XML 66 R56.htm IDEA: XBRL DOCUMENT v3.24.1
Note 7 - Mortgage and Other Indebtedness - Schedule of Debt Balance (Parenthetical) (Details) - USD ($)
$ in Thousands
1 Months Ended 12 Months Ended
Feb. 08, 2024
Jun. 28, 2023
May 05, 2023
May 01, 2023
Dec. 27, 2019
Dec. 31, 2019
Dec. 31, 2023
Dec. 31, 2022
Nov. 23, 2022
Aug. 01, 2022
Oct. 06, 2021
Debt Instrument [Line Items]                      
Debt instrument net of discount             $ 600 $ 400      
Exit fees outstanding             100 300      
Debt instrument variable rate   7.73%                  
Balance outstanding             $ 233,087 269,474      
Interest Rate Swap [Member] | Hollinswood Loan [Member]                      
Debt Instrument [Line Items]                      
Debt instrument variable rate             4.06%        
Basis Term Loan [Member]                      
Debt Instrument [Line Items]                      
Debt instrument net of discount             $ 21 79      
Debt instrument variable rate             8.62%        
Interest rate of loan             8.62%        
Maturity date             Jul. 01, 2024        
Balance outstanding [1]             $ 8,491 $ 67,086      
Basis Term Loan [Member] | Maximum [Member]                      
Debt Instrument [Line Items]                      
Debt instrument variable rate           6.125% 6.125%        
Basis Term Loan [Member] | Interest Rate Cap [Member]                      
Debt Instrument [Line Items]                      
Interest rate of loan             8.62% 6.125%      
Basis Term Loan [Member] | Interest Rate Cap [Member] | Maximum [Member]                      
Debt Instrument [Line Items]                      
Debt instrument variable rate         6.125%            
Basis Term Loan [Member] | SOFR [Member]                      
Debt Instrument [Line Items]                      
Debt instrument variable rate           3.97% 3.97%        
Basis Term Loan [Member] | SOFR [Member] | Interest Rate Cap [Member]                      
Debt Instrument [Line Items]                      
Debt instrument variable rate         3.97%            
Debt instrument variable rate                 4.65% 3.50%  
Vista Shops at Golden Mile Loan [Member]                      
Debt Instrument [Line Items]                      
Debt instrument net of discount             $ 9 $ 12      
Debt instrument variable rate [2]             7.73%        
Maturity date   Jun. 24, 2024         Jun. 24, 2024 [2]        
Balance outstanding [2]             $ 11,252 11,478      
Vista Shops at Golden Mile Loan [Member] | Subsequent Event [Member]                      
Debt Instrument [Line Items]                      
Maturity date Feb. 08, 2029                    
Vista Shops at Golden Mile Loan [Member] | Interest Rate Swap [Member] | Subsequent Event [Member]                      
Debt Instrument [Line Items]                      
Debt instrument variable rate 6.90%                    
Interest rate of loan 6.90%                    
Crestview Shopping Center Loan [Member]                      
Debt Instrument [Line Items]                      
Debt instrument net of discount             $ 53 0      
Debt instrument variable rate             7.83%        
Maturity date             Sep. 29, 2026        
Balance outstanding             $ 11,947 0      
Lamar Station Plaza West Loan [Member]                      
Debt Instrument [Line Items]                      
Debt instrument net of discount             $ 73 95      
Debt instrument variable rate             5.67%        
Maturity date             Dec. 10, 2027        
Balance outstanding             $ 18,927 18,317      
Lamont Street Preferred Interest [Member]                      
Debt Instrument [Line Items]                      
Debt instrument net of discount             $ 0 29      
Debt instrument variable rate [3]             13.50%        
Maturity date [3]             Sep. 30, 2023        
Balance outstanding [3]             $ 0 4,241      
Highlandtown Village Shopping Center Loan [Member]                      
Debt Instrument [Line Items]                      
Debt instrument net of discount             $ 38 14      
Debt instrument variable rate             4.13%        
Debt instrument variable rate [4]             6.09%        
Maturity date     May 10, 2028       May 10, 2028 [4]        
Balance outstanding [4]             $ 8,712 5,241      
Highlandtown Village Shopping Center Loan [Member] | Interest Rate Swap [Member]                      
Debt Instrument [Line Items]                      
