INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES (Tables)

12 Months Ended

Dec. 31, 2018

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Investment in Unconsolidated Joint Ventures

The following table summarizes the Company’s investments in unconsolidated joint ventures as of December 31, 2018 and 2017 (amounts in thousands):

		Ownership Interest				Investment
Joint Venture	Date of Investment	December 31, 2018		December 31, 2017		December 31, 2018		December 31, 2017
SGO Retail Acquisitions Venture, LLC	3/11/2015	19	%	19	%	$	1,128	$	978
SGO MN Retail Acquisitions Venture, LLC	9/30/2015	10	%	10	%	1,573		1,727
Total						$	2,701	$	2,705
						Year Ended
						December 31, 2018		December 31, 2017
Equity in income (loss) of unconsolidated joint ventures						$	229	$	(59	)

Condensed Balance Sheet [Table Text Block]

A summary of the aggregate balance sheets and results of operations of the SGO Joint Venture and the SGO MN Joint Venture is presented below (amounts in thousands):

	December 31,
	2018		2017
ASSETS
Investments in real estate, net	$	51,944	$	64,541
Other assets	3,123		5,408
Assets held for sale	9,361		1,169
Total assets	$	64,428	$	71,118
LIABILITIES AND MEMBERS’ CAPITAL
Notes payable	$	34,441	$	45,062
Other liabilities	2,224		2,737
Liabilities held for sale	6,094		900
Total liabilities	42,759		48,699
Members’ capital	21,669		22,419
Total liabilities and members’ capital	$	64,428	$	71,118

Condensed Income Statement [Table Text Block]

	Year Ended December 31,
	2018			2017
RESULTS OF OPERATIONS
Revenue	$	8,688		$	9,129
Expenses	(8,893		)	(9,603		)
Operating loss	(205		)	(474		)
Other income	2,867			350
Net income (loss)	$	2,662		$	(124	)