InvenTrust Properties (IVT) 10-K 15 Feb 22 2021 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2021	Feb. 01, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 31, 2021
Document Transition Report	false
Entity File Number	001-40896
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
Title of 12(b) Security	Common stock, $0.001 par value
Trading Symbol	IVT
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		67,344,374
Documents Incorporated by Reference	Part III incorporates by reference certain information that will be contained in InvenTrust Properties Corp.'s Proxy Statement relating to its 2022 Annual Meeting of Stockholders, which InvenTrust Properties Corp. intends to file no later than 120 days after the end of its fiscal year ended December 31, 2021, and thus these items have been omitted in accordance with General Instruction G(3) to Form 10-K.
Entity Central Index Key	0001307748
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Audit Information [Abstract]
Auditor Firm ID	185
Auditor Name	KPMG LLP
Auditor Location	Chicago, Illinois

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Investment properties
Land	$ 598,936	$ 577,750
Building and other improvements	1,664,525	1,640,693
Construction in progress	9,642	3,246
Total	2,273,103	2,221,689
Less accumulated depreciation	(350,256)	(292,248)
Net investment properties	1,922,847	1,929,441
Cash, cash equivalents and restricted cash	44,854	223,770
Investment in unconsolidated entities	107,944	109,051
Intangible assets, net	81,026	95,722
Accounts and rents receivable	30,059	28,983
Deferred costs and other assets, net	25,685	20,372
Total assets	2,212,415	2,407,339
Liabilities
Debt, net	533,082	555,109
Accounts payable and accrued expenses	36,208	28,284
Distributions payable	13,802	13,642
Intangible liabilities, net	28,995	34,872
Other liabilities	28,776	36,569
Total liabilities	640,863	668,476
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, 67,344,374 shares issued and outstanding as of December 31, 2021 and 71,998,654 shares issued and outstanding as of December 31, 2020	67	72
Additional paid-in capital	5,452,550	5,566,902
Distributions in excess of accumulated net income	(3,876,743)	(3,815,662)
Accumulated comprehensive loss	(4,322)	(12,449)
Total stockholders' equity	1,571,552	1,738,863
Total liabilities and stockholders' equity	$ 2,212,415	$ 2,407,339

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value (usd per share)	$ 0.001	$ 0.001
Preferred stock, number of shares authorized (in shares)	40,000,000	40,000,000
Preferred stock, number of shares outstanding (in shares)	0	0
Common stock, par value (usd per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	1,460,000,000	1,460,000,000
Common stock, number of shares issued (in shares)	67,344,374	71,998,654
Common stock, number of shares outstanding (in shares)	67,344,374	71,998,654

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income
Lease income, net	$ 207,350	$ 192,957	$ 220,653
Total income	211,979	197,833	226,490
Operating expenses
Depreciation and amortization	87,143	87,755	97,429
Property operating	32,788	27,909	31,944
Real estate taxes	31,312	30,845	34,232
General and administrative	38,192	33,141	35,361
Direct listing costs	19,769	0	0
Total operating expenses	209,204	179,650	198,966
Other (expense) income
Interest expense, net	(16,261)	(18,749)	(22,717)
Loss on extinguishment of debt	(400)	(2,543)	(2,901)
Gain (loss) on sale of real estate, net	0	(9,002)	(2,359)
Gain on sale of investment properties, net	1,522	1,752	62,011
Equity in earnings (losses) of unconsolidated entities	6,398	(3,141)	957
Other income and expense, net	606	3,326	1,384
Total other (expense) income, net	(8,135)	(28,357)	36,375
Net (loss) income from continuing operations	(5,360)	(10,174)	63,899
Net loss from discontinued operations	0	0	(25,500)
Net (loss) income	$ (5,360)	$ (10,174)	$ 38,399
Weighted-average common shares outstanding, basic (in shares)	71,072,933	72,040,623	72,914,406
Weighted-average common shares outstanding, diluted (in shares)	71,072,933	72,040,623	72,990,790
Net (loss) income per common share, continuing operations, basic (in dollars per share)	$ (0.08)	$ (0.14)	$ 0.88
Net (loss) income per common share, continuing operations, diluted (in dollars per share)	(0.08)	(0.14)	0.88
Net loss per common share, discontinued operations, basic (in dollars per share)	0	0	(0.35)
Net loss per common share, discontinued operations, diluted (in dollars per share)	0	0	(0.35)
Net (loss) income per common share, basic (in dollars per share)	(0.08)	(0.14)	0.53
Net (loss) income per common share, diluted (in dollars per share)	(0.08)	(0.14)	0.53
Distributions declared per common share outstanding (in dollars per share)	0.78	0.76	0.73
Distributions paid per common share outstanding (in dollars per share)	$ 0.78	$ 0.75	$ 0.73
Comprehensive income (loss)
Net (loss) income	$ (5,360)	$ (10,174)	$ 38,399
Unrealized gain (loss) on derivatives	3,795	(16,199)	816
Reclassification for amounts recognized in net (loss) income	4,332	2,693	(1,396)
Comprehensive income (loss)	2,767	(23,680)	37,819
Other property income
Income
Income	1,087	1,229	1,981
Other fee income
Income
Income	$ 3,542	$ 3,647	$ 3,856

Consolidated Statements of Equi

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 beginning of period (in shares) at Dec. 31, 2018		72,908,273
Balance beginning of period at Dec. 31, 2018	$ 1,852,307	$ 73	$ 5,586,407	$ (3,735,810)	$ 1,637
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	38,399			38,399
Unrealized gain (loss) on derivatives	816				816
Reclassification to interest expense, net	(1,396)				(1,396)
Distributions declared	(53,473)			(53,473)
Stock-based compensation, net (in shares)		76,650
Stock-based compensation, net	3,324		3,324
Repurchase of common stock under share repurchase plan (in shares)		(851,760)
Repurchase of common stock under share repurchase plan	(20,376)	$ (1)	(20,375)
Balance end of period (in shares) at Dec. 31, 2019		72,133,163
Balance end of period at Dec. 31, 2019	1,819,601	$ 72	5,569,356	(3,750,884)	1,057
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(10,174)			(10,174)
Unrealized gain (loss) on derivatives	(16,199)				(16,199)
Reclassification to interest expense, net	2,634				2,634
Reclassification to equity in losses of unconsolidated entities	59				59
Distributions declared	(54,604)			(54,604)
Stock-based compensation, net (in shares)		71,199
Stock-based compensation, net	2,840		2,840
Repurchase of common stock under share repurchase plan (in shares)		(213,612)
Repurchase of common stock under share repurchase plan	(5,201)		(5,201)
Common stock issuance costs in excess of proceeds from distribution reinvestment plan (in shares)		7,904
Common stock issuance costs in excess of proceeds from distribution reinvestment plan	(93)		(93)
Balance end of period (in shares) at Dec. 31, 2020		71,998,654
Balance end of period at Dec. 31, 2020	1,738,863	$ 72	5,566,902	(3,815,662)	(12,449)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(5,360)			(5,360)
Unrealized gain (loss) on derivatives	3,795				3,795
Reclassification to interest expense, net	4,198				4,198
Reclassification to equity in losses of unconsolidated entities	134				134
Distributions declared	(55,721)			(55,721)
Stock-based compensation, net (in shares)		101,363
Stock-based compensation, net	5,659	$ 6	5,653
Repurchase of common stock under share repurchase plan (in shares)		(755,643)
Repurchase of common stock under share repurchase plan	(16,685)	$ (7)	(16,678)
Repurchase of common stock through tender offer (in shares)		(4,000,000)
Repurchase of common stock through tender offer	(103,331)	$ (4)	(103,327)
Balance end of period (in shares) at Dec. 31, 2021		67,344,374
Balance end of period at Dec. 31, 2021	$ 1,571,552	$ 67	$ 5,452,550	$ (3,876,743)	$ (4,322)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net (loss) income	$ (5,360)	$ (10,174)	$ 38,399
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	87,143	87,755	97,429
Amortization of above and below-market leases and lease inducements, net	(4,318)	(7,060)	(6,148)
Amortization of debt premiums, discounts, and financing costs, net	1,816	1,826	1,706
Straight-line rent adjustment, net	(3,272)	(2,590)	(3,609)
Provision for asset impairment	0	9,002	2,359
Provision for estimated credit losses	2,271	11,119	1,557
Gain on sale of investment properties, net	(1,522)	(1,752)	(62,011)
Loss on extinguishment of debt	400	2,543	2,901
Equity in (earnings) losses of unconsolidated entities	(6,398)	3,141	(957)
Distributions from unconsolidated entities	8,085	6,380	8,228
Stock-based compensation, net	9,116	4,449	5,541
Provision for indemnification claims	0	0	25,500
Changes in operating assets and liabilities:
Accounts and rents receivable	257	(7,451)	(4,922)
Deferred costs and other assets, net	(1,834)	192	(1,624)
Accounts payable and accrued expenses	1,875	(1,888)	(66)
Other liabilities	1,697	(1,337)	1,725
Net cash provided by operating activities	89,956	94,155	106,008
Cash flows from investing activities:
Purchase of investment properties	(53,078)	(41,446)	(359,095)
Capital expenditures and tenant improvements	(15,361)	(12,918)	(17,754)
Investment in development and re-development projects	(5,466)	(2,189)	(7,103)
Proceeds from the sale of investment properties, net	14,807	8,027	346,707
Proceeds from the sale of unconsolidated entity	0	0	30,000
Indemnification payment related to the sale of investment properties	0	0	(30,000)
Lease commissions and other leasing costs	(4,055)	(1,391)	(5,621)
Other assets	(179)	3,096	333
Other liabilities	(1,369)	(2,239)	736
Net cash used in investing activities	(64,701)	(49,060)	(41,797)
Cash flows from financing activities:
Payment of tax withholdings for share-based compensation	(1,833)	(1,072)	(1,397)
Repurchase of common stock under share repurchase plan	(16,685)	(5,201)	(20,384)
Repurchase of common stock through tender offer	(103,331)	0	0
Proceeds from distribution reinvestment plan	0	185	0
Distributions to stockholders	(55,561)	(54,214)	(53,250)
Proceeds from debt	431,000	150,000	118,000
Payoffs of debt	(450,000)	(167,349)	(106,041)
Debt prepayment penalties	0	(2,504)	(1,834)
Principal payments on mortgage debt	(1,306)	(1,441)	(2,692)
Payment of loan fees and deposits	(6,065)	(100)	(446)
Payment of finance lease liabilities	(390)	(377)	(272)
Net cash used in financing activities	(204,171)	(82,073)	(68,316)
Net decrease in cash, cash equivalents and restricted cash	(178,916)	(36,978)	(4,105)
Cash, cash equivalents and restricted cash at beginning of year	223,770	260,748	264,853
Cash, cash equivalents and restricted cash at end of year	44,854	223,770	260,748
Supplemental disclosure of cash flow information:
Cash paid for interest, net of capitalized interest	14,570	17,256	21,259
Cash paid for income taxes, net of refunds	276	833	446
Distributions payable to stockholders	13,802	13,642	13,252
Accrued capital expenditures and tenant improvements	3,552	1,404	1,180
Capitalized costs placed in service	7,453	8,213	29,027
Gross issuance of shares for share-based compensation	5,040	3,593	4,051
Reclassification of registration statement costs incurred to equity issuance costs	0	278	0
Purchase of investment properties:
Net investment properties	45,791	37,329	332,148
Accounts and rents receivable, lease intangibles, and deferred costs and other assets	8,734	6,066	37,103
Accounts payable and accrued expenses, lease intangibles, and other liabilities	(1,447)	(1,949)	(10,156)
Cash outflow for purchase of investment properties, net	53,078	41,446	359,095
Capitalized acquisition costs	(59)	(121)	(2,334)
Credits and other changes in cash outflow, net	1,691	922	9,003
Gross acquisition price of investment properties	54,710	42,247	365,764
Sale of investment properties:
Net investment properties	10,953	6,400	286,682
Accounts and rents receivable, lease intangibles, and deferred costs and other assets	2,332	249	9,295
Accounts payable and accrued expenses, lease intangibles, and other liabilities	0	(374)	(9,189)
Gain on sale of investment properties, net	1,522	1,752	62,011
Loss on extinguishment of debt	0	0	(2,092)
Proceeds from sale of investment properties, net	14,807	8,027	346,707
Credits and other changes in cash inflow, net	174	11,093	11,093
Gross disposition price of investment properties	$ 14,981	$ 19,120	$ 357,800

