XML 65 R54.htm IDEA: XBRL DOCUMENT v3.19.1
INCOME PROPERTIES (Details)
3 Months Ended
Mar. 26, 2018
USD ($)
property
Mar. 31, 2019
USD ($)
ft²
building
property
Mar. 31, 2018
USD ($)
property
Feb. 21, 2019
USD ($)
ft²
Dec. 31, 2018
property
Acquisitions of Income Properties          
Number of real estate properties | property   0     4
Number of properties in the disposal group | property     4    
Real Estate Operations          
Acquisitions of Income Properties          
Payments to Acquire Commercial Real Estate     $ 28,000,000    
Aggregate acquisition cost including capitalized acquisition costs     $ 29,000,000    
Amount allocated of total acquisition cost          
Weighted average amortization period of intangible assets     20 years    
Weighted average amortization period of intangible liabilities     20 years    
Real Estate Operations | Nonrecurring basis          
Acquisitions of Income Properties          
Land     $ 12,000,000    
Buildings and improvements     15,000,000    
Intangible assets pertaining to the in-place lease value, leasing fees and above market lease value     2,800,000    
Intangible liabilities for below market lease value     $ 800,000    
Single-tenant          
Acquisitions of Income Properties          
Number of real estate properties | property     1    
Assets Held for Sale | Multi-tenant          
Acquisitions of Income Properties          
Number of properties in the disposal group | property   1      
Concierge Office Building          
Acquisitions of Income Properties          
Area of real estate property | ft²   22,012      
Williamson Business Park office building          
Acquisitions of Income Properties          
Area of real estate property | ft²   15,360      
Gain on Sale   $ 3,700,000      
Gain on sale of properties (in dollars per share)   $ 0.49      
Area of real estate property leased | ft²   7,600      
Lease term   5 years      
Mason Commerce Center          
Acquisitions of Income Properties          
Area of real estate property | ft²   30,720      
Number of office building | building   2      
Daytona Beach, FL          
Acquisitions of Income Properties          
Sales price $ 11,400,000        
Daytona Beach, FL | Multi-tenant          
Acquisitions of Income Properties          
Number of properties in the disposal group | property 4        
Sarasota, FL | Whole Foods | Sold          
Acquisitions of Income Properties          
Sales price       $ 24,620,000  
Area of real estate property | ft²       59,000  
Gain on Sale   $ 6,900,000      
Gain on sale of properties (in dollars per share)   $ 0.96      
Jacksonville, FL | Single-tenant          
Acquisitions of Income Properties          
Number of real estate properties | property   8