Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2021

Accounting Policies [Abstract]

Schedule of intangible assets and liabilities

As of March 31, 2021 and December 31, 2020, the Company’s intangible assets and liabilities, including properties held for sale (if any), consisted of the following (dollars in thousands):

	March 31, 2021						December 31, 2020
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
In-place leases	$	89,014	$	(66,466)	$	22,548	$	85,026	$	(64,668)	$	20,358
Above-market leases	3,842		(3,717)		125		3,833		(3,697)		136
Below-market leases	(50,315)		22,433		(27,882)		(45,798)		21,190		(24,608)
Total	$	42,541	$	(47,750)	$	(5,209)	$	43,061	$	(47,175)	$	(4,114)

Schedule of depreciation and useful lives of real estate and intangible assets

The following table reflects the standard depreciable lives typically used to compute depreciation and amortization. However, such depreciable lives may be different based on the estimated useful life of such assets or liabilities.

Description	Standard Depreciable Life
Land	Not depreciated
Building	40 years
Building Improvements	5-40 years
Tenant Improvements	Shorter of lease term or useful life
Leasing Costs	Lease term
In-place Leases	Lease term
Above/Below-Market Leases	Lease term

Schedule of cash and cash equivalents and restricted cash

The following summarizes the reconciliation of cash and cash equivalents and restricted cash as presented in the accompanying consolidated statements of cash flows (dollars in thousands):

	For the Three Months Ended March 31,
	2021		2020
Beginning
Cash and cash equivalents at beginning of period	$	107,180	$	110,082
Restricted cash	656		2,657
Cash and cash equivalents and restricted cash	107,836		112,739
Ending
Cash and cash equivalents at end of period	29,377		69,733
Restricted cash	1,028		297
Cash and cash equivalents and restricted cash	30,405		70,030
Net decrease in cash and cash equivalents and restricted cash	$	(77,431)	$	(42,709)

Schedule of cash and cash equivalents and restricted cash

The following summarizes the reconciliation of cash and cash equivalents and restricted cash as presented in the accompanying consolidated statements of cash flows (dollars in thousands):

	For the Three Months Ended March 31,
	2021		2020
Beginning
Cash and cash equivalents at beginning of period	$	107,180	$	110,082
Restricted cash	656		2,657
Cash and cash equivalents and restricted cash	107,836		112,739
Ending
Cash and cash equivalents at end of period	29,377		69,733
Restricted cash	1,028		297
Cash and cash equivalents and restricted cash	30,405		70,030
Net decrease in cash and cash equivalents and restricted cash	$	(77,431)	$	(42,709)