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Note 5 - Debt - (Details Textual)
1 Months Ended 3 Months Ended 12 Months Ended
Mar. 18, 2021
USD ($)
Jul. 02, 2020
USD ($)
Jun. 16, 2020
USD ($)
Capital
Apr. 20, 2020
USD ($)
Dec. 27, 2019
USD ($)
Derivative
Mar. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Jun. 30, 2020
USD ($)
Dec. 31, 2019
USD ($)
Subsidiary
Jun. 30, 2021
USD ($)
Mar. 31, 2021
USD ($)
Mar. 31, 2020
USD ($)
Dec. 31, 2020
USD ($)
Debt Instrument [Line Items]                          
Long-term debt outstanding           $ 126,986,000         $ 126,986,000    
Repayments of debt                     9,372,000 $ 2,887,000  
Principal balance of mortgage loan           125,037,000 $ 122,060,000       125,037,000   $ 122,060,000
PPP loan, interest rate       1.00%                  
Deferred financing costs, gross           1,600,000 1,400,000       1,600,000   1,400,000
Deferred financing costs, net           1,100,000 900,000       1,100,000   900,000
Debt discounts, gross           1,500,000 1,400,000       1,500,000   1,400,000
Debt instrument net of discount           $ 900,000 $ 900,000       900,000   $ 900,000
Income (expenses) related to fair value adjustments on derivatives                     $ 200,000 (600,000)  
2020 Real Estate Acquisitions [Member] | Lamar Station Plaza East [Member]                          
Debt Instrument [Line Items]                          
Assumption of debt   $ 2,500,000                      
2020 Real Estate Acquisitions [Member] | Lamar Station Plaza East [Member] | Loan Agreement [Member]                          
Debt Instrument [Line Items]                          
Maximum principal amount   $ 4,100,000                      
Debt instrument payment terms                     The loan was in default of the debt service coverage ratio (as defined in the loan agreement) upon the Company’s assumption of the loan agreement.    
MVB Revolver [Member]                          
Debt Instrument [Line Items]                          
Maturity date                     Dec. 27, 2021   Dec. 27, 2021
Interest Rate [1]           6.75% 6.75%       6.75%   6.75%
Mortgages [Member]                          
Debt Instrument [Line Items]                          
Outstanding mortgage indebtedness                     $ 41,600,000   $ 38,100,000
PPP Loan [Member]                          
Debt Instrument [Line Items]                          
Unsecured loan       $ 800,000                  
Second PPP Loan [Member]                          
Debt Instrument [Line Items]                          
Maturity date Mar. 18, 2026                        
Unsecured loan $ 800,000                        
PPP loan, interest rate 1.00%                        
Sub-OP [Member]                          
Debt Instrument [Line Items]                          
Number of additional capital contribution from preferred investor | Capital     2                    
Preferred investor, additional capital contribution     $ 2,900,000         $ 2,900,000          
Proceeds from refinance to repayment     750,000                    
Preferred units remaining contributed capital           $ 1,000,000         $ 1,000,000    
LIBOR [Member]                          
Debt Instrument [Line Items]                          
Debt instrument variable rate                     0.11%    
Prime Rate [Member] | MVB Revolver [Member]                          
Debt Instrument [Line Items]                          
Debt instrument variable rate                     1.50%    
Interest Rate Swap [Member]                          
Debt Instrument [Line Items]                          
Fair value of interest rate swap liability           600,000 $ 700,000       $ 600,000   700,000
Interest Rate Swap [Member] | Accounts Payable and Accrued Expenses [Member]                          
Debt Instrument [Line Items]                          
Fair value of interest rate swap liability           500,000 700,000       500,000   700,000
Maximum [Member]                          
Debt Instrument [Line Items]                          
Deferred financing costs, amortization expense           200,000         200,000 $ 200,000  
Maximum [Member] | Interest Rate Cap [Member]                          
Debt Instrument [Line Items]                          
Fair value of interest rate cap assets           100,000 100,000       100,000   100,000
Maximum [Member] | Interest Rate Cap [Member] | Other Assets, Net [Member]                          
Debt Instrument [Line Items]                          
Fair value of interest rate cap assets           $ 100,000 $ 100,000       $ 100,000   $ 100,000
Basis Term Loan [Member]                          
Debt Instrument [Line Items]                          
Number of subsidiaries as borrowers entered in loan agreement | Subsidiary                 6        
Maturity date                 Jan. 01, 2023   Jan. 01, 2023   Jan. 01, 2023
Maturity date description                     The Basis Term Loan matures on January 1, 2023, subject to two one-year extension options, subject to certain conditions.    
