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Note 4 - Property Acquisitions (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
          

Purchase Price

     

Property Name

 

Location

  

Month Acquired

  

Cash

  

Debt

  

Other

  

Total

  

GLA*

 

Rancho San Marcos Parcel

 

San Marcos, CA

  

Jan-22

  $2,407  $-  $-  $2,407   6 

Columbia Crossing Parcel

 

Columbia, MD

  

Feb-22

   16,239   -   -   16,239   60 

Oak Forest Parcel

 

Houston, TX

  

Jun-22

   3,846   -   -   3,846   4 

Devon Village (1)

 

Devon, PA

  

Jun-22

   733   -   -   733   - 

Fishtown Crossing

 

Philadelphia, PA

  

Jul-22

   39,291   -   -   39,291   133 

Carman’s Plaza

 

Massapequa, NY

  

Jul-22

   51,423   -   -   51,423   195 

Pike Center (1)

 

Rockville, MD

  

Jul-22

   21,850   -   -   21,850   - 

Baybrook Gateway (1)

 

Webster, TX

  

Oct-22

   2,978   -   -   2,978   - 

Portfolio (8 Properties) (2)

 

Long Island, NY

  

Nov-22

   152,078   88,792   135,663   376,533   536 

Gordon Plaza (1)

 

Woodbridge, VA

  

Nov-22

   5,573   -   -   5,573   - 

The Gardens at Great Neck (1)

 

Great Neck, NY

  

Dec-22

   4,019   -   -   4,019   - 
          $300,437  $88,792  $135,633  $524,892   934 
          

Purchase Price

     

Property Name

 

Location

  

Month Acquired/ Consolidated

  

Cash

  

Debt

  

Other

  

Total

  

GLA

 

Distribution Center #1 (1)

 

Lancaster, CA

  

Jan-21

  $58,723  $-  $11,277  $70,000   927 

Distribution Center #2 (1)

 

Woodland, CA

  

Jan-21

   27,589   -   6,411   34,000   508 

Jamestown Portfolio (6 properties) (2)

 

Various

  

Oct-21

   172,899   170,000   87,094   429,993   1,226 

KimPru Portfolio (2 properties) (2)

 

Various

  

Oct-21

   61,705   64,169   15,212   141,086   478 

Columbia Crossing Parcel

 

Columbia, MD

  

Oct-21

   12,600   -   -   12,600   45 

Centro Arlington (2)

 

Arlington, VA

  

Nov-21

   24,178   -   184,850   209,028   72 
          $357,694  $234,169  $304,844  $896,707   3,256 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
  

Allocation as of

December 31, 2022

  

Weighted-

Average Useful

Life (in Years)

  

Allocation as of

December 31, 2021

  

Weighted-

Average Useful

Life (in Years)

 

Land

 $207,067   n/a  $154,320   n/a 

Buildings

  271,525   50.0   679,646   50.0 

Building improvements

  13,273   45.0   18,476   45.0 

Tenant improvements

  11,689   7.9   16,391   8.5 

Solar panels

  2,308   20.0   -   n/a 

In-place leases

  28,405   6.9   48,648   9.1 

Above-market leases

  8,408   8.3   6,581   6.5 

Below-market leases

  (24,069)  16.1   (39,712)  38.9 

Mortgage fair value adjustment

  9,430   6.5   -   n/a 

Other assets

  -   n/a   21,331   n/a 

Other liabilities

  (3,144)   n/a   (8,974)  n/a 

Net assets acquired/consolidated

 $524,892      $896,707