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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Significant Accounting Policies  
Schedule of estimated useful lives of real estate assets

Category

    

Years

 

Commercial buildings

 

39

Building improvements

 

15

-

39

Fixtures and equipment

 

3

-

7

Schedule of estimated annual amortization expense for succeeding five years for acquired in-place lease and above-market leases

(in thousands)

    

December 31,

 

2021

$

8,975

2022

 

5,400

2023

 

4,268

2024

 

3,550

2025

 

2,797

2026 and thereafter

 

3,216

Schedule of estimated annual amortization for unfavorable leases

(in thousands)

    

December 31,

 

2021

$

597

2022

 

323

2023

 

218

2024

 

144

2025

 

92

2026 and thereafter

 

218

Schedule of Cash and cash equivalents

    

December 31,

    

December 31,

(in thousands)

2020

2019

Cash and cash equivalents

$

2,650

$

9,790

Restricted cash

 

1,500

 

Total cash, cash equivalents and restricted cash

$

4,150

$

9,790

Schedule of estimated annual amortization for deferred leasing commissions

(in thousands)

    

December 31,

 

2021

    

$

9,957

2022

    

 

9,167

2023

    

 

8,041

2024

    

 

6,797

2025

    

 

5,621

2026 and thereafter

    

 

16,869

Summary of rental revenue

Year Ended

 

December 31,

 

(in thousands)

    

2020

    

2019

    

2018

 

Income from leases

$

180,899

$

191,828

$

202,127

Reimbursable expenses

 

61,310

 

64,421

 

61,475

Straight-line rent adjustment

 

1,685

 

8,876

 

(381)

Amortization of favorable and unfavorable leases

 

313

 

402

 

556

$

244,207

$

265,527

$

263,777