InvenTrust Properties (IVT) 10-Q 6 Nov 20 2020 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2020	Nov. 01, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	000-51609
Entity Registrant Name	INVENTRUST PROPERTIES CORP.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	34-2019608
Entity Address, Address Line One	3025 Highland Parkway,
Entity Address, Address Line Two	Suite 350
Entity Address, City or Town	Downers Grove,
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60515
City Area Code	(855)
Local Phone Number	377-0510
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
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		718,934,723
Entity Central Index Key	0001307748
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
No Trading Symbol Flag	true

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Investment properties
Land	$ 576,356	$ 572,353
Building and other improvements	1,634,969	1,628,486
Construction in progress	3,561	4,052
Total	2,214,886	2,204,891
Less accumulated depreciation	(279,663)	(246,702)
Net investment properties	1,935,223	1,958,189
Cash and cash equivalents	325,989	255,069
Restricted cash	1,256	5,679
Intangible assets, net	99,120	116,360
Accounts and rents receivable, net	28,623	30,194
Deferred costs and other assets, net	21,698	22,836
Total assets	2,528,615	2,507,188
Liabilities
Debt, net	655,213	572,850
Accounts payable and accrued expenses	36,620	29,804
Distributions payable	13,642	13,252
Intangible liabilities, net	36,865	42,642
Other liabilities	36,847	29,039
Total liabilities	779,187	687,587
Commitments and contingencies
Stockholders' Equity
Preferred stock, $0.001 par value, 40,000,000 shares authorized, none outstanding	0	0
Common stock, $0.001 par value, 1,460,000,000 shares authorized, 718,934,723 shares issued and outstanding as of September 30, 2020 and 720,807,884 shares issued and outstanding as of December 31, 2019.	719	721
Additional paid-in capital	5,565,773	5,568,707
Distributions in excess of accumulated net income	(3,803,266)	(3,750,884)
Accumulated comprehensive (loss) income	(13,798)	1,057
Total stockholders' equity	1,749,428	1,819,601
Total liabilities and stockholders' equity	$ 2,528,615	$ 2,507,188
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	40,000,000	40,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	1,460,000,000	1,460,000,000
Common stock, shares issued (in shares)	718,934,723	720,807,884
Common stock, shares outstanding (in shares)	718,934,723	720,807,884

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	40,000,000	40,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	1,460,000,000	1,460,000,000
Common stock, shares issued (in shares)	718,934,723	720,807,884
Common stock, shares outstanding (in shares)	718,934,723	720,807,884

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income
Lease income, net	$ 51,489	$ 56,596	$ 143,491	$ 167,708
Total income	52,545	57,997	146,622	172,146
Operating expenses
Depreciation and amortization	22,170	24,253	66,697	71,807
Property operating	6,677	8,288	19,969	23,365
Real estate taxes	8,940	9,000	24,647	27,009
General and administrative	10,106	8,379	25,688	25,788
Total operating expenses	47,893	49,920	137,001	147,969
Other (expense) income
Interest and other income, net	244	24	2,572	1,075
Interest expense, net	(4,594)	(6,077)	(14,327)	(17,182)
Loss on extinguishment of debt	0	(2,092)	(2,543)	(2,901)
Provision for asset impairment	0	(2,359)	(9,002)	(2,359)
Gain on sale of investment properties, net	424	26,781	668	32,443
Equity in earnings (losses) of unconsolidated entities	951	572	1,591	(48)
Total other (expense) income, net	(2,975)	16,849	(21,041)	11,028
Net income (loss) from continuing operations	1,677	24,926	(11,420)	35,205
Net loss from discontinued operations	0	0	0	(25,500)
Net income (loss)	$ 1,677	$ 24,926	$ (11,420)	$ 9,705
Weighted-average number of common shares outstanding, basic (in shares)	718,934,723	728,722,763	720,198,772	728,645,975
Weighted-average number of common shares outstanding, diluted (in shares)	719,568,339	729,456,722	720,198,772	729,221,226
Net income (loss) per common share, from continuing operations, basic and diluted (in dollars per share)	$ 0	$ 0.03	$ (0.02)	$ 0.05
Net loss per common share, from discontinued operations, basic and diluted (in dollars per share)	0	0	0	(0.03)
Net income (loss) per common share, basic and diluted (in dollars per share)	0	0.03	(0.02)	0.02
Distributions declared per common share outstanding (in dollars per share)	0.02	0.02	0.06	0.06
Distributions paid per common share outstanding (in dollars per share)	$ 0.02	$ 0.02	$ 0.06	$ 0.05
Comprehensive income (loss)
Net income (loss)	$ 1,677	$ 24,926	$ (11,420)	$ 9,705
Unrealized loss on derivatives	(25)	(1,587)	(16,498)	(1,903)
Reclassification to net income (loss)	1,043	(343)	1,643	(1,202)
Comprehensive income (loss)	2,695	22,996	(26,275)	6,600
Other property income
Income
Income	177	333	576	1,605
Other fee income
Income
Income	$ 879	$ 1,068	$ 2,555	$ 2,833

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Distributions in Excess of Accumulated Net Income	Accumulated Comprehensive Income (Loss)
Balance at the beginning (in shares) at Dec. 31, 2018		728,558,989
Balance at the beginning, value at Dec. 31, 2018	$ 1,852,314	$ 729	$ 5,585,758	$ (3,735,810)	$ 1,637
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (income) loss	(9,499)			(9,499)
Unrealized loss on derivatives	(112)				(112)
Reclassification to interest expense, net	(432)				(432)
Distributions declared	(13,405)			(13,405)
Stock-based compensation, net	397		397
Balance at the end (in shares) at Mar. 31, 2019		728,558,989
Balance at the end, value at Mar. 31, 2019	1,829,263	$ 729	5,586,155	(3,758,714)	1,093
Balance at the beginning (in shares) at Dec. 31, 2018		728,558,989
Balance at the beginning, value at Dec. 31, 2018	1,852,314	$ 729	5,585,758	(3,735,810)	1,637
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (income) loss	9,705
Unrealized loss on derivatives	(1,903)
Reclassification to interest expense, net	(1,202)
Balance at the end (in shares) at Sep. 30, 2019		728,722,763
Balance at the end, value at Sep. 30, 2019	1,820,943	$ 729	5,588,008	(3,766,326)	(1,468)
Balance at the beginning (in shares) at Mar. 31, 2019		728,558,989
Balance at the beginning, value at Mar. 31, 2019	1,829,263	$ 729	5,586,155	(3,758,714)	1,093
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (income) loss	(5,722)			(5,722)
Unrealized loss on derivatives	(204)				(204)
Reclassification to interest expense, net	(427)				(427)
Distributions declared	(13,408)			(13,408)
Stock-based compensation, net (in shares)		163,774
Stock-based compensation, net	1,195		1,195
Balance at the end (in shares) at Jun. 30, 2019		728,722,763
Balance at the end, value at Jun. 30, 2019	1,810,697	$ 729	5,587,350	(3,777,844)	462
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (income) loss	24,926			24,926
Unrealized loss on derivatives	(1,587)				(1,587)
Reclassification to interest expense, net	(343)				(343)
Distributions declared	(13,408)			(13,408)
Stock-based compensation, net	658		658
Balance at the end (in shares) at Sep. 30, 2019		728,722,763
Balance at the end, value at Sep. 30, 2019	1,820,943	$ 729	5,588,008	(3,766,326)	(1,468)
Balance at the beginning (in shares) at Dec. 31, 2019		720,807,884
Balance at the beginning, value at Dec. 31, 2019	1,819,601	$ 721	5,568,707	(3,750,884)	1,057
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (income) loss	(3,486)			(3,486)
Unrealized loss on derivatives	(14,141)				(14,141)
Reclassification to interest expense, net	(145)				(145)
Distributions declared	(13,678)			(13,678)
Stock-based compensation, net	201		201
Proceeds from distribution reinvestment plan (in shares)		21,249
Proceeds from distribution reinvestment plan	(229)		(229)
Balance at the end (in shares) at Mar. 31, 2020		720,829,133
Balance at the end, value at Mar. 31, 2020	1,788,123	$ 721	5,568,679	(3,768,048)	(13,229)
Balance at the beginning (in shares) at Dec. 31, 2019		720,807,884
Balance at the beginning, value at Dec. 31, 2019	1,819,601	$ 721	5,568,707	(3,750,884)	1,057
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (income) loss	(11,420)
Unrealized loss on derivatives	(16,498)
Reclassification to interest expense, net	1,643
Repurchase of common stock under share repurchase plan (in shares)		(2,136,119)
Proceeds from distribution reinvestment plan (in shares)		79,040
Balance at the end (in shares) at Sep. 30, 2020		718,934,723
Balance at the end, value at Sep. 30, 2020	1,749,428	$ 719	5,565,773	(3,803,266)	(13,798)
Balance at the beginning (in shares) at Mar. 31, 2020		720,829,133
Balance at the beginning, value at Mar. 31, 2020	1,788,123	$ 721	5,568,679	(3,768,048)	(13,229)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (income) loss	(9,611)			(9,611)
Unrealized loss on derivatives	(2,332)				(2,332)
Reclassification to interest expense, net	(742)				(742)
Reclassification to equity in (losses) earnings of unconsolidated entities	3				3
Distributions declared	(13,642)			(13,642)
Stock-based compensation, net (in shares)		183,918
Stock-based compensation, net	1,314		1,314
Repurchase of common stock under share repurchase plan (in shares)		(2,136,119)
Repurchase of common stock under share repurchase plan	(5,201)	$ (2)	(5,199)
Proceeds from distribution reinvestment plan	136		136
Balance at the end (in shares) at Jun. 30, 2020		718,934,723
Balance at the end, value at Jun. 30, 2020	1,759,532	$ 719	5,564,930	(3,791,301)	(14,816)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (income) loss	1,677			1,677
Unrealized loss on derivatives	(25)				(25)
Reclassification to interest expense, net	1,043
Reclassification to interest expense, net	1,016				1,016
Reclassification to equity in (losses) earnings of unconsolidated entities	27				27
Distributions declared	(13,642)			(13,642)
Stock-based compensation, net	843		843
Proceeds from distribution reinvestment plan (in shares)		57,791
Balance at the end (in shares) at Sep. 30, 2020		718,934,723
Balance at the end, value at Sep. 30, 2020	$ 1,749,428	$ 719	$ 5,565,773	$ (3,803,266)	$ (13,798)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net (income) loss	$ (11,420)	$ 9,705
Adjustments to reconcile net (income) loss to net cash provided by operating activities:
Depreciation and amortization	66,697	71,807
Amortization of above and below-market leases and lease inducements, net	(5,763)	(4,546)
Amortization of debt premiums, discounts and financing costs, net	1,388	1,279
Straight-line rent adjustment, net	1,039	(2,823)
Provision for estimated credit losses	7,791	869
Provision for asset impairment	9,002	2,359
Gain on sale of investment properties, net	(668)	(32,443)
Loss on extinguishment of debt	2,543	2,901
Equity in (earnings) losses of unconsolidated entities	(1,591)	48
Distributions from unconsolidated entities	3,399	6,034
Stock-based compensation, net	3,546	3,454
Provision for indemnification claims	0	25,500
Changes in operating assets and liabilities:
Accounts and rents receivable	(6,994)	(1,555)
Deferred costs and other assets	(1,116)	(2,175)
Accounts payable and accrued expenses	5,109	5,636
Other liabilities	(3,056)	139
Net cash provided by operating activities	69,906	86,189
Cash flows from investing activities:
Purchase of investment properties	(30,309)	(329,493)
Acquired in-place and market lease intangibles, net	(2,068)	(29,602)
Capital expenditures and tenant improvements	(8,644)	(14,861)
Investment in development and re-development projects	(1,817)	(5,658)
Proceeds from sale of investment properties, net	5,791	183,588
Indemnification payment related to the sale of investment properties	0	(30,000)
Proceeds from the sale of unconsolidated entity	0	30,000
Lease commissions and other leasing costs	(436)	(3,864)
Other assets	2,738	477
Other liabilities	(1,743)	(239)
Net cash used in investing activities	(36,488)	(199,652)
Cash flows from financing activities:
Common shares repurchased through share repurchase program	(5,201)	0
Proceeds from distribution reinvestment plan	185	0
Distributions to shareholders	(40,572)	(39,842)
Proceeds from debt	150,000	118,000
Payoffs of debt	(67,349)	(106,041)
Debt prepayment penalties	(2,504)	(2,692)
Principal payments of mortgage debt	(1,122)	(1,382)
Payment of finance lease liabilities	(283)	(343)
Payment of loan fees and deposits	(75)	(273)
Net cash provided by (used in) financing activities	33,079	(32,573)
Net increase (decrease) in cash, cash equivalents, and restricted cash	66,497	(146,036)
Cash, cash equivalents, and restricted cash at the beginning of the period	260,748	264,853
Cash, cash equivalents, and restricted cash at the end of the period	327,245	118,817
Interest capitalized	5	89
Reconciliation of cash, cash equivalents, and restricted cash to condensed consolidated balance sheets:
Cash, cash equivalents, and restricted cash at the end of the period	327,245	118,817
Cash flow disclosure, including non-cash activities:
Cash paid for interest, net of capitalized interest of $5 and $89, respectively	13,290	16,089
Cash paid for income taxes, net	913	504
Distributions payable to shareholders	13,642	13,408
Accrued investment in re-development projects	28	300
Accrued lease commissions and other leasing costs	203	232
Capitalized costs placed in service	6,369	7,950
Reclassification of registration statement costs incurred to equity issuance costs	278	0
Purchase of investment properties:
Net investment properties	30,515	332,449
Accounts and rents receivable, lease intangibles, and deferred costs and other assets	3,770	37,103
Accounts payable and accrued expenses, lease intangibles, and other liabilities	(1,908)	(10,457)
Cash outflow for purchase of investment properties, net	32,377	359,095
Capitalized acquisition costs	(63)	(2,334)
Credits and other changes in cash outflow, net	890	9,003
Gross acquisition price of investment properties	33,204	365,764
Sale of investment properties:
Net investment properties	5,618	153,081
Accounts and rents receivable, lease intangibles, and deferred costs and other assets	(148)	5,683
Gain on sale of investment properties, net	668	32,443
Loss on extinguishment of debt	0	(2,092)
Proceeds from sale of investment properties, net	5,791	183,588
Credits and other changes in cash inflow, net	810	6,612
Gross disposition price of investment properties	$ 6,601	$ 190,200

