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Note 6 - Mortgage and Other Indebtedness - Schedule of Debt Balance (Details) - USD ($)
$ in Thousands
1 Months Ended 12 Months Ended
Jul. 31, 2021
Dec. 31, 2021
Mar. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Debt Instrument [Line Items]          
Balance outstanding   $ 180,097   $ 122,977  
Unamortized deferred financing costs   (1,115)   (917)  
Total Mortgage and Other Indebtedness   $ 178,982   $ 122,060  
Basis Term Loan [Member]          
Debt Instrument [Line Items]          
Maturity Date   Jan. 01, 2023      
Rate Type [1]   Floating      
Interest Rate [2]   6.125%      
Interest Rate   6.125%   6.125% 6.125%
Balance outstanding   $ 66,811   $ 66,439  
Basis Preferred Interest [Member]          
Debt Instrument [Line Items]          
Maturity Date [3],[4]   Jan. 01, 2023      
Rate Type [4]   Fixed      
Interest Rate [2],[4],[5]   14.00%      
Balance outstanding [4]   $ 8,560   11,434  
MVB Term Loan [Member]          
Debt Instrument [Line Items]          
Maturity Date [6]   Dec. 27, 2022      
Rate Type   Fixed      
Interest Rate [2]   6.75%      
Balance outstanding   $ 3,934   4,277  
Hollinswood Shopping Center Loan [Member]          
Debt Instrument [Line Items]          
Maturity Date   Dec. 01, 2024      
Rate Type [7]   LIBOR + 2.25%      
Interest Rate [2]   4.06%      
Balance outstanding   $ 13,070   11,670  
Avondale Shops Loan [Member]          
Debt Instrument [Line Items]          
Maturity Date   Jun. 01, 2025      
Rate Type   Fixed      
Interest Rate [2]   4.00%      
Balance outstanding   $ 3,097   3,205  
Vista Shops at Golden Mile Loan [Member]          
Debt Instrument [Line Items]          
Maturity Date [8]   Jun. 24, 2023      
Rate Type [8]   Fixed      
Interest Rate [2],[8]   3.83%      
Interest Rate     3.83%    
Balance outstanding [8]   $ 11,661   8,902  
Total Mortgage and Other Indebtedness     $ 11,700    
Brookhill Azalea Shopping Center Loan [Member]          
Debt Instrument [Line Items]          
Maturity Date   Jan. 31, 2025      
Rate Type   LIBOR + 2.75%      
Interest Rate [2]   2.85%      
Balance outstanding   $ 9,034   9,432  
Lamar Station Plaza East Loan [Member]          
Debt Instrument [Line Items]          
Maturity Date Jul. 31, 2022 Jul. 17, 2022 [9]      
Rate Type [10]   LIBOR + 3.00%      
Interest Rate [2]   4.00%      
Balance outstanding   $ 3,507   3,446  
Cromwell Field Land Loan [Member]          
Debt Instrument [Line Items]          
Maturity Date [11]   Jan. 10, 2023      
Rate Type [11]   Fixed      
Interest Rate [2],[11]   6.75%      
Balance outstanding [11]       1,415  
First Paycheck Protection Program Loan [Member]          
Debt Instrument [Line Items]          
Maturity Date [12]   Apr. 20, 2022      
Rate Type   Fixed      
Interest Rate [2]   1.00%      
Balance outstanding       757  
Second Paycheck Protection Program Loan [Member]          
Debt Instrument [Line Items]          
Maturity Date [13]   Mar. 18, 2026      
Rate Type   Fixed      
Interest Rate [2]   1.00%      
Lamont Street Preferred Interest Loan [Member]          
Debt Instrument [Line Items]          
Maturity Date [14]   Sep. 30, 2023      
Rate Type [14]   Fixed      
Interest Rate [2],[14]   13.50%      
Balance outstanding [14]   $ 4,498      
Highlandtown Village Shopping Center Loan [Member]          
Debt Instrument [Line Items]          
Maturity Date   May 06, 2023      
Rate Type   Fixed      
Interest Rate [2]   4.13%      
Balance outstanding   $ 5,364      
Cromwell Field Shopping Center Loan [Member]          
Debt Instrument [Line Items]          
Maturity Date   Nov. 15, 2022      
Rate Type [15]   LIBOR + 5.40%      
Interest Rate [2]   5.90%      
Balance outstanding   $ 12,249      
Cromwell Field Shopping Center Mezzanine Loan [Member]          
