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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
Components of Income Tax (Provision) Benefit The components of the income tax (provision) benefit for the years ended December 31, 2019, 2018 and 2017 is comprised of the following: 
 
Year Ended December 31,
 
2019
 
2018
 
2017
Current:
 
 
 
 
 
Federal
$
(169
)
 
$
22

 
$
(859
)
State
(839
)
 
(310
)
 
(344
)
Deferred:
 
 
 
 
 
Federal
(2,334
)
 
400

 
—

State
(64
)
 
(20
)
 
10

             Total Income Tax (Provision) Benefit
$
(3,406
)
 
$
92

 
$
(1,193
)
Deferred Tax (Liabilities) Assets
Deferred income taxes represent the tax effect of the temporary differences between the book and tax basis of assets and liabilities. Deferred income tax assets and liabilities include the following as of December 31, 2019 and 2018:
 
Year Ended December 31,
 
2019
 
2018
Basis Difference - Real Estate Properties
$
1,388

 
$
739

Section 163(j) Interest Limitation
600

 
344

Other - Temporary Differences
329

 
184

Valuation Allowance
(850
)
 
(840
)
Total Deferred Income Tax Assets, Net of Allowance
$
1,467

 
$
427

 
 
 
 
Deferred Income - Investment in Joint Venture
$
(3,374
)
 
$
—

Other - Temporary Differences
(295
)
 
(231
)
Total Deferred Income Tax Liabilities
$
(3,669
)
 
$
(231
)
Total Net Deferred Income Tax (Liabilities) Assets
$
(2,202
)
 
$
196
Effective Income Tax Rate Reconciliation
 
Year Ended December 31,
 
2019
 
2018
 
2017
Tax (Provision) Benefit at Federal Rate
$
(2,556
)
 
$
436

 
$
(1,416
)
Change in Federal Tax Rate
—

 
—

 
(609
)
State Tax Provision, Net of Federal Benefit
(903
)
 
(417
)
 
(376
)
Change in Valuation Allowance
(10
)
 
144

 
1,197

Other
63

 
(71
)
 
11

Net Income Tax (Provision) Benefit
$
(3,406
)
 
$
92

 
$
(1,193
)
Federal Income Tax Treatment of Common Dividends
For the years ended December 31, 2019, 2018 and 2017, the dividends paid to the Company's common shareholders per common share for income tax purposes were characterized as follows:
 
2019
 
As a
Percentage
of
Distributions
 
2018
 
As a
Percentage
of
Distributions
 
2017
 
As a
Percentage
of
Distributions
Ordinary Income (A)
$
0.7650

 
83.15
%
 
$
0.6858

 
78.83
%
 
$
0.6552

 
74.23
%
Unrecaptured Section 1250 Capital Gain
0.1074

 
11.68
%
 
0.1497

 
17.21
%
 
0.1627

 
18.43
%
Other Capital Gain
0.0460

 
5.00
%
 
0.0330

 
3.79
%
 
0.0648

 
7.34
%
Qualified Dividend
0.0016

 
0.17
%
 
0.0015

 
0.17
%
 
—

 
0.00
%
 
$
0.9200

 
100.00
%
 
$
0.8700

 
100.00
%
 
$
0.8827

 
100.00
%