Note 10 - Concentrations of Credit Risks (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Geographic Concentration of Properties

The following table contains information regarding the geographic concentration of the properties in the Company’s portfolio as of December 31, 2021 and 2020.


(dollars in thousands)	Number of Properties at December 31,		Gross Real Estate Assets at December 31,				Percentage of Total Gross Real Estate Assets at December 31,						Rental income for the year ended December 31,
Location	2021	2020	2021		2020		2021			2020			2021		2020
Maryland (1)	6	4	$	101,608	$	75,780		39.4	%		40.9	%	$	10,332	$	7,972
Virginia	5	4		82,909		68,017		32.1	%		36.8	%		6,418		4,910
Pennsylvania	1	1		27,628		26,757		10.7	%		14.5	%		2,457		2,109
Washington D.C.	1	1		8,393		8,393		3.3	%		4.5	%		608		691
Colorado	2	1		37,379		6,069		14.5	%		3.3	%		1,593		182
	15	11	$	257,917	$	185,016		100.0	%		100.0	%	$	21,408	$	15,864

(1)

Rental income for the year ended December 31, 2021 and 2020 includes less than $0.1 million and approximately $0.1 million, respectively, of ground rental revenue under the ground lease for the parcel of land acquired in January 2020 as described in Note 3. This lease was terminated on May 26, 2021 with the Merger to acquire Cromwell Field Shopping Center.