Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Mar. 27, 2023 | Jun. 30, 2022 | |
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2022 | ||
Current Fiscal Year End Date | --12-31 | ||
Document Transition Report | false | ||
Entity File Number | 000-51948 | ||
Entity Registrant Name | JLL Income Property Trust, Inc. | ||
Entity Incorporation, State or Country Code | MD | ||
Entity Tax Identification Number | 20-1432284 | ||
Entity Address, Address Line One | 333 West Wacker Drive | ||
Entity Address, City or Town | Chicago | ||
Entity Address, State or Province | IL | ||
Entity Address, Postal Zip Code | 60606 | ||
City Area Code | 312 | ||
Local Phone Number | 897-4000 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
ICFR Auditor Attestation Flag | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 3,440,226,000 | ||
Documents Incorporated by Reference | DOCUMENTS INCORPORATED BY REFERENCESpecified portions of the registrant’s proxy statement, which will be filed with the Commission pursuant to Regulation 14A in connection with the registrant’s 2023 Annual Meeting of Stockholders, are incorporated by reference into Part III of this annual report | ||
Amendment Flag | false | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2022 | ||
Entity Central Index Key | 0001314152 | ||
Class A [Member] | |||
Entity Public Float | 1,606,897,000 | ||
Entity Common Stock, Shares Outstanding | 112,809,047 | ||
Common Class M [Member] | |||
Entity Public Float | 361,457,000 | ||
Entity Common Stock, Shares Outstanding | 26,472,493 | ||
Common Class A-I [Member] | |||
Entity Public Float | 90,923,000 | ||
Entity Common Stock, Shares Outstanding | 4,891,032 | ||
Common Class M-I [Member] | |||
Entity Public Float | 1,291,203,000 | ||
Entity Common Stock, Shares Outstanding | 95,761,320 | ||
Common Class D [Member] | |||
Entity Public Float | $ 89,746,000 | ||
Entity Common Stock, Shares Outstanding | 3,023,025 |
Audit Information
Audit Information | 12 Months Ended |
Dec. 31, 2022 | |
Audit Information [Abstract] | |
Auditor Name | KPMG LLP |
Auditor Location | Chicago, Illinois |
Auditor Firm ID | 185 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Investments in real estate: | ||
Land | $ 725,078 | $ 598,564 |
Buildings and equipment | 3,728,507 | 3,010,359 |
Less accumulated depreciation | (335,216) | (259,362) |
Net property and equipment | 4,118,369 | 3,349,561 |
Equity Method Investments | 202,203 | 217,044 |
Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures | 346,171 | 352,905 |
Investments in real estate and other assets held for sale | 0 | 39,326 |
Real Estate Investment Property, Net | 4,666,743 | 3,958,836 |
Marketable Securities | 44,182 | 43,206 |
Cash and cash equivalents | 70,940 | 70,273 |
Restricted cash | 32,628 | 51,203 |
Tenant accounts receivable, net | 8,656 | 9,066 |
Deferred expenses, net | 15,867 | 14,511 |
Acquired intangible assets, net | 256,515 | 216,227 |
Deferred rent receivable, net | 33,567 | 25,634 |
Prepaid expenses and other assets | 25,120 | 13,290 |
TOTAL ASSETS | 5,154,218 | 4,402,246 |
LIABILITIES AND EQUITY | ||
Mortgage notes and other debt payable, net | 1,924,527 | 1,817,664 |
Disposal Group, Including Discontinued Operation, Liabilities | 0 | 271 |
Accounts payable and other accrued expenses | 49,747 | 70,551 |
Financing obligation | 726,375 | 448,319 |
Accrued Offering Costs | 187,742 | 137,776 |
Accrued interest | 6,057 | 3,321 |
Accrued real estate taxes | 10,396 | 9,497 |
Advisor fees payable | 10,820 | 39,709 |
Acquired intangible liabilities, net | 43,407 | 31,022 |
TOTAL LIABILITIES | 2,959,071 | 2,558,130 |
Commitments and contingencies | 0 | 0 |
Redeemable Noncontrolling Interest, Equity, Carrying Amount | $ 12,387 | 0 |
Common Stock, Shares Authorized | 200,000,000 | |
Common Stock, Par or Stated Value Per Share | $ 0.01 | |
Equity: | ||
Additional Paid in Capital, Common Stock | $ 2,799,539 | 2,313,815 |
Distributions to stockholders | (691,090) | (573,963) |
Accumulated deficit | (14,788) | 34,398 |
Total Jones Lang LaSalle Income Property Trust, Inc. stockholders’ equity | 2,096,097 | 1,776,311 |
Noncontrolling interests | 86,663 | 67,805 |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 2,182,760 | 1,844,116 |
Liabilities and Equity | 5,154,218 | 4,402,246 |
Variable Interest Entity, Primary Beneficiary [Member] | ||
Investments in real estate: | ||
Land | 70,527 | 59,006 |
Buildings and equipment | 236,265 | 206,016 |
Less accumulated depreciation | (28,622) | (26,955) |
Cash and cash equivalents | 10,720 | 6,740 |
Restricted cash | 1,082 | 859 |
Tenant accounts receivable, net | 1,724 | 1,850 |
Deferred expenses, net | 1,234 | 533 |
Acquired intangible assets, net | 8,372 | 12,500 |
Deferred rent receivable, net | 1,539 | 1,135 |
Prepaid expenses and other assets | 6,383 | 284 |
LIABILITIES AND EQUITY | ||
Mortgage notes and other debt payable, net | 116,852 | 147,076 |
Accounts payable and other accrued expenses | 3,806 | 2,477 |
Accrued interest | 526 | 368 |
Accrued real estate taxes | 591 | 679 |
Acquired intangible liabilities, net | 417 | 541 |
Class A Shares [Member] | ||
Equity: | ||
Common Stock, Value, Issued | 1,136 | 1,000 |
Class M Shares [Member] | ||
Equity: | ||
Common Stock, Value, Issued | 262 | 365 |
Class A-I Shares [Member] | ||
Equity: | ||
Common Stock, Value, Issued | 50 | 94 |
Class M-I Shares [Member] | ||
Equity: | ||
Common Stock, Value, Issued | 958 | 527 |
Class D Shares [Member] | ||
Equity: | ||
Common Stock, Value, Issued | $ 30 | $ 75 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Land | $ 725,078 | $ 598,564 |
Buildings and equipment | 3,728,507 | 3,010,359 |
Less accumulated depreciation | (335,216) | (259,362) |
Cash and cash equivalents | 70,940 | 70,273 |
Restricted Cash and Cash Equivalents | 32,628 | 51,203 |
Tenant accounts receivable, net | 8,656 | 9,066 |
Deferred expenses, net | 15,867 | 14,511 |
Acquired intangible assets, net | 256,515 | 216,227 |
Deferred Rent Receivables, Net | 33,567 | 25,634 |
Prepaid Expense and Other Assets | 25,120 | 13,290 |
Mortgage notes and other debt payable, net | 1,924,527 | 1,817,664 |
Accounts payable and other accrued expenses | 49,747 | 70,551 |
Accrued interest | 6,057 | 3,321 |
Accrued real estate taxes | $ 10,396 | 9,497 |
Common stock, par value | $ 0.01 | |
Common Stock, shares authorized | 200,000,000 | |
Accumulated stock issuance costs | $ 337,559 | $ 264,066 |
Class A Shares [Member] | ||
Common stock, shares issued | 113,645,166 | 100,038,362 |
Common stock, shares outstanding | 113,645,166 | 100,038,362 |
Class M Shares [Member] | ||
Common stock, shares issued | 26,170,260 | 36,458,191 |
Common stock, shares outstanding | 26,170,260 | 36,458,191 |
Class A-I Shares [Member] | ||
Common stock, shares issued | 4,950,208 | 9,356,309 |
Common stock, shares outstanding | 4,950,208 | 9,356,309 |
Class M-I Shares [Member] | ||
Common stock, shares issued | 95,803,409 | 52,676,693 |
Common stock, shares outstanding | 95,803,409 | 52,676,693 |
Class D Shares [Member] | ||
Common stock, shares issued | 3,023,025 | 7,513,281 |
Common stock, shares outstanding | 3,023,025 | 7,513,281 |
Variable Interest Entity, Primary Beneficiary [Member] | ||
Land | $ 70,527 | $ 59,006 |
Buildings and equipment | 236,265 | 206,016 |
Less accumulated depreciation | (28,622) | (26,955) |
Cash and cash equivalents | 10,720 | 6,740 |
Restricted Cash and Cash Equivalents | 1,082 | 859 |
Tenant accounts receivable, net | 1,724 | 1,850 |
Deferred expenses, net | 1,234 | 533 |
Acquired intangible assets, net | 8,372 | 12,500 |
Deferred Rent Receivables, Net | 1,539 | 1,135 |
Prepaid Expense and Other Assets | 6,383 | 284 |
Mortgage notes and other debt payable, net | 116,852 | 147,076 |
Accounts payable and other accrued expenses | 3,806 | 2,477 |
Accrued interest | 526 | 368 |
Accrued real estate taxes | $ 591 | $ 679 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Revenues: | |||
Rental revenue | $ 327,631 | $ 227,940 | $ 186,641 |
Other Income | 9,557 | 11,398 | 6,980 |
Total revenues | 337,188 | 239,338 | 193,621 |
Operating expenses: | |||
Real estate taxes | 45,309 | 32,837 | 29,665 |
Property operating | 61,537 | 43,995 | 37,999 |
General and administrative | 2,882 | 1,596 | 4,318 |
Noninterest Expense Investment Advisory Fees | 50,333 | 65,667 | 25,274 |
Company level expenses | 8,762 | 4,841 | 2,936 |
Impairment of Real Estate | 0 | 1,822 | 0 |
Depreciation and amortization | (138,104) | (94,051) | (75,603) |
Total operating expenses | 306,927 | 244,809 | 175,795 |
Other (expenses) and income: | |||
Interest expense | (99,284) | (48,230) | (40,668) |
Equity in income of unconsolidated affiliates | (3,403) | 67,333 | (19,451) |
Investment Income, Dividend | 1,505 | 418 | 0 |
Equity Securities, FV-NI, Realized Gain (Loss) | (879) | 247 | 0 |
Equity Securities, FV-NI, Unrealized Gain (Loss) | (9,570) | 2,933 | 0 |
Gains (Losses) on Extinguishment of Debt | 37,253 | 33,422 | (1,772) |
Total other (expenses) and income | (74,378) | 56,123 | (61,891) |
Net income (loss) | (44,117) | 50,652 | (44,065) |
Plus: Net (income) loss attributable to the noncontrolling interests | 1,566 | (1,531) | 59 |
Net income (loss) attributable to Jones Lang LaSalle Income Property Trust, Inc. | $ (42,551) | $ 49,121 | $ (44,006) |
Weighted average common stock outstanding-basic and diluted | 229,552,710 | 186,610,215 | 170,613,298 |
Class A Shares [Member] | |||
Other (expenses) and income: | |||
Earnings Per Share, Basic | $ (0.18) | $ 0.28 | $ (0.26) |
Class M Shares [Member] | |||
Other (expenses) and income: | |||
Earnings Per Share, Basic | (0.20) | 0.27 | (0.26) |
Class A-I Shares [Member] | |||
Other (expenses) and income: | |||
Earnings Per Share, Basic | (0.21) | 0.28 | (0.26) |
Class M-I Shares [Member] | |||
Other (expenses) and income: | |||
Earnings Per Share, Basic | (0.18) | 0.24 | (0.26) |
Class D Shares [Member] | |||
Other (expenses) and income: | |||
Earnings Per Share, Basic | $ (0.22) | $ 0.26 | $ (0.26) |
Consolidated Statements Equity
Consolidated Statements Equity Statement - USD ($) $ in Thousands | Total | Restatement Adjustment [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Distributions to Stockholders [Member] | Accumulated Deficit [Member] | Noncontrolling Interest [Member] |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Shares, Issued | 165,745,572 | ||||||
Beginning balance at Dec. 31, 2019 | $ 1,498,757 | $ 1,658 | $ 1,860,734 | $ (398,939) | $ 29,283 | $ 6,021 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Issuance of common stock (in shares) | 28,718,218 | ||||||
Issuance of common stock | $ 345,912 | 287 | 345,625 | 0 | 0 | 0 | |
Stock Repurchased During Period, Shares | 21,372,888 | ||||||
Repurchase of shares | $ (255,355) | $ (214) | (255,141) | ||||
Conversion of Stock, Shares Issued | (2,435) | ||||||
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs | $ (29,274) | (29,274) | |||||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 16,000 | ||||||
Stock based compensation | 192 | 192 | |||||
Net income (loss) | (44,065) | (44,006) | (59) | ||||
Stock Issued During Period, Value, Other | 14,252 | 14,252 | |||||
Proceeds from Noncontrolling Interests | 3 | 3 | |||||
Cash distributed to noncontrolling interests | (178) | (178) | |||||
Dividends, Common Stock | (82,821) | (82,821) | |||||
Ending balance at Dec. 31, 2020 | $ 1,447,423 | $ 1,731 | (481,760) | (14,723) | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Conversion of Stock, Amount Issued | $ 0 | ||||||
Shares, Issued | 173,104,467 | ||||||
Issuance of common stock (in shares) | 44,071,596 | ||||||
Issuance of common stock | $ 545,702 | $ 441 | 545,261 | ||||
Stock Repurchased During Period, Shares | 11,151,942 | ||||||
Repurchase of shares | $ (135,246) | $ 111 | 135,135 | ||||
Conversion of Stock, Shares Issued | (1,285) | ||||||
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs | $ (47,661) | 47,661 | |||||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 20,000 | ||||||
Stock based compensation | $ 238 | 238 | |||||
Net income (loss) | 50,652 | 49,121 | 1,531 | ||||
Stock Issued During Period, Value, Other | 74,673 | ||||||
Proceeds from Noncontrolling Interests | 4,350 | 4,350 | |||||
Cash distributed to noncontrolling interests | (3,812) | 3,812 | |||||
Dividends, Common Stock | (92,203) | 92,203 | |||||
Ending balance at Dec. 31, 2021 | 1,844,116 | $ 2,061 | 2,313,815 | (573,963) | 34,398 | 67,805 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Conversion of Stock, Amount Issued | $ 0 | ||||||
Adjustment to limited partners' interest from change in ownership in operating partnership | 27,624 | (27,624) | |||||
Shares, Issued | 206,042,836 | ||||||
Additional Paid in Capital, Common Stock | $ 2,313,815 | $ 28,976 | |||||
Issuance of common stock (in shares) | 54,844,656 | ||||||
Issuance of common stock | $ 802,638 | $ 549 | 802,089 | ||||
Stock Repurchased During Period, Shares | 17,321,045 | ||||||
Repurchase of shares | $ (253,860) | $ (174) | (253,686) | ||||
Conversion of Stock, Shares Issued | (1,160) | ||||||
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs | $ (73,493) | 73,493 | |||||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 26,781 | ||||||
Stock based compensation | $ 396 | 396 | |||||
Net income (loss) | (42,551) | (1,529) | |||||
Other comprehensive income (loss) | (44,080) | ||||||
Stock Issued During Period, Value, Other | 39,472 | 39,472 | |||||
Proceeds from Noncontrolling Interests | 0 | ||||||
Cash distributed to noncontrolling interests | (4,745) | 4,745 | |||||
Adjustments to Additional Paid in Capital, Increase in Carrying Amount of Redeemable Preferred Stock | (10,557) | (6,635) | (3,922) | ||||
Dividends, Common Stock | (117,127) | ||||||
Ending balance at Dec. 31, 2022 | 2,182,760 | $ 2,436 | 2,799,539 | $ (691,090) | $ (14,788) | 86,663 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Conversion of Stock, Amount Issued | $ 0 | ||||||
Adjustment to limited partners' interest from change in ownership in operating partnership | $ 10,418 | $ (10,418) | |||||
Shares, Issued | 243,592,068 | ||||||
Additional Paid in Capital, Common Stock | $ 2,799,539 |
Consolidated Statements Equit_2
Consolidated Statements Equity Consolidated Statements of Equity (Parenthetical) - $ / shares | 3 Months Ended | 12 Months Ended | |||||||||||||
Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Consolidated Statements of Stockholders' Equity [Abstract] | |||||||||||||||
Common Stock, Dividends, Per Share, Declared | $ 0.14000 | $ 0.14000 | $ 0.14000 | $ 0.14000 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.56000 | $ 0.54000 | $ 0.54000 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | |||
Net Income (Loss) | $ (44,117) | $ 50,652 | $ (44,065) |
Adjustments to reconcile income (loss) to net cash provided by operating activities: | |||
Depreciation and amortization (including discontinued operations) | 136,816 | 93,045 | 75,073 |
Gain (Loss) on Disposition of Property Plant Equipment | (37,253) | (33,422) | 1,772 |
Equity Securities, FV-NI, Realized Gain (Loss) | 879 | (247) | 0 |
Equity Securities, FV-NI, Unrealized Gain (Loss) | 9,570 | (2,933) | 0 |
Straight line rent | (8,086) | (3,975) | (1,324) |
Impairment of Real Estate | 0 | 1,822 | 0 |
Equity in income of unconsolidated affiliates | (3,403) | 67,333 | (19,451) |
Proceeds from Equity Method Investment, Distribution | 18,669 | 11,860 | 4,043 |
Non cash interest expense related to DST Program | 43,553 | 10,851 | 1,271 |
Net changes in assets and liabilities and other | (26,220) | 27,029 | 6,133 |
Net cash provided by operating activities | 60,503 | 87,349 | 62,354 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||
Payments to Acquire Commercial Real Estate | 843,911 | 1,238,381 | 187,825 |
Proceeds from sales of real estate investments | 98,247 | 66,992 | 5,372 |
Payments for Capital Improvements | 25,361 | 28,764 | 13,201 |
Investments in unconsolidated real estate affiliate | (497) | (247,394) | (8,802) |
Deposits for investments under contracts | 0 | (1,000) | 0 |
Payments to Acquire Marketable Securities | (30,051) | (45,373) | 0 |
Proceeds from Sale and Maturity of Marketable Securities | 18,626 | 5,347 | 0 |
Net cash (used in) provided by investing activities | (782,947) | (1,488,573) | (204,456) |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||
Issuance of common stock | (965,518) | (809,571) | (394,082) |
Offering Costs | (23,528) | (135,246) | (255,354) |
Repurchase of shares | (253,858) | (16,792) | (17,592) |
Distributions to stockholders | (41,553) | (33,070) | (35,719) |
Distributions paid to noncontrolling interests | (4,921) | (3,812) | (178) |
Contributions received from noncontrolling interests | 0 | 4,350 | 3 |
Payments for (Proceeds from) Deposit on Loan | 0 | (937) | 0 |
Proceeds from Lines of Credit | 395,000 | 675,000 | 200,000 |
Repayments of Lines of Credit | (405,000) | (140,000) | (200,000) |
Proceeds from mortgage notes | 95,800 | 356,390 | 135,130 |
Principal payments on mortgage notes and other debt payable | (16,728) | (86,402) | (89,349) |
Payment for Debt Extinguishment or Debt Prepayment Cost | 91 | 0 | 1,457 |
Debt issuance costs | (6,109) | (7,780) | (52) |
Net cash provided by (used in) financing activities | 704,530 | 1,421,272 | 129,514 |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | (17,914) | 20,048 | (12,588) |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance | 121,482 | 101,434 | 114,022 |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance | 103,568 | 121,482 | 101,434 |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | |||
Cash and cash equivalents at the beginning of the year | 70,273 | 84,805 | |
Restricted Cash and Cash Equivalents | 32,628 | 51,203 | 16,629 |
Restricted cash in assets held for sale | 0 | 6 | 0 |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 103,568 | 121,482 | 101,434 |
Supplemental discolsure of cash flow information: | |||
Interest Paid, Excluding Capitalized Interest, Operating Activities | 58,718 | 37,184 | 35,966 |
Non-cash activities: | |||
Write-offs of receivables | 4 | 198 | 74 |
Write-Offs of Retired Assets | 24,839 | 10,257 | 12,599 |
Change in liability for capital expenditures | (2,395) | (2,109) | (412) |
Liabilities Transferred at Sale | 1,082 | 230 | 63 |
Liabilities Assumed | 2,438 | 2,945 | 520 |
Stock issued but not yet received | 2,156 | 731 | (176) |
Accrued offering costs | 49,965 | 30,869 | 11,682 |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt | (54,922) | (125,716) | 0 |
OP Units | (39,472) | (74,673) | (29,086) |
performance fee [Member] | |||
Non-cash activities: | |||
Manager and advisory fees payable | $ (36,711) | $ 0 | $ 0 |
Organization
Organization | 12 Months Ended |
Dec. 31, 2022 | |
Organization [Abstract] | |
Nature of Operations [Text Block] | NOTE 1—ORGANIZATION General Except where the context suggests otherwise, the terms “we,” “us,” “our” and the “Company” refer to JLL Income Property Trust, Inc. The terms “Advisor” and “LaSalle” refer to LaSalle Investment Management, Inc. JLL Income Property Trust, Inc., formerly known as Jones Lang LaSalle Income Property Trust, Inc., is an externally advised, daily valued perpetual-life real estate investment trust ("REIT") that owns and manages a diversified portfolio of industrial, office, residential, retail and other properties located in the United States. Over time our real estate portfolio may be further diversified on a global basis through the acquisition of properties outside of the United States and will be complemented by investments in real estate-related debt and equity securities. We were incorporated on May 28, 2004 under the laws of the State of Maryland. We believe that we have operated in such a manner to qualify to be taxed as a REIT for federal income tax purposes commencing with the taxable year ended December 31, 2004, when we first elected REIT status. As of December 31, 2022 , we owned interests in a total of 135 properties and over 4,300 single-family rental houses located in 26 states. We own substantially all of our assets through JLLIPT Holdings, LP, a Delaware limited partnership (our “operating partnership”), of which we are a limited partner and JLLIPT Holdings GP, LLC, our wholly owned subsidiary, is the sole general partner. The use of our operating partnership to hold substantially all of our assets is referred to as an Umbrella Partnership Real Estate Investment Trust ("UPREIT"). By using an UPREIT structure, a property owner who desires to defer taxable gain on the disposition of his or her property may transfer the property to our operating partnership in exchange for limited partnership interests in the operating partnership ("OP Units") and defer taxation of gain until the limited partnership interests are disposed of in a taxable transaction. As of December 31, 2022, we raised aggregate proceeds from the issuance of OP Units in our operating partnership of $128,421, and owned directly or indirectly 96.1% of the OP Units of our operating partnership. The remaining 3.9% of the OP Units are held by third parties. From our inception to December 31, 2022, we have received approximately $4,695,400 in gross offering proceeds from various public and private offerings of shares of our common stock as well as issuance of OP Units. On October 1, 2012, we commenced our initial public offering of common stock and since that time we have offered shares of our common stock in various public offerings registered with the Securities and Exchange Commission (the "SEC"). On December 21, 2021, our most recent public offering (the "Current Public Offering") of up to $3,000,000 in any combination of shares of our Class A, Class M, Class A-I and Class M-I common stock was declared effective by the SEC. As of December 31, 2022 , we have raised aggregate gross proceeds from the sale of shares of our common stock in our Current Public Offering of $825,192. We intend to continue to offer shares of our common stock on a continuous basis for an indefinite period of time by filing a new registration statement before the end of each offering. In addition to our public offerings, on March 3, 2015, we commenced a private offering (the "Private Offering") of up to $350,000 in shares of our Class D common stock with an indefinite duration. As of December 31, 2022 , we have raised aggregate gross proceeds of $98,188 in the Private Offering. In addition, on October 16, 2019, we, through our operating partnership, initiated a program (the “DST Program”) to raise up to $500,000, which our board of directors increased to $2,000,000 on November 8, 2022, in private placements exempt from registration under the Securities Act of 1933, as amended, through the sale of beneficial interests to accredited investors in specific Delaware statutory trusts ("DSTs") holding real properties ("DST Properties"), which may be sourced from our real properties or from third parties. As of December 31, 2022 , we have raised $759,194 of aggregate gross proceeds from our DST program. As of December 31, 2022 , 113,645,166 shares of Class A common stock, 26,170,260 shares of Class M common stock, 4,950,208 shares of Class A-I common stock, 95,803,409 shares of Class M-I common stock, and 3,023,025 shares of Class D common stock were outstanding and held by a total of 24,496 stockholders. LaSalle acts as our advisor pursuant to the advisory agreement among us, our operating partnership and LaSalle (the "Advisory Agreement"). The term of our Advisory Agreement expires June 5, 2023, subject to an unlimited number of successive one-year renewals. Our Advisor, a registered investment advisor with the SEC, has broad discretion with respect to our investment decisions and is responsible for selecting our investments and for managing our investment portfolio pursuant to the terms of the Advisory Agreement. Our executive officers are employees of, and compensated by, our Advisor. We have no employees as all operations are managed by our Adviser. LaSalle is a wholly owned, but operationally independent subsidiary of Jones Lang LaSalle Incorporated ("JLL" or our "Sponsor"), a New York Stock Exchange-listed leading professional services firm that specializes in real estate and investment management. As of December 31, 2022 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and the instructions to Form 10-K and include the accounts of our wholly owned subsidiaries, consolidated variable interest entities ("VIE") and the unconsolidated investments in real estate affiliates. We consider the authoritative guidance of accounting for investments in common stock, investments in real estate ventures, investors accounting for an investee when the investor has the majority of the voting interest but the minority partners have certain approval or veto rights, determining whether a general partner or general partners as a group controls a limited partnership or similar entity when the limited partners have certain rights, and the consolidation of VIEs in which we own less than a 100% interest. All significant intercompany balances and transactions have been eliminated in consolidation. Parenthetical disclosures are shown on our Consolidated Balance Sheets regarding the amounts of VIE assets and liabilities that are consolidated. As of December 31, 2022, our VIEs include The District at Howell Mill, Grand Lakes Marketplace, 237 Via Vera Cruz, 4211 Starboard Drive, 13500 Danielson Drive, 2840 Loker Ave, 15890 Bernardo Center Drive and Single-Family Rental Portfolio II due to the joint venture structures and our partners having limited participation rights and no kick-out rights. The creditors of our VIEs do not have general recourse to us. Noncontrolling interests represent the minority members’ proportionate share of the equity in our VIEs and our operating partnership. At acquisition, the assets, liabilities and noncontrolling interests were measured and recorded at the estimated fair value. Noncontrolling interests will increase for the minority members’ share of net income of these entities and contributions and decrease for the minority members’ share of net loss and distributions. As of December 31, 2022, noncontrolling interests represented the minority members’ proportionate share of the equity of the entities listed above as VIEs. Redeemable noncontrolling interests represent noncontrolling interests that are redeemable at the option of the holder or in circumstances out of our control and therefore are accounted for as temporary equity. The carrying amount of the redeemable noncontrolling interests is adjusted over time on an accretive basis to reflect the fair value at the time the noncontrolling interest becomes redeemable by the holder. Changes in the redemption value of redeemable noncontrolling interest are recorded as an allocation of retained earnings on our Consolidated Statements of Equity. During the year ended December 31, 2022, we recorded an allocation from noncontrolling interests to redeemable noncontrolling interests in the amount of $3,922. We have redeemable noncontrolling interest that related to Grand Lakes Marketplace, 237 Via Vera Cruz, 4211 Starboard Drive, 13500 Danielson Drive, 2840 Loker Ave, 15890 Bernardo Center Drive and Single-Family Rental Portfolio II as of December 31, 2022. As of December 31, 2022, $12,387 related to these third party joint ventures was included in Redeemable noncontrolling interests on our Consolidated Balance Sheet of which $2,880 is immediately puttable by the holder of the noncontrolling interest. Certain of our joint venture agreements include provisions whereby, at certain specified times, each party has the right to initiate a purchase or sale of its interest in the joint ventures at an agreed upon fair value. Under these provisions, we are not obligated to purchase the interest of its outside joint venture partners. The carrying amount of our noncontrolling interests reflected in equity are as follows as of December 31: 2022 2021 Interests in the partnership equity of the operating partnership $ 82,635 $ 60,019 Noncontrolling interest in consolidated joint ventures 4,028 7,786 Total noncontrolling interests reflected in equity $ 86,663 $ 67,805 Investments in Real Estate Real estate assets are stated at cost. Our real estate assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. A real estate asset is considered to be impaired when the estimated future undiscounted operating cash flow over the expected hold period is less than its carrying value in accordance with the authoritative guidance on accounting for the impairment or disposal of long-lived assets. To the extent impairment has occurred, the excess of the carrying value of the asset over its estimated fair value will be charged to operations. The valuation adjustments were calculated based on market conditions and assumptions made by management at the time the valuation adjustments were recorded, which may differ materially from actual results if market conditions or the underlying assumptions change in the future. If our strategy changes or if market conditions otherwise dictate a change in the holding period and an exit date, an impairment loss could be recognized and such loss could be material. When we have committed to a plan to sell a property that is available for immediate sale, have the necessary approvals and marketing in place, and believe that the sale of the property is probable the assets selected for disposal will be classified as held-for-sale and carried at the lower of their carrying values ( i.e ., cost less accumulated depreciation and any impairment loss recognized, where applicable) or estimated fair values less costs to sell. Carrying values are reassessed at each balance sheet date. Due to market fluctuation, actual proceeds realized on the ultimate sale of these properties may differ from estimates and such differences could be material. Depreciation and amortization cease once a property is classified as held-for-sale. For our consolidated properties we recorded no impairment charges for the years ended December 31, 2022 and 2020. We recorded $1,822 in impairment charges in 2021. Depreciation expense is computed using the straight-line method based upon the following estimated useful lives: Asset Category Estimated Useful Life Buildings and improvements 40-50 Years Tenant improvements Lesser of life of improvement or life of related lease Equipment and fixtures 2-10 Years Maintenance and repairs are charged to expense when incurred. Expenditures for significant betterments and improvements are capitalized. Investments in Unconsolidated Real Estate Affiliates and Real Estate Fund Investment We account for our investments in unconsolidated real estate affiliates using either the equity method or the fair value option. Under the equity method the cost of the investment is adjusted for our share of equity in net income or loss and reduced by distributions received and increased by contributions provided. Under the fair value option, the cost basis of the investment is increased for contributions made to the investment and adjusted for our share of changes in the fair value of the investment. Distributions received from investments in unconsolidated real estate affiliates under the fair value option are recorded as income from the unconsolidated affiliates. Distributions that are identified as returns of capital are recorded as a reduction to the cost basis of the investment, whereas distributions identified as capital gains or losses are recorded as realized gains or losses. We evaluate the carrying values of our investments in unconsolidated real estate affiliates accounted for under the equity method, excluding our investment under the fair value option, in accordance with the authoritative guidance on the equity method of accounting for investments in common stock. We analyze our investments in unconsolidated real estate affiliates when circumstances change and at every reporting period and determine if an “other-than-temporary” impairment exists and, if so, we assess our ability to recover our carrying cost of the investment. During 2022, we concluded that an other than temporary decline in value exists in our investment in Pioneer Tower and recognized an impairment charge of $12,838. During 2020, we concluded that an other than temporary decline in value exists in our investment in the Chicago Parking Garage and recognized an impairment charge of $1,506. Investment in Marketable Securities In accordance with our investment guidelines, investments in marketable securities consist of stock of publicly traded REITs. The net unrealized change in the fair value of our investments in marketable securities is recorded in earnings as part of net income in accordance with Accounting Standard Update ("ASU") 2016-1, Financial Statements - Overall (Subtopic 825-10) - Recognition and Measurement of Financial Assets and Financial Liabilities. Rental Revenue Recognition Minimum rent revenues are recognized on a straight-line basis over the terms of the related leases. Straight-line rent revenue (representing rents recognized prior to being billed and collectible as provided by the terms of the leases) caused net increases to rent revenue of $8,110, $3,155 and $951 for the years ended December 31, 2022, 2021 and 2020, respectively. Also included, as an increase to rent revenue, for the years ended December 31, 2022, 2021 and 2020, are $3,455, $2,714 and $1,859, respectively, of net amortization related to above-and below-market in-place leases at properties acquired as provided by authoritative guidance on goodwill and intangible assets. Tenant recoveries are recognized as revenues in the period the applicable costs are incurred. We recognize rental revenue from tenants under operating leases on a straight-line basis over the non-cancelable term of the lease when collectibility of substantially all rents is reasonably assured. Recognition of rental revenue on a straight-line basis includes the effects of rental abatements, lease incentives and fixed and determinable increases in lease payments over the lease term. For leases where collection of substantially all rents is not deemed to be probable of collection, revenue is recorded equal to cash that has been received from the tenant. We evaluate the collectibility of rents and other receivables at each reporting period based on factors including, among others, tenant's payment history, the financial condition of the tenant, business conditions and trends in the industry in which the tenant operates, economic conditions in the geographic area where the property is located. If evaluation of these factors or others indicates it is not probable we will collect substantially all rent we recognize an adjustment to rental revenue. If our judgment or estimation regarding probability of collection changes we may adjust or record additional rental revenue in the period such conclusion is reached. Cash and Cash Equivalents We consider all highly-liquid investments purchased with original maturities of three months or less to be cash equivalents. We maintain a portion of our cash in bank deposit accounts, which, at times, may exceed the federally insured limits. No losses have been experienced related to such accounts. We believe our bank deposit accounts are held with quality financial institutions. Restricted Cash Restricted cash includes amounts established pursuant to various agreements for loan escrow accounts, loan commitments and property sale proceeds. When we sell a property, we can elect to enter into a like-kind exchange pursuant to the applicable Internal Revenue Service guidance whereby the proceeds from the sale are placed in escrow with a qualified intermediary until a replacement property can be purchased. At December 31, 2022 and 2021, our restricted cash balance on our Consolidated Balance Sheet was primarily related to loan escrow amounts and subscriptions received in advance. Deferred Expenses Deferred expenses consist of lease commissions. Lease commissions are capitalized and amortized over the term of the related lease as a component of depreciation and amortization expense. Accumulated amortization of deferred expenses at December 31, 2022 and 2021 was $10,113 and $8,436, respectively. Acquisitions We use estimates of future cash flows and other valuation techniques to allocate the fair value of acquired property among land, building and other identifiable asset and liability intangibles. We value land based on comparable land sales specific to the applicable market. We record building values using an as-if-vacant methodology. We record above- and below-market in-place lease values for acquired properties based on the present value (using an interest rate which reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) our estimate of fair market lease rates for the corresponding in-place leases, measured over a period equal to the remaining non-cancelable term of the lease plus any below-market lease extension option periods. We amortize the capitalized above-market lease values as a reduction of minimum rents over the remaining non-cancelable terms of the respective leases. We amortize the capitalized below-market lease values as an increase to minimum rents over the term of the respective leases plus any below-market lease extension option terms. Should a tenant terminate its lease prior to the contractual expiration, the unamortized portion of the above-market and below-market in-place lease value is immediately charged to minimum rents. We measure the aggregate value of other intangible assets acquired based on the difference between (i) the property valued with existing in-place leases and (ii) the property valued as-if-vacant. Our estimates of value are made using methods similar to those used by independent appraisers, primarily discounted cash flow analyses. Factors considered by us in our analysis include an estimate of carrying costs during the hypothetical expected lease-up periods considering current market conditions at the date of acquisition, and costs to execute similar leases. We also consider information obtained about each property as a result of the pre-acquisition due diligence, marketing and leasing activities in estimating the fair value of the tangible and intangible assets acquired. In estimating carrying costs, we will include estimates of lost rentals during the expected lease-up periods, which is expected to primarily range from one to two years, depending on specific local market conditions, and costs to execute similar leases, including leasing commissions, legal and other related expenses to the extent that such costs are not already incurred in connection with a new lease origination as part of the transaction. The total amount of other intangible assets acquired is further allocated to in-place lease values and customer relationship intangible values based on our evaluation of the specific characteristics of each tenant’s lease and our overall relationship with that respective tenant. Characteristics considered by us in allocating these values include, among other factors, the nature and extent of our existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant’s credit quality and expectations of lease renewals (including those existing under the terms of the lease agreement). As of December 31, 2022 and 2021, we have allocated no value to customer relationship value. We amortize the value of in-place leases to expense over the weighted average lease term of the respective leases, which generally range from one Purchase price has been allocated to acquired intangible assets, which include acquired in-place lease intangibles, acquired above-market in-place lease intangibles and acquired ground lease intangibles, which are reported net of accumulated amortization of $123,725 and $102,842 at December 31, 2022 and 2021, respectively, on the accompanying Consolidated Balance Sheets. The acquired intangible liabilities represent acquired below-market in-place leases, which are reported net of accumulated amortization of $15,566 and $15,481 at December 31, 2022 and 2021, respectively, on the accompanying Consolidated Balance Sheets. Our amortizing intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. According to authoritative guidance, an amortizing intangible asset is considered to be impaired when the estimated future undiscounted operating cash flow is less than its carrying value. To the extent impairment has occurred, the excess of the carrying value of the amortizing intangible asset over its estimated fair value will be charged to operations. Future amortization related to amortizing acquired intangible assets and liabilities, including those classified as held for sale, as of December 31, 2022 is as follows: Acquired in-place leases Acquired above-market leases Below-market ground lease Acquired below-market leases 2023 $ 44,651 $ 1,804 $ 401 $ (6,173) 2024 36,712 1,590 401 (5,802) 2025 29,563 1,416 401 (5,342) 2026 25,632 1,388 15 (4,482) 2027 22,223 1,338 15 (3,732) Thereafter 82,643 6,107 215 (17,876) $ 241,424 $ 13,643 $ 1,448 $ (43,407) Income Taxes We first elected to be taxed as a REIT under sections 856-860 of the Internal Revenue Code of 1986, as amended (the “Code”), for our taxable year ended December 31, 2004. To qualify as a REIT, we must meet a number of organizational and operational requirements, including requirements to distribute at least 90% of our REIT taxable income, determined without regard to the dividends paid deduction and excluding net capital gains, and to meet certain quarterly asset and annual income tests. It is our current intention to adhere to these requirements. As a REIT, we will generally not be subject to corporate-level federal income tax to the extent we distribute 100% of our taxable income to our stockholders. If we fail to qualify as a REIT in any taxable year, we will be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for four subsequent taxable years. Even if we qualify for taxation as a REIT, we may be subject to certain state and local taxes on our income, property or net worth, and to certain federal income and excise taxes. Earnings and profits, which determine the tax treatment of dividends to stockholders, differ from net income reported for financial reporting purposes due to differences for federal income tax reporting purposes in computing, among other things, estimated useful lives, depreciable basis of properties and permanent and timing differences on the inclusion or deductibility of elements of income and expense for such purposes. We evaluate uncertain tax positions in accordance with FASB ASC 740, Income Taxes . Based upon our current evaluation, we have concluded that there are no significant uncertain tax positions relevant to the jurisdictions where we are required to file income tax returns requiring recognition in the consolidated financial statements at December 31, 2022, 2021, and 2020. We are not subject to federal income tax examinations for tax years prior to 2019. Business Segments Consistent with how we review and manage our properties, we align our internal operations along the five primary property types we are targeting for investments resulting in five operating segments: industrial, office, residential, retail and other properties. Assets and Liabilities Measured at Fair Value The Financial Accounting Standards Board’s (“FASB”) guidance for fair value measurement and disclosure states that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering assumptions, authoritative guidance establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: • Level 1 —Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that we have access to at the measurement date. • Level 2 —Observable inputs, other than quoted prices included in level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs are those in markets for which there are few transactions, the prices are not current, little public information exists or instances where prices vary substantially over time or among brokered market makers. • Level 3 —Unobservable inputs for the asset or liability. Unobservable inputs are those inputs that reflect our own assumptions that market participants would use to price the asset or liability based on the best available information. The authoritative guidance requires the disclosure of the fair value of our financial instruments for which it is practicable to estimate that value. The guidance does not apply to all balance sheet items. Market information as available or present value techniques have been utilized to estimate the amounts required to be disclosed. Since such amounts are estimates, there can be no assurance that the disclosed value of any financial instrument could be realized by immediate settlement of the instrument. Our investments in marketable securities are valued using Level 1 inputs as the securities are publicly traded on major stock exchanges. Real estate fund investments accounted for under the fair value option are stated at the fair value of our ownership in the fund. The fair value is recorded based upon changes in the NAV of the limited partnership as determined from the financial statements of the real estate fund. During the years ended December 31, 2022 and 2021, we recorded an unrealized loss and unrealized gain in fair value classified within the Level 3 category of $6,734 and $57,924, respectively, which related to our investments in the NYC Retail Portfolio (as defined below) and the Single-Family Rental Portfolio I ( see Note 4-Unconsolidated Real Estate Affiliates and Fund Investments ). During the year ended December 31, 2022, we recorded an impairment charge in our unconsolidated investment in Pioneer Tower within the Level 3 category of $12,838 utilizing a capitalization rate of 6.0% and a discount rate of 7.5% to reflect our investment at its estimated fair value. We have estimated the fair value of our mortgage notes and other debt payable reflected in the accompanying Consolidated Balance Sheets at amounts that are based upon an interpretation of available market information and valuation methodologies (including discounted cash flow analysis with regard to fixed rate debt) for similar loans made to borrowers with similar credit ratings and for the same maturities. The fair value of our mortgage notes and other debt payable, including amounts included as held for sale, using level two inputs was approximately $139,690 lower and $3,794 higher than the aggregate carrying amounts at December 31, 2022 and 2021, respectively. Such fair value estimates are not necessarily indicative of the amounts that would be realized upon extinguishment of our mortgage notes and other debt payable. Derivative Financial Instruments We record all derivatives on the Consolidated Balance Sheets at fair value in prepaid expenses and other assets or accounts payable and other accrued expenses. Changes in the fair value of our derivatives are recorded on our Consolidated Statements of Operations and Comprehensive Income, as a component of interest expense, as we have not designated our derivative instruments as hedges. Our objective in using interest rate derivatives is to manage our exposure to interest rate movements. To accomplish this objective, we use interest rate caps and swaps. As of December 31, 2022, we had the following outstanding interest rate derivatives related to managing our interest rate risk: Interest Rate Derivative Number of Instruments Notional Amount Interest Rate Swaps 4 $ 190,000 The fair value of our interest rate caps and swaps represent assets of $5,106 and liabilities of $2,580 at December 31, 2022 and 2021, respectively. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions. These estimates and assumptions impact the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. For example, significant estimates and assumptions have been made with respect to useful lives of assets, recoverable amounts of receivables, fair value of derivatives and real estate assets, initial valuations and related amortization periods of deferred costs and intangibles, particularly with respect to property acquisitions. Actual results could differ from those estimates. Recent Issued Accounting Pronouncements In March 2020, the Financial Accounting Standards Board issued Accounting Standard Update ("ASU") No. 2020-04, Reference Rate Reform (Topic 848), which provides guidance containing practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. We will continue to evaluate the impact of the guidance and expect to adopt it over time as debt markets transition from LIBOR to alternative rates such as the Secured Overnight Funding Rate ("SOFR"). Correction of Immaterial Overstatement of Noncontrolling Interest During the year ended December 31, 2022, we identified an immaterial overstatement of the net equity balance related to the noncontrolling interests in partnership equity of our operating partnership. We previously recorded these noncontrolling interests based upon the fair value of the OP Units issued as consideration, increased for the noncontrolling interests’ share of net income of the operating partnership and decreased for the noncontrolling interests’ share of net loss and distributions. We have subsequently determined that transactions that change our ownership interest in the operating partnership are accounted for as equity transactions if we retain our controlling financial interest in the operating partnership and no gain or loss was recognized in net income. Accordingly, the net equity balance related to the noncontrolling interests in partnership equity of the operating partnership was adjusted to reflect these changes in ownership of the operating partnership as an equity transaction to reflect the change in ownership percentage of operating partnership. These adjustments are reflected as an allocation between Additional Paid in Capital and Noncontrolling Interest within our equity section on our Consolidated Balance Sheets and Consolidated Statements of Equity. Our ownership percentage of the operating partnership will increase as we issue common stock and will decrease as we issue OP Units to noncontrolling interests in the future. This correction has no impact on our net income, cash flows or the value of the OP Units. The following table summarizes the effects of this correction: As of December 31, 2021 Previously Reported Adjustment Corrected Noncontrolling interests 96,781 (28,976) 67,805 Additional paid in capital 2,284,839 28,976 2,313,815 As of December 31, 2020 Previously Reported Adjustment Corrected Noncontrolling interests 20,039 (1,352) 18,687 Additional paid in capital 1,922,136 1,352 1,923,488 |
