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Note 11 - Concentrations of Credit Risks (Tables)
12 Months Ended
Dec. 31, 2022
Risks and Uncertainties [Abstract]  
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, 2022 and 2021.

 

(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

 

2022

 

2021

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Maryland (1)

 

6

 

6

 

$

100,335

 

 

$

101,608

 

 

 

24.5

%

 

 

39.4

%

 

$

12,896

 

 

$

10,332

 

Virginia

 

6

 

5

 

 

210,641

 

 

 

82,909

 

 

 

51.4

%

 

 

32.1

%

 

 

8,614

 

 

 

6,418

 

Pennsylvania

 

1

 

1

 

 

27,201

 

 

 

27,628

 

 

 

6.6

%

 

 

10.7

%

 

 

2,325

 

 

 

2,457

 

Washington D.C.

 

1

 

1

 

 

8,422

 

 

 

8,393

 

 

 

2.0

%

 

 

3.3

%

 

 

706

 

 

 

608

 

Colorado

 

3

 

2

 

 

63,503

 

 

 

37,379

 

 

 

15.5

%

 

 

14.5

%

 

 

5,330

 

 

 

1,593

 

 

17

 

15

 

$

410,102

 

 

$

257,917

 

 

 

100.0

%

 

 

100.0

%

 

$

29,871

 

 

$

21,408

 

(1)
Rental income for the year ended December 31, 2021 includes less than $0.1 million of ground rental revenue under the ground lease for a parcel of land acquired in January 2020. The ground lease was terminated upon the completion of the Cromwell Field Shopping Center Merger on May 26, 2021.