Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Summary Of Significant Accounting Policies [Line Items]

Summary of Estimated Useful Lives of 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, 2021 were as follows:

			Accumulated
(in thousands of dollars)	Basis		Amortization			Total
Balance, January 1, 2020	$	6,322	$	(1,073	)	$	5,249
Goodwill divested		—		—			—
Balance, December 31, 2020		6,322		(1,073	)		5,249
Goodwill divested		—		—			—
Balance, December 31, 2021	$	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, 2021 and 2020:

	December 31,
(in thousands of dollars)	2021		2020
Intangible Assets:
Value of lease intangibles, net	$	4,805	$	6,143
Above-market lease intangibles, net		—		—
Subtotal		4,805		6,143
Goodwill, net		5,249		5,249
Total intangible assets	$	10,054	$	11,392
Intangible Liabilities
Below-market lease intangibles, net	$	95	$	134
Above-market ground lease		—		—
Total intangible liabilities	$	95	$	134

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)	Value of Lease		Below Market
For the Year Ending December 31,	Intangibles		Leases, net
2022	$	1,207	$	(10	)
2023		1,205		(10	)
2024		1,161		(10	)
2025		319		(10	)
2026		222		(10	)
2027 and thereafter		691		(45	)
Total	$	4,805	$	(95	)

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, 2021 and 2020:

	For the Year Ended December 31,
(in thousands of dollars)	2021		2020
Development/Redevelopment:
Salaries and benefits	$	96	$	428
Real estate taxes	$	—	$	285
Interest	$	176	$	2,192
Leasing:
Salaries, commissions and benefits	$	164	$	150

Schedule of Distributions Paid to Shareholders

The per share distributions paid to common shareholders had the following components for the years ended December 31, 2021 and 2020:

	For the Year Ended December 31,
	2021		2020
Ordinary income	$	—	$	—
Non-dividend distribution		—		0.23
Per-share distributions	$	—	$	0.23

Series B, Series C and Series D Preferred Shares [Member]

Summary Of Significant Accounting Policies [Line Items]

Schedule of Distributions Paid to Shareholders

The per share distributions paid to Series B, Series C and Series D preferred shareholders had the following components for the years ended December 31, 2021 and 2020:

	For the Year Ended December 31,
	2021		2020
Series B Preferred Share Dividends
Ordinary income	$	—	$	—
Non-dividend distributions		—		0.92
	$	—	$	0.92
Series C Preferred Share Dividends
Ordinary income	$	—	$	—
Non-dividend distributions		—		0.90
	$	—	$	0.90
Series D Preferred Share Dividends
Ordinary income	$	—	$	—
Non-dividend distributions		—		0.86
	$	—	$	0.86