Organization

Organization	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization On October 4, 2004, InvenTrust Properties Corp. (the "Company" or "InvenTrust") was incorporated as Inland American Real Estate Trust, Inc., a Maryland corporation, and has elected and operates in a manner to be taxed 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, leasing, redeveloping, acquiring and managing a multi-tenant retail platform. The accompanying 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. Each separate legal entity's assets are not available to satisfy the liabilities of other affiliated entities, except as otherwise disclosed in " Note 6. Investment in Unconsolidated Entities ". As of December 31, 2021 and 2020, the Company had an investment in one unconsolidated real estate joint venture, as disclosed in " Note 6. Investment in Unconsolidated Entities ". The Company determined it has a single reportable segment, multi-tenant retail, for disclosure purposes in accordance with United States ("U.S.") generally accepted accounting principles ("GAAP"). Unless otherwise noted, all square feet and dollar amounts are stated in thousands, except share, per share and per square foot data. Number of properties and square feet are unaudited. The following table summarizes the Company's retail portfolio as of December 31, 2021 and 2020: Wholly-Owned Unconsolidated 2021 2020 2021 2020 No. of properties 55 55 7 10 Gross Leasable Area (square feet) 8,560 8,392 1,768 2,470 New York Sock Exchange Listing and Reverse Stock Split On October 12, 2021, the Company’s shares of common stock were listed and began trading on the New York Stock Exchange ("NYSE") under the ticker symbol "IVT" (the "NYSE Listing"). On August 5, 2021, the Company effected a 1-for-10 reverse stock split of its common stock. As a result of the reverse stock split, every ten shares of issued and outstanding common stock were changed into one share of common stock, with any fractional shares being rounded up to the next higher whole share. Immediately after effecting the reverse stock split, the Company decreased the par value of each issued and outstanding share of common stock from $0.01 par value per share to $0.001 par value per share. In addition, equitable adjustments were made to the maximum number of shares of common stock that may be issued pursuant to the "Incentive Award Plan" and the maximum number of shares of common stock that may be issued upon exercise of incentive stock options under the Incentive Award Plan, in each case, to reflect the 1-for-10 reverse stock split. The number of shares of common stock subject to outstanding awards under the Incentive Award Plan, and certain performance goals applicable to such awards, have also been equitably adjusted to reflect the 1-for-10 reverse stock split. Unless otherwise noted, the share and per share information of the Company's common stock in these consolidated financial statements have been retroactively adjusted to give effect to the 1-for-10 reverse stock split for all periods presented. "Dutch Auction" Tender Offer On October 12, 2021, in conjunction with the NYSE Listing, the Company commenced a modified "Dutch Auction" tender offer (the "Tender Offer") to purchase for cash up to $100.0 million of its shares of common stock at a price not greater than $28.00 nor less than $25.00 per share, net to the seller in cash, less any applicable withholding of taxes and without interest. The Tender Offer expired on November 8, 2021. As a result of the Tender Offer, the Company accepted for purchase 4,000,000 shares of its common stock (which represented approximately 5.6% of the total number of shares of common stock outstanding as of November 8, 2021) at a purchase price of $25.00 per share, for a cost of approximately $100.0 million, excluding related fees and expenses. Aggregate fees and expenses of $3.3 million were recognized as reductions to common stock and additional paid-in capital.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies Estimates, Risks, and Uncertainties The accompanying 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 disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting 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 collectability 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. Reclassifications The Company has made certain reclassifications to the consolidated balance sheet as of December 31, 2020 to conform to the 2021 presentation, including $1,160 reported as restricted cash, now reported as cash, cash equivalents and restricted cash. Variable Interest Entities The Company evaluates its investments in LLCs and LPs to determine whether each such entity may be a variable interest entity ("VIE"). The accounting standards related to the consolidation of VIEs require qualitative assessments to determine whether the Company is the primary beneficiary. Determination of the primary beneficiary is based on whether the Company has (i) power to direct significant activities of the VIE and (ii) an obligation to absorb losses or the right to receive benefits that could be potentially significant to the VIE. The Company consolidates a VIE if it is deemed to be the primary beneficiary. The equity method of accounting is applied to entities in which the Company is not the primary beneficiary, or if the entity is not a VIE and the Company does not have control, but can exercise significant influence over the entity with respect to its operations and major decisions. As of December 31, 2021 and 2020, the Company had no VIEs. Revenue Recognition Adoption of Topic 842 In conjunction with the adoption of Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 842, Leases , ("Topic 842") on January 1, 2019, the Company elected the package of practical expedients which permitted the Company to not reassess: (1) whether any expired or existing contracts are, or contain leases; (2) the lease classification for any expired or existing leases; and (3) any initial direct costs for existing leases as of the effective date. In addition, the Company has elected to not separate lease and non-lease components for all qualifying leases. In effect, this generally relieves the Company from accounting for certain consideration under ASC 606, Revenue from Contracts with Customers ("Topic 606"). As a result of the election, all income arising from leases is presented on a combined basis as lease income, net. Lease Income 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. Minimum lease payments are recognized on a straight-line basis over the term of each lease. The cumulative difference between fixed consideration recognized on a straight-line basis and the cash payments due under the provisions of the lease agreements is recorded as deferred rent receivable and is included as a component of accounts and rents receivable. The Company records lease termination income when all conditions of a signed termination agreement have been met, the tenant is no longer occupying the property, and termination income amounts due are considered collectible. The Company defers recognition of contingent lease income until the specified target that triggers the contingent lease income is achieved. The Company commences revenue recognition on its leases when the lessee takes possession of, or controls the physical use of, the leased asset, unless the lessee is constructing improvements for which the Company is deemed to be the owner for accounting purposes. If the Company is deemed the owner for accounting purposes, the leased asset is the finished space and revenue recognition commences when the lessee takes possession of it, typically when the improvements are substantially complete. Alternatively, if the lessee is deemed to be the owner of the improvements for accounting purposes, then the leased asset is the unimproved space, and any tenant improvement allowances funded under the lease are treated as lease incentives, which reduce lease income recognized over the lease term, and the Company commences revenue recognition when the lessee takes possession of the unimproved space. The determination of who owns the tenant improvements, for accounting purposes, is based on contractual rights and subject to judgment. In making that judgment, no one factor is determinative. The Company routinely considers: • whether the lease stipulates how and on what a tenant improvement allowance may be spent; • whether the tenant is required to provide evidence supporting the cost of improvements prior to reimbursement; • whether the tenant or landlord retains legal title to the improvements; • the uniqueness of the improvements; • the expected economic life of the tenant improvements relative to the length of the lease; and • who constructs or directs the construction of the improvements. 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 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 permits 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 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 equal to or less than the total payments required by the original lease; or • the amended lease results in an increase to the lease term. 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. 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 reviews the collectability 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 collectability 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 collectability of lease payments, including variable payments, is recognized as a direct adjustment to lease income, and a direct write-off of the operating lease receivables, including straight-line rent receivable. Other Fee Income The Company recognizes other fee income when it satisfies a performance obligation relating to services provided to its joint venture partnership. The resulting receivables are settled through recurring monthly payments for the services provided over the term of the contract. The Company generally does not receive prepayments for services or recognize revenue prior to being legally entitled to payment. As a result, the Company does not generally record contract assets or contract liabilities. Property management and asset management fees are recognized over time as services are rendered to the joint venture partnership. The bundled services of the property management performance obligation and asset management performance obligation each qualify as a series of distinct services satisfied over time. The variable consideration related to each of the performance obligations is recognized in each of the periods that directly relate to the Company's efforts to provide those services. Accordingly, the Company elected the optional exemption provided by Topic 606 to not disclose information about remaining wholly unsatisfied performance obligations. The variability in timing of the property management and asset management fees, which generally relate to the fluctuation in cash receipts from tenants and potential changes in equity capitalization, are resolved on a monthly basis. For certain services, the Company acts as an agent on behalf of the customer to arrange for performance by a third party. Based on the Company's judgment, both the underlying asset management service activities and the underlying property management service activities are not distinct but are inputs (or fulfillment activities) to provide the combined output (either the overall asset management service or the overall property management service). Leasing commissions and other fees are recognized at a point in time consistent with the underlying service rendered to the joint venture partnership. The leasing performance obligation and other performance obligations are satisfied at the point in which the customer is transferred control over and consumes the benefit of the service. The uncertainty of the leasing commissions and other fees are resolved upon delivery of the underlying service. Generally, the first and second installments of leasing commissions are paid upon lease execution and rent commencement, respectively. Sale of Real Estate The Company derecognizes real estate and recognizes a gain or loss when a contract exists and control of the property has transferred to the buyer. Control of the property, including controlling financial interest, is generally considered to transfer upon closing through transfer of the legal title and possession of the property, at which point the Company recognizes a gain or loss equal to the difference between the transaction price and the carrying amount of the property. Acquisition of Real Estate The Company evaluates the inputs, processes and outputs of each asset acquired to determine if the transaction is a business combination or asset acquisition. If an acquisition qualifies as a business combination, the related transaction costs are expensed. If an acquisition qualifies as an asset acquisition, the related transaction costs are generally capitalized and amortized over the useful life of the acquired assets. Generally, our acquisitions of real estate qualify as asset acquisitions. The Company allocates the purchase price of real estate to land, building, other building improvements, tenant improvements, intangible assets and liabilities (such as the value of above- and below-market leases, in-place leases and origination costs associated with in-place leases). The values of above- and below-market leases are recorded as intangible assets and intangible liabilities, respectively, and are amortized as either a decrease (in the case of above-market leases) or an increase (in the case of below-market leases) to lease income, net over the remaining term of the associated tenant lease. The values, if any, associated with in-place leases are recorded as intangible assets and amortized to depreciation and amortization expense over the remaining lease term. The difference between the contractual rental rates and the Company's estimate of market rental rates is measured over a period equal to the remaining non-cancelable term of the leases plus the term of any below-market renewal options. For the amortization period, the remaining term of leases with renewal options at terms below market reflect the assumed exercise of such below-market renewal options, if reasonably assured. If a tenant vacates its space prior to the contractual expiration of the lease and no rental payments are being made on the lease, any unamortized balance of the related intangible asset or liability is written off. Tenant improvements are depreciated and origination costs are amortized over the remaining term of the lease or charged against earnings if the lease is terminated prior to its contractual expiration date. With the assistance of a third-party valuation specialist, the Company performs the following procedures for assets acquired: • Estimate the value of the property "as if vacant" as of the acquisition date; • Allocate the value of the property among land, building, and other building improvements and determine the associated useful life for each; • Calculate the value and associated life of above- and below-market leases on a tenant-by-tenant basis. The difference between the contractual rental rates and the Company’s estimate of market rental rates is measured over a period equal to the remaining term of the leases (using a discount rate which reflects the risks associated with the leases acquired, including geographical location, size of leased area, tenant profile and credit risk); • Estimate the fair value of the tenant improvements, legal costs and leasing commissions incurred to obtain the leases and calculate the associated useful life for each; • Estimate the fair value of assumed debt, if any; and • Estimate the intangible value of the in-place leases based on lease execution costs of similar leases as well as lost rent payments during an assumed lease-up period and their associated useful lives on a tenant-by-tenant basis. Properties Held for Sale In determining whether to classify a property as held for sale, the Company considers whether: (i) management has committed to a plan to sell the property; (ii) the property is available for immediate sale, in its present condition; (iii) the Company has initiated a program to locate a buyer; (iv) the Company believes that the sale of the property is probable; (v) the Company has received a significant non-refundable deposit for the purchase of the property; (vi) the Company is actively marketing the property for sale at a price that is reasonable in relation to its estimated fair value; and (vii) actions required for the Company to complete the plan indicate that it is unlikely that any significant changes will be made to the plan. When all criteria are met, the property is classified as held for sale and carried at the lower of cost or estimated fair value less costs to sell. Additionally, if the sale represents a strategic shift that has (or will have) a major effect on the Company's results and operations, the income and expenses for the period are classified as discontinued operations on the consolidated statements of operations and comprehensive income (loss) for all periods presented. Impairment of Long Lived Assets The Company assesses the carrying values of long-lived tangible and intangible assets whenever events or changes in circumstances indicate that they may not be fully recoverable. An example of an event or changed circumstance is a reduction in the expected hold period of a property. When such event or circumstances occur, if it is expected that the carrying value is not recoverable, because the expected undiscounted cash flows do not exceed that carrying value, the Company recognize an impairment loss to the extent that the carrying value exceeds the estimated fair value. The valuation and possible subsequent impairment of investment properties is a significant estimate that can and does change based on the Company's continuous process of analyzing each property's economic condition over time and reviewing and updating assumptions about uncertain inherent factors, including observable inputs such as contractual revenues and unobservable inputs such as forecasted revenues and expenses, estimated net disposition proceeds, and discount rate. These unobservable inputs are based on a property's market conditions and expected growth rates. Assumptions and estimates about future cash flows and capitalization rates are complex and subjective. Changes in economic and operating conditions and the Company's ultimate investment intent that occur subsequent to the impairment analyses could impact these assumptions and result in additional impairment. The Company's assessment of expected hold period for investment properties evaluated for impairment is of particular significance because of the material impact it has on the evaluation of the property's recoverability. Changes in the Company's disposition strategy or changes in the marketplace may alter the hold period of an asset or asset group which may result in an impairment loss and such loss could be material to the Company's financial condition or operating performance. Periodically, management assesses whether there are any indicators that the carrying value of the Company's investments in unconsolidated entities may be other-than-temporarily impaired. To the extent other-than-temporary impairment has occurred, the loss is measured as the excess of the carrying value of the investment over the estimated fair value of the investment. The estimated fair value of the investment is generally derived from the cash flows generated from the underlying real property investments of the investee. Real Estate Capitalization and Depreciation Real estate is reflected at cost less accumulated depreciation within investment properties on the consolidated balance sheets. Ordinary repairs and maintenance are expensed as incurred. Depreciation expense is computed using the straight-line method. A range of estimated useful lives of 15-30 years is used for buildings and other improvements, and a range of 5-20 years is used for furniture, fixtures and equipment. Finance lease right-of-use ("ROU") asset amortization is computed using the straight-line method over the lease term and included in depreciation and amortization expense. Tenant improvements are amortized on a straight-line basis over the lesser of the life of the tenant improvement or the lease term. Amortization is included in depreciation and amortization expense. Deferred leasing costs are recognized as a part of deferred costs and other assets, net and are amortized to depreciation and amortization expense over the remaining term of the associated tenant lease. Direct and indirect costs that are clearly related to the construction and improvements of investment properties are capitalized. Costs incurred for interest, property taxes and insurance are capitalized during periods in which activities necessary to prepare the property for its intended use are in progress. Cash, Cash Equivalents and Restricted Cash The Company considers all demand deposits, money market accounts and investments in certificates of deposit and repurchase agreements with a maturity of three months or less, at the date of purchase, to be cash equivalents. The Company maintains its cash and cash equivalents at financial institutions. The combined account balances at one or more institutions generally exceed the Federal Deposit Insurance Corporation ("FDIC") insurance coverage. The Company periodically assesses the credit risk associated with these financial institutions. The Company believes insignificant credit risk exists related to amounts on deposit in excess of FDIC insurance coverage. The Company had restricted cash of $7,865 and $1,160 as of December 31, 2021 and 2020, respectively. Restricted cash often consists of lenders’ escrows, operating real estate escrows for taxes, insurance, capital expenditures and payments required under certain lease agreements, and funds restricted through lender or other agreements, including funds held in escrow for future acquisitions. Fair Value Measurements In accordance with FASB ASC 820, Fair Value Measurement and Disclosures ("Topic 820"), the Company defines fair value based on the price that would be received upon sale of an asset or the exit price that would be paid to transfer or settle a liability in an orderly transaction between market participants at the measurement date. The Company uses a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value. The fair value hierarchy consists of the three broad levels described below: • Level 1 - Quoted prices in active markets for identical assets or liabilities that the entity has the ability to access. • Level 2 - Observable inputs, other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The Company has estimated the fair value of its financial instruments and non-financial assets using available market information and valuation methodologies the Company believes to be appropriate for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates and, accordingly, they are not necessarily indicative of amounts that would be realized upon disposition. The carrying amounts of cash, cash equivalents and restricted cash, accounts and rents receivables, other assets, accounts payable, accrued expenses and other liabilities reasonably approximate fair value, in management’s judgment, because of their short-term nature. Fair value information pertaining to derivative financial instruments, investment properties, investments in unconsolidated entities and debt is provided in "Note 9. Fair Value Measurements" . Derivative Instruments In the normal course of business, the Company is exposed to the effect of interest rate changes. The Company's objective in using interest rate derivatives is to manage its exposure to interest rate movements and add stability to interest expense. To accomplish this objective, the Company uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable rate amounts from a counterparty in exchange for the Company making fixed rate payments over the life of the agreement without exchange of the underlying notional amount. The Company has a policy of only entering into contracts with established financial institutions based upon their credit ratings and other factors. When viewed in conjunction with the underlying and offsetting exposure that the derivatives are designed to hedge, the Company has not sustained a material loss from those instruments, nor does it anticipate any material adverse effect on its net income or financial position in the future from the use of derivatives. The Company recognizes all derivatives on the consolidated balance sheets at fair value. Additionally, changes in fair value will affect either equity or earnings depending on whether the derivative instruments qualify as a hedge for accounting purposes and, if so, the nature of the hedging activity. When the underlying transaction is terminated or completed, all changes in the fair value of the instrument are marked-to-market with changes in value included in earnings each period until the instrument matures. Any derivative instrument used for risk management that does not meet the criteria for hedge accounting is marked-to-market each period in earnings. The Company does not use derivatives for trading or speculative purposes. Income Taxes The Company has elected and operates in a manner to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the "Code") for federal income tax purposes commencing with the tax year ended December 31, 2005. To qualify as a REIT, the Company is generally required to distribute at least 90% of its REIT taxable income (subject to certain adjustments) to its stockholders each year (the "90% Distribution Requirement"). As a REIT, the Company is entitled to a tax deduction for some or all of the dividends paid to stockholders. Accordingly, the Company generally will not be subject to federal income taxes as long as it currently distributes to stockholders an amount equal to or in excess of the Company's taxable income. If the Company fails to qualify as a REIT in any taxable year, without the benefit of certain relief provisions, the Company will be subject to federal and state income tax on its taxable income at regular corporate tax rates. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income, property or net worth and federal income and excise taxes on its undistributed income. From time to time, the Company may elect to treat certain of its consolidated subsidiaries as taxable REIT subsidiaries ("TRSs") pursuant to the Code. Among other activities, TRSs may participate in non-real estate related activities and/or perform non-customary services for tenants and are subject to federal and state income tax at regular corporate tax rates. Income tax expense or benefit is recognized as a part of other income and expense, net. During the year ended December 31, 2021, the Company did not have any operations within TRSs. During the year ended December 31, 2020, the Company either revoked the TRS elections or dissolved the legal entities for any of its consolidated subsidiaries that were TRSs. Income tax expense for the year ended December 31, 2021 generally pertains to Texas margin tax. Income tax expense for the years ended December 31, 2020 and 2019 is generally comprised of federal and state taxes paid by consolidated TRSs and certain state taxes paid by the Company. 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. As a result of the anticipated NOL carryback claims for the Company's TRSs, total additional tax benefits of $1,172 were recognized as a part of other income and expense, net during the year ended December 31, 2020. The Company has accrued no material interest or penalties relating to income taxes. As of December 31, 2021, the Company's 2020, 2019, and 2018 tax years remain subject to examination by U.S. and various state tax jurisdictions. Share-Based Compensation As of December 31, 2021, the Company has one share-based compensation plan under which time-based restricted stock units ("RSUs") and performance-based RSUs have been issued with tandem dividend equivalents. Compensation expense related to these awards, which are generally equity classified, and the tandem dividend equivalent cash payments are recognized as a part of general and administrative expense. Time-based awards are generally measured at grant date fair value and not subsequently re-measured. Compensation expense related to these awards is recognized on a straight-line basis over the vesting period. Performance-based awards are measured at grant date fair value and each grantee is eligible to vest in a number of RSUs ranging from 0% to 100% of the total number granted based on specified performance levels. For awards with a performance condition, compensation cost is recognized when the performance condition is considered probable of achievement. If a performance award has more than one potential outcome, recognition of compensation cost is based on the most likely outcome. During the service period, a cumulative catch-up approach is used to account for changes in the assessment of which outcome is most likely to occur. Absent a change in the determination of the most likely outcome, compensation expense related to these awards would be recognized on a straight-line basis from the grant date through the vesting date. Forfeitures of awards are recognized as they occur. Recently Issued Accounting Pronouncements Adopted Standard Description Date of adoption Effect on the financial statements or other significant matters ASU No. 2021-01, Reference Rate Reform (Topic 848): Scope ASU 2021-01 is intended to clarify that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. Topic 848 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. Application of these expedients, which may be elected over time as reference rate reform activities occur, preserves the presentation of derivatives consistent with past presentation. January 2021 The Company's adoption of ASU No. 2021-01 did not result in any incremental elections under Topic 848 regarding cash flow hedges. The Company continues to evaluate the guidance of Topic 848 and expects that its application will not change its presentation of derivatives as cash flow hedges. Other recently issued accounting standards or pronouncements not disclosed in the foregoing tables have been excluded because they are either not relevant to the Company, or are not expected to have, or did not have, a material effect on the consolidated financial statements of the Company.

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Operating Leases 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: For the year ending December 31, As of December 31, 2021 2022 $ 151,695 2023 139,212 2024 123,513 2025 106,443 2026 91,175 Thereafter 257,841 Total $ 869,879 The table above includes payments from tenants who have taken possession of their space and tenants who have been moved to the cash basis of accounting for revenue recognition purposes. The remaining lease terms range from less than one year to seventy-seven years. The following table reflects the disaggregation of lease income, net: Year Ended December 31, 2021 2020 2019 Minimum base rent $ 128,716 $ 127,630 $ 139,827 Real estate tax recoveries 27,874 27,898 31,484 Common area maintenance, insurance, and other recoveries 23,948 21,842 24,187 Ground rent income 13,167 12,976 13,789 Above and below-market rent and lease inducement amortization, net 4,318 7,060 6,148 Short-term and other lease income 3,378 2,825 2,094 Termination fee income 406 1,255 1,217 Straight-line rent adjustment, net 3,272 2,590 3,464 Provision for uncollectible straight-line rent (468) (3,214) (145) Provision for uncollectible billed rent and recoveries (2,264) (9,212) (1,722) Reversal of uncollectible billed rent and recoveries 5,003 1,307 310 Lease income, net $ 207,350 $ 192,957 $ 220,653 As of December 31, 2021, the Company had granted approximately $5,339 on a cumulative basis of rental payment deferrals, with contractual payment terms through the year ending December 31, 2023. During the year ended December 31, 2021, deferred rental payments of $4,973 became due of which the Company has collected $4,858 as of December 31, 2021. Other Fee Income Other fee income is derived from services provided to the Company's unconsolidated real estate joint venture and therefore deemed to be related party transactions. The property management, asset management, leasing and other services are provided over the term of the contract which has a remaining original duration through 2023. The Company had receivables of $215 and $327 as of December 31, 2021 and 2020, respectively, which are included in deferred costs and other assets, net. The following table reflects the disaggregation of other fee income: Timing of Satisfaction of Year Ended December 31, 2021 2020 2019 Property management fee Over time $ 1,952 $ 2,093 $ 2,421 Asset management fee Over time 1,128 1,098 1,074 Leasing commissions and other fees Point in time 462 456 361 Other fee income $ 3,542 $ 3,647 $ 3,856

Acquired Properties

Acquired Properties	12 Months Ended
	Dec. 31, 2021
Asset Acquisition [Abstract]
Acquired Properties	Acquired Properties The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the year ended December 31, 2021: Acquisition Date Property Metropolitan Area Gross Square Feet July 12, 2021 Prestonwood Town Center (a) Dallas, TX $ 52,800 233 September 2, 2021 Rio Pinar Plaza - Outparcel (b) Orlando, FL 1,910 7 $ 54,710 240 (a) This retail property was acquired from the Company's unconsolidated joint venture. See "Note 6. Investment in Unconsolidated Entities". (b) The assets, liabilities and operations of the outparcel acquired were combined for presentation purposes with a retail property already owned by the Company. The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the year ended December 31, 2020: Acquisition Date Property Metropolitan Area Gross Square Feet February 25, 2020 Trowbridge Crossing Atlanta, GA $ 10,950 63 March 10, 2020 Antoine Town Center (a) Houston, TX 22,254 110 November 6, 2020 Eldridge Town Center Kroger (b) Houston, TX 9,043 65 $ 42,247 238 (a) This retail property was acquired from the Company's unconsolidated joint venture. See "Note 6. Investment in Unconsolidated Entities". (b) The assets, liabilities and operations of the grocer acquired are combined for presentation purposes with the retail property already owned by the Company. Transaction costs of $59 and $121 were capitalized during the years ended December 31, 2021 and 2020, respectively.

Disposed Properties

Disposed Properties	12 Months Ended
	Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Disposed Properties	Disposed Properties The following table reflects the real property disposed of during the year ended December 31, 2021: Date Property Metropolitan Area Square Feet Gross Gain (Loss) February 28, 2021 Sonterra Village (a) San Antonio, TX N/A $ 616 $ 436 March 14, 2021 Eldridge Town Center (a) Houston, TX N/A 133 104 March 31, 2021 Windward Commons (a) Alpharetta, GA N/A 150 (21) June 30, 2021 Eldridge Town Center (a) Houston, TX N/A 418 361 July 20, 2021 Kroger Tomball Houston, TX 74 13,655 636 October 31, 2021 Westpark Shopping Center (a) Washington D.C/Richmond Metro Area N/A 9 6 74 $ 14,981 $ 1,522 (a) These dispositions were related to completions of partial condemnations at four retail properties. The following table reflects the real property disposed of during the year ended December 31, 2020: 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 5,500 (213) September 30, 2020 Eldridge Town Center (a) Houston, TX N/A 451 424 November 25, 2020 Antoine Town Center (b) Houston, TX 2 800 66 December 31, 2020 Eldridge Town Center (a) Houston, TX N/A 1,055 1,018 162 $ 8,456 $ 1,752 (a) These dispositions were related to completions of partial condemnations at three retail properties. (b) Disposition was related to an outparcel at this retail property.

Investment in Unconsolidated En

Investment in Unconsolidated Entities	12 Months Ended
	Dec. 31, 2021
Investment in Partially Owned Entities [Abstract]
Investment in Unconsolidated Entities	Investment in Unconsolidated Entities Joint Venture Interest in IAGM As of December 31, 2021 and 2020, the Company owned a 55% interest in one unconsolidated entity, IAGM Retail Fund I, LLC ("IAGM"), a joint venture partnership between the Company and PGGM Private Real Estate Fund ("PGGM"). IAGM was formed on April 17, 2013 for the purpose of acquiring, owning, managing, and disposing of retail properties and sharing in the profits and losses from those retail properties and their activities. The Company analyzed the joint venture agreement and determined that IAGM was not a VIE. The Company also considered the joint venture partners' participating rights under the joint venture agreement and determined that the joint venture partners have the ability to participate in major decisions, which equates to shared decision making. Accordingly, the Company has significant influence but does not control IAGM. Therefore, IAGM was not consolidated by the Company, and the equity method of accounting was applied. Under the equity method of accounting, the net equity investment of the Company and the Company's share of net income or loss from the unconsolidated entity are reflected in the consolidated balance sheets and the consolidated statements of operations and comprehensive income (loss). The following table reflects the retail properties disposed by IAGM of during the years ended December 31, 2021 and 2020: Date Property Metropolitan Area Square Feet Gross Gain on Sale March 10, 2020 Antoine Town Center (a) Houston, TX 110 $ 22,254 $ 1,741 July 12, 2021 Prestonwood Town Center (b) Dallas, TX 233 $ 52,800 $ 12,428 September 3, 2021 Westover Marketplace San Antonio, TX 243 $ 28,775 $ 399 December 1, 2021 South Frisco Village Frisco, TX 227 $ 32,600 $ 5,467 (a) The Company purchased Antoine Town Center from IAGM at a purchase price determined by a third party real estate valuation specialist. The Company deferred its share of IAGM's gain on sale of $958 and began amortizing it over 30 years as an increase to equity in earnings of unconsolidated entities. The Company completed a subsequent sale of an outparcel at this retail property to an unrelated third party which resulted in recognizing $54 of previously deferred gain. (b) The Company purchased Prestonwood Town Center from IAGM at a purchase price determined by a third party real estate valuation specialist. The Company deferred its share of IAGM's gain on sale of $6,835 and began amortizing it over 30 years as an increase to equity in earnings of unconsolidated entities. The following table reflects the mortgage paydowns by IAGM of during the years ended December 31, 2021 and 2020: Date Mortgaged Property Contractual Interest Rate Mortgage Paydown (a) Loss on Debt Extinguishment January 22, 2020 South Frisco Village 1.70 % + 1M LIBOR $ 14,872 $ 8 March 26, 2021 Westover Marketplace 4.08 % $ 23,150 $ 14 July 12, 2021 Senior secured pooled loan 1.55 % + 1M LIBOR $ 54,103 $ 215 (a) Mortgage paydowns were funded by cash on hand and proceeds from the sale of properties. During the year ended December 31, 2020, IAGM entered into two interest rate swap agreements to achieve fixed interest rates on its senior secured term loan facility previously subject to variability in the London Inter-bank Offered Rate ("LIBOR"). 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 December 31, 2021, the interest rate swaps were recorded as a asset with a fair value of $530 on IAGM's consolidated balance sheet, of which the Company's share was $291. During the year ended December 31, 2020, IAGM recognized a provision for asset impairment of $11,016 on one retail property, of which the Company's share of this provision for asset impairment was $6,059, as disclosed in "Note 9. Fair Value Measurements" . Condensed Financial Information The following table presents condensed balance sheet information for IAGM. As of December 31, 2021 December 31, 2020 Assets: Net investment properties $ 288,014 $ 387,394 Other assets 98,696 72,453 Total assets 386,710 459,847 Liabilities and equity: Mortgage debt, net 165,831 242,388 Other liabilities 12,409 19,144 Equity 208,470 198,315 Total liabilities and equity 386,710 459,847 Company's share of equity 115,513 109,928 Outside basis difference, net (a) (7,569) (877) Carrying value of investments in unconsolidated entities $ 107,944 $ 109,051 (a) The outside basis difference relates to the unamortized deferred gain on sale of Antoine Town Center and Prestonwood Town Center. The following table presents condensed income statement information of IAGM and disposed joint ventures. Year ended December 31, IAGM 2021 2020 2019 Total income $ 42,145 $ 46,259 $ 53,396 Depreciation and amortization (14,437) (16,303) (20,135) Property operating (7,265) (7,143) (8,372) Real estate taxes (7,507) (8,687) (9,426) Asset management fees (1,128) (1,098) (1,073) Interest expense, net (5,637) (7,455) (10,882) Other (expense) and income, net (422) (307) 157 Loss on debt extinguishment (229) (8) — Provision for asset impairment — (11,016) (1,443) Gain (loss) on sale of real estate, net 18,294 1,741 (559) Net income (loss) 23,814 (4,017) 1,663 Disposed joint venture Net loss — — (4,869) Total net income (loss) of unconsolidated entities $ 23,814 $ (4,017) $ (3,206) Company's share of net income (loss) $ 13,089 $ (2,264) $ (3,446) Outside basis adjustment for investee's sale of real estate, net (6,691) (877) 4,403 Equity in earnings (losses) of unconsolidated entities $ 6,398 $ (3,141) $ 957 The following table summarizes the scheduled maturities of IAGM's mortgages payable as of December 31, 2021: Scheduled maturities by year: As of December 31, 2021 2022 $ — 2023 126,022 2024 — 2025 22,880 2026 17,800 Thereafter — Total $ 166,702

