XML 61 R49.htm IDEA: XBRL DOCUMENT v3.22.1
Note 6 - Mortgage and Other Indebtedness - Schedule of Debt Balance (Parenthetical) (Details) - USD ($)
$ in Thousands
1 Months Ended 12 Months Ended
Jun. 16, 2020
Dec. 27, 2019
Jul. 31, 2021
Dec. 31, 2021
Dec. 31, 2019
Oct. 06, 2021
Mar. 31, 2021
Dec. 31, 2020
Jun. 30, 2020
Debt Instrument [Line Items]                  
Debt instrument net of discount       $ 1,000       $ 900  
Balance outstanding       $ 181,075          
MVB Revolver [Member]                  
Debt Instrument [Line Items]                  
Interest Rate [1]       6.75%          
Maturity date [2]       Dec. 27, 2022          
Sub-OP [Member]                  
Debt Instrument [Line Items]                  
Preferred investor, additional capital contribution $ 2,900               $ 2,900
Preferred Units Contributed Capital Outstanding       $ 900          
LIBOR [Member]                  
Debt Instrument [Line Items]                  
Debt instrument variable rate       0.10%          
Prime Rate [Member] | MVB Revolver [Member]                  
Debt Instrument [Line Items]                  
Debt instrument variable rate       1.50%          
Interest Rate Swap [Member] | MVB Revolver [Member]                  
Debt Instrument [Line Items]                  
Interest Rate       4.06%          
Mortgage Loan [Member] | Prime Rate [Member]                  
Debt Instrument [Line Items]                  
Interest Rate           0.35%      
Mortgage Loan [Member] | Interest Rate Swap [Member]                  
Debt Instrument [Line Items]                  
Interest Rate           4.082%      
Basis Term Loan [Member]                  
Debt Instrument [Line Items]                  
Debt instrument net of discount       $ 373       $ 745  
Interest Rate [1]       6.125%          
Interest Rate       6.125% 6.125%     6.125%  
Maturity date       Jan. 01, 2023          
Balance outstanding       $ 66,900          
Basis Term Loan [Member] | Sub-OP [Member]                  
Debt Instrument [Line Items]                  
Preferred investor, additional capital contribution 2,400                
Basis Term Loan [Member] | LIBOR [Member]                  
Debt Instrument [Line Items]                  
Debt instrument variable rate       3.85% 3.85%        
Basis Term Loan [Member] | Interest Rate Cap [Member]                  
Debt Instrument [Line Items]                  
Debt instrument variable rate   6.125%              
Basis Term Loan [Member] | Interest Rate Cap [Member] | LIBOR [Member]                  
Debt Instrument [Line Items]                  
Debt instrument variable rate   3.85%   3.50%          
Basis Preferred Interest [Member]                  
Debt Instrument [Line Items]                  
Debt instrument net of discount       $ 75       $ 150  
Interest Rate [1],[3],[4]       14.00%          
Maturity date [4],[5]       Jan. 01, 2023          
Vista Shops at Golden Mile Loan [Member]                  
Debt Instrument [Line Items]                  
Debt instrument net of discount       $ 39       0  
Interest Rate [1],[6]       3.83%          
Interest Rate             3.83%    
Maturity date [6]       Jun. 24, 2023          
Vista Shops at Golden Mile Loan [Member] | LIBOR [Member]                  
Debt Instrument [Line Items]                  
Debt instrument variable rate       2.50%          
Vista Shops at Golden Mile Loan [Member] | Mortgage Loan [Member]                  
Debt Instrument [Line Items]                  
Maturity date       Jan. 25, 2021          
Lamar Station Plaza East Loan [Member]                  
Debt Instrument [Line Items]                  
Debt instrument net of discount       $ 8       7  
Interest Rate [1]       4.00%          
Maturity date     Jul. 31, 2022 Jul. 17, 2022 [7]          
Lamar Station Plaza East Loan [Member] | LIBOR [Member]                  
Debt Instrument [Line Items]                  
Debt instrument variable rate       3.00%          
Lamar Station Plaza East Loan [Member] | LIBOR [Member] | Minimum [Member]                  
Debt Instrument [Line Items]                  
Debt instrument variable rate       1.00%          
Cromwell Field Land Loan [Member]                  
Debt Instrument [Line Items]                  
Debt instrument net of discount       $ 0       10  
Interest Rate [1],[8]       6.75%          
Maturity date [8]       Jan. 10, 2023          
Lamont Street Preferred Interest [Member]                  
Debt Instrument [Line Items]                  
Debt instrument net of discount       $ 67       0  
Interest Rate [1],[9]       13.50%          
Maturity date [9]       Sep. 30, 2023          
Highlandtown Village Shopping Center Loan [Member]                  
Debt Instrument [Line Items]                  
Debt instrument net of discount       $ 46       0  
Interest Rate [1]       4.13%          
Maturity date       May 06, 2023          
Cromwell Field Shopping Center Loan [Member]                  
Debt Instrument [Line Items]                  
Debt instrument net of discount       $ 144       0  
Interest Rate [1]       5.90%          
Maturity date       Nov. 15, 2022          
Cromwell Field Shopping Center Loan [Member] | LIBOR [Member]                  
Debt Instrument [Line Items]                  
Debt instrument variable rate       5.40%          
Cromwell Field Shopping Center Loan [Member] | LIBOR [Member] | Minimum [Member]                  
Debt Instrument [Line Items]                  
Debt instrument variable rate       0.50%          
Cromwell Field Shopping Center Mezzanine Loan [Member]                  
Debt Instrument [Line Items]                  
Debt instrument net of discount       $ 18       0  
Interest Rate [1]       10.00%          
Maturity date       Nov. 15, 2022          
Spotswood Valley Square Shopping Center Loan [Member]                  
Debt Instrument [Line Items]                  
Debt instrument net of discount       $ 94       0  
Interest Rate [1]       4.82%          
Maturity date       Jul. 06, 2023          
The Shops at Greenwood Village [Member]                  
Debt Instrument [Line Items]                  
Debt instrument net of discount       $ 114       0  
Interest Rate [1]       4.08%          
Maturity date       Oct. 10, 2028          
Hollinswood Loan [Member] | Interest Rate Cap [Member]                  
Debt Instrument [Line Items]                  
Debt instrument variable rate   4.06%              
Hollinswood Loan [Member] | Interest Rate Swap [Member]                  
Debt Instrument [Line Items]                  
Balance outstanding   $ 10,200              
Brookhill Azalea Shopping Center Loan [Member]                  
Debt Instrument [Line Items]                  
Interest Rate [1]       2.85%          
Maturity date       Jan. 31, 2025          
Basis Preferred Interest Minimum Multiple Amount [Member]                  
Debt Instrument [Line Items]                  
Balance outstanding       $ 800       $ 1,800  
Other Capital Contribution [Member] | Sub-OP [Member]                  
Debt Instrument [Line Items]                  
Preferred investor, additional capital contribution $ 500                
Preferred units, cumulative annual return 13.00%     13.00%          
Lamont Street Minimum Multiple Amount [Member]                  
Debt Instrument [Line Items]                  
Balance outstanding       $ 600          
Greenwood Village [Member] | Interest Rate Swap [Member]                  
Debt Instrument [Line Items]                  
Interest Rate       4.082%   4.082%      
[1] At December 31, 2021, the floating rate loans tied to LIBOR were based on the one-month LIBOR rate of 0.1%.
[2] 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."
[3] 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.
[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] 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.
[6] 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.
[7] 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".
[8] The Company paid off the remaining principal balance of the Cromwell land loan during the second quarter of 2021.
[9] 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."