Note 3 - Real Estate (Tables)

6 Months Ended

Jun. 30, 2023

Real Estate [Abstract]

Schedule of Assets and Liabilities of Real Estate Held-for-Sale

The following table provides a summary of the major components of assets and liabilities related to real estate held for sale as of June 30, 2023.

(in thousands)	June 30, 2023
Assets held for sale
Real estate property	$	22,418
Accounts receivable, net		9
Straight-line rent receivable, net		407
Other assets		378
Total assets held for sale	$	23,212
Liabilities related to real estate held for sale
Mortgage and other indebtedness	$	14,552
Accounts payable and accrued liabilities		224
Unamortized intangible lease liabilities, net		308
Deferred revenue		45
Total liabilities related to real estate held for sale	$	15,129

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 June 30, 2023, which includes rental income for the six months ended June 30, 2023 and 2022.

(dollars in thousands)	Number of Properties	Gross Real Estate Assets		Percentage of Total Real Estate Assets			Rental income for the six months ended June 30,
Location	June 30, 2023	June 30, 2023		June 30, 2023			2023		2022
Maryland	6	$	101,203		25.8	%	$	6,078	$	6,061
Virginia	5		197,208		50.3	%		8,703		3,636
Pennsylvania (1)	1		20,923		5.3	%		1,353		1,058
Washington D.C.	1		8,422		2.2	%		303		306
Colorado	3		64,254		16.4	%		4,028		2,604
	16	$	392,010		100.0	%	$	20,465	$	13,665

(1)Represents Dekalb Plaza, which was sold on July 20, 2023.