Interest Rate           6.125% [1] 6.125% [1]   6.125%   6.125% [1]   6.125% [1]
Long-term debt outstanding           $ 66,900,000         $ 66,900,000    
Preferred investor, additional capital contribution           2,900,000         2,900,000    
Debt instrument net of discount           $ 653,000 $ 745,000       $ 653,000   $ 745,000
Basis Term Loan [Member] | Sub-OP [Member]                          
Debt Instrument [Line Items]                          
Preferred investor, additional capital contribution     2,400,000                    
Basis Term Loan [Member] | LIBOR [Member]                          
Debt Instrument [Line Items]                          
Debt instrument variable rate                 3.85%   3.85%    
Basis Term Loan [Member] | Interest Rate Cap [Member]                          
Debt Instrument [Line Items]                          
Long-term debt amount         $ 66,900,000                
Debt instrument variable rate         6.125%                
Basis Term Loan [Member] | Interest Rate Cap [Member] | LIBOR [Member]                          
Debt Instrument [Line Items]                          
Debt instrument variable rate         3.85%           3.50%    
Derivative variable rate                 3.50%        
Debt instrument, effective interest rate         3.50%                
Basis Term Loan [Member] | Maximum [Member]                          
Debt Instrument [Line Items]                          
Long-term debt amount                 $ 66,900,000        
Basis Preferred Interest [Member]                          
Debt Instrument [Line Items]                          
Maturity date [2],[3]                     Jan. 01, 2023   Jan. 01, 2023
Interest Rate [1],[3],[4]           14.00% 14.00%       14.00%   14.00%
Debt instrument net of discount           $ 131,000 $ 150,000       $ 131,000   $ 150,000
Basis Preferred Interest [Member] | Sub-OP [Member]                          
Debt Instrument [Line Items]                          
Preferred investor investment commitment amount                 $ 10,700,000        
Preferred investor, capital contribution                     $ 6,900,000    
Annual return percentage on initial capital contribution                 14.00%        
Interest percentage on excess of commitment amount                 20.00%        
Description on extended redemption date                     December 31, 2023 and December 31, 2024    
Payment fee percentage, first extension option                 0.25%        
Payment fee percentage, second extension option                 0.50%        
Preferred Investor payments, description                     Additionally, at the Redemption Date, the Preferred Investor is entitled to an amount equal to (a) the product of (i) the aggregate amount of capital contributions made and (ii) 0.4, less (b) the aggregate amount of Class A return payments made to the Preferred Investor (the “Minimum Multiple Amount”).    
Basis Preferred Interest [Member] | Sub-OP [Member] | Class A Units [Member]                          
Debt Instrument [Line Items]                          
Interest percentage in exchange of capital contribution                     1.00%    
Basis Preferred Interest [Member] | Maximum [Member]                          
Debt Instrument [Line Items]                          
Preferred investor investment commitment amount                 $ 10,700,000        
Basis Preferred Interest Minimum Multiple Amount [Member]                          
Debt Instrument [Line Items]                          
Long-term debt outstanding           1,500,000 $ 1,800,000       $ 1,500,000   $ 1,800,000
Basis Preferred Interest Minimum Multiple Amount [Member] | Sub-OP [Member]                          
Debt Instrument [Line Items]                          
Long-term debt outstanding           $ 1,500,000         1,500,000    
Other Capital Contribution [Member] | Sub-OP [Member]                          
Debt Instrument [Line Items]                          
Preferred investor, additional capital contribution     $ 500,000                    
Preferred units, cumulative annual return     13.00%         13.00%          
MVB Loan Agreement [Member]                          
Debt Instrument [Line Items]                          
Long-term debt outstanding                 $ 6,500,000        
Loan agreement deposit requirement                     $ 3,000,000    
Loan agreement deposit requirement default interest charges percentage                     1.00%    
MVB Loan Agreement [Member] | MVB Revolver [Member]                          
Debt Instrument [Line Items]                          
Maturity date             Dec. 27, 2021   Dec. 27, 2020   Dec. 27, 2022    
Interest Rate           6.75%         6.75%    
Long-term debt outstanding                 $ 2,000,000        
Line of credit facility, periodic payment required             $ 250,000       $ 250,000    
Repayments of debt                     $ 250,000    
Line of credit facility, payments term             10 years       10 years    
MVB Loan Agreement [Member] | MVB Term Loan [Member]                          
Debt Instrument [Line Items]                          
Maturity date                 Dec. 27, 2022        
Interest Rate                 6.75%        
