Wheeler Real Estate Investment Trust (WHLR) 10-K 7 Mar 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 05, 2018	Jun. 30, 2017
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Registrant Name	Wheeler Real Estate Investment Trust, Inc.
Entity Central Index Key	1,527,541
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		8,946,399
Entity Public Float			$ 86,033,901

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
ASSETS:
Investment properties, net	$ 384,334	$ 388,880
Cash and cash equivalents	3,677	4,863
Restricted cash	8,609	9,652
Rents and other tenant receivables, net	5,619	3,984
Related party receivables, net	0	1,456
Notes receivable, net	6,739	12,000
Goodwill	5,486	5,486
Assets held for sale	0	366
Above market lease intangible, net	8,778	12,962
Deferred costs and other assets, net	34,432	49,397
Total Assets	457,674	489,046
LIABILITIES:
Loans payable, net	308,122	305,973
Liabilities associated with assets held for sale	0	1,350
Below market lease intangible, net	9,616	12,680
Accounts payable, accrued expenses and other liabilities	10,624	7,735
Dividends payable	5,480	3,586
Total Liabilities	333,842	331,324
Commitments and contingencies	0	0
EQUITY:
Common Stock ($0.01 par value, 18,750,000 shares authorized, 8,744,189 and 8,503,819 shares issued and outstanding, respectively)	87	85
Additional paid-in capital	226,978	223,939
Accumulated deficit	(204,925)	(170,377)
Total Shareholders’ Equity	63,508	94,833
Noncontrolling interests	7,088	10,359
Total Equity	70,596	105,192
Total Liabilities and Equity	457,674	489,046
Series D Preferred Stock [Member]
EQUITY:
Preferred stock	53,236	52,530
Preferred Class A [Member]
EQUITY:
Preferred stock	453	453
Preferred Class B [Member]
EQUITY:
Preferred stock	$ 40,915	$ 40,733

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Preferred Stock, Shares Outstanding	562	4,500
Preferred Stock, Liquidation Preference, Value	$ 562	$ 55,930
Common stock, Par value (in usd per share)	$ 0.01	$ 0.01
Common stock, Shares authorized	18,750,000	18,750,000
Common stock, Shares issued	8,744,189	8,503,819
Common Stock, Shares, Outstanding	8,744,189	8,503,819
Series A Preferred Stock
Preferred stock, No par value
Preferred stock, Shares authorized	4,500	4,500
Preferred stock issued (in shares)	562	562
Preferred Stock, Shares Outstanding	562	562
Series B Preferred Stock
Preferred stock, No par value
Preferred stock, Shares authorized	5,000,000	5,000,000
Preferred stock issued (in shares)	1,875,848	1,871,244
Preferred Stock, Shares Outstanding	1,875,848	1,871,244
Preferred Stock, Liquidation Preference, Value	$ 46,900	$ 46,780
Series D Preferred Stock [Member]
Preferred stock, No par value
Preferred stock, Shares authorized	4,000,000	4,000,000
Preferred stock issued (in shares)	2,237,000	2,237,000
Preferred Stock, Shares Outstanding	2,237,000	2,237,000
Preferred Stock, Liquidation Preference, Value	$ 55,930

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
REVENUE:
Rental revenues	$ 44,156	$ 33,165	$ 20,554
Asset management fees	927	855	589
Commissions	899	964	362
Tenant reimbursements	11,032	8,649	5,885
Development and other revenues	1,521	527	225
Total Revenue	58,535	44,160	27,615
OPERATING EXPENSES:
Property operations	15,389	11,898	8,351
Non-REIT management and leasing services	927	1,567	1,175
Depreciation and amortization	26,231	20,637	16,882
Provision for credit losses	2,821	425	243
Impairment of notes receivable	5,261	0	0
Corporate general & administrative	7,364	9,924	13,416
Total Operating Expenses	57,993	44,451	40,067
Operating Income (Loss)	542	(291)	(12,452)
Gain on disposal of properties	1,021	0	0
Interest income	1,443	692	119
Interest expense	(17,165)	(13,356)	(9,044)
Net Loss from Continuing Operations Before Income Taxes	(14,159)	(12,955)	(21,377)
Income tax expense	(137)	(107)	0
Net Loss from Continuing Operations	(14,296)	(13,062)	(21,377)
Income from discontinued operations	16	136	500
Gain on disposal of properties	1,502	688	2,104
Net Income from Discontinued Operations	1,518	824	2,604
Net Loss	(12,778)	(12,238)	(18,773)
Less: Net loss attributable to noncontrolling interests	(684)	(1,035)	(1,253)
Net Loss Attributable to Wheeler REIT	(12,094)	(11,203)	(17,520)
Preferred Stock dividends	(9,969)	(4,713)	(13,628)
Deemed dividend related to beneficial conversion feature of Preferred Stock	0	0	(72,645)
Net Loss Attributable to Wheeler REIT Common Shareholders	$ (22,063)	$ (15,916)	$ (103,793)
Loss per share:
Loss per share from continuing operations (basic and diluted) (in dollars per share)	$ (2.70)	$ (1.98)	$ (21.78)
Income per share from discontinued operations (in dollars per share)	0.16	0.09	0.46
Earnings Per Share, Basic and Diluted (in dollars per share)	$ (2.54)	$ (1.89)	$ (21.32)
Weighted-average number of shares:
Basic and Diluted (in shares)	8,654,240	8,420,374	4,867,559
Dividends declared per common share (in dollars per share)	$ 1.44	$ 1.68	$ 1.82

