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INVESTMENTS IN REAL ESTATE (Tables)
3 Months Ended
Mar. 31, 2019
Banking And Thrift [Abstract]  
Summary of Investments in Real Estate

 

The table below summarizes our investments in real estate:

 

 

Book Value

 

 

 

As of March 31, 2019

 

 

As of December 31, 2018

 

Office real estate properties

 

$

48,886

 

 

$

48,760

 

Retail real estate properties

 

 

49,108

 

 

 

49,088

 

Parcels of land

 

 

18,744

 

 

 

18,744

 

Subtotal

 

 

116,738

 

 

 

116,592

 

Less: Accumulated depreciation and amortization

 

 

(9,742

)

 

 

(8,768

)

Investments in real estate, net

 

$

106,996

 

 

$

107,824

 

 

Summary of Minimum Future Lease Payments

The following table represents the minimum future lease payments for our office and retail properties as of March 31, 2019.

 

2019

$

7,072

 

2020

 

7,746

 

2021

 

5,620

 

2022

 

3,690

 

2023

 

1,980

 

2024 and thereafter

 

5,168

 

Total

$

31,276

 

Summary of Disposition and Each Property's Contribution The below table summarizes the current year dispositions and also presents each property’s contribution to net income (loss) allocable to common shares, excluding the impact of any gain (loss) on sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) allocable to common shares

 

Property Name

 

Property Type

 

Date of Sale

 

Sale Price

 

 

Gain (loss) on sale

 

 

For the Three Months Ended March 31, 2019

 

Rte 18 Central Plaza

 

Retail

 

2/26/2019

 

$

5,100

 

 

$

-

 

 

$

(60

)

Total

 

 

 

 

 

$

5,100

 

 

$

-

 

 

$

(60

)