XML 79 R64.htm IDEA: XBRL DOCUMENT v3.25.0.1
VARIABLE INTEREST ENTITIES, CONTINGENT LIABILITY AND CONSOLIDATED JOINT VENTURES - Consolidated Joint Ventures (Details)
12 Months Ended
Nov. 14, 2023
USD ($)
Dec. 31, 2024
USD ($)
item
Dec. 31, 2023
USD ($)
Consolidated VIEs carrying amount of assets and liabilities      
Land   $ 165,708,000 $ 172,309,000
Unbilled rent receivable   16,988,000 16,661,000
Unamortized intangible lease assets, net   13,649,000 14,681,000
Escrow, deposits and other assets and receivables   19,596,000 19,833,000
Mortgages payable, net of unamortized deferred financing costs of $000 and $109, respectively   420,555,000 418,347,000
Accrued expenses and other liabilities   16,023,000 15,502,000
Unamortized intangible lease liabilities, net   11,752,000 10,096,000
Accumulated other comprehensive income   208,000 844,000
Non-controlling interests in consolidated joint ventures [1]   1,150,000 1,042,000
Properties disposed of by sale      
Variable Interest Entities      
Mortgage prepaid on sale of real estate   18,184,000  
Properties disposed of by sale | Land, Lakewood, Colorado      
Variable Interest Entities      
Mortgage prepaid on sale of real estate   1,885,000  
Mortgages payable      
Consolidated VIEs carrying amount of assets and liabilities      
Mortgages payable, net of unamortized deferred financing costs of $000 and $109, respectively   420,555,000 418,347,000
Unamortized deferred financing costs   $ 3,756,000 3,414,000
Consolidated Joint Venture-VIEs      
Variable Interest Entities      
Number of joint ventures with controlling interest | item   2  
Consolidated VIEs carrying amount of assets and liabilities      
Land   $ 9,198,000 9,917,000
Buildings and improvements, net of accumulated depreciation of $000 and $6,380, respectively   15,599,000 17,475,000
Accumulated depreciation   6,516,000 6,380,000
Cash   1,063,000 1,059,000
Unbilled rent receivable   881,000 938,000
Unamortized intangible lease assets, net   118,000 412,000
Escrow, deposits and other assets and receivables   705,000 749,000
Mortgages payable, net of unamortized deferred financing costs of $000 and $109, respectively   13,295,000 16,660,000
Accrued expenses and other liabilities   751,000 745,000
Unamortized intangible lease liabilities, net   215,000 385,000
Accumulated other comprehensive income     2,000
Non-controlling interests in consolidated joint ventures   1,150,000 1,042,000
Consolidated Joint Venture-VIEs | Mortgages payable      
Consolidated VIEs carrying amount of assets and liabilities      
Unamortized deferred financing costs   $ 71,000 $ 109,000
Consolidated VIE 1      
Variable Interest Entities      
Ownership interest in consolidated joint venture of the company (as a percent)   90.00%  
Consolidated VIE 1 | Properties disposed of by sale | Land, Lakewood, Colorado      
Variable Interest Entities      
Ownership interest in consolidated joint venture of the company (as a percent) 90.00%    
Mortgage prepaid on sale of real estate $ 1,116,000    
Consolidated VIE 2      
Variable Interest Entities      
Ownership interest in consolidated joint venture of the company (as a percent)   95.00%  
[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: $9,198 and $9,917 of land, $15,599 and $17,475 of building and improvements, net of $6,516 and $6,380 of accumulated depreciation, $2,767 and $3,158 of other assets included in other line items, $13,295 and $16,660 of real estate debt, net, $966 and $1,130 of other liabilities included in other line items, and $1,150 and $1,042 of non-controlling interests as of December 31, 2024 and 2023, respectively.