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Statement of Cash Flows [Abstract]
Interest capitalized	$ 5	$ 89

Organization

Organization	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization On October 4, 2004, InvenTrust Properties Corp. (the "Company") was incorporated as Inland American Real Estate Trust, Inc. as a Maryland corporation and has elected to be taxed, and currently qualifies, as a real estate investment trust ("REIT") for federal tax purposes. The Company changed its name to InvenTrust Properties Corp. in April of 2015 and is focused on owning, managing, acquiring and developing a multi-tenant retail platform. The Company is taxed and operates in a manner that will allow the Company to continue to qualify as a REIT for U.S. federal income tax purposes. So long as it maintains its qualification as a REIT, the Company generally will not be subject to U.S. federal income tax on taxable income that is distributed to stockholders. If the Company fails to continue to qualify as a REIT in any taxable year, without the benefit of certain relief provisions, the Company will be subject to U.S. federal and state income tax on its taxable income at regular corporate tax rates and will not be able to re-elect REIT status during the four years following the year of the failure. The accompanying condensed consolidated financial statements include the accounts of the Company, as well as all wholly-owned subsidiaries. Subsidiaries generally consist of limited liability companies ("LLCs") and limited partnerships ("LPs"). All significant intercompany balances and transactions have been eliminated. Each retail property is owned by a separate legal entity that maintains its own books and financial records, and each separate legal entity's assets are not available to satisfy the liabilities of other affiliated entities, except as otherwise disclosed in " Note 7. Debt ." The Company determined it has a single reportable segment, multi-tenant retail, for disclosure purposes in accordance with GAAP. The following table summarizes the Company's multi-tenant retail portfolio as of September 30, 2020 and 2019: Wholly-Owned Unconsolidated 2020 2019 2020 2019 No. of properties 55 57 10 11 Gross Leasable Area 8,329,408 9,259,678 2,470,193 2,572,892 Impact of the COVID-19 Pandemic on the Company's Financial Statements The Company's business has been, and continues to be, disrupted by the coronavirus disease 2019 ("COVID-19") pandemic. The Company continues to assess the ongoing impact of the COVID-19 pandemic on all aspects of its business, including the impact on its tenants and their ability to make future rental payments in a timely fashion or at all and the possible impairment in value of our investment properties. Under the federal legislation enacted on March 27, 2020, known as the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"), certain limitations on the deductibility of net operating losses ("NOLs") enacted under prior federal tax legislation have been temporarily rolled back. In particular, the CARES Act permits businesses to carryback NOLs generated in taxable years beginning after December 31, 2017 and before January 1, 2021 to the previous five years and temporarily suspends, until taxable years beginning after December 31, 2020, the annual limit of 80% on the amount of taxable income that NOLs generated in taxable years beginning after December 31, 2017 may offset. As a result of the anticipated NOL carryback claims for the Company's taxable REIT subsidiaries, total additional tax benefits of $1,172 have been recognized as part of interest and other income, net, on the condensed consolidated statements of operations and comprehensive income (loss) for the nine months ended September 30, 2020.

Basis of Presentation and Recen

Basis of Presentation and Recently Issued Accounting Pronouncements	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation and Recently Issued Accounting Pronouncements	Basis of Presentation and Recently Issued Accounting Pronouncements The accompanying condensed consolidated financial statements have been prepared in accordance with GAAP, which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates, judgments and assumptions are required in a number of areas, including, but not limited to, evaluating the impairment of long-lived assets, allocating the purchase price of acquired retail properties, determining the fair value of debt and evaluating the collectibility of accounts receivable. The Company bases these estimates, judgments and assumptions on historical experience and various other factors that the Company believes to be reasonable under the circumstances. Actual results may differ from these estimates. Staff Q&A, Topic 842 and Topic 840: Accounting for Lease Concessions Related to the Effects of the COVID-19 Pandemic In April 2020, the Financial Accounting Standards Board ("FASB") issued a document titled Staff Q&A, Topic 842 and Topic 840: Accounting for Lease Concessions Related to the Effects of the COVID-19 Pandemic ("FASB Q&A document"). The FASB Q&A document provides an election whereby an entity is not required to evaluate whether certain relief provided by a lessor in response to the COVID-19 pandemic is a lease modification (the "COVID-19 election"). An entity that makes this election can then either apply the modification guidance to that relief or account for the concession as if it were contemplated as part of the existing contract. This election is available for concessions related to the effects of the COVID-19 pandemic that do not result in a substantial increase in the rights of the lessor or the obligations of the lessee. The Company's adoption and application of the COVID-19 election has been included in " Note 3. Revenue Recognition ". Recently Issued Accounting Pronouncements Adopted Standard Description Date of adoption Effect on the financial statements or other significant matters ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement ASU No. 2018-13 is intended to improve the effectiveness of the disclosures required by Topic 820, Fair Value Measurement by eliminating, amending, or adding certain disclosures. Certain amendments require a prospective transition method, while others require a retrospective transition method. January 2020 The Company adopted the amendments of ASU No. 2018-13 on the applicable basis required, either prospective or retrospective. The standard only impacts fair value measurement disclosures, and therefore did not have an impact on the Company's condensed consolidated financial position, results of operations, or cash flows. ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference ASU 2020-04 is intended to provide optional guidance for a limited period of January 2020 The Company adopted ASU No. 2020-04 and has elected to apply, as of January 1, 2020, the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Operating Leases The majority of revenue recognized from the Company's retail properties is comprised of fixed and variable consideration received from tenants under long-term operating leases with varying terms. Fixed consideration generally consists of minimum lease payments for the rental of retail space while the variable consideration generally consists of reimbursements of the tenant's pro rata share of certain operating expenses incurred by the Company, including real estate taxes, special assessments, insurance, utilities, common area maintenance, management fees and certain capital repairs. Certain other tenants are subject to net leases whereby the tenant is responsible for fixed minimum lease payments to the Company, as well as directly paying all costs and expenses associated with occupancy to third party service providers. Such direct payments to third parties are not recorded as revenue and expense by the Company. Remaining lease terms range from less than one year to forty years. Minimum lease payments to be received under long-term operating leases and short-term specialty leases, excluding additional percentage rent based on tenants' sales volume and tenant reimbursements of certain operating expenses, and assuming no exercise of renewal options or early termination rights, are as follows: Minimum lease payments, by year As of September 30, 2020 2020 $ 37,210 2021 139,034 2022 120,728 2023 106,415 2024 90,402 Thereafter 314,186 Total $ 807,975 COVID-19 Election In response to receiving numerous rent relief requests, the Company has adopted the COVID-19 election, under which lease amendments providing tenants with COVID-19 related rent relief are not treated as lease modifications unless: • the total payments required by the amended lease are not substantially the same as or less than the total payments required by the original lease; or • the amended lease results in an increase to the lease term. Rent relief has most frequently been requested in the form of deferral of rental payments. A deferral affects the timing of cash receipts, but the amount of consideration is substantially the same as that required by the original lease. Under the Company's COVID-19 election, deferrals are accounted for as if no changes to the lease contract were made. Under that accounting, the Company continues to recognize rental income and increase lease receivables during the deferral period. Rent abatements or other reductions in total payments are treated as negative variable rent in the period to which the rent relates. Credit Losses The Company continues to evaluate the impact of the COVID-19 pandemic on the Company's ability to collect future lease payments under the terms of the respective leases. As the duration and severity of the COVID-19 pandemic are still uncertain and continue to evolve, significant uncertainty exists regarding the Company's provision for estimated credit losses. The Company reviews the collectibility of amounts due from its tenants on a regular basis; such reviews consider the tenant's financial condition and payment history and other economic conditions impacting the tenant. Changes in collectibility occur when the Company no longer believes it is probable that substantially all the lease payments will be collected over the term of the lease. If collection is not probable, regardless of whether the Company has entered into an amendment to provide the tenant with COVID-19 related rent relief, the lease payments will be accounted for on a cash basis, and revenue will be recorded as cash is received. If reassessed, and the collection of substantially all of the lease payments from the tenant becomes probable, the accrual basis of revenue recognition is reestablished. The provision for estimated credit losses resulting from changes in the expected collectibility of lease payments, including variable payments, is recognized as a direct adjustment to lease income on the condensed consolidated statements of operations and comprehensive income (loss), and a direct write-off of the operating lease receivables, including straight-line rent receivable, on the condensed consolidated balance sheets. The following table reflects the disaggregation of lease income, net: Three months ended September 30, Nine months ended 2020 2019 2020 2019 Minimum lease payments $ 36,115 $ 40,713 $ 108,177 $ 119,101 Tax and insurance recoveries 8,279 8,520 22,793 25,495 Common area maintenance and other recoveries 5,420 5,627 15,222 16,752 Amortization of above and below-market leases and lease inducements, net 2,915 1,628 5,763 4,546 Short-term, termination fee and other lease income 722 505 2,306 2,654 Uncollectible straight-line rent (929) (49) (2,979) 29 Uncollectible billed rent (1,033) (348) (7,791) (869) Lease income, net $ 51,489 $ 56,596 $ 143,491 $ 167,708 Other Fee Income The following table reflects the disaggregation of other fee income: Three months ended September 30, Nine months ended 2020 2019 2020 2019 Property management fees $ 536 $ 592 $ 1,549 $ 1,818 Asset management fees 271 278 827 795 Leasing commissions and other fees 72 198 179 220 Other fee income $ 879 $ 1,068 $ 2,555 $ 2,833 The Company has other fee income receivables of $271 and $460 as of September 30, 2020 and December 31, 2019, respectively.