Intangible Assets, Liabilities,

Intangible Assets, Liabilities, and Deferred Leasing Costs	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Liabilities, and Deferred Leasing Costs	Intangible Assets, Liabilities, and Deferred Leasing Costs The following table summarizes the Company’s intangible assets, liabilities, and deferred leasing costs as of December 31, 2021 and 2020: As of December 31, 2021 2020 Intangible assets: In-place leases $ 137,579 $ 146,484 Above-market leases 15,082 15,124 Intangible assets 152,661 161,608 Accumulated amortization: In-place leases (63,741) (58,571) Above-market leases (7,894) (7,315) Accumulated amortization (71,635) (65,886) Intangible assets, net $ 81,026 $ 95,722 Intangible liabilities: Below-market leases $ 58,256 $ 64,963 Accumulated amortization (29,261) (30,091) Intangible liabilities, net $ 28,995 $ 34,872 Deferred leasing costs: Leasing costs $ 18,482 $ 15,029 Accumulated amortization (6,055) (4,298) Deferred leasing costs, net $ 12,427 $ 10,731 The following table provides a summary of the amortization related to intangible assets, liabilities, and deferred leasing costs for the years ended December 31, 2021, 2020 and 2019: Year ended December 31, 2021 2020 2019 Intangible assets: In-place leases $ 18,730 $ 22,994 $ 24,601 Above-market leases 2,036 2,446 2,613 Amortization of intangible assets $ 20,766 $ 25,440 $ 27,214 Intangible liabilities: Amortization of below-market leases $ 6,317 $ 9,468 $ 8,736 Deferred leasing costs: Amortization of deferred leasing costs $ 2,138 $ 1,913 $ 2,311 The following table provides a summary of the amortization during the next five years and thereafter related to intangible assets, liabilities, and deferred leasing costs as of December 31, 2021: Year ending December 31, In-place leases Above market leases Deferred leasing costs Below market leases 2022 $ 14,998 $ 1,684 $ 2,846 $ 4,850 2023 12,097 1,311 1,891 3,753 2024 9,879 989 1,605 3,014 2025 8,584 777 1,460 2,579 2026 7,638 640 1,300 2,356 Thereafter 20,642 1,787 3,325 12,443 Total $ 73,838 $ 7,188 $ 12,427 $ 28,995

Debt

Debt	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Debt	Debt As of December 31, 2021, the Company's total debt, net, was $533,082, which consists of mortgages payable, net, of $105,574, unsecured term loans, net, of $396,508, and a line of credit balance of $31,000. 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. 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 December 31, 2021 and 2020, the Company was in compliance with all loan covenants. Mortgages payable As of December 31, 2021 and 2020, the Company's mortgages payable, net were as follows: December 31, 2021 December 31, 2020 Mortgages payable (a) $ 105,955 $ 107,261 Discount, net of accumulated amortization (46) (84) Debt issuance costs, net of accumulated amortization (335) (449) Total mortgages payable, net $ 105,574 $ 106,728 (a) Fixed interest rates ranged from 3.49% to 4.58%, with a weighted average interest rate of 4.07% as of December 31, 2021 and 2020. The following table summarizes the scheduled maturities of the Company's mortgages payable as of December 31, 2021: Scheduled maturities by year: As of December 31, 2021 2022 $ 22,399 2023 39,226 2024 15,700 2025 28,630 2026 — Thereafter — Total $ 105,955 Credit Agreements Revolving line of credit On December 21, 2018, the Company entered into an unsecured revolving credit agreement, which amended and restated its prior unsecured revolving credit agreement in its entirety, and provided for a $350,000 unsecured revolving line of credit (the "Revolving Credit Agreement"). On September 22, 2021, the Company entered into an amendment to the Revolving Credit Agreement (the "Amended Revolving Credit Agreement"), which provides for, among other things, an extension of the maturity of the Company's $350,000 Revolving Credit Agreement to September 22, 2025, with two six-month extension options. The following table summarizes the Company's activity under the revolving line of credit during the years ended December 31, 2021, and 2020: Revolving Line of Credit Interest Rate Outstanding borrowings as of January 1, 2020 $ — Draw on March 27, 2020 $ 150,000 Repayment on October 28, 2020 $ (100,000) Outstanding borrowings as of December 31, 2020 (a) $ 50,000 1.1980% (b) Repayment on March 11, 2021 $ (50,000) Draw on November 9, 2021 $ 31,000 Outstanding borrowings as of December 31, 2021 (a) $ 31,000 1.1520% (c) (a) As of December 31, 2021 and 2020, $319,000 and $300,000 remained undrawn, respectively, and the credit facility fee was 0.15%. (b) Interest rate reflects 1-Month LIBOR plus 1.05% effective December 29, 2020. (c) Interest rate reflects 1-Month LIBOR plus 1.05% effective December 9, 2021. Unsecured term loans On December 21, 2018, the Company entered into an unsecured term loan credit agreement, which amended and restated its prior unsecured term loan credit agreement in its entirety (the “Term Loan Credit Agreement”). On September 22, 2021, the Company entered into an amendment to its $400,000 Term Loan Credit Agreement (the "Amended Term Loan Agreement"), which provides for, among other things, an extension of the maturity and a reallocation of indebtedness under the two outstanding tranches of term loans thereunder . The Amended Term Loan Agreement consists of a $200,000 5-year tranche maturing on September 22, 2026, and a $200,000 5.5-year tranche maturing on March 22, 2027. As of December 31, 2021, the Company had the following unsecured term loan tranches outstanding under the Amended Term Loan Agreement: Principal Balance Interest Rate Maturity Date $200.0 million 5 year - swapped to fixed rate $ 100,000 2.6795% (a) September 22, 2026 $200.0 million 5 year - swapped to fixed rate 100,000 2.6795% (a) September 22, 2026 $200.0 million 5.5 year - swapped to fixed rate 50,000 2.6915% (a) March 22, 2027 $200.0 million 5.5 year - swapped to fixed rate 50,000 2.6990% (a) March 22, 2027 $200.0 million 5.5 year - variable rate 100,000 1.2993% (b) March 22, 2027 Total unsecured term loans 400,000 Issuance costs, net of accumulated amortization (3,492) Total unsecured term loans, net $ 396,508 (a) Interest rates reflect the fixed rates achieved through the Company's interest rate swaps. (b) Interest rate reflects 1-Month LIBOR plus 1.20% effective December 1, 2021. As of December 31, 2020, the Company had the following borrowings outstanding under the Term Loan Credit Agreement: Principal Balance Interest Rate Maturity Date $250.0 million 5 year - swapped to fixed rate $ 100,000 2.6795% (a) December 21, 2023 $250.0 million 5 year - swapped to fixed rate 100,000 2.6795% (a) December 21, 2023 $250.0 million 5 year - variable rate 50,000 1.3548% (b) December 21, 2023 $150.0 million 5.5 year - swapped to fixed rate 50,000 2.6915% (a) June 21, 2024 $150.0 million 5.5 year - swapped to fixed rate 50,000 2.6990% (a) June 21, 2024 $150.0 million 5.5 year - variable rate 50,000 1.3548% (b) June 21, 2024 Total unsecured term loans 400,000 Issuance costs, net of accumulated amortization (1,619) Total outstanding credit agreements, net $ 398,381 (a) Interest rates reflect the fixed rates achieved through the Company's interest rate swaps. (b) Interest rate reflects 1-Month LIBOR plus 1.20% effective December 1, 2020. Interest Rate Swaps During the year ended December 31, 2021, the Company entered into four interest rate forward swap agreements to address the periods between the maturity dates of the effective swaps and the maturity dates of the Amended Term Loan Agreement. In tandem, the interest rate swaps achieve fixed interest rates for a constant notional amount through the maturity dates of the Amended Term Loan Agreement. The following table summarizes the Company's four effective interest rate swaps as of December 31, 2021 and 2020: Effective Interest Notional Company Receives Company Pays Fixed Rate Achieved Effective Date Maturity Date 5 Year Term Loan $ 100,000 1-Month LIBOR 1.47950% 2.67950% Dec 2, 2019 Dec 21, 2023 5 Year Term Loan 100,000 1-Month LIBOR 1.47950% 2.67950% Dec 2, 2019 Dec 21, 2023 5.5 Year Term Loan 50,000 1-Month LIBOR 1.49150% 2.69150% Dec 2, 2019 Jun 21, 2024 5.5 Year Term Loan 50,000 1-Month LIBOR 1.49900% 2.69900% Dec 2, 2019 Jun 21, 2024 $ 300,000 The following table summarizes the Company's four forward interest rate swaps as of December 31, 2021: Forward Interest Notional Company Receives Company Pays Fixed Rate Achieved Effective Date Maturity 5 Year Term Loan $ 100,000 1-Month LIBOR 1.57625% 2.77625% Dec 21, 2023 Sep 22, 2026 5 Year Term Loan 100,000 1-Month LIBOR 1.57300% 2.77300% Dec 21, 2023 Sep 22, 2026 5.5 Year Term Loan 50,000 1-Month LIBOR 1.57700% 2.77700% Jun 21, 2024 Mar 22, 2027 5.5 Year Term Loan 50,000 1-Month LIBOR 1.59600% 2.79600% Jun 21, 2024 Mar 22, 2027 $ 300,000 The following table summarizes the effects of derivative financial instruments on the consolidated financial statements: Location and amount of gain (loss) recognized in accumulated Location and amount of (loss) gain Total interest expense presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded 2021 2020 2019 2021 2020 2019 2021 2020 2019 Unrealized gain (loss) on derivatives $ 3,795 $ (16,199) $ 816 Interest expense, net $ (4,332) $ (2,693) $ 1,396 Interest expense, net $ 16,261 $ 18,749 $ 22,717

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2021
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 Cash Flow Hedges: (a) December 31, 2021 December 31, 2020 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Derivative interest rate liabilities (b)(c) — $ (4,322) — — (12,449) — (a) During the twelve months subsequent to December 31, 2021, an estimated $3,068 of derivative interest rate liabilities recognized in accumulated comprehensive loss will be reclassified into earnings. (b) The Company's and IAGM's derivative liabilities are recognized as a part of other liabilities and investment in unconsolidated entities, respectively, on the Company's consolidated balance sheets. (c) As of December 31, 2021 and 2020, 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 1 At December 31, 2021 and 2020, the Company had no Level 1 recurring fair value measurements. Level 2 To calculate the fair value of the derivative interest rate instruments, the Company primarily uses quoted prices for similar contracts and inputs based on data that are observed in the forward yield curve that is widely observable in the marketplace. The Company also incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements that utilize Level 3 inputs, such as estimates of current credit spreads. Level 3 At December 31, 2021 and 2020, the Company had no Level 3 recurring fair value measurements. Non-Recurring Measurements Investment Properties During the year ended December 31, 2021, the Company had no Level 3 nonrecurring fair value measurements. During the year ended December 31, 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 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 year ended December 31, 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 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. Assets Held by Unconsolidated Entities During the year ended December 31, 2020, the Company identified one retail property within the IAGM joint venture that had a reduction in its expected holding period by the joint venture and recorded a provision for asset impairment of $11,016. A discounted cash flow model was utilized to estimate the fair value of this retail property. This cash flow model consisted of unobservable inputs such as forecasted revenues and expenses and estimated net disposition proceeds at the end of the hold period, based on market conditions and expected growth rates. A 8.50% terminal capitalization rate and a discount rate of 9.50% was utilized in the model based upon observable rates that the Company believed to be within a reasonable range of then current market rates, based on the nature of the underlying investment and associated risks. The Company recognized its' share of this provision for asset impairment of $6,059 as part of equity in earnings (losses). The following table summarizes activity for the Company’s assets measured at fair value on a non-recurring basis and the related impairment charges for the years ended December 31, 2021, 2020, and 2019: December 31, 2021 December 31, 2020 December 31, 2019 Level 3 Impairment Loss Level 3 Impairment Loss Level 3 Impairment Loss Investment properties $ — $ — $ 5,500 $ 9,002 $ 42,250 $ 2,359 Financial Instruments Not Measured at Fair Value The table below represents the estimated fair value of financial instruments presented at carrying values in the Company's consolidated financial statements as of December 31, 2021 and 2020: December 31, 2021 December 31, 2020 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Mortgages payable $ 105,955 $ 104,938 $ 107,261 $ 106,494 Term loans $ 400,000 $ 400,470 $ 400,000 $ 400,055 Revolving line of credit $ 31,000 $ 31,062 $ 50,000 $ 50,032 The Company estimated the fair value of its mortgages payable using a weighted-average effective market interest rate of 4.44% and 4.25% as of December 31, 2021 and 2020, respectively. The fair value estimate of the term loans approximate the carrying value due to limited market volatility in pricing. 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 2.39% and 1.36% as of December 31, 2021 and 2020, 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 Per Share and Equity T

Earnings Per Share and Equity Transactions	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share and Equity Transactions	Earnings Per Share and Equity Transactions Basic earnings per share ("EPS") is computed using the two-class method by dividing net income or loss by the weighted average number of common shares outstanding for the period (the "common shares") and participating securities. The time-based restricted share awards issued pursuant to the Incentive Award Plan are deemed to be participating securities. Diluted EPS is generally computed using the treasury-stock method by dividing net income or loss by the common shares plus potential common shares resulting from time-based restricted share awards. The following table reconciles the amounts used in calculating basic and diluted earnings per share: Year ended December 31, 2021 2020 2019 Numerator: Net (loss) income from continuing operations $ (5,360) $ (10,174) $ 63,899 Earnings allocated to unvested restricted shares — — (29) Net (loss) income from continuing operations attributable to common shareholders $ (5,360) $ (10,174) $ 63,870 Net loss from discontinued operations attributable to common shareholders $ — $ — $ (25,500) Denominator: Weighted average common shares outstanding - basic 71,072,933 72,040,623 72,914,406 Effect of unvested restricted shares (a) — — 76,384 Weighted average common shares outstanding - diluted 71,072,933 72,040,623 72,990,790 Basic and diluted earnings per common share: Net (loss) income per common share, continuing operations, basic and diluted $ (0.08) $ (0.14) $ 0.88 Net loss per common share, discontinued operations, basic and diluted — — (0.35) Net (loss) income per common share, basic and diluted $ (0.08) $ (0.14) $ 0.53 (a) For the years ended December 31, 2021 and 2020, the Company has excluded the anti-dilutive effect of unvested restricted shares. On August 5, 2021, the Company effected a 1-for-10 reverse stock split of its common stock, reducing the number of shares of common stock outstanding from 712,090,283 to 71,261,403 shares on that date. Fractional shares resulted in the issuance of an additional 52,375 shares, which have been included in the total issued and outstanding shares for all periods presented. See "Note 1. Organization" for more information concerning the reverse stock split. On April 6, 2021, the Company adopted the Third Amended and Restated Share Repurchase Program, (as amended, the "SRP"). On April 12, 2021, the Company announced the reinstatement of the SRP, effective May 14, 2021, for qualifying stockholders. The repurchase price per share of $21.70 for eligible 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 $28.90 per share as of December 1, 2020. During the year ended December 31, 2021 , 755,643 shares were repurchased in connection with the SRP. On August 5, 2021, the Board suspended the SRP effective September 5, 2021. On November 1, 2019, the Company adopted a Second Amended and Restated Share Repurchase Program (the "Original SRP"). During the year ended December 31, 2020 , 213,612 shares were repurchased in connection with the Original SRP. Effective July 11, 2020, the Company suspended the Original SRP. During the year ended December 31, 2019, 851,760 shares were repurchased in connection with the Original SRP at a price per share of $2.355. On November 1, 2019, the Company began offering shares of its common stock to existing stockholders pursuant to its Amended and Restated Distribution Reinvestment Plan ("DRP"). During the year ended December 31, 2020 , 7,904 shares, respectively, were issued pursuant to the DRP. During the year ended December 31, 2019, the Company did not issue shares pursuant to the DRP. Effective July 11, 2020, the Company suspended the DRP.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation Incentive Award Plan Effective as of June 19, 2015, the Company's Board adopted the Incentive Award Plan, under which the Company may grant cash and equity incentive awards to eligible employees, directors, and consultants. Time-based RSU awards granted to employees vest equally on each of the first three one On February 18, 2021, the Board approved grants of time-based and performance-based RSUs under the Company's Incentive Award Plan at the most recent estimated NAV per share of $28.90 as of December 1, 2020. On February 23, 2021, the Company announced the expected retirement of its President and Chief Executive Officer in August 2021, which resulted in accelerated recognition of certain stock-based compensation expenses. The Company also announced the appointment of certain executives in establishing a plan of succession. In connection with the appointments, the Board approved one-time grants of time-based RSUs under the Company's Incentive Award Plan at the most recent estimated NAV per share of $28.90 as of December 1, 2020. The following table summarizes the Company's RSU activity under the Incentive Award Plan during the years ended December 31, 2021, 2020, and 2019: Unvested Unvested Weighted Average Outstanding as of January 1, 2019 154,816 $31.80 Shares granted 122,517 145,081 $31.40 Shares vested (127,519) — $31.80 Shares forfeited (20,244) (6,117) $31.70 Outstanding as of December 31, 2019 129,570 138,964 $31.40 Shares granted 125,579 248,434 $31.40 Shares vested (114,434) — $31.40 Shares forfeited (30,333) (55,303) $31.40 Outstanding as of December 31, 2020 110,382 332,095 $31.40 Shares granted 209,539 218,835 $28.90 Shares vested (167,806) — $30.04 Shares forfeited (13,880) (79,562) $30.73 Outstanding as of December 31, 2021 138,235 471,368 $30.12

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
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. The Company recognized losses from discontinued operations related to these claims of $25,500 during the year ended December 31, 2019. Operating and Finance Lease Commitments The Company has non-cancelable contracts of property improvements that have been deemed to contain finance leases that, prior to the adoption of Topic 842, were previously classified as capital leases. In addition, the Company has non-cancelable operating leases for office space used in its business and, upon the adoption of Topic 842, the Company recognized operating lease ROU assets of $2,890 and lease liabilities of $3,114. The following table reflects the Company's operating and finance lease arrangements as of December 31, 2021 and 2020: As of Balance Sheet Caption December 31, 2021 December 31, 2020 Operating lease ROU assets Deferred costs and other assets, net $ 2,961 $ 2,696 Operating lease ROU accumulated amortization Deferred costs and other assets, net $ (215) $ (896) Operating lease liabilities Other liabilities $ 3,189 $ 1,976 Finance lease ROU assets Building and other improvements $ 1,641 $ 1,641 Finance lease ROU accumulated amortization Accumulated depreciation $ (406) $ (297) Finance lease liabilities Other liabilities $ 283 $ 673 The following table reflects the Company's total lease cost, weighted-average lease terms and weighted-average discount rates for the years ended December 31, 2021 and 2020: Statement of Operations and Year ended December 31, 2021 2020 Minimum operating lease payments General and administrative $ 515 $ 663 Variable operating lease payments General and administrative 163 276 Short-term operating lease payments General and administrative 174 124 ROU amortization of finance leases Depreciation and amortization 109 109 Interest expense of finance leases Interest expense, net 24 37 Total lease cost $ 985 $ 1,209 Weighted-average remaining lease term of operating leases 7.9 years 4.0 years Weighted-average remaining lease term of finance leases 1.0 year 1.8 years Weighted-average discount rate of operating leases 4.36 % 4.44 % Weighted-average discount rate of finance leases 3.50 % 3.50 % The following table reflects the Company's future minimum lease obligations as of December 31, 2021: Future Minimum Lease Payments Scheduled minimum payments by year: Operating Leases Finance Leases 2022 $ 152 $ 279 2023 513 21 2024 575 — 2025 456 — 2026 460 — Thereafter 1,740 — Total expected minimum lease obligation 3,896 300 Less: Amount representing interest (a) (707) (17) Present value of net minimum lease payments $ 3,189 $ 283 (a) Interest includes the amount necessary to reduce the total expected minimum lease obligations to present value calculated at the Company's incremental borrowing rate.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In preparing its consolidated financial statements, the Company evaluated events and transactions occurring after December 31, 2021 through the date the financial statements were issued for recognition and disclosure purposes. On February 2, 2022, the Company acquired two properties in Austin, Texas for $189.3 million, Escarpment Village, approximately 168,000 square feet and anchored by H.E.B., and The Shops at Arbor Trails, approximately 357,000 square feet and anchored by Costco and Whole Foods. The Company assumed $57.5 million of existing mortgage debt and drew down approximately $105.0 million on its line of credit to fund the acquisition.

