XML 57 R42.htm IDEA: XBRL DOCUMENT v3.22.0.1
Note 4 - Property Acquisitions (Tables)
12 Months Ended
Dec. 31, 2021
Notes Tables  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
    

Purchase Price

     

Property Name

Location

Month Acquired/ Consolidated

 

Cash

  

Debt

  

Other

  

Total

  

GLA*

 

Distribution Center #1 (1)

Lancaster, CA

Jan-21

 $58,723  $-  $11,277  $70,000   927 

Distribution Center #2 (1)

Woodland, CA

Jan-21

  27,589   -   6,411   34,000   508 

Jamestown Portfolio (6 properties) (2)

Various

Oct-21

  172,899   170,000   87,094   429,993   1,226 

KimPru Portfolio (2 properties) (2)

Various

Oct-21

  61,705   64,169   15,212   141,086   478 

Columbia Crossing Parcel

Columbia, MD

Oct-21

  12,600   -   -   12,600   45 

Centro Arlington (2)

Arlington, VA

Nov-21

  24,178   -   184,850   209,028   72 
    $357,694  $234,169  $304,844  $896,707   3,256 
    

Purchase Price

     

Property Name

Location

Month Acquired

 

Cash

  

GLA

 

North Valley Parcel

Peoria, AZ

Feb-20

 $7,073   9 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
  

Allocation as of December 31, 2021

  

Weighted-

Average Useful Life (in Years)

  

Allocation as of December 31, 2020

  

Weighted-

Average Useful Life (in Years)

 

Land

 $154,320   n/a  $935   n/a 

Buildings

  679,646   50.0   4,610   50.0 

Building improvements

  18,476   45.0   221   45.0 

Tenant improvements

  16,391   8.5   382   19.4 

In-place leases

  48,648   9.1   925   19.4 

Above-market leases

  6,581   6.5   -   - 

Below-market leases

  (39,712)  38.9   -   - 
Other assets  21,331   n/a   -   n/a 
Other liabilities  (8,974)  n/a   -   n/a 

Net assets acquired/consolidated

 $896,707      $7,073