v3.25.1
Mortgages Payable and Line of Credit - Schedule of Principal Amounts (Details)
$ in Thousands
Apr. 30, 2025
USD ($)
Schedule of Principal Amounts of Long-Term Debt [Abstract]  
2025 $ 32,445 [1],[2]
2026 35,745 [3]
2027 9,654
2028 24,521
2029 $ 26,506
[1] The $5.7 million (including deferred interest of approximately $0.2 million) pay down of the loan on the Westwood Plaza shopping center paid in May 2025 when FREIT entered into a loan extension and modification agreement with Valley National Bank.
[2] The loan on the Preakness shopping center located in Wayne, New Jersey in the amount of approximately $25 million, which has a maturity date of August 1, 2025. Management expects this loan to be extended, however, until such time as a definitive agreement providing for an extension of this loan is entered into, there can be no assurance this loan will be extended.
[3] The $10 million remaining loan balance on the Westwood Plaza shopping center loan, which per the loan extension and modification agreement the maturity date of this loan is extended for one year to May 1, 2026.