Schedule III - Real Estate And

Schedule III - Real Estate And Accumulated Depreciation	12 Months Ended
	Dec. 31, 2021
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate and Accumulated Depreciation	Initial Cost (A) Gross amount at which carried at end of period PROPERTY NAME Encumbrance Land Buildings and Improvements Adjustments to Land Basis (B) Adjustments to Basis (B) Land Buildings and Improvements Total (C) Accumulated Depreciation (D,E) Date Acquired Antoine Town Center $ — $ 5,327 $ 14,333 $ — $ 37 $ 5,327 $ 14,370 $ 19,697 $ 1,210 2020 Bear Creek Village Center — 3,523 12,384 — 427 3,523 12,811 16,334 5,904 2009 Bent Tree Plaza — 1,983 7,093 — 1,880 1,983 8,973 10,956 3,874 2009 Buckhead Crossing — 7,565 27,104 — 1,275 7,565 28,379 35,944 13,218 2009 Campus Marketplace — 26,928 43,445 55 467 26,983 43,912 70,895 7,828 2017 Cary Park Town Center — 5,555 17,280 — 22 5,555 17,302 22,857 2,805 2017 Centerplace of Greeley — 3,904 14,715 (23) 662 3,881 15,377 19,258 6,944 2009 Cheyenne Meadows — 2,023 6,991 — 303 2,023 7,294 9,317 3,380 2009 Commons at University Place — 3,198 17,909 — — 3,198 17,909 21,107 1,817 2019 Coweta Crossing — 1,143 4,590 — 8 1,143 4,598 5,741 2,284 2009 Custer Creek Village — 4,750 12,245 — 1,760 4,750 14,005 18,755 6,449 2007 Eldorado Marketplace — 15,732 49,311 — 127 15,732 49,438 65,170 4,091 2019 Eldridge Town Center & Windermere Village — 5,380 22,994 1,977 5,770 7,357 28,764 36,121 12,134 2005 Garden Village — 3,188 16,522 3,268 1,470 6,456 17,992 24,448 7,675 2009 Gateway Market Center — 13,600 4,992 — 4,421 13,600 9,413 23,013 2,884 2010 Kennesaw Marketplace — 12,587 51,860 — 420 12,587 52,280 64,867 6,541 2018 Kyle Marketplace — 6,076 48,220 — 468 6,076 48,688 54,764 7,412 2017 Lakeside & Lakeside Crossing — 16,594 41,085 — (237) 16,594 40,848 57,442 4,031 2019 Market at Westlake — 1,200 6,274 (64) 210 1,136 6,484 7,620 3,257 2007 Northcross Commons — 7,591 21,303 — 637 7,591 21,940 29,531 4,067 2016 Initial Cost (A) Gross amount at which carried at end of period PROPERTY NAME Encumbrance Land Buildings and Improvements Adjustments to Land Basis (B) Adjustments to Basis (B) Land Buildings and Improvements Total (C) Accumulated Depreciation (D,E) Date Acquired Old Grove Marketplace $ — $ 12,545 $ 8,902 $ — $ 232 $ 12,545 $ 9,134 $ 21,679 $ 1,885 2016 Pavilion at La Quinta 22,399 15,200 20,947 — 1,571 15,200 22,518 37,718 10,122 2009 Peachland Promenade — 1,742 6,502 4,158 9,450 5,900 15,952 21,852 2,291 2009 PGA Plaza — 10,414 75,730 — 698 10,414 76,428 86,842 9,237 2018 Plantation Grove 7,300 3,705 6,300 — 719 3,705 7,019 10,724 1,927 2014 Plaza Midtown — 5,295 23,946 — 381 5,295 24,327 29,622 3,509 2017 Prestonwood Town Center — 22,055 22,140 — — 22,055 22,140 44,195 547 2021 Renaissance Center 14,107 26,713 96,141 — 4,763 26,713 100,904 127,617 21,283 2016 Rio Pinar Plaza — 5,171 26,903 676 1,758 5,847 28,661 34,508 6,076 2015 River Oaks — 24,598 88,418 — 1,081 24,598 89,499 114,097 13,340 2017 Riverview Village — 6,000 9,649 — 908 6,000 10,557 16,557 5,526 2007 Riverview Market — 5,931 23,922 — 548 5,931 24,470 30,401 4,557 2016 Rose Creek — 1,443 5,630 — 500 1,443 6,130 7,573 2,767 2009 Sandy Plains Centre — 12,364 27,270 652 2,182 13,016 29,452 42,468 3,024 2018 Sarasota Pavilion — 12,000 25,823 — 4,796 12,000 30,619 42,619 11,730 2010 Scofield Crossing — 8,100 4,992 (576) 3,454 7,524 8,446 15,970 3,122 2007 Shops at Fairview Town Center — 7,299 25,233 — 208 7,299 25,441 32,740 2,230 2019 Shops at The Galleria — 52,104 75,651 — 2,006 52,104 77,657 129,761 16,117 2016 Sonterra Village — 5,150 15,095 (181) 689 4,969 15,784 20,753 3,350 2015 Southern Palm Crossing — 37,735 49,843 (745) 260 36,990 50,103 87,093 4,698 2019 Stevenson Ranch — 29,519 39,190 — 139 29,519 39,329 68,848 8,035 2016 Initial Cost (A) Gross amount at which carried at end of period PROPERTY NAME Encumbrance Land Buildings and Improvements Adjustments to Land Basis (B) Adjustments to Basis (B) Land Buildings and Improvements Total (C) Accumulated Depreciation (D,E) Date Acquired Suncrest Village $ 8,400 $ 6,742 $ 6,403 $ — $ (1,374) $ 6,742 $ 5,029 $ 11,771 $ 1,427 2014 Sycamore Commons — 12,500 31,265 — 2,015 12,500 33,280 45,780 14,245 2010 The Centre on Hugh Howell — 2,250 11,091 — 1,007 2,250 12,098 14,348 6,599 2007 The Parke — 9,271 83,078 — 1,162 9,271 84,240 93,511 13,131 2017 The Pointe at Creedmoor — 7,507 5,454 — 55 7,507 5,509 13,016 1,222 2016 The Shops at Town Center & Century Station — 19,998 29,776 — 849 19,998 30,625 50,623 5,228 2017 The Shops at Walnut Creek 28,630 10,132 44,089 — 6,530 10,132 50,619 60,751 11,222 2015 Thomas Crossroadas — 1,622 8,322 — 1,552 1,622 9,874 11,496 4,129 2009 Travilah Square — 8,964 39,836 — 298 8,964 40,134 49,098 3,163 2019 Trowbridge Crossing — 2,366 7,808 — 311 2,366 8,119 10,485 503 2020 University Oaks Shopping Center 25,119 7,250 25,326 (170) 8,504 7,080 33,830 40,910 14,405 2010 Westfork Plaza & Paraiso Parc — 28,267 124,019 — 5,414 28,267 129,433 157,700 21,891 2017 Westpark Shopping Center — 7,462 24,164 (4) 4,732 7,458 28,896 36,354 5,458 2013 Windward Commons — 12,823 13,779 (171) 870 12,652 14,649 27,301 2,914 2016 Total corporate assets — — — — 2,843 — 2,843 2,843 1,541 - Total $ 105,955 $ 590,084 $ 1,573,287 $ 8,852 $ 91,238 $ 598,936 $ 1,664,525 $ 2,263,461 $ 350,256 Construction in progress — — — 9,642 — 9,642 9,642 — Total investment properties $ 590,084 $ 1,573,287 $ 8,852 $ 100,880 $ 598,936 $ 1,674,167 $ 2,273,103 $ 350,256 Notes to Schedule III The aggregate cost of real estate owned at December 31, 2021 for federal income tax purposes was approximately $2,503,849 (unaudited). (A) The initial cost to the Company represents the original purchase price of the asset, including amounts incurred subsequent to acquisition which were contemplated at the time the property was acquired. (B) Cost capitalized subsequent to acquisition includes additional tangible costs associated with investment properties. Amount also includes impairment charges recorded subsequent to acquisition to reduce basis. (C) Reconciliation of total investment properties: 2021 2020 2019 Balance at January 1, $ 2,221,689 $ 2,204,891 $ 2,242,283 Acquisitions and capital improvements 71,324 52,222 359,753 Disposals and write-offs of assets no longer in service (19,910) (35,424) (397,145) Balance at December 31, $ 2,273,103 $ 2,221,689 $ 2,204,891 (D) Reconciliation of accumulated depreciation: 2021 2020 2019 Balance at January 1, $ 292,248 $ 246,702 $ 286,330 Depreciation expense 66,275 61,897 66,808 Disposal and write-offs of assets no longer in service (8,267) (16,351) (106,436) Balance at December 31, $ 350,256 $ 292,248 $ 246,702 (E) Depreciation is computed based upon the following estimated lives: Buildings and other improvements 15 - 30 years Tenant improvements Life of the lease Furniture, fixtures and equipment 5 - 20 years

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Reclassifications	Reclassifications The Company has made certain reclassifications to the consolidated balance sheet as of December 31, 2020 to conform to the 2021 presentation, including $1,160 reported as restricted cash, now reported as cash, cash equivalents and restricted cash.
Variable Interest Entities	Variable Interest EntitiesThe Company evaluates its investments in LLCs and LPs to determine whether each such entity may be a variable interest entity ("VIE"). The accounting standards related to the consolidation of VIEs require qualitative assessments to determine whether the Company is the primary beneficiary. Determination of the primary beneficiary is based on whether the Company has (i) power to direct significant activities of the VIE and (ii) an obligation to absorb losses or the right to receive benefits that could be potentially significant to the VIE. The Company consolidates a VIE if it is deemed to be the primary beneficiary. The equity method of accounting is applied to entities in which the Company is not the primary beneficiary, or if the entity is not a VIE and the Company does not have control, but can exercise significant influence over the entity with respect to its operations and major decisions.
Revenue Recognition	Revenue Recognition Adoption of Topic 842 In conjunction with the adoption of Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 842, Leases , ("Topic 842") on January 1, 2019, the Company elected the package of practical expedients which permitted the Company to not reassess: (1) whether any expired or existing contracts are, or contain leases; (2) the lease classification for any expired or existing leases; and (3) any initial direct costs for existing leases as of the effective date. In addition, the Company has elected to not separate lease and non-lease components for all qualifying leases. In effect, this generally relieves the Company from accounting for certain consideration under ASC 606, Revenue from Contracts with Customers ("Topic 606"). As a result of the election, all income arising from leases is presented on a combined basis as lease income, net. Lease Income 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. Minimum lease payments are recognized on a straight-line basis over the term of each lease. The cumulative difference between fixed consideration recognized on a straight-line basis and the cash payments due under the provisions of the lease agreements is recorded as deferred rent receivable and is included as a component of accounts and rents receivable. The Company records lease termination income when all conditions of a signed termination agreement have been met, the tenant is no longer occupying the property, and termination income amounts due are considered collectible. The Company defers recognition of contingent lease income until the specified target that triggers the contingent lease income is achieved. The Company commences revenue recognition on its leases when the lessee takes possession of, or controls the physical use of, the leased asset, unless the lessee is constructing improvements for which the Company is deemed to be the owner for accounting purposes. If the Company is deemed the owner for accounting purposes, the leased asset is the finished space and revenue recognition commences when the lessee takes possession of it, typically when the improvements are substantially complete. Alternatively, if the lessee is deemed to be the owner of the improvements for accounting purposes, then the leased asset is the unimproved space, and any tenant improvement allowances funded under the lease are treated as lease incentives, which reduce lease income recognized over the lease term, and the Company commences revenue recognition when the lessee takes possession of the unimproved space. The determination of who owns the tenant improvements, for accounting purposes, is based on contractual rights and subject to judgment. In making that judgment, no one factor is determinative. The Company routinely considers: • whether the lease stipulates how and on what a tenant improvement allowance may be spent; • whether the tenant is required to provide evidence supporting the cost of improvements prior to reimbursement; • whether the tenant or landlord retains legal title to the improvements; • the uniqueness of the improvements; • the expected economic life of the tenant improvements relative to the length of the lease; and • who constructs or directs the construction of the improvements. 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 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 permits 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 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 equal to or less than the total payments required by the original lease; or • the amended lease results in an increase to the lease term. 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. 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 reviews the collectability 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 collectability 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 collectability of lease payments, including variable payments, is recognized as a direct adjustment to lease income, and a direct write-off of the operating lease receivables, including straight-line rent receivable. Other Fee Income The Company recognizes other fee income when it satisfies a performance obligation relating to services provided to its joint venture partnership. The resulting receivables are settled through recurring monthly payments for the services provided over the term of the contract. The Company generally does not receive prepayments for services or recognize revenue prior to being legally entitled to payment. As a result, the Company does not generally record contract assets or contract liabilities. Property management and asset management fees are recognized over time as services are rendered to the joint venture partnership. The bundled services of the property management performance obligation and asset management performance obligation each qualify as a series of distinct services satisfied over time. The variable consideration related to each of the performance obligations is recognized in each of the periods that directly relate to the Company's efforts to provide those services. Accordingly, the Company elected the optional exemption provided by Topic 606 to not disclose information about remaining wholly unsatisfied performance obligations. The variability in timing of the property management and asset management fees, which generally relate to the fluctuation in cash receipts from tenants and potential changes in equity capitalization, are resolved on a monthly basis. For certain services, the Company acts as an agent on behalf of the customer to arrange for performance by a third party. Based on the Company's judgment, both the underlying asset management service activities and the underlying property management service activities are not distinct but are inputs (or fulfillment activities) to provide the combined output (either the overall asset management service or the overall property management service). Leasing commissions and other fees are recognized at a point in time consistent with the underlying service rendered to the joint venture partnership. The leasing performance obligation and other performance obligations are satisfied at the point in which the customer is transferred control over and consumes the benefit of the service. The uncertainty of the leasing commissions and other fees are resolved upon delivery of the underlying service. Generally, the first and second installments of leasing commissions are paid upon lease execution and rent commencement, respectively. Sale of Real Estate
Acquisition of Real Estate	Acquisition of Real Estate The Company evaluates the inputs, processes and outputs of each asset acquired to determine if the transaction is a business combination or asset acquisition. If an acquisition qualifies as a business combination, the related transaction costs are expensed. If an acquisition qualifies as an asset acquisition, the related transaction costs are generally capitalized and amortized over the useful life of the acquired assets. Generally, our acquisitions of real estate qualify as asset acquisitions. The Company allocates the purchase price of real estate to land, building, other building improvements, tenant improvements, intangible assets and liabilities (such as the value of above- and below-market leases, in-place leases and origination costs associated with in-place leases). The values of above- and below-market leases are recorded as intangible assets and intangible liabilities, respectively, and are amortized as either a decrease (in the case of above-market leases) or an increase (in the case of below-market leases) to lease income, net over the remaining term of the associated tenant lease. The values, if any, associated with in-place leases are recorded as intangible assets and amortized to depreciation and amortization expense over the remaining lease term. The difference between the contractual rental rates and the Company's estimate of market rental rates is measured over a period equal to the remaining non-cancelable term of the leases plus the term of any below-market renewal options. For the amortization period, the remaining term of leases with renewal options at terms below market reflect the assumed exercise of such below-market renewal options, if reasonably assured. If a tenant vacates its space prior to the contractual expiration of the lease and no rental payments are being made on the lease, any unamortized balance of the related intangible asset or liability is written off. Tenant improvements are depreciated and origination costs are amortized over the remaining term of the lease or charged against earnings if the lease is terminated prior to its contractual expiration date. With the assistance of a third-party valuation specialist, the Company performs the following procedures for assets acquired: • Estimate the value of the property "as if vacant" as of the acquisition date; • Allocate the value of the property among land, building, and other building improvements and determine the associated useful life for each; • Calculate the value and associated life of above- and below-market leases on a tenant-by-tenant basis. The difference between the contractual rental rates and the Company’s estimate of market rental rates is measured over a period equal to the remaining term of the leases (using a discount rate which reflects the risks associated with the leases acquired, including geographical location, size of leased area, tenant profile and credit risk); • Estimate the fair value of the tenant improvements, legal costs and leasing commissions incurred to obtain the leases and calculate the associated useful life for each; • Estimate the fair value of assumed debt, if any; and
Properties Held for Sale	Properties Held for Sale In determining whether to classify a property as held for sale, the Company considers whether: (i) management has committed to a plan to sell the property; (ii) the property is available for immediate sale, in its present condition; (iii) the Company has initiated a program to locate a buyer; (iv) the Company believes that the sale of the property is probable; (v) the Company has received a significant non-refundable deposit for the purchase of the property; (vi) the Company is actively marketing the property for sale at a price that is reasonable in relation to its estimated fair value; and (vii) actions required for the Company to complete the plan indicate that it is unlikely that any significant changes will be made to the plan. When all criteria are met, the property is classified as held for sale and carried at the lower of cost or estimated fair value less costs to sell. Additionally, if the sale represents a strategic shift that has (or will have) a major effect on the Company's results and operations, the income and expenses for the period are classified as discontinued operations on the consolidated statements of operations and comprehensive income (loss) for all periods presented.
Impairment of Long Lived Assets	Impairment of Long Lived Assets The Company assesses the carrying values of long-lived tangible and intangible assets whenever events or changes in circumstances indicate that they may not be fully recoverable. An example of an event or changed circumstance is a reduction in the expected hold period of a property. When such event or circumstances occur, if it is expected that the carrying value is not recoverable, because the expected undiscounted cash flows do not exceed that carrying value, the Company recognize an impairment loss to the extent that the carrying value exceeds the estimated fair value. The valuation and possible subsequent impairment of investment properties is a significant estimate that can and does change based on the Company's continuous process of analyzing each property's economic condition over time and reviewing and updating assumptions about uncertain inherent factors, including observable inputs such as contractual revenues and unobservable inputs such as forecasted revenues and expenses, estimated net disposition proceeds, and discount rate. These unobservable inputs are based on a property's market conditions and expected growth rates. Assumptions and estimates about future cash flows and capitalization rates are complex and subjective. Changes in economic and operating conditions and the Company's ultimate investment intent that occur subsequent to the impairment analyses could impact these assumptions and result in additional impairment. The Company's assessment of expected hold period for investment properties evaluated for impairment is of particular significance because of the material impact it has on the evaluation of the property's recoverability. Changes in the Company's disposition strategy or changes in the marketplace may alter the hold period of an asset or asset group which may result in an impairment loss and such loss could be material to the Company's financial condition or operating performance. Periodically, management assesses whether there are any indicators that the carrying value of the Company's investments in unconsolidated entities may be other-than-temporarily impaired. To the extent other-than-temporary impairment has occurred, the loss is measured as the excess of the carrying value of the investment over the estimated fair value of the investment. The estimated fair value of the investment is generally derived from the cash flows generated from the underlying real property investments of the investee.
Real Estate Capitalization and Depreciation	Real Estate Capitalization and Depreciation Real estate is reflected at cost less accumulated depreciation within investment properties on the consolidated balance sheets. Ordinary repairs and maintenance are expensed as incurred. Depreciation expense is computed using the straight-line method. A range of estimated useful lives of 15-30 years is used for buildings and other improvements, and a range of 5-20 years is used for furniture, fixtures and equipment. Finance lease right-of-use ("ROU") asset amortization is computed using the straight-line method over the lease term and included in depreciation and amortization expense. Tenant improvements are amortized on a straight-line basis over the lesser of the life of the tenant improvement or the lease term. Amortization is included in depreciation and amortization expense. Deferred leasing costs are recognized as a part of deferred costs and other assets, net and are amortized to depreciation and amortization expense over the remaining term of the associated tenant lease. Direct and indirect costs that are clearly related to the construction and improvements of investment properties are capitalized. Costs incurred for interest, property taxes and insurance are capitalized during periods in which activities necessary to prepare the property for its intended use are in progress.
Cash, Cash Equivalents	Cash, Cash Equivalents and Restricted Cash The Company considers all demand deposits, money market accounts and investments in certificates of deposit and repurchase agreements with a maturity of three months or less, at the date of purchase, to be cash equivalents. The Company maintains its cash and cash equivalents at financial institutions. The combined account balances at one or more institutions generally exceed the Federal Deposit Insurance Corporation ("FDIC") insurance coverage. The Company periodically assesses the credit risk associated with these financial institutions. The Company believes insignificant credit risk exists related to amounts on deposit in excess of FDIC insurance coverage.
Restricted Cash	The Company had restricted cash of $7,865 and $1,160 as of December 31, 2021 and 2020, respectively. Restricted cash often consists of lenders’ escrows, operating real estate escrows for taxes, insurance, capital expenditures and payments required under certain lease agreements, and funds restricted through lender or other agreements, including funds held in escrow for future acquisitions.
Fair Value Measurements	Fair Value Measurements In accordance with FASB ASC 820, Fair Value Measurement and Disclosures ("Topic 820"), the Company defines fair value based on the price that would be received upon sale of an asset or the exit price that would be paid to transfer or settle a liability in an orderly transaction between market participants at the measurement date. The Company uses a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value. The fair value hierarchy consists of the three broad levels described below: • Level 1 - Quoted prices in active markets for identical assets or liabilities that the entity has the ability to access. • Level 2 - Observable inputs, other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The Company has estimated the fair value of its financial instruments and non-financial assets using available market information and valuation methodologies the Company believes to be appropriate for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates and, accordingly, they are not necessarily indicative of amounts that would be realized upon disposition.
Derivative Instruments	Derivative Instruments In the normal course of business, the Company is exposed to the effect of interest rate changes. The Company's objective in using interest rate derivatives is to manage its exposure to interest rate movements and add stability to interest expense. To accomplish this objective, the Company uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable rate amounts from a counterparty in exchange for the Company making fixed rate payments over the life of the agreement without exchange of the underlying notional amount. The Company has a policy of only entering into contracts with established financial institutions based upon their credit ratings and other factors. When viewed in conjunction with the underlying and offsetting exposure that the derivatives are designed to hedge, the Company has not sustained a material loss from those instruments, nor does it anticipate any material adverse effect on its net income or financial position in the future from the use of derivatives. The Company recognizes all derivatives on the consolidated balance sheets at fair value. Additionally, changes in fair value will affect either equity or earnings depending on whether the derivative instruments qualify as a hedge for accounting purposes and, if so, the nature of the hedging activity. When the underlying transaction is terminated or completed, all changes in the fair value of the instrument are marked-to-market with changes in value included in earnings each period until the instrument matures. Any derivative instrument used for risk management that does not meet the criteria for hedge accounting is marked-to-market each period in earnings. The Company does not use derivatives for trading or speculative purposes.
Income Taxes	Income Taxes The Company has elected and operates in a manner to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the "Code") for federal income tax purposes commencing with the tax year ended December 31, 2005. To qualify as a REIT, the Company is generally required to distribute at least 90% of its REIT taxable income (subject to certain adjustments) to its stockholders each year (the "90% Distribution Requirement"). As a REIT, the Company is entitled to a tax deduction for some or all of the dividends paid to stockholders. Accordingly, the Company generally will not be subject to federal income taxes as long as it currently distributes to stockholders an amount equal to or in excess of the Company's taxable income. If the Company fails to qualify as a REIT in any taxable year, without the benefit of certain relief provisions, the Company will be subject to federal and state income tax on its taxable income at regular corporate tax rates. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income, property or net worth and federal income and excise taxes on its undistributed income. From time to time, the Company may elect to treat certain of its consolidated subsidiaries as taxable REIT subsidiaries ("TRSs") pursuant to the Code. Among other activities, TRSs may participate in non-real estate related activities and/or perform non-customary services for tenants and are subject to federal and state income tax at regular corporate tax rates. Income tax expense or benefit is recognized as a part of other income and expense, net. During the year ended December 31, 2021, the Company did not have any operations within TRSs. During the year ended December 31, 2020, the Company either revoked the TRS elections or dissolved the legal entities for any of its consolidated subsidiaries that were TRSs. Income tax expense for the year ended December 31, 2021 generally pertains to Texas margin tax. Income tax expense for the years ended December 31, 2020 and 2019 is generally comprised of federal and state taxes paid by consolidated TRSs and certain state taxes paid by the Company. 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. As a result of the anticipated NOL carryback claims for the Company's TRSs, total additional tax benefits of $1,172 were recognized as a part of other income and expense, net during the year ended December 31, 2020.
Share-Based Compensation	Share-Based Compensation As of December 31, 2021, the Company has one share-based compensation plan under which time-based restricted stock units ("RSUs") and performance-based RSUs have been issued with tandem dividend equivalents. Compensation expense related to these awards, which are generally equity classified, and the tandem dividend equivalent cash payments are recognized as a part of general and administrative expense. Time-based awards are generally measured at grant date fair value and not subsequently re-measured. Compensation expense related to these awards is recognized on a straight-line basis over the vesting period. Performance-based awards are measured at grant date fair value and each grantee is eligible to vest in a number of RSUs ranging from 0% to 100% of the total number granted based on specified performance levels. For awards with a performance condition, compensation cost is recognized when the performance condition is considered probable of achievement. If a performance award has more than one potential outcome, recognition of compensation cost is based on the most likely outcome. During the service period, a cumulative catch-up approach is used to account for changes in the assessment of which outcome is most likely to occur. Absent a change in the determination of the most likely outcome, compensation expense related to these awards would be recognized on a straight-line basis from the grant date through the vesting date. Forfeitures of awards are recognized as they occur.
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. 2021-01, Reference Rate Reform (Topic 848): Scope ASU 2021-01 is intended to clarify that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. Topic 848 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. Application of these expedients, which may be elected over time as reference rate reform activities occur, preserves the presentation of derivatives consistent with past presentation. January 2021 The Company's adoption of ASU No. 2021-01 did not result in any incremental elections under Topic 848 regarding cash flow hedges. The Company continues to evaluate the guidance of Topic 848 and expects that its application will not change its presentation of derivatives as cash flow hedges. Other recently issued accounting standards or pronouncements not disclosed in the foregoing tables have been excluded because they are either not relevant to the Company, or are not expected to have, or did not have, a material effect on the consolidated financial statements of the Company.