Property (Notes)
Property (Notes) | 12 Months Ended |
Dec. 31, 2022 | |
Property, Plant and Equipment [Abstract] | |
Real Estate Disclosure [Text Block] | NOTE 3—PROPERTY The primary reason we make acquisitions of real estate investments in the industrial, office, residential, retail and other property sectors is to invest capital contributed by stockholders in a diversified portfolio of real estate assets. All references to square footage and units are unaudited. The following table provides information regarding the consolidated properties acquired during the years ended December 31, 2022, 2021 and 2020: Property Name Property Type Acquisition Date Price Square Footage Location 2022 Acquisitions Jefferson Lake Howell Residential March 30, 2022 $ 154,100 384 units Casselberry, FL Northeast Atlanta Distribution Center Industrial April 8, 2022 54,100 459,000 Jefferson, GA Cedar Medical Center at Flagstaff Office April 29, 2022 17,200 26,000 Flagstaff, AZ Patterson Place Retail May 31, 2022 14,500 25,000 Durham, NC Silverado Square Retail June 1, 2022 24,400 48,000 Las Vegas, NV Southeast Phoenix Distribution Center Industrial June 8, 2022 62,400 245,000 Chandler, AZ North Boston Medical Center Office June 28, 2022 22,500 30,000 Haverhill, MA North Charlotte Medical Center Office June 28, 2022 12,500 25,000 Stanley, NC Woodlawn Point Shopping Center Retail June 30, 2022 35,000 98,000 Marietta, GA Oak Street Lofts Residential July 15, 2022 81,500 187 units Tigard, OR Grand Rapids Medical Center Office July 21, 2022 9,300 25,000 Wyoming, MI Glendale Medical Center Office July 29, 2022 18,200 20,000 Los Angeles, CA 6300 Dumbarton Circle Office September 15, 2022 38,000 44,000 Fremont, CA 6500 Kaiser Drive Office September 15, 2022 42,500 88,000 Fremont, CA Greater Sacramento Medical Center Office September 16, 2022 11,100 18,000 Rancho Cordova, CA Molly Brook on Belmont Residential September 27, 2022 89,500 180 units North Haledon, NJ West Phoenix Distribution Center Industrial September 30, 2022 135,000 1,200,000 Glendale, AZ Puget Sound Distribution Center Industrial October 6, 2022 23,800 142,000 Lacey, WA Single-Family Rental Portfolio II Single Family Homes Various 99,600 320 units Various 2021 Acquisitions Louisville Distribution Center Industrial January 21, 2021 $ 95,000 1,040,000 Shepherdsville, KY 170 Park Avenue Office February 2, 2021 46,600 147,000 Florham Park, NJ Southeast Phoenix Distribution Center Industrial February 23, 2021 91,000 474,000 Chandler, AZ Princeton North Andover Residential May 3, 2021 72,500 192 units North Andover, MA Louisville Airport Distribution Center Industrial June 24, 2021 32,100 284,000 Louisville, KY 237 Via Vera Cruz and 13500 Danielson Street Industrial July 2, 2021 36,640 153,000 San Marcos and Poway, CA 4211 Starboard Drive Industrial July 9, 2021 32,000 130,000 Fremont, CA The Preserve at the Meadows Residential August 23, 2021 61,000 220 units Fort Collins, CO The Rockwell Residential August 31, 2021 84,000 204 units Berlin, MA Stony Point Drive Office September 15, 2021 52,000 87,000 Richmond, VA 5 National Way and 47 National Way Industrial September 28, 2021 66,750 375,000 Durham, NC Miramont Apartments Residential September 29, 2021 57,400 210 units Fort Collins, CO Pinecone Apartments Residential September 29, 2021 51,600 195 units Fort Collins, CO North Tampa Surgery Center Office October 7, 2021 8,500 13,000 Odessa, FL Friendship Distribution Center Industrial October 20, 2021 95,000 649,000 Buford, GA South San Diego Distribution Center Industrial October 28, 2021 158,500 665,000 San Diego, CA 1755 Britannia Drive and Industrial November 16, 2021 47,100 407,000 Elgin, IL 687 Conestoga Parkway Industrial November 17, 2021 39,500 327,000 Shepherdsville, KY 2840 Loker Avenue and 15890 Bernardo Center Drive Industrial November 30, 2021 41,100 152,000 Carlsbad and San Diego, CA The Reserve at Venice Residential December 17, 2021 93,000 276 units North Venice, FL Woodside Trumbull Residential December 21, 2021 98,000 199 units Trumbull, CT Durham Medical Office Office December 23, 2021 37,125 60,000 Durham, NC 1203 SW 7 Highway Office December 23, 2021 3,400 10,000 Blue Springs, MO 8600 NE 82nd Street Office December 23, 2021 5,500 11,000 Blue Springs, MO South Reno Medical Center Office December 28, 2021 14,025 32,000 Reno, NV Roeland Park Medical Office Office December 28, 2021 13,300 30,000 Roeland Park, KS Sugar Land Medical Office Office December 30, 2021 18,350 37,000 Sugar Land, TX 2020 Acquisitions Milford Crossing Retail January 29, 2020 $ 42,100 159,000 Milford, MA Fountainhead Corporate Park Office February 6, 2020 61,500 295,000 Phoenix, AZ Fort Worth Distribution Center Industrial October 23, 2020 24,050 351,000 Fort Worth, TX Whitestown Distribution Center Industrial December 11, 2020 62,300 720,000 Whitestown, IN We allocated the purchase price for our 2022 acquisitions in accordance with authoritative guidance as follows: 2022 Acquisitions 2021 Acquisitions 2020 Acquisitions Land $ 131,475 $ 173,962 $ 15,782 Building and equipment 719,146 1,145,365 136,430 In-place lease intangible (acquired intangible assets) 90,377 135,278 35,345 Above-market lease intangible (acquired intangible assets) 2,023 9,568 2,947 Below-market lease intangible (acquired intangible liabilities) (18,013) (19,997) (2,317) $ 925,008 $ 1,444,176 $ 188,187 Amortization period for intangible assets and liabilities 6 months - 19 years 5 months - 19 years 5 months - 15 years Impairment of Investment in Real Estate During the year ended December 31, 2021, i n accordance with authoritative guidance for impairment of long-lived assets, we determined that The Edge at Lafayette no longer fit our current investment objectives and strategy and reduced our expected hold period. We further determined that this asset was impaired as the carrying value of the investment was not deemed recoverable. Therefore, we recognized an impairment charge totaling $1,822, which represented the difference between the sale price less estimated costs to sell and the carrying value of the property. 2022 Dispositions On January 6, 2022, we sold Norfleet Distribution Center, a 702,000 square foot industrial property located in Kansas City, Missouri for approximately $60,375 less closing costs. We recorded a gain on the sale of the property in the amount of $34,584. On January 24, 2022, we sold The Edge at Lafayette, a 207,000 square foot student housing apartment property located in Lafayette, Louisiana for approximately $16,500 less closing costs. We recorded a gain on the sale of the property in the amount of $13. On December 1, 2022 we sold Oak Grove Plaza, a 120,000 square foot retail property located in Sachse, Texas for approximately $24,400 less closing costs. We recorded a gain on the sale of the property in the amount of $3,492. 2021 Disposition On January 8, 2021, we sold South Seattle Distribution Center, a three property industrial center totaling 323,000 square feet located in Seattle, Washington for approximately $72,600 less closing costs. In connection with the disposition, the mortgage loan associated with the property of $17,841 was retired. We recorded a gain on the sale of the property in the amount of $33,580. 2020 Disposition On March 27, 2020, we sold 24823 Anza Drive, a 31,000 square foot industrial property located in Santa Clarita, California for approximately $5,600 less closing costs. We recorded a gain on the sale of the property in the amount of $1,724. Held for Sale On December 15, 2021, Norfleet Distribution Center was classified as held for sale and was sold on January 6, 2022. On December 23, 2021, The Edge at Lafayette was classified as held for sale and was sold on January 24, 2022. As of December 31, 2021, our investment in real estate and other assets and liabilities held for sale was comprised of: December 31, 2021 Land $ 3,530 Building and equipment, net 35,349 Other assets, net 447 Total assets $ 39,326 Other liabilities $ 271 Total liabilities $ 271 |
Unconsolidated Real Estate Affi
Unconsolidated Real Estate Affiliates | 12 Months Ended |
Dec. 31, 2022 | |
Unconsolidated Real Estate Affiliates [Abstract] | |
UNCONSOLIDATED REAL ESTATE AFFILIATES | NOTE 4—UNCONSOLIDATED REAL ESTATE AFFILIATES AND FUND INVESTMENTS In addition to investments in consolidated properties, we may make investments in real estate which are classified as unconsolidated real estate affiliates under GAAP. The residential sector includes residential properties and single-family rental homes. Unconsolidated Real Estate Affiliates The following represent our unconsolidated real estate affiliates as of December 31, 2022 and December 31, 2021: Carrying Amount of Investment Property Property Type Location Acquisition Date December 31, 2022 December 31, 2021 Chicago Parking Garage Other Chicago, IL December 23, 2014 $ 13,449 $ 13,992 Pioneer Tower Office Portland, OR June 28, 2016 88,000 103,529 The Tremont Residential Burlington, MA July 19, 2018 21,211 21,345 The Huntington Residential Burlington, MA July 19, 2018 10,019 10,773 Siena Suwanee Town Center Residential Suwanee, GA December 15, 2020 30,449 30,685 Kingston at McLean Crossing Residential McLean, VA December 3, 2021 39,075 36,720 Total $ 202,203 $ 217,044 Summarized Combined Balance Sheets—Unconsolidated Real Estate Affiliates—Equity Method Investments (Unaudited) December 31, 2022 December 31, 2021 Net investments in real estate $ 399,107 $ 408,233 Acquired intangible assets, net 8,334 10,139 Other assets 14,661 8,433 Total assets $ 422,102 $ 426,805 Mortgage notes and other debt payable $ 180,278 $ 182,318 Acquired intangible liabilities, net 3,518 3,933 Other liabilities 1,733 2,266 Total liabilities 185,529 188,517 Members’ equity 236,573 238,288 Total liabilities and members' equity $ 422,102 $ 426,805 Company Investments in Unconsolidated Real Estate Affiliates—Equity Method Investments (Unaudited) December 31, 2022 December 31, 2021 Members’ equity $ 236,573 $ 238,288 Less: other members' equity (20,150) (19,858) Basis differential (14,220) (1,386) Investments in unconsolidated real estate affiliates $ 202,203 $ 217,044 Summarized Combined Statements of Operations—Unconsolidated Real Estate Affiliates—Equity Method Investments (Unaudited) Year Ended December 31, 2022 Year Ended December 31, 2021 Year Ended December 31, 2020 Total revenues $ 36,426 $ 24,862 $ 18,978 Total operating expenses 27,008 22,868 17,792 Operating income $ 9,418 $ 1,994 $ 1,186 Total other expenses (626) 4,586 2,894 Net income (loss) $ 10,044 $ (2,592) $ (1,708) Company Equity in Income of Unconsolidated Real Estate Affiliates—Equity Method Investments (Unaudited) Year Ended December 31, 2022 Year Ended December 31, 2021 Year Ended December 31, 2020 Net income (loss) of unconsolidated real estate affiliates $ 10,044 $ (2,592) $ (1,708) Other members’ share of net income (1,770) (186) (368) Impairment of investments in unconsolidated real estate affiliates (12,838) — (1,506) Company equity in (loss) of unconsolidated real estate affiliates $ (4,564) $ (2,778) $ (3,582) Real Estate Fund Investments At acquisition we may make the election to account for our interest in investments under the fair value option. This fair value election may be made when the investment is in the form of a commingled fund with institutional partners where fair value accounting provides the most relevant information about the financial condition of the investment. We record increases and decreases in our investment each reporting period based on the change in the fair value of the investment as estimated by the general partner. Critical inputs to NAV estimates include valuations of the underlying real estate assets which incorporate investment-specific assumptions such as discount rates, capitalization rates and rental growth rates. We do not consider adjustments to NAV estimates provided by the general partner, including adjustments for any restrictions to the transferability of ownership interests embedded within the investment agreement to which we are a party, to be necessary based upon (1) our understanding of the methodology utilized and inputs incorporated to estimate NAV at the investment level, (2) consideration of market demand for the assets held by the venture, and (3) contemplation of real estate and capital markets conditions in the localities in which the venture operates. Our investments accounted for under the fair value option are presented on our Consolidated Balance Sheets within real estate fund investments. Changes in the fair value of our investments as well as cash distributions received are recorded on our Consolidated Statements of Operations within income from unconsolidated real estate affiliates and fund investments. NYC Retail Portfolio On December 8, 2015, a wholly owned subsidiary of ours acquired an approximate 28% interest in a newly formed limited partnership, Madison NYC Core Retail Partners, L.P, which acquired an approximate 49% interest in entities that initially owned 15 retail properties located in the greater New York City area (the “NYC Retail Portfolio”), the result of which is that we own an approximate 14% interest in the NYC Retail Portfolio. The purchase price for such portion was approximately $85,600 including closing costs. As of December 31, 2022, the NYC Retail Portfolio owned eight retail properties totaling approximately 1,940,000 square feet across urban infill locations in Manhattan, Brooklyn, Queens and New Jersey. We have no unfunded commitments. As of December 31, 2022 and December 31, 2021, the carrying amount of our investment in the NYC Retail Portfolio was $75,417 and $84,874, respectively. During the year ended December 31, 2022, we recorded decreases in fair value of our investment in the NYC Retail Portfolio of $9,457 and received no cash distributions. During the year ended December 31, 2022, we made no capital contributions and received no distributions from Madison NYC Core Retail Partners, L.P. During the year ended December 31, 2021, we recorded decreases in fair value of our investment in the NYC Retail Portfolio of $4,021 and received no cash distributions. During the year ended December 31, 2021, we made a $1,661 capital contribution to Madison NYC Core Retail Partners, L.P. On March 4, 2020, a retail property in the NYC Retail Portfolio with a square footage of 74,000 was sold and the mortgage loan was extinguished. Single-Family Rental Portfolio I On August 5, 2021, we acquired an approximate 47% interest in a portfolio of approximately 4,000 stabilized single-family rental homes located in various markets across the United States, including Atlanta, Dallas, Phoenix, Nashville and Charlotte, among others (the "Single-Family Rental Portfolio I"). The portfolio is encumbered by securitized mortgages in a net amount of approximately $760,000 maturing in the fourth quarter of 2025 at a weighted average interest rate of 2.1%. The equity purchase price for our approximate 47% interest was approximately $205,000. We funded the transaction using cash on hand and a draw on our Revolving Credit Facility. As of December 31, 2022 and December 31, 2021, the carrying amount of our investment in the Single-Family Rental Portfolio I was $270,754 and $268,031 respectively. During the year ended December 31, 2022 and December 31, 2021, we recorded an increase in the fair value of our investment in the Single-Family Rental Portfolio I of $2,723 and an increase of $61,945 respectively. During the year ended December 31, 2022 and December 31, 2021, we received distributions of income totaling $7,895 and $4,145 respectively . The cash distributions of income increased income from unconsolidated real estate affiliates and fund investments. During the year ended December 31, 2021, we made a working capital funding of $909 to the joint venture and paid $343 in closing costs. Summarized Combined Balance Sheets—NYC Retail Portfolio Investment and Single-Family Rental Portfolio I—Fair Value Option Investment (Unaudited) December 31, 2022 December 31, 2021 Investment in real estate venture $ 1,646,374 $ 1,666,923 Cash 21,703 19,650 Other assets 52,190 55,562 Total assets $ 1,720,267 $ 1,742,135 Total liabilities $ 834,237 $ 823,503 Partners' capital 886,030 918,632 Total liabilities and partners' capital $ 1,720,267 $ 1,742,135 Summarized Statement of Operations—NYC Retail Portfolio Investment and Single-Family Rental Portfolio I—Fair Value Option Investment (Unaudited) Year Ended December 31, 2022 Year Ended December 31, 2021 Year Ended December 31, 2020 Total revenue $ 86,688 $ 31,945 $ 2,261 Net investment income (loss) $ 23,128 $ 4,025 $ (28) Net change in unrealized (loss) gain on investment in real estate venture (34,620) 162,207 (57,323) Net (loss) income $ (11,492) $ 166,232 $ (57,351) |
Mortgage Notes Payable (Notes)
Mortgage Notes Payable (Notes) | 12 Months Ended |
Dec. 31, 2022 | |
Mortgage Notes Payable [Abstract] | |
Debt Disclosure [Text Block] | MORTGAGE NOTES AND OTHER DEBT PAYABLE Mortgage notes and other debt payable have various maturities through 2042 and consist of the following: Property Maturity/Extinguishment Date Fixed / Interest Amount payable as of December 31, 2022 December 31, 2021 Aurora Distribution Center June 1, 2023 Fixed 3.39 % $ 13,156 $ 13,441 180 N Jefferson July 1, 2023 Fixed 3.89 45,000 45,000 Grand Lakes Marketplace October 1, 2023 Fixed 4.20 23,900 23,900 Oak Grove Plaza (1) February 1, 2024 Fixed 4.17 — 8,915 Charlotte Distribution Center September 1, 2024 Fixed 3.66 9,117 9,341 Genesee Plaza January 1, 2025 Fixed 4.30 38,306 39,285 Jory Trail at the Grove February 1, 2025 Fixed 3.81 41,954 42,793 Skokie Commons June 1, 2025 Fixed 3.31 23,118 23,627 DFW Distribution Center June 1, 2025 Fixed 3.23 17,720 17,720 AQ Rittenhouse September 1, 2025 Fixed 3.65 26,370 26,370 Timberland Town Center October 1, 2025 Fixed 4.07 19,739 20,253 Whitestone Market December 1, 2025 Fixed 3.58 25,750 25,750 Miramont Apartments March 1, 2026 Fixed 3.87 27,128 27,629 Pinecone Apartments March 1, 2026 Fixed 3.87 24,895 25,355 Louisville Distribution Center May 1, 2026 Fixed 1.76 52,250 52,250 Maui Mall June 1, 2026 Fixed 3.64 35,492 36,322 Rancho Temecula Town Center July 1, 2026 Fixed 4.02 28,000 28,000 Dylan Point Loma September 1, 2026 Fixed 3.83 39,598 40,319 237 Via Vera Cruz September 1, 2026 Floating 5.79 11,880 11,880 4211 Starboard Drive September 1, 2026 Floating 5.79 20,612 20,612 13500 Danielson Street September 1, 2026 Floating 5.79 10,990 10,990 2840 Loker Ave September 1, 2026 Floating 5.79 14,316 14,316 15890 Bernardo Center September 1, 2026 Floating 5.79 8,702 8,702 Lane Parke Apartments November 1, 2026 Fixed 3.18 37,000 37,000 The District at Howell Mill March 1, 2027 Fixed 5.30 28,036 28,858 San Juan Medical Center October 1, 2027 Fixed 3.35 16,730 16,730 Whitestown Distribution Center February 10, 2028 Fixed 2.95 34,000 34,000 Townlake of Coppell April 10, 2028 Fixed 2.41 36,030 36,030 Southeast Phoenix Distribution Center June 1, 2028 Fixed 2.70 49,000 49,000 Princeton North Andover June 1, 2028 Floating 5.94 39,900 39,900 Friendship Distribution Center (2) March 1, 2029 Floating 6.05 40,000 — Stonemeadow Farms August 1, 2029 Fixed 3.62 43,865 44,722 Presley Uptown November 1, 2029 Fixed 3.25 30,000 30,000 Reserve at Johns Creek December 1, 2029 Fixed 3.58 26,000 26,000 Summit at San Marcos May 1, 2030 Fixed 3.28 35,900 35,900 Mason Mill Distribution Center October 1, 2030 Fixed 3.25 17,500 17,500 The Penfield October 1, 2030 Fixed 2.50 35,500 35,500 South San Diego Distribution Center January 1, 2031 Fixed 3.18 72,500 72,500 Villas at Legacy January 1, 2031 Fixed 2.53 29,500 29,500 The Preserve at the Meadows October 1, 2031 Fixed 2.57 32,400 32,400 The Rockwell October 1, 2031 Fixed 2.62 46,310 46,310 Reserve at Venice (3) March 1, 2032 Fixed 2.98 55,800 — Molly Brook on Belmont (4) August 1, 2042 Fixed 3.31 54,650 — Revolving line of credit April 28, 2025 Floating 5.81 225,000 300,000 Bridge loan (5) December 1, 2022 Floating 1.75 — 100,000 Term loans April 28, 2027 Fixed & Floating 3.40% - 5.76% 400,000 235,000 TOTAL $ 1,943,614 $ 1,819,620 Net debt discount on assumed debt and debt issuance costs (19,087) (1,956) MORTGAGE NOTES AND OTHER DEBT PAYABLE, NET $ 1,924,527 $ 1,817,664 ________ (1) On August 5, 2022, we repaid the mortgage note payable related to Oak Grove Plaza in the amount of $8,770. (2) On March 18, 2022, we entered into a $40,000 mortgage payable on Friendship Distribution Center. The mortgage note bears an interest rate equal to the Secured Overnight Financing Rate ("SOFR") plus 1.75% (6.05% at December 31, 2022) and matures on March 1, 2029. (3) On February 15, 2022, we entered into a $55,800 mortgage payable on Reserve at Venice. The mortgage note bears an interest of 2.98% and matures on March 1, 2032. (4) On September 27, 2022, we assumed a mortgage payable that was originated on August 1, 2022 on Molly Brook on Belmont. The mortgage bears an interest rate of 3.31% and matures on August 1, 2042. As of December 31, 2022, the balance of the loan was $54,650. (5) On April 28, 2022, the Bridge Loan was extinguished upon execution of the Credit Facility. We have recognized a premium or discount on debt we assumed with the following property acquisitions, the remaining premium or discount is as follows as of December 31, 2022: Property Debt Premium Effective The District at Howell Mill $ (844) 6.34 % Timberland Town Center 280 3.34 Jory Trail at the Grove (54) 3.94 Genesee Plaza 670 4.30 Pinecone Apartments 1,202 2.33 Miramont Apartments 1,310 2.33 South San Diego Distribution Center 2,990 3.18 Molly Brook on Belmont (13,047) 5.90 Net debt premium on assumed debt $ (7,493) Aggregate future principal payments of mortgage notes payable and other debt payable are as follows: Year Amount 2023 $ 90,732 2024 17,653 2025 418,473 2026 309,240 2027 447,860 Thereafter 659,656 Total $ 1,943,614 Land, buildings, equipment and acquired intangible assets related to the mortgage notes payable, with an aggregate cost of approximately $2,731,000 and $2,421,000 at December 31, 2022 and 2021, respectively, have been pledged as collateral, and are not available to satisfy our debts and obligations unless first satisfying the mortgage note payable on the property. As our mortgage notes mature, we will explore refinancing and paying off the loans as well as full or partial sales of the properties. To accomplish these refinancings and pay downs, we would use cash on hand, cash from future property operations and capital from the proceeds of the Current Public Offering. Credit Facility On April 28, 2022, we entered into a credit agreement providing for a $1,000,000 revolving line of credit and unsecured term loan (collectively, the "Credit Facility") with a syndicate of nine lenders led by JPMorgan Chase Bank, N.A., Bank of America, N.A., PNC Capital Markets LLC, Wells Fargo Securities, LLC and Capital One, National Association. The Credit Facility provides us with the ability, from time to time, to increase the size of the Credit Facility up to a total of $1,300,000, subject to receipt of lender commitments and other conditions. The $1,000,000 Credit Facility consists of a $600,000 revolving line of credit (the “Revolving Credit Facility”) and a $400,000 term loan (the “Term Loan”). The primary interest rate for the Revolving Credit Facility is based on one-month term SOFR plus 0.10% (“Adjusted Term SOFR”), plus a margin ranging from 1.3% to 2.00%, depending on our total leverage ratio. The primary interest rate for the Term Loan is based on Adjusted Term SOFR, plus a margin ranging from 1.25% to 1.95%, depending on our total leverage ratio. The maturity date of the Revolving Credit Facility is April 28, 2025 and the Term Loan is April 28, 2027. The Credit Facility contains two, twelve-month extension options at our election. Based on our current total leverage ratio, we can elect to borrow at Adjusted Term SOFR plus 1.35% and Adjusted Term SOFR plus 1.30% for the Revolving Credit Facility and Term Loan, respectively, or alternatively, we can choose to borrow at a “base rate” equal to (i) the highest of (a) the Federal Funds Rate plus 0.5%, (b) the prime rate announced by JPMorgan Chase Bank, N.A., and (c) Adjusted Term SOFR plus 1.0%, plus (ii) a margin ranging from 0.30% to 1.00% for base rate loans under the Revolving Credit Facility or a margin ranging from 0.25% to 0.95% for base rate loans under the Term Loan. If the “base rate” is less than 1.0%, it will be deemed to be 1.0% for purposes of the Credit Facility. We intend to use the Revolving Credit Facility to cover short-term capital needs, for new property acquisitions and working capital. We may not draw funds on our Credit Facility if we (i) experience a material adverse effect, which is defined to include, among other things, (a) a material adverse effect on the business, assets, operations or financial condition of the Company taken as a whole; (b) the inability of any loan party to perform any of its obligations under any loan document; or (c) a material adverse effect upon the validity or enforceability of any loan document or (ii) are in default, as that term is defined in the agreement, including a default under certain other loan agreements and/or guarantees entered into by us or our subsidiaries. As of December 31, 2022, we believe no material adverse effects had occurred. We expect to utilize our cash on hand and Credit Facility capacity to extinguish mortgage notes maturing in 2023. Borrowings under the Credit Facility are guaranteed by us and certain of our subsidiaries. The Credit Facility requires the maintenance of certain financial covenants, including: (i) unencumbered property pool leverage ratio; (ii) debt service coverage ratio; (iii) maximum total leverage ratio; (iv) fixed charges coverage ratio; (v) minimum NAV; (vi) maximum secured debt ratio; (vii) maximum secured recourse debt ratio; (viii) maximum permitted investments; and (ix) unencumbered property pool criteria. The Credit Facility provides the flexibility to move assets in and out of the unencumbered property pool during the term of the Credit Facility. At December 31, 2022, we had $225,000 outstanding under the Revolving Credit Facility at Adjusted Term SOFR plus 1.45% and $400,000 outstanding under the Term Loan at Adjusted Term SOFR plus 1.40%. We swapped $190,000 of the Term Loan to a fixed rate of 2.40% (all in rate of 3.80% at December 31, 2022). The interest swap agreements have maturity dates ranging from February 17, 2023 through April 28, 2027. At December 31, 2021, we had $300,000 outstanding under our previous revolving line of credit, $100,000 outstanding under the Bridge Loan, and $235,000 outstanding under the Term Loans. On December 10, 2021, we entered into an additional $100,000 short-term bridge loan (the "Bridge Loan") with JPMorgan Chase Bank, N.A. under the same terms as our Credit Facility. The Bridge Loan bore interest at SOFR plus 1.45% to 2.15% depending on our total leverage ratio. The maturity date of the Bridge Loan was December 1, 2022 and had two, three month extension options. The Bridge Loan was extinguished on April 28, 2022 upon execution of the Credit Facility. Covenants At December 31, 2022, we were in compliance with all debt covenants. Debt Issuance Costs |
Common Stock
Common Stock | 12 Months Ended |
Dec. 31, 2022 | |
Common Stock, Number of Shares, Par Value and Other Disclosure [Abstract] | |
COMMON STOCK | COMMON STOCK AND OP UNITS We have five classes of common stock: Class A, Class M, Class A-I, Class M-I, and Class D. The fees payable to LaSalle Investment Management Distributors, LLC, an affiliate of our Advisor and the dealer manager for our offerings (the "Dealer Manager"), with respect to each outstanding share of each class, as a percentage of NAV, are as follow: Selling Commission (1) Dealer Manager Fee (2) Class A Shares up to 3.0% 0.85% Class M Shares — 0.30% Class A-I Shares up to 1.5% 0.30% Class M-I Shares — None Class D Shares (3) up to 1.0% None ________ (1) Selling commissions are paid on the date of sale of our common stock. (2) We accrue all future dealer manager fees up to the ten percent regulatory limitation as accrued offering costs on our Consolidated Balance Sheets on the date of sale of our common stock. For NAV calculation purposes, dealer manager fees are accrued daily, on a continuous basis equal to 1/365th of the stated fee. Each Class A, Class M and Class A-I share sold in a public offering will automatically convert into the number of Class M-I shares based on the then-current applicable NAV of each class on the date following the termination of the primary portion of such public offering in which we, with the assistance of the Dealer Manager, determine that total underwriting compensation paid with respect to such public offering equals 10% of the gross proceeds from the primary portion of such public offering. (3) Shares of Class D common stock are only being offered pursuant to a private offering. The selling commissions and dealer manager fees are offering costs and are recorded as a reduction of additional paid in capital. Stock Transactions The stock transactions for each of our classes of common stock for the years ending December 31, 2022, 2021 and 2020 were as follows: Shares of Shares of Shares of Shares of Shares of Balance, December 31, 2019 88,007,721 39,036,770 11,153,567 22,589,599 4,957,915 Issuance of common stock 13,533,380 2,453,336 314,149 12,417,353 — Repurchase of shares (11,333,773) (5,009,716) (1,878,636) (3,150,763) — Stock based compensation — — — 16,000 — Share conversions (536,232) (868,234) 27,219 1,374,812 — Balance, December 31, 2020 89,671,096 35,612,156 9,616,299 33,247,001 4,957,915 Issuance of common stock 16,945,256 3,590,727 478,460 20,501,787 2,555,366 Repurchase of shares (6,327,886) (1,937,556) (738,450) (2,148,050) — Stock based compensation — — — 20,000 — Share conversions (250,104) (807,136) — 1,055,955 — Balance, December 31, 2021 100,038,362 36,458,191 9,356,309 52,676,693 7,513,281 Issuance of common stock 20,927,064 5,652,729 443,729 27,821,134 — Repurchase of shares (5,590,784) (767,360) (1,361,701) (5,110,944) (4,490,256) Stock based compensation — — — 26,781 — Share conversions (1,729,476) (15,173,300) (3,488,129) 20,389,745 — Balance, December 31, 2022 113,645,166 26,170,260 4,950,208 95,803,409 3,023,025 Stock Issuances The stock issuances for our classes of shares, including those issued through our distribution reinvestment plan, for the years ending December 31, 2022, 2021 and 2020 were as follows: December 31, 2022 December 31, 2021 December 31, 2020 # of shares $ Amount # of shares $ Amount # of shares $ Amount Class A Shares 20,927,064 $ 308,318 16,945,256 $ 210,810 13,533,380 $ 164,020 Class M Shares 5,652,729 82,545 3,590,727 44,885 2,453,336 29,258 Class A-I Shares 443,729 6,578 478,460 6,077 314,149 3,736 Class M-I Shares 27,847,915 405,593 20,521,787 254,168 12,433,353 149,090 Class D Shares — — 2,555,366 30,000 — — Total $ 803,034 $ 545,940 $ 346,104 Share Repurchase Plan Our share repurchase plan allows stockholders, subject to a one-year holding period, with certain exceptions, to request that we repurchase all or a portion of their shares of common stock on a daily basis at that day's NAV per share, limited to 5% of aggregate Company NAV per quarter. We honored 100% of redemption requests we received and have made repurchases according to our share repurchase plan as following: Year ending December 31, Shares of Shares of Shares of Shares of Shares of Total Dollar of Repurchases 2020 11,333,773 5,009,716 1,878,636 3,150,763 — $ 255,355 2021 6,327,886 1,937,556 738,450 2,148,050 — 135,246 2022 5,590,784 767,360 1,361,701 5,110,944 4,490,256 253,860 Distribution Reinvestment Plan Pursuant to our distribution reinvestment plan, holders of shares of any class of our common stock and OP Units may elect to have their cash distributions reinvested in additional shares of our common stock and OP Units at the NAV per share or NAV per unit applicable to the class of shares or unit being purchased on the distribution date. For the year ended December 31, 2022, we issued 5,151,317 shares of common stock for $75,552 and 1,624 OP Units for $22 under the distribution reinvestment plan. For the year ended December 31, 2021, we issued 4,726,012 shares of common stock for $59,133 under the distribution reinvestment plan. For the year ended December 31, 2020, we issued 5,653,314 shares of common stock for $66,990 under the distribution reinvestment plan. Operating Partnership Units In connection with the acquisition of Siena Suwanee Town Center and South San Diego Distribution Center, our operating partnership issued 7,037,257 OP Units to third parties for a total of $88,925. On July 8, 2022, our operating partnership exercised its fair market value purchase option to acquire The Reserve at Johns Creek and issued 2,575,832 OP Units for approximately $38,200 to DST investors. After a one-year holding period, holders of OP Units generally have the right to cause our operating partnership to redeem all or a portion of their OP Units for, at our sole discretion, shares of our common stock, cash, or a combination of both. Earnings Per Share (“EPS”) Basic per share amounts are based on the weighted average of shares outstanding of 229,552,710, 186,610,215 and 170,613,298 for the years ended December 31, 2022, 2021 and 2020, respectively. We have no dilutive or potentially dilutive securities. We compute net income per share for Class A, Class M, Class A-I, Class M-I, and Class D common stock using the two-class method. Our Advisor may earn a performance fee ( see Note 9-Related Party Transactions ) which may impact the net income of each class of common stock differently. The calculated performance component for the years ended December 31, 2022, 2021 and 2020, and the impact on each class of common stock, are shown below. In periods where no performance fee is recognized in our Consolidated Statements of Operations and Comprehensive Income, the net income per share will be the same for each class of common stock. Basic and diluted net income per share for each class of common stock is computed using the weighted-average number of common shares outstanding during the period for each class of common stock. We have not issued any dilutive or potentially dilutive securities, and thus the basic and diluted net income per share for a given class of common stock is the same for each period presented. The following table sets forth the computation of basic and diluted net income per share for each of our Class A, Class M, Class A-I, Class M-I, and Class D common stock: Year Ended December 31, 2022 Class A Class M Class A-I Class M-I Class D Basic and diluted net loss per share: Allocation of net loss before performance fee $ (16,766) $ (4,327) $ (1,039) $ (12,689) $ (761) Allocation of performance fee 2,642 1,240 356 2,170 330 Total $ (19,408) $ (5,567) $ (1,395) $ (14,859) $ (1,091) Weighted average number of common shares outstanding 108,161,922 27,911,145 6,708,638 81,854,681 4,916,324 Basic and diluted net loss per share: $ (0.18) $ (0.20) $ (0.21) $ (0.18) $ (0.22) Year Ended December 31, 2021 Class A Class M Class A-I Class M-I Class D Basic and diluted net income per share: Allocation of net income before performance fee $ 43,011 $ 16,231 $ 4,360 $ 18,960 $ 3,262 Allocation of performance fee 17,269 6,561 1,712 8,992 1,408 Total $ 25,742 $ 9,670 $ 2,648 $ 9,968 $ 1,854 Weighted average number of common shares outstanding 93,504,890 35,291,400 9,484,119 41,229,584 7,100,222 Basic and diluted net income per share: $ 0.28 $ 0.27 $ 0.28 $ 0.24 $ 0.26 Year Ended December 31, 2020 Class A Class M Class A-I Class M-I Class D Basic and diluted net loss per share: Allocation of net loss before performance fee $ (23,259) $ (9,465) $ (2,598) $ (7,405) $ (1,279) Allocation of performance fee — — — — — Total $ (23,259) $ (9,465) $ (2,598) $ (7,405) $ (1,279) Weighted average number of common shares outstanding 90,176,584 36,694,995 10,073,075 28,710,729 4,957,915 Basic and diluted net loss per share: $ (0.26) $ (0.26) $ (0.26) $ (0.26) $ (0.26) Distributions Declared The distributions declared per share for each of our classes of common stock for the years ended December 31, 2022, 2021 and 2020 were as follows: Distributions Distributions Paid (1) Record Date Declared Class A Class M Class A-I Class M-I Class D 3/24/2022 $ 0.14000 $ 0.11467 $ 0.13095 $ 0.13100 $ 0.14000 $ 0.14000 6/23/2022 0.14000 0.11270 0.12951 0.13102 0.14000 0.14000 9/22/2022 0.14000 0.11240 0.12962 0.13082 0.14000 0.14000 12/22/2022 0.14000 0.11204 0.12966 0.13100 0.14000 0.14000 Total $ 0.56000 $ 0.45181 $ 0.51974 $ 0.52384 $ 0.56000 $ 0.56000 Distributions Distributions Paid (1) Record Date Declared Class A Class M Class A-I Class M-I Class D 3/24/2021 $ 0.13500 $ 0.11326 $ 0.12715 $ 0.12726 $ 0.13500 $ 0.13500 6/24/2021 0.13500 0.11294 0.12696 0.12710 0.13500 0.13500 9/24/2021 0.13500 0.11189 0.12666 0.12644 0.13500 0.13500 12/23/2021 0.13500 0.11092 0.12637 0.12675 0.13500 0.13500 Total $ 0.54000 $ 0.44901 $ 0.50714 $ 0.50755 $ 0.54000 $ 0.54000 Distributions Distributions Paid (1) Record Date Declared Class A Class M Class A-I Class M-I Class D 3/25/2020 $ 0.13500 $ 0.11211 $ 0.12649 $ 0.12681 $ 0.13500 $ 0.13500 6/24/2020 0.13500 0.11239 0.12683 0.12753 0.13500 0.13500 9/24/2020 0.13500 0.11282 0.12661 0.12632 0.13500 0.13500 12/23/2020 0.13500 0.11280 0.12719 0.12715 0.13500 0.13500 Total $ 0.54000 $ 0.45012 $ 0.50712 $ 0.50781 $ 0.54000 $ 0.54000 ________ (1) Distributions paid are net of dealer manager fees applicable to each share class. Organization and Offering Costs |
DST Program (Notes)
DST Program (Notes) | 12 Months Ended |
Dec. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
DST Program | DST PROGRAM On October 16, 2019, we, through our operating partnership, initiated the DST Program, and on November 8, 2022, our board of directors approved an increase to raise up to a total of $2,000,000 in private placements through the sale of beneficial interests in specific DSTs holding DST Properties, which may be sourced from our existing portfolio or from newly acquired properties sourced from third parties. Each DST Property will be leased back by a wholly owned subsidiary of our operating partnership on a long-term basis of up to ten years pursuant to a master lease agreement. The master lease agreements are expected to be guaranteed by our operating partnership. As compensation for the master lease guarantee, our operating partnership will retain a fair market value purchase option giving it the right, but not the obligation, to acquire the beneficial interests in the DST from the investors at any time after two years from the closing of the applicable DST offering in exchange for OP Units or cash, at our discretion. The sale of beneficial interests in the DST Property will be accounted for as a failed sale-leaseback transaction due to the fair market value purchase option retained by the operating partnership and as such, the property will remain on our books and records. The proceeds received from each DST offering will be accounted for as a financing obligation on the Consolidated Balance Sheets. Upfront costs incurred for services provided to the DST totaling $901 are accounted for as deferred loan costs and are netted against the financing obligation. Under the master lease, we are responsible for subleasing the DST Property to tenants, for covering all costs associated with operating the underlying DST Property, and for paying base rent to the DST that owns such property. For financial reporting purposes (and not for income tax purposes), the DST Properties are included in our consolidated financial statements, with the master lease rent payments accounted for using the interest method whereby a portion is accounted for as interest expense and a portion is accounted for as a reduction of the outstanding principal balance of the financing obligation. During the years ended December 31, 2022 and 2021 we recorded interest expense related to the master lease in the amounts of $20,859 and $8,603, respectively. Upon the determination that it is probable that we will exercise the fair market value purchase option, we will recognize additional interest expense or interest income to the financing obligation to account for the difference between the fair value of the property and the outstanding liabilities. During the year ended December 31, 2022, we determined that certain properties were probable for exercising the fair market value purchase option and recorded additional non-cash interest expense of $22,693. We will remeasure the fair value of these properties at each balance sheet date and adjust the non-cash interest expense recognized over the remaining term of the master lease for any changes in fair value. If we elect to repurchase the property prior to the maturity date of the master lease, we will record the difference between the repurchase amount and the financial obligation as additional non-cash interest expense in the period of repurchase. For financial reporting purposes, the rental revenues and rental expenses associated with the underlying property of each master lease are included in the respective line items on our Consolidated Statements of Operations and Comprehensive Income. The net amount we receive from the underlying DST Properties may be more or less than the amount we pay to the investors in the specific DST and could fluctuate over time. As of December 31, 2022, we sold approximately $759,194 of interests related to the DST Program. As of December 31, 2022, the following properties are included in our DST Program: • Summit at San Marcos, • Mason Mill Distribution Center, • San Juan Medical Center, • The Penfield, • Milford Crossing, • Villas at Legacy, • Montecito Marketplace, • Whitestown Distribution Center, • Louisville Airport Distribution Center, • The Preserve at the Meadows, • The Rockwell, • 9101 Stony Point Drive, • Reserve at Venice, • Friendship Distribution Center, • Duke Medical Center, • Silverstone Marketplace, • South Reno Medical Center, • Sugar Land Medical Plaza, • Suwanee Distribution Center, and • West Phoenix Distribution Center. |
