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Note 4 - Property Acquisitions - Acquisition of Operating Properties (Details)
ft² in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
USD ($)
ft²
Dec. 31, 2021
USD ($)
ft²
Purchase price, cash $ 300,437 [1] $ 357,694
Purchase price, debt 88,792 234,169
Rancho San Marcos Parcel 135,633 304,844
Purchase price, total $ 524,892 $ 896,707
GLA (Square Foot) | ft² [2] 934 3,256
Distribution Center 1 [Member] | Lancaster, CA [Member]    
Purchase price, cash [3]   $ 58,723
Purchase price, debt [3]   0
Rancho San Marcos Parcel [3]   11,277
Purchase price, total [3]   $ 70,000
GLA (Square Foot) | ft² [2],[3]   927
Distribution Center 2 [Member] | Woodland, CA [Member]    
Purchase price, cash [3]   $ 27,589
Purchase price, debt [3]   0
Rancho San Marcos Parcel [3]   6,411
Purchase price, total [3]   $ 34,000
GLA (Square Foot) | ft² [2],[3]   508
Rancho San Marcos Parcel [Member]    
Purchase price, cash [1] $ 2,407  
Purchase price, debt 0  
Rancho San Marcos Parcel 0  
Purchase price, total $ 2,407  
GLA (Square Foot) | ft² [2] 6  
Columbia Crossing [Member]    
Purchase price, cash $ 16,239 [1] $ 12,600
Purchase price, debt 0 0
Rancho San Marcos Parcel 0 0
Purchase price, total $ 16,239 $ 12,600
GLA (Square Foot) | ft² [2] 60 45
Oak Forest Parcel [Member]    
Purchase price, cash [1] $ 3,846  
Purchase price, debt 0  
Rancho San Marcos Parcel 0  
Purchase price, total $ 3,846  
GLA (Square Foot) | ft² [2] 4  
Jamestown [Member]    
Purchase price, cash [4]   $ 172,899
Purchase price, debt [4]   170,000
Rancho San Marcos Parcel [4]   87,094
Purchase price, total [4]   $ 429,993
GLA (Square Foot) | ft² [2],[4]   1,226
Devon Village [Member]    
Purchase price, cash [1],[5] $ 733  
Purchase price, debt [5] 0  
Rancho San Marcos Parcel [5] 0  
Purchase price, total [5] $ 733  
GLA (Square Foot) | ft² [2],[5] 0  
Kim Pru [Member]    
Purchase price, cash [4]   $ 61,705
Purchase price, debt [4]   64,169
Rancho San Marcos Parcel [4]   15,212
Purchase price, total [4]   $ 141,086
GLA (Square Foot) | ft² [2],[4]   478
Fishtown Crossing [Member]    
Purchase price, cash [1] $ 39,291  
Purchase price, debt 0  
Rancho San Marcos Parcel 0  
Purchase price, total $ 39,291  
GLA (Square Foot) | ft² [2] 133  
Carman's Plaza [Member]    
Purchase price, cash [1] $ 51,423  
Purchase price, debt 0  
Rancho San Marcos Parcel 0  
Purchase price, total $ 51,423  
GLA (Square Foot) | ft² [2] 195  
Centro Arlington [Member]    
Purchase price, cash [4]   $ 24,178
Purchase price, debt [4]   0
Rancho San Marcos Parcel [4]   184,850
Purchase price, total [4]   $ 209,028
GLA (Square Foot) | ft² [2],[4]   72
Pike Center [Member]    
Purchase price, cash [1],[5] $ 21,850  
Purchase price, debt [5] 0  
Rancho San Marcos Parcel [5] 0  
Purchase price, total [5] $ 21,850  
GLA (Square Foot) | ft² [2],[5] 0  
Baybrook Gateway [Member]    
Purchase price, cash [1],[5] $ 2,978  
Purchase price, debt [5] 0  
Rancho San Marcos Parcel [5] 0  
Purchase price, total [5] $ 2,978  
GLA (Square Foot) | ft² [2],[5] 0  
Portfolio (8 Properties) [Member]    
Purchase price, cash [1],[6] $ 152,078  
Purchase price, debt [6] 88,792  
Rancho San Marcos Parcel [6] 135,663  
Purchase price, total [6] $ 376,533  
GLA (Square Foot) | ft² [2],[6] 536  
Gordon Plaza [Member]    
Purchase price, cash [1],[5] $ 5,573  
Purchase price, debt [5] 0  
Rancho San Marcos Parcel [5] 0  
Purchase price, total [5] $ 5,573  
GLA (Square Foot) | ft² [2],[5] 0  
The Gardens at Great Neck [Member]    
Purchase price, cash [1],[5] $ 4,019  
Purchase price, debt [5] 0  
Rancho San Marcos Parcel [5] 0  
Purchase price, total [5] $ 4,019  
GLA (Square Foot) | ft² [2],[5] 0  
[1] Includes $19.7 million of Internal Revenue Code 26 U.S.C. §1031 proceeds held in escrow for acquisition of real estate interests for the year ended December 31, 2022.
[2] Gross leasable area ("GLA")
[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 Income. See Footnote 16 of the Company's Consolidated Financial Statements for additional discussion regarding fair value allocation of partnership interest for noncontrolling interests.
[4] 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.
[5] Land parcel
[6] Other consists of redeemable noncontrolling interest unitholders of $79.7 million and an embedded derivative liability associated with put and call options of these unitholders of $56.0 million. See Footnotes 15 and 16 of the Company's Consolidated Financial Statements for additional discussion regarding fair value allocation to unitholders for noncontrolling interests.