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Note 5 - Debt - Schedule of Debt Balance (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2019
Mar. 31, 2021
Dec. 31, 2020
Debt Instrument [Line Items]      
Balance outstanding   $ 126,107 $ 122,977
Unamortized deferred financing costs   (1,070) (917)
Total Mortgage and Other Indebtedness   $ 125,037 $ 122,060
Basis Term Loan [Member]      
Debt Instrument [Line Items]      
Maturity date Jan. 01, 2023 Jan. 01, 2023 Jan. 01, 2023
Rate Type [1]   Floating Floating
Interest Rate 6.125% 6.125% [2] 6.125% [2]
Balance outstanding   $ 66,532 $ 66,439
Basis Preferred Interest [Member]      
Debt Instrument [Line Items]      
Maturity date [3],[4]   Jan. 01, 2023 Jan. 01, 2023
Rate Type [4]   Fixed Fixed
Interest Rate [2],[4],[5]   14.00% 14.00%
Balance outstanding [4]   $ 11,211 $ 11,434
MVB Term Loan [Member]      
Debt Instrument [Line Items]      
Maturity date   Dec. 27, 2022 Dec. 27, 2022
Rate Type   Fixed Fixed
Interest Rate [2]   6.75% 6.75%
Balance outstanding   $ 4,193 $ 4,277
Hollinswood Loan [Member]      
Debt Instrument [Line Items]      
Maturity date   Dec. 01, 2024 Dec. 01, 2024
Rate Type [6]   LIBOR + 2.25% LIBOR + 2.25%
Interest Rate [2]   4.06% 4.06%
Balance outstanding   $ 12,619 $ 11,670
Avondale Shops Loan [Member]      
Debt Instrument [Line Items]      
Maturity date   Jun. 01, 2025 Jun. 01, 2025
Rate Type   Fixed Fixed
Interest Rate [2]   4.00% 4.00%
Balance outstanding   $ 3,179 $ 3,205
Vista Shops at Golden Mile Loan [Member]      
Debt Instrument [Line Items]      
Maturity date   Jun. 24, 2023 Jun. 24, 2023
Rate Type   Fixed Fixed
Interest Rate [2]   3.83% 3.83%
Balance outstanding   $ 11,617 $ 8,902
Total Mortgage and Other Indebtedness   $ 11,700  
Brookhill Azalea Shopping Center Loan [Member]      
Debt Instrument [Line Items]      
Maturity date   Jan. 31, 2025 Jan. 31, 2025
Rate Type   LIBOR + 2.75% LIBOR + 2.75%
Interest Rate [2]   2.86% 2.86%
Balance outstanding   $ 9,329 $ 9,432
Lamar Station Plaza East Loan [Member]      
Debt Instrument [Line Items]      
Maturity date   Jul. 17, 2021 Jul. 17, 2021
Rate Type [7]   LIBOR + 3.00% LIBOR + 3.00%
Interest Rate [2]   4.00% 4.00%
Balance outstanding   $ 3,497 $ 3,446
Cromwell Land Loan [Member]      
Debt Instrument [Line Items]      
Maturity date   Jan. 10, 2023 Jan. 10, 2023
Rate Type   Fixed Fixed
Interest Rate [2]   6.75% 6.75%
Balance outstanding   $ 1,411 $ 1,415
First Paycheck Protection Program Loan [Member]      
Debt Instrument [Line Items]      
Maturity date [8]   Apr. 20, 2022 Apr. 20, 2022
Rate Type   Fixed Fixed
Interest Rate [2]   1.00% 1.00%
Balance outstanding     $ 757
Second Paycheck Protection Program Loan [Member]      
Debt Instrument [Line Items]      
Maturity date   Mar. 18, 2026 Mar. 18, 2026
Rate Type   Fixed Fixed
Interest Rate [2]   1.00% 1.00%
Balance outstanding   $ 769  
MVB Revolver [Member]      
Debt Instrument [Line Items]      
Maturity date   Dec. 27, 2021 Dec. 27, 2021
Rate Type [9]   Floating Floating
Interest Rate [2]   6.75% 6.75%
Balance outstanding   $ 1,750 $ 2,000
[1] The interest rate for the Basis Term Loan is the greater of (i) LIBOR plus 3.850% per annum and (ii) 6.125% per annum. The Company has entered into an interest rate cap that caps the LIBOR rate on this loan at 3.5%.
[2] For floating rate loans tied to LIBOR, based on the one-month LIBOR rate of 0.11%, as of March 31, 2021.
[3] 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.
[4] The outstanding balance includes approximately $1.5 million and $1.8 million of indebtedness as of March 31, 2021 and December 31, 2020, respectively, related to the Multiple Minimum Amount owed to the Preferred Investor as described below under the heading “—Basis Preferred Interest”.
[5] In June 2020, the Preferred Investor made additional capital contributions of approximately $2.9 million as described below under the heading “—Basis Preferred Interest”. The Preferred Investor is entitled to a cumulative annual return of 13.0% on the additional contributions.
[6] The Company has entered into an interest rate swap which fixes the interest rate of the loan at 4.06%.
[7] The interest rate on the Lamar Station Plaza East Loan is LIBOR plus 3.00% per annum with a minimum LIBOR rate of 1.00%.
[8] During the first quarter of 2021, the Company received forgiveness for its first Paycheck Protection Program Loan as described below under the heading “—PPP Loans”.
[9] The interest rate on the MVB Revolver is the greater of (i) prime rate plus 1.5% and (ii) 6.75%.