Rentals Under Operating Leases
Rentals Under Operating Leases | 12 Months Ended |
Dec. 31, 2022 | |
Leases [Abstract] | |
Lessor, Operating Leases | RENTALS UNDER OPERATING LEASES We receive rental income from operating leases. The minimum future rentals from consolidated properties, excluding those classified as held for sale, based on operating leases in place at December 31, 2022 are as follows: Year Amount 2023 $ 248,339 2024 181,270 2025 155,686 2026 138,913 2027 112,196 Thereafter 447,196 Total $ 1,283,600 Minimum future rentals do not include amounts payable by certain tenants based upon a percentage of their gross sales or as reimbursement of property operating expenses. During the years ended December 31, 2022, 2021 and 2020, no individual tenant accounted for greater than 10% of minimum base rents. The majority of the decrease in rents from 2023 future rents to 2024 is related to our residential properties which generally have a one year lease life. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2022 | |
Related Party Transaction, Due from (to) Related Party [Abstract] | |
RELATED PARTY TRANSACTIONS | RELATED PARTY TRANSACTIONS Pursuant to the Advisory Agreement with LaSalle, we pay a fixed advisory fee of 1.25% of our NAV calculated daily. The Advisory Agreement allows for a performance fee to be earned for each share class based on the total return of that share class or OP Unit during the calendar year. The performance fee is calculated as 10% of the return in excess of 7% per annum. The term of our Advisory Agreement expires June 5, 2023, subject to an unlimited number of successive one-year renewals. The fixed advisory fees for the years ended December 31, 2022, 2021 and 2020 were $43,364, $28,956 and $25,274, respectively. The performance fees for the years ended December 31, 2022, 2021 and 2020 were $6,969, $36,711 and $0, respectively. Included in Advisor fees payable for the years ended December 31, 2022 and 2021 were $3,851 and $2,998 of fixed fee expense, respectively, and $6,969 and $36,711 of performance fee expenses, respectively. We pay Jones Lang LaSalle Americas, Inc. (“JLL Americas”), an affiliate of the Advisor, for property management, construction management, leasing, mortgage brokerage and sales brokerage services performed at various properties we own. For the years ended December 31, 2022, 2021 and 2020, JLL Americas was paid $2,098, $1,222 and $741, respectively, for property management and leasing services. During the year ended December 31, 2022, there were no mortgage brokerage fees paid to JLL Americas. During the year ended December 31, 2021, we paid JLL Americas $209 in mortgage brokerage fees related to the mortgage notes payable for Louisville Airport Distribution Center and $162 in mortgage brokerage fees related to the mortgage payable for Townlake of Coppell. During the year ended December 31, 2020, we paid JLL Americas $75 in brokerage fees for the sale of 24823 Anza Drive and $133 in mortgage brokerage fees related to the mortgage note payable for Villas at Legacy. We pay the Dealer Manager selling commissions and dealer manager fees in connection with our offerings. For the years ended December 31, 2022, 2021 and 2020, we paid the Dealer Manager selling commissions and dealer manager fees totaling $16,075, $12,246 and $11,303, respectively. A majority of the selling commissions and dealer manager fees are reallowed to participating broker-dealers. Included in accrued offering costs at December 31, 2022 and 2021 were $185,557 and $135,663 of future dealer manager fees payable, respectively. As of December 31, 2022 and 2021, we owed $2,185 and $2,113, respectively, for organization and offering costs paid by LaSalle ( see Note 6-Common Stock and OP Units ). These costs are included in Accrued offering costs. LaSalle Investment Management Distributors, LLC also serves as the dealer manager for the DST Program on a “best efforts” basis. Our taxable REIT subsidiary, which is a wholly owned subsidiary of our operating partnership, will pay the dealer manager upfront selling commissions, upfront dealer manager fees and placement fees of up to 5.0%, 1.0% and 1.0%, respectively, of the gross purchase price per unit of beneficial interest sold in the DST Program. All upfront selling commissions and upfront dealer manager fees are reallowed to participating broker-dealers. For the years ended December 31, 2022 and 2021, our taxable REIT subsidiary paid $6,524 and $5,697, respectively, to the Dealer Manager. In addition, the dealer manager may receive an ongoing investor servicing fee that is calculated daily on a continuous basis from year to year equal to 1/365th of (a) 0.25% of the NAV of each outstanding unit of beneficial interest for such day, payable by the DSTs; (b) 0.85% of the NAV of each outstanding Class A OP Unit, 0.30% of the NAV of each outstanding Class M OP Unit and 0.30% of the NAV of each outstanding Class A-I OP Unit for such day issued in connection with the FMV Option, payable by our operating partnership; and (c) 0.85% of the NAV of each outstanding Class A share, 0.30% of the NAV of each outstanding Class M share and 0.30% of the NAV of each outstanding Class A-I share for such day issued in connection with the Redemption Right, payable by us. The investor servicing fee may continue for so long as the investor in the DST Program holds beneficial interests, Class A, Class M, and Class A-I OP Units or Class A, Class M and Class A-I shares that were issued in connection with the DST Program. No investor servicing fee will be paid on Class M-I OP Units or Class M-I shares. For the years ended December 31, 2022 and 2021, the DSTs paid $1,493 and $754, respectively, in investor servicing fees to the Dealer Manager in connection with the DST Program. LaSalle also serves as the manager for the DST Program. Each DST may pay the manager a management fee equal to a to-be-agreed upon percentage of the total equity of such DST. For the years ended December 31, 2022 and 2021, the DSTs paid $947 and $463, respectively, in management fees to our Advisor in connection with the DST Program. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | COMMITMENTS AND CONTINGENCIES We are involved in various claims and litigation matters arising in the ordinary course of business, some of which involve claims for damages. Many of these matters are covered by insurance, although they may nevertheless be subject to deductibles or retentions. Although the ultimate liability for these matters cannot be determined, based upon information currently available, we believe the ultimate resolution of such claims and litigation will not have a material adverse effect on our financial position, results of operations or liquidity. From time to time, we have entered into contingent agreements for the acquisition and financing of properties. Such acquisitions and financings are subject to satisfactory completion of due diligence or meeting certain leasing or occupancy thresholds. We are subject to fixed ground lease payments on South Beach Parking Garage of $112 per year until September 30, 2024, which will increase every five years thereafter by the lesser of 12% or the cumulative Consumer Price Index ("CPI") over the previous five year period. We are also subject to a variable ground lease payment calculated as 2.5% of revenue. The lease expires September 30, 2041 and has a ten-year renewal option. The operating agreement for Grand Lakes Marketplace allows the unrelated third party joint venture partner, owning a 10% interest, to put its interest to us at a market determined value. The operating agreement for 237 Via Vera Cruz, 13500 Danielson Street, 4211 Starboard, 2840 Loaker Avenue and 15890 Bernardo Center Drive allows the unrelated third party joint venture partner, owning a 5% interest, to put its interest to us at a market determined value starting July 31, 2024. |
Segment Reporting
Segment Reporting | 12 Months Ended |
Dec. 31, 2022 | |
Segment Reporting [Abstract] | |
Segment Reporting Disclosure [Text Block] | SEGMENT REPORTING We have five operating segments: industrial, office, residential, retail and other properties. Consistent with how we review and manage our properties, the financial information summarized below is presented by operating segment and reconciled to income from operations for the years ended December 31, 2022, 2021 and 2020: Year Ended December 31, 2022 Industrial Office Residential Retail Other Total Assets $ 1,586,416 $ 640,066 $ 1,623,069 $ 612,640 $ 20,543 $ 4,482,734 Capital expenditures by segment $ 9,202 $ 4,536 $ 8,692 $ 5,014 $ 11 $ 27,455 Revenues: Rental revenue $ 106,020 $ 50,179 $ 115,259 $ 55,863 $ 310 $ 327,631 Other revenue 127 1,392 5,439 500 2,099 9,557 Total revenues $ 106,147 $ 51,571 $ 120,698 $ 56,363 $ 2,409 $ 337,188 Operating expenses: Real estate taxes $ 16,730 $ 4,927 $ 17,086 $ 6,177 $ 389 $ 45,309 Property operating 9,172 10,346 32,423 8,798 798 61,537 Total segment operating expenses $ 25,902 $ 15,273 $ 49,509 $ 14,975 $ 1,187 $ 106,846 Reconciliation to net income Property general and administrative 2,882 Advisor fees 50,333 Company level expenses 8,762 Depreciation and amortization 138,104 Total operating expenses $ 306,927 Other income and (expenses): Interest expense $ (99,284) Loss from unconsolidated real estate affiliates and fund investment (3,403) Investment income on marketable securities 1,505 Net realized loss upon sale of marketable securities (879) Net unrealized change in fair value of investment in marketable securities (9,570) Gain from disposition of property and extinguishment of debt, net 37,253 Total other income and (expenses) $ (74,378) Net loss $ (44,117) Reconciliation to total consolidated assets as of December 31, 2022 Assets per reportable segments (1) $ 4,482,734 Investment in unconsolidated real estate affiliates, real estate fund investment and corporate level assets 671,484 Total consolidated assets $ 5,154,218 Year Ended December 31, 2021 Industrial Office Residential Retail Other Total Assets $ 1,352,580 $ 479,306 $ 1,301,454 $ 564,565 $ 23,412 $ 3,721,317 Capital expenditures by segment $ 17,165 $ 4,284 $ 6,196 $ 3,212 $ 16 $ 30,873 Revenues: Rental revenue $ 71,719 $ 33,178 $ 74,378 $ 48,286 $ 379 $ 227,940 Other revenue 367 1,792 5,534 1,117 2,588 11,398 Total revenues $ 72,086 $ 34,970 $ 79,912 $ 49,403 $ 2,967 $ 239,338 Operating expenses: Real estate taxes $ 10,505 $ 3,394 $ 12,500 $ 5,979 $ 459 $ 32,837 Property operating 5,783 6,865 22,619 7,973 755 43,995 Total segment operating expenses $ 16,288 $ 10,259 $ 35,119 $ 13,952 $ 1,214 $ 76,832 Reconciliation to net income Property general and administrative 1,596 Advisor fees 65,667 Company level expenses 4,841 Provision for impairment of real estate 1,822 Depreciation and amortization 94,051 Total operating expenses $ 244,809 Other income and (expenses): Interest expense $ (48,230) Income from unconsolidated real estate affiliates and fund investments 67,333 Investment income on marketable securities 418 Net realized gain upon sale of marketable securities 247 Net unrealized change in fair value of investment in marketable securities 2,933 Income from disposition of property and extinguishment of debt 33,422 Total other income and (expenses) 56,123 Net income $ 50,652 Reconciliation to total consolidation assets as of December 31, 2021 Assets per reportable segments $ 3,721,317 Investment in unconsolidated real estate affiliates, real estate fund investment and corporate level assets 680,929 Total consolidated assets $ 4,402,246 ________ (1) Includes $39,326 of Industrial and Residential segment assets classified as held for sale as of December 31, 2021. Year Ended December 31, 2020 Industrial Office Residential Retail Other Total Capital expenditures by segment $ 4,673 $ 2,589 $ 4,346 $ 1,803 $ 119 $ 13,530 Revenues: Rental revenue $ 49,743 $ 27,239 $ 63,948 $ 45,417 $ 294 $ 186,641 Other income 323 1,313 3,474 572 1,298 6,980 Total revenues $ 50,066 $ 28,552 $ 67,422 $ 45,989 $ 1,592 $ 193,621 Operating expenses: Real estate taxes $ 8,218 $ 3,396 $ 11,476 $ 6,193 $ 382 $ 29,665 Property operating 4,121 5,938 19,643 7,583 714 37,999 Total segment operating expenses $ 12,339 $ 9,334 $ 31,119 $ 13,776 $ 1,096 $ 67,664 Reconciliation to net income Property general and administrative 4,318 Advisor fees 25,274 Company level expenses 2,936 Depreciation and amortization 75,603 Total operating expenses $ 175,795 Other income and (expenses): Interest expense $ (40,668) Loss from unconsolidated real estate affiliates and fund investments (19,451) Loss on disposition of property and extinguishment of debt (1,772) Total other income and (expenses) $ (61,891) Net loss $ (44,065) |
Comprehensive Text Block List
Comprehensive Text Block List | 12 Months Ended |
Dec. 31, 2022 | |
Text Block [Abstract] | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure | NOTE 12—INVESTMENT IN MARKETABLE SECURITIES The following is a summary of our investment in marketable securities held as of December 31, 2022 and December 31, 2021, which consisted entirely of stock of publicly traded REITs. December 31, 2022 December 31, 2021 Investment in marketable securities - cost $ 50,815 $ 40,273 Unrealized gains 716 3,161 Unrealized losses (7,349) (228) Net unrealized (loss) gain (6,633) 2,933 Investment in marketable securities - fair value $ 44,182 $ 43,206 |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2022 | |
Subsequent Events [Abstract] | |
Subsequent Events | SUBSEQUENT EVENTS On March 7, 2023, our board of directors approved a gross dividend for the first quarter of 2023 of $0.145 per share to stockholders and OP Unit holders of record as of March 24, 2023. The dividend will be paid on or around March 30, 2023. Stockholders and OP Unit holders will receive $0.145 per share or OP Unit, less applicable class-specific fees, if any. On March 16, 2023, our operating partnership exercised the fair value options to acquire the DST investors beneficial interests in Summit at San Marcos, Mason Mill Distribution Center and San Juan Medical Center for approximately $109,000 of OP Units. As a result of the transaction we incurred approximately $35,000 of non-cash interest expense. * * * * * * |
Schedule III - Real Estate and
Schedule III - Real Estate and Accumulated Depreciation (Notes) | 12 Months Ended |
Dec. 31, 2022 | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract] | |
Real Estate and Accumulated Depreciation Disclosure [Text Block] | Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2022 Col. A Col. B Col. C Col. D Col. E Description Encumbrances Initial Cost Costs Capitalized Gross Amounts at which Total Land Building Land Building Carrying Land Building Industrial Properties: Kendall Distribution Center—Atlanta, GA — 2,656 12,836 (293) 1,015 — 2,363 13,851 16,214 Suwanee Distribution Center—Suwanee, GA — 6,155 27,598 — 121 — 6,155 27,719 33,874 Grand Prairie Distribution Center—Grand Prairie, TX — 2,100 12,478 — 404 — 2,100 12,882 14,982 Charlotte Distribution Center—Charlotte, NC 9,117 5,381 15,002 — 397 — 5,381 15,399 20,780 4050 Corporate Drive—Grapevine, TX 12,147 5,200 18,327 — 1,779 — 5,200 20,106 25,306 4055 Corporate Drive—Grapevine, TX 5,573 2,400 12,377 — 1,638 — 2,400 14,015 16,415 2501-2575 Allan Drive—Elk Grove, IL — 4,300 10,926 — 717 — 4,300 11,643 15,943 2601-2651 Allan Drive—Elk Grove, IL — 2,600 7,726 — 232 — 2,600 7,958 10,558 1300 Michael Drive—Wood Dale, IL — 1,900 6,770 — 385 — 1,900 7,155 9,055 1350 Michael Drive—Wood Dale, IL — 1,500 5,059 — 296 — 1,500 5,355 6,855 1225 Michael Drive—Wood Dale, IL — 2,600 7,149 — 172 — 2,600 7,321 9,921 200 Lewis Drive—Wood Dale, IL — 1,100 4,165 — 71 — 1,100 4,236 5,336 1301-1365 Mittel Boulevard—Chicago, IL — 2,700 5,473 — 141 — 2,700 5,614 8,314 Tampa Distribution Center- Tampa, FL — 3,507 22,485 — 73 — 3,507 22,558 26,065 Aurora Distribution Center- Aurora, IL 13,156 9,861 14,646 — — — 9,861 14,646 24,507 28150 West Harrison Parkway- Valencia, CA — 2,760 8,899 — 288 — 2,760 9,187 11,947 28145 West Harrison Parkway- Valencia, CA — 3,468 10,111 — 11 — 3,468 10,122 13,590 28904 Avenue Paine- Valencia, CA — 3,812 10,535 — 411 — 3,812 10,946 14,758 25045 Avenue Tibbitts- Santa Clarita, CA — 4,087 13,224 — 1,080 — 4,087 14,304 18,391 6000 Giant Road- Richmond, CA — 11,572 26,556 — 31 — 11,572 26,587 38,159 6015 Giant Road- Richmond, CA — 10,468 24,127 — (1,004) — 10,468 23,123 33,591 6025 Giant Road- Richmond, CA — 2,700 4,167 — 497 — 2,700 4,664 7,364 Mason Mill Distribution Center—Buford, GA 17,500 3,406 23,312 — (123) — 3,406 23,189 26,595 Fremont Distribution Center - Fremont, CA — 29,427 7,024 — 1,814 — 29,427 8,838 38,265 3324 Trinity Boulevard - Grand Prairie, TX — 3,215 11,255 — (13) — 3,215 11,242 14,457 Taunton Distribution Center - Taunton, MA — 2,000 21,589 — 220 — 2,000 21,809 23,809 Chandler Distribution Center - Chandler, AZ — 3,803 24,095 — 272 — 3,803 24,367 28,170 Fort Worth Distribution Center--Fort Worth, TX — 3,059 21,053 — 1,296 — 3,059 22,349 25,408 4993 Anson Boulevard--Whitestown, IN 17,000 2,197 20,224 — (59) — 2,197 20,165 22,362 5102 E 500 South--Whitestown, IN 17,000 3,460 28,049 — (80) — 3,460 27,969 31,429 Louisville Distribution Center—Shepherdsville, KY 52,250 9,028 66,792 — 4,161 — 9,028 70,953 79,981 6511 West Frye Road—Chandler, AZ 12,250 2,102 15,511 — 1,654 — 2,102 17,165 19,267 6565 West Frye Road—Chandler, AZ 12,250 2,451 18,807 — — — 2,451 18,807 21,258 6615 West Frye Road—Chandler, AZ 12,250 2,799 18,030 — — — 2,799 18,030 20,829 Col. A Col. B Col. C Col. D Col. E Description Encumbrances Initial Cost Costs Capitalized Gross Amounts at which Total Land Building Land Building Carrying Land Building 6677 West Frye Road—Chandler, AZ 12,250 2,451 18,662 — 37 — 2,451 18,699 21,150 5 National Way—Durham, NC — 6,846 21,233 — 592 — 6,846 21,825 28,671 47 National Way—Durham, NC — 6,840 20,401 — 2,104 — 6,840 22,505 29,345 South San Diego Distribution Center—San Diego, CA 72,500 18,496 123,682 — 3,703 — 18,496 127,385 145,881 2451 Bath Road—Elgin, IL — 4,247 26,182 — (63) — 4,247 26,119 30,366 1755 Britannia Drive—Elgin, IL — 1,046 10,522 — 700 — 1,046 11,222 12,268 687 Conestoga Parkway—Shepardsville, KY — 2,462 33,393 — 447 — 2,462 33,840 36,302 Louisville Airport Distribution Center(2)—Louisville, KY — 2,843 26,812 — (1) — 2,843 26,811 29,654 Friendship Distribution Center-Buford, GA 40,000 7,082 80,654 — 4 — 7,082 80,658 87,740 13500 Danielson Street-Poway, CA 10,990 7,624 11,503 — 54 — 7,624 11,557 19,181 237 Via Vera Cruz-San Marcos, CA 11,880 5,421 8,581 — 54 — 5,421 8,635 14,056 4211 Starboard-Fremont, CA 20,612 13,409 13,872 — 146 — 13,409 14,018 27,427 2840 Loker Avenue-Carlsbad, CA 14,316 7,631 16,030 — 245 — 7,631 16,275 23,906 15890 Bernardo Center Drive-San Diego, CA 8,702 2,316 11,715 — 47 — 2,316 11,762 14,078 NE Atlanta DC-Jefferson, GA — 7,587 42,725 — — — 7,587 42,725 50,312 6635 West Frye Road-Chandler, AZ — 2,960 24,950 — — — 2,960 24,950 27,910 6575 West Frye Road-Chandler, AZ — 3,971 29,415 — — — 3,971 29,415 33,386 West Phoenix Distribution Center-Glendale, AZ — 28,914 95,012 — — — 28,914 95,012 123,926 Puget Sound Distribution Center-Lacey, WA — 3,898 17,470 — — — 3,898 17,470 21,368 Total Industrial Properties 371,743 295,818 1,189,191 (293) 25,966 — 295,525 1,215,153 1,510,678 Office Properties: Monument IV at Worldgate—Herndon, VA — 5,186 57,013 — 19,657 — 5,186 76,670 81,856 140 Park Avenue—Florham Park, NJ — 3,162 34,784 — (4) — 3,162 34,780 37,942 San Juan Medical Center- San Juan Capistrano, CA 16,730 9,807 13,303 — 1,208 — 9,807 14,511 24,318 Genesee Plaza - San Deigo, CA 38,306 8,222 73,964 — 1,264 — 8,222 75,228 83,450 Fountainhead Corporate Park--Tempe, AZ — 5,942 36,301 — 6,555 — 5,942 42,856 48,798 170 Park Avenue-Florham Park, NJ — 4,612 38,337 — 3 — 4,612 38,340 42,952 South Reno Medical Center-Reno, NV — 1,029 9,882 — (104) — 1,029 9,778 10,807 North Tampa Surgery Center-Odessa, FL — 1,227 5,069 — (4) — 1,227 5,065 6,292 1203 SW 7 Highway-Blue Springs, MO — 171 2,355 — 10 — 171 2,365 2,536 8600 NE 82nd Street-Kansas City, MO — 143 3,519 — 12 — 143 3,531 3,674 Sugar Land Medical Office-Sugar Land, TX — 2,449 9,943 — (86) — 2,449 9,857 12,306 Roeland Park Medical Office-Roeland Park, KS — 1,057 8,182 — 5 — 1,057 8,187 9,244 Durham Medical Center-Durham, NC — 974 29,575 — 26 — 974 29,601 30,575 9101 Stony Point Drive(2)--Richmond, VA — 3,980 37,939 — 15 — 3,980 37,954 41,934 Col. A Col. B Col. C Col. D Col. E Description Encumbrances Initial Cost Costs Capitalized Gross Amounts at which Total Land Building Land Building Carrying Land Building Cedar Medical Center at Flagstaff-Flagstaff, AZ — 1,735 12,814 — — — 1,735 12,814 14,549 North Boston Medical Center-Haverhill, MA — 2,004 16,253 — — — 2,004 16,253 18,257 North Charlotte Medical Center-Denver, NC — 2,462 8,562 — — — 2,462 8,562 11,024 Grand Rapids Medical Center-Wyoming, MI — 1,031 5,941 — — — 1,031 5,941 6,972 Glendale Medical Center-Los Angeles, CA — 2,782 13,074 — — — 2,782 13,074 15,856 6300 Dumbarton Circle-Fremont, CA — 5,804 15,359 — — — 5,804 15,359 21,163 6500 Kaiser Drive-Fremont, CA — 11,542 25,535 — — — 11,542 25,535 37,077 Greater Sacramento Medical Center-Rancho Cordova, CA — 1,105 8,770 — — — 1,105 8,770 9,875 Total Office Properties 55,036 76,426 466,474 — 28,557 — 76,426 495,030 571,456 Residential Properties: Townlake of Coppell—Coppell, TX 36,030 8,444 36,805 — 2,432 — 8,444 39,237 47,682 AQ Rittenhouse—Philadelphia, PA 26,370 11,000 39,963 — 60 — 11,000 40,023 51,023 Lane Park Apartments—Mountain Brook, AL 37,000 5,100 66,428 — 1,502 — 5,100 67,930 73,030 Dylan Point Loma—San Diego, CA 39,598 19,000 70,860 — (353) — 19,000 70,507 89,507 The Penfield—St. Paul, MN 35,500 8,021 52,713 — 1,033 — 8,021 53,746 61,767 180 North Jefferson—Chicago, IL 45,000 18,588 75,435 — 9,702 — 18,588 85,137 103,725 Jory Trail at the Grove—Wilsonville, OR 41,954 7,877 64,369 — 4,548 — 7,877 68,917 76,794 The Reserve at Johns Creek Walk—Johns Creek, GA 26,000 7,552 38,025 — 1,212 — 7,552 39,237 46,789 Villas at Legacy—Plano, TX 29,500 6,888 48,504 — 4,294 — 6,888 52,798 59,686 Stonemeadow Farms - Bothell, WA 43,865 14,000 65,535 — 2,850 — 14,000 68,385 82,385 Summit at San Marcos - Chandler, AZ 35,900 6,401 63,335 — 195 — 6,401 63,530 69,931 Presley Uptown - Charlotte, NC 30,000 7,390 46,479 12 1,045 — 7,402 47,524 54,926 Princeton North Andover-North Andover, MA 39,900 8,140 75,403 (639) 279 — 7,501 75,682 83,183 The Preserve at the Meadows (2)-- Fort Collins, CO 32,400 9,656 86,125 (4,156) 103 — 5,500 86,228 91,728 The Rockwell (2)-- Berlin, MA 46,310 7,501 53,870 2,154 220 — 9,655 54,090 63,745 Miramont-Fort Collins, CO 27,128 9,217 63,156 (1,077) 157 — 8,140 63,313 71,453 Pinecone-Fort Collins, CO 24,895 8,558 49,005 659 425 — 9,217 49,430 58,647 Reserve at Venice-North Venice, FL 55,800 5,500 43,833 3,058 309 — 8,558 44,142 52,700 Woodside Trumbull-Trumbull, CT — 4,654 91,755 — (322) — 4,654 91,433 96,087 Jefferson Lake Howell-Casselberry, FL — 12,680 139,532 — — — 12,680 139,532 152,212 Oak Street Lofts-Tigard, OR — 5,325 75,260 — — — 5,325 75,260 80,585 Molly Brook on Belmont-North Haledon, NJ 54,650 8,893 60,049 — — — 8,893 60,049 68,942 Single-Family Rental Portfolio II — 18,911 75,410 — — — 18,911 75,410 94,321 Total Residential Properties 707,800 219,296 1,481,849 11 29,691 — 219,307 1,511,539 1,730,847 Retail Properties: Col. A Col. B Col. C Col. D Col. E Description Encumbrances Initial Cost Costs Capitalized Gross Amounts at which Total Land Building Land Building Carrying Land Building The District at Howell Mill—Atlanta, GA 28,036 10,000 56,040 — 7,524 — 10,000 63,564 73,564 Grand Lakes Marketplace—Katy, TX 23,900 5,215 34,770 — 87 — 5,215 34,857 40,072 Oak Grove Plaza—Sachse, TX — 4,434 18,869 (4,434) (19,040) — — (171) (171) Rancho Temecula Town Center—Temecula, CA 28,000 14,600 41,180 — 931 — 14,600 42,111 56,711 Skokie Commons—Skokie, IL 23,118 8,859 25,705 891 182 — 9,750 25,887 35,637 Whitestone Market—Austin, TX 25,750 7,000 39,868 — 622 — 7,000 40,490 47,490 Maui Mall—Maui, HI 35,492 44,257 39,454 (547) 10,953 — 43,710 50,407 94,117 Silverstone Marketplace—Scottsdale, AZ — 8,012 33,771 — 287 — 8,012 34,058 42,070 Kierland Village Center—Scottsdale, AZ — 7,037 26,693 — 394 — 7,037 27,087 34,124 Timberland Town Center—Beaverton, OR 19,739 6,083 33,826 — 534 — 6,083 34,360 40,443 Montecito Marketplace—Las Vegas, NV — 11,410 45,212 — 673 — 11,410 45,885 57,295 Milford Crossing-Milford, MA — 1,124 30,869 — (89) — 1,124 30,780 31,904 Patterson Place-Durham, NC — 855 12,169 — — — 855 12,169 13,024 Silverado Square-Las Vegas, NV — 4,293 16,273 — — — 4,293 16,273 20,566 Woodlawn Point Shopping Center-Marrietta, GA — 4,731 26,881 — — — 4,731 26,881 31,612 Total Retail Properties 184,035 137,910 481,580 (4,090) 3,058 — 133,820 484,638 618,457 Other Properties: South Beach Parking Garage—Miami, FL — — 21,467 — 680 — — 22,147 22,147 Total Other Properties — — 21,467 — 680 — — 22,147 22,147 Total Consolidated Properties: $ 1,318,614 $ 729,450 $ 3,640,561 $ (4,372) $ 87,952 $ — $ 725,078 $ 3,728,507 $ 4,453,585 The unaudited aggregate cost and accumulated depreciation for tax purposes was approximately $4,819,347 and $491,584, respectively. (1) Includes net provisions for impairment of real estate taken since acquisition of property. Col. A Col. F Col. G Col. H Col. I Description Accumulated Date of Date of Life on which depreciation in latest income statement is computed Industrial Properties: Kendall Distribution Center—Atlanta, GA (4,722) 2002 6/30/2005 50 years Suwanee Distribution Center—Suwanee, GA (5,268) 2012 6/28/2013 50 years Grand Prairie Distribution Center—Grand Prairie, TX (2,347) 1980 12/18/2013 40 years Charlotte Distribution Center—Charlotte, NC (3,325) 2013 1/22/2014 50 years 4050 Corporate Drive—Grapevine, TX (3,649) 1991 6/27/2014 40 years 4055 Corporate Drive—Grapevine, TX (2,918) 1996 4/15/2015 40 years 2501-2575 Allan Drive—Elk Grove, IL (2,171) 1996 4/15/2015 40 years 2601-2651 Allan Drive—Elk Grove, IL (1,450) 1985 9/30/2015 40 years 1300 Michael Drive—Wood Dale, IL (1,304) 1985 9/30/2015 40 years 1350 Michael Drive—Wood Dale, IL (1,023) 1985 9/30/2015 40 years 1225 Michael Drive—Wood Dale, IL (1,320) 1985 9/30/2015 40 years 200 Lewis Drive—Wood Dale, IL (833) 1985 9/30/2015 40 years 1301-1365 Mittel Boulevard—Chicago, IL (1,024) 1985 9/30/2015 40 years Tampa Distribution Center- Tampa, FL (3,826) 1985 9/30/2015 40 years Aurora Distribution Center- Aurora, IL (1,928) 2009 4/11/2016 40 years 28150 West Harrison Parkway- Valencia, CA (1,501) 2016 5/19/2016 50 years 28145 West Harrison Parkway- Valencia, CA (1,644) 1997 6/29/2016 40 years 28904 Avenue Paine- Valencia, CA (1,832) 1997 6/29/2016 40 years 25045 Avenue Tibbitts- Santa Clarita, CA (2,291) 1988 6/29/2016 40 years 6000 Giant Road- Richmond, CA (3,367) 1988 6/29/2016 40 years 6015 Giant Road- Richmond, CA (2,931) 2016 9/8/2016 50 years 6025 Giant Road- Richmond, CA (602) 2016 9/8/2016 50 years Mason Mill Distribution Center—Buford, GA (2,325) 2016 12/29/2016 50 years Fremont Distribution Center - Fremont, CA (1,219) 1991 3/29/2019 40 years 3324 Trinity Boulevard - Grand Prairie, TX (1,007) 2015 5/31/2019 40 years Taunton Distribution Center - Taunton, MA (1,573) 2016 8/23/2019 50 years Chandler Distribution Center - Chandler, AZ (1,541) 2016 12/5/2019 50 years Fort Worth Distribution Center--Fort Worth, TX (1,181) 2020 10/23/2020 50 years 4993 Anson Boulevard--Whitestown, IN (841) 2020 12/11/2020 50 years 5102 E 500 South--Whitestown, IN (1,166) 2020 12/11/2020 50 years Louisville Distribution Center—Shepherdsville, KY (3,306) 2020 1/21/2021 50 years 6511 West Frye Road—Chandler, AZ (743) 2019 2/23/2021 50 years 6565 West Frye Road—Chandler, AZ (690) 2019 2/23/2021 50 years 6615 West Frye Road—Chandler, AZ (661) 2019 2/23/2021 50 years 6677 West Frye Road—Chandler, AZ (686) 2019 2/23/2021 50 years 5 National Way—Durham, NC (531) 2020 9/28/2021 50 years 47 National Way—Durham, NC (510) 2020 9/28/2021 50 years South San Diego Distribution Center—San Diego, CA (3,482) 2020 10/28/2021 40 years Col. A Col. F Col. G Col. H Col. I Description Accumulated Date of Date of Life on which depreciation in latest income statement is computed 2451 Bath Road—Elgin, IL (609) 2020 11/16/2021 50 years 1755 Britannia Drive—Elgin, IL (319) 2020 11/16/2021 50 years 687 Conestoga Parkway—Shepardsville, KY (724) 2021 11/17/2021 50 years Louisville Airport Distribution Center(2)—Louisville, KY (804) 2020 6/24/2021 50 years Friendship Distribution Center-Buford, GA (1,882) 2020 10/20/2021 50 years 13500 Danielson Street-Poway, CA (433) 1997 7/2/2021 40 years 237 Via Vera Cruz-San Marcos, CA (331) 1987 7/2/2021 40 years 4211 Starboard-Fremont, CA (524) 1997 7/9/2021 40 years 2840 Loker Avenue-Carlsbad, CA (442) 1998 11/30/2021 40 years 15890 Bernardo Center Drive-San Diego, CA (318) 1991 11/30/2021 40 years NE Atlanta DC-Jefferson, GA (843) 2016 04/08/2022 40 years 6635 West Frye Road-Chandler, AZ (245) 2019 06/08/2022 50 years 6575 West Frye Road-Chandler, AZ (315) 2019 06/08/2022 50 years West Phoenix Distribution Center-Glendale, AZ (475) 2022 09/30/2022 50 years Puget Sound Distribution Center-Lacey, WA (87) 2021 10/06/2022 50 years Total Industrial Properties (81,089) Office Properties: Monument IV at Worldgate—Herndon, VA (35,832) 2001 8/27/2004 50 years 140 Park Avenue—Florham Park, NJ (4,869) 2015 12/21/2015 50 years San Juan Medical Center- San Juan Capistrano, CA (2,205) 2015 4/1/2016 50 years Genesee Plaza - San Deigo, CA (6,691) 1983 7/2/2019 40 years Fountainhead Corporate Park--Tempe, AZ (3,704) 1985 2/6/2020 40 years 170 Park Avenue-Florham Park, NJ (1,837) 1998 2/2/2021 40 years South Reno Medical Center-Reno, NV (245) 2004 12/28/2021 40 years North Tampa Surgery Center-Odessa, FL (127) 2021 10/8/2021 50 years 1203 SW 7 Highway-Blue Springs, MO (59) 2021 12/23/2021 40 years 8600 NE 82nd Street-Kansas City, MO (71) 2021 12/23/2021 50 years Sugar Land Medical Office-Sugar Land, TX (198) 2020 12/30/2021 50 years Roeland Park Medical Office-Roeland Park, KS (164) 2021 12/28/2021 50 years Durham Medical Center-Durham, NC (743) 2010 12/23/2021 40 years 9101 Stony Point Drive(2)--Richmond, VA (1,013) 2018 9/15/2021 50 years Cedar Medical Center at Flagstaff-Flagstaff, AZ (171) 2022 4/29/2022 50 years North Boston Medical Center-Haverhill, MA (163) 2017 6/28/2022 50 years North Charlotte Medical Center-Denver, NC (86) 2017 6/28/2022 50 years Grand Rapids Medical Center-Wyoming, MI (50) 2018 7/21/2022 50 years Glendale Medical Center-Los Angeles, CA (136) 2018 7/29/2022 50 years 6300 Dumbarton Circle-Fremont, CA (128) 1990 9/15/2022 40 years 6500 Kaiser Drive-Fremont, CA (213) 1990 9/15/2022 40 years Greater Sacramento Medical Center-Rancho Cordova, CA (55) 2012 9/16/2022 40 years Col. A Col. F Col. G Col. H Col. I Description Accumulated Date of Date of Life on which depreciation in latest income statement is computed Total Office Properties (58,760) Residential Properties: Townlake of Coppell—Coppell, TX (7,858) 1986 5/22/2015 40 years AQ Rittenhouse—Philadelphia, PA (6,031) 2015 7/30/2015 50 years Lane Park Apartments—Mountain Brook, AL (9,390) 2014 5/26/2016 50 years Dylan Point Loma—San Diego, CA (9,114) 2016 8/9/2016 50 years The Penfield—St. Paul, MN (7,098) 2013 9/22/2016 50 years 180 North Jefferson—Chicago, IL (14,672) 2004 12/1/2016 40 years Jory Trail at the Grove—Wilsonville, OR (9,419) 2012 7/14/2017 50 years The Reserve at Johns Creek Walk—Johns Creek, GA (5,498) 2007 7/28/2017 40 years Villas at Legacy—Plano, TX (7,567) 1999 6/6/2018 40 years Stonemeadow Farms - Bothell, WA (6,890) 1999 5/13/2019 40 years Summit at San Marcos - Chandler, AZ (5,509) 2018 7/31/2019 50 years Presley Uptown - Charlotte, NC (3,615) 2016 9/30/2019 50 years Princeton North Andover-North Andover, MA (2,197) 2019 5/3/2021 50 years The Preserve at the Meadows (2)-- Fort Collins, CO (1,939) 2001 8/23/2021 40 years The Rockwell (2)-- Berlin, MA (1,977) 2020 8/31/2021 50 years Miramont-Fort Collins, CO (2,331) 1995 9/29/2021 40 years Pinecone-Fort Collins, CO (1,680) 1993 9/29/2021 40 years Reserve at Venice-North Venice, FL (1,494) 2021 12/17/2021 50 years Woodside Trumbull-Trumbull, CT (1,999) 2021 12/21/2021 50 years Jefferson Lake Howell-Casselberry, FL (2,389) 2021 03/30/2022 50 years Oak Street Lofts-Tigard, OR (854) 2019 07/15/2022 50 years Molly Brook on Belmont-North Haledon, NJ (348) 2022 09/27/2022 50 years Single-Family Rental Portfolio II (343) Various Various 50 years Total Residential Properties (110,212) Retail Properties: The District at Howell Mill—Atlanta, GA (19,498) 2006 6/15/2007 50 years Grand Lakes Marketplace—Katy, TX (6,547) 2012 9/17/2013 50 years Oak Grove Plaza—Sachse, TX 169 2003 1/17/2014 40 years Rancho Temecula Town Center—Temecula, CA (9,545) 2007 6/16/2014 40 years Skokie Commons—Skokie, IL (4,045) 2015 5/15/2015 50 years Whitestone Market—Austin, TX (7,452) 2003 9/30/2015 40 years Maui Mall—Maui, HI (11,281) 1971 12/22/2015 40 years Silverstone Marketplace—Scottsdale, AZ (4,406) 2015 7/27/2016 50 years Kierland Village Center—Scottsdale, AZ (4,276) 2001 9/30/2016 40 years Col. A Col. F Col. G Col. H Col. I Description Accumulated Date of Date of Life on which depreciation in latest income statement is computed Timberland Town Center—Beaverton, OR (4,401) 2015 9/30/2016 50 years Montecito Marketplace—Las Vegas, NV (6,223) 2007 8/8/2017 50 years Milford Crossing-Milford, MA (1,784) 2017 1/29/2020 50 years Patterson Place-Durham, NC (177) 2010 5/31/2022 40 years Silverado Square-Las Vegas, NV (190) 2018 6/1/2022 50 years Woodlawn Point Shopping Center-Marrietta, GA (338) 1993 6/30/2022 40 years Total Retail Properties (79,994) Other Properties: South Beach Parking Garage—Miami, FL (5,161) 2001 1/28/2014 40 years Total Other Properties (5,161) Total Consolidated Properties: $ (335,216) Reconciliation of Real Estate Consolidated Properties 2022 2021 2020 Balance at beginning of year $ 3,608,923 $ 2,320,336 $ 2,200,514 Additions 885,330 1,372,562 161,947 Assets sold/ written off (40,668) (36,438) (5,817) Reclassed as held for sale — (47,537) (36,308) Balance at close of year $ 4,453,585 $ 3,608,923 $ 2,320,336 Reconciliation of Accumulated Depreciation Consolidated Properties 2022 2021 2020 Balance at beginning of year $ 259,362 $ 219,833 $ 176,236 Additions 85,007 49,966 49,134 Assets sold/ written off (9,153) (3,676) (2,118) Write-downs for impairment charges — (1,822) — Reclassed as held for sale — (4,939) (3,419) Balance at close of year $ 335,216 $ 259,362 $ 219,833 |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Consolidation, Policy | Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and the instructions to Form 10-K and include the accounts of our wholly owned subsidiaries, consolidated variable interest entities ("VIE") and the unconsolidated investments in real estate affiliates. We consider the authoritative guidance of accounting for investments in common stock, investments in real estate ventures, investors accounting for an investee when the investor has the majority of the voting interest but the minority partners have certain approval or veto rights, determining whether a general partner or general partners as a group controls a limited partnership or similar entity when the limited partners have certain rights, and the consolidation of VIEs in which we own less than a 100% interest. All significant intercompany balances and transactions have been eliminated in consolidation. Parenthetical disclosures are shown on our Consolidated Balance Sheets regarding the amounts of VIE assets and liabilities that are consolidated. As of December 31, 2022, our VIEs include The District at Howell Mill, Grand Lakes Marketplace, 237 Via Vera Cruz, 4211 Starboard Drive, 13500 Danielson Drive, 2840 Loker Ave, 15890 Bernardo Center Drive and Single-Family Rental Portfolio II due to the joint venture structures and our partners having limited participation rights and no kick-out rights. The creditors of our VIEs do not have general recourse to us. Noncontrolling interests represent the minority members’ proportionate share of the equity in our VIEs and our operating partnership. At acquisition, the assets, liabilities and noncontrolling interests were measured and recorded at the estimated fair value. Noncontrolling interests will increase for the minority members’ share of net income of these entities and contributions and decrease for the minority members’ share of net loss and distributions. As of December 31, 2022, noncontrolling interests represented the minority members’ proportionate share of the equity of the entities listed above as VIEs. Redeemable noncontrolling interests represent noncontrolling interests that are redeemable at the option of the holder or in circumstances out of our control and therefore are accounted for as temporary equity. The carrying amount of the redeemable noncontrolling interests is adjusted over time on an accretive basis to reflect the fair value at the time the noncontrolling interest becomes redeemable by the holder. Changes in the redemption value of redeemable noncontrolling interest are recorded as an allocation of retained earnings on our Consolidated Statements of Equity. During the year ended December 31, 2022, we recorded an allocation from noncontrolling interests to redeemable noncontrolling interests in the amount of $3,922. We have redeemable noncontrolling interest that related to Grand Lakes Marketplace, 237 Via Vera Cruz, 4211 Starboard Drive, 13500 Danielson Drive, 2840 Loker Ave, 15890 Bernardo Center Drive and Single-Family Rental Portfolio II as of December 31, 2022. As of December 31, 2022, $12,387 related to these third party joint ventures was included in Redeemable noncontrolling interests on our Consolidated Balance Sheet of which $2,880 is immediately puttable by the holder of the noncontrolling interest. Certain of our joint venture agreements include provisions whereby, at certain specified times, each party has the right to initiate a purchase or sale of its interest in the joint ventures at an agreed upon fair value. Under these provisions, we are not obligated to purchase the interest of its outside joint venture partners. The carrying amount of our noncontrolling interests reflected in equity are as follows as of December 31: 2022 2021 Interests in the partnership equity of the operating partnership $ 82,635 $ 60,019 Noncontrolling interest in consolidated joint ventures 4,028 7,786 Total noncontrolling interests reflected in equity $ 86,663 $ 67,805 |
Real Estate Held for Development and Sale, Policy [Policy Text Block] | Investments in Real Estate Real estate assets are stated at cost. Our real estate assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. A real estate asset is considered to be impaired when the estimated future undiscounted operating cash flow over the expected hold period is less than its carrying value in accordance with the authoritative guidance on accounting for the impairment or disposal of long-lived assets. To the extent impairment has occurred, the excess of the carrying value of the asset over its estimated fair value will be charged to operations. The valuation adjustments were calculated based on market conditions and assumptions made by management at the time the valuation adjustments were recorded, which may differ materially from actual results if market conditions or the underlying assumptions change in the future. If our strategy changes or if market conditions otherwise dictate a change in the holding period and an exit date, an impairment loss could be recognized and such loss could be material. When we have committed to a plan to sell a property that is available for immediate sale, have the necessary approvals and marketing in place, and believe that the sale of the property is probable the assets selected for disposal will be classified as held-for-sale and carried at the lower of their carrying values ( i.e ., cost less accumulated depreciation and any impairment loss recognized, where applicable) or estimated fair values less costs to sell. Carrying values are reassessed at each balance sheet date. Due to market fluctuation, actual proceeds realized on the ultimate sale of these properties may differ from estimates and such differences could be material. Depreciation and amortization cease once a property is classified as held-for-sale. For our consolidated properties we recorded no impairment charges for the years ended December 31, 2022 and 2020. We recorded $1,822 in impairment charges in 2021. |
Equity Method Investments | Investments in Unconsolidated Real Estate Affiliates and Real Estate Fund Investment We account for our investments in unconsolidated real estate affiliates using either the equity method or the fair value option. Under the equity method the cost of the investment is adjusted for our share of equity in net income or loss and reduced by distributions received and increased by contributions provided. Under the fair value option, the cost basis of the investment is increased for contributions made to the investment and adjusted for our share of changes in the fair value of the investment. Distributions received from investments in unconsolidated real estate affiliates under the fair value option are recorded as income from the unconsolidated affiliates. Distributions that are identified as returns of capital are recorded as a reduction to the cost basis of the investment, whereas distributions identified as capital gains or losses are recorded as realized gains or losses. |
Marketable Securities, Policy | Investment in Marketable Securities In accordance with our investment guidelines, investments in marketable securities consist of stock of publicly traded REITs. The net unrealized change in the fair value of our investments in marketable securities is recorded in earnings as part of net income in accordance with Accounting Standard Update ("ASU") 2016-1, Financial Statements - Overall (Subtopic 825-10) - Recognition and Measurement of Financial Assets and Financial Liabilities. |
Revenue Recognition, Deferred Revenue [Policy Text Block] | Rental Revenue Recognition Minimum rent revenues are recognized on a straight-line basis over the terms of the related leases. Straight-line rent revenue (representing rents recognized prior to being billed and collectible as provided by the terms of the leases) caused net increases to rent revenue of $8,110, $3,155 and $951 for the years ended December 31, 2022, 2021 and 2020, respectively. Also included, as an increase to rent revenue, for the years ended December 31, 2022, 2021 and 2020, are $3,455, $2,714 and $1,859, respectively, of net amortization related to above-and below-market in-place leases at properties acquired as provided by authoritative guidance on goodwill and intangible assets. Tenant recoveries are recognized as revenues in the period the applicable costs are incurred. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents We consider all highly-liquid investments purchased with original maturities of three months or less to be cash equivalents. We maintain a portion of our cash in bank deposit accounts, which, at times, may exceed the federally insured limits. No losses have been experienced related to such accounts. We believe our bank deposit accounts are held with quality financial institutions. |
