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Note 3 - Investment in Eagles Sub-OP - Schedule of Debt Balance (Details) - Eagles Sub-OP [Member] - USD ($)
$ in Thousands
6 Months Ended
Feb. 08, 2024
Jun. 30, 2025
Dec. 31, 2024
Debt Instrument [Line Items]      
Balance outstanding   $ 249,047 $ 249,164
Unamortized deferred financing costs, net   (1,819) (2,114)
Total Mortgage and Other Indebtedness   $ 247,228 247,050
Hollinswood Shopping Center Loan [Member]      
Debt Instrument [Line Items]      
Maturity Date [1]   Sep. 01, 2025  
Rate Type [1]   SOFR + 2.36  
Interest Rate [1],[2]   4.06%  
Balance outstanding [1]   $ 12,014 12,104
Avondale Shops Loan [Member]      
Debt Instrument [Line Items]      
Maturity Date [3]   Dec. 01, 2025  
Rate Type   Fixed  
Interest Rate [2]   4.00%  
Balance outstanding   $ 2,682 2,745
Vista Shops at Golden Mile Loan [Member]      
Debt Instrument [Line Items]      
Maturity Date Feb. 08, 2029 Feb. 08, 2029 [4]  
Rate Type [4]   Fixed  
Interest Rate [2],[4]   6.90%  
Balance outstanding [4]   $ 15,879 15,985
Brookhill Azalea Shopping Center Loan [Member]      
Debt Instrument [Line Items]      
Maturity Date [5]   Jul. 29, 2025  
Rate Type [5]   SOFR + 3.09  
Interest Rate [2],[5]   7.41%  
Balance outstanding [5]   $ 9,181 9,198
Crestview Shopping Center Loan [Member]      
Debt Instrument [Line Items]      
Maturity Date   Sep. 29, 2026  
Rate Type   Fixed  
Interest Rate [2]   7.83%  
Balance outstanding   $ 11,782 11,856
Lamar Station Plaza West Loan [Member]      
Debt Instrument [Line Items]      
Maturity Date   Dec. 10, 2027  
Rate Type   Fixed  
Interest Rate [2]   5.67%  
Balance outstanding   $ 18,404 18,585
Highlandtown Village Shopping Center Loan [Member]      
Debt Instrument [Line Items]      
Maturity Date   May 10, 2028  
Rate Type [6]   SOFR + 2.5  
Interest Rate [2]   6.09%  
Balance outstanding   $ 8,714 8,721
Midtown Colonial and Midtown Lamonticello Shopping Center Loan [Member]      
Debt Instrument [Line Items]      
Maturity Date [7]   May 01, 2027  
Rate Type [7]   Fixed  
Interest Rate [2],[7]   7.92%  
Balance outstanding [7]   $ 19,028 18,992
Midtown Row Loan [Member]      
Debt Instrument [Line Items]      
Maturity Date   Dec. 01, 2027  
Rate Type   Fixed  
Interest Rate [2]   6.48%  
Balance outstanding   $ 75,988 75,986
Fortress Mezzanine Loan [Member]      
Debt Instrument [Line Items]      
Maturity Date [8]   Dec. 01, 2027  
Rate Type [8]   Fixed  
Interest Rate [2],[8],[9]   18.00%  
Balance outstanding [8]   $ 17,351 16,911
Cromwell Field Shopping Center Loan [Member]      
Debt Instrument [Line Items]      
Maturity Date   Dec. 22, 2027  
Rate Type   Fixed  
Interest Rate [2]   6.71%  
Balance outstanding [10]   $ 12,939 12,508
Coral Hills Shopping Center Loan [Member]      
Debt Instrument [Line Items]      
Maturity Date   Oct. 31, 2033  
Rate Type   Fixed  
Interest Rate [2]   6.95%  
Balance outstanding   $ 12,287 12,385
West Broad Shopping Center Loan [Member]      
Debt Instrument [Line Items]      
Maturity Date   Dec. 21, 2033  
Rate Type   Fixed  
Interest Rate [2]   7.00%  
Balance outstanding   $ 11,454 11,545
The Shops at Greenwood Village [Member]      
Debt Instrument [Line Items]      
Maturity Date   Oct. 10, 2028  
Rate Type [11]   SOFR + 2.85  
Interest Rate [2]   5.85%  
Balance outstanding   $ 21,344 $ 21,643
[1] The Company entered into an interest rate swap which fixed the interest rate of this loan at 4.06% until December 1, 2024. On October 28, 2024, the Company entered into an agreement to extend the maturity date of this loan to March 1, 2025. On March 27, 2025, the Company entered into another agreement to further extend the maturity date of this loan to June 1, 2025. On May 6, 2025, the maturity date of this loan was further extended to September 1, 2025.
[2] Interest rates are as of June 30, 2025.
[3] On May 6, 2025, the maturity date of this loan was extended to December 1, 2025.
[4] On February 8, 2024, the Company refinanced the Vista Shops at Golden Mile Loan. The maturity date of the new loan is February 8, 2029. The Company entered into an interest rate swap which fixes the interest rate of the new loan at 6.90% for the term of the loan.
[5] On January 31, 2025, the Company entered into an agreement to extend the maturity date of this loan to April 30, 2025. On May 20, 2025, the lender further extend the maturity date of this loan to July 29, 2025 and amended the interest rate to SOFR plus 3.09%. This loan was paid off on July 25, 2025 with proceeds from the sale of the underlying property.
[6] The Company has entered into an interest rate swap which fixes the interest rate of this loan at 6.09%.
[7] This loan was originated on April 30, 2024.
[8] The outstanding balance reflects the fair value of the debt.
[9] A portion of the interest on this loan is paid in cash (the “Current Interest”) and a portion of the interest is capitalized and added to the principal amount of the loan each month (the “Capitalized Interest”) and, together with the Current Interest, the “Mezzanine Loan Interest”). The initial Mezzanine Loan Interest rate was 12% per annum, comprised of a 5% Current Interest rate and a 7% Capitalized Interest rate. The Capitalized Interest rate increases each year by 1% and effective April 8, 2025, the interest rate was increased by 4% as a result of the Trigger Event. As of June 30, 2025, the Capitalized Interest rate was 13%.
[10] At June 30, 2025 and December 31, 2024, there was additional borrowing capacity of $2.0 million and $2.4 million, respectively, available for the Company to fund leasing costs and for the performance earnout.
[11] The Company has entered into an interest rate swap which fixes the interest rate of this loan at 5.85%.