

16,660

Accrued expenses and other liabilities

544

745

Unamortized intangible lease liabilities, net

225

385

Accumulated other comprehensive income

2

Non-controlling interests in consolidated joint ventures

1,138

1,042

(a)During the six months ended June 30, 2024, the Company and its joint venture partners sold a restaurant parcel at its multi-tenant shopping center in Lakewood, Colorado and a retail property in Cape Girardeau, Missouri. In connection with the sale of the restaurant parcel, the joint venture paid down the mortgage on its property by $1,885 (see Note 5).