Organization (Tables)

Organization (Tables)	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Multi-Tenant Retail Portfolio	The following table summarizes the Company's retail portfolio as of December 31, 2021 and 2020: Wholly-Owned Unconsolidated 2021 2020 2021 2020 No. of properties 55 55 7 10 Gross Leasable Area (square feet) 8,560 8,392 1,768 2,470

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
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. 2021-01, Reference Rate Reform (Topic 848): Scope ASU 2021-01 is intended to clarify that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. Topic 848 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. Application of these expedients, which may be elected over time as reference rate reform activities occur, preserves the presentation of derivatives consistent with past presentation. January 2021 The Company's adoption of ASU No. 2021-01 did not result in any incremental elections under Topic 848 regarding cash flow hedges. The Company continues to evaluate the guidance of Topic 848 and expects that its application will not change its presentation of derivatives as cash flow hedges.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 2021
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: For the year ending December 31, As of December 31, 2021 2022 $ 151,695 2023 139,212 2024 123,513 2025 106,443 2026 91,175 Thereafter 257,841 Total $ 869,879
Disaggregation of Lease Income, Net	The following table reflects the disaggregation of lease income, net: Year Ended December 31, 2021 2020 2019 Minimum base rent $ 128,716 $ 127,630 $ 139,827 Real estate tax recoveries 27,874 27,898 31,484 Common area maintenance, insurance, and other recoveries 23,948 21,842 24,187 Ground rent income 13,167 12,976 13,789 Above and below-market rent and lease inducement amortization, net 4,318 7,060 6,148 Short-term and other lease income 3,378 2,825 2,094 Termination fee income 406 1,255 1,217 Straight-line rent adjustment, net 3,272 2,590 3,464 Provision for uncollectible straight-line rent (468) (3,214) (145) Provision for uncollectible billed rent and recoveries (2,264) (9,212) (1,722) Reversal of uncollectible billed rent and recoveries 5,003 1,307 310 Lease income, net $ 207,350 $ 192,957 $ 220,653
Disaggregation of Other Fee Income	The following table reflects the disaggregation of other fee income: Timing of Satisfaction of Year Ended December 31, 2021 2020 2019 Property management fee Over time $ 1,952 $ 2,093 $ 2,421 Asset management fee Over time 1,128 1,098 1,074 Leasing commissions and other fees Point in time 462 456 361 Other fee income $ 3,542 $ 3,647 $ 3,856

Acquired Properties (Tables)

Acquired Properties (Tables)	12 Months Ended
	Dec. 31, 2021
Asset Acquisition [Abstract]
Schedule of Acquisitions	The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the year ended December 31, 2021: Acquisition Date Property Metropolitan Area Gross Square Feet July 12, 2021 Prestonwood Town Center (a) Dallas, TX $ 52,800 233 September 2, 2021 Rio Pinar Plaza - Outparcel (b) Orlando, FL 1,910 7 $ 54,710 240 (a) This retail property was acquired from the Company's unconsolidated joint venture. See "Note 6. Investment in Unconsolidated Entities". (b) The assets, liabilities and operations of the outparcel acquired were combined for presentation purposes with a retail property already owned by the Company. The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the year ended December 31, 2020: Acquisition Date Property Metropolitan Area Gross Square Feet February 25, 2020 Trowbridge Crossing Atlanta, GA $ 10,950 63 March 10, 2020 Antoine Town Center (a) Houston, TX 22,254 110 November 6, 2020 Eldridge Town Center Kroger (b) Houston, TX 9,043 65 $ 42,247 238 (a) This retail property was acquired from the Company's unconsolidated joint venture. See "Note 6. Investment in Unconsolidated Entities". (b) The assets, liabilities and operations of the grocer acquired are combined for presentation purposes with the retail property already owned by the Company.

Disposed Properties (Tables)

Disposed Properties (Tables)	12 Months Ended
	Dec. 31, 2021
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 year ended December 31, 2021: Date Property Metropolitan Area Square Feet Gross Gain (Loss) February 28, 2021 Sonterra Village (a) San Antonio, TX N/A $ 616 $ 436 March 14, 2021 Eldridge Town Center (a) Houston, TX N/A 133 104 March 31, 2021 Windward Commons (a) Alpharetta, GA N/A 150 (21) June 30, 2021 Eldridge Town Center (a) Houston, TX N/A 418 361 July 20, 2021 Kroger Tomball Houston, TX 74 13,655 636 October 31, 2021 Westpark Shopping Center (a) Washington D.C/Richmond Metro Area N/A 9 6 74 $ 14,981 $ 1,522 (a) These dispositions were related to completions of partial condemnations at four retail properties. The following table reflects the real property disposed of during the year ended December 31, 2020: 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 5,500 (213) September 30, 2020 Eldridge Town Center (a) Houston, TX N/A 451 424 November 25, 2020 Antoine Town Center (b) Houston, TX 2 800 66 December 31, 2020 Eldridge Town Center (a) Houston, TX N/A 1,055 1,018 162 $ 8,456 $ 1,752 (a) These dispositions were related to completions of partial condemnations at three retail properties. (b) Disposition was related to an outparcel at this retail property.

Investment in Unconsolidated _2

Investment in Unconsolidated Entities (Tables)	12 Months Ended
	Dec. 31, 2021
Investment in Partially Owned Entities [Abstract]
Equity Method Investments	The following table reflects the retail properties disposed by IAGM of during the years ended December 31, 2021 and 2020: Date Property Metropolitan Area Square Feet Gross Gain on Sale March 10, 2020 Antoine Town Center (a) Houston, TX 110 $ 22,254 $ 1,741 July 12, 2021 Prestonwood Town Center (b) Dallas, TX 233 $ 52,800 $ 12,428 September 3, 2021 Westover Marketplace San Antonio, TX 243 $ 28,775 $ 399 December 1, 2021 South Frisco Village Frisco, TX 227 $ 32,600 $ 5,467 (a) The Company purchased Antoine Town Center from IAGM at a purchase price determined by a third party real estate valuation specialist. The Company deferred its share of IAGM's gain on sale of $958 and began amortizing it over 30 years as an increase to equity in earnings of unconsolidated entities. The Company completed a subsequent sale of an outparcel at this retail property to an unrelated third party which resulted in recognizing $54 of previously deferred gain. (b) The Company purchased Prestonwood Town Center from IAGM at a purchase price determined by a third party real estate valuation specialist. The Company deferred its share of IAGM's gain on sale of $6,835 and began amortizing it over 30 years as an increase to equity in earnings of unconsolidated entities. The following table reflects the mortgage paydowns by IAGM of during the years ended December 31, 2021 and 2020: Date Mortgaged Property Contractual Interest Rate Mortgage Paydown (a) Loss on Debt Extinguishment January 22, 2020 South Frisco Village 1.70 % + 1M LIBOR $ 14,872 $ 8 March 26, 2021 Westover Marketplace 4.08 % $ 23,150 $ 14 July 12, 2021 Senior secured pooled loan 1.55 % + 1M LIBOR $ 54,103 $ 215 (a) Mortgage paydowns were funded by cash on hand and proceeds from the sale of properties.
Schedule of Combined Financial Information of Investment in Unconsolidated Entities	The following table presents condensed balance sheet information for IAGM. As of December 31, 2021 December 31, 2020 Assets: Net investment properties $ 288,014 $ 387,394 Other assets 98,696 72,453 Total assets 386,710 459,847 Liabilities and equity: Mortgage debt, net 165,831 242,388 Other liabilities 12,409 19,144 Equity 208,470 198,315 Total liabilities and equity 386,710 459,847 Company's share of equity 115,513 109,928 Outside basis difference, net (a) (7,569) (877) Carrying value of investments in unconsolidated entities $ 107,944 $ 109,051 (a) The outside basis difference relates to the unamortized deferred gain on sale of Antoine Town Center and Prestonwood Town Center. The following table presents condensed income statement information of IAGM and disposed joint ventures. Year ended December 31, IAGM 2021 2020 2019 Total income $ 42,145 $ 46,259 $ 53,396 Depreciation and amortization (14,437) (16,303) (20,135) Property operating (7,265) (7,143) (8,372) Real estate taxes (7,507) (8,687) (9,426) Asset management fees (1,128) (1,098) (1,073) Interest expense, net (5,637) (7,455) (10,882) Other (expense) and income, net (422) (307) 157 Loss on debt extinguishment (229) (8) — Provision for asset impairment — (11,016) (1,443) Gain (loss) on sale of real estate, net 18,294 1,741 (559) Net income (loss) 23,814 (4,017) 1,663 Disposed joint venture Net loss — — (4,869) Total net income (loss) of unconsolidated entities $ 23,814 $ (4,017) $ (3,206) Company's share of net income (loss) $ 13,089 $ (2,264) $ (3,446) Outside basis adjustment for investee's sale of real estate, net (6,691) (877) 4,403 Equity in earnings (losses) of unconsolidated entities $ 6,398 $ (3,141) $ 957
Contractual Obligation, Fiscal Year Maturity Schedule	The following table summarizes the scheduled maturities of IAGM's mortgages payable as of December 31, 2021: Scheduled maturities by year: As of December 31, 2021 2022 $ — 2023 126,022 2024 — 2025 22,880 2026 17,800 Thereafter — Total $ 166,702

Intangible Assets, Liabilitie_2

Intangible Assets, Liabilities, and Deferred Leasing Costs (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	The following table summarizes the Company’s intangible assets, liabilities, and deferred leasing costs as of December 31, 2021 and 2020: As of December 31, 2021 2020 Intangible assets: In-place leases $ 137,579 $ 146,484 Above-market leases 15,082 15,124 Intangible assets 152,661 161,608 Accumulated amortization: In-place leases (63,741) (58,571) Above-market leases (7,894) (7,315) Accumulated amortization (71,635) (65,886) Intangible assets, net $ 81,026 $ 95,722 Intangible liabilities: Below-market leases $ 58,256 $ 64,963 Accumulated amortization (29,261) (30,091) Intangible liabilities, net $ 28,995 $ 34,872 Deferred leasing costs: Leasing costs $ 18,482 $ 15,029 Accumulated amortization (6,055) (4,298) Deferred leasing costs, net $ 12,427 $ 10,731
Schedule of Identified Intangible Assets and Liabilities	The following table provides a summary of the amortization related to intangible assets, liabilities, and deferred leasing costs for the years ended December 31, 2021, 2020 and 2019: Year ended December 31, 2021 2020 2019 Intangible assets: In-place leases $ 18,730 $ 22,994 $ 24,601 Above-market leases 2,036 2,446 2,613 Amortization of intangible assets $ 20,766 $ 25,440 $ 27,214 Intangible liabilities: Amortization of below-market leases $ 6,317 $ 9,468 $ 8,736 Deferred leasing costs: Amortization of deferred leasing costs $ 2,138 $ 1,913 $ 2,311
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The following table provides a summary of the amortization during the next five years and thereafter related to intangible assets, liabilities, and deferred leasing costs as of December 31, 2021: Year ending December 31, In-place leases Above market leases Deferred leasing costs Below market leases 2022 $ 14,998 $ 1,684 $ 2,846 $ 4,850 2023 12,097 1,311 1,891 3,753 2024 9,879 989 1,605 3,014 2025 8,584 777 1,460 2,579 2026 7,638 640 1,300 2,356 Thereafter 20,642 1,787 3,325 12,443 Total $ 73,838 $ 7,188 $ 12,427 $ 28,995

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Debt	As of December 31, 2021 and 2020, the Company's mortgages payable, net were as follows: December 31, 2021 December 31, 2020 Mortgages payable (a) $ 105,955 $ 107,261 Discount, net of accumulated amortization (46) (84) Debt issuance costs, net of accumulated amortization (335) (449) Total mortgages payable, net $ 105,574 $ 106,728 (a) Fixed interest rates ranged from 3.49% to 4.58%, with a weighted average interest rate of 4.07% as of December 31, 2021 and 2020. As of December 31, 2021, the Company had the following unsecured term loan tranches outstanding under the Amended Term Loan Agreement: Principal Balance Interest Rate Maturity Date $200.0 million 5 year - swapped to fixed rate $ 100,000 2.6795% (a) September 22, 2026 $200.0 million 5 year - swapped to fixed rate 100,000 2.6795% (a) September 22, 2026 $200.0 million 5.5 year - swapped to fixed rate 50,000 2.6915% (a) March 22, 2027 $200.0 million 5.5 year - swapped to fixed rate 50,000 2.6990% (a) March 22, 2027 $200.0 million 5.5 year - variable rate 100,000 1.2993% (b) March 22, 2027 Total unsecured term loans 400,000 Issuance costs, net of accumulated amortization (3,492) Total unsecured term loans, net $ 396,508 (a) Interest rates reflect the fixed rates achieved through the Company's interest rate swaps. (b) Interest rate reflects 1-Month LIBOR plus 1.20% effective December 1, 2021. As of December 31, 2020, the Company had the following borrowings outstanding under the Term Loan Credit Agreement: Principal Balance Interest Rate Maturity Date $250.0 million 5 year - swapped to fixed rate $ 100,000 2.6795% (a) December 21, 2023 $250.0 million 5 year - swapped to fixed rate 100,000 2.6795% (a) December 21, 2023 $250.0 million 5 year - variable rate 50,000 1.3548% (b) December 21, 2023 $150.0 million 5.5 year - swapped to fixed rate 50,000 2.6915% (a) June 21, 2024 $150.0 million 5.5 year - swapped to fixed rate 50,000 2.6990% (a) June 21, 2024 $150.0 million 5.5 year - variable rate 50,000 1.3548% (b) June 21, 2024 Total unsecured term loans 400,000 Issuance costs, net of accumulated amortization (1,619) Total outstanding credit agreements, net $ 398,381 (a) Interest rates reflect the fixed rates achieved through the Company's interest rate swaps. (b) Interest rate reflects 1-Month LIBOR plus 1.20% effective December 1, 2020.
Schedule Of Maturities For Outstanding Mortgage Indebtedness	The following table summarizes the scheduled maturities of the Company's mortgages payable as of December 31, 2021: Scheduled maturities by year: As of December 31, 2021 2022 $ 22,399 2023 39,226 2024 15,700 2025 28,630 2026 — Thereafter — Total $ 105,955
Schedule of Revolving Line of Credit	The following table summarizes the Company's activity under the revolving line of credit during the years ended December 31, 2021, and 2020: Revolving Line of Credit Interest Rate Outstanding borrowings as of January 1, 2020 $ — Draw on March 27, 2020 $ 150,000 Repayment on October 28, 2020 $ (100,000) Outstanding borrowings as of December 31, 2020 (a) $ 50,000 1.1980% (b) Repayment on March 11, 2021 $ (50,000) Draw on November 9, 2021 $ 31,000 Outstanding borrowings as of December 31, 2021 (a) $ 31,000 1.1520% (c) (a) As of December 31, 2021 and 2020, $319,000 and $300,000 remained undrawn, respectively, and the credit facility fee was 0.15%. (b) Interest rate reflects 1-Month LIBOR plus 1.05% effective December 29, 2020. (c) Interest rate reflects 1-Month LIBOR plus 1.05% effective December 9, 2021.
Schedule of Interest Rate Swaps	The following table summarizes the Company's four effective interest rate swaps as of December 31, 2021 and 2020: Effective Interest Notional Company Receives Company Pays Fixed Rate Achieved Effective Date Maturity Date 5 Year Term Loan $ 100,000 1-Month LIBOR 1.47950% 2.67950% Dec 2, 2019 Dec 21, 2023 5 Year Term Loan 100,000 1-Month LIBOR 1.47950% 2.67950% Dec 2, 2019 Dec 21, 2023 5.5 Year Term Loan 50,000 1-Month LIBOR 1.49150% 2.69150% Dec 2, 2019 Jun 21, 2024 5.5 Year Term Loan 50,000 1-Month LIBOR 1.49900% 2.69900% Dec 2, 2019 Jun 21, 2024 $ 300,000 The following table summarizes the Company's four forward interest rate swaps as of December 31, 2021: Forward Interest Notional Company Receives Company Pays Fixed Rate Achieved Effective Date Maturity 5 Year Term Loan $ 100,000 1-Month LIBOR 1.57625% 2.77625% Dec 21, 2023 Sep 22, 2026 5 Year Term Loan 100,000 1-Month LIBOR 1.57300% 2.77300% Dec 21, 2023 Sep 22, 2026 5.5 Year Term Loan 50,000 1-Month LIBOR 1.57700% 2.77700% Jun 21, 2024 Mar 22, 2027 5.5 Year Term Loan 50,000 1-Month LIBOR 1.59600% 2.79600% Jun 21, 2024 Mar 22, 2027 $ 300,000
Schedule of Effect of Derivative Financial Instruments Included in AOCI	The following table summarizes the effects of derivative financial instruments on the consolidated financial statements: Location and amount of gain (loss) recognized in accumulated Location and amount of (loss) gain Total interest expense presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded 2021 2020 2019 2021 2020 2019 2021 2020 2019 Unrealized gain (loss) on derivatives $ 3,795 $ (16,199) $ 816 Interest expense, net $ (4,332) $ (2,693) $ 1,396 Interest expense, net $ 16,261 $ 18,749 $ 22,717
Schedule of Location of Derivative Financial Instruments on Consolidated Financial Statements	The following table summarizes the effects of derivative financial instruments on the consolidated financial statements: Location and amount of gain (loss) recognized in accumulated Location and amount of (loss) gain Total interest expense presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded 2021 2020 2019 2021 2020 2019 2021 2020 2019 Unrealized gain (loss) on derivatives $ 3,795 $ (16,199) $ 816 Interest expense, net $ (4,332) $ (2,693) $ 1,396 Interest expense, net $ 16,261 $ 18,749 $ 22,717