Acquired Properties

Acquired Properties	9 Months Ended
	Sep. 30, 2020
Asset Acquisition [Abstract]
Acquired Properties	Acquired Properties The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the nine months ended September 30, 2020: Acquisition Date Property Metropolitan Area Gross Square Feet February 25, 2020 Trowbridge Crossing Atlanta, GA $ 10,950 62,600 March 10, 2020 Antoine Town Center (a) Houston, TX 22,254 110,500 $ 33,204 173,100 (a) This retail property was acquired from the Company's unconsolidated joint venture, as disclosed in "Note 6. Investment in Consolidated and Unconsolidated Entities". The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the nine months ended September 30, 2019: Acquisition Date Property Metropolitan Area Gross Square Feet January 31, 2019 Commons at University Place Raleigh, NC $ 23,250 92,000 March 20, 2019 Lakeside Winter Park and Lakeside Crossings Orlando, FL 63,500 76,000 April 30, 2019 Scofield Crossing (a) Austin, TX 3,000 64,000 May 7, 2019 Tomball Town Center Kroger Houston, TX 13,992 74,000 June 14, 2019 Sandy Plains Outparcel (b) Atlanta, GA 2,900 6,000 June 28, 2019 Shops at Fairview Town Center Dallas, TX 36,000 67,500 July 11, 2019 Southern Palm Crossing (c) Miami, FL 96,750 346,200 September 9, 2019 Travilah Square Washington, D.C. 52,272 58,300 September 13, 2019 Eldorado Marketplace Dallas, TX 70,850 189,500 September 27, 2019 Garden Village Outparcel (b) Los Angeles, CA 3,250 3,900 $ 365,764 977,400 (a) An adjacent building and tenant improvements were acquired subject to an existing ground lease. (b) The assets, liabilities and operations of the outparcels acquired are combined for presentation purposes with retail properties already owned by the Company. (c) This acquisition was made through a consolidated VIE and was used to facilitate a Reverse 1031 Exchange. During the third quarter of 2019, the title of Southern Palm Crossing transferred to the Company through the completion of and exchange with the dispositions of West Creek and Boynton Commons. Transaction costs of $63 were capitalized during the three and nine months ended September 30, 2020, and $1,416 and $2,334 were capitalized during three and nine months ended September 30, 2019, respectively.

Disposed Properties

Disposed Properties	9 Months Ended
	Sep. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Disposed Properties	Disposed Properties The following table reflects the real property disposed of during the nine months ended September 30, 2020: Disposition Date Property Metropolitan Area Square Feet Gross Gain (Loss) February 10, 2020 University Oaks Shopping Center (a) Round Rock, TX N/A $ 527 $ 357 February 12, 2020 Centerplace of Greeley (a) Greeley, CO N/A 123 100 May 1, 2020 Woodlake Crossing San Antonio, TX 160,000 5,500 (213) September 30, 2020 Eldridge Town Center (a) Houston, TX N/A 451 424 160,000 $ 6,601 $ 668 (a) The Company recognized a gain on sale related to the completion of partial condemnations at these retail properties. The following table reflects the real property disposed of during the nine months ended September 30, 2019: Disposition Date Property Metropolitan Area Square Feet Gross Gain (Loss) on Sale, net Loss on Debt April 3, 2019 Brooks Corner San Antonio, TX 173,000 $ 26,300 $ 5,531 $ (809) May 31, 2019 Silverlake Cincinnati, OH 101,000 6,650 131 — August 15, 2019 Promenade Fultondale Birmingham, AL 207,600 23,200 1,861 — August 21, 2019 Crossroads at Chesapeake Square and Chesapeake Commons Virginia Beach, VA 198,700 23,100 1,353 — September 10, 2019 West Creek Austin, TX 53,300 18,700 5,962 — September 13, 2019 Boynton Commons Miami, FL 210,300 50,000 18,405 — September 25, 2019 Quebec Square Denver, CO 207,600 42,250 (800) (2,092) 1,151,500 $ 190,200 $ 32,443 $ (2,901)

Investment in Unconsolidated En

Investment in Unconsolidated Entities	9 Months Ended
	Sep. 30, 2020
Investment in Partially Owned Entities [Abstract]
Investment in Unconsolidated Entities	Investment in Unconsolidated Entities Joint Venture Interests IAGM Retail Fund I, LLC As of September 30, 2020 and December 31, 2019, the Company owned a 55% interest in one unconsolidated entity, IAGM Retail Fund I, LLC ("IAGM"), a retail joint venture partnership between the Company and PGGM Private Real Estate Fund ("PGGM"). As of September 30, 2020 and December 31, 2019, the carrying value of the Company's investment in IAGM was $116,706 and $118,861, respectively. During the nine months ended September 30, 2019, IAGM disposed of Rockwell Plaza, a 255,000 square foot retail property, for a gross disposition price of $20,500 and recognized a provision for asset impairment of $1,443 and a loss on sale of $559. The Company's share of IAGM's provision for asset impairment was $794 and its share of the loss on sale was $307. Proceeds from the sale were used to extinguish the related $16,250 non-recourse mortgage loan. During the nine months ended September 30, 2020, IAGM prepaid a $14,872 mortgage payable on one retail property with cash on hand. During the nine months ended September 30, 2020, the Company purchased Antoine Town Center from IAGM for $22,254, a fair value determined by independent appraisal, which resulted in IAGM recognizing a gain on sale of $1,741. The Company deferred its share of IAGM's gain on sale of $958 and will amortize the gain over 30 years as an increase to equity in earnings (losses) of unconsolidated entities. During the nine months ended September 30, 2020, IAGM entered into two interest rate swap agreements to achieve fixed interest rates on debt with a variable rate of 1-Month LIBOR plus 1.55%. Each of the interest rate swaps have an effective date of April 1, 2020 and a termination date of November 2, 2023. One interest rate swap has a notional amount of $45,000 and achieves a fixed interest rate of 1.979%. The other interest rate swap has a notional amount of $30,000 and achieves a fixed interest rate of 1.956%. The Company recognizes its share of gains or losses resulting from IAGM's interest rate swaps as an adjustment to the Company's investment in IAGM and an increase or decrease in comprehensive income. As of September 30, 2020, the interest rate swaps were deemed to be liabilities of $631 on a fair value basis, of which the Company's share was $347. Combined Condensed Financial Information As of September 30, 2020 and December 31, 2019, the Company's sole joint venture interest is in IAGM. Another joint venture was disposed of in 2019. The following table presents condensed balance sheet information for IAGM. As of September 30, 2020 December 31, 2019 Assets: Real estate assets, net of accumulated depreciation $ 400,521 $ 425,585 Other assets 71,437 66,437 Total assets 471,958 492,022 Liabilities and equity: Mortgages payable, net 242,252 256,732 Other liabilities 17,368 20,765 Equity 212,338 214,525 Total liabilities and equity 471,958 492,022 Company's share of equity 117,645 118,861 Deferred gain, net of accumulated amortization of $19 (939) — Carrying value of investments in unconsolidated entities $ 116,706 $ 118,861 Combined Condensed Financial Information, continued The following table presents condensed income statement information of IAGM and the joint venture that was disposed in 2019. Three months ended Nine months ended IAGM 2020 2019 2020 2019 Total income $ 11,911 $ 13,284 $ 34,449 $ 40,037 Depreciation and amortization (3,837) (4,687) (12,495) (15,626) Property operating (2,234) (2,341) (6,057) (6,364) Real estate taxes (2,267) (2,472) (6,875) (7,433) Interest expense, net (1,744) (2,630) (5,712) (8,418) General and administrative (114) (113) (358) (358) Gain (loss) on sale of real estate, net — — 1,741 (559) Loss on debt extinguishment — — (8) — Provision for asset impairment — — — (1,443) Net income (loss) 1,715 1,041 4,685 (164) Other joint venture interest Net loss — — — (4,869) Total net income (loss) of unconsolidated entities $ 1,715 $ 1,041 $ 4,685 $ (5,033) Company's share of net income (loss) $ 943 $ 572 $ 2,530 $ (4,451) Outside basis adjustment for IAGM's sale of real estate 8 — (939) — Outside basis adjustment for other joint venture's sale of assets — — — 4,403 Equity in earnings (losses) of unconsolidated entities $ 951 $ 572 $ 1,591 $ (48) The following table summarizes the scheduled maturities of IAGM's mortgages payable as of September 30, 2020, for the remainder of 2020, each of the next four years and thereafter. Scheduled maturities by year: As of September 30, 2020 2020 $ — 2021 23,150 2022 — 2023 180,125 2024 — Thereafter 40,680 Total $ 243,955 As of September 30, 2020 and December 31, 2019, none of IAGM's mortgages payable are recourse to the Company. It is anticipated that the joint venture will be able to repay, refinance or extend all of its debt on a timely basis.