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Series A Preferred Stock	Series B Preferred Stock	Series C Preferred Stock	Preferred Stock [Member]Series A Preferred Stock	Preferred Stock [Member]Series A Preferred StockExchange of Stock for Stock [Member]	Preferred Stock [Member]Series B Preferred Stock	Preferred Stock [Member]Series B Preferred StockExchange of Stock for Stock [Member]	Preferred Stock [Member]Series C Preferred Stock	Common Stock [Member]	Common Stock [Member]Exchange of Stock for Stock [Member]	Common Stock [Member]Series B Preferred Stock	Common Stock [Member]Series C Preferred Stock	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member]Exchange of Stock for Stock [Member]	Additional Paid-in Capital [Member]Series B Preferred Stock	Additional Paid-in Capital [Member]Series C Preferred Stock	Accumulated Deficit [Member]	Total Shareholders' Equity [Member]	Total Shareholders' Equity [Member]Series B Preferred Stock	Total Shareholders' Equity [Member]Series C Preferred Stock	Noncontrolling Interests [Member]
Preferred Stock, Beginning balance (in shares) at Dec. 31, 2014					1,809		1,648,900		0
Common Stock, Beginning balance (in shares) at Dec. 31, 2014										939,122
Units, Beginning Balance (in shares) at Dec. 31, 2014																						445,952
Stocks, Beginning Balance at Dec. 31, 2014	$ 53,120				$ 1,458		$ 37,620		$ 0	$ 9				$ 31,142				$ (27,660)	$ 42,569			$ 10,551
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accretion of Preferred Stock discounts	$ 8,925		$ 2,341	$ 6,584			$ 2,341		$ 6,584											$ 2,341	$ 6,584
Conversion of preferred stock to common stock (in shares)						(1,247)	(54,300)	(865,481)	(93,000)		(1,430,250)	(33,938)	(5,812,500)
Conversion of preferred stock to common stock						$ (1,005)	$ (1,239)	$ (21,637)	$ (93,000)		$ 14		$ 58		$ 22,628	$ 1,239	$ 92,942
Reclass of preferred stock to equity, net of expenses (in shares)									93,000
Reclass of preferred stock to equity, net of expenses				$ 86,416					$ 86,416												$ 86,416
Conversion of Operating Partnership units to common stock (in shares)										(26,630)												(26,630)
Conversion of Operating Partnership units to Common Stock														482					482			$ (482)
Issuance of common stock under Share Incentive Plan (in shares)	30,362									40,019
Issuance of Common Stock under Share Incentive Plan	$ 697									$ 1				696					697
Noncontrolling interest investments (in shares)																						87,589
Noncontrolling interest investments	1,575																					$ 1,575
Discount on UPREIT shares	(1,181)																					(1,181)
Adjustment for noncontrolling interest in operating partnership														(824)					(824)			824
Dividends and distributions	(23,414)																	(22,481)	(22,481)
Dividends and distributions, decrease Noncontrolling Interests																						(933)
Deemed dividend for beneficial conversion feature	72,645													72,645				(72,645)
Net loss	(18,773)																	(17,520)	(17,520)			$ (1,253)
Preferred Stock, Ending balance (in shares) at Dec. 31, 2015			729,119		562		729,119		0
Common Stock, Ending balance (in shares) at Dec. 31, 2015										8,282,459
Units, Ending balance (in shares) at Dec. 31, 2015																						506,911
Stocks, Ending Balance at Dec. 31, 2015	107,365				$ 453		$ 17,085		$ 0	$ 82				220,950				(140,306)	98,264			$ 9,101
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accretion of Preferred Stock discounts	417		$ 265				$ 265													265
Conversion of preferred stock to common stock (in shares)							(100)			(174,626)		(63)
Conversion of preferred stock to common stock	1,604						$ (2)			$ 2		$ 0		1,602		$ 2			1,604
Issuance of common stock under Share Incentive Plan (in shares)										46,671
Issuance of Common Stock under Share Incentive Plan	579									$ 1				578					579
Noncontrolling interest investments (in shares)																						255,043
Noncontrolling interest investments	4,273																					$ 4,273
Adjustment for noncontrolling interest in operating partnership														807					807			(807)
Dividends and distributions	(20,041)																	(18,868)	(18,868)
Dividends and distributions, decrease Noncontrolling Interests																						(1,173)
Deemed dividend for beneficial conversion feature	0
Net loss	$ (12,238)																	(11,203)	(11,203)			$ (1,035)
Issuance of stocks, net of expenses (in shares)							1,142,225
Issuance of stocks, net of expenses			$ 23,385				$ 23,385													23,385
Preferred Stock, Ending balance (in shares) at Dec. 31, 2016	4,500	562	1,871,244		562		1,871,244		0
Common Stock, Ending balance (in shares) at Dec. 31, 2016	8,503,819									8,503,819
Units, Ending balance (in shares) at Dec. 31, 2016																						761,954
Stocks, Ending Balance at Dec. 31, 2016	$ 105,192				$ 453		$ 40,733		$ 0	$ 85				223,939				(170,377)	94,833			$ 10,359
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accretion of Preferred Stock discounts	809		$ 86				$ 86													86
Conversion of preferred stock to common stock (in shares)										(2,509)
Conversion of preferred stock to common stock	31									$ 0				31					31
Conversion of Operating Partnership units to common stock (in shares)										(126,870)												(126,870)
Conversion of Operating Partnership units to Common Stock										$ 1				1,370					1,371			$ (1,371)
Issuance of common stock under Share Incentive Plan (in shares)										110,991
Issuance of Common Stock under Share Incentive Plan	1,416									$ 1				1,415					1,416
Adjustment for noncontrolling interest in operating partnership														223					223			(223)
Dividends and distributions	(23,446)																	(22,454)	(22,454)
Dividends and distributions, decrease Noncontrolling Interests																						(992)
Deemed dividend for beneficial conversion feature	0
Net loss	(12,778)																	(12,094)	(12,094)			$ (684)
Issuance of stocks, net of expenses (in shares)							4,604
Issuance of stocks, net of expenses			$ 96				$ 96													$ 96
Redemption of fractional units as a result of reverse stock split (in shares)																						(66)
Redemption of fractional units as a result of reverse stock split	$ (1)																					$ (1)
Preferred Stock, Ending balance (in shares) at Dec. 31, 2017	562	562	1,875,848		562		1,875,848		0
Common Stock, Ending balance (in shares) at Dec. 31, 2017	8,744,189									8,744,189
Units, Ending balance (in shares) at Dec. 31, 2017																						635,018
Stocks, Ending Balance at Dec. 31, 2017	$ 70,596				$ 453		$ 40,915		$ 0	$ 87				$ 226,978				$ (204,925)	$ 63,508			$ 7,088

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (12,778)	$ (12,238)	$ (18,773)
Adjustments to reconcile consolidated net loss to net cash from (used in) operating activities
Depreciation	10,590	7,883	5,370
Amortization	15,641	12,754	11,512
Loan cost amortization	3,087	2,126	1,191
Above (below) market lease amortization, net	453	29	620
Share-based compensation	870	1,454	547
Gain on disposal of properties-discontinued operations	(1,021)	0	0
Gain on disposal of properties-discontinued operations	(1,502)	(688)	(2,104)
Provision for credit losses	2,821	425	243
Impairment on charge on note receivable from related party	5,261	0	0
Changes in assets and liabilities, net of acquisitions
Rent and other tenant receivables, net	(990)	(1,065)	(1,450)
Unbilled rent	(1,101)	(384)	(258)
Related party receivables	(909)	(974)	(10)
Cash restricted for operating property reserves	920	(658)	(1,294)
Deferred costs and other assets, net	(53)	(695)	(1,829)
Accounts payable, accrued expenses and other liabilities	3,440	2,474	230
Net operating cash flows provided by (used in) discontinued operations	32	(1)	679
Net cash from (used in) operating activities	24,761	10,442	(5,326)
CASH FLOWS FROM INVESTING ACTIVITIES:
Investment property acquisitions	0	(49,159)	(62,027)
Capital expenditures	(7,367)	(1,958)	(531)
Issuance of notes receivable	0	(9,404)	0
(Increase) decrease in capital property reserves	101	(1,401)	(1,927)
Cash received from disposal of properties	2,416	0	0
Cash received from disposal of properties-discontinued operations	1,871	1,385	8,712
Net investing cash flows from discontinued operations	0	0	914
Net cash used in investing activities	(2,979)	(60,537)	(54,859)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments for deferred financing costs	(1,065)	(5,174)	(2,768)
Dividends and distributions paid	(20,742)	(17,692)	(14,192)
Proceeds from sales of Preferred Stock, net of expenses	78	75,763	83,416
Loan proceeds	18,886	21,600	11,494
Loan principal payments	(18,438)	(30,006)	(17,034)
Net financing cash flows used in discontinued operations	(1,687)	(11)	(93)
Net cash (used in) from financing activities	(22,968)	44,480	60,823
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(1,186)	(5,615)	638
CASH AND CASH EQUIVALENTS, beginning of year	4,863	10,478	9,840
CASH AND CASH EQUIVALENTS, end of year	3,677	4,863	10,478
Other Cash Transactions:
Cash paid for taxes	230	0	0
Cash paid for interest	13,936	11,015	8,310
Non-cash Transactions:
Debt incurred for acquisitions	0	134,398	77,002
Noncontrolling interests resulting from the issuance of common units	0	4,273	1,575
Conversion of common units to Common Stock	1,371	0	482
Conversion of senior convertible debt into Series C Preferred Stock	0	0	3,000
Conversion of senior convertible debt into Common Stock	31	1,600	0
Accretion of Preferred Stock discounts	809	417	8,925
Deemed dividend for beneficial conversion feature	0	0	72,645
Notes Issued	$ 0	$ 1,000	$ 0