Debt Instrument [Line Items]          
Maturity Date   Nov. 15, 2022      
Rate Type   Fixed      
Interest Rate [2]   10.00%      
Balance outstanding   $ 1,512      
Spotswood Valley Square Shopping Center Loan [Member]          
Debt Instrument [Line Items]          
Maturity Date   Jul. 06, 2023      
Rate Type   Fixed      
Interest Rate [2]   4.82%      
Balance outstanding   $ 12,100      
The Shops at Greenwood Village [Member]          
Debt Instrument [Line Items]          
Maturity Date   Oct. 10, 2028      
Rate Type [16]   Prime - 0.35%      
Interest Rate [2]   4.08%      
Balance outstanding   $ 23,296      
MVB Revolver [Member]          
Debt Instrument [Line Items]          
Maturity Date [6]   Dec. 27, 2022      
Rate Type [17]   Floating      
Interest Rate [2]   6.75%      
Balance outstanding   $ 1,404   $ 2,000  
[1] The interest rate for the Basis Term Loan is the greater of (i) LIBOR plus 3.850% per annum and (ii) 6.125% per annum. The Company has entered into an interest rate cap that caps the LIBOR rate on this loan at 3.5%.
[2] At December 31, 2021, the floating rate loans tied to LIBOR were based on the one-month LIBOR rate of 0.1%.
[3] If the Basis Term Loan is paid in full earlier than its maturity date, the Basis Preferred Interest in the Sub-OP (as defined below) will mature at that time.
[4] The outstanding balance includes approximately $0.8 million and $1.8 million of indebtedness as of December 31, 2021 and 2020, respectively, related to the Multiple Minimum Amount owed to the Preferred Investor as described below under the heading “—Basis Preferred Interest.”
[5] In June 2020, the Preferred Investor made additional capital contributions of approximately $2.9 million as described below under the heading “—Basis Preferred Interest of which $0.9 million was outstanding at
December 31, 2021. The Preferred Investor is entitled to a cumulative annual return of 13.0% on the additional contributions.
[6] In March 2022, the Company entered into a six-month extension on the MVB Term Loan and MVB Revolver (each as defined below) as described under the heading "—MVB Loans."
[7] The Company has entered into an interest rate swap which fixes the interest rate of the loan at 4.06%.
[8] The Company completed the refinance of this loan in March 2021 as described below under the heading “—Mortgage Indebtedness.” The prior loan matured on January 25, 2021 and carried an interest rate of LIBOR plus 2.5% per annum.
[9] In July 2021, the Company entered into a modification to the Lamar Station Plaza East loan to extend the maturity date to July 2022 as described below under the heading "Mortgage Indebtedness".
[10] The interest rate on the Lamar Station Plaza East Loan is LIBOR plus 3.00% per annum with a minimum LIBOR rate of 1.00%.
[11] The Company paid off the remaining principal balance of the Cromwell land loan during the second quarter of 2021.
[12] During the first quarter of 2021, the Company received forgiveness for its PPP Loan (as defined below) as described below under the heading “—PPP Loans.”
[13] During the third quarter of 2021, the Company received forgiveness for its Second PPP Loan (as defined below) as described below under the heading "—PPP Loans."
[14] The outstanding balance includes approximately $0.6 million of indebtedness as of December 31, 2021, related to the Lamont Street Minimum Multiple Amount owed to Lamont Street as described below under the heading "—Lamont Street Preferred Interest."
[15] The interest rate on the Cromwell Field Shopping Center Loan is LIBOR plus 5.40% per annum with a minimum LIBOR rate of 0.50%.
[16] The Company has entered into an interest rate swap which fixes the interest rate of the loan at 4.082%.
[17] The interest rate on the MVB Revolver is the greater of (i) prime rate plus 1.5% and (ii) 6.75%.