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Loans Payable, net (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of debt
Debt is composed of the following at December 31, 2023 and 2022 and collateralized by 13 properties at December 31, 2023 and 12 properties at December 31, 2022:
  December 31, 2023December 31, 2022
DescriptionMaturity
dates
Balance
outstanding
Contractual
interest rates
weighted-average
Balance
outstanding
Contractual
interest rates
weighted-average
Fixed-rate secured term loans:       
Timpany PlazaSep 2028$9,060,000 7.3%$— n/a
Term loan, 10 properties
Nov 2032110,000,000 5.3%110,000,000 5.3%
Patuxent Crossing/Coliseum MarketplaceJan 203325,000,000 6.4%25,000,000 6.4%
 144,060,000 5.6%135,000,000 5.5%
Unamortized issuance costs (3,566,000) (3,538,000) 
  $140,494,000  $131,462,000  
Schedule of principal payments on secured term loans
Scheduled principal payments on secured term loans at December 31, 2023, due on various dates from 2024 to 2033, are as follows:
2024$74,000 
2025306,000 
2026329,000 
2027481,000 
20289,456,000 
Thereafter133,414,000 
 $144,060,000 
Schedule of effect of derivative financial instruments on consolidated statements of operations and consolidated statements of equity
The following presents the effect of the Company's derivative financial instruments on the consolidated statements of operations and the consolidated statements of equity for the years ended 2023 and 2022, respectively:
Gain recognized in other
comprehensive income (loss)
(effective portion)
Designation/
Cash flow
 Derivative
Years ended December 31,
20232022
Qualifying Interest rate swaps$— $6,001,000 
      
(Loss) recognized in other
comprehensive income (loss)
reclassified into earnings (effective portion)
  Years ended December 31,
 Classification20232022
 Continuing Operations$— $(2,320,000)