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy | Restricted Cash Restricted cash includes amounts established pursuant to various agreements for loan escrow accounts, loan commitments and property sale proceeds. When we sell a property, we can elect to enter into a like-kind exchange pursuant to the applicable Internal Revenue Service guidance whereby the proceeds from the sale are placed in escrow with a qualified intermediary until a replacement property can be purchased. At December 31, 2022 and 2021, our restricted cash balance on our Consolidated Balance Sheet was primarily related to loan escrow amounts and subscriptions received in advance. |
Deferred Expenses | Deferred Expenses Deferred expenses consist of lease commissions. Lease commissions are capitalized and amortized over the term of the related lease as a component of depreciation and amortization expense. Accumulated amortization of deferred expenses at December 31, 2022 and 2021 was $10,113 and $8,436, respectively. |
Acquisitions | Acquisitions We use estimates of future cash flows and other valuation techniques to allocate the fair value of acquired property among land, building and other identifiable asset and liability intangibles. We value land based on comparable land sales specific to the applicable market. We record building values using an as-if-vacant methodology. We record above- and below-market in-place lease values for acquired properties based on the present value (using an interest rate which reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) our estimate of fair market lease rates for the corresponding in-place leases, measured over a period equal to the remaining non-cancelable term of the lease plus any below-market lease extension option periods. We amortize the capitalized above-market lease values as a reduction of minimum rents over the remaining non-cancelable terms of the respective leases. We amortize the capitalized below-market lease values as an increase to minimum rents over the term of the respective leases plus any below-market lease extension option terms. Should a tenant terminate its lease prior to the contractual expiration, the unamortized portion of the above-market and below-market in-place lease value is immediately charged to minimum rents. We measure the aggregate value of other intangible assets acquired based on the difference between (i) the property valued with existing in-place leases and (ii) the property valued as-if-vacant. Our estimates of value are made using methods similar to those used by independent appraisers, primarily discounted cash flow analyses. Factors considered by us in our analysis include an estimate of carrying costs during the hypothetical expected lease-up periods considering current market conditions at the date of acquisition, and costs to execute similar leases. We also consider information obtained about each property as a result of the pre-acquisition due diligence, marketing and leasing activities in estimating the fair value of the tangible and intangible assets acquired. In estimating carrying costs, we will include estimates of lost rentals during the expected lease-up periods, which is expected to primarily range from one to two years, depending on specific local market conditions, and costs to execute similar leases, including leasing commissions, legal and other related expenses to the extent that such costs are not already incurred in connection with a new lease origination as part of the transaction. The total amount of other intangible assets acquired is further allocated to in-place lease values and customer relationship intangible values based on our evaluation of the specific characteristics of each tenant’s lease and our overall relationship with that respective tenant. Characteristics considered by us in allocating these values include, among other factors, the nature and extent of our existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant’s credit quality and expectations of lease renewals (including those existing under the terms of the lease agreement). As of December 31, 2022 and 2021, we have allocated no value to customer relationship value. We amortize the value of in-place leases to expense over the weighted average lease term of the respective leases, which generally range from one Purchase price has been allocated to acquired intangible assets, which include acquired in-place lease intangibles, acquired above-market in-place lease intangibles and acquired ground lease intangibles, which are reported net of accumulated amortization of $123,725 and $102,842 at December 31, 2022 and 2021, respectively, on the accompanying Consolidated Balance Sheets. The acquired intangible liabilities represent acquired below-market in-place leases, which are reported net of accumulated amortization of $15,566 and $15,481 at December 31, 2022 and 2021, respectively, on the accompanying Consolidated Balance Sheets. Our amortizing intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. According to authoritative guidance, an amortizing intangible asset is considered to be impaired when the estimated future undiscounted operating cash flow is less than its carrying value. To the extent impairment has occurred, the excess of the carrying value of the amortizing intangible asset over its estimated fair value will be charged to operations. |
Income Tax, Policy [Policy Text Block] | Income Taxes We first elected to be taxed as a REIT under sections 856-860 of the Internal Revenue Code of 1986, as amended (the “Code”), for our taxable year ended December 31, 2004. To qualify as a REIT, we must meet a number of organizational and operational requirements, including requirements to distribute at least 90% of our REIT taxable income, determined without regard to the dividends paid deduction and excluding net capital gains, and to meet certain quarterly asset and annual income tests. It is our current intention to adhere to these requirements. As a REIT, we will generally not be subject to corporate-level federal income tax to the extent we distribute 100% of our taxable income to our stockholders. If we fail to qualify as a REIT in any taxable year, we will be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for four subsequent taxable years. Even if we qualify for taxation as a REIT, we may be subject to certain state and local taxes on our income, property or net worth, and to certain federal income and excise taxes. Earnings and profits, which determine the tax treatment of dividends to stockholders, differ from net income reported for financial reporting purposes due to differences for federal income tax reporting purposes in computing, among other things, estimated useful lives, depreciable basis of properties and permanent and timing differences on the inclusion or deductibility of elements of income and expense for such purposes. We evaluate uncertain tax positions in accordance with FASB ASC 740, Income Taxes |
Segment Reporting, Policy [Policy Text Block] | Business Segments Consistent with how we review and manage our properties, we align our internal operations along the five primary property types we are targeting for investments resulting in five operating segments: industrial, office, residential, retail and other properties. |
Assets and Liabilities Measured at Fair Value | Assets and Liabilities Measured at Fair Value The Financial Accounting Standards Board’s (“FASB”) guidance for fair value measurement and disclosure states that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering assumptions, authoritative guidance establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: • Level 1 —Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that we have access to at the measurement date. • Level 2 —Observable inputs, other than quoted prices included in level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs are those in markets for which there are few transactions, the prices are not current, little public information exists or instances where prices vary substantially over time or among brokered market makers. • Level 3 —Unobservable inputs for the asset or liability. Unobservable inputs are those inputs that reflect our own assumptions that market participants would use to price the asset or liability based on the best available information. The authoritative guidance requires the disclosure of the fair value of our financial instruments for which it is practicable to estimate that value. The guidance does not apply to all balance sheet items. Market information as available or present value techniques have been utilized to estimate the amounts required to be disclosed. Since such amounts are estimates, there can be no assurance that the disclosed value of any financial instrument could be realized by immediate settlement of the instrument. Our investments in marketable securities are valued using Level 1 inputs as the securities are publicly traded on major stock exchanges. Real estate fund investments accounted for under the fair value option are stated at the fair value of our ownership in the fund. The fair value is recorded based upon changes in the NAV of the limited partnership as determined from the financial statements of the real estate fund. During the years ended December 31, 2022 and 2021, we recorded an unrealized loss and unrealized gain in fair value classified within the Level 3 category of $6,734 and $57,924, respectively, which related to our investments in the NYC Retail Portfolio (as defined below) and the Single-Family Rental Portfolio I ( see Note 4-Unconsolidated Real Estate Affiliates and Fund Investments ). During the year ended December 31, 2022, we recorded an impairment charge in our unconsolidated investment in Pioneer Tower within the Level 3 category of $12,838 utilizing a capitalization rate of 6.0% and a discount rate of 7.5% to reflect our investment at its estimated fair value. We have estimated the fair value of our mortgage notes and other debt payable reflected in the accompanying Consolidated Balance Sheets at amounts that are based upon an interpretation of available market information and valuation methodologies (including discounted cash flow analysis with regard to fixed rate debt) for similar loans made to borrowers with similar credit ratings and for the same maturities. The fair value of our mortgage notes and other debt payable, including amounts included as held for sale, using level two inputs was approximately $139,690 lower and $3,794 higher than the aggregate carrying amounts at December 31, 2022 and 2021, respectively. Such fair value estimates are not necessarily indicative of the amounts that would be realized upon extinguishment of our mortgage notes and other debt payable. |
Derivatives, Policy [Policy Text Block] | Derivative Financial Instruments We record all derivatives on the Consolidated Balance Sheets at fair value in prepaid expenses and other assets or accounts payable and other accrued expenses. Changes in the fair value of our derivatives are recorded on our Consolidated Statements of Operations and Comprehensive Income, as a component of interest expense, as we have not designated our derivative instruments as hedges. Our objective in using interest rate derivatives is to manage our exposure to interest rate movements. To accomplish this objective, we use interest rate caps and swaps. As of December 31, 2022, we had the following outstanding interest rate derivatives related to managing our interest rate risk: Interest Rate Derivative Number of Instruments Notional Amount Interest Rate Swaps 4 $ 190,000 The fair value of our interest rate caps and swaps represent assets of $5,106 and liabilities of $2,580 at December 31, 2022 and 2021, respectively. |
Use of Estimates | Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions. These estimates and assumptions impact the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. For example, significant estimates and assumptions have been made with respect to useful lives of assets, recoverable amounts of receivables, fair value of derivatives and real estate assets, initial valuations and related amortization periods of deferred costs and intangibles, particularly with respect to property acquisitions. Actual results could differ from those estimates. |
New Accounting Pronouncements, Policy | Recent Issued Accounting Pronouncements In March 2020, the Financial Accounting Standards Board issued Accounting Standard Update ("ASU") No. 2020-04, Reference Rate Reform (Topic 848), which provides guidance containing practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. We will continue to evaluate the impact of the guidance and expect to adopt it over time as debt markets transition from LIBOR to alternative rates such as the Secured Overnight Funding Rate ("SOFR"). |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Schedule of fixed asset useful lives [Table Text Block] | Depreciation expense is computed using the straight-line method based upon the following estimated useful lives: Asset Category Estimated Useful Life Buildings and improvements 40-50 Years Tenant improvements Lesser of life of improvement or life of related lease Equipment and fixtures 2-10 Years Maintenance and repairs are charged to expense when incurred. Expenditures for significant betterments and improvements are capitalized. |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Future amortization related to amortizing acquired intangible assets and liabilities, including those classified as held for sale, as of December 31, 2022 is as follows: Acquired in-place leases Acquired above-market leases Below-market ground lease Acquired below-market leases 2023 $ 44,651 $ 1,804 $ 401 $ (6,173) 2024 36,712 1,590 401 (5,802) 2025 29,563 1,416 401 (5,342) 2026 25,632 1,388 15 (4,482) 2027 22,223 1,338 15 (3,732) Thereafter 82,643 6,107 215 (17,876) $ 241,424 $ 13,643 $ 1,448 $ (43,407) |
Schedule of Derivative Instruments [Table Text Block] | As of December 31, 2022, we had the following outstanding interest rate derivatives related to managing our interest rate risk: Interest Rate Derivative Number of Instruments Notional Amount Interest Rate Swaps 4 $ 190,000 |
Property (Tables)
Property (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | We allocated the purchase price for our 2022 acquisitions in accordance with authoritative guidance as follows: 2022 Acquisitions 2021 Acquisitions 2020 Acquisitions Land $ 131,475 $ 173,962 $ 15,782 Building and equipment 719,146 1,145,365 136,430 In-place lease intangible (acquired intangible assets) 90,377 135,278 35,345 Above-market lease intangible (acquired intangible assets) 2,023 9,568 2,947 Below-market lease intangible (acquired intangible liabilities) (18,013) (19,997) (2,317) $ 925,008 $ 1,444,176 $ 188,187 Amortization period for intangible assets and liabilities 6 months - 19 years 5 months - 19 years 5 months - 15 years |
Unconsolidated Real Estate Af_2
Unconsolidated Real Estate Affiliates (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Unconsolidated Real Estate Affiliates [Abstract] | |
Equity Method Investments [Table Text Block] | In addition to investments in consolidated properties, we may make investments in real estate which are classified as unconsolidated real estate affiliates under GAAP. The residential sector includes residential properties and single-family rental homes. Unconsolidated Real Estate Affiliates The following represent our unconsolidated real estate affiliates as of December 31, 2022 and December 31, 2021: Carrying Amount of Investment Property Property Type Location Acquisition Date December 31, 2022 December 31, 2021 Chicago Parking Garage Other Chicago, IL December 23, 2014 $ 13,449 $ 13,992 Pioneer Tower Office Portland, OR June 28, 2016 88,000 103,529 The Tremont Residential Burlington, MA July 19, 2018 21,211 21,345 The Huntington Residential Burlington, MA July 19, 2018 10,019 10,773 Siena Suwanee Town Center Residential Suwanee, GA December 15, 2020 30,449 30,685 Kingston at McLean Crossing Residential McLean, VA December 3, 2021 39,075 36,720 Total $ 202,203 $ 217,044 Summarized Combined Balance Sheets—Unconsolidated Real Estate Affiliates—Equity Method Investments (Unaudited) December 31, 2022 December 31, 2021 Net investments in real estate $ 399,107 $ 408,233 Acquired intangible assets, net 8,334 10,139 Other assets 14,661 8,433 Total assets $ 422,102 $ 426,805 Mortgage notes and other debt payable $ 180,278 $ 182,318 Acquired intangible liabilities, net 3,518 3,933 Other liabilities 1,733 2,266 Total liabilities 185,529 188,517 Members’ equity 236,573 238,288 Total liabilities and members' equity $ 422,102 $ 426,805 Company Investments in Unconsolidated Real Estate Affiliates—Equity Method Investments (Unaudited) December 31, 2022 December 31, 2021 Members’ equity $ 236,573 $ 238,288 Less: other members' equity (20,150) (19,858) Basis differential (14,220) (1,386) Investments in unconsolidated real estate affiliates $ 202,203 $ 217,044 Summarized Combined Statements of Operations—Unconsolidated Real Estate Affiliates—Equity Method Investments (Unaudited) Year Ended December 31, 2022 Year Ended December 31, 2021 Year Ended December 31, 2020 Total revenues $ 36,426 $ 24,862 $ 18,978 Total operating expenses 27,008 22,868 17,792 Operating income $ 9,418 $ 1,994 $ 1,186 Total other expenses (626) 4,586 2,894 Net income (loss) $ 10,044 $ (2,592) $ (1,708) Company Equity in Income of Unconsolidated Real Estate Affiliates—Equity Method Investments (Unaudited) Year Ended December 31, 2022 Year Ended December 31, 2021 Year Ended December 31, 2020 Net income (loss) of unconsolidated real estate affiliates $ 10,044 $ (2,592) $ (1,708) Other members’ share of net income (1,770) (186) (368) Impairment of investments in unconsolidated real estate affiliates (12,838) — (1,506) Company equity in (loss) of unconsolidated real estate affiliates $ (4,564) $ (2,778) $ (3,582) |
Fair Value Option, Disclosures [Table Text Block] | Summarized Combined Balance Sheets—NYC Retail Portfolio Investment and Single-Family Rental Portfolio I—Fair Value Option Investment (Unaudited) December 31, 2022 December 31, 2021 Investment in real estate venture $ 1,646,374 $ 1,666,923 Cash 21,703 19,650 Other assets 52,190 55,562 Total assets $ 1,720,267 $ 1,742,135 Total liabilities $ 834,237 $ 823,503 Partners' capital 886,030 918,632 Total liabilities and partners' capital $ 1,720,267 $ 1,742,135 Summarized Statement of Operations—NYC Retail Portfolio Investment and Single-Family Rental Portfolio I—Fair Value Option Investment (Unaudited) Year Ended December 31, 2022 Year Ended December 31, 2021 Year Ended December 31, 2020 Total revenue $ 86,688 $ 31,945 $ 2,261 Net investment income (loss) $ 23,128 $ 4,025 $ (28) Net change in unrealized (loss) gain on investment in real estate venture (34,620) 162,207 (57,323) Net (loss) income $ (11,492) $ 166,232 $ (57,351) |
Mortgage Notes Payable Table 1
Mortgage Notes Payable Table 1 - Schedule of Mortgages and Other Notes Payable (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Table 1 - Mortgages and Other Debt Payable [Abstract] | |
Schedule of Long-term Debt Instruments [Table Text Block] | Mortgage notes and other debt payable have various maturities through 2042 and consist of the following: Property Maturity/Extinguishment Date Fixed / Interest Amount payable as of December 31, 2022 December 31, 2021 Aurora Distribution Center June 1, 2023 Fixed 3.39 % $ 13,156 $ 13,441 180 N Jefferson July 1, 2023 Fixed 3.89 45,000 45,000 Grand Lakes Marketplace October 1, 2023 Fixed 4.20 23,900 23,900 Oak Grove Plaza (1) February 1, 2024 Fixed 4.17 — 8,915 Charlotte Distribution Center September 1, 2024 Fixed 3.66 9,117 9,341 Genesee Plaza January 1, 2025 Fixed 4.30 38,306 39,285 Jory Trail at the Grove February 1, 2025 Fixed 3.81 41,954 42,793 Skokie Commons June 1, 2025 Fixed 3.31 23,118 23,627 DFW Distribution Center June 1, 2025 Fixed 3.23 17,720 17,720 AQ Rittenhouse September 1, 2025 Fixed 3.65 26,370 26,370 Timberland Town Center October 1, 2025 Fixed 4.07 19,739 20,253 Whitestone Market December 1, 2025 Fixed 3.58 25,750 25,750 Miramont Apartments March 1, 2026 Fixed 3.87 27,128 27,629 Pinecone Apartments March 1, 2026 Fixed 3.87 24,895 25,355 Louisville Distribution Center May 1, 2026 Fixed 1.76 52,250 52,250 Maui Mall June 1, 2026 Fixed 3.64 35,492 36,322 Rancho Temecula Town Center July 1, 2026 Fixed 4.02 28,000 28,000 Dylan Point Loma September 1, 2026 Fixed 3.83 39,598 40,319 237 Via Vera Cruz September 1, 2026 Floating 5.79 11,880 11,880 4211 Starboard Drive September 1, 2026 Floating 5.79 20,612 20,612 13500 Danielson Street September 1, 2026 Floating 5.79 10,990 10,990 2840 Loker Ave September 1, 2026 Floating 5.79 14,316 14,316 15890 Bernardo Center September 1, 2026 Floating 5.79 8,702 8,702 Lane Parke Apartments November 1, 2026 Fixed 3.18 37,000 37,000 The District at Howell Mill March 1, 2027 Fixed 5.30 28,036 28,858 San Juan Medical Center October 1, 2027 Fixed 3.35 16,730 16,730 Whitestown Distribution Center February 10, 2028 Fixed 2.95 34,000 34,000 Townlake of Coppell April 10, 2028 Fixed 2.41 36,030 36,030 Southeast Phoenix Distribution Center June 1, 2028 Fixed 2.70 49,000 49,000 Princeton North Andover June 1, 2028 Floating 5.94 39,900 39,900 Friendship Distribution Center (2) March 1, 2029 Floating 6.05 40,000 — Stonemeadow Farms August 1, 2029 Fixed 3.62 43,865 44,722 Presley Uptown November 1, 2029 Fixed 3.25 30,000 30,000 Reserve at Johns Creek December 1, 2029 Fixed 3.58 26,000 26,000 Summit at San Marcos May 1, 2030 Fixed 3.28 35,900 35,900 Mason Mill Distribution Center October 1, 2030 Fixed 3.25 17,500 17,500 The Penfield October 1, 2030 Fixed 2.50 35,500 35,500 South San Diego Distribution Center January 1, 2031 Fixed 3.18 72,500 72,500 Villas at Legacy January 1, 2031 Fixed 2.53 29,500 29,500 The Preserve at the Meadows October 1, 2031 Fixed 2.57 32,400 32,400 The Rockwell October 1, 2031 Fixed 2.62 46,310 46,310 Reserve at Venice (3) March 1, 2032 Fixed 2.98 55,800 — Molly Brook on Belmont (4) August 1, 2042 Fixed 3.31 54,650 — Revolving line of credit April 28, 2025 Floating 5.81 225,000 300,000 Bridge loan (5) December 1, 2022 Floating 1.75 — 100,000 Term loans April 28, 2027 Fixed & Floating 3.40% - 5.76% 400,000 235,000 TOTAL $ 1,943,614 $ 1,819,620 Net debt discount on assumed debt and debt issuance costs (19,087) (1,956) MORTGAGE NOTES AND OTHER DEBT PAYABLE, NET $ 1,924,527 $ 1,817,664 ________ (1) On August 5, 2022, we repaid the mortgage note payable related to Oak Grove Plaza in the amount of $8,770. (2) On March 18, 2022, we entered into a $40,000 mortgage payable on Friendship Distribution Center. The mortgage note bears an interest rate equal to the Secured Overnight Financing Rate ("SOFR") plus 1.75% (6.05% at December 31, 2022) and matures on March 1, 2029. (3) On February 15, 2022, we entered into a $55,800 mortgage payable on Reserve at Venice. The mortgage note bears an interest of 2.98% and matures on March 1, 2032. (4) On September 27, 2022, we assumed a mortgage payable that was originated on August 1, 2022 on Molly Brook on Belmont. The mortgage bears an interest rate of 3.31% and matures on August 1, 2042. As of December 31, 2022, the balance of the loan was $54,650. (5) On April 28, 2022, the Bridge Loan was extinguished upon execution of the Credit Facility. |
Mortgage Notes Payable Table 2
Mortgage Notes Payable Table 2 - Schedule of Debt Premium / Discount (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Debt Instrument, Unamortized Discount (Premium), Net [Abstract] | |
Summary of Assumed Debt Premium / Discount [Table Text Block] | We have recognized a premium or discount on debt we assumed with the following property acquisitions, the remaining premium or discount is as follows as of December 31, 2022: Property Debt Premium Effective The District at Howell Mill $ (844) 6.34 % Timberland Town Center 280 3.34 Jory Trail at the Grove (54) 3.94 Genesee Plaza 670 4.30 Pinecone Apartments 1,202 2.33 Miramont Apartments 1,310 2.33 South San Diego Distribution Center 2,990 3.18 Molly Brook on Belmont (13,047) 5.90 Net debt premium on assumed debt $ (7,493) |
Table 3 - Summary of Aggregate
Table 3 - Summary of Aggregate Principa Pmts (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Other Disclosure [Abstract] | |
Aggregate principal payments of mortgage notes payable | Aggregate future principal payments of mortgage notes payable and other debt payable are as follows: Year Amount 2023 $ 90,732 2024 17,653 2025 418,473 2026 309,240 2027 447,860 Thereafter 659,656 Total $ 1,943,614 |
Common Stock Offering Cost Fees
Common Stock Offering Cost Fees (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Common Stock [Abstract] | |
Offering Cost Fees [Table Text Block] | Selling Commission (1) Dealer Manager Fee (2) Class A Shares up to 3.0% 0.85% Class M Shares — 0.30% Class A-I Shares up to 1.5% 0.30% Class M-I Shares — None Class D Shares (3) up to 1.0% None ________ (1) Selling commissions are paid on the date of sale of our common stock. (2) We accrue all future dealer manager fees up to the ten percent regulatory limitation as accrued offering costs on our Consolidated Balance Sheets on the date of sale of our common stock. For NAV calculation purposes, dealer manager fees are accrued daily, on a continuous basis equal to 1/365th of the stated fee. Each Class A, Class M and Class A-I share sold in a public offering will automatically convert into the number of Class M-I shares based on the then-current applicable NAV of each class on the date following the termination of the primary portion of such public offering in which we, with the assistance of the Dealer Manager, determine that total underwriting compensation paid with respect to such public offering equals 10% of the gross proceeds from the primary portion of such public offering. (3) Shares of Class D common stock are only being offered pursuant to a private offering. |
Common Stock Stock Transactions
Common Stock Stock Transactions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Stock Transactions [Abstract] | |
Stock Transactions [Table Text Block] | The stock transactions for each of our classes of common stock for the years ending December 31, 2022, 2021 and 2020 were as follows: Shares of Shares of Shares of Shares of Shares of Balance, December 31, 2019 88,007,721 39,036,770 11,153,567 22,589,599 4,957,915 Issuance of common stock 13,533,380 2,453,336 314,149 12,417,353 — Repurchase of shares (11,333,773) (5,009,716) (1,878,636) (3,150,763) — Stock based compensation — — — 16,000 — Share conversions (536,232) (868,234) 27,219 1,374,812 — Balance, December 31, 2020 89,671,096 35,612,156 9,616,299 33,247,001 4,957,915 Issuance of common stock 16,945,256 3,590,727 478,460 20,501,787 2,555,366 Repurchase of shares (6,327,886) (1,937,556) (738,450) (2,148,050) — Stock based compensation — — — 20,000 — Share conversions (250,104) (807,136) — 1,055,955 — Balance, December 31, 2021 100,038,362 36,458,191 9,356,309 52,676,693 7,513,281 Issuance of common stock 20,927,064 5,652,729 443,729 27,821,134 — Repurchase of shares (5,590,784) (767,360) (1,361,701) (5,110,944) (4,490,256) Stock based compensation — — — 26,781 — Share conversions (1,729,476) (15,173,300) (3,488,129) 20,389,745 — Balance, December 31, 2022 113,645,166 26,170,260 4,950,208 95,803,409 3,023,025 |
Schedule of Stock by Class [Table Text Block] | The stock issuances for our classes of shares, including those issued through our distribution reinvestment plan, for the years ending December 31, 2022, 2021 and 2020 were as follows: December 31, 2022 December 31, 2021 December 31, 2020 # of shares $ Amount # of shares $ Amount # of shares $ Amount Class A Shares 20,927,064 $ 308,318 16,945,256 $ 210,810 13,533,380 $ 164,020 Class M Shares 5,652,729 82,545 3,590,727 44,885 2,453,336 29,258 Class A-I Shares 443,729 6,578 478,460 6,077 314,149 3,736 Class M-I Shares 27,847,915 405,593 20,521,787 254,168 12,433,353 149,090 Class D Shares — — 2,555,366 30,000 — — Total $ 803,034 $ 545,940 $ 346,104 |
Tender Offer Results [Table Text Block] | Share Repurchase Plan Our share repurchase plan allows stockholders, subject to a one-year holding period, with certain exceptions, to request that we repurchase all or a portion of their shares of common stock on a daily basis at that day's NAV per share, limited to 5% of aggregate Company NAV per quarter. We honored 100% of redemption requests we received and have made repurchases according to our share repurchase plan as following: Year ending December 31, Shares of Shares of Shares of Shares of Shares of Total Dollar of Repurchases 2020 11,333,773 5,009,716 1,878,636 3,150,763 — $ 255,355 2021 6,327,886 1,937,556 738,450 2,148,050 — 135,246 2022 5,590,784 767,360 1,361,701 5,110,944 4,490,256 253,860 |
Common Stock Common Stock (Tabl
Common Stock Common Stock (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Schedule of Earnings Per Share [Line Items] | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Earnings Per Share (“EPS”) Basic per share amounts are based on the weighted average of shares outstanding of 229,552,710, 186,610,215 and 170,613,298 for the years ended December 31, 2022, 2021 and 2020, respectively. We have no dilutive or potentially dilutive securities. We compute net income per share for Class A, Class M, Class A-I, Class M-I, and Class D common stock using the two-class method. Our Advisor may earn a performance fee ( see Note 9-Related Party Transactions ) which may impact the net income of each class of common stock differently. The calculated performance component for the years ended December 31, 2022, 2021 and 2020, and the impact on each class of common stock, are shown below. In periods where no performance fee is recognized in our Consolidated Statements of Operations and Comprehensive Income, the net income per share will be the same for each class of common stock. Basic and diluted net income per share for each class of common stock is computed using the weighted-average number of common shares outstanding during the period for each class of common stock. We have not issued any dilutive or potentially dilutive securities, and thus the basic and diluted net income per share for a given class of common stock is the same for each period presented. The following table sets forth the computation of basic and diluted net income per share for each of our Class A, Class M, Class A-I, Class M-I, and Class D common stock: Year Ended December 31, 2022 Class A Class M Class A-I Class M-I Class D Basic and diluted net loss per share: Allocation of net loss before performance fee $ (16,766) $ (4,327) $ (1,039) $ (12,689) $ (761) Allocation of performance fee 2,642 1,240 356 2,170 330 Total $ (19,408) $ (5,567) $ (1,395) $ (14,859) $ (1,091) Weighted average number of common shares outstanding 108,161,922 27,911,145 6,708,638 81,854,681 4,916,324 Basic and diluted net loss per share: $ (0.18) $ (0.20) $ (0.21) $ (0.18) $ (0.22) Year Ended December 31, 2021 Class A Class M Class A-I Class M-I Class D Basic and diluted net income per share: Allocation of net income before performance fee $ 43,011 $ 16,231 $ 4,360 $ 18,960 $ 3,262 Allocation of performance fee 17,269 6,561 1,712 8,992 1,408 Total $ 25,742 $ 9,670 $ 2,648 $ 9,968 $ 1,854 Weighted average number of common shares outstanding 93,504,890 35,291,400 9,484,119 41,229,584 7,100,222 Basic and diluted net income per share: $ 0.28 $ 0.27 $ 0.28 $ 0.24 $ 0.26 Year Ended December 31, 2020 Class A Class M Class A-I Class M-I Class D Basic and diluted net loss per share: Allocation of net loss before performance fee $ (23,259) $ (9,465) $ (2,598) $ (7,405) $ (1,279) Allocation of performance fee — — — — — Total $ (23,259) $ (9,465) $ (2,598) $ (7,405) $ (1,279) Weighted average number of common shares outstanding 90,176,584 36,694,995 10,073,075 28,710,729 4,957,915 Basic and diluted net loss per share: $ (0.26) $ (0.26) $ (0.26) $ (0.26) $ (0.26) |
Common Stock Dividends Declared
Common Stock Dividends Declared (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Dividends Declared [Abstract] | |
Dividends Declared [Table Text Block] | Distributions Declared The distributions declared per share for each of our classes of common stock for the years ended December 31, 2022, 2021 and 2020 were as follows: Distributions Distributions Paid (1) Record Date Declared Class A Class M Class A-I Class M-I Class D 3/24/2022 $ 0.14000 $ 0.11467 $ 0.13095 $ 0.13100 $ 0.14000 $ 0.14000 6/23/2022 0.14000 0.11270 0.12951 0.13102 0.14000 0.14000 9/22/2022 0.14000 0.11240 0.12962 0.13082 0.14000 0.14000 12/22/2022 0.14000 0.11204 0.12966 0.13100 0.14000 0.14000 Total $ 0.56000 $ 0.45181 $ 0.51974 $ 0.52384 $ 0.56000 $ 0.56000 Distributions Distributions Paid (1) Record Date Declared Class A Class M Class A-I Class M-I Class D 3/24/2021 $ 0.13500 $ 0.11326 $ 0.12715 $ 0.12726 $ 0.13500 $ 0.13500 6/24/2021 0.13500 0.11294 0.12696 0.12710 0.13500 0.13500 9/24/2021 0.13500 0.11189 0.12666 0.12644 0.13500 0.13500 12/23/2021 0.13500 0.11092 0.12637 0.12675 0.13500 0.13500 Total $ 0.54000 $ 0.44901 $ 0.50714 $ 0.50755 $ 0.54000 $ 0.54000 Distributions Distributions Paid (1) Record Date Declared Class A Class M Class A-I Class M-I Class D 3/25/2020 $ 0.13500 $ 0.11211 $ 0.12649 $ 0.12681 $ 0.13500 $ 0.13500 6/24/2020 0.13500 0.11239 0.12683 0.12753 0.13500 0.13500 9/24/2020 0.13500 0.11282 0.12661 0.12632 0.13500 0.13500 12/23/2020 0.13500 0.11280 0.12719 0.12715 0.13500 0.13500 Total $ 0.54000 $ 0.45012 $ 0.50712 $ 0.50781 $ 0.54000 $ 0.54000 ________ (1) Distributions paid are net of dealer manager fees applicable to each share class. |
Rentals Under Operating Leases
Rentals Under Operating Leases Rentals Under Operating Leases (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Leases [Abstract] | |
Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity | We receive rental income from operating leases. The minimum future rentals from consolidated properties, excluding those classified as held for sale, based on operating leases in place at December 31, 2022 are as follows: Year Amount 2023 $ 248,339 2024 181,270 2025 155,686 2026 138,913 2027 112,196 Thereafter 447,196 Total $ 1,283,600 |
Segment Reporting (Tables)
Segment Reporting (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Consistent with how we review and manage our properties, the financial information summarized below is presented by operating segment and reconciled to income from operations for the years ended December 31, 2022, 2021 and 2020: Year Ended December 31, 2022 Industrial Office Residential Retail Other Total Assets $ 1,586,416 $ 640,066 $ 1,623,069 $ 612,640 $ 20,543 $ 4,482,734 Capital expenditures by segment $ 9,202 $ 4,536 $ 8,692 $ 5,014 $ 11 $ 27,455 Revenues: Rental revenue $ 106,020 $ 50,179 $ 115,259 $ 55,863 $ 310 $ 327,631 Other revenue 127 1,392 5,439 500 2,099 9,557 Total revenues $ 106,147 $ 51,571 $ 120,698 $ 56,363 $ 2,409 $ 337,188 Operating expenses: Real estate taxes $ 16,730 $ 4,927 $ 17,086 $ 6,177 $ 389 $ 45,309 Property operating 9,172 10,346 32,423 8,798 798 61,537 Total segment operating expenses $ 25,902 $ 15,273 $ 49,509 $ 14,975 $ 1,187 $ 106,846 Reconciliation to net income Property general and administrative 2,882 Advisor fees 50,333 Company level expenses 8,762 Depreciation and amortization 138,104 Total operating expenses $ 306,927 Other income and (expenses): Interest expense $ (99,284) Loss from unconsolidated real estate affiliates and fund investment (3,403) Investment income on marketable securities 1,505 Net realized loss upon sale of marketable securities (879) Net unrealized change in fair value of investment in marketable securities (9,570) Gain from disposition of property and extinguishment of debt, net 37,253 Total other income and (expenses) $ (74,378) Net loss $ (44,117) Reconciliation to total consolidated assets as of December 31, 2022 Assets per reportable segments (1) $ 4,482,734 Investment in unconsolidated real estate affiliates, real estate fund investment and corporate level assets 671,484 Total consolidated assets $ 5,154,218 Year Ended December 31, 2021 Industrial Office Residential Retail Other Total Assets $ 1,352,580 $ 479,306 $ 1,301,454 $ 564,565 $ 23,412 $ 3,721,317 Capital expenditures by segment $ 17,165 $ 4,284 $ 6,196 $ 3,212 $ 16 $ 30,873 Revenues: Rental revenue $ 71,719 $ 33,178 $ 74,378 $ 48,286 $ 379 $ 227,940 Other revenue 367 1,792 5,534 1,117 2,588 11,398 Total revenues $ 72,086 $ 34,970 $ 79,912 $ 49,403 $ 2,967 $ 239,338 Operating expenses: Real estate taxes $ 10,505 $ 3,394 $ 12,500 $ 5,979 $ 459 $ 32,837 Property operating 5,783 6,865 22,619 7,973 755 43,995 Total segment operating expenses $ 16,288 $ 10,259 $ 35,119 $ 13,952 $ 1,214 $ 76,832 Reconciliation to net income Property general and administrative 1,596 Advisor fees 65,667 Company level expenses 4,841 Provision for impairment of real estate 1,822 Depreciation and amortization 94,051 Total operating expenses $ 244,809 Other income and (expenses): Interest expense $ (48,230) Income from unconsolidated real estate affiliates and fund investments 67,333 Investment income on marketable securities 418 Net realized gain upon sale of marketable securities 247 Net unrealized change in fair value of investment in marketable securities 2,933 Income from disposition of property and extinguishment of debt 33,422 Total other income and (expenses) 56,123 Net income $ 50,652 Reconciliation to total consolidation assets as of December 31, 2021 Assets per reportable segments $ 3,721,317 Investment in unconsolidated real estate affiliates, real estate fund investment and corporate level assets 680,929 Total consolidated assets $ 4,402,246 ________ (1) Includes $39,326 of Industrial and Residential segment assets classified as held for sale as of December 31, 2021. Year Ended December 31, 2020 Industrial Office Residential Retail Other Total Capital expenditures by segment $ 4,673 $ 2,589 $ 4,346 $ 1,803 $ 119 $ 13,530 Revenues: Rental revenue $ 49,743 $ 27,239 $ 63,948 $ 45,417 $ 294 $ 186,641 Other income 323 1,313 3,474 572 1,298 6,980 Total revenues $ 50,066 $ 28,552 $ 67,422 $ 45,989 $ 1,592 $ 193,621 Operating expenses: Real estate taxes $ 8,218 $ 3,396 $ 11,476 $ 6,193 $ 382 $ 29,665 Property operating 4,121 5,938 19,643 7,583 714 37,999 Total segment operating expenses $ 12,339 $ 9,334 $ 31,119 $ 13,776 $ 1,096 $ 67,664 Reconciliation to net income Property general and administrative 4,318 Advisor fees 25,274 Company level expenses 2,936 Depreciation and amortization 75,603 Total operating expenses $ 175,795 Other income and (expenses): Interest expense $ (40,668) Loss from unconsolidated real estate affiliates and fund investments (19,451) Loss on disposition of property and extinguishment of debt (1,772) Total other income and (expenses) $ (61,891) Net loss $ (44,065) |
Equity Method Investments [Table Text Block] | In addition to investments in consolidated properties, we may make investments in real estate which are classified as unconsolidated real estate affiliates under GAAP. The residential sector includes residential properties and single-family rental homes. Unconsolidated Real Estate Affiliates The following represent our unconsolidated real estate affiliates as of December 31, 2022 and December 31, 2021: Carrying Amount of Investment Property Property Type Location Acquisition Date December 31, 2022 December 31, 2021 Chicago Parking Garage Other Chicago, IL December 23, 2014 $ 13,449 $ 13,992 Pioneer Tower Office Portland, OR June 28, 2016 88,000 103,529 The Tremont Residential Burlington, MA July 19, 2018 21,211 21,345 The Huntington Residential Burlington, MA July 19, 2018 10,019 10,773 Siena Suwanee Town Center Residential Suwanee, GA December 15, 2020 30,449 30,685 Kingston at McLean Crossing Residential McLean, VA December 3, 2021 39,075 36,720 Total $ 202,203 $ 217,044 Summarized Combined Balance Sheets—Unconsolidated Real Estate Affiliates—Equity Method Investments (Unaudited) December 31, 2022 December 31, 2021 Net investments in real estate $ 399,107 $ 408,233 Acquired intangible assets, net 8,334 10,139 Other assets 14,661 8,433 Total assets $ 422,102 $ 426,805 Mortgage notes and other debt payable $ 180,278 $ 182,318 Acquired intangible liabilities, net 3,518 3,933 Other liabilities 1,733 2,266 Total liabilities 185,529 188,517 Members’ equity 236,573 238,288 Total liabilities and members' equity $ 422,102 $ 426,805 Company Investments in Unconsolidated Real Estate Affiliates—Equity Method Investments (Unaudited) December 31, 2022 December 31, 2021 Members’ equity $ 236,573 $ 238,288 Less: other members' equity (20,150) (19,858) Basis differential (14,220) (1,386) Investments in unconsolidated real estate affiliates $ 202,203 $ 217,044 Summarized Combined Statements of Operations—Unconsolidated Real Estate Affiliates—Equity Method Investments (Unaudited) Year Ended December 31, 2022 Year Ended December 31, 2021 Year Ended December 31, 2020 Total revenues $ 36,426 $ 24,862 $ 18,978 Total operating expenses 27,008 22,868 17,792 Operating income $ 9,418 $ 1,994 $ 1,186 Total other expenses (626) 4,586 2,894 Net income (loss) $ 10,044 $ (2,592) $ (1,708) Company Equity in Income of Unconsolidated Real Estate Affiliates—Equity Method Investments (Unaudited) Year Ended December 31, 2022 Year Ended December 31, 2021 Year Ended December 31, 2020 Net income (loss) of unconsolidated real estate affiliates $ 10,044 $ (2,592) $ (1,708) Other members’ share of net income (1,770) (186) (368) Impairment of investments in unconsolidated real estate affiliates (12,838) — (1,506) Company equity in (loss) of unconsolidated real estate affiliates $ (4,564) $ (2,778) $ (3,582) |
Comprehensive Text Block List (
Comprehensive Text Block List (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text Block [Abstract] | |
Marketable Securities | The following is a summary of our investment in marketable securities held as of December 31, 2022 and December 31, 2021, which consisted entirely of stock of publicly traded REITs. December 31, 2022 December 31, 2021 Investment in marketable securities - cost $ 50,815 $ 40,273 Unrealized gains 716 3,161 Unrealized losses (7,349) (228) Net unrealized (loss) gain (6,633) 2,933 Investment in marketable securities - fair value $ 44,182 $ 43,206 |
Organization (Details)
Organization (Details) $ in Thousands | 12 Months Ended | |||
Mar. 03, 2015 USD ($) | Dec. 31, 2022 USD ($) Rate shares | Dec. 31, 2021 shares | Oct. 16, 2019 USD ($) | |
Organization (Textual) [Abstract] | ||||
common stock, authorized in offering of new shares | $ 3,000,000 | |||
Common Stock, Value, Outstanding | 4,695,400 | |||
Investment Owned, at Fair Value | 36,300 | |||
Proceeds from Issuance or Sale of Equity | $ 128,421 | |||
Sale of Stock, Percentage of Ownership after Transaction | Rate | 96.10% | |||
Organization (Additional Textual) [Abstract] | ||||
Incorporation date | May 28, 2004 | |||
Total number of stockholders | 24,496 | |||
Investment Owned, Balance, Shares | shares | 2,521,801 | |||
Other Ownership Interest | ||||
Organization (Textual) [Abstract] | ||||
Sale of Stock, Percentage of Ownership after Transaction | Rate | 3.90% | |||
DST Program [Member] | ||||
Organization (Textual) [Abstract] | ||||
Common Stock, Value, Outstanding | $ 759,194 | |||
common stock, value authorized during DST offering | $ 2,000,000 | |||
DST Gross Proceeds | $ 759,194 | |||
Consolidated Properties [Member] | ||||
Organization (Textual) [Abstract] | ||||
Number of properties owned | 135 | |||
Number of states | 26 | |||
Number of Single Family Rental Homes | 4,300 | |||
Class A Shares [Member] | ||||
Organization (Textual) [Abstract] | ||||
Common stock, shares outstanding | shares | 113,645,166 | 100,038,362 | ||
Class M Shares [Member] | ||||
Organization (Textual) [Abstract] | ||||
Common stock, shares outstanding | shares | 26,170,260 | 36,458,191 | ||
Class A-I Shares [Member] | ||||
Organization (Textual) [Abstract] | ||||
Common stock, shares outstanding | shares | 4,950,208 | 9,356,309 | ||
Class M-I Shares [Member] | ||||
Organization (Textual) [Abstract] | ||||
Common stock, shares outstanding | shares | 95,803,409 | 52,676,693 | ||
Class D Shares [Member] | ||||
Organization (Textual) [Abstract] | ||||
common stock, value authorized during private offering | $ 350,000 | |||
Common stock, shares outstanding | shares | 3,023,025 | 7,513,281 | ||
Second Public Offering [Member] | ||||
Organization (Textual) [Abstract] | ||||
Common Stock, Value, Outstanding | $ 825,192 | |||
Private Placement [Member] | ||||
Organization (Textual) [Abstract] | ||||
Common Stock, Value, Outstanding | $ 98,188 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Summary of Significant Accounting Policies (Textual) [Abstract] | |||
Asset Impairment Charges | $ 1,822 | ||
Straight Line Rent | $ 8,110 | 3,155 | $ 951 |
Amortization of above and below Market Leases | 3,455 | 2,714 | 1,859 |
Accumulated amortization of Deferred expenses | 10,113 | 8,436 | |
Finite-Lived Intangible Assets, Accumulated Amortization | 123,725 | 102,842 | |
Finite-Lived intangible liability, Accumulated Amortization | 15,566 | 15,481 | |
Unrealized Gain (Loss) on Investments | (6,734) | 57,924 | |
Redeemable Noncontrolling Interest, Equity, Other, Carrying Amount | 2,880 | ||
DerivativeAssetStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag | 5,106 | 2,580 | |
Noncontrolling interests | 86,663 | 67,805 | |