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2021
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 Cash Flow Hedges: (a) December 31, 2021 December 31, 2020 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Derivative interest rate liabilities (b)(c) — $ (4,322) — — (12,449) — (a) During the twelve months subsequent to December 31, 2021, an estimated $3,068 of derivative interest rate liabilities recognized in accumulated comprehensive loss will be reclassified into earnings. (b) The Company's and IAGM's derivative liabilities are recognized as a part of other liabilities and investment in unconsolidated entities, respectively, on the Company's consolidated balance sheets. (c) As of December 31, 2021 and 2020, 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.
Assets Measured at Fair Value on Non-Recurring Basis	The following table summarizes activity for the Company’s assets measured at fair value on a non-recurring basis and the related impairment charges for the years ended December 31, 2021, 2020, and 2019: December 31, 2021 December 31, 2020 December 31, 2019 Level 3 Impairment Loss Level 3 Impairment Loss Level 3 Impairment Loss Investment properties $ — $ — $ 5,500 $ 9,002 $ 42,250 $ 2,359
Fair Value of Financial Instruments Presented at Carrying Values	The table below represents the estimated fair value of financial instruments presented at carrying values in the Company's consolidated financial statements as of December 31, 2021 and 2020: December 31, 2021 December 31, 2020 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Mortgages payable $ 105,955 $ 104,938 $ 107,261 $ 106,494 Term loans $ 400,000 $ 400,470 $ 400,000 $ 400,055 Revolving line of credit $ 31,000 $ 31,062 $ 50,000 $ 50,032

Earnings Per Share and Equity_2

Earnings Per Share and Equity Transactions (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table reconciles the amounts used in calculating basic and diluted earnings per share: Year ended December 31, 2021 2020 2019 Numerator: Net (loss) income from continuing operations $ (5,360) $ (10,174) $ 63,899 Earnings allocated to unvested restricted shares — — (29) Net (loss) income from continuing operations attributable to common shareholders $ (5,360) $ (10,174) $ 63,870 Net loss from discontinued operations attributable to common shareholders $ — $ — $ (25,500) Denominator: Weighted average common shares outstanding - basic 71,072,933 72,040,623 72,914,406 Effect of unvested restricted shares (a) — — 76,384 Weighted average common shares outstanding - diluted 71,072,933 72,040,623 72,990,790 Basic and diluted earnings per common share: Net (loss) income per common share, continuing operations, basic and diluted $ (0.08) $ (0.14) $ 0.88 Net loss per common share, discontinued operations, basic and diluted — — (0.35) Net (loss) income per common share, basic and diluted $ (0.08) $ (0.14) $ 0.53 (a) For the years ended December 31, 2021 and 2020, the Company has excluded the anti-dilutive effect of unvested restricted shares.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Summary of Restricted Stock Unit Activity	The following table summarizes the Company's RSU activity under the Incentive Award Plan during the years ended December 31, 2021, 2020, and 2019: Unvested Unvested Weighted Average Outstanding as of January 1, 2019 154,816 $31.80 Shares granted 122,517 145,081 $31.40 Shares vested (127,519) — $31.80 Shares forfeited (20,244) (6,117) $31.70 Outstanding as of December 31, 2019 129,570 138,964 $31.40 Shares granted 125,579 248,434 $31.40 Shares vested (114,434) — $31.40 Shares forfeited (30,333) (55,303) $31.40 Outstanding as of December 31, 2020 110,382 332,095 $31.40 Shares granted 209,539 218,835 $28.90 Shares vested (167,806) — $30.04 Shares forfeited (13,880) (79,562) $30.73 Outstanding as of December 31, 2021 138,235 471,368 $30.12

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Assets And Liabilities, Lessee	The following table reflects the Company's operating and finance lease arrangements as of December 31, 2021 and 2020: As of Balance Sheet Caption December 31, 2021 December 31, 2020 Operating lease ROU assets Deferred costs and other assets, net $ 2,961 $ 2,696 Operating lease ROU accumulated amortization Deferred costs and other assets, net $ (215) $ (896) Operating lease liabilities Other liabilities $ 3,189 $ 1,976 Finance lease ROU assets Building and other improvements $ 1,641 $ 1,641 Finance lease ROU accumulated amortization Accumulated depreciation $ (406) $ (297) Finance lease liabilities Other liabilities $ 283 $ 673
Lease, Cost	The following table reflects the Company's total lease cost, weighted-average lease terms and weighted-average discount rates for the years ended December 31, 2021 and 2020: Statement of Operations and Year ended December 31, 2021 2020 Minimum operating lease payments General and administrative $ 515 $ 663 Variable operating lease payments General and administrative 163 276 Short-term operating lease payments General and administrative 174 124 ROU amortization of finance leases Depreciation and amortization 109 109 Interest expense of finance leases Interest expense, net 24 37 Total lease cost $ 985 $ 1,209 Weighted-average remaining lease term of operating leases 7.9 years 4.0 years Weighted-average remaining lease term of finance leases 1.0 year 1.8 years Weighted-average discount rate of operating leases 4.36 % 4.44 % Weighted-average discount rate of finance leases 3.50 % 3.50 %
Lessee, Operating Lease, Liability, Maturity	The following table reflects the Company's future minimum lease obligations as of December 31, 2021: Future Minimum Lease Payments Scheduled minimum payments by year: Operating Leases Finance Leases 2022 $ 152 $ 279 2023 513 21 2024 575 — 2025 456 — 2026 460 — Thereafter 1,740 — Total expected minimum lease obligation 3,896 300 Less: Amount representing interest (a) (707) (17) Present value of net minimum lease payments $ 3,189 $ 283 (a) Interest includes the amount necessary to reduce the total expected minimum lease obligations to present value calculated at the Company's incremental borrowing rate.
Finance Lease, Liability, Maturity	The following table reflects the Company's future minimum lease obligations as of December 31, 2021: Future Minimum Lease Payments Scheduled minimum payments by year: Operating Leases Finance Leases 2022 $ 152 $ 279 2023 513 21 2024 575 — 2025 456 — 2026 460 — Thereafter 1,740 — Total expected minimum lease obligation 3,896 300 Less: Amount representing interest (a) (707) (17) Present value of net minimum lease payments $ 3,189 $ 283 (a) Interest includes the amount necessary to reduce the total expected minimum lease obligations to present value calculated at the Company's incremental borrowing rate.

Organization (Details)

Organization (Details)	Nov. 08, 2021	Oct. 12, 2021USD ($)$ / sharesshares	Aug. 05, 2021$ / shares	Dec. 01, 2020$ / shares	Dec. 31, 2021USD ($)ft²propertyjoint_venture$ / shares	Dec. 31, 2021USD ($)ft²propertyjoint_venture$ / sharesshares	Dec. 31, 2020USD ($)ft²joint_ventureproperty$ / sharesshares	Dec. 31, 2019USD ($)shares	Aug. 06, 2021$ / shares
Organization [Line Items]
Number of joint ventures | joint_venture					1	1	1
Reverse stock split ratio			0.1
Common stock, par value (usd per share) | $ / shares			$ 0.01		$ 0.001	$ 0.001	$ 0.001		$ 0.001
Tender offer, value of shares | $		$ 100,000,000
Costs for stock repurchase | $						$ 16,685,000	$ 5,201,000	$ 20,376,000
Common Stock
Organization [Line Items]
Repurchase of common stock (in shares) | shares						755,643	213,612	851,760
Purchase price (usd per share) | $ / shares				$ 21.70			$ 2.355
Costs for stock repurchase | $						$ 7,000		$ 1,000
Dutch Auction
Organization [Line Items]
Purchase price (usd per share) | $ / shares		$ 25
Cost of stock repurchased | $		$ 100,000,000
Costs for stock repurchase | $					$ 3,300,000
Dutch Auction | Common Stock
Organization [Line Items]
Repurchase of common stock (in shares) | shares		4,000,000
Percentage of outstanding stock	5.60%
Maximum
Organization [Line Items]
Common stock price per share (usd per share) | $ / shares		$ 28
Minimum
Organization [Line Items]
Common stock price per share (usd per share) | $ / shares		$ 25
Unconsolidated Retail Properties at 100%
Organization [Line Items]
Number of managed retail properties | property						7	10
Gross leasable area (square feet) | ft²					1,768,000	1,768,000	2,470,000
Retail
Organization [Line Items]
Number of retail properties | property					55	55	55
Gross leasable area (square feet) | ft²					8,560,000	8,560,000	8,392,000

Basis of Presentation and Recen

Basis of Presentation and Recently Issued Accounting Pronouncements (Details) $ in Thousands	Dec. 31, 2021USD ($)
Accounting Policies [Abstract]
Restricted Cash and Cash Equivalents	$ 1,160

Basis of Presentation and Sum_4

Basis of Presentation and Summary of Significant Accounting Policies - Real Estate Capitalization and Depreciation (Details)	12 Months Ended
	Dec. 31, 2021
Building and other improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	15 years
Building and other improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	30 years
Furniture, fixtures and equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Furniture, fixtures and equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	20 years

Basis of Presentation and Sum_5

Basis of Presentation and Summary of Significant Accounting Policies - Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2021
Accounting Policies [Abstract]
Restricted cash	$ 1,160	$ 7,865
Additional tax benefit as a result of anticipated NOL carryback	$ 1,172

Basis of Presentation and Sum_6

Basis of Presentation and Summary of Significant Accounting Policies - Share-Based Compensation (Details)	12 Months Ended
	Dec. 31, 2021plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based compensation plans	1
Minimum | Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement, vesting percentage	0.00%
Maximum | Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement, vesting percentage	100.00%

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Minimum Lease Payments:
2022	$ 151,695
2023	139,212
2024	123,513
2025	106,443
2026	91,175
Thereafter	257,841
Total	869,879
Disaggregation of Revenue [Line Items]
Receivables	215	$ 327
Deferred rental payments receivable	5,339
Deferred rental payments due	4,973
Proceeds from rents received	4,858
Property management fee
Disaggregation of Revenue [Line Items]
Income	1,952	2,093	$ 2,421
Asset management fee
Disaggregation of Revenue [Line Items]
Income	1,128	1,098	1,074
Leasing commissions and other fees
Disaggregation of Revenue [Line Items]
Income	462	456	361
Other fee income
Disaggregation of Revenue [Line Items]
Income	$ 3,542	$ 3,647	$ 3,856
Minimum
Disaggregation of Revenue [Line Items]
Remaining lease term	1 year
Maximum
Disaggregation of Revenue [Line Items]
Remaining lease term	77 years

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Lease Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Minimum base rent	$ 128,716	$ 127,630	$ 139,827
Lease income, net	207,350	192,957	220,653
Provision for uncollectible straight-line rent	(468)	(3,214)	(145)
Provision for uncollectible billed rent and recoveries	(2,264)	(9,212)	(1,722)
Real estate tax recoveries
Disaggregation of Revenue [Line Items]
Lease income, net	27,874	27,898	31,484
Common area maintenance, insurance, and other recoveries
Disaggregation of Revenue [Line Items]
Lease income, net	23,948	21,842	24,187
Ground rent income
Disaggregation of Revenue [Line Items]
Lease income, net	13,167	12,976	13,789
Above and below-market rent and lease inducement amortization, net
Disaggregation of Revenue [Line Items]
Lease income, net	4,318	7,060	6,148
Short-term and other lease income
Disaggregation of Revenue [Line Items]
Lease income, net	3,378	2,825	2,094
Termination fee income
Disaggregation of Revenue [Line Items]
Lease income, net	406	1,255	1,217
Straight-line rent adjustment, net
Disaggregation of Revenue [Line Items]
Lease income, net	3,272	2,590	3,464
Reversal of uncollectible billed rent and recoveries
Disaggregation of Revenue [Line Items]
Lease income, net	$ 5,003	$ 1,307	$ 310

Acquired Properties - Schedule

Acquired Properties - Schedule of Retail Properties Acquired (Details) - Retail ft² in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)ft²	Dec. 31, 2020USD ($)ft²
Business Acquisition [Line Items]
Gross Acquisition Price | $	$ 54,710	$ 42,247
Gross leasable area (square feet) | ft²	240	238
Prestonwood Town Center
Business Acquisition [Line Items]
Gross Acquisition Price | $	$ 52,800
Gross leasable area (square feet) | ft²	233
Rio Pinar Plaza - Outparcel
Business Acquisition [Line Items]
Gross Acquisition Price | $	$ 1,910
Gross leasable area (square feet) | ft²	7
Trowbridge Crossing
Business Acquisition [Line Items]
Gross Acquisition Price | $		$ 10,950
Gross leasable area (square feet) | ft²		63
Antoine Town Center
Business Acquisition [Line Items]
Gross Acquisition Price | $		$ 22,254
Gross leasable area (square feet) | ft²		110
Eldridge Town Center Kroger
Business Acquisition [Line Items]
Gross Acquisition Price | $		$ 9,043
Gross leasable area (square feet) | ft²		65

Acquired Properties - Narrative

Acquired Properties - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Asset Acquisition [Abstract]
Transaction costs capitalized	$ 59	$ 121	$ 2,334

Disposed Properties - Schedule

Disposed Properties - Schedule of Disposal Groups (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)ft²property	Dec. 31, 2020USD ($)ft²property	Dec. 31, 2019USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross Disposition Price	$ 14,981	$ 19,120	$ 357,800
Number of partial condemnations | property	4	3
Retail
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross leasable area (square feet) | ft²	240,000	238,000
Retail | 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 leasable area (square feet) | ft²	74,000	162,000
Gross Disposition Price	$ 14,981	$ 8,456
Gain (Loss) on Sale, net	1,522	1,752
Sonterra Village | Retail | 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	616
Gain (Loss) on Sale, net	436
Eldridge Town Center | Retail | 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	133	451
Gain (Loss) on Sale, net	104	424
Windward Commons | Retail | 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	150
Gain (Loss) on Sale, net	(21)
Eldridge Town Center | Retail | 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	418	1,055
Gain (Loss) on Sale, net	$ 361	1,018
Kroger Tomball | Retail | 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 leasable area (square feet) | ft²	74,000
Gross Disposition Price	$ 13,655
Gain (Loss) on Sale, net	636
Westpark Shopping Center | Retail | 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	9
Gain (Loss) on Sale, net	$ 6
University Oaks Shopping Center | Retail | 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 | Retail | 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 | Retail | 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 leasable area (square feet) | ft²		160,000
Gross Disposition Price		$ 5,500
Gain (Loss) on Sale, net		$ (213)
Antoine Town Center | Retail | 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 leasable area (square feet) | ft²		2,000
Gross Disposition Price		$ 800
Gain (Loss) on Sale, net		$ 66

Investment in Unconsolidated _3

Investment in Unconsolidated Entities - Narrative (Details)	12 Months Ended
	Dec. 31, 2020USD ($)derivative_instrumentpropertyunconsolidated_entity	Dec. 31, 2021unconsolidated_entity
Interest Rate Swap
Variable Interest Entity [Line Items]
Derivative liability	$ 291,000
Retail
Variable Interest Entity [Line Items]
Equity method investment, Impairments	$ 6,059,000
IAGM Retail Fund I, LLC | Interest Rate Swap
Variable Interest Entity [Line Items]
Number of derivatives held | derivative_instrument	2
Derivative liability	$ 530,000
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%
IAGM Retail Fund I, LLC | Retail
Variable Interest Entity [Line Items]
Number of retail properties | property	1
IAGM Retail Fund I, LLC
Variable Interest Entity [Line Items]
Ownership percentage	55.00%	55.00%
Number of equity method investments | unconsolidated_entity	1	1
IAGM Retail Fund I, LLC | Retail
Variable Interest Entity [Line Items]
Equity method investment, Impairments	$ 11,016,000

Investment in Unconsolidated _4

Investment in Unconsolidated Entities - Schedule of Retail Properties Acquired (Details) $ in Thousands	Dec. 01, 2021USD ($)ft²	Sep. 03, 2021USD ($)ft²	Jul. 12, 2021USD ($)ft²	Mar. 10, 2020USD ($)ft²	Dec. 31, 2021USD ($)ft²	Dec. 31, 2020USD ($)ft²	Dec. 31, 2019USD ($)	Mar. 11, 2020USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross disposition price of investment properties					$ 14,981	$ 19,120	$ 357,800
Wholly-Owned Retail Properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross leasable area (square feet) | ft²					240,000	238,000
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 leasable area (square feet) | ft²					74,000	162,000
Gross disposition price of investment properties					$ 14,981	$ 8,456
Gain on Sale					$ 1,522	$ 1,752
Antoine 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 leasable area (square feet) | ft²						2,000
Gross disposition price of investment properties						$ 800
Gain on Sale						$ 66
Antoine Town Center | Wholly-Owned Retail Properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees | Disposal Group, Disposed of by Sale, Not Discontinued Operations | IAGM Retail Fund I, LLC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross leasable area (square feet) | ft²				110,000
Gross disposition price of investment properties				$ 22,254
Gain on Sale				1,741
Aggregate deferred gain				$ 958				$ 54
Amortization period					30 years
Prestonwood Town Center | Wholly-Owned Retail Properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees | Disposal Group, Disposed of by Sale, Not Discontinued Operations | IAGM Retail Fund I, LLC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross leasable area (square feet) | ft²			233,000
Gross disposition price of investment properties			$ 52,800
Gain on Sale			$ 12,428
Aggregate deferred gain					$ 6,835
Westover Marketplace | Wholly-Owned Retail Properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees | Disposal Group, Disposed of by Sale, Not Discontinued Operations | IAGM Retail Fund I, LLC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross leasable area (square feet) | ft²		243,000
Gross disposition price of investment properties		$ 28,775
Gain on Sale		$ 399
South Frisco Village | Wholly-Owned Retail Properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees | Disposal Group, Disposed of by Sale, Not Discontinued Operations | IAGM Retail Fund I, LLC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross leasable area (square feet) | ft²	227,000
Gross disposition price of investment properties	$ 32,600
Gain on Sale	$ 5,467

Investment in Unconsolidated _5

Investment in Unconsolidated Entities - Schedule of Mortgage Paydowns (Details) - USD ($) $ in Thousands	Jul. 12, 2021	Mar. 26, 2021	Jan. 22, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Loss on Debt Extinguishment				$ 400	$ 2,543	$ 2,901
Equity Method Investment, Nonconsolidated Investee or Group of Investees | IAGM Retail Fund I, LLC
Business Acquisition [Line Items]
Loss on Debt Extinguishment				$ 229	$ 8	$ 0
South Frisco Village | Mortgages | Equity Method Investment, Nonconsolidated Investee or Group of Investees | IAGM Retail Fund I, LLC | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Business Acquisition [Line Items]
Mortgage Paydown			$ 14,872
Loss on Debt Extinguishment			$ 8
South Frisco Village | Mortgages | Equity Method Investment, Nonconsolidated Investee or Group of Investees | IAGM Retail Fund I, LLC | Disposal Group, Disposed of by Sale, Not Discontinued Operations | London Interbank Offered Rate (LIBOR)
Business Acquisition [Line Items]
Contractual Interest Rate (percent)			1.70%
Westover Marketplace | Mortgages | Equity Method Investment, Nonconsolidated Investee or Group of Investees | IAGM Retail Fund I, LLC | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Business Acquisition [Line Items]
Contractual Interest Rate (percent)		4.08%
Mortgage Paydown		$ 23,150
Loss on Debt Extinguishment		$ 14
Senior secured pooled loan | Mortgages | Equity Method Investment, Nonconsolidated Investee or Group of Investees | IAGM Retail Fund I, LLC | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Business Acquisition [Line Items]
Mortgage Paydown	$ 54,103
Loss on Debt Extinguishment	$ 215
Senior secured pooled loan | Mortgages | Equity Method Investment, Nonconsolidated Investee or Group of Investees | IAGM Retail Fund I, LLC | Disposal Group, Disposed of by Sale, Not Discontinued Operations | London Interbank Offered Rate (LIBOR)
Business Acquisition [Line Items]
Contractual Interest Rate (percent)	1.55%

