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Commitments and Contingencies
6 Months Ended
Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
COMMITMENTS AND CONTINGENCIES
As of June 30, 2018, the Company had a letter of credit outstanding in the amount of $143 which serves as collateral for certain capital improvements at one of its properties and reduces the available borrowings on its unsecured revolving line of credit.
As of June 30, 2018, the Company had active redevelopments at Reisterstown Road Plaza located in Baltimore, Maryland and Circle East located in Towson, Maryland. The Company estimates that it will incur net costs of approximately $9,500 to $10,500 related to the Reisterstown Road Plaza redevelopment and approximately $33,000 to $35,000 related to the Circle East redevelopment. As of June 30, 2018, the Company has incurred $8,690 related to Reisterstown Road Plaza and $7,180, net of proceeds of $11,820 from the sale of air rights, related to the redevelopment portion of Circle East.