Additional Paid in Capital, Common Stock | 2,799,539 | 2,313,815 | |
Adjustment for Correction of Error | |||
Summary of Significant Accounting Policies (Textual) [Abstract] | |||
Noncontrolling interests | 96,781 | ||
Additional Paid in Capital, Common Stock | 2,284,839 | ||
Restatement Adjustment [Member] | |||
Summary of Significant Accounting Policies (Textual) [Abstract] | |||
Noncontrolling interests | (28,976) | ||
Additional Paid in Capital, Common Stock | 28,976 | ||
OP Units | |||
Summary of Significant Accounting Policies (Textual) [Abstract] | |||
Noncontrolling interests | 82,635 | 60,019 | |
REIT | |||
Summary of Significant Accounting Policies (Textual) [Abstract] | |||
Noncontrolling interests | 4,028 | 7,786 | |
Level two [Member] | |||
Summary of Significant Accounting Policies (Textual) [Abstract] | |||
Mortgage notes payable, fair value | 139,690 | $ 3,794 | |
In-Place Leases [Member] | |||
Summary of Significant Accounting Policies (Textual) [Abstract] | |||
Acquired In-Place Leases Next Twelve Months | 44,651 | ||
Acquired Above Market Leases Next Twelve Months | 1,804 | ||
Below Market Ground Lease Next Twelve Months | 401 | ||
Acquired Below Market Leases Next Twelve Months | (6,173) | ||
Acquired In-Place Leases Year Two | 36,712 | ||
Acquired Above Market Leases Year Two | 1,590 | ||
Below Market Ground Leases Year Two | 401 | ||
Acquired Below Market Leases Year Two | (5,802) | ||
Acquired In-Place Leases Year Three | 29,563 | ||
Acquired Above Market Leases Year Three | 1,416 | ||
Below Market Ground Leases Year Three | 401 | ||
Acquired Below Market Leases Year Three | (5,342) | ||
Acquired In-Place Leases Year Four | 25,632 | ||
Acquired Above Market Leases Year Four | 1,388 | ||
Below Market Ground Leases Year Four | 15 | ||
Acquired Below Market Leases Year Four | (4,482) | ||
Acquired In-Place Leases Year Five | 22,223 | ||
Acquired Above Market Leases Year Five | 1,338 | ||
Below Market Ground Leases Year Five | 15 | ||
Acquired Below Market Leases Year Five | (3,732) | ||
Acquired In-Place Leases After Year Five | 82,643 | ||
Acquired Above Market Leases After Year Five | 6,107 | ||
Below Market Ground Leases After Year Five | 215 | ||
Acquired Below Market Leases After Year Five | (17,876) | ||
Acquired In Place Leases | 241,424 | ||
Acquired Above Market Leases | 13,643 | ||
Below Market Ground Leases | 1,448 | ||
Acquired Below Market Leases | $ (43,407) | ||
In-Place Leases [Member] | Minimum [Member] | |||
Summary of Significant Accounting Policies (Textual) [Abstract] | |||
Finite-Lived Intangible Asset, Useful Life | 1 year | ||
In-Place Leases [Member] | Maximum [Member] | |||
Summary of Significant Accounting Policies (Textual) [Abstract] | |||
Finite-Lived Intangible Asset, Useful Life | 10 years | ||
Chicago Parking Garage [Member] | |||
Summary of Significant Accounting Policies (Textual) [Abstract] | |||
Other than Temporary Impairment Losses, Investments | $ 1,506 | ||
Pioneer Tower [Member] | |||
Summary of Significant Accounting Policies (Textual) [Abstract] | |||
Other than Temporary Impairment Losses, Investments | $ 12,838 | ||
Interest Rate Swap [Member] | |||
Summary of Significant Accounting Policies [Line Items] | |||
Derivative, Number of Instruments Held | 4 | ||
Derivative, Notional Amount | $ 190,000 |
Property Table 1 - Property Acq
Property Table 1 - Property Acquisitions (Details) $ in Thousands | Dec. 31, 2022 USD ($) | Nov. 09, 2022 USD ($) | Oct. 06, 2022 USD ($) ft² | Sep. 30, 2022 USD ($) ft² | Sep. 27, 2022 USD ($) | Sep. 16, 2022 USD ($) ft² | Sep. 15, 2022 USD ($) ft² | Jul. 29, 2022 USD ($) ft² | Jul. 21, 2022 USD ($) ft² | Jul. 15, 2022 USD ($) | Jun. 30, 2022 USD ($) ft² | Jun. 28, 2022 USD ($) ft² | Jun. 08, 2022 USD ($) ft² | Jun. 01, 2022 USD ($) ft² | May 31, 2022 USD ($) ft² | Apr. 29, 2022 USD ($) ft² | Apr. 08, 2022 USD ($) ft² | Mar. 30, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 30, 2021 USD ($) ft² | Dec. 28, 2021 USD ($) ft² | Dec. 23, 2021 USD ($) ft² | Dec. 21, 2021 USD ($) | Dec. 17, 2021 USD ($) | Nov. 30, 2021 USD ($) ft² | Nov. 17, 2021 USD ($) ft² | Nov. 16, 2021 USD ($) ft² | Oct. 28, 2021 USD ($) ft² | Oct. 20, 2021 USD ($) ft² | Oct. 07, 2021 USD ($) ft² | Sep. 29, 2021 USD ($) | Sep. 28, 2021 USD ($) ft² | Sep. 15, 2021 USD ($) ft² | Aug. 31, 2021 USD ($) | Aug. 23, 2021 USD ($) | Jul. 09, 2021 USD ($) ft² | Jul. 02, 2021 USD ($) ft² | Jun. 24, 2021 USD ($) ft² | May 03, 2021 USD ($) | Feb. 23, 2021 USD ($) ft² | Feb. 02, 2021 USD ($) ft² | Jan. 21, 2021 USD ($) ft² | Dec. 11, 2020 USD ($) ft² | Oct. 23, 2020 USD ($) ft² | Feb. 06, 2020 USD ($) ft² | Jan. 29, 2020 USD ($) ft² |
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | $ 1,943,614 | $ 1,819,620 | ||||||||||||||||||||||||||||||||||||||||||||
Long-term Debt | 1,943,614 | |||||||||||||||||||||||||||||||||||||||||||||
Apartment Properties [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 707,800 | |||||||||||||||||||||||||||||||||||||||||||||
Fremont Distribution Center [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Stonemeadow Farms [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 43,865 | 44,722 | ||||||||||||||||||||||||||||||||||||||||||||
3224 Trinity Boulevard [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Genesee Plaza1 [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 38,306 | 39,285 | ||||||||||||||||||||||||||||||||||||||||||||
Summit at San Marcos [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 35,900 | 35,900 | ||||||||||||||||||||||||||||||||||||||||||||
Taunton [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Presley Uptown [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 30,000 | 30,000 | ||||||||||||||||||||||||||||||||||||||||||||
Chandler Distribution [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
The Villas at Legacy [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 29,500 | 29,500 | ||||||||||||||||||||||||||||||||||||||||||||
Jory Trail at the Grove [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 41,954 | 42,793 | ||||||||||||||||||||||||||||||||||||||||||||
The Reserve at Johns Creek Walk [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 26,000 | 26,000 | ||||||||||||||||||||||||||||||||||||||||||||
Montecito Marketplace [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Mason Mill Distribution Center [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 17,500 | 17,500 | ||||||||||||||||||||||||||||||||||||||||||||
San Juan Medical Center [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 16,730 | 16,730 | ||||||||||||||||||||||||||||||||||||||||||||
Tampa Distribution Center [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Aurora Distribution Center [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 13,156 | 13,441 | ||||||||||||||||||||||||||||||||||||||||||||
Lane Parke Apartments [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 37,000 | 37,000 | ||||||||||||||||||||||||||||||||||||||||||||
Silverstone Marketplace [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Dylan Point Loma [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 39,598 | 40,319 | ||||||||||||||||||||||||||||||||||||||||||||
6000 Giant Road- Pinole Point Industrial Portfolio [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
6025 Giant Road- Pinole Point Industrial Portfolio [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
The Penfield [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 35,500 | 35,500 | ||||||||||||||||||||||||||||||||||||||||||||
Kierland Village [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Skokie Commons [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 23,118 | 23,627 | ||||||||||||||||||||||||||||||||||||||||||||
Townlake of Coppell [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 36,030 | 36,030 | ||||||||||||||||||||||||||||||||||||||||||||
AQ Rittenhouse [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 26,370 | 26,370 | ||||||||||||||||||||||||||||||||||||||||||||
140 Park Avenue [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Maui Mall [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 35,492 | 36,322 | ||||||||||||||||||||||||||||||||||||||||||||
Fountainhead Corporate Park [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Fountainhead Corporate Park [Member] | Office Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 61,500 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 295,000 | |||||||||||||||||||||||||||||||||||||||||||||
Fort Worth Distribution Center | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Fort Worth Distribution Center | Industrial Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 24,050 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 351,000 | |||||||||||||||||||||||||||||||||||||||||||||
4993 Anson Blvd Whitestown | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 17,000 | |||||||||||||||||||||||||||||||||||||||||||||
Milford Crossing | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Milford Crossing | Retail Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 42,100 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 159,000 | |||||||||||||||||||||||||||||||||||||||||||||
Whitestown | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 34,000 | 34,000 | ||||||||||||||||||||||||||||||||||||||||||||
Whitestown | Industrial Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 62,300 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 720,000 | |||||||||||||||||||||||||||||||||||||||||||||
Louisville Distribution Center | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 52,250 | 52,250 | ||||||||||||||||||||||||||||||||||||||||||||
Louisville Distribution Center | Industrial Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 95,000 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 1,040,000 | |||||||||||||||||||||||||||||||||||||||||||||
170 Park Ave | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
170 Park Ave | Office Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 46,600 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 147,000 | |||||||||||||||||||||||||||||||||||||||||||||
Southeast Phoenix Distribution Center | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 49,000 | 49,000 | ||||||||||||||||||||||||||||||||||||||||||||
Southeast Phoenix Distribution Center | Industrial Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 62,400 | $ 91,000 | ||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 245,000 | 474,000 | ||||||||||||||||||||||||||||||||||||||||||||
Princeton North Andover | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 39,900 | 39,900 | ||||||||||||||||||||||||||||||||||||||||||||
Princeton North Andover | Apartments Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 72,500 | |||||||||||||||||||||||||||||||||||||||||||||
Louisville Airport Distribution Center | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Louisville Airport Distribution Center | Industrial Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 32,100 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 284,000 | |||||||||||||||||||||||||||||||||||||||||||||
Bixby Industrial Portfolio | Industrial Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 41,100 | $ 32,000 | $ 36,640 | |||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 152,000 | 130,000 | 153,000 | |||||||||||||||||||||||||||||||||||||||||||
Preserve at the Meadows | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 32,400 | 32,400 | ||||||||||||||||||||||||||||||||||||||||||||
Preserve at the Meadows | Apartments Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 61,000 | |||||||||||||||||||||||||||||||||||||||||||||
The Rockwell | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 46,310 | 46,310 | ||||||||||||||||||||||||||||||||||||||||||||
The Rockwell | Apartments Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 84,000 | |||||||||||||||||||||||||||||||||||||||||||||
9101 Stony Point Drive | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
9101 Stony Point Drive | Office Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 52,000 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 87,000 | |||||||||||||||||||||||||||||||||||||||||||||
Patriot Park | Industrial Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 66,750 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 375,000 | |||||||||||||||||||||||||||||||||||||||||||||
Miramont Apartments | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 27,128 | 27,629 | ||||||||||||||||||||||||||||||||||||||||||||
Miramont Apartments | Apartments Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 57,400 | |||||||||||||||||||||||||||||||||||||||||||||
Pinecone Apartments | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 24,895 | 25,355 | ||||||||||||||||||||||||||||||||||||||||||||
Pinecone Apartments | Apartments Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 51,600 | |||||||||||||||||||||||||||||||||||||||||||||
North Tampa Surgery Center | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
North Tampa Surgery Center | Office Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 8,500 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 13,000 | |||||||||||||||||||||||||||||||||||||||||||||
Friendship Distribution Center | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 40,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
Friendship Distribution Center | Industrial Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 95,000 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 649,000 | |||||||||||||||||||||||||||||||||||||||||||||
South San Diego Distribution Center | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 72,500 | 72,500 | ||||||||||||||||||||||||||||||||||||||||||||
South San Diego Distribution Center | Industrial Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 158,500 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 665,000 | |||||||||||||||||||||||||||||||||||||||||||||
Elgin Distribution Center | Industrial Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 47,100 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 407,000 | |||||||||||||||||||||||||||||||||||||||||||||
South Louisville Distribution Center | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
South Louisville Distribution Center | Industrial Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 39,500 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 327,000 | |||||||||||||||||||||||||||||||||||||||||||||
The Reserve at Venice | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 55,800 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
The Reserve at Venice | Apartments Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 93,000 | |||||||||||||||||||||||||||||||||||||||||||||
Woodside Trumbull | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Woodside Trumbull | Apartments Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 98,000 | |||||||||||||||||||||||||||||||||||||||||||||
Durham Medical Office | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Durham Medical Office | Office Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 37,125 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 60,000 | |||||||||||||||||||||||||||||||||||||||||||||
Kansas City Medical Office - 1203 SW 7 Highway | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Kansas City Medical Office - 1203 SW 7 Highway | Office Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 3,400 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 10,000 | |||||||||||||||||||||||||||||||||||||||||||||
Kansas City Medical Office - 8600 NE 82nd Street | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Kansas City Medical Office - 8600 NE 82nd Street | Office Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 5,500 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 11,000 | |||||||||||||||||||||||||||||||||||||||||||||
South Reno Medical Center | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
South Reno Medical Center | Office Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 14,025 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 32,000 | |||||||||||||||||||||||||||||||||||||||||||||
Roeland Park Medical Center | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Roeland Park Medical Center | Office Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 13,300 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 30,000 | |||||||||||||||||||||||||||||||||||||||||||||
Sugar Land Medical Center | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Sugar Land Medical Center | Office Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 18,350 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 37,000 | |||||||||||||||||||||||||||||||||||||||||||||
Jefferson Lake Howell | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Jefferson Lake Howell | Apartments Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 154,100 | |||||||||||||||||||||||||||||||||||||||||||||
Northeast Atlanta Distribution Center | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Northeast Atlanta Distribution Center | Industrial Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 54,100 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 459,000 | |||||||||||||||||||||||||||||||||||||||||||||
Cedar Medical Center at Flagstaff | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Cedar Medical Center at Flagstaff | Office Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 17,200 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 26,000 | |||||||||||||||||||||||||||||||||||||||||||||
Patterson Place | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Patterson Place | Retail Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 14,500 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 25,000 | |||||||||||||||||||||||||||||||||||||||||||||
Silverado Square | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Silverado Square | Retail Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 24,400 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||
North Boston Medical Center | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
North Boston Medical Center | Office Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 22,500 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 30,000 | |||||||||||||||||||||||||||||||||||||||||||||
North Charlotte Medical Center | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
North Charlotte Medical Center | Office Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 12,500 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 25,000 | |||||||||||||||||||||||||||||||||||||||||||||
Woodlawn Point Shopping Center | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Woodlawn Point Shopping Center | Retail Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 35,000 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 98,000 | |||||||||||||||||||||||||||||||||||||||||||||
Grand Rapids Medical Center | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Grand Rapids Medical Center | Office Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 9,300 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 25,000 | |||||||||||||||||||||||||||||||||||||||||||||
Glendale Medical Center | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Glendale Medical Center | Office Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 18,200 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 20,000 | |||||||||||||||||||||||||||||||||||||||||||||
6300 Dumbarton Circle | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
6300 Dumbarton Circle | Office Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 38,000 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 44,000 | |||||||||||||||||||||||||||||||||||||||||||||
6500 Kaiser Drive | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
6500 Kaiser Drive | Office Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 42,500 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 88,000 | |||||||||||||||||||||||||||||||||||||||||||||
Greater Sacramento Medical Center | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Greater Sacramento Medical Center | Office Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 11,100 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 18,000 | |||||||||||||||||||||||||||||||||||||||||||||
Molly Brook on Belmont | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 54,650 | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||
Molly Brook on Belmont | Apartments Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 89,500 | |||||||||||||||||||||||||||||||||||||||||||||
West Phoenix Distribution Center | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
West Phoenix Distribution Center | Industrial Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 135,000 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 1,200,000 | |||||||||||||||||||||||||||||||||||||||||||||
Puget Sound Distribution Center | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
Puget Sound Distribution Center | Industrial Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 23,800 | |||||||||||||||||||||||||||||||||||||||||||||
Area of Real Estate Property | ft² | 142,000 | |||||||||||||||||||||||||||||||||||||||||||||
US SFR II | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | 0 | |||||||||||||||||||||||||||||||||||||||||||||
US SFR II | Single Family | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 99,600 | |||||||||||||||||||||||||||||||||||||||||||||
Oak Street Lofts | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable | $ 0 | |||||||||||||||||||||||||||||||||||||||||||||
Oak Street Lofts | Apartments Segment [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Transaction Costs | $ 81,500 |
Property Table 2 - Purchase Pri
Property Table 2 - Purchase Price Allocation, proforma (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Business Acquisition [Line Items] | |||
Land | $ 725,078 | $ 598,564 | |
Investment Building and Building Improvements | $ 3,728,507 | $ 3,010,359 | |
Weighted Average Number of Outstanding Shares Basic and Diluted | 229,552,710 | 186,610,215 | 170,613,298 |
Assets | $ 5,154,218 | $ 4,402,246 | |
4001 North Norfleet Road [Member] | |||
Business Acquisition [Line Items] | |||
Land | 3,530 | ||
Investment Building and Building Improvements | 35,349 | ||
Assets | $ 39,326 | ||
Minimum [Member] | |||
Business Acquisition [Line Items] | |||
Finite-Lived Intangible Assets, Remaining Amortization Period | 6 months | 5 months | 5 months |
Maximum [Member] | |||
Business Acquisition [Line Items] | |||
Finite-Lived Intangible Assets, Remaining Amortization Period | 19 years | 19 years | 15 years |
Property, Plant and Equipment, Other Types [Member] | |||
Business Acquisition [Line Items] | |||
Land | $ 131,475 | $ 173,962 | $ 15,782 |
Investment Building and Building Improvements | 719,146 | 1,145,365 | 136,430 |
Finite-Lived Intangible Asset, Acquired-in-Place Leases | 90,377 | 135,278 | 35,345 |
Finite-Lived Intangible Asset, Off-market Lease, Favorable, Gross | 2,023 | 9,568 | 2,947 |
Off-market Lease, Unfavorable | (18,013) | (19,997) | (2,317) |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | $ (925,008) | $ (1,444,176) | $ (188,187) |
Property Table 3 - Schedule of
Property Table 3 - Schedule of Impairment on Real Estate (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items] | |||
Asset Impairment Charges | $ 1,822 | ||
Impairment of Real Estate | $ 0 | 1,822 | $ 0 |
Property, Plant and Equipment, Other Types [Member] | |||
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | $ 925,008 | $ 1,444,176 | $ 188,187 |
Property Table 4 - Dispositions
Property Table 4 - Dispositions (Details) $ in Thousands | 12 Months Ended | |||||||
Dec. 01, 2022 USD ($) ft² | Jan. 24, 2022 USD ($) ft² | Jan. 06, 2022 USD ($) ft² | Jan. 08, 2021 USD ($) ft² | Mar. 29, 2020 USD ($) ft² | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Long-term Debt | $ 1,943,614 | |||||||
Gain (Loss) on Disposition of Property Plant Equipment | 37,253 | $ 33,422 | $ (1,772) | |||||
Gains (Losses) on Extinguishment of Debt | 37,253 | 33,422 | $ (1,772) | |||||
Land | 725,078 | 598,564 | ||||||
Investment Building and Building Improvements | 3,728,507 | 3,010,359 | ||||||
Assets | 5,154,218 | 4,402,246 | ||||||
TOTAL LIABILITIES | $ 2,959,071 | 2,558,130 | ||||||
South Seattle Distribution Center [Member] | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Area of Real Estate Property | ft² | 323,000 | |||||||
Proceeds from Sale of Real Estate | $ 72,600 | |||||||
Extinguishment of Debt, Amount | 17,841 | |||||||
Gains (Losses) on Sales of Investment Real Estate | $ 33,580 | |||||||
24823 Anza Drive- Valencia Industrial Portfolio [Member] | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Area of Real Estate Property | ft² | 31,000 | |||||||
Proceeds from Sale of Real Estate | $ 5,600 | |||||||
Gains (Losses) on Sales of Investment Real Estate | $ 1,724 | |||||||
4001 North Norfleet Road [Member] | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Area of Real Estate Property | ft² | 702,000 | |||||||
Proceeds from Sale of Real Estate | $ 60,375 | |||||||
Gains (Losses) on Sales of Investment Real Estate | $ 34,584 | |||||||
Land | 3,530 | |||||||
Investment Building and Building Improvements | 35,349 | |||||||
Other Assets | 447 | |||||||
Assets | 39,326 | |||||||
Other Liabilities | 271 | |||||||
TOTAL LIABILITIES | $ 271 | |||||||
The Edge at Lafayette [Member] | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Area of Real Estate Property | ft² | 207,000 | |||||||
Proceeds from Sale of Real Estate | $ 16,500 | |||||||
Gains (Losses) on Sales of Investment Real Estate | $ 13 | |||||||
Oak Grove Plaza [Member] | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Area of Real Estate Property | ft² | 120,000 | |||||||
Proceeds from Sale of Real Estate | $ 24,400 | |||||||
Gains (Losses) on Sales of Investment Real Estate | $ 3,492 |
Unconsolidated Real Estate Af_3
Unconsolidated Real Estate Affiliates (Details Textual) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2022 USD ($) ft² | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) ft² | Aug. 05, 2021 USD ($) Rate | Dec. 08, 2015 USD ($) | |
Schedule of Equity Method Investments [Line Items] | |||||
Notes Payable | $ 1,943,614 | $ 1,819,620 | |||
Equity Method Investments | 202,203 | 217,044 | |||
Proceeds from Equity Method Investment, Distribution | 18,669 | 11,860 | $ 4,043 | ||
Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures | 346,171 | 352,905 | |||
Unconsolidated Real Estate Affiliates (Textual) [Abstract] | |||||
Investment Owned, at Fair Value | 36,300 | ||||
Payments to Acquire Interest in Subsidiaries and Affiliates | 497 | 247,394 | $ 8,802 | ||
Long-term Debt | 1,943,614 | ||||
Unrealized Gain (Loss) on Investments | (6,734) | 57,924 | |||
GVI RH JV Investor LLC | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 47% | ||||
Madison NYC Core Retail Partners, L.P. [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 28% | ||||
Chicago Parking Garage [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Equity Method Investments | 13,449 | 13,992 | |||
Pioneer Tower [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Equity Method Investments | 88,000 | 103,529 | |||
The Tremont [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Equity Method Investments | 21,211 | 21,345 | |||
The Huntington [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Equity Method Investments | 10,019 | 10,773 | |||
NYC Retail Portfolio [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Real Estate Property Ownership Percentage | 14% | ||||
Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures | $ 75,417 | 84,874 | $ 85,600 | ||
Unconsolidated Real Estate Affiliates (Textual) [Abstract] | |||||
Area of unconsolidated real estate property sold | ft² | 74,000 | ||||
Area of Real Estate Property | ft² | 1,940,000 | ||||
Payments to Acquire Interest in Subsidiaries and Affiliates | 1,661 | ||||
Unrealized Gain (Loss) on Investments | $ (9,457) | (4,021) | |||
Madison NYC Core Retail Partners, L.P. [Member] | |||||
Unconsolidated Real Estate Affiliates (Textual) [Abstract] | |||||
Unrealized Gain (Loss) on Investments | (34,620) | 162,207 | $ (57,323) | ||
SFR Portfolio | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Proceeds from Equity Method Investment, Distribution | 7,895 | 4,145 | |||
Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures | 270,754 | 268,031 | $ 205,000 | ||
Unconsolidated Real Estate Affiliates (Textual) [Abstract] | |||||
Long-term Debt | $ 760,000 | ||||
Debt, Weighted Average Interest Rate | Rate | 2.10% | ||||
Unrealized Gain (Loss) on Investments | $ 2,723 | $ 61,945 |
Unconsolidated Real Estate Af_4
Unconsolidated Real Estate Affiliates (Details) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2022 USD ($) ft² | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | Dec. 31, 2019 USD ($) | Dec. 08, 2015 | |
Real Estate Properties [Line Items] | |||||
Cash and Cash Equivalents, at Carrying Value | $ 70,940 | $ 70,273 | $ 84,805 | ||
Equity Method Investments | 202,203 | 217,044 | |||
SUMMARIZED COMBINED BALANCE SHEETS-UNCONSOLIDATED REAL ESTATE AFFILIATES | |||||
Real Estate Investment Property, Net | 4,666,743 | 3,958,836 | |||
Acquired intangible assets, net | 256,515 | 216,227 | |||
Assets | 5,154,218 | 4,402,246 | |||
Notes Payable | 1,924,527 | 1,817,664 | |||
Acquired intangible liabilities, net | 43,407 | 31,022 | |||
TOTAL LIABILITIES | 2,959,071 | 2,558,130 | |||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 2,182,760 | 1,844,116 | 1,447,423 | $ 1,498,757 | |
Liabilities and Equity | 5,154,218 | 4,402,246 | |||
Investment Building and Building Improvements | (3,728,507) | (3,010,359) | |||
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract] | |||||
Revenues | 337,188 | 239,338 | 193,621 | ||
Operating Costs and Expenses | 306,927 | 244,809 | 175,795 | ||
Interest Expense | 99,284 | 48,230 | 40,668 | ||
Unrealized Gain (Loss) on Investments | (6,734) | 57,924 | |||
Net income (loss) | (44,117) | 50,652 | (44,065) | ||
Impairment of Real Estate | 0 | 1,822 | 0 | ||
Net income (loss) attributable to Jones Lang LaSalle Income Property Trust, Inc. | (42,551) | 49,121 | (44,006) | ||
NYC Retail Portfolio [Member] | |||||
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract] | |||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 49% | ||||
The Tremont [Member] | |||||
Real Estate Properties [Line Items] | |||||
Equity Method Investments | 21,211 | 21,345 | |||
NYC Retail Portfolio [Member] | |||||
Real Estate Properties [Line Items] | |||||
Investments, Fair Value Disclosure | 1,646,374 | 1,666,923 | |||
Cash and Cash Equivalents, at Carrying Value | 21,703 | 19,650 | |||
SUMMARIZED COMBINED BALANCE SHEETS-UNCONSOLIDATED REAL ESTATE AFFILIATES | |||||
Other Assets | 52,190 | 55,562 | |||
Assets | 1,720,267 | 1,742,135 | |||
TOTAL LIABILITIES | 834,237 | 823,503 | |||
Partners' Capital | 886,030 | 918,632 | |||
Liabilities and Equity | 1,720,267 | 1,742,135 | |||
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract] | |||||
Unrealized Gain (Loss) on Investments | $ (9,457) | (4,021) | |||
Area of Real Estate Property | ft² | 1,940,000 | ||||
Unconsolidated Real Estate Affiliates [Member] | |||||
SUMMARIZED COMBINED BALANCE SHEETS-UNCONSOLIDATED REAL ESTATE AFFILIATES | |||||
Real Estate Investment Property, Net | $ 399,107 | 408,233 | |||
Acquired intangible assets, net | 8,334 | 10,139 | |||
Other Assets | 14,661 | 8,433 | |||
Assets | 422,102 | 426,805 | |||
Notes Payable | 180,278 | 182,318 | |||
Acquired intangible liabilities, net | 3,518 | 3,933 | |||
Other Liabilities | 1,733 | 2,266 | |||
TOTAL LIABILITIES | 185,529 | 188,517 | |||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 236,573 | 238,288 | |||
Liabilities and Equity | 422,102 | 426,805 | |||
Proceeds from Other Equity | (20,150) | (19,858) | |||
Investment Building and Building Improvements | (14,220) | (1,386) | |||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 202,203 | 217,044 | |||
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract] | |||||
Revenues | 36,426 | 24,862 | 18,978 | ||
Operating Costs and Expenses | 27,008 | 22,868 | 17,792 | ||
Operating Income (Loss) | 9,418 | 1,994 | 1,186 | ||
Interest Expense | 626 | 4,586 | 2,894 | ||
Net income (loss) | (10,044) | 2,592 | 1,708 | ||
Noncontrolling Interest in Net Income (Loss) Other Noncontrolling Interests, Nonredeemable | (1,770) | (186) | (368) | ||
Impairment of Real Estate | (12,838) | 0 | (1,506) | ||
Net income (loss) attributable to Jones Lang LaSalle Income Property Trust, Inc. | 4,564 | 2,778 | 3,582 | ||
Madison NYC Core Retail Partners, L.P. [Member] | |||||
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract] | |||||
Revenues | 86,688 | 31,945 | 2,261 | ||
Net Investment Income | 23,128 | 4,025 | (28) | ||
Unrealized Gain (Loss) on Investments | (34,620) | 162,207 | (57,323) | ||
Net income (loss) | (11,492) | 166,232 | $ (57,351) | ||
The Huntington [Member] | |||||
Real Estate Properties [Line Items] | |||||
Equity Method Investments | 10,019 | 10,773 | |||
Chicago Parking Garage [Member] | |||||
Real Estate Properties [Line Items] | |||||
Equity Method Investments | 13,449 | 13,992 | |||
Siena Suwanee | |||||
Real Estate Properties [Line Items] | |||||
Equity Method Investments | 30,449 | 30,685 | |||
Kingston at McLean Crossing | |||||
Real Estate Properties [Line Items] | |||||
Equity Method Investments | 39,075 | 36,720 | |||
SFR Portfolio | |||||
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract] | |||||
Unrealized Gain (Loss) on Investments | 2,723 | 61,945 | |||
Equity Method Investment, Working Capital Fund | $ 909 | ||||
Equity Method Investment, Closing Costs | $ 343 |
Table 1 - Schedule of Mortgages
Table 1 - Schedule of Mortgages ... (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Aug. 05, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Summary of mortgage notes payable | |||
Total mortgage notes | $ 1,943,614 | $ 1,819,620 | |
Revolving Line of Credit | 300,000 | ||
Debt Issuance Costs, Net | (19,087) | (1,956) | |
Mortgage notes payable, net | 1,924,527 | 1,817,664 | |
Long-term Debt | 1,943,614 | ||
Term Loan | 235,000 | ||
Grand Prairie Distribution Center [Member] | |||
Summary of mortgage notes payable | |||
Total mortgage notes | $ 0 | ||
The Reserve at Johns Creek Walk [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Dec. 01, 2029 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.58% | ||
Total mortgage notes | $ 26,000 | 26,000 | |
Townlake of Coppell [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Apr. 10, 2028 | ||
Debt Instrument, Interest Rate, Stated Percentage | 2.41% | ||
Total mortgage notes | $ 36,030 | 36,030 | |
Suwanne Distribution Center [Member] | |||
Summary of mortgage notes payable | |||
Total mortgage notes | 0 | ||
140 Park Avenue [Member] | |||
Summary of mortgage notes payable | |||
Total mortgage notes | 0 | ||
Monument IV at Worldgate [Member] | |||
Summary of mortgage notes payable | |||
Total mortgage notes | $ 0 | ||
Aurora Distribution Center [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Jun. 01, 2023 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.39% | ||
Total mortgage notes | $ 13,156 | 13,441 | |
180 N Jefferson [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Jul. 01, 2023 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.89% | ||
Total mortgage notes | $ 45,000 | 45,000 | |
Grand Lakes Marketplace [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Oct. 01, 2023 | ||
Debt Instrument, Interest Rate, Stated Percentage | 4.20% | ||
Total mortgage notes | $ 23,900 | 23,900 | |
Oak Grove Plaza [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Feb. 01, 2024 | ||
Debt Instrument, Interest Rate, Stated Percentage | 4.17% | ||
Total mortgage notes | $ 0 | 8,915 | |
Repayments of Debt | $ 8,770 | ||
Charlotte Distribution Center [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Sep. 01, 2024 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.66% | ||
Total mortgage notes | $ 9,117 | 9,341 | |
Jory Trail at the Grove [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Feb. 01, 2025 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.81% | ||
Total mortgage notes | $ 41,954 | 42,793 | |
Skokie Commons [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Jun. 01, 2025 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.31% | ||
Total mortgage notes | $ 23,118 | 23,627 | |
DFW Distribution Center [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Jun. 01, 2025 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.23% | ||
Total mortgage notes | $ 17,720 | 17,720 | |
AQ Rittenhouse [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Sep. 01, 2025 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.65% | ||
Total mortgage notes | $ 26,370 | 26,370 | |
Timberland Town Center [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Oct. 01, 2025 | ||
Debt Instrument, Interest Rate, Stated Percentage | 4.07% | ||
Total mortgage notes | $ 19,739 | 20,253 | |
Maui Mall [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Jun. 01, 2026 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.64% | ||
Total mortgage notes | $ 35,492 | 36,322 | |
Rancho Temecula Town Center [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Jul. 01, 2026 | ||
Debt Instrument, Interest Rate, Stated Percentage | 4.02% | ||
Total mortgage notes | $ 28,000 | 28,000 | |
Dylan Point Loma [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Sep. 01, 2026 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.83% | ||
Total mortgage notes | $ 39,598 | 40,319 | |
Lane Parke Apartments [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Nov. 01, 2026 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.18% | ||
Total mortgage notes | $ 37,000 | 37,000 | |
The Penfield [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Oct. 01, 2030 | ||
Debt Instrument, Interest Rate, Stated Percentage | 2.50% | ||
Total mortgage notes | $ 35,500 | 35,500 | |
Genesee Plaza1 [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Jan. 01, 2025 | ||
Debt Instrument, Interest Rate, Stated Percentage | 4.30% | ||
Total mortgage notes | $ 38,306 | 39,285 | |
Stonemeadow Farms [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Aug. 01, 2029 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.62% | ||
Total mortgage notes | $ 43,865 | 44,722 | |
Presley Uptown [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Nov. 01, 2029 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.25% | ||
Total mortgage notes | $ 30,000 | 30,000 | |
The Villas at Legacy [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Jan. 01, 2031 | ||
Debt Instrument, Interest Rate, Stated Percentage | 2.53% | ||
Total mortgage notes | $ 29,500 | 29,500 | |
Summit at San Marcos [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | May 01, 2030 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.28% | ||
Total mortgage notes | $ 35,900 | 35,900 | |
Mason Mill Distribution Center [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Oct. 01, 2030 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.25% | ||
Total mortgage notes | $ 17,500 | 17,500 | |
San Juan Medical Center [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Oct. 01, 2027 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.35% | ||
Total mortgage notes | $ 16,730 | 16,730 | |
Whitestone Market | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Dec. 01, 2025 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.58% | ||
Total mortgage notes | $ 25,750 | 25,750 | |
Miramont Apartments | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Mar. 01, 2026 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.87% | ||
Total mortgage notes | $ 27,128 | 27,629 | |
Pinecone Apartments | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Mar. 01, 2026 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.87% | ||
Total mortgage notes | $ 24,895 | 25,355 | |
Louisville Distribution Center | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | May 01, 2026 | ||
Debt Instrument, Interest Rate, Stated Percentage | 1.76% | ||
Total mortgage notes | $ 52,250 | 52,250 | |
237 Via Vera Cruz | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Sep. 01, 2026 | ||
Debt Instrument, Interest Rate, Stated Percentage | 5.79% | ||
Total mortgage notes | $ 11,880 | 11,880 | |
4211 Starboard Drive | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Sep. 01, 2026 | ||
Debt Instrument, Interest Rate, Stated Percentage | 5.79% | ||
Total mortgage notes | $ 20,612 | 20,612 | |
13500 Danielson Street | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Sep. 01, 2026 | ||
Debt Instrument, Interest Rate, Stated Percentage | 5.79% | ||
Total mortgage notes | $ 10,990 | 10,990 | |
2840 Loker Ave | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Sep. 01, 2026 | ||
Debt Instrument, Interest Rate, Stated Percentage | 5.79% | ||
Total mortgage notes | $ 14,316 | 14,316 | |
15890 Bernardo Center | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Sep. 01, 2026 | ||
Debt Instrument, Interest Rate, Stated Percentage | 5.79% | ||
Total mortgage notes | $ 8,702 | 8,702 | |
The District at Howell Mill [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Mar. 01, 2027 | ||
Debt Instrument, Interest Rate, Stated Percentage | 5.30% | ||
Total mortgage notes | $ 28,036 | 28,858 | |
Whitestown | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Feb. 10, 2028 | ||
Debt Instrument, Interest Rate, Stated Percentage | 2.95% | ||
Total mortgage notes | $ 34,000 | 34,000 | |
Southeast Phoenix Distribution Center | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Jun. 01, 2028 | ||
Debt Instrument, Interest Rate, Stated Percentage | 2.70% | ||
Total mortgage notes | $ 49,000 | 49,000 | |
Princeton North Andover | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Jun. 01, 2028 | ||
Debt Instrument, Interest Rate, Stated Percentage | 5.94% | ||
Total mortgage notes | $ 39,900 | 39,900 | |
South San Diego Distribution Center | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Jan. 01, 2031 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.18% | ||
Total mortgage notes | $ 72,500 | 72,500 | |
Preserve at the Meadows | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Oct. 01, 2031 | ||
Debt Instrument, Interest Rate, Stated Percentage | 2.57% | ||
Total mortgage notes | $ 32,400 | 32,400 | |
The Rockwell | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Oct. 01, 2031 | ||
Debt Instrument, Interest Rate, Stated Percentage | 2.62% | ||
Total mortgage notes | $ 46,310 | 46,310 | |
Friendship Distribution Center | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Mar. 01, 2029 | ||
Debt Instrument, Interest Rate, Stated Percentage | 6.05% | ||
Total mortgage notes | $ 40,000 | 0 | |
The Reserve at Venice | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Mar. 01, 2032 | ||
Debt Instrument, Interest Rate, Stated Percentage | 2.98% | ||
Total mortgage notes | $ 55,800 | 0 | |
Molly Brook on Belmont | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Aug. 01, 2042 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.31% | ||
Total mortgage notes | $ 54,650 | 0 | |
Revolving Credit Facility [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Apr. 28, 2025 | ||
Debt Instrument, Interest Rate, Stated Percentage | 5.81% | ||
Revolving Line of Credit | 300,000 | ||
Term Loan [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Apr. 28, 2027 | ||
Debt Instrument, Interest Rate, Stated Percentage | 1.70% | ||
Term Loan | 235,000 | ||
Term Loan [Member] | Minimum [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Interest Rate, Stated Percentage | 3.40% | ||
Term Loan [Member] | Maximum [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Interest Rate, Stated Percentage | 5.76% | ||
Bridge Loan | |||
Summary of mortgage notes payable | |||
Debt Instrument, Maturity Date | Dec. 01, 2022 | ||
Debt Instrument, Interest Rate, Stated Percentage | 1.75% | ||
Bridge Loan | $ 0 | $ 100,000 | |
Term Loan [Member] | |||
Summary of mortgage notes payable | |||
Term Loan | $ 400,000 | ||
Term Loan [Member] | Minimum [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Basis Spread on Variable Rate | 1.25% | ||
Term Loan [Member] | Maximum [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Basis Spread on Variable Rate | 1.95% | ||
Revolving Credit Facility [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Interest Rate, Stated Percentage | 1.75% | ||
Revolving Line of Credit | $ 225,000 | ||
Revolving Credit Facility [Member] | Minimum [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Basis Spread on Variable Rate | 1.30% | ||
Revolving Credit Facility [Member] | Maximum [Member] | |||
Summary of mortgage notes payable | |||
Debt Instrument, Basis Spread on Variable Rate | 2% |
Mortgage Notes Payable Table _2
Mortgage Notes Payable Table 2 - Schedule of Debt Premium / Discount (Details) $ in Thousands | Dec. 31, 2022 USD ($) |
Summary of Assumed Debt Premium / Discount [Line Items] | |
Debt Instrument, Unamortized Discount (Premium), Net | $ (7,493) |
The District at Howell Mill [Member] | |
Summary of Assumed Debt Premium / Discount [Line Items] | |
Debt Instrument, Unamortized Discount (Premium), Net | $ (844) |
Debt Instrument, Interest Rate, Effective Percentage | 6.34% |
Jory Trail at the Grove [Member] | |
