XML 57 R46.htm IDEA: XBRL DOCUMENT v3.25.1
VARIABLE INTEREST ENTITIES, CONSOLIDATED JOINT VENTURES AND CONTINGENT LIABILITY - Consolidated Joint Ventures (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
USD ($)
item
Dec. 31, 2024
USD ($)
Consolidated VIEs carrying amount of assets and liabilities    
Land $ 171,810 $ 165,708
Unbilled rent receivable 17,283 16,988
Unamortized intangible lease assets, net 20,253 13,649
Escrow, deposits and other assets and receivables 17,168 19,596
Mortgages payable, net of unamortized deferred financing costs of $108 and $71, respectively 465,971 420,555
Accrued expenses and other liabilities 13,547 16,023
Unamortized intangible lease liabilities, net 12,626 11,752
Accumulated other comprehensive income 130 208
Non-controlling interests in consolidated joint ventures [1] 1,101 1,150
Mortgages payable    
Consolidated VIEs carrying amount of assets and liabilities    
Mortgages payable, net of unamortized deferred financing costs of $108 and $71, respectively 465,971 420,555
Unamortized deferred financing costs $ 4,159 3,756
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 $ 8,828 9,198
Buildings and improvements, net of accumulated depreciation of $6,695 and $6,516, respectively 15,377 15,599
Accumulated depreciation 6,695 6,516
Cash 1,000 1,063
Unbilled rent receivable 847 881
Unamortized intangible lease assets, net 115 118
Escrow, deposits and other assets and receivables 755 705
Mortgages payable, net of unamortized deferred financing costs of $108 and $71, respectively 13,146 13,295
Accrued expenses and other liabilities 773 751
Unamortized intangible lease liabilities, net 210 215
Non-controlling interests in consolidated joint ventures 1,101 1,150
Consolidated Joint Venture-VIEs | Mortgages payable    
Consolidated VIEs carrying amount of assets and liabilities    
Unamortized deferred financing costs $ 108 $ 71
Consolidated VIE 1    
Variable Interest Entities    
Ownership interest in consolidated joint venture of the company (as a percent) 90.00%  
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 7. The consolidated balance sheets include the following amounts related to the Company’s consolidated VIEs: $8,828 and $9,198 of land, $15,377 and $15,599 of building and improvements, net of $6,695 and $6,516 of accumulated depreciation, $2,717 and $2,767 of other assets included in other line items, $13,146 and $13,295 of real estate debt, net, $983 and $966 of other liabilities included in other line items and $1,101 and $1,150 of non-controlling interests as of March 31, 2025 and December 31, 2024, respectively.