Debt

Debt	9 Months Ended
	Sep. 30, 2020
Notes and Loans Payable [Abstract]
Debt	Debt As of September 30, 2020, the Company's total debt, net was $655,213, which consists of mortgages payable, net, of $107,009, credit agreements, net, of $150,000, and unsecured term loans, net, of $398,204. The Company believes it has the ability to repay, refinance or extend any of its debt, and that it has adequate sources of funds to meet short-term cash needs related to mortgages payable. It is anticipated that the Company will use proceeds from property sales, cash on hand and available capacity on credit agreements, if any, to repay, refinance or extend the mortgages payable maturing in the near term. The Company's credit agreements and mortgage loans require compliance with certain covenants, such as debt service coverage ratios, investment restrictions and distribution limitations. As of September 30, 2020 and December 31, 2019, the Company was in compliance with all loan covenants. Mortgages Payable As of September 30, 2020 and December 31, 2019, the Company's mortgages payable, net were as follows: September 30, 2020 December 31, 2019 Mortgages payable (a) $ 107,580 $ 176,051 Discount, net of accumulated amortization (93) (121) Issuance costs, net of accumulated amortization (478) (609) Total mortgages payable, net $ 107,009 $ 175,321 (a) Mortgages payable had fixed interest rates ranging from 3.49% to 4.58%, with a weighted average interest rate of 4.07% as of September 30, 2020, and 3.49% to 5.49%, with a weighted average interest rate of 4.34% as of December 31, 2019. During the nine months ended September 30, 2020, the Company repaid $67,349 of mortgages payable on three retail properties with cash on hand. The following table summarizes the scheduled maturities of the Company's mortgages payable as of September 30, 2020 for the remainder of 2020, each of the next four years and thereafter. Scheduled maturities by year: As of September 30, 2020 2020 $ — 2021 — 2022 22,939 2023 40,311 2024 15,700 Thereafter 28,630 Total mortgage payable maturities $ 107,580 Debt issuance costs, net of accumulated amortization (478) Discount, net of accumulated amortization (93) Total mortgages payable, net $ 107,009 Credit Agreements Revolving Credit Agreement On December 21, 2018, the Company entered into an unsecured revolving credit agreement, which amended and restated the Company's prior unsecured revolving credit agreement in its entirety, and provides for a $350,000 unsecured revolving line of credit (the "Revolving Credit Agreement"). During the nine months ended September 30, 2020, the Company drew $150,000 on the Revolving Credit Agreement at an interest rate reflecting 1-Month LIBOR plus 1.05% for general corporate purposes and to increase its financial flexibility in light of the COVID-19 pandemic. The Revolving Credit Agreement has a 4-year term maturing on December 21, 2022 with two six-month extension options. As of September 30, 2020 and December 31, 2019, the Company had a total of $150,000 at an interest rate of 1.22% and no outstanding borrowings, respectively, under the Revolving Credit Agreement, and a facility fee of 0.15% based on the Company's total leverage ratio. As of September 30, 2020, the remaining capacity on the Revolving Credit Agreement was $200,000. Unsecured term loans As of September 30, 2020 and December 31, 2019, the Company had the following unsecured term loan tranches outstanding: September 30, 2020 December 31, 2019 Principal Balance Interest Principal Balance Interest Maturity Date $250.0 million 5 year - swapped to fixed rate $ 100,000 2.6795% (a) $ 100,000 2.6795% (a) December 21, 2023 $250.0 million 5 year - swapped to fixed rate 100,000 2.6795% (a) 100,000 2.6795% (a) December 21, 2023 $250.0 million 5 year - variable rate 50,000 1.3551% (b) 50,000 2.8911% (c) December 21, 2023 $150.0 million 5.5 year - swapped to fixed rate 50,000 2.6915% (a) 50,000 2.6915% (a) June 21, 2024 $150.0 million 5.5 year - swapped to fixed rate 50,000 2.6990% (a) 50,000 2.6990% (a) June 21, 2024 $150.0 million 5.5 year - variable rate 50,000 1.3551% (b) 50,000 2.8911% (c) June 21, 2024 Total unsecured term loans 400,000 400,000 Issuance costs, net of accumulated amortization (1,796) (2,471) Total unsecured term loans, net $ 398,204 $ 397,529 (a) As of September 30, 2020, the Company has four interest rate swap agreements, of which two each have a notional amount of $100,000, an effective date of December 2, 2019, a termination date of December 21, 2023, and achieve a fixed interest rate of 2.68%. The other two interest rate swap agreements each have a notional amount of $50,000, an effective date of December 2, 2019, a termination date of June 21, 2024, and achieve fixed interest rates of 2.69% and 2.70%. (b) Interest rate reflects 1-Month LIBOR plus 1.20% effective September 1, 2020. (c) Interest rate reflects 1-Month LIBOR plus 1.20% effective December 2, 2019.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Recurring Measurements The following financial instruments are remeasured at fair value on a recurring basis: Fair Value Measurements as of September 30, 2020 December 31, 2019 Cash Flow Hedges: (a) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Derivative interest rate assets (b) $ — $ — $ — $ — $ 1,057 $ — Derivative interest rate liabilities (c) — (13,798) — — — — (a) During the twelve months subsequent to September 30, 2020, an estimated $4,172 of derivative interest rate liabilities recognized in accumulated comprehensive income (loss) will be reclassified into earnings. (b) Recognized as a part of deferred costs and other assets, net, on the condensed consolidated balance sheets. (c) Recognized as a part of other liabilities on the condensed consolidated balance sheets. Level 1 At September 30, 2020 and December 31, 2019, the Company had no Level 1 recurring fair value measurements. Level 2 As of September 30, 2020 and December 31, 2019, the Company determined that the credit valuation adjustments associated with nonperformance risk are not significant to the overall valuation of its derivatives. As a result, the Company's derivative valuations in their entirety are classified as Level 2 of the fair value hierarchy. Level 3 At September 30, 2020 and December 31, 2019, the Company had no Level 3 recurring fair value measurements. Nonrecurring Measurements Investment Properties During the nine months ended September 30, 2020 , the Company identified one retail property that had a reduction in its expected holding period and recorded a provision for asset impairment of $9,002 on the condensed consolidated statement of operations and comprehensive income (loss) as a result of the fair value being lower than the property's carrying value. The Company's fair value was based on an executed sales contract. This property was disposed of on May 1, 2020. During the three and nine months ended September 30, 2019, the Company identified one retail property that had a reduction in its expected holding period and recorded a provision for asset impairment of $2,359 on the condensed consolidated statement of operations and comprehensive income (loss) as a result of the fair value being lower than the property's carrying value. The Company's fair value was based on an executed sales contract. This property was disposed of on September 25, 2019. Financial Instruments Not Measured at Fair Value The table below summarizes the estimated fair value of financial instruments presented at carrying values in the Company's condensed consolidated financial statements as of September 30, 2020 and December 31, 2019: September 30, 2020 December 31, 2019 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Mortgages payable $ 107,580 $ 107,194 $ 176,051 $ 178,937 Term loans $ 400,000 $ 400,014 $ 400,000 $ 400,020 Revolving line of credit $ 150,000 $ 150,172 $ — $ — The Company estimated the fair value of its mortgages payable using a weighted-average effective market interest rate of 4.14% and 3.71% as of September 30, 2020 and December 31, 2019, respectively. The fair value estimate of the term loans and line of credit approximate the carrying value. The assumptions reflect the terms currently available on similar borrowing terms to borrowers with credit profiles similar to that of the Company's. As a result, the Company used a weighted-average interest rate of 1.30% and 2.77% as of September 30, 2020 and December 31, 2019, respectively, to estimate the fair value of its term loans. The Company has determined that its debt instrument valuations are classified in Level 2 of the fair value hierarchy.

Earnings (Loss) per Share and E

Earnings (Loss) per Share and Equity Transactions	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Earnings (Loss) per Share and Equity Transactions	Earnings (Loss) per Share and Equity Transactions The following table reconciles the amounts used in calculating basic and diluted income (loss) per share: Three months ended Nine months ended 2020 2019 2020 2019 Numerator: Net income (loss) from continuing operations $ 1,677 $ 24,926 $ (11,420) $ 35,205 Earnings allocated to unvested restricted shares — (50) — — Net income (loss) from continuing operations attributed to common shareholders $ 1,677 $ 24,876 $ (11,420) $ 35,205 Net loss from discontinued operations attributed to common shareholders $ — $ — $ — $ (25,500) Denominator: Weighted average number of common shares outstanding - basic 718,934,723 728,722,763 720,198,772 728,645,975 Effect of unvested restricted shares (a) 633,616 733,959 — 575,251 Weighted average number of common shares outstanding - diluted 719,568,339 729,456,722 720,198,772 729,221,226 Basic and diluted income (loss) per common share: Net income (loss) from continuing operations per common share $ — $ 0.03 $ (0.02) $ 0.05 Net loss from discontinued operations per common share — — — (0.03) Net income (loss) per common share $ — $ 0.03 $ (0.02) $ 0.02 (a) For the three and nine months ended September 30, 2020, the Company has excluded the anti-dilutive effect of unvested restricted shares. On November 1, 2019, the Company adopted a Second Amended and Restated Share Repurchase Program ("SRP"), authorizing redemption of the Company's shares of common stock, subject to certain conditions and limitations, to provide limited liquidity to stockholders. The Company's obligation to repurchase any shares under the SRP was conditioned upon having sufficient funds available to complete the repurchase. The repurchase price per share for all stockholders is equal to a 25% discount to the most recent estimated Net Asset Value ('"NAV") per share of the Company's common stock established by the Company's Board of Directors (the "Board"), which was $3.14 per share as of May 1, 2019. During the nine months ended September 30, 2020, 2,136,119 shares were repurchased in connection with the SRP. On November 1, 2019, the Company began offering shares of the Company's common stock to existing stockholders pursuant to the Company's Amended and Restated Distribution Reinvestment Plan ("DRP"). Under the DRP, stockholders may elect to reinvest an amount equal to the distributions declared on their shares of common stock into additional shares of the Company's common stock in lieu of receiving cash distributions. In accordance with the DRP, participants may acquire shares of common stock at a 25% discount to the most recent estimated NAV per share of the Company's common stock established by the Board, which was $3.14 per share as of May 1, 2019. During the nine months ended September 30, 2020, 79,040 shares, were issued pursuant to the DRP. Effective July 11, 2020, the Company suspended the SRP and the DRP until further notice.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The following table presents the Company's restricted stock unit ("RSU") activity for the nine months ended September 30, 2020: Unvested Time- Unvested Performance- Weighted-Average Grant Outstanding as of January 1, 2020 1,295,691 1,389,642 $ 3.14 Shares granted 1,255,793 2,484,346 $ 3.14 Shares vested (245,224) — $ 3.14 Shares forfeited (49,742) (75,326) $ 3.14 Outstanding as of September 30, 2020 2,256,518 3,798,662 $ 3.14 On May 8, 2020, the board of directors approved a grant of time-based and performance-based RSUs under the Company's 2015 Incentive Award Plan at the most recent estimated NAV per share of $3.14 on May 1, 2019. As of September 30, 2020, there was $7,576 of total unrecognized compensation expense related to unvested stock-based compensation arrangements that will vest through December 2022. The Company recognized stock-based compensation expense of $1,598 and $3,546 for the three and nine months ended September 30, 2020, respectively, and $1,289 and $3,454 for the three and nine months ended September 30, 2019, respectively.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is subject, from time to time, to various types of third-party legal claims or litigation that arise in the ordinary course of business, including, but not limited to, property loss claims, personal injury or other damages resulting from contact with the Company's properties. These claims and lawsuits and any resulting damages are generally covered by the Company's insurance policies. The Company accrues for legal costs associated with loss contingencies when these costs are probable and reasonably estimable. While the resolution of these matters cannot be predicted with certainty, based on currently available information, management does not expect that the final outcome of any pending claims or legal proceedings will have a material adverse effect on the financial condition, results of operations or cash flows of the Company. University House Communities Group, Inc., Indemnity Claims The Company received an indemnity notice from UHC Acquisition Sub LLC ("UHC") regarding certain matters under the Stock Purchase Agreement, dated January 3, 2016, for University House Communities Group, Inc., which was sold in June 2016. The notice set forth various items for which UHC believed they were entitled to indemnification from the Company. On June 14, 2019, UHC and the Company, through various negotiations, reached a final settlement for the claims in the amount of $30,000, which was paid by the Company on June 24, 2019. During the nine months ended September 30, 2019, the Company recognized losses from discontinued operations of $25,500 related to these claims. Operating and Finance Lease Commitments The Company has non-cancelable contracts of property improvements that have been deemed to contain finance leases. In addition, the Company has non-cancelable operating leases for office space used in its business. Future minimum lease obligations as of September 30, 2020, were as follows: Minimum Lease Payments Operating Leases Finance Leases Remaining 2020 $ 149 $ 131 2021 547 408 2022 522 279 2023 536 21 2024 550 — Thereafter 53 — Total expected minimum lease obligation 2,357 839 Less: Amount representing interest (a) (247) (72) Present value of net minimum lease payments $ 2,110 $ 767 (a) Interest includes the amount necessary to reduce to present value the total expected minimum lease obligations calculated at the Company's incremental borrowing rate.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In preparing its condensed consolidated financial statements, the Company has evaluated events and transactions occurring after September 30, 2020, through the date the financial statements were issued for recognition and disclosure purposes. On October 28, 2020, the Company paid down $100,000 on the Revolving Credit Agreement using cash on hand.