Debt instrument variable rate     6.085%                
Interest rate of loan     6.085%                
Cromwell Field Shopping Center Loan [Member]                      
Debt Instrument [Line Items]                      
Debt instrument net of discount             $ 60 77      
Debt instrument variable rate             6.71%        
Maturity date             Dec. 22, 2027        
Balance outstanding             $ 10,597 10,113      
Midtown Row Loan [Member]                      
Debt Instrument [Line Items]                      
Debt instrument net of discount             $ 19 25      
Debt instrument variable rate             6.48%        
Maturity date             Dec. 01, 2027        
Balance outstanding             $ 75,981 75,975      
Spotswood Valley Square Shopping Center Loan [Member]                      
Debt Instrument [Line Items]                      
Debt instrument net of discount             $ 0 31      
Debt instrument variable rate             4.82%        
Maturity date             Jul. 06, 2023        
Balance outstanding             $ 0 11,849      
Coral Hills Shopping Center Loan [Member]                      
Debt Instrument [Line Items]                      
Debt instrument net of discount             $ 189 0      
Debt instrument variable rate             6.95%        
Maturity date             Oct. 31, 2033        
Balance outstanding             $ 12,560 0      
West Broad Shopping Center Loan [Member]                      
Debt Instrument [Line Items]                      
Debt instrument net of discount             $ 88 0      
Debt instrument variable rate             7.00%        
Maturity date             Dec. 21, 2033        
Balance outstanding             $ 11,712 0      
The Shops at Greenwood Village Loan [Member]                      
Debt Instrument [Line Items]                      
Debt instrument net of discount             $ 80 94      
Debt instrument variable rate             5.85%        
Maturity date             Oct. 10, 2028        
Balance outstanding             $ 22,218 22,772      
Lamont Street Minimum Multiple Amount [Member]                      
Debt Instrument [Line Items]                      
Balance outstanding               $ 300      
Greenwood Village [Member] | Interest Rate Swap [Member]                      
Debt Instrument [Line Items]                      
Interest rate of loan       5.85%       4.082%      
Greenwood Village [Member] | SOFR [Member]                      
Debt Instrument [Line Items]                      
Debt instrument variable rate       2.85%              
Interest rate of loan       5.85%              
Greenwood Village [Member] | Mortgage Loan [Member]                      
Debt Instrument [Line Items]                      
Interest rate of loan       5.85%              
Greenwood Village [Member] | Mortgage Loan [Member] | Interest Rate Swap [Member]                      
Debt Instrument [Line Items]                      
Interest rate of loan                     4.082%
Greenwood Village [Member] | Mortgage Loan [Member] | SOFR [Member]                      
Debt Instrument [Line Items]                      
Debt instrument variable rate       2.85%              
Greenwood Village [Member] | Mortgage Loan [Member] | Prime Rate [Member]                      
Debt Instrument [Line Items]                      
Debt instrument variable rate                     0.35%
[1] The outstanding balance includes less than $0.1 million and $0.3 million of exit fees at December 31, 2023 and 2022, respectively.
[2] On June 28, 2023, the Company entered into an agreement to amend the interest rate to 7.73% and extend the maturity date of this loan to June 24, 2024. On February 8, 2024, the Company refinanced the Vista Shops at Golden Mile Loan to extend the maturity date to February 8, 2029 and entered into an interest rate swap which fixes the interest rate of the new loan at 6.90%.
[3] The outstanding balance includes approximately $0.3 million of indebtedness as of December 31, 2022 related to the Lamont Street Minimum Multiple Amount (as defined below) owed to Lamont Street as described below under the heading “—Lamont Street Preferred Interest.”
[4] On May 5, 2023, the Company refinanced the Highlandtown Village Shopping Center Loan to extend the maturity date to May 10, 2028 and entered into an interest rate swap which fixes the interest rate of the new loan at 6.085% as described below under the heading “—Mortgage Indebtedness”. The prior loan carried an interest rate of 4.13%.