ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2017

Summary Of Significant Accounting Policies [Line Items]

Summary of Estimated Useful Lives of Assets

Real Estate

Land, buildings, fixtures and tenant improvements are recorded at cost and stated at cost less accumulated depreciation. Expenditures for maintenance and repairs are charged to operations as incurred. Renovations or replacements, which improve or extend the life of an asset, are capitalized and depreciated over their estimated useful lives. For financial reporting purposes, properties are depreciated using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are as follows:

Buildings	20-40 years
Land improvements	15 years
Furniture/fixtures	3-10 years
Tenant improvements	Lease term

Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill for the three years ended December 31, 2017 were as follows:

(in thousands of dollars)	Basis			Accumulated Amortization			Total
Balance, January 1, 2015	$	6,735		$	(1,073	)	$	5,662
Goodwill divested	(137		)	—			(137		)
Goodwill impaired	(276		)	—			(276		)
Balance, December 31, 2015	6,322			(1,073		)	5,249
Goodwill divested	—			—			—
Balance, December 31, 2016	6,322			(1,073		)	5,249
Goodwill divested	—			—			—
Balance, December 31, 2017	$	6,322		$	(1,073	)	$	5,249

Summary of Intangible Assets and Liabilities, Net of Accumulated Amortization

The following table presents our intangible assets and liabilities, net of accumulated amortization, as of December 31, 2017 and 2016:

(in thousands of dollars)	As of December 31, 2017			As of December 31, 2016
Value of in-place lease intangibles, net	$	12,369		$	14,369
Above-market lease intangibles, net	75			128
Subtotal	12,444			14,497
Goodwill, net	5,249			5,249
Total intangible assets	$	17,693		$	19,746
Below-market lease intangibles, net	$	(636	)	$	(901	)

Summary of Intangible Assets Amortized in Next Five Years

In the normal course of business, our intangible assets will amortize in the next five years and thereafter as follows:

(in thousands of dollars) For the Year Ending December 31,	Value of In-Place Lease Intangibles		Above/(Below) Market Leases, net
2018	1,768		(69		)
2019	1,742		(89		)
2020	1,708		(109		)
2021	1,580		(86		)
2022	1,445		(54		)
2023+ and thereafter	4,126		(154		)
Total	$	12,369	$	(561	)

Schedule of Capitalized Salaries, Commissions and Benefits, Real Estate Taxes and Interest

The following table summarizes our capitalized salaries, commissions and benefits, real estate taxes and interest for the years ended December 31, 2017, 2016 and 2015:

	For the Year Ended December 31,
(in thousands of dollars)	2017		2016		2015
Development/Redevelopment:
Salaries and benefits	$	1,296	$	1,138	$	1,001
Real estate taxes	$	1,035	$	246	$	4
Interest	$	7,620	$	3,191	$	1,883
Leasing:
Salaries, commissions and benefits	$	6,066	$	6,101	$	6,255

Schedule of Aggregate Cost Basis and Depreciated Basis for Federal Income Tax Purposes of Investment in Real Estate

(in millions of dollars)	As of December 31, 2017		As of December 31, 2016
Aggregate cost basis for federal income tax purposes	$	3,174.7	$	3,303.2
Aggregate depreciated basis for federal income tax purposes	$	2,284.0	$	2,380.8

Schedule of Distributions Paid to Shareholders

The per share distributions paid to common shareholders had the following components for the years ended December 31, 2017, 2016 and 2015:

	For the Year Ended December 31,
	2017		2016		2015
Ordinary income	$	—	$	—	$	—
Non-dividend distributions	0.84		0.84		0.84
Per-share distributions	$	0.84	$	0.84	$	0.84

Series A And Series B Preferred Shares [Member]

Summary Of Significant Accounting Policies [Line Items]

Schedule of Distributions Paid to Shareholders

The per share distributions paid to Series A, Series B, Series C and Series D preferred shareholders had the following components for the years ended December 31, 2017, 2016 and 2015:

	For the Year Ended December 31,
	2017		2016		2015
Series A Preferred Share Dividends
Ordinary income	$	—	$	—	$	—
Non-dividend distributions	1.70		2.06		2.06
	$	1.70	$	2.06	$	2.06
Series B Preferred Share Dividends
Ordinary income	$	—	$	—	$	—
Non-dividend distributions	1.84		1.84		1.84
	$	1.84	$	1.84	$	1.84
Series C Preferred Share Dividends
Ordinary income	$	—	$	—	$	—
Non-dividend distributions	1.59		—		—
	$	1.59	$	—	$	—
Series D Preferred Share Dividends
Ordinary income	$	—	$	—	$	—
Non-dividend distributions	0.45		—		—
	$	0.45	$	—	$	—