Summary of Assumed Debt Premium / Discount [Line Items] | |
Debt Instrument, Unamortized Discount (Premium), Net | $ (54) |
Debt Instrument, Interest Rate, Effective Percentage | 3.94% |
Genesee Plaza1 [Member] | |
Summary of Assumed Debt Premium / Discount [Line Items] | |
Debt Instrument, Unamortized Discount (Premium), Net | $ 670 |
Debt Instrument, Interest Rate, Effective Percentage | 4.30% |
Timberland Town Center [Member] | |
Summary of Assumed Debt Premium / Discount [Line Items] | |
Debt Instrument, Unamortized Discount (Premium), Net | $ 280 |
Debt Instrument, Interest Rate, Effective Percentage | 3.34% |
Pinecone Apartments | |
Summary of Assumed Debt Premium / Discount [Line Items] | |
Debt Instrument, Unamortized Discount (Premium), Net | $ 1,202 |
Debt Instrument, Interest Rate, Effective Percentage | 2.33% |
Miramont Apartments | |
Summary of Assumed Debt Premium / Discount [Line Items] | |
Debt Instrument, Unamortized Discount (Premium), Net | $ 1,310 |
Debt Instrument, Interest Rate, Effective Percentage | 2.33% |
South San Diego Distribution Center | |
Summary of Assumed Debt Premium / Discount [Line Items] | |
Debt Instrument, Unamortized Discount (Premium), Net | $ 2,990 |
Debt Instrument, Interest Rate, Effective Percentage | 3.18% |
Molly Brook on Belmont | |
Summary of Assumed Debt Premium / Discount [Line Items] | |
Debt Instrument, Unamortized Discount (Premium), Net | $ (13,047) |
Debt Instrument, Interest Rate, Effective Percentage | 5.90% |
Table 3 - Summary of Aggregat_2
Table 3 - Summary of Aggregate Princip... (Details) $ in Thousands | Dec. 31, 2022 USD ($) |
Aggregate principal payments of mortgage notes payable | |
2022 | $ 90,732 |
2023 | 17,653 |
2024 | 418,473 |
2025 | 309,240 |
2026 | 447,860 |
Thereafter | 659,656 |
Long-term Debt | $ 1,943,614 |
Mortgage Notes Payable Text Det
Mortgage Notes Payable Text Detail (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | May 26, 2017 | |
Debt Instrument [Line Items] | |||
Debt Instrument, Collateral Amount | $ 2,731,000 | $ 2,421,000 | |
Revolving Line of Credit, Maximum Borrowing Capacity | $ 600,000 | ||
Term Loan, Maximum Borrowing Capacity | 400,000 | ||
Term Loan | 235,000 | ||
Revolving Line of Credit | 300,000 | ||
Amortization of Debt Issuance Costs | $ 11,032 | 8,024 | |
Revolving Credit Facility [Member] | |||
Debt Instrument [Line Items] | |||
Line of Credit Facility, Maximum Borrowing Capacity | $ 1,000,000 | ||
Debt Instrument, Interest Rate, Stated Percentage | 1.75% | ||
Debt Instrument, Interest Rate During Period | 3.80% | ||
Revolving Line of Credit | $ 225,000 | ||
Revolving Credit Facility [Member] | Swap | |||
Debt Instrument [Line Items] | |||
Debt Instrument, Basis Spread on Variable Rate | 2.40% | ||
Revolving Credit Facility [Member] | Minimum [Member] | |||
Debt Instrument [Line Items] | |||
Debt Instrument, Basis Spread on Variable Rate | 1.30% | ||
Revolving Credit Facility [Member] | Maximum [Member] | |||
Debt Instrument [Line Items] | |||
Debt Instrument, Basis Spread on Variable Rate | 2% | ||
Term Loan [Member] | |||
Debt Instrument [Line Items] | |||
Term Loan | $ 400,000 | ||
Derivative, Fixed Interest Rate | 1.40% | ||
Term Loan [Member] | Minimum [Member] | |||
Debt Instrument [Line Items] | |||
Debt Instrument, Basis Spread on Variable Rate | 1.25% | ||
Term Loan [Member] | Maximum [Member] | |||
Debt Instrument [Line Items] | |||
Debt Instrument, Basis Spread on Variable Rate | 1.95% | ||
Bridge Loan | |||
Debt Instrument [Line Items] | |||
Bridge Loan | $ 100,000 | ||
Term Loan [Member] | |||
Debt Instrument [Line Items] | |||
Debt Instrument, Interest Rate, Stated Percentage | 1.70% | ||
Term Loan | 235,000 | ||
Term Loan [Member] | Minimum [Member] | |||
Debt Instrument [Line Items] | |||
Debt Instrument, Interest Rate, Stated Percentage | 3.40% | ||
Term Loan [Member] | Maximum [Member] | |||
Debt Instrument [Line Items] | |||
Debt Instrument, Interest Rate, Stated Percentage | 5.76% | ||
Revolving Credit Facility [Member] | |||
Debt Instrument [Line Items] | |||
Debt Instrument, Interest Rate, Stated Percentage | 5.81% | ||
Revolving Line of Credit | $ 300,000 |
Common Stock Fees (Details)
Common Stock Fees (Details) - shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Class of Stock [Line Items] | |||
Issuance of common stock (in shares) | 54,844,656 | 44,071,596 | 28,718,218 |
Stock Repurchased During Period, Shares | (17,321,045) | (11,151,942) | (21,372,888) |
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 26,781 | 20,000 | |
Conversion of Stock, Shares Issued | 2,435 | ||
Class A-I Shares [Member] | |||
Class of Stock [Line Items] | |||
Dealer Manager Fee | 0.30% | ||
Class M-I Shares [Member] | |||
Class of Stock [Line Items] | |||
Issuance of common stock (in shares) | 27,847,915 | ||
Dealer Manager Fee | 0% | ||
Class D Shares [Member] | |||
Class of Stock [Line Items] | |||
Dealer Manager Fee | 0% | ||
Common Stock [Member] | |||
Class of Stock [Line Items] | |||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 16,000 | ||
Conversion of Stock, Shares Issued | 1,160 | 1,285 | |
Common Stock [Member] | Class A Shares [Member] | |||
Class of Stock [Line Items] | |||
Issuance of common stock (in shares) | 20,927,064 | 16,945,256 | 13,533,380 |
Stock Repurchased During Period, Shares | (5,590,784) | (6,327,886) | (11,333,773) |
Dealer Manager Fee | 0.85% | ||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 0 | 0 | 0 |
Conversion of Stock, Shares Issued | (1,729,476) | (250,104) | (536,232) |
Common Stock [Member] | Class M Shares [Member] | |||
Class of Stock [Line Items] | |||
Issuance of common stock (in shares) | 5,652,729 | 3,590,727 | 2,453,336 |
Stock Repurchased During Period, Shares | (767,360) | (1,937,556) | (5,009,716) |
Dealer Manager Fee | 0.30% | ||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 0 | 0 | 0 |
Conversion of Stock, Shares Issued | (15,173,300) | (807,136) | (868,234) |
Common Stock [Member] | Class A-I Shares [Member] | |||
Class of Stock [Line Items] | |||
Issuance of common stock (in shares) | 443,729 | 478,460 | 314,149 |
Stock Repurchased During Period, Shares | (1,361,701) | (738,450) | (1,878,636) |
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 0 | 0 | 0 |
Conversion of Stock, Shares Issued | (3,488,129) | 0 | 27,219 |
Common Stock [Member] | Class M-I Shares [Member] | |||
Class of Stock [Line Items] | |||
Issuance of common stock (in shares) | 20,501,787 | 12,417,353 | |
Stock Repurchased During Period, Shares | (5,110,944) | (2,148,050) | (3,150,763) |
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 26,781 | 20,000 | 16,000 |
Conversion of Stock, Shares Issued | 20,389,745 | 1,055,955 | 1,374,812 |
Common Stock [Member] | Class D Shares [Member] | |||
Class of Stock [Line Items] | |||
Issuance of common stock (in shares) | 0 | 2,555,366 | 0 |
Stock Repurchased During Period, Shares | (4,490,256) | 0 | 0 |
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 0 | 0 | 0 |
Conversion of Stock, Shares Issued | 0 | 0 | 0 |
Common Stock (Details Textual)
Common Stock (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Class of Stock [Line Items] | |||
Stock Issued During Period, Shares, Dividend Reinvestment Plan | 5,151,317 | 4,726,012 | 5,653,314 |
Stock Issued During Period, Value, Dividend Reinvestment Plan | $ 75,552 | $ 59,133 | $ 66,990 |
Weighted Average Number of Outstanding Shares Basic and Diluted | 229,552,710 | 186,610,215 | 170,613,298 |
Reimbursement period for Organization and offering expenses made prior Offer Commencement date | 36 months | ||
Percentage of reimbursement of organization and offering expenses | 15% | ||
Reimbursement of organization and offering expenses | $ 2,113 | ||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 26,781 | 20,000 | |
Issuance of common stock (in shares) | 54,844,656 | 44,071,596 | 28,718,218 |
Stock Issued During Period, Value, New Issues | $ 802,638 | $ 545,702 | $ 345,912 |
Conversion of Stock, Shares Issued | 2,435 | ||
Partners' Capital Account, Unit-Based Payment Arrangement, Number of Units | 7,037,257 | ||
Stock Issued During Period, Value, Conversion of Units | $ 88,925 | ||
The Reserve at Johns Creek Walk [Member] | |||
Class of Stock [Line Items] | |||
Partners' Capital Account, Unit-Based Payment Arrangement, Number of Units | 2,575,832 | ||
Stock Issued During Period, Value, Conversion of Units | $ 38,200 | ||
Common Stock [Member] | |||
Class of Stock [Line Items] | |||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 16,000 | ||
Stock Issued During Period, Value, New Issues | $ 549 | $ 441 | $ 287 |
Conversion of Stock, Shares Issued | 1,160 | 1,285 | |
OP Units | |||
Class of Stock [Line Items] | |||
Stock Issued During Period, Shares, Dividend Reinvestment Plan | 1,624 | ||
Stock Issued During Period, Value, Dividend Reinvestment Plan | $ 22 | ||
Class A Shares [Member] | |||
Class of Stock [Line Items] | |||
Stock Issued During Period, Value, New Issues | $ 308,318 | $ 210,810 | $ 164,020 |
Class A Shares [Member] | Common Stock [Member] | |||
Class of Stock [Line Items] | |||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 0 | 0 | 0 |
Issuance of common stock (in shares) | 20,927,064 | 16,945,256 | 13,533,380 |
Conversion of Stock, Shares Issued | (1,729,476) | (250,104) | (536,232) |
Class M Shares [Member] | |||
Class of Stock [Line Items] | |||
Stock Issued During Period, Value, New Issues | $ 82,545 | $ 44,885 | $ 29,258 |
Class M Shares [Member] | Common Stock [Member] | |||
Class of Stock [Line Items] | |||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 0 | 0 | 0 |
Issuance of common stock (in shares) | 5,652,729 | 3,590,727 | 2,453,336 |
Conversion of Stock, Shares Issued | (15,173,300) | (807,136) | (868,234) |
Class A-I Shares [Member] | |||
Class of Stock [Line Items] | |||
Stock Issued During Period, Value, New Issues | $ 6,578 | $ 6,077 | $ 3,736 |
Class A-I Shares [Member] | Common Stock [Member] | |||
Class of Stock [Line Items] | |||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 0 | 0 | 0 |
Issuance of common stock (in shares) | 443,729 | 478,460 | 314,149 |
Conversion of Stock, Shares Issued | (3,488,129) | 0 | 27,219 |
Class M-I Shares [Member] | |||
Class of Stock [Line Items] | |||
Issuance of common stock (in shares) | 27,847,915 | ||
Stock Issued During Period, Value, New Issues | $ 405,593 | $ 254,168 | $ 149,090 |
Class M-I Shares [Member] | Common Stock [Member] | |||
Class of Stock [Line Items] | |||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 26,781 | 20,000 | 16,000 |
Issuance of common stock (in shares) | 20,501,787 | 12,417,353 | |
Conversion of Stock, Shares Issued | 20,389,745 | 1,055,955 | 1,374,812 |
Class D Shares [Member] | |||
Class of Stock [Line Items] | |||
Stock Issued During Period, Value, New Issues | $ 0 | $ 30,000 | $ 0 |
Class D Shares [Member] | Common Stock [Member] | |||
Class of Stock [Line Items] | |||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 0 | 0 | 0 |
Issuance of common stock (in shares) | 0 | 2,555,366 | 0 |
Conversion of Stock, Shares Issued | 0 | 0 | 0 |
Common Stock Common Stock Sold
Common Stock Common Stock Sold (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Class of Stock [Line Items] | ||||
Stock Issued During Period, Shares, New Issues | 54,844,656 | 44,071,596 | 28,718,218 | |
Stock Repurchased During Period, Shares | 17,321,045 | 11,151,942 | 21,372,888 | |
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 26,781 | 20,000 | ||
Conversion of Stock, Shares Issued | 2,435 | |||
Sale of Stock, Consideration Received on Transaction | $ 803,034 | $ 545,940 | $ 346,104 | |
Stock Issued During Period, Value, New Issues | $ 802,638 | $ 545,702 | 345,912 | |
Class A Shares [Member] | ||||
Class of Stock [Line Items] | ||||
Common Stock, Shares, Outstanding | 113,645,166 | 100,038,362 | ||
Stock Issued During Period, Value, New Issues | $ 308,318 | $ 210,810 | 164,020 | |
Class M Shares [Member] | ||||
Class of Stock [Line Items] | ||||
Common Stock, Shares, Outstanding | 26,170,260 | 36,458,191 | ||
Stock Issued During Period, Value, New Issues | $ 82,545 | $ 44,885 | 29,258 | |
Class A-I Shares [Member] | ||||
Class of Stock [Line Items] | ||||
Common Stock, Shares, Outstanding | 4,950,208 | 9,356,309 | ||
Stock Issued During Period, Value, New Issues | $ 6,578 | $ 6,077 | 3,736 | |
Class M-I Shares [Member] | ||||
Class of Stock [Line Items] | ||||
Common Stock, Shares, Outstanding | 95,803,409 | 52,676,693 | ||
Stock Issued During Period, Shares, New Issues | 27,847,915 | |||
Stock Issued During Period, Value, New Issues | $ 405,593 | $ 254,168 | 149,090 | |
Class D Shares [Member] | ||||
Class of Stock [Line Items] | ||||
Common Stock, Shares, Outstanding | 3,023,025 | 7,513,281 | ||
Stock Issued During Period, Value, New Issues | $ 0 | $ 30,000 | $ 0 | |
Common Stock [Member] | ||||
Class of Stock [Line Items] | ||||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 16,000 | |||
Conversion of Stock, Shares Issued | 1,160 | 1,285 | ||
Stock Issued During Period, Value, New Issues | $ 549 | $ 441 | $ 287 | |
Common Stock [Member] | Class A Shares [Member] | ||||
Class of Stock [Line Items] | ||||
Common Stock, Shares, Outstanding | 113,645,166 | 100,038,362 | 89,671,096 | 88,007,721 |
Stock Issued During Period, Shares, New Issues | 20,927,064 | 16,945,256 | 13,533,380 | |
Stock Repurchased During Period, Shares | 5,590,784 | 6,327,886 | 11,333,773 | |
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 0 | 0 | 0 | |
Conversion of Stock, Shares Issued | (1,729,476) | (250,104) | (536,232) | |
Common Stock [Member] | Class M Shares [Member] | ||||
Class of Stock [Line Items] | ||||
Common Stock, Shares, Outstanding | 26,170,260 | 36,458,191 | 35,612,156 | 39,036,770 |
Stock Issued During Period, Shares, New Issues | 5,652,729 | 3,590,727 | 2,453,336 | |
Stock Repurchased During Period, Shares | 767,360 | 1,937,556 | 5,009,716 | |
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 0 | 0 | 0 | |
Conversion of Stock, Shares Issued | (15,173,300) | (807,136) | (868,234) | |
Common Stock [Member] | Class A-I Shares [Member] | ||||
Class of Stock [Line Items] | ||||
Common Stock, Shares, Outstanding | 4,950,208 | 9,356,309 | 9,616,299 | 11,153,567 |
Stock Issued During Period, Shares, New Issues | 443,729 | 478,460 | 314,149 | |
Stock Repurchased During Period, Shares | 1,361,701 | 738,450 | 1,878,636 | |
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 0 | 0 | 0 | |
Conversion of Stock, Shares Issued | (3,488,129) | 0 | 27,219 | |
Common Stock [Member] | Common Class M-I [Member] | ||||
Class of Stock [Line Items] | ||||
Stock Issued During Period, Shares, New Issues | 27,821,134 | 20,521,787 | 12,433,353 | |
Common Stock [Member] | Class M-I Shares [Member] | ||||
Class of Stock [Line Items] | ||||
Common Stock, Shares, Outstanding | 95,803,409 | 52,676,693 | 33,247,001 | 22,589,599 |
Stock Issued During Period, Shares, New Issues | 20,501,787 | 12,417,353 | ||
Stock Repurchased During Period, Shares | 5,110,944 | 2,148,050 | 3,150,763 | |
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 26,781 | 20,000 | 16,000 | |
Conversion of Stock, Shares Issued | 20,389,745 | 1,055,955 | 1,374,812 | |
Common Stock [Member] | Class D Shares [Member] | ||||
Class of Stock [Line Items] | ||||
Common Stock, Shares, Outstanding | 3,023,025 | 7,513,281 | 4,957,915 | 4,957,915 |
Stock Issued During Period, Shares, New Issues | 0 | 2,555,366 | 0 | |
Stock Repurchased During Period, Shares | 4,490,256 | 0 | 0 | |
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 0 | 0 | 0 | |
Conversion of Stock, Shares Issued | 0 | 0 | 0 |
Common Stock Repurchases (Detai
Common Stock Repurchases (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Class of Stock [Line Items] | |||
Stock Repurchased During Period, Shares | (17,321,045) | (11,151,942) | (21,372,888) |
Stock Repurchased During Period, Value | $ 253,860 | $ 135,246 | $ 255,355 |
Common Stock [Member] | |||
Class of Stock [Line Items] | |||
Stock Repurchased During Period, Value | $ 174 | $ (111) | $ 214 |
Common Stock [Member] | Class A Shares [Member] | |||
Class of Stock [Line Items] | |||
Stock Repurchased During Period, Shares | (5,590,784) | (6,327,886) | (11,333,773) |
Common Stock [Member] | Class M Shares [Member] | |||
Class of Stock [Line Items] | |||
Stock Repurchased During Period, Shares | (767,360) | (1,937,556) | (5,009,716) |
Common Stock [Member] | Class A-I Shares [Member] | |||
Class of Stock [Line Items] | |||
Stock Repurchased During Period, Shares | (1,361,701) | (738,450) | (1,878,636) |
Common Stock [Member] | Class M-I Shares [Member] | |||
Class of Stock [Line Items] | |||
Stock Repurchased During Period, Shares | (5,110,944) | (2,148,050) | (3,150,763) |
Common Stock [Member] | Class D Shares [Member] | |||
Class of Stock [Line Items] | |||
Stock Repurchased During Period, Shares | (4,490,256) | 0 | 0 |
Common Stock Earnings Per Share
Common Stock Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Class A Shares [Member] | |||
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | |||
Net Income, before performance fee | $ (16,766) | $ 43,011 | $ (23,259) |
Noninterest Expense Related to Performance Fees | 2,642 | 17,269 | 0 |
Net Income (Loss) Available to Common Stockholders, Basic | $ (19,408) | $ 25,742 | $ (23,259) |
Weighted Average Number of Shares Outstanding, Basic | 108,161,922 | 93,504,890 | 90,176,584 |
Earnings Per Share, Basic | $ (0.18) | $ 0.28 | $ (0.26) |
Class M Shares [Member] | |||
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | |||
Net Income, before performance fee | $ (4,327) | $ 16,231 | $ (9,465) |
Noninterest Expense Related to Performance Fees | 1,240 | 6,561 | 0 |
Net Income (Loss) Available to Common Stockholders, Basic | $ (5,567) | $ 9,670 | $ (9,465) |
Weighted Average Number of Shares Outstanding, Basic | 27,911,145 | 35,291,400 | 36,694,995 |
Earnings Per Share, Basic | $ (0.20) | $ 0.27 | $ (0.26) |
Class A-I Shares [Member] | |||
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | |||
Net Income, before performance fee | $ (1,039) | $ 4,360 | $ (2,598) |
Noninterest Expense Related to Performance Fees | 356 | 1,712 | 0 |
Net Income (Loss) Available to Common Stockholders, Basic | $ (1,395) | $ 2,648 | $ (2,598) |
Weighted Average Number of Shares Outstanding, Basic | 6,708,638 | 9,484,119 | 10,073,075 |
Earnings Per Share, Basic | $ (0.21) | $ 0.28 | $ (0.26) |
Class M-I Shares [Member] | |||
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | |||
Net Income, before performance fee | $ (12,689) | $ 18,960 | $ (7,405) |
Noninterest Expense Related to Performance Fees | 2,170 | 8,992 | 0 |
Net Income (Loss) Available to Common Stockholders, Basic | $ (14,859) | $ 9,968 | $ (7,405) |
Weighted Average Number of Shares Outstanding, Basic | 81,854,681 | 41,229,584 | 28,710,729 |
Earnings Per Share, Basic | $ (0.18) | $ 0.24 | $ (0.26) |
Class D Shares [Member] | |||
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | |||
Net Income, before performance fee | $ (761) | $ 3,262 | $ (1,279) |
Noninterest Expense Related to Performance Fees | 330 | 1,408 | 0 |
Net Income (Loss) Available to Common Stockholders, Basic | $ (1,091) | $ 1,854 | $ (1,279) |
Weighted Average Number of Shares Outstanding, Basic | 4,916,324 | 7,100,222 | 4,957,915 |
Earnings Per Share, Basic | $ (0.22) | $ 0.26 | $ (0.26) |
Common Stock Dividends Declar_2
Common Stock Dividends Declared (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |||||||||||||
Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Distributions Declared [Line Items] | |||||||||||||||
Common Stock, Dividends, Per Share, Declared | $ 0.14000 | $ 0.14000 | $ 0.14000 | $ 0.14000 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.56000 | $ 0.54000 | $ 0.54000 |
Class A Shares [Member] | |||||||||||||||
Distributions Declared [Line Items] | |||||||||||||||
Dividends | $ 0.11204 | $ 0.11240 | $ 0.11270 | $ 0.11467 | $ 0.11092 | $ 0.11189 | $ 0.11294 | $ 0.11326 | $ 0.11280 | $ 0.11282 | $ 0.11239 | $ 0.11211 | $ 0.45181 | $ 0.44901 | $ 0.45012 |
Class M Shares [Member] | |||||||||||||||
Distributions Declared [Line Items] | |||||||||||||||
Dividends | 0.12966 | 0.12962 | 0.12951 | 0.13095 | 0.12637 | 0.12666 | 0.12696 | 0.12715 | 0.12719 | 0.12661 | 0.12683 | 0.12649 | 0.51974 | 0.50714 | 0.50712 |
Class M-I Shares [Member] | |||||||||||||||
Distributions Declared [Line Items] | |||||||||||||||
Dividends | 0.14000 | 0.14000 | 0.14000 | 0.14000 | 0.13500 | 0.13500 | 0.13500 | 0.13500 | 0.13500 | 0.13500 | 0.13500 | 0.13500 | 0.56000 | 0.54000 | 0.54000 |
Class A-I Shares [Member] | |||||||||||||||
Distributions Declared [Line Items] | |||||||||||||||
Dividends | 0.13100 | 0.13082 | 0.13102 | 0.13100 | 0.12675 | 0.12644 | 0.12710 | 0.12726 | 0.12715 | 0.12632 | 0.12753 | 0.12681 | 0.52384 | 0.50755 | 0.50781 |
Class D Shares [Member] | |||||||||||||||
Distributions Declared [Line Items] | |||||||||||||||
Dividends | $ 0.14000 | $ 0.14000 | $ 0.14000 | $ 0.14000 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.56000 | $ 0.54000 | $ 0.54000 |
DST Program (Details)
DST Program (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Oct. 16, 2019 |
Variable Interest Entity [Line Items] | |||
Common Stock, Value, Outstanding | $ 4,695,400 | ||
DST Program [Member] | |||
Variable Interest Entity [Line Items] | |||
common stock, value authorized during DST offering | $ 2,000,000 | ||
Deferred Costs | 901 | ||
Common Stock, Value, Outstanding | 759,194 | ||
DST Program [Member] | Master Lease | |||
Variable Interest Entity [Line Items] | |||
Lessee, Operating Lease, Liability, Undiscounted Excess Amount | 20,859 | $ 8,603 | |
DST Program [Member] | Certain Properties | |||
Variable Interest Entity [Line Items] | |||
Lessee, Operating Lease, Liability, Undiscounted Excess Amount | $ 22,693 |
Rentals Under Operating Lease_2
Rentals Under Operating Leases Rentals Under Operating Leases (Details) $ in Thousands | Dec. 31, 2022 USD ($) |
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract] | |
Lessor, Operating Lease, Payment to be Received, Year One | $ 248,339 |
Lessor, Operating Lease, Payment to be Received, Year Two | 181,270 |
Lessor, Operating Lease, Payment to be Received, Year Three | 155,686 |
Lessor, Operating Lease, Payment to be Received, Year Four | 138,913 |
Lessor, Operating Lease, Payment to be Received, Year Five | 112,196 |
Lessor, Operating Lease, Payment to be Received, after Year Five | 447,196 |
Lessor, Operating Lease, Payments to be Received | $ 1,283,600 |
Related Party Transactions (Det
Related Party Transactions (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Related Party Transactions (Textual) [Abstract] | |||
Payments of Stock Issuance Costs | $ 23,528 | $ 135,246 | $ 255,354 |
Accrued Offering Costs | 187,742 | 137,776 | |
Related Party Transactions (Additional Textual) [Abstract] | |||
Property management services expense paid | $ 2,098 | 1,222 | 741 |
Fixed fee [Member] | |||
Related Party Transactions (Textual) [Abstract] | |||
Management and Advisory fee percentage on NAV | 1.25% | ||
Management and Advisory fees | $ 43,364 | 28,956 | 25,274 |
Manager and advisory fees payable | $ 3,851 | 2,998 | |
performance fee [Member] | |||
Related Party Transactions (Textual) [Abstract] | |||
Management and Advisory fee percentage on NAV | 10% | ||
Noninterest Expense Related to Performance Fees | $ 6,969 | 36,711 | 0 |
Manager and advisory fees payable | $ 6,969 | 36,711 | |
Hurdle Rate [Member] | |||
Related Party Transactions (Textual) [Abstract] | |||
Management and Advisory fee percentage on NAV | 7% | ||
Selling commission, Dealer Manager Fee, Distribution Fee [Member] | |||
Related Party Transactions (Textual) [Abstract] | |||
Payments of Stock Issuance Costs | $ 16,075 | 12,246 | 11,303 |
Accrued Offering Costs | 185,557 | 135,663 | |
Organization and Offering Costs [Member] | |||
Related Party Transactions (Textual) [Abstract] | |||
Payments of Stock Issuance Costs | $ 2,185 | 2,113 | |
Common Stock [Member] | |||
Related Party Transactions (Textual) [Abstract] | |||
DST Program Selling Commissions | 5% | ||
DST Program Dealer Manager Fee | 1% | ||
DST Program Placement Fees | 1% | ||
DST Program Fees | |||
Related Party Transactions (Textual) [Abstract] | |||
Payments of Stock Issuance Costs | $ 6,524 | 5,697 | |
Related Party Transactions (Additional Textual) [Abstract] | |||
DST Investor Servicing Fees | 1,493 | 754 | |
DST Advisor Fees | $ 947 | 463 | |
The Villas at Legacy [Member] | |||
Related Party Transactions (Additional Textual) [Abstract] | |||
Payments for brokerage fees | 133 | ||
24823 Anza Drive- Valencia Industrial Portfolio [Member] | |||
Related Party Transactions (Additional Textual) [Abstract] | |||
Payments for brokerage fees | $ 75 | ||
Townlake of Coppell [Member] | |||
Related Party Transactions (Additional Textual) [Abstract] | |||
Payments for brokerage fees | 162 | ||
Louisville Airport Distribution Center | |||
Related Party Transactions (Additional Textual) [Abstract] | |||
Payments for brokerage fees | $ 209 |
Commitments and Contingencies (
Commitments and Contingencies (Details) $ in Thousands | Dec. 31, 2022 USD ($) |
South Beach Parking Garage [Member] | |
Other Commitments [Line Items] | |
Other Commitment | $ 112 |
Segment Reporting (Details)
Segment Reporting (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Segment Reporting Information [Line Items] | |||
TOTAL ASSETS | $ 5,154,218 | $ 4,402,246 | |
Payments for Capital Improvements | 25,361 | 28,764 | $ 13,201 |
Operating Lease, Lease Income | 327,631 | 227,940 | 186,641 |
Total revenues | 337,188 | 239,338 | 193,621 |
Real estate taxes | 45,309 | 32,837 | 29,665 |
Property operating | 61,537 | 43,995 | 37,999 |
Operating Costs and Expenses | 306,927 | 244,809 | 175,795 |
General and Administrative Expense | 2,882 | 1,596 | 4,318 |
Noninterest Expense Investment Advisory Fees | 50,333 | 65,667 | 25,274 |
Company level expenses | 8,762 | 4,841 | 2,936 |
Impairment of Real Estate | 0 | 1,822 | 0 |
Depreciation and amortization | 138,104 | 94,051 | 75,603 |
Interest expense | (99,284) | (48,230) | (40,668) |
Equity in income of unconsolidated affiliates | (3,403) | 67,333 | (19,451) |
Gains (Losses) on Extinguishment of Debt | 37,253 | 33,422 | (1,772) |
Total other income and (expenses) | (74,378) | 56,123 | (61,891) |
Industrial Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
TOTAL ASSETS | 1,586,416 | 1,352,580 | |
Payments for Capital Improvements | 9,202 | 17,165 | 4,673 |
Operating Lease, Lease Income | 106,020 | 71,719 | 49,743 |
Recovery of Direct Costs | 127 | 367 | 323 |
Total revenues | 106,147 | 72,086 | 50,066 |
Real estate taxes | 16,730 | 10,505 | 8,218 |
Property operating | 9,172 | 5,783 | 4,121 |
Operating Costs and Expenses | 25,902 | 16,288 | 12,339 |
Office Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
TOTAL ASSETS | 640,066 | 479,306 | |
Payments for Capital Improvements | 4,536 | 4,284 | 2,589 |
Operating Lease, Lease Income | 50,179 | 33,178 | 27,239 |
Recovery of Direct Costs | 1,392 | 1,792 | 1,313 |
Total revenues | 51,571 | 34,970 | 28,552 |
Real estate taxes | 4,927 | 3,394 | 3,396 |
Property operating | 10,346 | 6,865 | 5,938 |
Operating Costs and Expenses | 15,273 | 10,259 | 9,334 |
Apartments Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
TOTAL ASSETS | 1,623,069 | 1,301,454 | |
Payments for Capital Improvements | 8,692 | 6,196 | 4,346 |
Operating Lease, Lease Income | 115,259 | 74,378 | 63,948 |
Recovery of Direct Costs | 5,439 | 5,534 | 3,474 |
Total revenues | 120,698 | 79,912 | 67,422 |
Real estate taxes | 17,086 | 12,500 | 11,476 |
Property operating | 32,423 | 22,619 | 19,643 |
Operating Costs and Expenses | 49,509 | 35,119 | 31,119 |
Retail Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
TOTAL ASSETS | 612,640 | 564,565 | |
Payments for Capital Improvements | 5,014 | 3,212 | 1,803 |
Operating Lease, Lease Income | 55,863 | 48,286 | 45,417 |
Recovery of Direct Costs | 500 | 1,117 | 572 |
Total revenues | 56,363 | 49,403 | 45,989 |
Real estate taxes | 6,177 | 5,979 | 6,193 |
Property operating | 8,798 | 7,973 | 7,583 |
Operating Costs and Expenses | 14,975 | 13,952 | 13,776 |
Other Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
TOTAL ASSETS | 20,543 | 23,412 | |
Payments for Capital Improvements | 11 | 16 | 119 |
Operating Lease, Lease Income | 310 | 379 | 294 |
Recovery of Direct Costs | 2,099 | 2,588 | 1,298 |
Total revenues | 2,409 | 2,967 | 1,592 |
Real estate taxes | 389 | 459 | 382 |
Property operating | 798 | 755 | 714 |
Operating Costs and Expenses | 1,187 | 1,214 | 1,096 |
Corporate and Other | |||
Segment Reporting Information [Line Items] | |||
TOTAL ASSETS | 4,482,734 | 3,721,317 | |
Payments for Capital Improvements | 27,455 | 30,873 | 13,530 |
Operating Lease, Lease Income | 327,631 | 227,940 | 186,641 |
Recovery of Direct Costs | 9,557 | 11,398 | 6,980 |
Total revenues | 337,188 | 239,338 | 193,621 |
Real estate taxes | 45,309 | 32,837 | 29,665 |
Property operating | 61,537 | 43,995 | 37,999 |
Operating Costs and Expenses | 106,846 | 76,832 | 67,664 |
Operating Income (Loss) | 175,795 | ||
Equity in income of unconsolidated affiliates | (3,403) | 67,333 | (19,451) |
Total other income and (expenses) | (74,378) | 56,123 | (61,891) |
Income (loss) from continuing operations | (44,117) | 50,652 | $ (44,065) |
Corporate [Member] | |||
Segment Reporting Information [Line Items] | |||
TOTAL ASSETS | $ 671,484 | $ 680,929 |
Comprehensive Text Block List_2
Comprehensive Text Block List (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Text Block [Abstract] | |||
Equity Securities, FV-NI, Unrealized Gain | $ 716 | $ 3,161 | |
Equity Securities, FV-NI, Accumulated Unrealized Loss | 7,349 | 228 | |
Equity Securities, FV-NI, Accumulated Net Unrealized Gain (Loss) | (6,633) | 2,933 | |
Equity Securities, FV-NI, Current | 44,182 | 43,206 | |
Proceeds from Sale and Maturity of Marketable Securities | 18,626 | 5,347 | $ 0 |
Equity Securities, FV-NI, Realized Gain | 576 | ||
Equity Securities, FV-NI, Realized Loss | (1,455) | ||
Equity Securities, FV-NI | $ 50,815 | $ 40,273 |
Distributions Payable (Details)
Distributions Payable (Details) - $ / shares | 3 Months Ended | 12 Months Ended | ||||||||||||||
Mar. 31, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Distributions Payable (Textual) [Abstract] | ||||||||||||||||
Common Stock, Dividends, Per Share, Declared | $ 0.14000 | $ 0.14000 | $ 0.14000 | $ 0.14000 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.56000 | $ 0.54000 | $ 0.54000 | |
Subsequent Event [Member] | ||||||||||||||||
Distributions Payable (Textual) [Abstract] | ||||||||||||||||
Distribution declared date | Mar. 07, 2023 | |||||||||||||||
Common Stock, Dividends, Per Share, Declared | $ 0.145 | |||||||||||||||
Distribution recorded date | Mar. 24, 2023 | |||||||||||||||
Distribution payable date | Mar. 30, 2023 |
Quarterly Financial Information
Quarterly Financial Information (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Class of Stock [Line Items] | |||
Revenues | $ 337,188 | $ 239,338 | $ 193,621 |
Net Income (Loss) Attributable to Parent | $ (42,551) | $ 49,121 | $ (44,006) |
Weighted Average Number of Outstanding Shares Basic and Diluted | 229,552,710 | 186,610,215 | 170,613,298 |
Subsequent Events (Details Text
Subsequent Events (Details Textual) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | ||||||||||||||||
Jan. 24, 2022 USD ($) ft² | Jan. 06, 2022 USD ($) ft² | Mar. 31, 2023 $ / shares | Dec. 31, 2022 $ / shares | Sep. 30, 2022 $ / shares | Jun. 30, 2022 $ / shares | Mar. 31, 2022 $ / shares | Dec. 31, 2021 $ / shares | Sep. 30, 2021 $ / shares | Jun. 30, 2021 $ / shares | Mar. 31, 2021 $ / shares | Dec. 31, 2020 $ / shares | Sep. 30, 2020 $ / shares | Jun. 30, 2020 $ / shares | Mar. 31, 2020 $ / shares | Dec. 31, 2022 $ / shares | Dec. 31, 2021 $ / shares | Dec. 31, 2020 $ / shares | |
Subsequent Event [Line Items] | ||||||||||||||||||
Common Stock, Dividends, Per Share, Declared | $ / shares | $ 0.14000 | $ 0.14000 | $ 0.14000 | $ 0.14000 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.13500 | $ 0.56000 | $ 0.54000 | $ 0.54000 | |||
4001 North Norfleet Road [Member] | ||||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||||
Area of Real Estate Property | ft² | 702,000 | |||||||||||||||||
Proceeds from Sale of Real Estate | $ 60,375 | |||||||||||||||||
Gains (Losses) on Sales of Investment Real Estate | $ 34,584 | |||||||||||||||||
The Edge at Lafayette [Member] | ||||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||||
Area of Real Estate Property | ft² | 207,000 | |||||||||||||||||
Proceeds from Sale of Real Estate | $ 16,500 | |||||||||||||||||
Gains (Losses) on Sales of Investment Real Estate | $ 13 | |||||||||||||||||
Subsequent Event [Member] | ||||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||||
Dividends Payable, Date Declared | Mar. 07, 2023 | |||||||||||||||||
Common Stock, Dividends, Per Share, Declared | $ / shares | $ 0.145 | |||||||||||||||||
Dividends Payable, Date of Record | Mar. 24, 2023 | |||||||||||||||||
Dividends Payable, Date to be Paid | Mar. 30, 2023 |
Schedule III - Real Estate an_2
Schedule III - Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | $ 1,943,614 | $ 1,819,620 | ||
Real Estate and Accumulated Depreciation, Amount of Encumbrances | 1,318,614 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 729,450 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 3,640,561 | |||
Real estate aggregate cost for tax purposes | 4,819,347 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | (4,372) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 87,952 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 725,078 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (3,728,507) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (4,453,585) | (3,608,923) | $ (2,320,336) | $ (2,200,514) |
real estate accumulated depreciation tax basis | 491,584 | |||
Summit at San Marcos [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 35,900 | 35,900 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 6,401 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 63,335 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 195 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,401 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (63,530) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (69,931) | |||
Presley Uptown [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 30,000 | 30,000 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 7,390 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 46,479 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 12 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 1,045 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,402 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (47,524) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (54,926) | |||
Monument IV at Worldgate [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 5,186 | |||
105 Kendall Park Lane [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Suwanne Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Grand Prairie Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Charlotte Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 9,117 | 9,341 | ||
DFW Distribution Center 4050 [Member] [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 12,147 | |||
DFW Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 17,720 | 17,720 | ||
DFW Distribution Center 4055 [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 5,573 | |||
O'Hare Industrial Portfolio - 2501 Allan Drive [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
O'Hare Industrial Portfolio - 2601 Allan Drive [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
O'Hare Industrial Portfolio - 1300 Michael Drive [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
O'Hare Industrial Portfolio - 1350 Michael Drive [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
O'Hare Industrial Portfolio - 1225 Michael Drive [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
O'Hare Industrial Portfolio - 200 Lewis [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
O'Hare Industrial Portfolio - 1301 Mittel Drive [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Tampa Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Aurora Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 13,156 | 13,441 | ||
28150 West Harrison Parkway-Valencia Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
28145 West Harrison Parkway- Valencia Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
28904 Avenue Paine- Valencia Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
25045 Avenue Tibbitts- Valencia Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
6000 Giant Road- Pinole Point Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
6015 Giant Road- Pinole Point Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Mason Mill Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 17,500 | 17,500 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,406 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 23,312 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | (123) | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,406 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (23,189) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (26,595) | |||
Fremont Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 29,427 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 7,024 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 1,814 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 29,427 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (8,838) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (38,265) | |||
3224 Trinity Boulevard [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,215 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 11,255 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | (13) | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,215 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (11,242) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (14,457) | |||
Taunton [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,000 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 21,589 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 220 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,000 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (21,809) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (23,809) | |||
Chandler Distribution [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,803 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 24,095 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 272 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,803 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (24,367) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (28,170) | |||
6025 Giant Road- Pinole Point Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Townlake of Coppell [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 36,030 | 36,030 | ||
Lane Parke Apartments [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 37,000 | 37,000 | ||
AQ Rittenhouse [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 26,370 | 26,370 | ||
Dylan Point Loma [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 39,598 | 40,319 | ||
The Penfield [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 35,500 | 35,500 | ||
180 N Jefferson [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 45,000 | 45,000 | ||
The Reserve at Johns Creek Walk [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 26,000 | 26,000 | ||
The Villas at Legacy [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 29,500 | 29,500 | ||
Stonemeadow Farms [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 43,865 | 44,722 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 14,000 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 65,535 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 2,850 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 14,000 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (68,385) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (82,385) | |||
Jory Trail at the Grove [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 41,954 | 42,793 | ||
Silverstone Marketplace [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
South Beach Parking Garage [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Grand Lakes Marketplace [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 23,900 | 23,900 | ||
Oak Grove Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | 8,915 | ||
Rancho Temecula Town Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 28,000 | 28,000 | ||
Skokie Commons [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 23,118 | 23,627 | ||
The District at Howell Mill [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 28,036 | 28,858 | ||
140 Park Avenue [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,162 | |||
San Juan Medical Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 16,730 | 16,730 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 9,807 | |||
Genesee Plaza1 [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 38,306 | 39,285 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 8,222 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 73,964 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 1,264 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 8,222 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (75,228) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (83,450) | |||
Maui Mall [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 35,492 | 36,322 | ||
Kierland Village [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Timberland Town Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 19,739 | 20,253 | ||
Montecito Marketplace [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Fort Worth Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,059 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 21,053 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 1,296 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,059 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (22,349) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (25,408) | |||
5102 E 500 South Whitestown | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,460 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 28,049 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | (80) | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,460 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (27,969) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (31,429) | |||
4993 Anson Blvd Whitestown | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 17,000 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,197 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 20,224 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | (59) | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,197 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (20,165) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (22,362) | |||
Fountainhead Corporate Park [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 5,942 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 36,301 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 6,555 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,942 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (42,856) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (48,798) | |||
Milford Crossing | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Louisville Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 52,250 | 52,250 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 9,028 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 66,792 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 4,161 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,028 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (70,953) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (79,981) | |||
Princeton North Andover | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 39,900 | 39,900 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 8,140 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 75,403 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | (639) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 279 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,501 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (75,682) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (83,183) | |||
South San Diego Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 72,500 | 72,500 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 18,496 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 123,682 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 3,703 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 18,496 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (127,385) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (145,881) | |||
Pinecone Apartments | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 24,895 | 25,355 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 8,558 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 49,005 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 659 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 425 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,217 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (49,430) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (58,647) | |||