Basis of Presentation and Rec_2

Basis of Presentation and Recently Issued Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Recently Issued Accounting Pronouncements Adopted	Staff Q&A, Topic 842 and Topic 840: Accounting for Lease Concessions Related to the Effects of the COVID-19 Pandemic In April 2020, the Financial Accounting Standards Board ("FASB") issued a document titled Staff Q&A, Topic 842 and Topic 840: Accounting for Lease Concessions Related to the Effects of the COVID-19 Pandemic ("FASB Q&A document"). The FASB Q&A document provides an election whereby an entity is not required to evaluate whether certain relief provided by a lessor in response to the COVID-19 pandemic is a lease modification (the "COVID-19 election"). An entity that makes this election can then either apply the modification guidance to that relief or account for the concession as if it were contemplated as part of the existing contract. This election is available for concessions related to the effects of the COVID-19 pandemic that do not result in a substantial increase in the rights of the lessor or the obligations of the lessee. The Company's adoption and application of the COVID-19 election has been included in " Note 3. Revenue Recognition ". Recently Issued Accounting Pronouncements Adopted Standard Description Date of adoption Effect on the financial statements or other significant matters ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement ASU No. 2018-13 is intended to improve the effectiveness of the disclosures required by Topic 820, Fair Value Measurement by eliminating, amending, or adding certain disclosures. Certain amendments require a prospective transition method, while others require a retrospective transition method. January 2020 The Company adopted the amendments of ASU No. 2018-13 on the applicable basis required, either prospective or retrospective. The standard only impacts fair value measurement disclosures, and therefore did not have an impact on the Company's condensed consolidated financial position, results of operations, or cash flows. ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference ASU 2020-04 is intended to provide optional guidance for a limited period of January 2020 The Company adopted ASU No. 2020-04 and has elected to apply, as of January 1, 2020, the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives.
Revenue Recognition, Operating Leases	Operating Leases The majority of revenue recognized from the Company's retail properties is comprised of fixed and variable consideration received from tenants under long-term operating leases with varying terms. Fixed consideration generally consists of minimum lease payments for the rental of retail space while the variable consideration generally consists of reimbursements of the tenant's pro rata share of certain operating expenses incurred by the Company, including real estate taxes, special assessments, insurance, utilities, common area maintenance, management fees and certain capital repairs. Certain other tenants are subject to net leases whereby the tenant is responsible for fixed minimum lease payments to the Company, as well as directly paying all costs and expenses associated with occupancy to third party service providers. Such direct payments to third parties are not recorded as revenue and expense by the Company.

Organization (Tables)

Organization (Tables)	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Multi-Tenant Retail Portfolio	The following table summarizes the Company's multi-tenant retail portfolio as of September 30, 2020 and 2019: Wholly-Owned Unconsolidated 2020 2019 2020 2019 No. of properties 55 57 10 11 Gross Leasable Area 8,329,408 9,259,678 2,470,193 2,572,892

Basis of Presentation and Rec_3

Basis of Presentation and Recently Issued Accounting Pronouncements (Tables)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Schedule of Recently Issued Accounting Pronouncements Adopted	Recently Issued Accounting Pronouncements Adopted Standard Description Date of adoption Effect on the financial statements or other significant matters ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement ASU No. 2018-13 is intended to improve the effectiveness of the disclosures required by Topic 820, Fair Value Measurement by eliminating, amending, or adding certain disclosures. Certain amendments require a prospective transition method, while others require a retrospective transition method. January 2020 The Company adopted the amendments of ASU No. 2018-13 on the applicable basis required, either prospective or retrospective. The standard only impacts fair value measurement disclosures, and therefore did not have an impact on the Company's condensed consolidated financial position, results of operations, or cash flows. ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference ASU 2020-04 is intended to provide optional guidance for a limited period of January 2020 The Company adopted ASU No. 2020-04 and has elected to apply, as of January 1, 2020, the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Summary of Minimum Lease Payments to be Received	Minimum lease payments to be received under long-term operating leases and short-term specialty leases, excluding additional percentage rent based on tenants' sales volume and tenant reimbursements of certain operating expenses, and assuming no exercise of renewal options or early termination rights, are as follows: Minimum lease payments, by year As of September 30, 2020 2020 $ 37,210 2021 139,034 2022 120,728 2023 106,415 2024 90,402 Thereafter 314,186 Total $ 807,975
Disaggregation of Lease Income, Net	The following table reflects the disaggregation of lease income, net: Three months ended September 30, Nine months ended 2020 2019 2020 2019 Minimum lease payments $ 36,115 $ 40,713 $ 108,177 $ 119,101 Tax and insurance recoveries 8,279 8,520 22,793 25,495 Common area maintenance and other recoveries 5,420 5,627 15,222 16,752 Amortization of above and below-market leases and lease inducements, net 2,915 1,628 5,763 4,546 Short-term, termination fee and other lease income 722 505 2,306 2,654 Uncollectible straight-line rent (929) (49) (2,979) 29 Uncollectible billed rent (1,033) (348) (7,791) (869) Lease income, net $ 51,489 $ 56,596 $ 143,491 $ 167,708
Disaggregation of Other Fee Income	The following table reflects the disaggregation of other fee income: Three months ended September 30, Nine months ended 2020 2019 2020 2019 Property management fees $ 536 $ 592 $ 1,549 $ 1,818 Asset management fees 271 278 827 795 Leasing commissions and other fees 72 198 179 220 Other fee income $ 879 $ 1,068 $ 2,555 $ 2,833

Acquired Properties (Tables)

Acquired Properties (Tables)	9 Months Ended
	Sep. 30, 2020
Asset Acquisition [Abstract]
Schedule of Asset Acquisitions	The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the nine months ended September 30, 2020: Acquisition Date Property Metropolitan Area Gross Square Feet February 25, 2020 Trowbridge Crossing Atlanta, GA $ 10,950 62,600 March 10, 2020 Antoine Town Center (a) Houston, TX 22,254 110,500 $ 33,204 173,100 (a) This retail property was acquired from the Company's unconsolidated joint venture, as disclosed in "Note 6. Investment in Consolidated and Unconsolidated Entities". The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the nine months ended September 30, 2019: Acquisition Date Property Metropolitan Area Gross Square Feet January 31, 2019 Commons at University Place Raleigh, NC $ 23,250 92,000 March 20, 2019 Lakeside Winter Park and Lakeside Crossings Orlando, FL 63,500 76,000 April 30, 2019 Scofield Crossing (a) Austin, TX 3,000 64,000 May 7, 2019 Tomball Town Center Kroger Houston, TX 13,992 74,000 June 14, 2019 Sandy Plains Outparcel (b) Atlanta, GA 2,900 6,000 June 28, 2019 Shops at Fairview Town Center Dallas, TX 36,000 67,500 July 11, 2019 Southern Palm Crossing (c) Miami, FL 96,750 346,200 September 9, 2019 Travilah Square Washington, D.C. 52,272 58,300 September 13, 2019 Eldorado Marketplace Dallas, TX 70,850 189,500 September 27, 2019 Garden Village Outparcel (b) Los Angeles, CA 3,250 3,900 $ 365,764 977,400 (a) An adjacent building and tenant improvements were acquired subject to an existing ground lease. (b) The assets, liabilities and operations of the outparcels acquired are combined for presentation purposes with retail properties already owned by the Company. (c) This acquisition was made through a consolidated VIE and was used to facilitate a Reverse 1031 Exchange. During the third quarter of 2019, the title of Southern Palm Crossing transferred to the Company through the completion of and exchange with the dispositions of West Creek and Boynton Commons.

Disposed Properties (Tables)

Disposed Properties (Tables)	9 Months Ended
	Sep. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups, Not Discontinued Operations, Disposal Activity	The following table reflects the real property disposed of during the nine months ended September 30, 2020: Disposition Date Property Metropolitan Area Square Feet Gross Gain (Loss) February 10, 2020 University Oaks Shopping Center (a) Round Rock, TX N/A $ 527 $ 357 February 12, 2020 Centerplace of Greeley (a) Greeley, CO N/A 123 100 May 1, 2020 Woodlake Crossing San Antonio, TX 160,000 5,500 (213) September 30, 2020 Eldridge Town Center (a) Houston, TX N/A 451 424 160,000 $ 6,601 $ 668 (a) The Company recognized a gain on sale related to the completion of partial condemnations at these retail properties. The following table reflects the real property disposed of during the nine months ended September 30, 2019: Disposition Date Property Metropolitan Area Square Feet Gross Gain (Loss) on Sale, net Loss on Debt April 3, 2019 Brooks Corner San Antonio, TX 173,000 $ 26,300 $ 5,531 $ (809) May 31, 2019 Silverlake Cincinnati, OH 101,000 6,650 131 — August 15, 2019 Promenade Fultondale Birmingham, AL 207,600 23,200 1,861 — August 21, 2019 Crossroads at Chesapeake Square and Chesapeake Commons Virginia Beach, VA 198,700 23,100 1,353 — September 10, 2019 West Creek Austin, TX 53,300 18,700 5,962 — September 13, 2019 Boynton Commons Miami, FL 210,300 50,000 18,405 — September 25, 2019 Quebec Square Denver, CO 207,600 42,250 (800) (2,092) 1,151,500 $ 190,200 $ 32,443 $ (2,901)

Investment in Unconsolidated _2

Investment in Unconsolidated Entities (Tables)	9 Months Ended
	Sep. 30, 2020
Investment in Partially Owned Entities [Abstract]
Schedule of Combined Financial Information of Investment in Unconsolidated Entities	The following table presents condensed balance sheet information for IAGM. As of September 30, 2020 December 31, 2019 Assets: Real estate assets, net of accumulated depreciation $ 400,521 $ 425,585 Other assets 71,437 66,437 Total assets 471,958 492,022 Liabilities and equity: Mortgages payable, net 242,252 256,732 Other liabilities 17,368 20,765 Equity 212,338 214,525 Total liabilities and equity 471,958 492,022 Company's share of equity 117,645 118,861 Deferred gain, net of accumulated amortization of $19 (939) — Carrying value of investments in unconsolidated entities $ 116,706 $ 118,861 Combined Condensed Financial Information, continued The following table presents condensed income statement information of IAGM and the joint venture that was disposed in 2019. Three months ended Nine months ended IAGM 2020 2019 2020 2019 Total income $ 11,911 $ 13,284 $ 34,449 $ 40,037 Depreciation and amortization (3,837) (4,687) (12,495) (15,626) Property operating (2,234) (2,341) (6,057) (6,364) Real estate taxes (2,267) (2,472) (6,875) (7,433) Interest expense, net (1,744) (2,630) (5,712) (8,418) General and administrative (114) (113) (358) (358) Gain (loss) on sale of real estate, net — — 1,741 (559) Loss on debt extinguishment — — (8) — Provision for asset impairment — — — (1,443) Net income (loss) 1,715 1,041 4,685 (164) Other joint venture interest Net loss — — — (4,869) Total net income (loss) of unconsolidated entities $ 1,715 $ 1,041 $ 4,685 $ (5,033) Company's share of net income (loss) $ 943 $ 572 $ 2,530 $ (4,451) Outside basis adjustment for IAGM's sale of real estate 8 — (939) — Outside basis adjustment for other joint venture's sale of assets — — — 4,403 Equity in earnings (losses) of unconsolidated entities $ 951 $ 572 $ 1,591 $ (48)
Contractual Obligation, Fiscal Year Maturity Schedule	The following table summarizes the scheduled maturities of IAGM's mortgages payable as of September 30, 2020, for the remainder of 2020, each of the next four years and thereafter. Scheduled maturities by year: As of September 30, 2020 2020 $ — 2021 23,150 2022 — 2023 180,125 2024 — Thereafter 40,680 Total $ 243,955