Long-term debt outstanding                 $ 4,500,000        
MVB Loan Agreement [Member] | MVB Term Loan [Member] | MVB Revolver [Member]                          
Debt Instrument [Line Items]                          
Debt instrument additional borrowing available           $ 0         $ 0    
MVB Loan Agreement [Member] | Prime Rate [Member] | MVB Revolver [Member]                          
Debt Instrument [Line Items]                          
Debt instrument variable rate                 1.50%        
MVB Loan Agreement [Member] | Maximum [Member]                          
Debt Instrument [Line Items]                          
Debt service coverage ratio           1.30%         1.30%    
MVB Loan Agreement [Member] | Maximum [Member] | MVB Revolver [Member]                          
Debt Instrument [Line Items]                          
Debt service coverage ratio             1.00%           1.00%
MVB Loan Agreement [Member] | Minimum [Member]                          
Debt Instrument [Line Items]                          
Debt service coverage ratio           1.00%         1.00%    
Consolidated funded debt ratio                     8.00%    
Funds available under other lines of credit                     $ 5,000,000    
MVB Loan Agreement [Member] | Minimum [Member] | MVB Revolver [Member]                          
Debt Instrument [Line Items]                          
Debt service coverage ratio             1.00%           1.00%
Funds available under other lines of credit             $ 3,000,000            
Hollinswood Loan [Member] | Maximum [Member]                          
Debt Instrument [Line Items]                          
Debt service coverage ratio           1.40%         1.40%    
Hollinswood Loan [Member] | Minimum [Member]                          
Debt Instrument [Line Items]                          
Debt service coverage ratio           1.00%         1.00%    
Vista Mortgage [Member] | Maximum [Member]                          
Debt Instrument [Line Items]                          
Debt service coverage ratio           1.50%         1.50%    
Vista Mortgage [Member] | Minimum [Member]                          
Debt Instrument [Line Items]                          
Debt service coverage ratio           1.00%         1.00%    
Brookhill Mortgage [Member] | Maximum [Member]                          
Debt Instrument [Line Items]                          
Debt service coverage ratio           1.35%         1.35%    
Brookhill Mortgage [Member] | Minimum [Member]                          
Debt Instrument [Line Items]                          
Debt service coverage ratio           1.00%         1.00%    
Lamar Station Plaza East Mortgage [Member] | Maximum [Member]                          
Debt Instrument [Line Items]                          
Debt service coverage ratio           1.25%         1.25%    
Lamar Station Plaza East Mortgage [Member] | Minimum [Member]                          
Debt Instrument [Line Items]                          
Debt service coverage ratio           1.00%         1.00%    
Vista Shops at Golden Mile Loan [Member]                          
Debt Instrument [Line Items]                          
Maturity date                     Jun. 24, 2023   Jun. 24, 2023
Interest Rate [1]           3.83% 3.83%       3.83%   3.83%
Mortgage loan maturity period           2023-06              
Principal balance of mortgage loan           $ 11,700,000         $ 11,700,000    
Payment of basis preferred interest           1,900,000              
Debt instrument net of discount           $ 83,000         $ 83,000    
Vista Shops at Golden Mile Loan [Member] | Forecast [Member]                          
Debt Instrument [Line Items]                          
Payment of accrued interest                   $ 46,000      
Payment to escrow account                   1,100,000      
Vista Shops at Golden Mile Loan [Member] | Sub-OP [Member] | Forecast [Member]                          
Debt Instrument [Line Items]                          
Payment of basis preferred interest                   $ 750,000      
Hollinswood Loan [Member]                          
Debt Instrument [Line Items]                          
Maturity date                     Dec. 01, 2024   Dec. 01, 2024
Interest Rate [1]           4.06% 4.06%       4.06%   4.06%
Hollinswood Loan [Member] | LIBOR [Member]                          
Debt Instrument [Line Items]                          
Debt instrument variable rate                     2.25%   2.25%
Hollinswood Loan [Member] | Interest Rate Cap [Member]                          
Debt Instrument [Line Items]                          
Debt instrument variable rate         4.06%                
Hollinswood Loan [Member] | Interest Rate Swap [Member]                          
Debt Instrument [Line Items]                          
Long-term debt outstanding         $ 10,200,000                
Debt instrument additional borrowing available         $ 3,000,000                
Number of derivatives held | Derivative         2                
[1] For floating rate loans tied to LIBOR, based on the one-month LIBOR rate of 0.11%, as of March 31, 2021.
[2] 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.
[3] 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”.
[4] 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.