XML 60 R48.htm IDEA: XBRL DOCUMENT v3.25.2
VARIABLE INTEREST ENTITIES, CONSOLIDATED JOINT VENTURES AND CONTINGENT LIABILITY - Consolidated Joint Ventures (Details)
$ in Thousands
6 Months Ended
Jun. 23, 2025
USD ($)
Jun. 30, 2025
USD ($)
item
Dec. 31, 2024
USD ($)
Consolidated VIEs carrying amount of assets and liabilities      
Land   $ 165,259 $ 165,708
Unbilled rent receivable   17,031 16,988
Unamortized intangible lease assets, net   18,961 13,649
Escrow, deposits and other assets and receivables   14,744 19,596
Mortgages payable, net of unamortized deferred financing costs of $55 and $71, respectively   448,254 420,555
Accrued expenses and other liabilities   14,400 16,023
Unamortized intangible lease liabilities, net   12,168 11,752
Accumulated other comprehensive income   72 208
Non-controlling interests in consolidated joint ventures [1]   376 1,150
Mortgages payable      
Consolidated VIEs carrying amount of assets and liabilities      
Mortgages payable, net of unamortized deferred financing costs of $55 and $71, respectively   448,254 420,555
Unamortized deferred financing costs   $ 3,928 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   $ 4,071 9,198
Buildings and improvements, net of accumulated depreciation of $3,066 and $6,516, respectively   6,481 15,599
Accumulated depreciation   3,066 6,516
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
Non-controlling interests in consolidated joint ventures   376 1,150
Consolidated Joint Venture-VIEs | Mortgages payable      
Consolidated VIEs carrying amount of assets and liabilities      
Unamortized deferred financing costs   $ 55 $ 71
Consolidated VIE 1      
Variable Interest Entities      
Ownership interest in consolidated joint venture of the company (as a percent)   90.00%  
Consolidated VIE 1 | Multi-Tenant Shopping Center, Lakewood, Colorado | Properties disposed of by sale      
Consolidated VIEs carrying amount of assets and liabilities      
Mortgage prepaid on sale of real estate $ 5,808    
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: $4,071 and $9,198 of land, $6,481 and $15,599 of building and improvements, net of $3,066 and $6,516 of accumulated depreciation, $1,382 and $2,767 of other assets included in other line items, $7,306 and $13,295 of real estate debt, net, $199 and $966 of other liabilities included in other line items and $376 and $1,150 of non-controlling interests as of June 30, 2025 and December 31, 2024, respectively.