Organization and Basis of Prese

Organization and Basis of Presentation and Consolidation	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Organization and Basis of Presentation and Consolidation	Organization and Basis of Presentation and Consolidation Wheeler Real Estate Investment Trust, Inc. (the “Trust” or “REIT”) is a Maryland corporation formed on June 23, 2011. The Trust serves as the general partner of Wheeler REIT, L.P. (the “Operating Partnership”) which was formed as a Virginia limited partnership on April 5, 2012. As of December 31, 2017 , the Trust, through the Operating Partnership, owned and operated sixty-four centers, one office, seven undeveloped properties and one redevelopment project. Fifteen of these properties are located in Virginia, three are located in Florida, seven are located in North Carolina, twenty-five are located in South Carolina, twelve are located in Georgia, two are located in Kentucky, two are located in Tennessee, one is located in New Jersey, one is located in Alabama, one is located in West Virginia, three are located in Oklahoma and one is located in Pennsylvania. The Company’s portfolio had total net rentable space of approximately 4,902,000 square feet and an occupancy level of approximately 91.93% at December 31, 2017 . Accordingly, the use of the word “Company” refers to the Trust and its consolidated subsidiaries, except where the context otherwise requires. The Company includes the Trust, the Operating Partnership, the entities included in the REIT formation and the entities acquired since November 2012 (See Note 3 “Investment Properties”). The Company prepared the accompanying consolidated financial statements in accordance with accounting principles generally accepted in the United States of America, or GAAP. All material balances and transactions between the consolidated entities of the Company have been eliminated. The Company was formed with the principal objective of acquiring, financing, developing, leasing, owning and managing income producing, strip centers, neighborhood, grocery-anchored, community and free-standing retail properties. Its strategy is to acquire high quality, well-located, dominant retail properties that generate attractive risk-adjusted returns. The Company targets competitively protected properties in communities that have stable demographics and have historically exhibited favorable trends, such as strong population and income growth. The Company considers competitively protected properties to be located in the most prominent shopping districts in their respective markets, ideally situated at major “Main and Main” intersections. The Company generally leases its properties to national and regional supermarket chains and selects retailers that offer necessity and value oriented items and generate regular consumer traffic. The Company’s tenants carry goods that are less impacted by fluctuations in the broader U.S. economy and consumers’ disposable income, which it believes generates more predictable property-level cash flows. On October 24, 2014, the Trust, through the Operating Partnership, acquired (i) Wheeler Interests, LLC (“WI”), an acquisition and asset management firm, (ii) Wheeler Real Estate, LLC (“WRE”), a real estate leasing, management and administration firm and (iii) WHLR Management, LLC (“WM” and collectively with WI and WRE the “Operating Companies”), a real estate business operations firm, from Jon S. Wheeler, the Company's then Chairman and CEO, resulting in the Company becoming an internally-managed REIT. Accordingly, the responsibility for identifying targeted real estate investments, the handling of the disposition of real estate investments our Board of Directors chooses to sell, administering our day-to-day business operations, including but not limited to, leasing, property management, payroll and accounting functions, acquisitions, asset management and administration are now handled internally. Prior to being acquired by the Company, the Operating Companies served as the external manager for the Company and its properties (the “REIT Properties”) and performed property management and leasing functions for certain related and non-related third parties (the “Non-REIT Properties”). The Company will continue to perform these services for the Non-REIT Properties through the Operating Companies, primarily through WRE. Accordingly, the Company converted WRE to a Taxable REIT Subsidiary (“TRS”) to accommodate serving the Non-REIT Properties since applicable REIT regulations consider the income derived from these services to be “bad” income subject to taxation. The regulations allow for costs incurred by the Company commensurate with the services performed for the Non-REIT Properties to be allocated to a TRS. During January 2014, the Company acquired Wheeler Development, LLC (“WD”) and converted it to a TRS. The Company began performing development activities for both REIT Properties and Non-REIT Properties during 2015.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Investment Properties The Company records investment properties and related intangibles at fair value upon acquisition. Investment properties include both acquired and constructed assets. Improvements and major repairs and maintenance are capitalized when the repair and maintenance substantially extends the useful life, increases capacity or improves the efficiency of the asset. All other repair and maintenance costs are expensed as incurred. The Company capitalizes interest on projects during periods of construction until the projects reach the completion point that corresponds with their intended purpose. The Company allocates the purchase price of acquisitions to the various components of the asset based upon the fair value of each component which may be derived from various observable or unobservable inputs and assumptions. Also, the Company may utilize third party valuation specialists. These components typically include buildings, land and any intangible assets related to out-of-market leases, tenant relationships and in-place leases the Company determines to exist. The Company determines fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including the historical operating results, known trends and specific market and economic conditions that may affect the property. Factors considered by management in the analysis of determining the as-if-vacant property value include an estimate of carrying costs during the expected lease-up periods considering market conditions, and costs to execute similar leases. In estimating carrying costs, management includes real estate taxes, insurance and estimates of lost rentals at market rates during the expected lease-up periods, tenant demand and other economic conditions. Management also estimates costs to execute similar leases including leasing commissions, tenant improvements, legal and other related expenses. Intangibles related to out-of-market leases, tenant relationships and in-place lease value are recorded at fair value as acquired lease intangibles and are amortized as an adjustment to rental revenue or amortization expense, as appropriate, over the remaining terms of the underlying leases. Premiums or discounts on acquired out-of-market debt are amortized to interest expense over the remaining term of such debt. The Company records depreciation on buildings and improvements utilizing the straight-line method over the estimated useful life of the asset, generally 5 to 40 years. The Company reviews depreciable lives of investment properties periodically and makes adjustments to reflect a shorter economic life, when necessary. Tenant allowances, tenant inducements and tenant improvements are amortized utilizing the straight-line method over the term of the related lease or occupancy term of the tenant, if shorter. Amounts allocated to buildings are depreciated over the estimated remaining life of the acquired building or related improvements. The Company amortizes amounts allocated to tenant improvements, in-place lease assets and other lease-related intangibles over the remaining life of the underlying leases. The Company also estimates the value of other acquired intangible assets, if any, and amortizes them over the remaining life of the underlying related intangibles. The Company reviews investment properties for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of investment properties may not be recoverable, but at least annually. These circumstances include, but are not limited to, declines in the property’s cash flows, occupancy and fair market value. The Company measures any impairment of investment property when the estimated undiscounted operating income before depreciation and amortization, plus its residual value, is less than the carrying value of the property. Estimated undiscounted operating income before depreciation and amortization includes various level 3 fair value assumptions including renewal and renegotiations of current leases, estimates of operating costs and fluctuating market conditions. The renewal and renegotiations of leases in some cases must be approved by additional third parties outside the control of the Company and the tenant. If such renewed or renegotiated leases are approved at amounts below correct estimates, then impairment adjustments may be necessary in the future. To the extent impairment has occurred, the Company charges to income the excess of the carrying value of the property over its estimated fair value. The Company estimates fair value using unobservable data such as operating income, estimated capitalization rates, or multiples, leasing prospects and local market information. The Company may decide to sell properties that are held for use and the sale prices of these properties may differ from their carrying values. The Company did not record any impairment adjustments to its properties during the years ended December 31, 2017 , 2016 and 2015 . Conditional Asset Retirement Obligation A conditional asset retirement obligation represents a legal obligation to perform an asset retirement activity in which the timing and/or method of settlement depends on a future event that may or may not be with the Company’s control. Currently, the Company does not have any conditional asset retirement obligations. However, any such obligations identified in the future would result in the Company recording a liability if the fair value of the obligation can be reasonably estimated. Environmental studies conducted at the time the Company acquired its properties did not reveal any material environmental liabilities, and the Company is unaware of any subsequent environmental matters that would have created a material liability. The Company believes that its properties are currently in material compliance with applicable environmental, as well as non-environmental, statutory and regulatory requirements. The Company did not record any conditional asset retirement obligation liabilities during the years ended December 31, 2017 , 2016 and 2015 . Cash and Cash Equivalents and Restricted Cash The Company considers all highly liquid investments purchased with an original maturity of 90 days or less to be cash and cash equivalents. Cash equivalents are carried at cost, which approximates fair value. Cash equivalents consist primarily of bank operating accounts and money markets. Financial instruments that potentially subject the Company to concentrations of credit risk include its cash and cash equivalents and its trade accounts receivable. The Company places its cash and cash equivalents with institutions of high credit quality. Restricted cash represents amounts held by lenders for real estate taxes, insurance, reserves for capital improvements and tenant security deposits. The Company presents changes in cash restricted for real estate taxes, insurance and tenant security deposits as