The Reserve at Venice | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 55,800 | 0 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 5,500 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 43,833 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 3,058 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 309 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 8,558 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (44,142) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (52,700) | |||
Woodside Trumbull | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,654 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 91,755 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | (322) | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,654 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (91,433) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (96,087) | |||
6511 West Frye Road | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 12,250 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,102 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 15,511 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 1,654 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,102 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (17,165) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (19,267) | |||
6565 West Frye Road | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 12,250 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,451 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 18,807 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,451 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (18,807) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (21,258) | |||
6615 West Frye Road | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 12,250 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,799 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 18,030 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,799 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (18,030) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (20,829) | |||
6677 West Frye Road | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 12,250 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,451 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 18,662 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 37 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,451 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (18,699) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (21,150) | |||
5 National Way | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 6,846 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 21,233 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 592 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,846 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (21,825) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (28,671) | |||
47 National Way | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 6,840 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 20,401 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 2,104 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,840 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (22,505) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (29,345) | |||
2451 Bath Road - Elgin Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,247 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 26,182 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | (63) | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,247 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (26,119) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (30,366) | |||
1755 Britannia Drive - Elgin Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,046 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 10,522 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 700 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,046 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (11,222) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (12,268) | |||
South Louisville Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,462 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 33,393 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 447 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,462 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (33,840) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (36,302) | |||
Louisville Airport Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,843 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 26,812 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | (1) | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,843 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (26,811) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (29,654) | |||
Friendship Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 40,000 | 0 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 7,082 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 80,654 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 4 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,082 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (80,658) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (87,740) | |||
170 Park Ave | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,612 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 38,337 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 3 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,612 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (38,340) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (42,952) | |||
South Reno Medical Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,029 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 9,882 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | (104) | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,029 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (9,778) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (10,807) | |||
North Tampa Surgery Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,227 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 5,069 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | (4) | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,227 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (5,065) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (6,292) | |||
Kansas City Medical Office - 1203 SW 7 Highway | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 171 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,355 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 10 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 171 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (2,365) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (2,536) | |||
Kansas City Medical Office - 8600 NE 82nd Street | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 143 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 3,519 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 12 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 143 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (3,531) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (3,674) | |||
Sugar Land Medical Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,449 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 9,943 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | (86) | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,449 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (9,857) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (12,306) | |||
Roeland Park Medical Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,057 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 8,182 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 5 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,057 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (8,187) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (9,244) | |||
Durham Medical Office | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 974 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 29,575 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 26 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 974 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (29,601) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (30,575) | |||
9101 Stony Point Drive | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,980 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 37,939 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 15 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,980 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (37,954) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (41,934) | |||
Preserve at the Meadows | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 32,400 | 32,400 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 9,656 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 86,125 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | (4,156) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 103 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,500 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (86,228) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (91,728) | |||
The Rockwell | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 46,310 | 46,310 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 7,501 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 53,870 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 2,154 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 220 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,655 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (54,090) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (63,745) | |||
Miramont Apartments | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 27,128 | 27,629 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 9,217 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 63,156 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | (1,077) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 157 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 8,140 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (63,313) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (71,453) | |||
13500 Danielson Street | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 10,990 | 10,990 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 7,624 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 11,503 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 54 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,624 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (11,557) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (19,181) | |||
237 Via Vera Cruz | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 11,880 | 11,880 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 5,421 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 8,581 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 54 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,421 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (8,635) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (14,056) | |||
4211 Starboard Drive | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 20,612 | 20,612 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 13,409 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 13,872 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 146 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 13,409 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (14,018) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (27,427) | |||
2840 Loker Ave | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 14,316 | 14,316 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 7,631 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 16,030 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 245 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,631 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (16,275) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (23,906) | |||
15890 Bernardo Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 8,702 | 8,702 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,316 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 11,715 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 47 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,316 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (11,762) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (14,078) | |||
Northeast Atlanta Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 7,587 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 42,725 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,587 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (42,725) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (50,312) | |||
6635 West Frye Road | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,960 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 24,950 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,960 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (24,950) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (27,910) | |||
6575 West Frye Road | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,971 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 29,415 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,971 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (29,415) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (33,386) | |||
West Phoenix Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 28,914 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 95,012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 28,914 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (95,012) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (123,926) | |||
Puget Sound Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,898 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 17,470 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,898 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (17,470) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (21,368) | |||
Cedar Medical Center at Flagstaff | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,735 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 12,814 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,735 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (12,814) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (14,549) | |||
North Boston Medical Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,004 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 16,253 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,004 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (16,253) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (18,257) | |||
North Charlotte Medical Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,462 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 8,562 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,462 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (8,562) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (11,024) | |||
Grand Rapids Medical Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,031 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 5,941 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,031 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (5,941) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (6,972) | |||
Glendale Medical Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,782 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 13,074 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,782 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (13,074) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (15,856) | |||
6300 Dumbarton Circle | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 5,804 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 15,359 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,804 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (15,359) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (21,163) | |||
6500 Kaiser Drive | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 11,542 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 25,535 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 11,542 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (25,535) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (37,077) | |||
Greater Sacramento Medical Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,105 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 8,770 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,105 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (8,770) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (9,875) | |||
Jefferson Lake Howell | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 12,680 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 139,532 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 12,680 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (139,532) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (152,212) | |||
Oak Street Lofts | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 5,325 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 75,260 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,325 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (75,260) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (80,585) | |||
Molly Brook on Belmont | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 54,650 | 0 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 8,893 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 60,049 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 8,893 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (60,049) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (68,942) | |||
US SFR II | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 18,911 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 75,410 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 18,911 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (75,410) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (94,321) | |||
Patterson Place | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 855 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 12,169 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 855 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (12,169) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (13,024) | |||
Silverado Square | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,293 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 16,273 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,293 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (16,273) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (20,566) | |||
Woodlawn Point Shopping Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,731 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 26,881 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,731 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (26,881) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (31,612) | |||
Whitestone Market | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 25,750 | $ 25,750 | ||
Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Amount of Encumbrances | 55,036 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 76,426 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 466,474 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 28,557 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 76,426 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (495,030) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (571,456) | |||
Office Properties [Member] | Monument IV at Worldgate [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 57,013 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 19,657 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,186 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (76,670) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (81,856) | |||
Office Properties [Member] | 140 Park Avenue [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 34,784 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | (4) | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,162 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (34,780) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (37,942) | |||
Office Properties [Member] | San Juan Medical Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 13,303 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 1,208 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,807 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (14,511) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (24,318) | |||
Retail Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Amount of Encumbrances | 184,035 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 137,910 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 481,580 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | (4,090) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 3,058 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 133,820 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (484,638) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (618,457) | |||
Retail Properties [Member] | Silverstone Marketplace [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 8,012 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 33,771 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 287 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 8,012 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (34,058) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (42,070) | |||
Retail Properties [Member] | Grand Lakes Marketplace [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 5,215 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 34,770 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 87 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,215 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (34,857) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (40,072) | |||
Retail Properties [Member] | Oak Grove Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,434 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 18,869 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | (4,434) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | (19,040) | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (171) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (171) | |||
Retail Properties [Member] | Rancho Temecula Town Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 14,600 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 41,180 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 931 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 14,600 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (42,111) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (56,711) | |||
Retail Properties [Member] | Skokie Commons [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 8,859 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 25,705 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 891 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 182 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,750 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (25,887) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (35,637) | |||
Retail Properties [Member] | The District at Howell Mill [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 10,000 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 56,040 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 7,524 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 10,000 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (63,564) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (73,564) | |||
Retail Properties [Member] | Whitestone Market [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 7,000 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 39,868 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 622 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,000 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (40,490) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (47,490) | |||
Retail Properties [Member] | Maui Mall [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 44,257 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 39,454 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | (547) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 10,953 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 43,710 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (50,407) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (94,117) | |||
Retail Properties [Member] | Kierland Village [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 7,037 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 26,693 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 394 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,037 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (27,087) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (34,124) | |||
Retail Properties [Member] | Timberland Town Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 6,083 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 33,826 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 534 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,083 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (34,360) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (40,443) | |||
Retail Properties [Member] | Montecito Marketplace [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 11,410 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 45,212 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 673 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 11,410 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (45,885) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (57,295) | |||
Retail Properties [Member] | Milford Crossing | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,124 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 30,869 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | (89) | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,124 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (30,780) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (31,904) | |||
Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Amount of Encumbrances | 371,743 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 295,818 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,189,191 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | (293) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 25,966 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 295,525 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (1,215,153) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (1,510,678) | |||
Industrial Properties [Member] | 105 Kendall Park Lane [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,656 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 12,836 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | (293) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 1,015 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,363 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (13,851) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (16,214) | |||
Industrial Properties [Member] | Suwanne Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 6,155 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 27,598 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 121 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,155 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (27,719) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (33,874) | |||
Industrial Properties [Member] | Grand Prairie Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,100 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 12,478 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 404 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,100 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (12,882) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (14,982) | |||
Industrial Properties [Member] | Charlotte Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 5,381 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 15,002 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 397 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,381 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (15,399) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (20,780) | |||
Industrial Properties [Member] | DFW Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 5,200 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 18,327 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 1,779 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,200 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (20,106) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (25,306) | |||
Industrial Properties [Member] | DFW Distribution Center 4055 [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,400 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 12,377 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 1,638 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,400 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (14,015) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (16,415) | |||
Industrial Properties [Member] | O'Hare Industrial Portfolio - 2501 Allan Drive [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,300 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 10,926 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 717 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,300 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (11,643) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (15,943) | |||
Industrial Properties [Member] | O'Hare Industrial Portfolio - 2601 Allan Drive [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,600 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 7,726 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 232 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,600 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (7,958) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (10,558) | |||
Industrial Properties [Member] | O'Hare Industrial Portfolio - 1300 Michael Drive [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,900 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 6,770 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 385 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,900 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (7,155) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (9,055) | |||
Industrial Properties [Member] | O'Hare Industrial Portfolio - 1350 Michael Drive [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,500 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 5,059 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 296 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,500 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (5,355) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (6,855) | |||
Industrial Properties [Member] | O'Hare Industrial Portfolio - 1225 Michael Drive [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,600 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 7,149 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 172 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,600 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (7,321) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (9,921) | |||
Industrial Properties [Member] | O'Hare Industrial Portfolio - 200 Lewis [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,100 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 4,165 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 71 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,100 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (4,236) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (5,336) | |||
Industrial Properties [Member] | O'Hare Industrial Portfolio - 1301 Mittel Drive [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,700 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 5,473 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 141 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,700 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (5,614) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (8,314) | |||
Industrial Properties [Member] | Tampa Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,507 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 22,485 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 73 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,507 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (22,558) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (26,065) | |||
Industrial Properties [Member] | Aurora Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 9,861 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 14,646 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 0 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,861 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (14,646) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (24,507) | |||
Industrial Properties [Member] | 28150 West Harrison Parkway-Valencia Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,760 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 8,899 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 288 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,760 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (9,187) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (11,947) | |||
Industrial Properties [Member] | 28145 West Harrison Parkway- Valencia Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,468 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 10,111 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 11 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,468 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (10,122) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (13,590) | |||
Industrial Properties [Member] | 28904 Avenue Paine- Valencia Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,812 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 10,535 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 411 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,812 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (10,946) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (14,758) | |||
Industrial Properties [Member] | 25045 Avenue Tibbitts- Valencia Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,087 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 13,224 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 1,080 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,087 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (14,304) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (18,391) | |||
Industrial Properties [Member] | 6000 Giant Road- Pinole Point Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 11,572 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 26,556 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 31 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 11,572 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (26,587) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (38,159) | |||
Industrial Properties [Member] | 6015 Giant Road- Pinole Point Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 10,468 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 24,127 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | (1,004) | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 10,468 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (23,123) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (33,591) | |||
Industrial Properties [Member] | 6025 Giant Road- Pinole Point Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,700 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 4,167 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 497 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,700 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (4,664) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (7,364) | |||
Apartment Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Notes Payable | 707,800 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 219,296 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,481,849 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 11 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 29,691 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 219,307 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (1,511,539) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (1,730,847) | |||
Apartment Properties [Member] | Townlake of Coppell [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 8,444 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 36,805 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 2,432 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 8,444 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (39,237) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (47,682) | |||
Apartment Properties [Member] | Lane Parke Apartments [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 5,100 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 66,428 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 1,502 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,100 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (67,930) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (73,030) | |||
Apartment Properties [Member] | AQ Rittenhouse [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 11,000 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 39,963 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 60 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 11,000 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (40,023) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (51,023) | |||
Apartment Properties [Member] | Dylan Point Loma [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 19,000 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 70,860 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | (353) | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 19,000 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (70,507) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (89,507) | |||
Apartment Properties [Member] | The Penfield [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 8,021 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 52,713 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 1,033 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 8,021 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (53,746) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (61,767) | |||
Apartment Properties [Member] | The Reserve at Johns Creek Walk [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 7,552 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 38,025 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 1,212 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,552 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (39,237) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (46,789) | |||
Apartment Properties [Member] | The Villas at Legacy [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 6,888 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 48,504 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 4,294 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,888 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (52,798) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (59,686) | |||
Apartment Properties [Member] | 180 North Jefferson [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 18,588 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 75,435 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 9,702 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 18,588 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (85,137) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (103,725) | |||
Apartment Properties [Member] | Jory Trail at the Grove [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 7,877 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 64,369 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 4,548 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,877 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (68,917) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (76,794) | |||
Other Property [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 21,467 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 680 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (22,147) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | (22,147) | |||
Other Property [Member] | South Beach Parking Garage [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | |||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 21,467 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land | 0 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements | 680 | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | (22,147) | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | $ (22,147) |
Schedule III - Real Estate an_3
Schedule III - Real Estate and Accumulated Depreciation Table 2 (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 335,216 | $ 259,362 | $ 219,833 | $ 176,236 |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Other Deduction | 0 | (1,822) | 0 | |
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Other Deduction | 0 | $ (4,939) | $ (3,419) | |
Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | 81,089 | |||
Industrial Properties [Member] | 105 Kendall Park Lane [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 4,722 | |||
Real Estate and Accumulated Depreciation, Construction | 2002 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 30, 2005 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | Suwanne Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 5,268 | |||
Real Estate and Accumulated Depreciation, Construction | 2012 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 28, 2013 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | Grand Prairie Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 2,347 | |||
Real Estate and Accumulated Depreciation, Construction | 1980 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 18, 2013 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | Charlotte Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 3,325 | |||
Real Estate and Accumulated Depreciation, Construction | 2013 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jan. 22, 2014 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | DFW Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 3,649 | |||
Real Estate and Accumulated Depreciation, Construction | 1991 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 27, 2014 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | DFW Distribution Center 4055 [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 2,918 | |||
Real Estate and Accumulated Depreciation, Construction | 1996 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Apr. 15, 2015 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | O'Hare Industrial Portfolio - 2501 Allan Drive [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 2,171 | |||
Real Estate and Accumulated Depreciation, Construction | 1996 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Apr. 15, 2015 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | O'Hare Industrial Portfolio - 2601 Allan Drive [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,450 | |||
Real Estate and Accumulated Depreciation, Construction | 1985 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 30, 2015 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | O'Hare Industrial Portfolio - 1300 Michael Drive [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,304 | |||
Real Estate and Accumulated Depreciation, Construction | 1985 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 30, 2015 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | O'Hare Industrial Portfolio - 1350 Michael Drive [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,023 | |||
Real Estate and Accumulated Depreciation, Construction | 1985 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 30, 2015 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | O'Hare Industrial Portfolio - 1225 Michael Drive [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,320 | |||
Real Estate and Accumulated Depreciation, Construction | 1985 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 30, 2015 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | O'Hare Industrial Portfolio - 200 Lewis [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 833 | |||
Real Estate and Accumulated Depreciation, Construction | 1985 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 30, 2015 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | O'Hare Industrial Portfolio - 1301 Mittel Drive [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,024 | |||
Real Estate and Accumulated Depreciation, Construction | 1985 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 30, 2015 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | Tampa Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 3,826 | |||
