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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Land $ 69,085,000 $ 69,111,000
Buildings and improvements 295,106,000 294,999,000
Real estate, gross 364,191,000 364,110,000
Less accumulated depreciation (161,961,000) (157,468,000)
Real estate, net 202,230,000 206,642,000
Real estate held for sale 113,000  
Cash and cash equivalents 1,291,000 3,899,000
Restricted cash 10,533,000 9,564,000
Receivables, net 5,067,000 6,135,000
Deferred costs and other assets, net 7,964,000 7,924,000
TOTAL ASSETS 227,198,000 234,164,000
LIABILITIES AND EQUITY    
Loans payable, net 131,555,000 131,462,000
Accounts payable, accrued expenses, and other liabilities 8,450,000 10,094,000
Below market lease intangibles, net 2,864,000 3,078,000
Total liabilities 151,425,000 151,962,000
Commitments and contingencies
Equity:    
Preferred stock 159,541,000 159,541,000
Common stock ($0.06 par value, 150,000,000 shares authorized, 13,718,000 shares, issued and outstanding) 823,000 823,000
Additional paid-in capital 868,323,000 868,323,000
Cumulative distributions in excess of net income (952,914,000) (946,485,000)
Total equity 75,773,000 82,202,000
TOTAL LIABILITIES AND EQUITY 227,198,000 234,164,000
Related Party [Member]    
LIABILITIES AND EQUITY    
Due to Wheeler Real Estate Investment Trust, Inc. $ 8,556,000 $ 7,328,000