operating activities in the consolidated statement of cash flows. The Company presents changes in cash restricted for capital improvements as investing activities in the consolidated statement of cash flows. The Company places its cash and cash equivalents and restricted cash on deposit with financial institutions in the United States, which are insured by the Federal Deposit Insurance Company ("FDIC") up to $250 thousand . The Company's credit loss in the event of failure of these financial institutions is represented by the difference between the FDIC limit and the total amounts on deposit. Management monitors the financial institutions credit worthiness in conjunction with balances on deposit to minimize risk. Tenant Receivables and Unbilled Rent Tenant receivables include base rents, tenant reimbursements and receivables attributable to recording rents on a straight-line basis. The Company determines an allowance for the uncollectible portion of accrued rents and accounts receivable based upon customer credit-worthiness (including expected recovery of a claim with respect to any tenants in bankruptcy), historical bad debt levels, and current economic trends. The Company considers a receivable past due once it becomes delinquent per the terms of the lease. The Company’s standard lease form considers a rent charge past due after five days. A past due receivable triggers certain events such as notices, fees and other allowable and required actions per the lease. As of December 31, 2017 and 2016 , the Company’s allowance for uncollectible tenant receivables totaled $705 thousand and $691 thousand , respectively. During the years ended December 31, 2017 , 2016 and 2015 , the Company recorded bad debt expenses in the amount of $457 thousand , $425 thousand and $243 thousand , respectively, related to tenant receivables that were specifically identified as potentially uncollectible based on the an assessment of the tenant’s credit-worthiness. During the years ended December 31, 2017 , 2016 and 2015 , the Company did not realize any recoveries related to tenant receivables previously written off. Notes Receivable Notes receivable represent financing to Sea Turtle Development as discussed in Note 4 for development of the project. The notes are secured by the underlying real estate known as Sea Turtle Development. The Company evaluates the collectability of both the interest on and principal of the notes receivable based primarily upon the projected fair market value of the project at stabilization. The notes receivable are determined to be impaired when, based upon current information, it is no longer probable that the Company will be able to collect all contractual amounts due from the borrower. The amount of impairment loss recognized is measured as the difference between the carrying amount of the loan and its estimated realizable value. Goodwill Goodwill is deemed to have an indefinite economic life and is not subject to amortization. Goodwill is tested annually for impairment and is tested for impairment more frequently if events and circumstances indicate that the asset might be impaired. To test for impairment, the Company first assesses qualitative factors, such as current macroeconomic conditions and our overall financial and operating performance, to determine the likelihood that the fair value of a reporting unit is less than its carrying amount. If the Company determines it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the Company proceeds with the two-step approach to evaluating impairment. First, the Company estimates the fair value of the reporting unit and compares it to the reporting unit’s carrying value. If the carrying value exceeds fair value, the Company proceeds with the second step, which requires us to assign the fair value of the reporting unit to all of the assets and liabilities of the reporting unit as if it had been acquired in a business combination at the date of the impairment test. The excess fair value of the reporting unit over the amounts assigned to the assets and liabilities is the implied value of goodwill and is used to determine the amount of impairment. The Company would recognize an impairment loss to the extent the carrying value of goodwill exceeds the implied value. See Note 5 for assessment of Goodwill impairment for the year ended December 31, 2017. Above and Below Market Lease Intangibles, net The Company determines the above and below market lease intangibles upon acquiring a property. Above and below market lease intangibles are amortized over the life of the respective leases. Amortization of above and below market lease intangibles is recorded as a component of rental revenues. Deferred Costs and Other Assets, net The Company’s deferred costs and other assets consist primarily of leasing commissions, leases in place, capitalized legal and marketing costs and tenant relationship intangibles associated with acquisitions. The Company’s lease origination costs consist primarily of the portion of property acquisitions allocated to lease originations and commissions paid in connection with lease originations. The Company generally records amortization of lease origination costs on a straight-line basis over the terms of the related leases. Details of these deferred costs, net of amortization and other assets are as follows (in thousands): December 31, 2017 2016 Leases in place, net $ 25,118 $ 35,654 Tenant relationships, net 6,804 10,944 Lease origination costs, net 1,077 1,096 Other 810 518 Deposits on acquisitions 547 1,086 Legal and marketing costs, net 76 99 Total Deferred Costs and Other Assets, net $ 34,432 $ 49,397 Amortization of lease origination costs, leases in place, legal and marketing costs and tenant relationships represent a component of depreciation and amortization expense. As of December 31, 2017 and December 31, 2016 , the Company’s intangible accumulated amortization totaled $41.83 million and $28.55 million , respectively. During the years ended December 31, 2017 , 2016 and 2015 , the Company’s intangible amortization expense totaled $15.64 million , $12.75 million , and $11.51 million , respectively. Amortization expense for the year ended December 31, 2017 includes $1.74 million of accelerated amortization on intangibles related to the BI-LO early lease termination at the Shoppes at Myrtle Park. Future amortization of lease origination costs, leases in place, legal and marketing costs and tenant relationships is as follows (in thousands): For the Years Ended December 31, Leases In Place, net Tenant Relationships, net Lease Origination Costs, net Legal & Marketing Costs, net Total 2018 $ 7,122 $ 2,613 $ 253 $ 17 $ 10,005 2019 5,176 1,646 187 14 7,023 2020 3,698 940 143 11 4,792 2021 2,380 523 126 9 3,038 2022 1,931 406 85 6 2,428 Thereafter 4,811 676 283 19 5,789 $ 25,118 $ 6,804 $ 1,077 $ 76 $ 33,075 Revenue Recognition The Company retains substantially all of the risks and benefits of ownership of the investment properties and accounts for its leases as operating leases. The Company accrues minimum rents on a straight-line basis over the terms of the respective leases which results in an unbilled rent asset or deferred rent liability being recorded on the balance sheet. At December 31, 2017 and 2016 , there were $2.34 million and $1.24 million in unbilled rent which is included in rents and other tenant receivables, net. Additionally, certain of the lease agreements contain provisions that grant additional rents based on tenants’ sales volumes (contingent or percentage rent). Percentage rents are recognized when the tenants achieve the specified targets as defined in their lease agreements. During the years ended December 31, 2017 , 2016 and 2015 , the Company recognized percentage rents of $199 thousand , $289 thousand and $163 thousand , respectively. The Company’s leases generally require the tenant to reimburse the Company for a substantial portion of its expenses incurred in operating, maintaining, repairing, insuring and managing the shopping center and common areas (collectively defined as Common Area Maintenance or “CAM” expenses). The Company includes these reimbursements under the Consolidated Statements of Operations caption "Tenant reimbursements." This significantly reduces the Company’s exposure to increases in costs and operating expenses resulting from inflation or other outside factors. The Company accrues reimbursements from tenants for recoverable portions of all these expenses as revenue in the period the applicable expenditures are incurred. The Company calculates the tenant’s share of operating costs by multiplying the total amount of the operating costs by a fraction, the numerator of which is the total number of square feet being leased by the tenant, and the denominator of which is the average total square footage of all leasable buildings at the property. The Company also receives escrow payments for these reimbursements from substantially all its tenants throughout the year. The Company recognizes differences between estimated recoveries and the final billed amounts in the subsequent year. These differences were not material for the years ended December 31, 2017 , 2016 and 2015 . The Company recognizes lease termination fees in the year that the lease is terminated and collection of the fees is reasonably assured. Upon early lease termination, the Company provides for losses related to unrecovered intangibles and other assets. During the years ended December 31, 2017 , 2016 and 2015 , the Company recognized lease termination fees of $ 560 thousand , $26 thousand and $0 thousand , respectively. The 2017 amount is primarily a result of the BI-LO at Shoppes at Myrtle Park lease termination. The Company includes termination fees under the Consolidated Statement of Operations caption "Development and other revenues." Income Taxes The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code and applicable Treasury regulations relating to REIT qualification. In order to maintain this REIT status, the regulations require the Company to distribute at least 90% of its taxable income to shareholders and meet certain other asset and income tests, as well as other requirements. The TRS' have accrued $15 thousand and $107 thousand at December 31, 2017 and 2016, respectively, for federal and state income tax expenses. If the Company fails to qualify as a REIT, it will be subject to tax at regular corporate rates for the years in which it fails to qualify. If the Company loses its REIT status it could not elect to be taxed as a REIT for five years unless the Company’s failure to qualify was due to reasonable cause and certain other conditions were satisfied. Management has evaluated the effect of the guidance provided by GAAP on Accounting for Uncertainty of Income Taxes and has determined that the Company had no uncertain income tax positions. Taxable REIT Subsidiary Cost Allocation The Company’s overall philosophy regarding cost allocation centers around the premise that the Trust exists to acquire, lease and manage properties for the benefit of its investors. Accordingly, a majority of the Company’s operations occur at the property level. Each property must carry its own weight by absorbing the costs associated with generating its revenues. Additionally, leases generally allow the Company to pass through to the tenant most of the costs involved in operating the property, including, but not limited to, the direct costs associated with owning and maintaining the property (landscaping, repairs and maintenance, taxes, insurance, etc.), property management and certain administrative costs. Service vendors bill the majority of the direct costs of operating the properties directly to the REIT Properties and Non-REIT Properties and each property pays them accordingly. The Non-REIT Properties pay WRE property management and/or asset management