Real Estate and Accumulated Depreciation, Construction | 1985 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 30, 2015 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | Aurora Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,928 | |||
Real Estate and Accumulated Depreciation, Construction | 2009 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Apr. 11, 2016 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | 28150 West Harrison Parkway-Valencia Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,501 | |||
Real Estate and Accumulated Depreciation, Construction | 2016 | |||
Real Estate and Accumulated Depreciation, Date Acquired | May 19, 2016 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | 28145 West Harrison Parkway- Valencia Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,644 | |||
Real Estate and Accumulated Depreciation, Construction | 1997 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 29, 2016 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | 28904 Avenue Paine- Valencia Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,832 | |||
Real Estate and Accumulated Depreciation, Construction | 1997 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 29, 2016 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | 25045 Avenue Tibbitts- Valencia Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 2,291 | |||
Real Estate and Accumulated Depreciation, Construction | 1988 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 29, 2016 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | 6000 Giant Road- Pinole Point Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 3,367 | |||
Real Estate and Accumulated Depreciation, Construction | 1988 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 29, 2016 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | 6015 Giant Road- Pinole Point Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 2,931 | |||
Real Estate and Accumulated Depreciation, Construction | 2016 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 08, 2016 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | 6025 Giant Road- Pinole Point Industrial Portfolio [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 602 | |||
Real Estate and Accumulated Depreciation, Construction | 2016 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 08, 2016 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | Mason Mill Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 2,325 | |||
Real Estate and Accumulated Depreciation, Construction | 2016 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 29, 2016 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | Fremont Distribution Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,219 | |||
Real Estate and Accumulated Depreciation, Construction | 1991 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Mar. 29, 2019 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | 3224 Trinity Boulevard [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,007 | |||
Real Estate and Accumulated Depreciation, Construction | 2015 | |||
Real Estate and Accumulated Depreciation, Date Acquired | May 31, 2019 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | Taunton [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,573 | |||
Real Estate and Accumulated Depreciation, Construction | 2016 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Aug. 23, 2019 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | Chandler Distribution [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,541 | |||
Real Estate and Accumulated Depreciation, Construction | 2016 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 05, 2019 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | Fort Worth Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,181 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Oct. 23, 2020 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | 4993 Anson Blvd Whitestown | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 841 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 11, 2020 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | 5102 E 500 South Whitestown | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,166 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 11, 2020 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | Louisville Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 3,306 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jan. 21, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | 6511 West Frye Road | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 743 | |||
Real Estate and Accumulated Depreciation, Construction | 2019 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Feb. 23, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | 6565 West Frye Road | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 690 | |||
Real Estate and Accumulated Depreciation, Construction | 2019 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Feb. 23, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | 6615 West Frye Road | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 661 | |||
Real Estate and Accumulated Depreciation, Construction | 2019 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Feb. 23, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | 6677 West Frye Road | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 686 | |||
Real Estate and Accumulated Depreciation, Construction | 2019 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Feb. 23, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | 5 National Way | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 531 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 28, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | 47 National Way | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 510 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 28, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | South San Diego Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 3,482 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Oct. 28, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | 2451 Bath Road - Elgin Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 609 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Nov. 16, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | 1755 Britannia Drive - Elgin Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 319 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Nov. 16, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | South Louisville Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 724 | |||
Real Estate and Accumulated Depreciation, Construction | 2021 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Nov. 17, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | Louisville Airport Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 804 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 24, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | Friendship Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,882 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Oct. 20, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | 13500 Danielson Street | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 433 | |||
Real Estate and Accumulated Depreciation, Construction | 1997 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jul. 02, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | 237 Via Vera Cruz | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 331 | |||
Real Estate and Accumulated Depreciation, Construction | 1987 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jul. 02, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | 4211 Starboard Drive | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 524 | |||
Real Estate and Accumulated Depreciation, Construction | 1997 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jul. 09, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | 2840 Loker Ave | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 442 | |||
Real Estate and Accumulated Depreciation, Construction | 1998 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Nov. 30, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | 15890 Bernardo Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 318 | |||
Real Estate and Accumulated Depreciation, Construction | 1991 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Nov. 30, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | Northeast Atlanta Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 843 | |||
Real Estate and Accumulated Depreciation, Construction | 2016 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Apr. 08, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Industrial Properties [Member] | 6635 West Frye Road | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 245 | |||
Real Estate and Accumulated Depreciation, Construction | 2019 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 08, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | 6575 West Frye Road | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 315 | |||
Real Estate and Accumulated Depreciation, Construction | 2019 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 08, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | West Phoenix Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 475 | |||
Real Estate and Accumulated Depreciation, Construction | 2022 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 30, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Industrial Properties [Member] | Puget Sound Distribution Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 87 | |||
Real Estate and Accumulated Depreciation, Construction | 2021 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Oct. 06, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Apartment Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 110,212 | |||
Apartment Properties [Member] | Townlake of Coppell [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 7,858 | |||
Real Estate and Accumulated Depreciation, Construction | 1986 | |||
Real Estate and Accumulated Depreciation, Date Acquired | May 22, 2015 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Apartment Properties [Member] | AQ Rittenhouse [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 6,031 | |||
Real Estate and Accumulated Depreciation, Construction | 2015 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jul. 30, 2015 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Apartment Properties [Member] | Lane Parke Apartments [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 9,390 | |||
Real Estate and Accumulated Depreciation, Construction | 2014 | |||
Real Estate and Accumulated Depreciation, Date Acquired | May 26, 2016 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Apartment Properties [Member] | Dylan Point Loma [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 9,114 | |||
Real Estate and Accumulated Depreciation, Construction | 2016 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Aug. 09, 2016 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Apartment Properties [Member] | The Penfield [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 7,098 | |||
Real Estate and Accumulated Depreciation, Construction | 2013 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 22, 2016 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Apartment Properties [Member] | 180 North Jefferson [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 14,672 | |||
Real Estate and Accumulated Depreciation, Construction | 2004 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 01, 2016 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Apartment Properties [Member] | Jory Trail at the Grove [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 9,419 | |||
Real Estate and Accumulated Depreciation, Construction | 2012 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jul. 14, 2017 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Apartment Properties [Member] | The Reserve at Johns Creek Walk [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 5,498 | |||
Real Estate and Accumulated Depreciation, Construction | 2007 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jul. 28, 2017 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Apartment Properties [Member] | The Villas at Legacy [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 7,567 | |||
Real Estate and Accumulated Depreciation, Construction | 1999 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 06, 2018 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Apartment Properties [Member] | Stonemeadow Farms [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 6,890 | |||
Real Estate and Accumulated Depreciation, Construction | 1999 | |||
Real Estate and Accumulated Depreciation, Date Acquired | May 13, 2019 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Apartment Properties [Member] | Summit at San Marcos [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 5,509 | |||
Real Estate and Accumulated Depreciation, Construction | 2018 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jul. 31, 2019 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Apartment Properties [Member] | Presley Uptown [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 3,615 | |||
Real Estate and Accumulated Depreciation, Construction | 2016 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 30, 2019 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Apartment Properties [Member] | Princeton North Andover | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 2,197 | |||
Real Estate and Accumulated Depreciation, Construction | 2019 | |||
Real Estate and Accumulated Depreciation, Date Acquired | May 03, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Apartment Properties [Member] | Preserve at the Meadows | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,939 | |||
Real Estate and Accumulated Depreciation, Construction | 2001 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Aug. 23, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Apartment Properties [Member] | The Rockwell | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,977 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Aug. 31, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Apartment Properties [Member] | Miramont Apartments | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 2,331 | |||
Real Estate and Accumulated Depreciation, Construction | 1995 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 29, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Apartment Properties [Member] | Pinecone Apartments | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,680 | |||
Real Estate and Accumulated Depreciation, Construction | 1993 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 29, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Apartment Properties [Member] | The Reserve at Venice | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,494 | |||
Real Estate and Accumulated Depreciation, Construction | 2021 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 17, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Apartment Properties [Member] | Woodside Trumbull | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,999 | |||
Real Estate and Accumulated Depreciation, Construction | 2021 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 21, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Apartment Properties [Member] | Jefferson Lake Howell | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 2,389 | |||
Real Estate and Accumulated Depreciation, Construction | 2021 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Mar. 30, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Apartment Properties [Member] | Oak Street Lofts | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 854 | |||
Real Estate and Accumulated Depreciation, Construction | 2019 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jul. 15, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Apartment Properties [Member] | Molly Brook on Belmont | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 348 | |||
Real Estate and Accumulated Depreciation, Construction | 2022 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 27, 2022 | |||
Apartment Properties [Member] | US SFR II | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 343 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 58,760 | |||
Office Properties [Member] | San Juan Medical Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 2,205 | |||
Real Estate and Accumulated Depreciation, Construction | 2015 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Apr. 01, 2016 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Office Properties [Member] | Genesee Plaza1 [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 6,691 | |||
Real Estate and Accumulated Depreciation, Construction | 1983 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jul. 02, 2019 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Office Properties [Member] | Monument IV at Worldgate [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 35,832 | |||
Real Estate and Accumulated Depreciation, Construction | 2001 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Aug. 27, 2004 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Office Properties [Member] | 140 Park Avenue [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 4,869 | |||
Real Estate and Accumulated Depreciation, Construction | 2015 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 21, 2015 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Office Properties [Member] | Fountainhead Corporate Park [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 3,704 | |||
Real Estate and Accumulated Depreciation, Construction | 1985 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Feb. 06, 2020 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Office Properties [Member] | 170 Park Ave | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,837 | |||
Real Estate and Accumulated Depreciation, Construction | 1998 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Feb. 02, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Office Properties [Member] | South Reno Medical Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 245 | |||
Real Estate and Accumulated Depreciation, Construction | 2004 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 28, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Office Properties [Member] | North Tampa Surgery Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 127 | |||
Real Estate and Accumulated Depreciation, Construction | 2021 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Oct. 08, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Office Properties [Member] | Kansas City Medical Office - 1203 SW 7 Highway | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 59 | |||
Real Estate and Accumulated Depreciation, Construction | 2021 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 23, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Office Properties [Member] | Kansas City Medical Office - 8600 NE 82nd Street | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 71 | |||
Real Estate and Accumulated Depreciation, Construction | 2021 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 23, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Office Properties [Member] | Sugar Land Medical Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 198 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 30, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Office Properties [Member] | Roeland Park Medical Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 164 | |||
Real Estate and Accumulated Depreciation, Construction | 2021 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 28, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Office Properties [Member] | Durham Medical Office | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 743 | |||
Real Estate and Accumulated Depreciation, Construction | 2010 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 23, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Office Properties [Member] | 9101 Stony Point Drive | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,013 | |||
Real Estate and Accumulated Depreciation, Construction | 2018 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 15, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Office Properties [Member] | Cedar Medical Center at Flagstaff | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 171 | |||
Real Estate and Accumulated Depreciation, Construction | 2022 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Apr. 29, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Office Properties [Member] | North Boston Medical Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 163 | |||
Real Estate and Accumulated Depreciation, Construction | 2017 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 28, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Office Properties [Member] | North Charlotte Medical Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 86 | |||
Real Estate and Accumulated Depreciation, Construction | 2017 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 28, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Office Properties [Member] | Grand Rapids Medical Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 50 | |||
Real Estate and Accumulated Depreciation, Construction | 2018 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jul. 21, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Office Properties [Member] | Glendale Medical Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 136 | |||
Real Estate and Accumulated Depreciation, Construction | 2018 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jul. 29, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Office Properties [Member] | 6300 Dumbarton Circle | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 128 | |||
Real Estate and Accumulated Depreciation, Construction | 1990 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 15, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Office Properties [Member] | 6500 Kaiser Drive | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 213 | |||
Real Estate and Accumulated Depreciation, Construction | 1990 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 15, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Office Properties [Member] | Greater Sacramento Medical Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 55 | |||
Real Estate and Accumulated Depreciation, Construction | 2012 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 16, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Retail Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 79,994 | |||
Retail Properties [Member] | The District at Howell Mill [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 19,498 | |||
Real Estate and Accumulated Depreciation, Construction | 2006 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 15, 2007 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Retail Properties [Member] | Grand Lakes Marketplace [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 6,547 | |||
Real Estate and Accumulated Depreciation, Construction | 2012 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 17, 2013 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Retail Properties [Member] | Oak Grove Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 169 | |||
Real Estate and Accumulated Depreciation, Construction | 2003 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jan. 17, 2014 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Retail Properties [Member] | Rancho Temecula Town Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 9,545 | |||
Real Estate and Accumulated Depreciation, Construction | 2007 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 16, 2014 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Retail Properties [Member] | Skokie Commons [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 4,045 | |||
Real Estate and Accumulated Depreciation, Construction | 2015 | |||
Real Estate and Accumulated Depreciation, Date Acquired | May 15, 2015 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Retail Properties [Member] | Whitestone Market [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 7,452 | |||
Real Estate and Accumulated Depreciation, Construction | 2003 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 30, 2015 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Retail Properties [Member] | Maui Mall [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 11,281 | |||
Real Estate and Accumulated Depreciation, Construction | 1971 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 22, 2015 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Retail Properties [Member] | Silverstone Marketplace [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 4,406 | |||
Real Estate and Accumulated Depreciation, Construction | 2015 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jul. 27, 2016 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Retail Properties [Member] | Kierland Village [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 4,276 | |||
Real Estate and Accumulated Depreciation, Construction | 2001 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 30, 2016 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Retail Properties [Member] | Timberland Town Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 4,401 | |||
Real Estate and Accumulated Depreciation, Construction | 2015 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 30, 2016 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Retail Properties [Member] | Montecito Marketplace [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 6,223 | |||
Real Estate and Accumulated Depreciation, Construction | 2007 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Aug. 08, 2017 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Retail Properties [Member] | Milford Crossing | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,784 | |||
Real Estate and Accumulated Depreciation, Construction | 2017 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jan. 29, 2020 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Retail Properties [Member] | Patterson Place | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 177 | |||
Real Estate and Accumulated Depreciation, Construction | 2010 | |||
Real Estate and Accumulated Depreciation, Date Acquired | May 31, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Retail Properties [Member] | Silverado Square | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 190 | |||
Real Estate and Accumulated Depreciation, Construction | 2018 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 01, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Retail Properties [Member] | Woodlawn Point Shopping Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 338 | |||
Real Estate and Accumulated Depreciation, Construction | 1993 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 30, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Other Property [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 5,161 | |||
Other Property [Member] | South Beach Parking Garage [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 5,161 | |||
Real Estate and Accumulated Depreciation, Construction | 2001 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jan. 28, 2014 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years |
Schedule III - Real Estate an_4
Schedule III - Real Estate and Accumulated Depreciation Table 3 (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross | $ 4,453,585 | $ 3,608,923 | $ 2,320,336 | $ 2,200,514 |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Improvements | 885,330 | 1,372,562 | 161,947 | |
Real Estate, Period Increase (Decrease) | (40,668) | (36,438) | (5,817) | |
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Other Deduction | $ 0 | $ (47,537) | $ (36,308) |
Schedule III - Real Estate an_5
Schedule III - Real Estate and Accumulated Depreciation Table 4 (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 335,216 | $ 259,362 | $ 219,833 | $ 176,236 |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Depreciation Expense | 85,007 | 49,966 | 49,134 | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Investment in Real Estate Sold | (9,153) | (3,676) | (2,118) | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Other Deduction | 0 | (1,822) | 0 | |
Other Property [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | 5,161 | |||
Retail Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | 79,994 | |||
Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | 58,760 | |||
Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | 81,089 | |||
Apartment Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | 110,212 | |||
South Beach Parking Garage [Member] | Other Property [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 5,161 | |||
Real Estate and Accumulated Depreciation, Construction | 2001 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jan. 28, 2014 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Montecito Marketplace [Member] | Retail Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 6,223 | |||
Real Estate and Accumulated Depreciation, Construction | 2007 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Aug. 08, 2017 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Milford Crossing | Retail Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,784 | |||
Real Estate and Accumulated Depreciation, Construction | 2017 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jan. 29, 2020 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Genesee Plaza1 [Member] | Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 6,691 | |||
Real Estate and Accumulated Depreciation, Construction | 1983 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jul. 02, 2019 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Fountainhead Corporate Park [Member] | Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 3,704 | |||
Real Estate and Accumulated Depreciation, Construction | 1985 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Feb. 06, 2020 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Chandler Distribution [Member] | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,541 | |||
Real Estate and Accumulated Depreciation, Construction | 2016 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 05, 2019 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Fort Worth Distribution Center | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,181 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Oct. 23, 2020 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
4993 Anson Blvd Whitestown | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 841 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 11, 2020 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
5102 E 500 South Whitestown | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,166 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 11, 2020 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Louisville Distribution Center | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 3,306 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jan. 21, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
6511 West Frye Road | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 743 | |||
Real Estate and Accumulated Depreciation, Construction | 2019 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Feb. 23, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
6565 West Frye Road | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 690 | |||
Real Estate and Accumulated Depreciation, Construction | 2019 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Feb. 23, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
6615 West Frye Road | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 661 | |||
Real Estate and Accumulated Depreciation, Construction | 2019 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Feb. 23, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
6677 West Frye Road | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 686 | |||
Real Estate and Accumulated Depreciation, Construction | 2019 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Feb. 23, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
5 National Way | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 531 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 28, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
47 National Way | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 510 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 28, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
South San Diego Distribution Center | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 3,482 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Oct. 28, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
2451 Bath Road - Elgin Distribution Center | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 609 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Nov. 16, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
1755 Britannia Drive - Elgin Distribution Center | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 319 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Nov. 16, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
South Louisville Distribution Center | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 724 | |||
Real Estate and Accumulated Depreciation, Construction | 2021 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Nov. 17, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Louisville Airport Distribution Center | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 804 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 24, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Friendship Distribution Center | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,882 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Oct. 20, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
13500 Danielson Street | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 433 | |||
Real Estate and Accumulated Depreciation, Construction | 1997 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jul. 02, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
237 Via Vera Cruz | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 331 | |||
Real Estate and Accumulated Depreciation, Construction | 1987 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jul. 02, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
4211 Starboard Drive | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 524 | |||
Real Estate and Accumulated Depreciation, Construction | 1997 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jul. 09, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
2840 Loker Ave | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 442 | |||
Real Estate and Accumulated Depreciation, Construction | 1998 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Nov. 30, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
15890 Bernardo Center | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 318 | |||
Real Estate and Accumulated Depreciation, Construction | 1991 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Nov. 30, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
170 Park Ave | Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,837 | |||
Real Estate and Accumulated Depreciation, Construction | 1998 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Feb. 02, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
South Reno Medical Center | Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 245 | |||
Real Estate and Accumulated Depreciation, Construction | 2004 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 28, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
North Tampa Surgery Center | Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 127 | |||
Real Estate and Accumulated Depreciation, Construction | 2021 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Oct. 08, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Kansas City Medical Office - 1203 SW 7 Highway | Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 59 | |||
Real Estate and Accumulated Depreciation, Construction | 2021 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 23, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Kansas City Medical Office - 8600 NE 82nd Street | Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 71 | |||
Real Estate and Accumulated Depreciation, Construction | 2021 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 23, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Sugar Land Medical Center | Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 198 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 30, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Roeland Park Medical Center | Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 164 | |||
Real Estate and Accumulated Depreciation, Construction | 2021 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 28, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Durham Medical Office | Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 743 | |||
Real Estate and Accumulated Depreciation, Construction | 2010 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 23, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
9101 Stony Point Drive | Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,013 | |||
Real Estate and Accumulated Depreciation, Construction | 2018 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 15, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Presley Uptown [Member] | Apartment Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 3,615 | |||
Real Estate and Accumulated Depreciation, Construction | 2016 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 30, 2019 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Princeton North Andover | Apartment Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 2,197 | |||
Real Estate and Accumulated Depreciation, Construction | 2019 | |||
Real Estate and Accumulated Depreciation, Date Acquired | May 03, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Preserve at the Meadows | Apartment Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,939 | |||
Real Estate and Accumulated Depreciation, Construction | 2001 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Aug. 23, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
The Rockwell | Apartment Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,977 | |||
Real Estate and Accumulated Depreciation, Construction | 2020 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Aug. 31, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Miramont Apartments | Apartment Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 2,331 | |||
Real Estate and Accumulated Depreciation, Construction | 1995 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 29, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Pinecone Apartments | Apartment Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,680 | |||
Real Estate and Accumulated Depreciation, Construction | 1993 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 29, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
The Reserve at Venice | Apartment Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,494 | |||
Real Estate and Accumulated Depreciation, Construction | 2021 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 17, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Woodside Trumbull | Apartment Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 1,999 | |||
Real Estate and Accumulated Depreciation, Construction | 2021 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Dec. 21, 2021 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Northeast Atlanta Distribution Center | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 843 | |||
Real Estate and Accumulated Depreciation, Construction | 2016 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Apr. 08, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
6635 West Frye Road | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 245 | |||
Real Estate and Accumulated Depreciation, Construction | 2019 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 08, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
6575 West Frye Road | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 315 | |||
Real Estate and Accumulated Depreciation, Construction | 2019 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 08, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
West Phoenix Distribution Center | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 475 | |||
Real Estate and Accumulated Depreciation, Construction | 2022 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 30, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Puget Sound Distribution Center | Industrial Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 87 | |||
Real Estate and Accumulated Depreciation, Construction | 2021 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Oct. 06, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Cedar Medical Center at Flagstaff | Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 171 | |||
Real Estate and Accumulated Depreciation, Construction | 2022 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Apr. 29, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
North Boston Medical Center | Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 163 | |||
Real Estate and Accumulated Depreciation, Construction | 2017 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 28, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
North Charlotte Medical Center | Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 86 | |||
Real Estate and Accumulated Depreciation, Construction | 2017 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 28, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Grand Rapids Medical Center | Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 50 | |||
Real Estate and Accumulated Depreciation, Construction | 2018 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jul. 21, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Glendale Medical Center | Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 136 | |||
Real Estate and Accumulated Depreciation, Construction | 2018 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jul. 29, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
6300 Dumbarton Circle | Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 128 | |||
Real Estate and Accumulated Depreciation, Construction | 1990 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 15, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
6500 Kaiser Drive | Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 213 | |||
Real Estate and Accumulated Depreciation, Construction | 1990 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 15, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Greater Sacramento Medical Center | Office Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 55 | |||
Real Estate and Accumulated Depreciation, Construction | 2012 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 16, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Jefferson Lake Howell | Apartment Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 2,389 | |||
Real Estate and Accumulated Depreciation, Construction | 2021 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Mar. 30, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Oak Street Lofts | Apartment Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 854 | |||
Real Estate and Accumulated Depreciation, Construction | 2019 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jul. 15, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Molly Brook on Belmont | Apartment Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 348 | |||
Real Estate and Accumulated Depreciation, Construction | 2022 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Sep. 27, 2022 | |||
US SFR II | Apartment Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 343 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Patterson Place | Retail Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 177 | |||
Real Estate and Accumulated Depreciation, Construction | 2010 | |||
Real Estate and Accumulated Depreciation, Date Acquired | May 31, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Silverado Square | Retail Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 190 | |||
Real Estate and Accumulated Depreciation, Construction | 2018 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 01, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years | |||
Woodlawn Point Shopping Center | Retail Properties [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation | $ 338 | |||
Real Estate and Accumulated Depreciation, Construction | 1993 | |||
Real Estate and Accumulated Depreciation, Date Acquired | Jun. 30, 2022 | |||
Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years | |||
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Other Deduction | $ 0 | $ (4,939) | $ (3,419) |
Uncategorized Items - jllipt-20
Label | Element | Value |
IPT Long-Term Line of Credit [Member] | Revolving Credit Facility [Member] | ||
Debt Instrument, Maturity Date Range, End | us-gaap_DebtInstrumentMaturityDateRangeEnd1 | Apr. 28, 2025 |