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NOTES PAYABLE, NET (Debt Summary) (Details) - USD ($)
$ in Thousands
3 Months Ended
Feb. 15, 2017
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Debt Instrument [Line Items]        
Notes payable, net   $ 38,330   $ 42,223
Interest Expense   271 $ 575  
Amortization of Debt Issuance Costs   100 100  
Interest Payable   $ 300   300
Secured Line of Credit [Member]        
Debt Instrument [Line Items]        
Debt Instrument, Interest Rate, Stated Percentage [1]   4.17%    
Long-term Debt, Gross [1]   $ 19,205   23,107
Mortgage Loans Secured By Properties Under Development [Member]        
Debt Instrument [Line Items]        
Long-term Debt, Gross [2]   19,200   19,200
Accounting Standard Update 2015-03 [Member]        
Debt Instrument [Line Items]        
Deferred Costs [3]   $ (75)   (84)
Revolving Credit Facility [Member]        
Debt Instrument [Line Items]        
Line of Credit Facility, Current Borrowing Capacity $ 60,000      
Line of Credit Facility, Maximum Borrowing Capacity $ 30,000      
Line of Credit Facility, Expiration Date Feb. 15, 2020      
Usage Under Credit Facility   50.00%    
Revolving Credit Facility [Member] | Minimum [Member]        
Debt Instrument [Line Items]        
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage   0.20%    
Revolving Credit Facility [Member] | Maximum [Member]        
Debt Instrument [Line Items]        
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage   0.30%    
Gelson’s Development Joint Venture [Member]        
Debt Instrument [Line Items]        
Proceeds from Loan Originations   $ 10,700    
Gelson’s Development Joint Venture [Member] | Mortgage Loans Secured By Properties Under Development [Member] | Minimum [Member]        
Debt Instrument [Line Items]        
Debt Instrument, Interest Rate, Stated Percentage [2]   9.50%    
Wilshire Joint Venture [Member]        
Debt Instrument [Line Items]        
Proceeds from Loan Originations   $ 8,500    
Wilshire Joint Venture [Member] | Mortgage Loans Secured By Properties Under Development [Member] | Maximum [Member]        
Debt Instrument [Line Items]        
Debt Instrument, Interest Rate, Stated Percentage [2]   10.00%    
Variable Interest Entity, Primary Beneficiary [Member]        
Debt Instrument [Line Items]        
Deferred Costs   $ 100   100
Notes payable, net [4]   19,126   19,116
Interest Costs Capitalized   900 900  
Amortization of Debt Issuance Costs   100 $ 200  
Interest Payable   $ 200   $ 200
[1] The Company’s line of credit is a revolving credit facility with an initial maximum aggregate commitment of $30.0 million. Effective February 15, 2017, the Company’s line of credit was refinanced to increase the maximum aggregate commitment under the credit facility from $30.0 million to $60.0 million. The credit facility matures on February 15, 2020. Each loan made pursuant to the credit facility will be either a LIBOR rate loan or a base rate loan, at the election of the Company, plus an applicable margin, as defined. Monthly payments are interest only with the entire principal balance and all outstanding interest due at maturity. The Company will pay the lender an unused commitment fee, quarterly in arrears, which will accrue at 0.30% per annum, if the usage under the the Company’s line of credit is less than or equal to 50% of the line of credit amount, and 0.20% per annum if the usage under the Company’s line of credit is greater than 50% of the line of credit amount. The Company is providing a guaranty of all of its obligations under the Company’s line of credit and all other loan documents. As of March 31, 2018 and December 31, 2017, the Company’s line of credit was secured by Topaz Marketplace, 8 Octavia Street, 400 Grove Street, the Fulton Shops, 450 Hayes, 388 Fulton, Silver Lake, Florissant Marketplace, Ensenada Square and The Shops at Turkey Creek.
[2] Comprised of $10.7 million and $8.5 million associated with the Company’s investment in the Gelson’s Joint Venture and the Wilshire Joint Venture, respectively.
[3] Reclassification of deferred financing costs, net of accumulated amortization, as a contra-liability
[4] As of both March 31, 2018 and December 31, 2017, includes reclassification of approximately $0.1 million of deferred financing costs, net, as a contra-liability. The creditors of the consolidated joint ventures do not have recourse to the general credit of the Company. The notes payable of the consolidated joint ventures are not guaranteed by the Company.