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2020
Notes and Loans Payable [Abstract]
Schedule of Debt	As of September 30, 2020 and December 31, 2019, the Company's mortgages payable, net were as follows: September 30, 2020 December 31, 2019 Mortgages payable (a) $ 107,580 $ 176,051 Discount, net of accumulated amortization (93) (121) Issuance costs, net of accumulated amortization (478) (609) Total mortgages payable, net $ 107,009 $ 175,321 (a) Mortgages payable had fixed interest rates ranging from 3.49% to 4.58%, with a weighted average interest rate of 4.07% as of September 30, 2020, and 3.49% to 5.49%, with a weighted average interest rate of 4.34% as of December 31, 2019. As of September 30, 2020 and December 31, 2019, the Company had the following unsecured term loan tranches outstanding: September 30, 2020 December 31, 2019 Principal Balance Interest Principal Balance Interest Maturity Date $250.0 million 5 year - swapped to fixed rate $ 100,000 2.6795% (a) $ 100,000 2.6795% (a) December 21, 2023 $250.0 million 5 year - swapped to fixed rate 100,000 2.6795% (a) 100,000 2.6795% (a) December 21, 2023 $250.0 million 5 year - variable rate 50,000 1.3551% (b) 50,000 2.8911% (c) December 21, 2023 $150.0 million 5.5 year - swapped to fixed rate 50,000 2.6915% (a) 50,000 2.6915% (a) June 21, 2024 $150.0 million 5.5 year - swapped to fixed rate 50,000 2.6990% (a) 50,000 2.6990% (a) June 21, 2024 $150.0 million 5.5 year - variable rate 50,000 1.3551% (b) 50,000 2.8911% (c) June 21, 2024 Total unsecured term loans 400,000 400,000 Issuance costs, net of accumulated amortization (1,796) (2,471) Total unsecured term loans, net $ 398,204 $ 397,529 (a) As of September 30, 2020, the Company has four interest rate swap agreements, of which two each have a notional amount of $100,000, an effective date of December 2, 2019, a termination date of December 21, 2023, and achieve a fixed interest rate of 2.68%. The other two interest rate swap agreements each have a notional amount of $50,000, an effective date of December 2, 2019, a termination date of June 21, 2024, and achieve fixed interest rates of 2.69% and 2.70%. (b) Interest rate reflects 1-Month LIBOR plus 1.20% effective September 1, 2020. (c) Interest rate reflects 1-Month LIBOR plus 1.20% effective December 2, 2019.
Schedule of Maturities for Outstanding Mortgage Indebtedness	The following table summarizes the scheduled maturities of the Company's mortgages payable as of September 30, 2020 for the remainder of 2020, each of the next four years and thereafter. Scheduled maturities by year: As of September 30, 2020 2020 $ — 2021 — 2022 22,939 2023 40,311 2024 15,700 Thereafter 28,630 Total mortgage payable maturities $ 107,580 Debt issuance costs, net of accumulated amortization (478) Discount, net of accumulated amortization (93) Total mortgages payable, net $ 107,009

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Quantitative Disclosure of the Fair Value for Each Major Category of Assets and Liabilities	The following financial instruments are remeasured at fair value on a recurring basis: Fair Value Measurements as of September 30, 2020 December 31, 2019 Cash Flow Hedges: (a) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Derivative interest rate assets (b) $ — $ — $ — $ — $ 1,057 $ — Derivative interest rate liabilities (c) — (13,798) — — — — (a) During the twelve months subsequent to September 30, 2020, an estimated $4,172 of derivative interest rate liabilities recognized in accumulated comprehensive income (loss) will be reclassified into earnings. (b) Recognized as a part of deferred costs and other assets, net, on the condensed consolidated balance sheets. (c) Recognized as a part of other liabilities on the condensed consolidated balance sheets.
Fair Value of Financial Instruments Presented at Carrying Values	The table below summarizes the estimated fair value of financial instruments presented at carrying values in the Company's condensed consolidated financial statements as of September 30, 2020 and December 31, 2019: September 30, 2020 December 31, 2019 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Mortgages payable $ 107,580 $ 107,194 $ 176,051 $ 178,937 Term loans $ 400,000 $ 400,014 $ 400,000 $ 400,020 Revolving line of credit $ 150,000 $ 150,172 $ — $ —

Earnings (Loss) per Share and_2

Earnings (Loss) per Share and Equity Transactions (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table reconciles the amounts used in calculating basic and diluted income (loss) per share: Three months ended Nine months ended 2020 2019 2020 2019 Numerator: Net income (loss) from continuing operations $ 1,677 $ 24,926 $ (11,420) $ 35,205 Earnings allocated to unvested restricted shares — (50) — — Net income (loss) from continuing operations attributed to common shareholders $ 1,677 $ 24,876 $ (11,420) $ 35,205 Net loss from discontinued operations attributed to common shareholders $ — $ — $ — $ (25,500) Denominator: Weighted average number of common shares outstanding - basic 718,934,723 728,722,763 720,198,772 728,645,975 Effect of unvested restricted shares (a) 633,616 733,959 — 575,251 Weighted average number of common shares outstanding - diluted 719,568,339 729,456,722 720,198,772 729,221,226 Basic and diluted income (loss) per common share: Net income (loss) from continuing operations per common share $ — $ 0.03 $ (0.02) $ 0.05 Net loss from discontinued operations per common share — — — (0.03) Net income (loss) per common share $ — $ 0.03 $ (0.02) $ 0.02 (a) For the three and nine months ended September 30, 2020, the Company has excluded the anti-dilutive effect of unvested restricted shares.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	The following table presents the Company's restricted stock unit ("RSU") activity for the nine months ended September 30, 2020: Unvested Time- Unvested Performance- Weighted-Average Grant Outstanding as of January 1, 2020 1,295,691 1,389,642 $ 3.14 Shares granted 1,255,793 2,484,346 $ 3.14 Shares vested (245,224) — $ 3.14 Shares forfeited (49,742) (75,326) $ 3.14 Outstanding as of September 30, 2020 2,256,518 3,798,662 $ 3.14

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Operating Lease Obligations	Future minimum lease obligations as of September 30, 2020, were as follows: Minimum Lease Payments Operating Leases Finance Leases Remaining 2020 $ 149 $ 131 2021 547 408 2022 522 279 2023 536 21 2024 550 — Thereafter 53 — Total expected minimum lease obligation 2,357 839 Less: Amount representing interest (a) (247) (72) Present value of net minimum lease payments $ 2,110 $ 767 (a) Interest includes the amount necessary to reduce to present value the total expected minimum lease obligations calculated at the Company's incremental borrowing rate.
Schedule of Future Minimum Finance Lease Obligations	Future minimum lease obligations as of September 30, 2020, were as follows: Minimum Lease Payments Operating Leases Finance Leases Remaining 2020 $ 149 $ 131 2021 547 408 2022 522 279 2023 536 21 2024 550 — Thereafter 53 — Total expected minimum lease obligation 2,357 839 Less: Amount representing interest (a) (247) (72) Present value of net minimum lease payments $ 2,110 $ 767 (a) Interest includes the amount necessary to reduce to present value the total expected minimum lease obligations calculated at the Company's incremental borrowing rate.

Organization (Details)

Organization (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)ft²property	Sep. 30, 2019ft²property
Entity Information [Line Items]
Income tax benefit related to the CARES Act | $	$ 1,172
Unconsolidated Retail Properties
Entity Information [Line Items]
Number of retail properties | property	10	11
Gross leasable area | ft²	2,470,193	2,572,892
Wholly-Owned Retail Properties
Entity Information [Line Items]
Number of retail properties | property	55	57
Gross leasable area | ft²	8,329,408	9,259,678

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Lessor, Lease, Description [Line Items]
Receivables from customers	$ 271	$ 460
Minimum
Lessor, Lease, Description [Line Items]
Remaining term of lease	1 year
Maximum
Lessor, Lease, Description [Line Items]
Remaining term of lease	40 years

Revenue Recognition - Minimum L

Revenue Recognition - Minimum Lease Payments to be Received (Details) $ in Thousands	Sep. 30, 2020USD ($)
As of September 30, 2020
2020	$ 37,210
2021	139,034
2022	120,728
2023	106,415
2024	90,402
Thereafter	314,186
Total	$ 807,975

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Lease Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Minimum lease payments	$ 36,115	$ 40,713	$ 108,177	$ 119,101
Lease income, net	51,489	56,596	143,491	167,708
Tax and insurance recoveries
Disaggregation of Revenue [Line Items]
Lease income, net	8,279	8,520	22,793	25,495
Common area maintenance and other recoveries
Disaggregation of Revenue [Line Items]
Lease income, net	5,420	5,627	15,222	16,752
Amortization of above and below-market leases and lease inducements, net
Disaggregation of Revenue [Line Items]
Lease income, net	2,915	1,628	5,763	4,546
Short-term, termination fee and other lease income
Disaggregation of Revenue [Line Items]
Lease income, net	722	505	2,306	2,654
Uncollectible straight-line rent
Disaggregation of Revenue [Line Items]
Lease income, net	(929)	(49)	(2,979)	29
Uncollectible billed rent
Disaggregation of Revenue [Line Items]
Lease income, net	$ (1,033)	$ (348)	$ (7,791)	$ (869)

Revenue Recognition - Disaggr_2

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Property management fees
Disaggregation of Revenue [Line Items]
Other fee income	$ 536	$ 592	$ 1,549	$ 1,818
Asset management fees
Disaggregation of Revenue [Line Items]
Other fee income	271	278	827	795
Leasing commissions and other fees
Disaggregation of Revenue [Line Items]
Other fee income	72	198	179	220
Other fee income
Disaggregation of Revenue [Line Items]
Other fee income	$ 879	$ 1,068	$ 2,555	$ 2,833

Acquired Properties - Summary o

Acquired Properties - Summary of Retail Properties Acquired (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)ft²	Sep. 30, 2019USD ($)ft²	Sep. 30, 2020USD ($)ft²	Sep. 30, 2019USD ($)ft²
Real Estate Properties [Line Items]
Capitalized acquisition costs	$ 63	$ 1,416	$ 63	$ 2,334
Wholly-Owned Retail Properties
Real Estate Properties [Line Items]
Gross Acquisition Price			$ 33,204	$ 365,764
Square Feet | ft²	173,100	977,400	173,100	977,400
Trowbridge Crossing | Wholly-Owned Retail Properties
Real Estate Properties [Line Items]
Gross Acquisition Price			$ 10,950
Square Feet | ft²	62,600		62,600
Antoine Town Center | Wholly-Owned Retail Properties
Real Estate Properties [Line Items]
Gross Acquisition Price			$ 22,254
Square Feet | ft²	110,500		110,500
Commons at University Place | Wholly-Owned Retail Properties
Real Estate Properties [Line Items]
Gross Acquisition Price				$ 23,250
Square Feet | ft²		92,000		92,000
Lakeside Winter Park and Lakeside Crossings | Wholly-Owned Retail Properties
Real Estate Properties [Line Items]
Gross Acquisition Price				$ 63,500
Square Feet | ft²		76,000		76,000
Scofield Crossing | Wholly-Owned Retail Properties
Real Estate Properties [Line Items]
Gross Acquisition Price				$ 3,000
Square Feet | ft²		64,000		64,000
Tomball Town Center Kroger | Wholly-Owned Retail Properties
Real Estate Properties [Line Items]
Gross Acquisition Price				$ 13,992
Square Feet | ft²		74,000		74,000
Sandy Plains Outparcel | Wholly-Owned Retail Properties
Real Estate Properties [Line Items]
Gross Acquisition Price				$ 2,900
Square Feet | ft²		6,000		6,000
Shops at Fairview Town Center | Wholly-Owned Retail Properties
Real Estate Properties [Line Items]
Gross Acquisition Price				$ 36,000
Square Feet | ft²		67,500		67,500
Southern Palm Crossing | Wholly-Owned Retail Properties
Real Estate Properties [Line Items]
Gross Acquisition Price				$ 96,750
Square Feet | ft²		346,200		346,200
Travilah Square | Wholly-Owned Retail Properties
Real Estate Properties [Line Items]
Gross Acquisition Price				$ 52,272
Square Feet | ft²		58,300		58,300
Eldorado Marketplace | Wholly-Owned Retail Properties
Real Estate Properties [Line Items]
Gross Acquisition Price				$ 70,850
Square Feet | ft²		189,500		189,500
Garden Village Outparcel | Wholly-Owned Retail Properties
Real Estate Properties [Line Items]
Gross Acquisition Price				$ 3,250
Square Feet | ft²		3,900		3,900