Investment in Unconsolidated _6

Investment in Unconsolidated Entities - Combined Financial Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Assets
Net investment properties	$ 1,922,847	$ 1,929,441
Other assets	25,685	20,372
Total assets	2,212,415	2,407,339
Liabilities and equity:
Other liabilities	28,776	36,569
Equity	1,571,552	1,738,863	$ 1,819,601	$ 1,852,307
Total liabilities and stockholders' equity	2,212,415	2,407,339
Carrying value of investments in unconsolidated entities	107,944	109,051
Operating expenses
Total income	211,979	197,833	226,490
Depreciation and amortization	(87,143)	(87,755)	(97,429)
Real estate taxes	(31,312)	(30,845)	(34,232)
Interest expense, net	(16,261)	(18,749)	(22,717)
Loss on debt extinguishment	(400)	(2,543)	(2,901)
Provision for asset impairment	0	(9,002)	(2,359)
Net (loss) income	(5,360)	(10,174)	38,399
Equity in earnings (losses) of unconsolidated entities	6,398	(3,141)	957
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Operating expenses
Net (loss) income	23,814	(4,017)	(3,206)
Company's share of net income (loss)	13,089	(2,264)	(3,446)
Equity in earnings (losses) of unconsolidated entities	6,398	(3,141)	957
IAGM Retail Fund I, LLC
Operating expenses
Provision for asset impairment		(11,016)
IAGM Retail Fund I, LLC | Equity Method Investment, Nonconsolidated Investee or Group of Investees
Assets
Net investment properties	288,014	387,394
Other assets	98,696	72,453
Total assets	386,710	459,847
Liabilities and equity:
Mortgage debt, net	165,831	242,388
Other liabilities	12,409	19,144
Equity	208,470	198,315
Total liabilities and stockholders' equity	386,710	459,847
Company's share of equity	115,513	109,928
Outside basis difference, net	(7,569)	(877)
Carrying value of investments in unconsolidated entities	107,944	109,051
Operating expenses
Total income	42,145	46,259	53,396
Depreciation and amortization	(14,437)	(16,303)	(20,135)
Property operating	(7,265)	(7,143)	(8,372)
Real estate taxes	(7,507)	(8,687)	(9,426)
Asset management fees	(1,128)	(1,098)	(1,073)
Interest expense, net	(5,637)	(7,455)	(10,882)
Other (expense) and income, net	(422)	(307)	157
Loss on debt extinguishment	(229)	(8)	0
Provision for asset impairment	0	(11,016)	(1,443)
Gain (loss) on sale of real estate, net	18,294	1,741	(559)
Net (loss) income	23,814	(4,017)	1,663
Outside basis adjustment for investee's sale of real estate, net	(6,691)	(877)	4,403
Downtown Railyard Venture, LLC | Equity Method Investment, Nonconsolidated Investee or Group of Investees
Operating expenses
Net (loss) income	$ 0	$ 0	$ (4,869)

Investment in Unconsolidated _7

Investment in Unconsolidated Entities - Unconsolidated Entities (Details) $ in Thousands	Dec. 31, 2021USD ($)
Schedule of Debt Maturities of the Unconsolidated Entities
2022	$ 0
2023	126,022
2024	0
2025	22,880
2026	17,800
Thereafter	0
Total	$ 166,702

Intangible Assets, Liabilitie_3

Intangible Assets, Liabilities, and Deferred Leasing Costs - Summary of Intangible Assets and Intangible Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
In-place leases	$ 137,579	$ 146,484
Above-market leases	15,082	15,124
Intangible assets	152,661	161,608
Accumulated amortization	(71,635)	(65,886)
Intangible assets, net	81,026	95,722
Below-market leases	58,256	64,963
Accumulated amortization	(29,261)	(30,091)
Intangible liabilities, net	28,995	34,872
Leasing costs	18,482	15,029
Accumulated amortization	(6,055)	(4,298)
Deferred leasing costs, net	12,427	10,731
In-place leases
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	(63,741)	(58,571)
Above-market leases
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	$ (7,894)	$ (7,315)

Intangible Assets, Liabilitie_4

Intangible Assets, Liabilities, and Deferred Leasing Costs - Summary of Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 20,766	$ 25,440	$ 27,214
Amortization of deferred leasing costs	2,138	1,913	2,311
In-place leases
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	18,730	22,994	24,601
Above-market leases
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	2,036	2,446	2,613
Below market leases acquired
Finite-Lived Intangible Assets [Line Items]
Amortization of below-market leases	$ 6,317	$ 9,468	$ 8,736

Intangible Assets, Liabilitie_5

Intangible Assets, Liabilities, and Deferred Leasing Costs - Summary of Future Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Amortization Income
2022	$ 4,850
2023	3,753
2024	3,014
2025	2,579
2026	2,356
Thereafter	12,443
Intangible liabilities, net	28,995	$ 34,872
In-place leases
Amortization Expense
2022	14,998
2023	12,097
2024	9,879
2025	8,584
2026	7,638
Thereafter	20,642
Total future amortization expense	73,838
Above-market leases
Amortization Expense
2022	1,684
2023	1,311
2024	989
2025	777
2026	640
Thereafter	1,787
Total future amortization expense	7,188
Deferred leasing costs
Amortization Expense
2022	2,846
2023	1,891
2024	1,605
2025	1,460
2026	1,300
Thereafter	3,325
Total future amortization expense	$ 12,427

Debt - Narrative (Details)

Debt - Narrative (Details)	Sep. 22, 2021USD ($)extensiontranche	Dec. 31, 2021USD ($)interest_rate_swap	Dec. 31, 2020USD ($)interest_rate_swap	Dec. 21, 2018USD ($)
Mortgages Payable [Line Items]
Debt, net		$ 533,082,000	$ 555,109,000
Number of tranches | tranche	2
Number of interest rate swaps | interest_rate_swap		4	4
Mortgages
Mortgages Payable [Line Items]
Long-term debt, net		$ 105,574,000	$ 106,728,000
Unsecured Debt | Term Loan
Mortgages Payable [Line Items]
Long-term debt, net		396,508,000	$ 398,381,000
Debt instrument, face amount	$ 400,000,000
Unsecured Debt | Term Loan, Tranche One
Mortgages Payable [Line Items]
Debt instrument, face amount	$ 200,000,000
Debt instrument, term	5 years
Unsecured Debt | Term Loan, Tranche Two
Mortgages Payable [Line Items]
Debt instrument, face amount	$ 200,000,000
Debt instrument, term	5 years 6 months
Revolving line of credit | Revolving Credit Facility, Amended and Restated
Mortgages Payable [Line Items]
Line of credit		$ 31,000,000
Maximum borrowing capacity	$ 350,000,000			$ 350,000,000
Number of extension options | extension	2
Extension option	6 months

Debt - Mortgages Payable (Detai

Debt - Mortgages Payable (Details) - Mortgages - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Mortgages payable	$ 105,955	$ 107,261
Discount, net of accumulated amortization	(46)	(84)
Debt issuance costs, net of accumulated amortization	(335)	(449)
Total mortgages payable, net	$ 105,574	$ 106,728
Weighted average interest rate (percent)	4.07%	4.07%
Minimum
Debt Instrument [Line Items]
Stated interest rate (percent)	3.49%	3.49%
Maximum
Debt Instrument [Line Items]
Stated interest rate (percent)	4.58%	4.58%

Debt - Mortgage Maturities (Det

Debt - Mortgage Maturities (Details) - Mortgages - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
2022	$ 22,399
2023	39,226
2024	15,700
2025	28,630
2026	0
Thereafter	0
Total	$ 105,955	$ 107,261

Debt - Revolving Line of Credit

Debt - Revolving Line of Credit (Details) - Revolving line of credit - USD ($) $ in Thousands	Dec. 09, 2021	Dec. 29, 2020	Dec. 31, 2021	Dec. 31, 2020
Revolving Line of Credit [Roll Forward]
Beginning Balance, Outstanding borrowings			$ 50,000	$ 0
Draw on March 27, 2020/November 9, 2021			31,000	150,000
Repayment on October 28, 2020/March 11, 2021			(50,000)	(100,000)
Ending Balance, Outstanding borrowings			$ 31,000	$ 50,000
Interest rate (percentage)			1.152%	1.198%
Revolving Credit Facility, Amended and Restated
Revolving Line of Credit [Roll Forward]
Outstanding borrowings			$ 319,000	$ 300,000
Leverage ratio, fee percentage			0.15%	0.15%
Revolving Credit Facility, Amended and Restated | London Interbank Offered Rate (LIBOR)
Revolving Line of Credit [Roll Forward]
Basis spread on variable rate (percent)	1.05%	1.05%

Debt - Unsecured Term Loans (De

Debt - Unsecured Term Loans (Details)	12 Months Ended
	Dec. 31, 2021USD ($)interest_rate_swap	Dec. 31, 2020USD ($)interest_rate_swap	Dec. 01, 2021	Sep. 22, 2021USD ($)	Dec. 01, 2020
Debt Instrument [Line Items]
Number of interest rate swaps | interest_rate_swap	4	4
5 year - swapped to fixed rate | Interest Rate Swap One | Unsecured Debt
Debt Instrument [Line Items]
Debt instrument, face amount	$ 200,000,000	$ 250,000,000
Debt instrument, term	5 years	5 years
Unsecured term loans	$ 100,000,000	$ 100,000,000
Stated interest rate (percent)	2.6795%	2.6795%
5 year - swapped to fixed rate | Interest Rate Swap Two | Unsecured Debt
Debt Instrument [Line Items]
Debt instrument, face amount	$ 200,000,000	$ 250,000,000
Debt instrument, term	5 years	5 years
Unsecured term loans	$ 100,000,000	$ 100,000,000
Stated interest rate (percent)	2.6795%	2.6795%
5.5 year - swapped to fixed rate | Unsecured Debt
Debt Instrument [Line Items]
Debt instrument, face amount	$ 200,000,000
Debt instrument, term	5 years 6 months
Unsecured term loans	$ 50,000,000
Stated interest rate (percent)	2.6915%
5.5 year - swapped to fixed rate | Unsecured Debt
Debt Instrument [Line Items]
Debt instrument, face amount	$ 200,000,000
Debt instrument, term	5 years 6 months
Unsecured term loans	$ 50,000,000
Stated interest rate (percent)	2.699%
5.5 year - variable rate | Unsecured Debt
Debt Instrument [Line Items]
Debt instrument, face amount	$ 200,000,000
Debt instrument, term	5 years 6 months
Unsecured term loans	$ 100,000,000
Stated interest rate (percent)	1.2993%
5.5 year - variable rate | Interest Rate Swap One | Unsecured Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable rate (percent)			1.20%
5 year - variable rate | Unsecured Debt
Debt Instrument [Line Items]
Debt instrument, face amount		$ 250,000,000
Debt instrument, term		5 years
Unsecured term loans		$ 50,000,000
Stated interest rate (percent)		1.3548%
5 year - variable rate | Interest Rate Swap One | Unsecured Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable rate (percent)					1.20%
5.5 year - swapped to fixed rate | Unsecured Debt
Debt Instrument [Line Items]
Debt instrument, face amount		$ 150,000,000
Debt instrument, term		5 years 6 months
Unsecured term loans		$ 50,000,000
Stated interest rate (percent)		2.6915%
5.5 year - swapped to fixed rate | Unsecured Debt
Debt Instrument [Line Items]
Debt instrument, face amount		$ 150,000,000
Debt instrument, term		5 years 6 months
Unsecured term loans		$ 50,000,000
Stated interest rate (percent)		2.699%
5.5 year - variable rate | Unsecured Debt
Debt Instrument [Line Items]
Debt instrument, face amount		$ 150,000,000
Debt instrument, term		5 years 6 months
Unsecured term loans		$ 50,000,000
Stated interest rate (percent)		1.3548%
Term Loan | Unsecured Debt
Debt Instrument [Line Items]
Debt instrument, face amount				$ 400,000,000
Unsecured term loans	$ 400,000,000	$ 400,000,000
Issuance costs, net of accumulated amortization	(3,492,000)	(1,619,000)
Total mortgages payable, net	$ 396,508,000	$ 398,381,000

Debt - Interest Rate Swaps (Det

Debt - Interest Rate Swaps (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)interest_rate_swap	Dec. 31, 2020USD ($)interest_rate_swap
Derivative [Line Items]
Number of interest rate swaps | interest_rate_swap	4	4
Interest Rate Swap | Designated as Hedging Instrument
Derivative [Line Items]
Notional Amount	$ 300,000	$ 300,000
Interest Rate Swap One | Designated as Hedging Instrument
Derivative [Line Items]
Debt instrument, term	5 years	5 years
Notional Amount	$ 100,000	$ 100,000
Company Pays Fixed Rate of	1.4795%	1.57625%
Fixed Rate Achieved	2.6795%	2.77625%
Interest Rate Swap Two | Designated as Hedging Instrument
Derivative [Line Items]
Debt instrument, term	5 years	5 years
Notional Amount	$ 100,000	$ 100,000
Company Pays Fixed Rate of	1.4795%	1.573%
Fixed Rate Achieved	2.6795%	2.773%
Interest Rate Swap Three | Designated as Hedging Instrument
Derivative [Line Items]
Debt instrument, term	5 years 6 months	5 years 6 months
Notional Amount	$ 50,000	$ 50,000
Company Pays Fixed Rate of	1.4915%	1.577%
Fixed Rate Achieved	2.6915%	2.777%
Interest Rate Swap Four | Designated as Hedging Instrument
Derivative [Line Items]
Debt instrument, term	5 years 6 months	5 years 6 months
Notional Amount	$ 50,000	$ 50,000
Company Pays Fixed Rate of	1.499%	1.596%
Fixed Rate Achieved	2.699%	2.796%

Debt - Effect of Derivative Fin

Debt - Effect of Derivative Financial Instruments (Details) - Interest Rate Swap - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of (loss) gain recognized in accumulated comprehensive income	$ 3,795	$ (16,199)	$ 816
Interest expense, net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain (loss) reclassified from accumulated comprehensive income into net income	(4,332)	(2,693)	1,396
Effects of cash flow hedges	$ 16,261	$ 18,749	$ 22,717

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Measurements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis
Deferred amounts in accumulated comprehensive income (loss) that will be reclassified into earnings	$ (3,068)
Fair Value, Measurements, Recurring | Level 1
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis
Derivative interest rate liabilities	0	$ 0
Fair Value, Measurements, Recurring | Level 2
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis
Derivative interest rate liabilities	(4,322)	(12,449)
Fair Value, Measurements, Recurring | Level 3
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis
Derivative interest rate liabilities	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details)	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)property	Dec. 31, 2019USD ($)property
Fair Value Measurements (Additional Textual) [Abstract]
Number of retail properties impaired | property		1	1
Provision for asset impairment	$ 0	$ 9,002,000	$ 2,359,000
Discount Rate | Line of Credit
Fair Value Measurements (Additional Textual) [Abstract]
Weighted average effective market interest rate	0.0239	0.0136
Weighted Average Effective Market rate | Mortgages
Fair Value Measurements (Additional Textual) [Abstract]
Weighted average effective market interest rate	0.0444	0.0425
Unconsolidated Entities
Fair Value Measurements (Additional Textual) [Abstract]
Provision for asset impairment		$ 6,059,000
IAGM Retail Fund I, LLC
Fair Value Measurements (Additional Textual) [Abstract]
Number of retail properties impaired | property		1
Provision for asset impairment		$ 11,016,000
Fair Value, Measurements, Recurring | Level 1
Fair Value Measurements (Additional Textual) [Abstract]
Recurring fair value measurements	$ 0	0
Fair Value, Measurements, Recurring | Level 3
Fair Value Measurements (Additional Textual) [Abstract]
Recurring fair value measurements	0	0
Fair Value, Measurements, Nonrecurring
Fair Value Measurements (Additional Textual) [Abstract]
Provision for asset impairment	0	$ 9,002,000	$ 2,359,000
Fair Value, Measurements, Nonrecurring | IAGM Retail Fund I, LLC | Real Estate | Unconsolidated Entities | Capitalization Rate
Fair Value Measurements (Additional Textual) [Abstract]
Investment property, measurement input		0.0850
Fair Value, Measurements, Nonrecurring | IAGM Retail Fund I, LLC | Real Estate | Unconsolidated Entities | Discount Rate
Fair Value Measurements (Additional Textual) [Abstract]
Investment property, measurement input		0.0950
Fair Value, Measurements, Nonrecurring | Level 3
Fair Value Measurements (Additional Textual) [Abstract]
Recurring fair value measurements	$ 0

Fair Value Measurements - Non-R

Fair Value Measurements - Non-Recurring Measurements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Impairment Loss
Investment properties, total impairment loss	$ 0	$ 9,002	$ 2,359
Fair Value, Measurements, Nonrecurring
Impairment Loss
Investment properties, total impairment loss	0	9,002	2,359
Fair Value, Measurements, Nonrecurring | Level 3
Fair Value
Investment properties	$ 0	$ 5,500	$ 42,250

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments Not Measure at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Carrying Value | Mortgages
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, fair value disclosure	$ 105,955	$ 107,261
Carrying Value | Unsecured Debt | Term Loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Line of credit and term loan, estimated fair value	400,000	400,000
Carrying Value | Revolving line of credit | Revolving Credit Facility, Amended and Restated
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Line of credit and term loan, estimated fair value	31,000	50,000
Estimated Fair Value | Mortgages
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, fair value disclosure	104,938	106,494
Estimated Fair Value | Unsecured Debt | Term Loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Line of credit and term loan, estimated fair value	400,470	400,055
Estimated Fair Value | Revolving line of credit | Revolving Credit Facility, Amended and Restated
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Line of credit and term loan, estimated fair value	$ 31,062	$ 50,032

Earnings Per Share and Equity_3

Earnings Per Share and Equity Transactions - Reconciliation of Amounts Used in Calculating Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net Income (Loss) Attributable to Parent [Abstract]
Net (loss) income from continuing operations	$ (5,360)	$ (10,174)	$ 63,899
Earnings allocated to unvested restricted shares	0	0	(29)
Net (loss) income from continuing operations attributable to common shareholders	(5,360)	(10,174)	63,870
Net loss from discontinued operations attributable to common shareholders	$ 0	$ 0	$ (25,500)
Denominator:
Weighted-average common shares outstanding, basic (in shares)	71,072,933	72,040,623	72,914,406
Effect of unvested restricted shares (in shares)	0	0	76,384
Weighted-average common shares outstanding, diluted (in shares)	71,072,933	72,040,623	72,990,790
Basic and diluted earnings per common share:
Net (loss) income per common share, from continuing operations, basic (in dollars per share)	$ (0.08)	$ (0.14)	$ 0.88
Net (loss) income per common share, from continuing operations, diluted (in dollars per share)	(0.08)	(0.14)	0.88
Net loss per common share, from discontinued operations, basic (in dollars per share)	0	0	(0.35)
Net loss per common share, from discontinued operations, diluted (in dollars per share)	0	0	(0.35)
Net (loss) income per common share, basic (in dollars per share)	(0.08)	(0.14)	0.53
Net (loss) income per common share, diluted (in dollars per share)	$ (0.08)	$ (0.14)	$ 0.53

Earnings Per Share and Equity_4

Earnings Per Share and Equity Transactions - Narrative (Details)	Aug. 05, 2021shares	Dec. 01, 2020$ / shares	Dec. 31, 2021shares	Dec. 31, 2020$ / sharesshares	Dec. 31, 2019shares	Aug. 04, 2021shares
Tender Offer Event [Line Items]
Reverse stock split ratio	0.1
Common stock, number of shares outstanding (in shares)	71,261,403		67,344,374	71,998,654		712,090,283
Additional shares issued (in shares)	52,375
Common Stock
Tender Offer Event [Line Items]
Purchase price (usd per share) | $ / shares		$ 21.70		$ 2.355
Stock repurchase program, discount percentage		25.00%
Net asset value (usd per share) | $ / shares		$ 28.90
Repurchase of common stock (in shares)			755,643	213,612	851,760
Issuance of common stock under dividend reinvestment plan (in shares)				7,904

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 01, 2020	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized	$ 4,756
Stock-based compensation, net	$ 9,116	$ 4,449	$ 5,541
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Weighted average price per share (in dollars per share)	$ 30.12	$ 31.40	$ 31.40	$ 28.90	$ 31.80
Restricted Stock Units (RSUs) | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Restricted Stock Units (RSUs) | 2015 Incentive Award Plan | 2015 Incentive Award Plan approved on June 19, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (shares)	3,000,000
Number of shares available for grant (shares)	1,498,127

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Restricted Stock Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding unvested restricted stock units at beginning of year (shares)	110,382	129,570	154,816
Restricted stock units granted (shares)	209,539	125,579	122,517
Restricted stock units vested (shares)	(167,806)	(114,434)	(127,519)
Restricted stock units forfeited (shares)	(13,880)	(30,333)	(20,244)
Outstanding unvested restricted stock units at end of year (shares)	138,235	110,382	129,570
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted average grant date, beginning of year (in dollars per share)	$ 31.40	$ 31.40	$ 31.80
Weighted average price at grant date, restricted stock units granted (in dollars per share)	28.90	31.40	31.40
Weighted average price at grant date, restricted stock units vested (in dollars per share)	30.04	31.40	31.80
Weighted average price at grant date, restricted stock units forfeited (in dollars per share)	30.73	31.40	31.70
Weighted average grant date, end of year (in dollars per share)	$ 30.12	$ 31.40	$ 31.40
Performance Based Restricted Stock Units RSU
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding unvested restricted stock units at beginning of year (shares)	332,095	138,964
Restricted stock units granted (shares)	218,835	248,434	145,081
Restricted stock units vested (shares)	0	0	0
Restricted stock units forfeited (shares)	(79,562)	(55,303)	(6,117)
Outstanding unvested restricted stock units at end of year (shares)	471,368	332,095	138,964

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Jun. 14, 2019	Dec. 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Jan. 01, 2019
Loss Contingencies [Line Items]
Losses from discontinued operations related to claims		$ 25,500
Operating lease ROU assets			$ 2,961	$ 2,696
Operating lease liabilities			$ 3,189	$ 1,976
Accounting Standards Update 2016-02
Loss Contingencies [Line Items]
Operating lease ROU assets					$ 2,890
Operating lease liabilities					$ 3,114
University House Communities Group, Inc | Settled Litigation
Loss Contingencies [Line Items]
Litigation settlement, amount awarded to other party	$ 30,000

Commitments and Contingencies -

Commitments and Contingencies - Operating and Finance Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Operating lease ROU assets	$ 2,961	$ 2,696
Operating lease ROU accumulated amortization	(215)	(896)
Operating lease liabilities	3,189	1,976
Finance lease ROU assets	1,641	1,641
Finance lease ROU accumulated amortization	(406)	(297)
Finance lease liabilities	$ 283	$ 673
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Deferred costs and other assets, net	Deferred costs and other assets, net
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Building and other improvements	Building and other improvements
Finance Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities

