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VARIABLE INTEREST ENTITIES, CONSOLIDATED JOINT VENTURES AND CONTINGENT LIABILITY (Tables)
6 Months Ended
Jun. 30, 2025
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, 

    

2025 (a)

    

2024

Land

$

4,071

$

9,198

Buildings and improvements, net of accumulated depreciation of $3,066 and $6,516, respectively

6,481

15,599

Cash

673

1,063

Unbilled rent receivable

337

881

Unamortized intangible lease assets, net

111

118

Escrow, deposits and other assets and receivables

261

705

Mortgages payable, net of unamortized deferred financing costs of $55 and $71, respectively

7,306

13,295

Accrued expenses and other liabilities

140

751

Unamortized intangible lease liabilities, net

59

215

Accumulated other comprehensive income

Non-controlling interests in consolidated joint ventures

376

1,150

(a)The Colorado JV sold its multi-tenant, in-line retail stores in June 2025 and paid off the related $5,808 mortgage (see Note 5).