fees of 3% and 2% of collected revenues, respectively. The Non-REIT Properties also pay WRE leasing commissions based on the total contractual revenues to be generated under the new/renewed lease agreement ( 6% for new leases and 3% for renewals). Non-REIT properties pay development fees of 5% of hard costs. Costs incurred to manage, lease and administer the Non-REIT Properties are allocated to the TRS. These costs include compensation and benefits, property management, leasing and other corporate, general and administrative expenses associated with generating the TRS' revenues. Financial Instruments The carrying amount of financial instruments included in assets and liabilities approximates fair market value due to their immediate or short-term maturity. Use of Estimates The Company has made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reported period. The Company’s actual results could differ from these estimates. Advertising Costs The Company expenses advertising and promotion costs as incurred. The Company incurred advertising and promotion costs of $237 thousand , $228 thousand and $218 thousand for the years ended December 31, 2017 , 2016 and 2015 , respectively. Assets Held For Sale and Discontinued Operations The Company records assets as held for sale when management has committed to a plan to sell the assets, actively seeks a buyer for the assets, and the consummation of the sale is considered probable and is expected within one year. Assets held for sale are presented as discontinued operations in all periods presented if the disposition represents a strategic shift that has, or will have, a major effect on the Company's financial position or results of operations. This includes the net gain (or loss) upon disposal of property held for sale, the property's operating results, depreciation and interest expense. Corporate General and Administrative Expense A detail for the "Corporate general & administrative" line item from the consolidated statements of operations is presented below (in thousands): December 31, 2017 2016 2015 Compensation and benefits $ 2,433 $ 3,727 $ 3,376 Professional fees 1,606 1,683 1,597 Acquisition costs 1,101 2,018 3,871 Corporate administration 962 1,111 1,187 Capital related costs 663 514 2,655 Travel 272 481 446 Advertising 237 228 218 Taxes and Licenses 90 162 66 Total $ 7,364 $ 9,924 $ 13,416 Noncontrolling Interests Noncontrolling interests is the portion of equity in the Operating Partnership not attributable to the Trust. The ownership interests not held by the parent are considered noncontrolling interests. Accordingly, noncontrolling interests have been reported in equity on the consolidated balance sheets but separate from the Company’s equity. On the consolidated statements of operations, the subsidiaries are reported at the consolidated amount, including both the amount attributable to the Company and noncontrolling interests. Consolidated statements of changes in equity include beginning balances, activity for the period and ending balances for shareholders’ equity, noncontrolling interests and total equity. The noncontrolling interest of the Operating Partnership common unit holders is calculated by multiplying the noncontrolling interest ownership percentage at the balance sheet date by the Operating Partnership’s net assets (total assets less total liabilities). The noncontrolling interest percentage is calculated at any point in time by dividing the number of units not owned by the Company by the total number of units outstanding. The noncontrolling interest ownership percentage will change as additional units are issued or as units are exchanged for the Company’s $0.01 par value per share common stock ("Common Stock"). In accordance with GAAP, any changes in the value from period to period are charged to additional paid-in capital. Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers,” which supersedes the revenue recognition requirements of Accounting Standards Codification (“ASC”) Topic 605, “Revenue Recognition” and most industry-specific guidance on revenue recognition throughout the ASC. The new standard is principles based and provides a five step model to determine when and how revenue is recognized. The core principle of the new standard is that revenue should be recognized when a company transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The new standard also requires disclosure of qualitative and quantitative information surrounding the amount, nature, timing and uncertainty of revenues and cash flows arising from contracts with customers. In March 2016, the FASB issued ASU No. 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net), which clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU 2016-10, "Revenue from contracts with customers (Topic 606): Identifying Performance Obligations and Licensing," which provides further guidance on identifying performance obligations and intellectual property licensing implementation. In June 2016, the FASB issued ASU 2016-12, “Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients”, which relates to assessing collectability, presentation of sales taxes, noncash consideration and completed contracts and contract modifications in transition. In December 2016, the FASB issued 2016-20, "Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers," which clarifies or corrects unintended application of the standard. Companies are permitted to adopt the ASUs as early as fiscal years beginning after December 15, 2016, but the adoption is required for fiscal years beginning after December 15, 2017. In September 2017, the FASB issued ASU 2017-13, "Revenue Recognition (Topic 605)," "Revenue from Contracts with Customers (Topic 606)," "Leases (Topic 840)," and "Leases (Topic 842)." These amendments provide additional clarification and implementation guidance on the previously issued ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)." These new standards will be effective for the Company in the first quarter of the year ending December 31, 2018 and can be applied either retrospectively to all periods presented or as a cumulative-effect adjustment as of the date of adoption. The Company is currently evaluating the impact of this standard. The majority of the Company’s revenue is based on real estate lease contracts which are not within the scope of this ASU. The Company has identified its non-lease revenue streams and initial analysis indicates the adoption of this standard will not have a material impact on our financial position or results of operations. The Company will increase disclosures around revenue recognition in the notes to consolidated financial statements to comply with the standard upon adoption. The Company will adopt the standard January 1, 2018 as a cumulative-effect adjustment. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)." ASU 2016-02 is intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real estate, airplanes, and manufacturing equipment. The ASU will require organizations that lease assets referred to as “Lessees” to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. An organization is to provide disclosures designed to enable users of financial statements to understand the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative requirements concerning additional information about the amounts recorded in the financial statements. Under the new guidance, a lessee will be required to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with current GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike current GAAP which requires only capital leases to be recognized on the balance sheet the new ASU will require both types of leases (i.e. operating and capital) to be recognized on the balance sheet. The FASB lessee accounting model will continue to account for both types of leases. The capital lease will be accounted for in substantially the same manner as capital leases are accounted for under existing GAAP. The operating lease will be accounted for in a manner similar to operating leases under existing GAAP, except that lessees will recognize a lease liability and a lease asset for all of those leases. In September 2017, the FASB issued ASU 2017-13, "Revenue Recognition (Topic 605)," "Revenue from Contracts with Customers (Topic 606)," "Leases (Topic 840)," and "Leases (Topic 842)," which provides additional implementation guidance on the previously issued ASU 2016-02. "Leases (Topic 842)." The leasing standard will be effective for calendar year-end public companies beginning after December 15, 2018. Public companies will be required to adopt the new leasing standard for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption will be permitted for all companies and organizations upon issuance of the standard. For calendar year-end public companies, this means an adoption date of January 1, 2019 and retrospective application to previously issued annual and interim financial statements for 2018 and 2017. Lessees with a large portfolio of leases are likely to see a significant increase in balance sheet assets and liabilities. While we are currently assessing the impact of the standard on our financial position and results of operations we expect the primary impact to be on those ground leases which we are the lessor. The new standard will result in the recording of right of use assets and lease obligations. See Note 10 for the Company’s current lease commitments. The Company is currently evaluating the impact of ASU 2016-02 on its financial statements. In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” This ASU simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. This ASU is effective for annual periods beginning after December 15, 2016 and early adoption is permitted. The new standard can be applied using either a prospective transition method or a retrospective transition method. The Company adopted this ASU as of January 1, 2017 and applied prospectively. The adoption did not have a material impact on the financial position or results of operations. In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of certain cash receipts and cash payments (a consensus of the Emerging Issues Task Force).” The ASU addresses eight specific cash flow issues in an effort to reduce diversity in practice. This ASU is effective for annual and interim reporting periods beginning after December 15, 2017 and early adoption is permitted. The new standard is to be applied retrospectively for all period presented. The Company adopted this ASU as of January 1, 2017 and applied prospectively. The adoption did not have a material impact on the consolidated statements of cash flows. In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force).” The ASU provides guidance on the presentation of restricted cash or restricted cash equivalents in the statement of cash flows in an effort to reduce diversity in practice. The standard requires a reconciliation of total cash, cash equivalents and restricted cash in the cash flow statement or in the notes to the financial statements. This ASU is effective for annual and interim reporting periods beginning after December 15, 2017 and early adoption is permitted. The new standard is to be applied retrospectively for all period presented. The Company will adopt this ASU in 2018 and does not expect the adoption to materially impact its consolidated statements of cash flows. In January 2017, the FASB issued ASU 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business.” The ASU clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. This ASU is effective for annual and interim reporting periods beginning after December 15, 2017 and early adoption is permitted. The new standard is to be applied prospectively. The adoption of this standard will most likely result in less real estate acquisitions qualifying as businesses and, accordingly, a