Commitments and Contingencies_3

Commitments and Contingencies - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Minimum operating lease payments	$ 515	$ 663
Variable operating lease payments	163	276
Short-term operating lease payments	174	124
ROU amortization of finance leases	109	109
Interest expense of finance leases	24	37
Total lease cost	$ 985	$ 1,209
Weighted-average remaining lease term of operating leases	7 years 10 months 24 days	4 years
Weighted-average remaining lease term of finance leases	1 year	1 year 9 months 18 days
Weighted-average discount rate of operating leases	4.36%	4.44%
Weighted-average discount rate of finance leases	3.50%	3.50%

Commitments and Contingencies_4

Commitments and Contingencies - Future Minimum Lease Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating Leases
2022	$ 152
2023	513
2024	575
2025	456
2026	460
Thereafter	1,740
Total expected minimum lease obligation	3,896
Less: Amount representing interest	(707)
Operating lease liabilities	3,189	$ 1,976
Finance Leases
2022	279
2023	21
2024	0
2025	0
2026	0
Thereafter	0
Total expected minimum lease obligation	300
Less: Amount representing interest	(17)
Finance lease, present value of net minimum lease payments	$ 283	$ 673

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event - Escarpment Village and The Shops at Arbor Trails ft² in Thousands, $ in Millions	Feb. 02, 2022USD ($)ft²property
Subsequent Event [Line Items]
Number of properties acquired | property	2
Purchase price	$ 189.3
Mortgage debt assumed	57.5
Proceeds from long-term lines of credit	$ 105
Escarpment Village
Subsequent Event [Line Items]
Gross leasable area (square feet) | ft²	168
The Shops At Arbor Trails
Subsequent Event [Line Items]
Gross leasable area (square feet) | ft²	357

Schedule III - Real Estate An_2

Schedule III - Real Estate And Accumulated Depreciation Property - Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Real Estate and Accumulated Depreciation [Line Items]
Initial cost of land	$ 590,084
Initial cost of buildings and improvements	1,573,287
Adjustments to land basis	8,852
Adjustment to basis	100,880
Gross amount of land and improvements	598,936
Gross amount of buildings and improvements	1,674,167
Total gross amount	2,273,103	$ 2,221,689	$ 2,204,891	$ 2,242,283
Accumulated depreciation	350,256	$ 292,248	$ 246,702	$ 286,330
Retail
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	105,955
Initial cost of land	590,084
Initial cost of buildings and improvements	1,573,287
Adjustments to land basis	8,852
Adjustment to basis	91,238
Gross amount of land and improvements	598,936
Gross amount of buildings and improvements	1,664,525
Total gross amount	2,263,461
Accumulated depreciation	350,256
Retail | Antoine Town Center Houston, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	5,327
Initial cost of buildings and improvements	14,333
Adjustments to land basis	0
Adjustment to basis	37
Gross amount of land and improvements	5,327
Gross amount of buildings and improvements	14,370
Total gross amount	19,697
Accumulated depreciation	1,210
Retail | Bear Creek Village Center Wildomar, CA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	3,523
Initial cost of buildings and improvements	12,384
Adjustments to land basis	0
Adjustment to basis	427
Gross amount of land and improvements	3,523
Gross amount of buildings and improvements	12,811
Total gross amount	16,334
Accumulated depreciation	5,904
Retail | Bent Tree Plaza Raleigh, NC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	1,983
Initial cost of buildings and improvements	7,093
Adjustments to land basis	0
Adjustment to basis	1,880
Gross amount of land and improvements	1,983
Gross amount of buildings and improvements	8,973
Total gross amount	10,956
Accumulated depreciation	3,874
Retail | Buckhead Crossing Atlanta, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	7,565
Initial cost of buildings and improvements	27,104
Adjustments to land basis	0
Adjustment to basis	1,275
Gross amount of land and improvements	7,565
Gross amount of buildings and improvements	28,379
Total gross amount	35,944
Accumulated depreciation	13,218
Retail | Campus Marketplace San Marcos, CA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	26,928
Initial cost of buildings and improvements	43,445
Adjustments to land basis	55
Adjustment to basis	467
Gross amount of land and improvements	26,983
Gross amount of buildings and improvements	43,912
Total gross amount	70,895
Accumulated depreciation	7,828
Retail | Cary Park Town Center Cary, NC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	5,555
Initial cost of buildings and improvements	17,280
Adjustments to land basis	0
Adjustment to basis	22
Gross amount of land and improvements	5,555
Gross amount of buildings and improvements	17,302
Total gross amount	22,857
Accumulated depreciation	2,805
Retail | Centerplace of Greeley Greeley, CO
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	3,904
Initial cost of buildings and improvements	14,715
Adjustments to land basis	(23)
Adjustment to basis	662
Gross amount of land and improvements	3,881
Gross amount of buildings and improvements	15,377
Total gross amount	19,258
Accumulated depreciation	6,944
Retail | Cheyenne Meadows Colorado Springs, CO
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	2,023
Initial cost of buildings and improvements	6,991
Adjustments to land basis	0
Adjustment to basis	303
Gross amount of land and improvements	2,023
Gross amount of buildings and improvements	7,294
Total gross amount	9,317
Accumulated depreciation	3,380
Retail | Commons at University Place Durham, NC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	3,198
Initial cost of buildings and improvements	17,909
Adjustments to land basis	0
Adjustment to basis	0
Gross amount of land and improvements	3,198
Gross amount of buildings and improvements	17,909
Total gross amount	21,107
Accumulated depreciation	1,817
Retail | Coweta Crossing Newnan, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	1,143
Initial cost of buildings and improvements	4,590
Adjustments to land basis	0
Adjustment to basis	8
Gross amount of land and improvements	1,143
Gross amount of buildings and improvements	4,598
Total gross amount	5,741
Accumulated depreciation	2,284
Retail | Custer Creek Village Richardson, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	4,750
Initial cost of buildings and improvements	12,245
Adjustments to land basis	0
Adjustment to basis	1,760
Gross amount of land and improvements	4,750
Gross amount of buildings and improvements	14,005
Total gross amount	18,755
Accumulated depreciation	6,449
Retail | Eldorado Marketplace Frisco, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	15,732
Initial cost of buildings and improvements	49,311
Adjustments to land basis	0
Adjustment to basis	127
Gross amount of land and improvements	15,732
Gross amount of buildings and improvements	49,438
Total gross amount	65,170
Accumulated depreciation	4,091
Retail | Eldridge Town Center & Windermere Village Houston, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	5,380
Initial cost of buildings and improvements	22,994
Adjustments to land basis	1,977
Adjustment to basis	5,770
Gross amount of land and improvements	7,357
Gross amount of buildings and improvements	28,764
Total gross amount	36,121
Accumulated depreciation	12,134
Retail | Garden Village San Pedro, CA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	3,188
Initial cost of buildings and improvements	16,522
Adjustments to land basis	3,268
Adjustment to basis	1,470
Gross amount of land and improvements	6,456
Gross amount of buildings and improvements	17,992
Total gross amount	24,448
Accumulated depreciation	7,675
Retail | Gateway Market Center St. Petersburg, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	13,600
Initial cost of buildings and improvements	4,992
Adjustments to land basis	0
Adjustment to basis	4,421
Gross amount of land and improvements	13,600
Gross amount of buildings and improvements	9,413
Total gross amount	23,013
Accumulated depreciation	2,884
Retail | Kennesaw Marketplace Kennesaw, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	12,587
Initial cost of buildings and improvements	51,860
Adjustments to land basis	0
Adjustment to basis	420
Gross amount of land and improvements	12,587
Gross amount of buildings and improvements	52,280
Total gross amount	64,867
Accumulated depreciation	6,541
Retail | Kyle Marketplace Kyle, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	6,076
Initial cost of buildings and improvements	48,220
Adjustments to land basis	0
Adjustment to basis	468
Gross amount of land and improvements	6,076
Gross amount of buildings and improvements	48,688
Total gross amount	54,764
Accumulated depreciation	7,412
Retail | Lakeside & Lakeside Crossing Winter Park, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	16,594
Initial cost of buildings and improvements	41,085
Adjustments to land basis	0
Adjustment to basis	(237)
Gross amount of land and improvements	16,594
Gross amount of buildings and improvements	40,848
Total gross amount	57,442
Accumulated depreciation	4,031
Retail | Market at Westlake Westlake Hills, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	1,200
Initial cost of buildings and improvements	6,274
Adjustments to land basis	(64)
Adjustment to basis	210
Gross amount of land and improvements	1,136
Gross amount of buildings and improvements	6,484
Total gross amount	7,620
Accumulated depreciation	3,257
Retail | Northcross Commons Charlotte, NC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	7,591
Initial cost of buildings and improvements	21,303
Adjustments to land basis	0
Adjustment to basis	637
Gross amount of land and improvements	7,591
Gross amount of buildings and improvements	21,940
Total gross amount	29,531
Accumulated depreciation	4,067
Retail | Old Grove Marketplace Oceanside, CA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	12,545
Initial cost of buildings and improvements	8,902
Adjustments to land basis	0
Adjustment to basis	232
Gross amount of land and improvements	12,545
Gross amount of buildings and improvements	9,134
Total gross amount	21,679
Accumulated depreciation	1,885
Retail | Pavilion at La Quinta LaQuinta, CA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	22,399
Initial cost of land	15,200
Initial cost of buildings and improvements	20,947
Adjustments to land basis	0
Adjustment to basis	1,571
Gross amount of land and improvements	15,200
Gross amount of buildings and improvements	22,518
Total gross amount	37,718
Accumulated depreciation	10,122
Retail | Peachland Promenade Port Charlotte, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	1,742
Initial cost of buildings and improvements	6,502
Adjustments to land basis	4,158
Adjustment to basis	9,450
Gross amount of land and improvements	5,900
Gross amount of buildings and improvements	15,952
Total gross amount	21,852
Accumulated depreciation	2,291
Retail | PGA Plaza Palm Beach Gardens, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	10,414
Initial cost of buildings and improvements	75,730
Adjustments to land basis	0
Adjustment to basis	698
Gross amount of land and improvements	10,414
Gross amount of buildings and improvements	76,428
Total gross amount	86,842
Accumulated depreciation	9,237
Retail | Plantation Grove Ocoee, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	7,300
Initial cost of land	3,705
Initial cost of buildings and improvements	6,300
Adjustments to land basis	0
Adjustment to basis	719
Gross amount of land and improvements	3,705
Gross amount of buildings and improvements	7,019
Total gross amount	10,724
Accumulated depreciation	1,927
Retail | Plaza Midtown Atlanta, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	5,295
Initial cost of buildings and improvements	23,946
Adjustments to land basis	0
Adjustment to basis	381
Gross amount of land and improvements	5,295
Gross amount of buildings and improvements	24,327
Total gross amount	29,622
Accumulated depreciation	3,509
Retail | Prestonwood Town Center Dallas, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	22,055
Initial cost of buildings and improvements	22,140
Adjustments to land basis	0
Adjustment to basis	0
Gross amount of land and improvements	22,055
Gross amount of buildings and improvements	22,140
Total gross amount	44,195
Accumulated depreciation	547
Retail | Renaissance Center Durham, NC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	14,107
Initial cost of land	26,713
Initial cost of buildings and improvements	96,141
Adjustments to land basis	0
Adjustment to basis	4,763
Gross amount of land and improvements	26,713
Gross amount of buildings and improvements	100,904
Total gross amount	127,617
Accumulated depreciation	21,283
Retail | Rio Pinar Plaza Orlando, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	5,171
Initial cost of buildings and improvements	26,903
Adjustments to land basis	676
Adjustment to basis	1,758
Gross amount of land and improvements	5,847
Gross amount of buildings and improvements	28,661
Total gross amount	34,508
Accumulated depreciation	6,076
Retail | River Oaks Santa Clarita, CA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	24,598
Initial cost of buildings and improvements	88,418
Adjustments to land basis	0
Adjustment to basis	1,081
Gross amount of land and improvements	24,598
Gross amount of buildings and improvements	89,499
Total gross amount	114,097
Accumulated depreciation	13,340
Retail | Riverview Village Arlington, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	6,000
Initial cost of buildings and improvements	9,649
Adjustments to land basis	0
Adjustment to basis	908
Gross amount of land and improvements	6,000
Gross amount of buildings and improvements	10,557
Total gross amount	16,557
Accumulated depreciation	5,526
Retail | Riverview Market Flower Mound, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	5,931
Initial cost of buildings and improvements	23,922
Adjustments to land basis	0
Adjustment to basis	548
Gross amount of land and improvements	5,931
Gross amount of buildings and improvements	24,470
Total gross amount	30,401
Accumulated depreciation	4,557
Retail | Rose Creek Woodstock, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	1,443
Initial cost of buildings and improvements	5,630
Adjustments to land basis	0
Adjustment to basis	500
Gross amount of land and improvements	1,443
Gross amount of buildings and improvements	6,130
Total gross amount	7,573
Accumulated depreciation	2,767
Retail | Sandy Plains Centre Marietta, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	12,364
Initial cost of buildings and improvements	27,270
Adjustments to land basis	652
Adjustment to basis	2,182
Gross amount of land and improvements	13,016
Gross amount of buildings and improvements	29,452
Total gross amount	42,468
Accumulated depreciation	3,024
Retail | Sarasota Pavilion Sarasota, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	12,000
Initial cost of buildings and improvements	25,823
Adjustments to land basis	0
Adjustment to basis	4,796
Gross amount of land and improvements	12,000
Gross amount of buildings and improvements	30,619
Total gross amount	42,619
Accumulated depreciation	11,730
Retail | Scofield Crossing Austin, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	8,100
Initial cost of buildings and improvements	4,992
Adjustments to land basis	(576)
Adjustment to basis	3,454
Gross amount of land and improvements	7,524
Gross amount of buildings and improvements	8,446
Total gross amount	15,970
Accumulated depreciation	3,122
Retail | Shops at Fairview Town Center Fairview, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	7,299
Initial cost of buildings and improvements	25,233
Adjustments to land basis	0
Adjustment to basis	208
Gross amount of land and improvements	7,299
Gross amount of buildings and improvements	25,441
Total gross amount	32,740
Accumulated depreciation	2,230
Retail | Shops at The Galleria Bee Cave, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	52,104
Initial cost of buildings and improvements	75,651
Adjustments to land basis	0
Adjustment to basis	2,006
Gross amount of land and improvements	52,104
Gross amount of buildings and improvements	77,657
Total gross amount	129,761
Accumulated depreciation	16,117
Retail | Sonterra Village San Antonio, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	5,150
Initial cost of buildings and improvements	15,095
Adjustments to land basis	(181)
Adjustment to basis	689
Gross amount of land and improvements	4,969
Gross amount of buildings and improvements	15,784
Total gross amount	20,753
Accumulated depreciation	3,350
Retail | Southern Palm Crossing Royal Palm Beach, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	37,735
Initial cost of buildings and improvements	49,843
Adjustments to land basis	(745)
Adjustment to basis	260
Gross amount of land and improvements	36,990
Gross amount of buildings and improvements	50,103
Total gross amount	87,093
Accumulated depreciation	4,698
Retail | Stevenson Ranch Stevenson Ranch, CA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	29,519
Initial cost of buildings and improvements	39,190
Adjustments to land basis	0
Adjustment to basis	139
Gross amount of land and improvements	29,519
Gross amount of buildings and improvements	39,329
Total gross amount	68,848
Accumulated depreciation	8,035
Retail | Suncrest Village Orlando, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	8,400
Initial cost of land	6,742
Initial cost of buildings and improvements	6,403
Adjustments to land basis	0
Adjustment to basis	(1,374)
Gross amount of land and improvements	6,742
Gross amount of buildings and improvements	5,029
Total gross amount	11,771
Accumulated depreciation	1,427
Retail | Sycamore Commons Matthews, NC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	12,500
Initial cost of buildings and improvements	31,265
Adjustments to land basis	0
Adjustment to basis	2,015
Gross amount of land and improvements	12,500
Gross amount of buildings and improvements	33,280
Total gross amount	45,780
Accumulated depreciation	14,245
Retail | The Centre on Hugh Howell Tucker, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	2,250
Initial cost of buildings and improvements	11,091
Adjustments to land basis	0
Adjustment to basis	1,007
Gross amount of land and improvements	2,250
Gross amount of buildings and improvements	12,098
Total gross amount	14,348
Accumulated depreciation	6,599
Retail | The Parke Cedar Park, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	9,271
Initial cost of buildings and improvements	83,078
Adjustments to land basis	0
Adjustment to basis	1,162
Gross amount of land and improvements	9,271
Gross amount of buildings and improvements	84,240
Total gross amount	93,511
Accumulated depreciation	13,131
Retail | The Pointe at Creedmoor Raleigh, NC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	7,507
Initial cost of buildings and improvements	5,454
Adjustments to land basis	0
Adjustment to basis	55
Gross amount of land and improvements	7,507
Gross amount of buildings and improvements	5,509
Total gross amount	13,016
Accumulated depreciation	1,222
Retail | The Shops at Town Center & Century Station Germantown, MD
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	19,998
Initial cost of buildings and improvements	29,776
Adjustments to land basis	0
Adjustment to basis	849
Gross amount of land and improvements	19,998
Gross amount of buildings and improvements	30,625
Total gross amount	50,623
Accumulated depreciation	5,228
Retail | The Shops at Walnut Creek Westminster, CO
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	28,630
Initial cost of land	10,132
Initial cost of buildings and improvements	44,089
Adjustments to land basis	0
Adjustment to basis	6,530
Gross amount of land and improvements	10,132
Gross amount of buildings and improvements	50,619
Total gross amount	60,751
Accumulated depreciation	11,222
Retail | Thomas Crossroadas Newnan, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	1,622
Initial cost of buildings and improvements	8,322
Adjustments to land basis	0
Adjustment to basis	1,552
Gross amount of land and improvements	1,622
Gross amount of buildings and improvements	9,874
Total gross amount	11,496
Accumulated depreciation	4,129
Retail | Travilah Square Rockville, MD
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	8,964
Initial cost of buildings and improvements	39,836
Adjustments to land basis	0
Adjustment to basis	298
Gross amount of land and improvements	8,964
Gross amount of buildings and improvements	40,134
Total gross amount	49,098
Accumulated depreciation	3,163
Retail | Trowbridge Crossing Sandy Springs, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	2,366
Initial cost of buildings and improvements	7,808
Adjustments to land basis	0
Adjustment to basis	311
Gross amount of land and improvements	2,366
Gross amount of buildings and improvements	8,119
Total gross amount	10,485
Accumulated depreciation	503
Retail | University Oaks Shopping Center Round Rock, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	25,119
Initial cost of land	7,250
Initial cost of buildings and improvements	25,326
Adjustments to land basis	(170)
Adjustment to basis	8,504
Gross amount of land and improvements	7,080
Gross amount of buildings and improvements	33,830
Total gross amount	40,910
Accumulated depreciation	14,405
Retail | Westfork Plaza & Paraiso Parc Pembroke Pines, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	28,267
Initial cost of buildings and improvements	124,019
Adjustments to land basis	0
Adjustment to basis	5,414
Gross amount of land and improvements	28,267
Gross amount of buildings and improvements	129,433
Total gross amount	157,700
Accumulated depreciation	21,891
Retail | Westpark Shopping Center Glen Allen, VA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	7,462
Initial cost of buildings and improvements	24,164
Adjustments to land basis	(4)
Adjustment to basis	4,732
Gross amount of land and improvements	7,458
Gross amount of buildings and improvements	28,896
Total gross amount	36,354
Accumulated depreciation	5,458
Retail | Windward Commons Alpharetta, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	12,823
Initial cost of buildings and improvements	13,779
Adjustments to land basis	(171)
Adjustment to basis	870
Gross amount of land and improvements	12,652
Gross amount of buildings and improvements	14,649
Total gross amount	27,301
Accumulated depreciation	2,914
Retail | Total corporate assets
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	0
Initial cost of buildings and improvements	0
Adjustments to land basis	0
Adjustment to basis	2,843
Gross amount of land and improvements	0
Gross amount of buildings and improvements	2,843
Total gross amount	2,843
Accumulated depreciation	1,541
Construction in progress
Real Estate and Accumulated Depreciation [Line Items]
Initial cost of land	0
Initial cost of buildings and improvements	0
Adjustments to land basis	0
Adjustment to basis	9,642
Gross amount of land and improvements	0
Gross amount of buildings and improvements	9,642
Total gross amount	9,642
Accumulated depreciation	$ 0

Schedule III - Real Estate An_3

Schedule III - Real Estate And Accumulated Depreciation Property - Real Estate and Accumulated Depreciation Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Real Estate and Accumulated Depreciation [Line Items]
Aggregate cost of real estate owned	$ 2,503,849
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	2,221,689	$ 2,204,891	$ 2,242,283
Acquisitions and capital improvements	71,324	52,222	359,753
Disposals and write-offs of assets no longer in service	(19,910)	(35,424)	(397,145)
Balance at end of period	2,273,103	2,221,689	2,204,891
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at beginning of period	292,248	246,702	286,330
Depreciation expense	66,275	61,897	66,808
Disposal and write-offs of assets no longer in service	(8,267)	(16,351)	(106,436)
Balance at end of period	$ 350,256	$ 292,248	$ 246,702
Building and other improvements | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated lives used to compute depreciation	15 years
Building and other improvements | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated lives used to compute depreciation	30 years
Furniture, fixtures and equipment | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated lives used to compute depreciation	5 years
Furniture, fixtures and equipment | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated lives used to compute depreciation	20 years