Disposed Properties - Schedule

Disposed Properties - Schedule of Disposal Groups (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)ft²	Sep. 30, 2019USD ($)ft²	Sep. 30, 2020USD ($)ft²	Sep. 30, 2019USD ($)ft²
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross Disposition Price			$ 6,601	$ 190,200
Loss on Debt Extinguishment	$ 0	$ (2,092)	$ (2,543)	$ (2,901)
Wholly-Owned Retail Properties | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²	160,000	1,151,500	160,000	1,151,500
Gross Disposition Price			$ 6,601	$ 190,200
Gain (Loss) on Sale, net			668	32,443
Loss on Debt Extinguishment				$ (2,901)
University Oaks Shopping Center | Wholly-Owned Retail Properties | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross Disposition Price			527
Gain (Loss) on Sale, net			357
Centerplace of Greeley | Wholly-Owned Retail Properties | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross Disposition Price			123
Gain (Loss) on Sale, net			$ 100
Woodlake Crossing | Wholly-Owned Retail Properties | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²	160,000		160,000
Gross Disposition Price			$ 5,500
Gain (Loss) on Sale, net			(213)
Eldridge Town Center | Wholly-Owned Retail Properties | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross Disposition Price			451
Gain (Loss) on Sale, net			$ 424
Brooks Corner | Wholly-Owned Retail Properties | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²		173,000		173,000
Gross Disposition Price				$ 26,300
Gain (Loss) on Sale, net				5,531
Loss on Debt Extinguishment				$ (809)
Silverlake | Wholly-Owned Retail Properties | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²		101,000		101,000
Gross Disposition Price				$ 6,650
Gain (Loss) on Sale, net				131
Loss on Debt Extinguishment				$ 0
Promenade Fultondale | Wholly-Owned Retail Properties | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²		207,600		207,600
Gross Disposition Price				$ 23,200
Gain (Loss) on Sale, net				1,861
Loss on Debt Extinguishment				$ 0
Crossroads at Chesapeake Square and Chesapeake Commons | Wholly-Owned Retail Properties | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²		198,700		198,700
Gross Disposition Price				$ 23,100
Gain (Loss) on Sale, net				1,353
Loss on Debt Extinguishment				$ 0
West Creek | Wholly-Owned Retail Properties | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²		53,300		53,300
Gross Disposition Price				$ 18,700
Gain (Loss) on Sale, net				5,962
Loss on Debt Extinguishment				$ 0
Boynton Commons | Wholly-Owned Retail Properties | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²		210,300		210,300
Gross Disposition Price				$ 50,000
Gain (Loss) on Sale, net				18,405
Loss on Debt Extinguishment				$ 0
Quebec Square | Wholly-Owned Retail Properties | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²		207,600		207,600
Gross Disposition Price				$ 42,250
Gain (Loss) on Sale, net				(800)
Loss on Debt Extinguishment				$ (2,092)

Investment in Unconsolidated _3

Investment in Unconsolidated Entities - Narrative (Details)	9 Months Ended
	Sep. 30, 2020USD ($)derivative_instrument	Sep. 30, 2019USD ($)ft²	Dec. 31, 2019USD ($)
Variable Interest Entity [Line Items]
Proceeds from sale of investment properties, net	$ 5,791,000	$ 183,588,000
Interest Rate Swap
Variable Interest Entity [Line Items]
Derivative liability	347,000
IAGM Retail Fund I, LLC
Variable Interest Entity [Line Items]
Gain on sale	1,741,000
Repayment of mortgage note payable on one retail property	14,872,000
Deferred gain on sale of property	$ 958,000
Equity investment basis adjustment, amortization period (in years)	30 years
IAGM Retail Fund I, LLC | Interest Rate Swap
Variable Interest Entity [Line Items]
Number of derivatives held | derivative_instrument	2
Derivative liability	$ 631,000
IAGM Retail Fund I, LLC | Interest Rate Swap | One-month LIBOR
Variable Interest Entity [Line Items]
Variable rate (percent)	1.55%
IAGM Retail Fund I, LLC | Interest Rate Swap, Effective Date April 1, 2020, 1.979% Fixed Interest
Variable Interest Entity [Line Items]
Notional amount	$ 45,000,000
Fixed interest rate	1.979%
IAGM Retail Fund I, LLC | Interest Rate Swap, Effective Date April 1, 2020, 1.956% Fixed Interest
Variable Interest Entity [Line Items]
Notional amount	$ 30,000,000
Fixed interest rate	1.956%
Retail Site
Variable Interest Entity [Line Items]
Purchase price	$ 33,204,000	365,764,000
Retail Site | Antoine Town Center
Variable Interest Entity [Line Items]
Purchase price	$ 22,254,000
Rockwell Plaza | Retail Site
Variable Interest Entity [Line Items]
Equity method investment, Impairments		794,000
Gain on sale		$ 307,000
IAGM Retail Fund I, LLC
Variable Interest Entity [Line Items]
Ownership percentage	55.00%		55.00%
Investment in unconsolidated entities	$ 116,706,000		$ 118,861,000
IAGM Retail Fund I, LLC | Rockwell Plaza | Retail Site
Variable Interest Entity [Line Items]
Square Feet | ft²		255,000
Proceeds from sale of investment properties, net		$ 20,500,000
Equity method investment, Impairments		1,443,000
Gain on sale		559,000
IAGM Retail Fund I, LLC | Rockwell Plaza | Retail Site | Mortgages Payable
Variable Interest Entity [Line Items]
Extinguishment of Debt, Amount		$ 16,250,000

Investment in Unconsolidated _4

Investment in Unconsolidated Entities - Schedule Investment in Unconsolidated Entities (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Assets
Other assets	$ 21,698						$ 21,698		$ 22,836
Total assets	2,528,615						2,528,615		2,507,188
Liabilities and equity:
Other liabilities	36,847						36,847		29,039
Equity	1,749,428	$ 1,759,532	$ 1,788,123	$ 1,820,943	$ 1,810,697	$ 1,829,263	1,749,428	$ 1,820,943	1,819,601	$ 1,852,314
Total liabilities and stockholders' equity	2,528,615						2,528,615		2,507,188
Operating expenses
Total income	52,545			57,997			146,622	172,146
Depreciation and amortization	(22,170)			(24,253)			(66,697)	(71,807)
Real estate taxes	(8,940)			(9,000)			(24,647)	(27,009)
Interest expense, net	(4,594)			(6,077)			(14,327)	(17,182)
General and administrative	(10,106)			(8,379)			(25,688)	(25,788)
Loss on extinguishment of debt	0			(2,092)			(2,543)	(2,901)
Provision for asset impairment	0			(2,359)			(9,002)	(2,359)
Net income (loss)	1,677	$ (9,611)	$ (3,486)	24,926	$ (5,722)	$ (9,499)	(11,420)	9,705
Equity in earnings (losses) of unconsolidated entities	951			572			1,591	(48)
IAGM Retail Fund I, LLC
Liabilities and equity:
Accumulated amortization	19						19
Carrying value of investments in unconsolidated entities	116,706						116,706		118,861
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Operating expenses
Net income (loss)	1,715			1,041			4,685	(5,033)
Company's share of net income (loss)	943			572			2,530	(4,451)
Equity in earnings (losses) of unconsolidated entities	951			572			1,591	(48)
Equity Method Investment, Nonconsolidated Investee or Group of Investees | IAGM Retail Fund I, LLC
Assets
Real estate assets, net of accumulated depreciation	400,521						400,521		425,585
Other assets	71,437						71,437		66,437
Total assets	471,958						471,958		492,022
Liabilities and equity:
Mortgages payable, net	242,252						242,252		256,732
Other liabilities	17,368						17,368		20,765
Equity	212,338						212,338		214,525
Total liabilities and stockholders' equity	471,958						471,958		492,022
Company's share of equity	117,645						117,645		118,861
Deferred gain, net of accumulated amortization of $19	(939)						(939)		0
Carrying value of investments in unconsolidated entities	116,706						116,706		$ 118,861
Operating expenses
Total income	11,911			13,284			34,449	40,037
Depreciation and amortization	(3,837)			(4,687)			(12,495)	(15,626)
Property operating	(2,234)			(2,341)			(6,057)	(6,364)
Real estate taxes	(2,267)			(2,472)			(6,875)	(7,433)
Interest expense, net	(1,744)			(2,630)			(5,712)	(8,418)
General and administrative	(114)			(113)			(358)	(358)
Gain (loss) on sale of real estate, net	0			0			1,741	(559)
Loss on extinguishment of debt	0			0			(8)	0
Provision for asset impairment	0			0			0	(1,443)
Net income (loss)	1,715			1,041			4,685	(164)
Outside basis adjustment for investee's sale of real estate	8			0			(939)	0
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Downtown Railyard Venture, LLC
Operating expenses
Net income (loss)	0			0			0	(4,869)
Outside basis adjustment for investee's sale of real estate	$ 0			$ 0			$ 0	$ 4,403

Investment in Unconsolidated _5

Investment in Unconsolidated Entities - Unconsolidated Entities (Details) $ in Thousands	Sep. 30, 2020USD ($)
Schedule of Debt Maturities of the Unconsolidated Entities
2020	$ 0
2021	23,150
2022	0
2023	180,125
2024	0
Thereafter	40,680
Total	$ 243,955

Debt - Narrative (Details)

Debt - Narrative (Details)	Dec. 21, 2018USD ($)option	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Debt, net		$ 655,213,000		$ 572,850,000
Repayment of mortgages payable		67,349,000	$ 106,041,000
Mortgages Payable
Debt Instrument [Line Items]
Total mortgages payable, net		107,009,000		175,321,000
Revolving Credit Facility
Debt Instrument [Line Items]
Remaining borrowing capacity		200,000,000
Revolving Credit Facility | Revolving Credit Facility, Amended and Restated
Debt Instrument [Line Items]
Debt, net		150,000,000		$ 150,000,000
Debt instrument, face amount	$ 350,000,000
Proceeds from lines of credit		$ 150,000,000
Debt instrument, term	4 years
Number of extension options | option	2
Extension option on line of credit, period	6 months
Interest rate (percentage)		1.22%		1.22%
Remaining borrowing capacity		$ 0		$ 0
Unused commitment fee (percent)		0.15%		0.15%
Revolving Credit Facility | Revolving Credit Facility, Amended and Restated | One-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (percent)		1.05%

