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Note 4 - Property Acquisitions - Acquisition of Operating Properties (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2021
USD ($)
ft²
Dec. 31, 2020
USD ($)
ft²
Purchase price, cash $ 357,694  
Purchase price, debt 234,169  
Purchase price, other consideration 304,844  
Purchase price, total $ 896,707  
GLA (Square Foot) | ft² [1] 3,256  
Purchase Price Cash $ 357,694  
Jamestown [Member]    
Purchase price, cash 172,899  
Purchase price, debt [2] 170,000  
Purchase price, other consideration [2] 87,094  
Purchase price, total [2] $ 429,993  
GLA (Square Foot) | ft² [1],[2] 1,226  
Purchase Price Cash $ 172,899  
Kim Pru [Member]    
Purchase price, cash 61,705  
Purchase price, debt [2] 64,169  
Purchase price, other consideration [2] 15,212  
Purchase price, total [2] $ 141,086  
GLA (Square Foot) | ft² [1],[2] 478  
Purchase Price Cash $ 61,705  
Columbia Crossing [Member]    
Purchase price, cash 12,600  
Purchase price, debt 0  
Purchase price, other consideration 0  
Purchase price, total $ 12,600  
GLA (Square Foot) | ft² [1] 45  
Purchase Price Cash $ 12,600  
Centro Arlington [Member]    
Purchase price, cash 24,178  
Purchase price, debt [2] 0  
Purchase price, other consideration [2] 184,850  
Purchase price, total [2] $ 209,028  
GLA (Square Foot) | ft² [1],[2] 72  
Purchase Price Cash $ 24,178  
Distribution Center 1 [Member] | Lancaster, CA [Member]    
Purchase price, cash 58,723  
Purchase price, debt [3] 0  
Purchase price, other consideration [3] 11,277  
Purchase price, total [3] $ 70,000  
GLA (Square Foot) | ft² [1],[3] 927  
Purchase Price Cash $ 58,723  
North Valley Parcel [Member]    
Purchase price, cash   $ 7,073
GLA (Square Foot) | ft² [1]   9,000
Purchase Price Cash   $ 7,073
Distribution Center 2 [Member] | Woodland, CA [Member]    
Purchase price, cash 27,589  
Purchase price, debt [3] 0  
Purchase price, other consideration [3] 6,411  
Purchase price, total [3] $ 34,000  
GLA (Square Foot) | ft² [1],[3] 508  
Purchase Price Cash $ 27,589  
[1] Gross leasable area ("GLA")
[2] Other includes the Company’s previously held equity investments and net gains on change in control. The Company evaluated these transactions pursuant to the FASB’s Consolidation guidance and as a result, recognized net gains on change in control of interests of $5.0 million, in aggregate, resulting from the fair value adjustments associated with the Company’s previously held equity interests, which are included in Equity in income of joint ventures, net on the Company’s Consolidated Statements of Income. The Company previously held an ownership interest of 30.0% in Jamestown Portfolio, 15.0% in KimPru Portfolio and 90.0% in Centro Arlington.
[3] Other consists of the fair value of the assets acquired which exceeded the purchase price upon closing. The transaction was a sale-leaseback with the seller which resulted in the recognition of a prepayment of rent of $17.7 million in accordance with ASC 842, Leases at closing. The prepayment of rent was amortized over the initial term of the lease through Revenues from rental properties, net on the Company's Consolidated Statements of Operations. See Footnote 16 of the Company’s Consolidated Financial Statements for additional discussion regarding fair value allocation of partnership interest for noncontrolling interests.