v3.26.1
Segments - Schedule of Net Operating Income of Reportable Segments (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jan. 29, 2026
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting              
Rental revenues   $ 52,548   $ 50,720   $ 104,865 $ 100,902
Total revenues   52,548   50,720   104,865 100,902
Rental expenses   12,440   11,129   25,297 22,498
Real estate taxes   4,797   5,056   9,532 9,773
Total segment operating expenses   17,237   16,185   34,829 32,271
Segment net operating income   35,311   34,535   70,036 68,631
Depreciation and amortization   (17,902)   (16,661)   (36,143) (35,691)
General and administrative expenses   (5,002)   (4,220)   (9,718) (11,375)
Acquisition, development, and other pursuit costs   (16)   (29)   (16) (83)
Impairment charges   (1,894)   0   (1,894) 0
Loss on real estate dispositions, net $ (200) (713)       (854)  
Interest income   234   263   296 492
Interest expense   (14,122)   (15,282)   (27,904) (27,719)
Equity in (loss) income of unconsolidated real estate entities   334   179   577 (1,236)
Loss on extinguishment of debt   (523)   0   (523) 0
Gain on consolidation of real estate entities   0   3,920   0 3,920
Change in fair value of derivatives and other   618   688   1,962 (61)
Unrealized credit loss provision   96   (242)   96 (242)
Other income (expense), net   3   3   16 (86)
Net income (loss) from continuing operations   (3,768)   3,638   (4,261) (2,966)
Income from discontinued operations   (14,271)   2,512   (43,797) 4,963
Income tax provision from discontinued operations   (2,996)   567   (3,359) 377
Loss from discontinued operations, net of tax   (17,267)   3,079   (47,156) 5,340
Net (loss) income   (21,035) $ (30,382) 6,717 $ (4,343) (51,417) 2,374
Prospective Development Projects              
Segment Reporting              
Impairment of real estate   1,800       1,800  
Operating Segments | Retail Real Estate              
Segment Reporting              
Rental revenues   24,388   24,147   48,885 48,111
Total revenues   24,388   24,147   48,885 48,111
Rental expenses   4,150   4,121   8,772 8,447
Real estate taxes   2,254   2,253   4,588 4,555
Total segment operating expenses   6,404   6,374   13,360 13,002
Segment net operating income   17,984   17,773   35,525 35,109
Depreciation and amortization   (7,652)   (7,420)   (15,609) (15,766)
General and administrative expenses   0   (26)   0 (59)
Acquisition, development, and other pursuit costs   0   0   0 0
Impairment charges   0       0  
Loss on real estate dispositions, net   (330)       (330)  
Interest income   9   9   17 21
Interest expense   (7,088)   (7,287)   (12,939) (12,963)
Equity in (loss) income of unconsolidated real estate entities   (17)   (33)   (23) (142)
Loss on extinguishment of debt   (274)       (274)  
Gain on consolidation of real estate entities       150     150
Change in fair value of derivatives and other   340   369   1,105 (102)
Unrealized credit loss provision   0   0   0 0
Other income (expense), net   0   5   1 5
Net income (loss) from continuing operations   2,972   3,540   7,473 6,253
Income from discontinued operations   0   0   0 0
Income tax provision from discontinued operations   0   0   0 0
Loss from discontinued operations, net of tax   0   0   0 0
Net (loss) income   2,972   3,540   7,473 6,253
Operating Segments | Office Real Estate              
Segment Reporting              
Rental revenues   24,676   23,219   48,596 46,234
Total revenues   24,676   23,219   48,596 46,234
Rental expenses   7,084   6,011   14,257 12,156
Real estate taxes   2,151   2,294   4,273 4,519
Total segment operating expenses   9,235   8,305   18,530 16,675
Segment net operating income   15,441   14,914   30,066 29,559
Depreciation and amortization   (8,788)   (8,428)   (17,691) (17,587)
General and administrative expenses   0   (64)   0 (141)
Acquisition, development, and other pursuit costs   0   0   0 0
Impairment charges   0       0  
Loss on real estate dispositions, net   (370)       (370)  
Interest income   0   (12)   0 (12)
Interest expense   (6,783)   (7,850)   (12,765) (14,309)
Equity in (loss) income of unconsolidated real estate entities   350   212   599 (1,094)
Loss on extinguishment of debt   (112)       (112)  
Gain on consolidation of real estate entities       0     0
Change in fair value of derivatives and other   278   278   857 0
Unrealized credit loss provision   0   0   0 0
Other income (expense), net   0   0   4 0
Net income (loss) from continuing operations   16   (950)   588 (3,584)
Income from discontinued operations   0   0   0 0
Income tax provision from discontinued operations   0   0   0 0
Loss from discontinued operations, net of tax   0   0   0 0
Net (loss) income   16   (950)   588 (3,584)
Other              
Segment Reporting              
Rental revenues   3,484   3,354   7,384 6,557
Total revenues   3,484   3,354   7,384 6,557
Rental expenses   1,206   997   2,268 1,895
Real estate taxes   392   509   671 699
Total segment operating expenses   1,598   1,506   2,939 2,594
Segment net operating income   1,886   1,848   4,445 3,963
Depreciation and amortization   (1,462)   (813)   (2,843) (2,338)
General and administrative expenses   (5,002)   (4,130)   (9,718) (11,175)
Acquisition, development, and other pursuit costs   (16)   (29)   (16) (83)
Impairment charges   (1,894)       (1,894)  
Loss on real estate dispositions, net   (13)       (154)  
Interest income   225   266   279 483
Interest expense   (251)   (145)   (2,200) (447)
Equity in (loss) income of unconsolidated real estate entities   1   0   1 0
Loss on extinguishment of debt   (137)       (137)  
Gain on consolidation of real estate entities       3,770     3,770
Change in fair value of derivatives and other   0   41   0 41
Unrealized credit loss provision   96   (242)   96 (242)
Other income (expense), net   3   (2)   11 (91)
Net income (loss) from continuing operations   (6,756)   1,048   (12,322) (5,635)
Income from discontinued operations   (14,271)   2,512   (43,797) 4,963
Income tax provision from discontinued operations   (2,996)   567   (3,359) 377
Loss from discontinued operations, net of tax   (17,267)   3,079   (47,156) 5,340
Net (loss) income   (24,023)   4,127   (59,478) (295)
Intercompany Eliminations | General Contracting and Real Estate Services              
Segment Reporting              
General contracting and real estate services revenues   900   4,300   1,600 7,100
General contracting and real estate services expenses   $ 900   $ 4,200   $ 1,600 $ 7,000