Investment Properties

Investment Properties	12 Months Ended
	Dec. 31, 2017
Real Estate [Abstract]
Investment Properties	Investment Properties Investment properties consist of the following (in thousands): December 31, 2017 2016 Land and land improvements $ 91,108 $ 90,531 Land held for development 11,228 11,420 Buildings and improvements 313,043 307,411 Investment properties at cost 415,379 409,362 Less accumulated depreciation (31,045 ) (20,482 ) Investment properties, net $ 384,334 $ 388,880 The Company’s depreciation expense on investment properties was $10.59 million , $7.88 million and $5.37 million for the years ended December 31, 2017 , 2016 and 2015 , respectively. A significant portion of the Company’s land, buildings and improvements serve as collateral for its mortgage loans payable portfolio. Accordingly, restrictions exist as to the encumbered property's transferability, use and other common rights typically associated with property ownership. Property Acquisitions 2016 Acquisitions A-C Portfolio On April 12, 2016 , the Company completed its acquisition of 14 retail shopping centers located in Georgia and South Carolina (collectively the “A-C Portfolio”) for an aggregate purchase price of $71.00 million , paid through a combination of cash, debt and the issuance of 111,111 common units in the Operating Partnership. Collectively, the A-C Portfolio properties total 605,358 square feet in leaseable space, and were 92% leased as of the acquisition date by 77 primarily retail tenants. Each property is anchored by either a Bi-LO, Harris Teeter, Piggly Wiggly grocery store or Planet Fitness. The A-C Portfolio consists of the following properties: Property Name Location Square Feet Darien Shopping Center Darien, GA 26,001 Devine Street Columbia, SC 38,464 Folly Road Charleston, SC 47,794 Georgetown Georgetown, SC 29,572 Ladson Crossing Ladson, SC 52,607 Lake Greenwood Crossing Greenwood, SC 47,546 Lake Murray Lexington, SC 39,218 Litchfield Market Village Pawleys Island, SC 86,740 Moncks Corner Moncks Corner, SC 26,800 Ridgeland Ridgeland, SC 20,029 Shoppes at Myrtle Park Bluffton, SC 56,380 South Lake Lexington, SC 44,318 South Park Mullins, SC 60,874 St. Matthews St. Matthews, SC 29,015 Berkley Shopping Center On November 10, 2016, we completed our acquisition of Berkley Shopping Center, a 47,945 square foot shopping center located in Norfolk, Virginia ("Berkley") from a related party for a contract price of $4.18 million . Berkley was 100% leased as of the acquisition date and is anchored by a Farm Fresh grocery store. We acquired Berkley from a related party through a combination of cash and the issuance of 27,685 common units in the Operating Partnership. Sangaree Plaza and Tri-County Plaza On November 10, 2016, we completed our acquisition of Sangaree Plaza and Tri-County Plaza, a 66,948 and 67,577 square foot shopping center, respectively located in Summerville, South Carolina and Royston, Georgia, respectively ("Sangaree/Tri-County") from a related party for a total contract price of $10.77 million . Sangaree/Tri-County was 95% leased as of the acquisition date and are anchored by Bi-LO grocery store. We acquired Sangaree/Tri-County from a related party through a combination of cash and the issuance of 15,281 common units in the Operating Partnership. Riverbridge Shopping Center On November 15, 2016 , the Company completed its acquisition of Riverbridge Shopping Center ("Riverbridge"), a 91,188 square foot shopping center located in Carollton, Georgia for a contract price of $7.00 million . Riverbridge was 99% leased as of the acquisition date and is anchored by Ingles. The Company acquired Riverbridge through a combination of cash and debt. Laburnum Square On December 7, 2016, the Company completed our acquisition of Laburnum Square, a 109,405 square foot shopping center located in Richmond, Virginia ("Laburnum") for a contract price of $10.50 million , paid through a combination of cash and debt. Laburnum was 97% leased as of the acquisition date and is anchored by Kroger. Franklin Village On December 12, 2016, the Company completed our acquisition of Franklin Village, a 151,673 square foot shopping center located in Kittanning, Pennsylvania ("Franklin") for a contract price of $13.10 million , paid through a combination of cash and debt. Franklin was 98% leased as of the acquisition date and is anchored by Shop ‘n Save. Village at Martinsville On December 16, 2016, the Company completed our acquisition of Village at Martinsville, a 297,950 square foot shopping center located in Martinsville, Virginia ("Martinsville") for a contract price of $23.53 million , paid through a combination of cash and debt. Martinsville was 97% leased as of the acquisition date and is anchored by Kroger. New Market Crossing On December 20, 2016, the Company completed our acquisition of New Market Crossing, a 116,976 square foot shopping center located in Mt. Airy, North Carolina ("New Market") for a contract price of $9.00 million , paid through a combination of cash and debt. New Market was 93% leased as of the acquisition date and is anchored by Lowes Food Store. Rivergate Shopping Center On December 21, 2016, the Company completed our acquisition of Rivergate Shopping Center, a 205,810 square foot shopping center located in Macon, Georgia ("Rivergate") for a contract price of $37.25 million , paid through a combination of cash and debt. Rivergate was 96% leased as of the acquisition date and is anchored by Publix. The following summarizes the consideration paid and the fair values of assets acquired and liabilities assumed in conjunction with the acquisitions described above, along with a description of the methods used to determine fair value. In determining fair values, the Company considered many factors including, but not limited to, cash flows, market cap rates, location, occupancy rates, appraisals, other acquisitions and management’s knowledge of the current acquisition market for similar properties. 2016 Total Acquisitions Fair value of assets acquired and liabilities assumed: (in thousands) Investment property (a) $ 157,025 Lease intangibles and other assets (b) 27,791 Above market leases (b) 8,771 Below market leases (b) (7,257 ) Fair value of net assets acquired $ 186,330 Purchase consideration: Consideration paid with cash and debt $ 183,557 Consideration paid with common units 2,773 Total consideration (c) $ 186,330 a. Represents the fair value of the investment property acquired which includes land, buildings, site improvements and tenant improvements. The fair value was determined using the following approaches: i. the market approach valuation methodology for land by considering similar transactions in the markets; ii. a combination of the cost approach and income approach valuation methodologies for buildings, including replacement cost evaluations, "go dark" analysis and residual calculations incorporating the land values; and iii. the cost approach valuation methodology for site and tenant improvements, including replacement costs and prevailing quoted market rates. b. Represents the fair value of lease intangibles and other assets. Lease intangibles include leasing commissions, leases in place, above/below market leases and legal and marketing fees associated with replacing existing leases. The income approach was used to determine the fair value of these intangible assets which included estimated market rates and expenses. It was determined that carrying value approximated fair value for other asset amounts. c. Represents the components of purchase consideration paid. For the year ended December 31, 2016, the Company incurred $2.02 million in acquisition expenses. These costs are included on the consolidated statements of operations under the caption "Corporate general & administrative." Unaudited pro forma consolidated financial information is presented below for all 2016 acquisitions. The unaudited pro forma information presented below illustrates the Company’s pro forma financial results assuming the acquisitions had been consummated as of the beginning of the earliest period presented. The pro forma results include adjustments for depreciation and amortization associated with acquired tangible and intangible assets, straight-line rent adjustments and interest expense related to debt incurred. Years Ended December 31, 2017 2016 (in thousands) Rental revenues $ 44,782 $ 43,883 Net loss from continuing operations $ (11,267 ) $ (14,164 ) Net loss attributable to Wheeler REIT $ (9,226 ) $ (12,101 ) Net loss attributable to Wheeler REIT common shareholders $ (19,196 ) $ (16,814 ) Basic loss per share $ (2.22 ) $ (2.00 ) Diluted loss per share $ (2.22 ) $ (2.00 ) 2017 Dispositions On June 27, 2017, the Company completed the sale of the 2.14 acre land parcel at Carolina Place for a contract price of $250 thousand , resulting in a loss of $12 thousand with net proceeds of $238 thousand . On June 26, 2017, the Company completed the sale of the Steak n' Shake, a 1.06 acre outparcel at Rivergate, for a contract price of approximately $2.25 million , resulting in a gain of $1.03 million with net proceeds of $2.18 million . The sales of the Steak n' Shake outparcel at Rivergate and the land parcel at Carolina Place do not represent a strategic shift that has a major effect on the Company's financial position or results of operations. Accordingly, the operating results of these properties remains classified within continuing operations for all periods presented.

