Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Summary of Estimated Useful Lives of Assets

The estimated useful lives are as follows:

Buildings	20-40 years
Land improvements	15 years
Furniture/fixtures	3-10 years
Tenant improvements	Lease term

Summary of Intangible Assets and Liabilities, Net of Accumulated Amortization

The following table presents our intangible assets and liabilities, net of accumulated amortization, as of December 31, 2022 and 2021:

	December 31,
(in thousands of dollars)	2022		2021
Intangible Assets:
Value of in-place lease intangibles, net	$	3,374	$	4,805
Goodwill, net		5,249		5,249
Total intangible assets	$	8,623	$	10,054
Intangible Liabilities:
Below-market lease intangibles, net	$	84	$	95
Total intangible liabilities	$	84	$	95

Summary of Intangible Assets Amortized in Next Five Years

In the normal course of business, our intangible assets will amortize in the next five years and thereafter as follows:

(in thousands of dollars)	Value of Lease		Below Market
For the Year Ending December 31,	Intangibles		Leases, net
2023	$	1,097	$	(10	)
2024		1,057		(10	)
2025		308		(10	)
2026		222		(10	)
2027		221		(10	)
2028 and thereafter		469		(34	)
Total	$	3,374	$	(84	)

Schedule of Capitalized Salaries, Commissions and Benefits, Real Estate Taxes and Interest

The following table summarizes our capitalized salaries, commissions and benefits, real estate taxes and interest for the years ended December 31, 2022 and 2021:

	For the Year Ended December 31,
(in thousands of dollars)	2022		2021
Development/Redevelopment:
Salaries and benefits	$	46	$	96
Interest	$	164	$	176
Leasing:
Salaries, commissions and benefits	$	239	$	164