INCOME PROPERTIES AND LEASES (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of components of leasing revenue

The components of leasing revenue are as follows (in thousands):

	Three Months Ended
	March 31, 2021		March 31, 2020
Leasing Revenue
Lease Payments	$	9,698	$	9,268
Variable Lease Payments		1,751		1,735
Total Leasing Revenue	$	11,449	$	11,003

Schedule of minimum future base rental revenue on non-cancelable leases

Minimum future base rental revenue on non-cancelable leases subsequent to March 31, 2021, for the next five years ended December 31 are summarized as follows (in thousands):

Year Ending December 31,	Amounts
Remainder of 2021	$	40,655
2022		40,554
2023		38,432
2024		35,665
2025		34,941
2026 and thereafter (cumulative)		170,430
Total	$	360,677

Schedule of properties disposed

	As of March 31, 2021
	Land JV		Single-Tenant Income Properties		Total Assets (Liabilities) Held for Sale
Plant, Property, and Equipment - Net	$	—	$	3,635	$	3,635
Restricted Cash		833		—		833
Intangible Lease Assets - Net		—		65		65
Intangible Lease Liabilities - Net		—		(28)		(28)
Total Assets Held for Sale	$	833	$	3,672	$	4,505
Deferred Revenue	$	(831)	$	—	$	(831)
Total Liabilities Held for Sale	$	(831)	$	—	$	(831)

	As of December 31, 2020
	Land JV		Single-Tenant Income Properties		Total Assets (Liabilities) Held for Sale
Restricted Cash	$	833	$	—	$	833
Total Assets Held for Sale	$	833	$	—	$	833
Deferred Revenue	$	(831)	$	—	$	(831)
Total Liabilities Held for Sale	$	(831)	$	—	$	(831)

Schedule of leasing activity

Retail	Square Feet	Weighted Average Lease Term	Cash Rent Per Square Foot		Tenant Improvements		Leasing Commissions
New Leases	3.5	9.1	$	46.95	$	56	$	99
Renewals & Extensions	130.0	5.2	$	12.19		97		88
Total	133.5	5.5	$	13.12	$	153	$	187

2021 Acquisitions

Schedule of properties acquired

Tenant Description	Tenant Type	Property Location	Date of Acquisition	Property Square-Feet	Purchase Price ($000's)		Percentage Leased at Acquisition	Remaining Lease Term at Acquisition Date (in years)
Jordan Landing	Multi-Tenant	West Jordan, UT	03/02/21	183,320	$	20,000	93%	7.9
Eastern Commons	Multi-Tenant	Henderson, NV	03/10/21	146,667		18,500	88%	6.9
		Total / Weighted Average		329,987	$	38,500		7.4

2020 Acquisitions

Schedule of properties acquired

Tenant Description	Tenant Type	Property Location	Date of Acquisition	Property Square-Feet	Purchase Price ($000's)		Percentage Leased at Acquisition	Remaining Lease Term at Acquisition Date (in years)
Crossroads Towne Center	Multi-Tenant	Chandler, AZ	01/24/20	254,109	$	61,800	99%	5.0
Ashford Lane	Multi-Tenant	Atlanta, GA	02/21/20	268,572		75,435	80%	3.6
		Total / Weighted Average		522,681	$	137,235		4.2

2021 Dispositions

Schedule of properties disposed

Tenant Description	Tenant Type	Date of Disposition	Sales Price		Gain on Sale
World of Beer/Fuzzy's Taco Shop, Brandon, FL	Multi-Tenant	01/20/21	$	2,310	$	599
Moe's Southwest Grill, Jacksonville, FL	Single-Tenant	02/23/21		2,541		109
Total			$	4,851	$	708