Notes Receivable

Notes Receivable	12 Months Ended
	Dec. 31, 2017
Accounts and Notes Receivable, Net [Abstract]
Notes Receivable	Notes Receivable On September 29, 2016, the Company entered into an $11.00 million note receivable for the partial funding of the Sea Turtle Development and a $1.00 million note receivable in consideration for the sale of 10.39 acres of land owned by the Company. Both promissory notes are collateralized by a 2 nd deed of trust on the property and accrue interest at a rate of 12% annually. Interest only payments at a rate of 8% are due on the notes at the beginning of every calendar quarter starting October 2016. Interest at a rate of 4% accrues and is due at maturity. The notes mature the earlier of September 29, 2021 or the disposition of the property. Subsequent to December 31, 2017, the Company, through Wheeler Development, was terminated from performing development services by WD-1, for the redevelopment of Pineland Station Shopping Center in Hilton Head, South Carolina known as Sea Turtle Marketplace (“Sea Turtle Development”). Sea Turtle Development is a related party as Jon Wheeler, the Company's former CEO and shareholder of the Company, is the managing member as discussed in Note 11 and Note 13. As of December 31, 2017, the Company believes the estimated fair market value of the development at stabilization at a future date will not provide for the cash required to repay the entire notes receivable due the Company in the event of a sale. The Company’s estimated fair value of the project is based upon cash flow models that include development costs to date, anticipated cost to complete, executed leases, and financing available to complete and stabilize the project. Capitalization rates utilized in these models are based upon rates that the Company believes to be within a reasonable range of current market rates for the respective project. These valuation assumptions are based on the three-level valuation hierarchy for fair value measurement and represent Level 3 inputs. Level 3 inputs are unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Given the uncertainty surrounding the recoverability of the $12.00 million notes receivable the Company has recognized a $5.26 million impairment charge. The impairment charge is presented as “impairment of notes receivable” on the consolidated statements of operations. In addition, the $1.34 million of accrued interest associated with the notes receivable has been fully reserved and is included in “provision for credit losses” on the consolidated statements of operations.

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill As part of the acquisition of the Operating Companies on October 24, 2014, the Company recorded preliminary goodwill of $7.00 million . In June 2015, the Company finalized its valuation of the Operating Companies. In accordance with the valuation, the Company recorded a fair value discount of $1.18 million to the $6.75 million in common units issued for the acquisition of the Operating Companies due to the one year restriction on their conversion into shares of Common Stock, and reallocated $337 thousand to finite-lived intangibles during the year ended December 31, 2015. As December 31, 2017 and 2016, the balance of goodwill is $5.49 million . No adjustments to goodwill were made in the years ending December 31, 2017 and 2016.