Debt - Mortgages Payable (Detai

Debt - Mortgages Payable (Details) - Mortgages Payable - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Mortgages payable	$ 107,580	$ 176,051
Discount, net of accumulated amortization	(93)	(121)
Issuance costs, net of accumulated amortization	(478)	(609)
Total mortgages payable, net	$ 107,009	$ 175,321
Weighted average interest rate (percent)	4.07%	4.34%
Minimum
Debt Instrument [Line Items]
Stated interest rate (percent)	3.49%	3.49%
Maximum
Debt Instrument [Line Items]
Stated interest rate (percent)	4.58%	5.49%

Debt - Mortgage Maturities (Det

Debt - Mortgage Maturities (Details) - Mortgages Payable - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Schedule of maturities for outstanding mortgage indebtedness
2020	$ 0
2021	0
2022	22,939
2023	40,311
2024	15,700
Thereafter	28,630
Total mortgage payable maturities	107,580	$ 176,051
Debt issuance costs, net of accumulated amortization	(478)	(609)
Discount, net of accumulated amortization	(93)
Total mortgages payable, net	$ 107,009	$ 175,321

Debt - Line of Credit (Details)

Debt - Line of Credit (Details)	9 Months Ended
	Sep. 30, 2020USD ($)swap	Sep. 01, 2020	Dec. 31, 2019USD ($)	Dec. 02, 2019
Line of Credit Facility [Line Items]
Number of interest rate swaps | swap	4
Number of interest rate swaps to be terminated | swap	2
$250.0 million 5 year - swapped to fixed rate | Unsecured Debt | Interest Rate Swap One
Line of Credit Facility [Line Items]
Debt instrument, face amount	$ 250,000,000
Debt instrument, term	5 years
Unsecured term loans	$ 100,000,000		$ 100,000,000
Interest rate (percent)	2.6795%		2.6795%
$250.0 million 5 year - swapped to fixed rate | Unsecured Debt | Interest Rate Swap Two
Line of Credit Facility [Line Items]
Debt instrument, face amount	$ 250,000,000
Debt instrument, term	5 years
Unsecured term loans	$ 100,000,000		$ 100,000,000
Interest rate (percent)	2.6795%		2.6795%
$250.0 million 5 year - swapped to fixed rate | Unsecured Debt | Interest Rate Swap Three
Line of Credit Facility [Line Items]
Interest rate (percent)	2.68%
Notional amount	$ 100,000,000
$250.0 million 5 year - variable rate | Unsecured Debt
Line of Credit Facility [Line Items]
Debt instrument, face amount	$ 250,000,000
Debt instrument, term	5 years
Unsecured term loans	$ 50,000,000		$ 50,000,000
Interest rate (percent)	1.3551%		2.8911%
$250.0 million 5 year - variable rate | Unsecured Debt | Interest Rate Swap One | One-month LIBOR
Line of Credit Facility [Line Items]
Variable rate (percent)		1.20%		1.20%
$150.0 million 5.5 year - swapped to fixed rate | Unsecured Debt
Line of Credit Facility [Line Items]
Debt instrument, face amount	$ 150,000,000
Debt instrument, term	5 years 6 months
Unsecured term loans	$ 50,000,000		$ 50,000,000
Interest rate (percent)	2.6915%		2.6915%
$150.0 million 5.5 year - swapped to fixed rate | Unsecured Debt | Interest Rate Swap Five
Line of Credit Facility [Line Items]
Interest rate (percent)	2.69%
Number of interest rate swaps | swap	2
Notional amount	$ 50,000,000
$150.0 million 5.5 year - swapped to fixed rate | Unsecured Debt
Line of Credit Facility [Line Items]
Debt instrument, face amount	$ 150,000,000
Debt instrument, term	5 years 6 months
Unsecured term loans	$ 50,000,000		$ 50,000,000
Interest rate (percent)	2.699%		2.699%
$150.0 million 5.5 year - swapped to fixed rate | Unsecured Debt | Interest Rate Swap Six
Line of Credit Facility [Line Items]
Interest rate (percent)	2.70%
$150.0 million 5.5 year - variable rate | Unsecured Debt
Line of Credit Facility [Line Items]
Debt instrument, face amount	$ 150,000,000
Debt instrument, term	5 years 6 months
Unsecured term loans	$ 50,000,000		$ 50,000,000
Interest rate (percent)	1.3551%		2.8911%
Unsecured Term Loan | Unsecured Debt
Line of Credit Facility [Line Items]
Unsecured term loans	$ 400,000,000		$ 400,000,000
Issuance costs, net of accumulated amortization	(1,796,000)		(2,471,000)
Total mortgages payable, net	$ 398,204,000		$ 397,529,000

Fair Value Measurements - Quant

Fair Value Measurements - Quantitative Disclosure of the Fair Value for Each Major Category of Assets and Liabilities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Cash Flow Hedges:
Deferred amounts in accumulated comprehensive income (loss) that will be reclassified into earnings	$ 4,172
Recurring | Level 1
Cash Flow Hedges:
Derivative interest rate assets	0	$ 0
Derivative interest rate liabilities	0	0
Recurring | Level 2
Cash Flow Hedges:
Derivative interest rate assets	0	1,057
Derivative interest rate liabilities	(13,798)	0
Recurring | Level 3
Cash Flow Hedges:
Derivative interest rate assets	0	0
Derivative interest rate liabilities	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)property	Sep. 30, 2020USD ($)property	Sep. 30, 2019USD ($)property	Dec. 31, 2019USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of retail properties impaired | property		1	1	1
Provision for asset impairment	$ 0	$ 2,359,000	$ 9,002,000	$ 2,359,000
Mortgages Payable | Weighted Average Effective Market Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement input (percent)	0.0414		0.0414		0.0371
Line of Credit | Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement input (percent)	0.0130		0.0130		0.0277
Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurements	$ 0		$ 0		$ 0
Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurements	$ 0		$ 0		$ 0

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Financial Instruments Presented at Carrying Values (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Carrying Value
Debt Instrument [Line Items]
Mortgages payable	$ 107,580	$ 176,051
Estimated Fair Value
Debt Instrument [Line Items]
Mortgages payable	107,194	178,937
Unsecured Debt | Unsecured Term Loan | Carrying Value
Debt Instrument [Line Items]
Term loans	400,000	400,000
Unsecured Debt | Unsecured Term Loan | Estimated Fair Value
Debt Instrument [Line Items]
Term loans	400,014	400,020
Revolving Credit Facility | Revolving Credit Facility, Amended and Restated | Carrying Value
Debt Instrument [Line Items]
Term loans	150,000	0
Revolving Credit Facility | Revolving Credit Facility, Amended and Restated | Estimated Fair Value
Debt Instrument [Line Items]
Term loans	$ 150,172	$ 0

Earnings (Loss) per Share and_3

Earnings (Loss) per Share and Equity Transactions - Reconciliation of Basic and Diluted Income per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Numerator:
Net income (loss) from continuing operations	$ 1,677	$ 24,926	$ (11,420)	$ 35,205
Earnings allocated to unvested restricted shares	0	(50)	0	0
Net income (loss) from continuing operations attributed to common shareholders	1,677	24,876	(11,420)	35,205
Net loss from discontinued operations attributed to common shareholders	$ 0	$ 0	$ 0	$ (25,500)
Denominator:
Weighted average number of common shares outstanding - basic (in shares)	718,934,723	728,722,763	720,198,772	728,645,975
Effect of unvested restricted shares (in shares)	633,616	733,959	0	575,251
Weighted average number of common shares outstanding - diluted (in shares)	719,568,339	729,456,722	720,198,772	729,221,226
Basic and diluted income (loss) per common share:
Net income (loss) from continuing operations per common share (in dollars per share)	$ 0	$ 0.03	$ (0.02)	$ 0.05
Net loss from discontinued operations per common share (in dollars per share)	0	0	0	(0.03)
Net income (loss) per common share, basic and diluted (in dollars per share)	$ 0	$ 0.03	$ (0.02)	$ 0.02

Earnings (Loss) per Share and_4

Earnings (Loss) per Share and Equity Transactions - Narrative (Details) - $ / shares	May 01, 2019	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2020
Class of Stock [Line Items]
Stock repurchase program, discount (percent)	25.00%
NAV (in dollars per share)	$ 3.14
Distribution reinvestment plan (in dollars per share)	25.00%
Common Stock
Class of Stock [Line Items]
Repurchase of common stock (in shares)			2,136,119		2,136,119
Issuance of common stock under dividend reinvestment plan (in shares)		57,791		21,249	79,040

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Units Award Activity (Details)	9 Months Ended
	Sep. 30, 2020$ / sharesshares
Unvested Time- Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding as beginning (in shares)	1,295,691
Shares granted (in shares)	1,255,793
Shares vested (in shares)	(245,224)
Shares forfeited (in shares)	(49,742)
Outstanding as ending (in shares)	2,256,518
Weighted-Average Grant Date Price Per Share
Outstanding as beginning (in dollars per share) | $ / shares	$ 3.14
Shares granted (in dollars per share) | $ / shares	3.14
Shares vested (in dollars per share) | $ / shares	3.14
Shares forfeited (in dollars per share) | $ / shares	3.14
Outstanding as ending (in dollars per share) | $ / shares	$ 3.14
Unvested Performance- Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding as beginning (in shares)	1,389,642
Shares granted (in shares)	2,484,346
Shares vested (in shares)	0
Shares forfeited (in shares)	(75,326)
Outstanding as ending (in shares)	3,798,662

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	May 01, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense not yet recognized	$ 7,576		$ 7,576
Stock-based compensation expense	$ 1,598	$ 1,289	$ 3,546	$ 3,454
Unvested Time- Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average price per share (in dollars per share)	$ 3.14		$ 3.14		$ 3.14	$ 3.14

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Thousands	Jun. 24, 2019	Sep. 30, 2019
Loss Contingencies [Line Items]
Losses from discontinued operations related to these claims		$ 25,500
Settled Litigation | University House Communities Group, Inc
Loss Contingencies [Line Items]
Litigation settlement, amount awarded to other party	$ 30,000

Commitments and Contingencies_2

Commitments and Contingencies - Future Minimum Lease Payments (Details) $ in Thousands	Sep. 30, 2020USD ($)
Operating Leases
Remaining 2020	$ 149
2021	547
2022	522
2023	536
2024	550
Thereafter	53
Total expected minimum lease obligation	2,357
Less: Amount representing interest	(247)
Present value of net minimum lease payments	2,110
Finance Leases
Remaining 2020	131
2021	408
2022	279
2023	21
2024	0
Thereafter	0
Total expected minimum lease obligation	839
Less: Amount representing interest	(72)
Present value of net minimum lease payments	$ 767

Subsequent Events (Details)

Subsequent Events (Details) $ in Thousands	Oct. 28, 2020USD ($)
Subsequent Event
Subsequent Event [Line Items]
Repayments of Long-term Lines of Credit	$ 100,000

Uncategorized Items - ivtp-2020

Label	Element	Value
Business Combination, Contingent Consideration, Liability	us-gaap_BusinessCombinationContingentConsiderationLiability	$ 732,000
Business Combination, Contingent Consideration, Liability	us-gaap_BusinessCombinationContingentConsiderationLiability	2,239,000
Disposition, Accounts Payable, Acquired Lease Intangibles, and Other Liabilities	ivtp_DispositionAccountsPayableAcquiredLeaseIntangiblesandOtherLiabilities	(347,000)
Disposition, Accounts Payable, Acquired Lease Intangibles, and Other Liabilities	ivtp_DispositionAccountsPayableAcquiredLeaseIntangiblesandOtherLiabilities	$ (5,527,000)