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Note 6 - Mortgage and Other Indebtedness - Schedule of Debt Balance (Details) - USD ($)
$ in Thousands
1 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2019
Jun. 30, 2021
Dec. 31, 2020
Mar. 31, 2021
Debt Instrument [Line Items]        
Balance outstanding   $ 159,944 $ 122,977  
Unamortized deferred financing costs   (1,184) (917)  
Total Mortgage and Other Indebtedness   $ 158,760 $ 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   $ 66,625 $ 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]   $ 9,970 $ 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   $ 4,109 $ 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   $ 13,144 $ 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   $ 3,152 $ 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   3.83% [2] 3.83% [2] 3.83%
Balance outstanding   $ 11,648 $ 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]   2.85% 2.85%  
Balance outstanding   $ 9,238 $ 9,432  
Lamar Station Plaza East Loan [Member]        
Debt Instrument [Line Items]        
Maturity Date [7]   Jul. 17, 2022 Jul. 17, 2022  
Rate Type [8]   LIBOR + 3.00% LIBOR + 3.00%  
Interest Rate [2]   4.00% 4.00%  
Balance outstanding   $ 3,515 $ 3,446  
Cromwell Land Loan [Member]        
Debt Instrument [Line Items]        
Maturity Date [9]   Jan. 10, 2023 Jan. 10, 2023  
Rate Type [9]     Fixed  
Interest Rate [2],[9]     6.75%  
Balance outstanding [9]     $ 1,415  
First Paycheck Protection Program Loan [Member]        
Debt Instrument [Line Items]        
Maturity Date [10]   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    
Lamont Street Preferred Interest [Member]        
Debt Instrument [Line Items]        
Maturity Date [11]   Sep. 30, 2023    
Rate Type [11]   Fixed    
Interest Rate [2],[11]   13.50%    
Balance outstanding [11]   $ 4,744    
Highlandtown Village Shopping Center Loan [Member]        
Debt Instrument [Line Items]        
Maturity Date   May 06, 2023    
Rate Type   Fixed    
Interest Rate [2]   4.132%    
Balance outstanding   $ 5,422    
Cromwell Field Shopping Center Loan [Member]        
Debt Instrument [Line Items]        
Maturity Date [11]   Nov. 15, 2022    
Rate Type [12]   LIBOR + 5.40%    
Interest Rate [2]   5.90%    
Balance outstanding   $ 12,166    
Cromwell Field Shopping Center Mezzanine Loan [Member]        
Debt Instrument [Line Items]        
Maturity Date   Nov. 15, 2022    
Rate Type   Fixed    
Interest Rate [2]   10.00%    
Balance outstanding   $ 1,502    
Spotswood Valley Square Shopping Center Loan [Member]        
Debt Instrument [Line Items]        
Maturity Date   Jul. 06, 2023    
Rate Type   Fixed    
Interest Rate [2]   4.8235%    
Balance outstanding   $ 12,219    
MVB Revolver [Member]        
Debt Instrument [Line Items]        
Maturity Date   Dec. 27, 2021 Dec. 27, 2021  
Rate Type [13]   Floating Floating  
Interest Rate [2]   6.75% 6.75%  
Balance outstanding   $ 1,721 $ 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 0.10%, as of June 30, 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 $1.3 million and $1.8 million of indebtedness as of June 30, 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” of which approximately $1.9 million was outstanding at June 30, 2021. 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] In July 2021, the Company entered into a modification to the Lamar Station Plaza East loan to extend the maturity date to July 2022 as described below under the heading “—Mortgage Indebtedness”.
[8] 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%.
[9] The Company paid off the remaining principal balance of the Cromwell land loan during the second quarter of 2021.
[10] 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”.
[11] The outstanding balance includes approximately $0.9 million of indebtedness as of June 30, 2021 related to the Lamont Street Minimum Multiple Amount owed to Lamont Street as described below under the heading “Lamont Street Preferred Interest”.
[12] The interest rate on the Cromwell Field Shopping Center Loan is LIBOR plus 5.40% per annum with a minimum LIBOR rate of 0.50%.
[13] The interest rate on the MVB Revolver is the greater of (i) prime rate plus 1.5% and (ii) 6.75%.