Assets Held for Sale and Discon

Assets Held for Sale and Discontinued Operations	12 Months Ended
	Dec. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]
Assets Held for Sale and Discontinued Operations	Assets Held for Sale and Discontinued Operations In August 2015, the Company’s management and Board of Directors committed to a plan to sell Bixby Commons, Jenks Reasors, Harps at Harbor Point, Starbucks/Verizon and the ground leases for Ruby Tuesday’s and Outback Steakhouse at Pierpont Centre (the “Freestanding Properties”) as part of the Company’s continuous evaluation of strategic alternatives. Accordingly, the Freestanding Properties have been classified as held for sale and the results of their operations have been classified as discontinued operations for all periods presented. As of December 31, 2017, the sales of all Freestanding Properties have occurred and the Company will receive no residual cash flow. On October 19, 2015, the Company completed its sale of Jenks Reasors for a contract price of approximately $12.16 million , resulting in a gain of approximately $820 thousand . On October 20, 2015, the Company completed its sale of Harps at Harbor Point for a contract price of approximately $5.03 million , resulting in a gain of approximately $642 thousand . On October 27, 2015, the Company completed its sale of Bixby Commons for a contract price of approximately $10.98 million , resulting in a gain of approximately $642 thousand . On June 29, 2016, the Company completed its sale of Starbucks/Verizon for a contract price of approximately $2.10 million , resulting in a gain of approximately $688 thousand . On February 28, 2017, the Company completed its sales of Ruby Tuesday’s and Outback Steakhouse at Pierpont Centre for a contract price of approximately $2.29 million , resulting in a gain of $1.50 million . The Company has defeased the $1.69 million loan payable at a cost of $223 thousand . As of December 31, 2017 and 2016 , assets held for sale consisted of the following (in thousands): December 31, 2017 2016 Investment properties, net $ — $ 217 Above market lease intangible, net — 3 Deferred costs and other assets, net — 146 Total assets held for sale $ — $ 366 As of December 31, 2017 and 2016 , liabilities associated with assets held for sale consisted of the following (in thousands): December 31, 2017 2016 Loans payable $ — $ 1,350 Total liabilities associated with assets held for sale $ — $ 1,350 The consolidated statements of operations reflect reclassifications of revenue, property operating expenses, corporate general and administrative expenses and interest expense from continuing operations to income from discontinued operations for all periods presented. All interest expense disclosed below is directly related to the debt incurred to acquire the Freestanding Properties. The following is a summary of the income from discontinued operations for the years ended December 31, 2017 , 2016 and 2015 (in thousands): Years Ended December 31, 2017 2016 2015 Revenues $ 26 $ 284 $ 2,043 Expenses 1 79 828 Operating income 25 205 1,215 Interest expense 9 69 715 Income from discontinued operations before gain on disposals 16 136 500 Gain on disposal of properties 1,502 688 2,104 Income from discontinued operations $ 1,518 $ 824 $ 2,604

Loans Payable

Loans Payable	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Loans Payable	Loans Payable The Company’s loans payable consist of the following (in thousands except monthly payment): December 31, Property/Description Monthly Payment Interest Rate Maturity 2017 2016 Bank Line of Credit (1) Interest only Libor + 300 basis points December 2017 $ 3,000 $ 3,000 Columbia Fire Station Interest only 8.00 % December 2017 — 487 Shoppes at Eagle Harbor $ 25,100 4.34 % March 2018 3,341 3,492 Revere Loan Interest only 8.00 % April 2018 6,808 7,450 Lumber River Interest only Libor + 295 basis points June 2018 1,500 1,500 KeyBank Line of Credit Interest only Libor + 250 basis points July 2018 15,532 74,077 Senior convertible notes Interest only 9.00 % December 2018 1,369 1,400 Harbor Point $ 11,024 5.85 % December 2018 553 649 Perimeter Square Interest only 5.50 % December 2018 5,382 4,500 Riversedge North $ 8,802 6.00 % January 2019 863 914 Monarch Bank Building $ 7,340 4.85 % June 2019 1,266 1,320 DF I-Moyock $ 10,665 5.00 % July 2019 194 309 Rivergate Interest only Libor + 295 basis points December 2019 22,689 24,213 KeyBank Line of Credit Interest only Libor + 250 basis points December 2019 52,500 — LaGrange Marketplace $ 15,065 Libor + 375 basis points March 2020 2,317 2,369 Folly Road Interest only 4.00 % March 2020 6,181 — Columbia Fire Station construction loan Interest only 4.00 % May 2020 3,421 — Shoppes at TJ Maxx $ 33,880 3.88 % May 2020 5,727 5,908 Walnut Hill Plaza Interest only 5.50 % September 2022 3,903 3,440 Twin City Commons $ 17,827 4.86 % January 2023 3,111 3,170 Tampa Festival $ 50,797 5.56 % September 2023 8,368 8,502 Forrest Gallery $ 50,973 5.40 % September 2023 8,669 8,802 South Carolina Food Lions Note $ 68,320 5.25 % January 2024 12,050 12,224 Cypress Shopping Center $ 34,360 4.70 % July 2024 6,485 6,585 Port Crossing $ 34,788 4.84 % August 2024 6,263 6,370 Freeway Junction $ 41,798 4.60 % September 2024 7,994 8,119 Harrodsburg Marketplace $ 19,112 4.55 % September 2024 3,553 3,617 Graystone Crossing $ 20,386 4.55 % October 2024 3,928 3,990 Bryan Station $ 23,489 4.52 % November 2024 4,547 4,619 Crockett Square Interest only 4.47 % December 2024 6,338 6,338 Pierpont Centre Interest only 4.15 % February 2025 8,113 8,450 Alex City Marketplace Interest only 3.95 % April 2025 5,750 5,750 Butler Square Interest only 3.90 % May 2025 5,640 5,640 Brook Run Shopping Center Interest only 4.08 % June 2025 10,950 10,950 Beaver Ruin Village I and II Interest only 4.73 % July 2025 9,400 9,400 Sunshine Shopping Plaza Interest only 4.57 % August 2025 5,900 5,900 Barnett Portfolio Interest only 4.30 % September 2025 8,770 8,770 Fort Howard Shopping Center Interest only 4.57 % October 2025 7,100 7,100 Conyers Crossing Interest only 4.67 % October 2025 5,960 5,960 Grove Park Shopping Center Interest only 4.52 % October 2025 3,800 3,800 Parkway Plaza Interest only 4.57 % October 2025 3,500 3,500 Winslow Plaza Interest only 4.82 % December 2025 4,620 4,620 Chesapeake Square $ 23,857 4.70 % August 2026 4,507 4,578 Berkley/Sangaree/Tri-County Interest only 4.78 % December 2026 9,400 9,400 Riverbridge Interest only 4.48 % December 2026 4,000 4,000 Franklin Interest only 4.93 % January 2027 8,516 8,516 Total Principal Balance 313,778 313,698 Unamortized debt issuance cost (5,656 ) (7,725 ) Total Loans Payable $ 308,122 $ 305,973 (1) On January 10, 2018, the Company extended the $3.00 million bank line of credit to June 15, 2018 with interest only payments due monthly at a rate of Libor + 3.00% with a floor of 4.25% . Key Bank Credit Agreement On May 29, 2015, the Operating Partnership entered into a $45.00 million revolving credit line (the "Credit Agreement") with KeyBank National Association ("KeyBank"). Pursuant to the Credit Agreement, outstanding borrowings accrue monthly interest which is paid at a rate of the one-month London Interbank Offer Rate ("LIBOR") plus a margin ranging from 1.75% to 2.50% depending on the Company's consolidated leverage ratio. On April 12, 2016, the Operating Partnership entered into a First Amendment and Joinder Agreement (“First Amendment”) to the Credit Agreement. The First Amendment increased the $45.00 million revolving credit line with KeyBank to $67.20 million and the Company utilized this additional borrowing capacity to acquire the A-C Portfolio. Pursuant to the terms of the First Amendment, the monthly interest of the increased credit facility is adjusted to LIBOR plus a margin of 5.00% until such time that the Company can meet certain repayment and leverage conditions. The Company used proceeds from the 2016 Series B Preferred Stock Offering to reduce its borrowings under the Credit Agreement to $46.10 million and the margin reduced back to the stated range of the original Credit Agreement on August 15, 2016. On December 7, 2016, the Operating Partnership entered into a Second Amendment and Joinder Agreement ("Second Amendment") to the Credit Agreement. The Second Amendment increased the line of credit to $75.0 million . Pursuant to the terms of the Second Amendment, the pricing reverts back to the original Credit Agreement. On August 7, 2017, the Company executed a Third Amendment to the KeyBank Credit Agreement (the "Third Amendment"). The Third Amendment changed the interest payment date to the first day of each calendar month and decreased the total commitment on the revolving credit line by $25.00 million to $50.00 million effective October 7, 2017. The Company and KeyBank agreed Shoppes at Myrtle Park shall continue to be included in the calculation of the Borrowing Base Availability (as defined in the Credit Agreement) through December 21, 2017. On October 6, 2017, the Company executed a Fourth Amendment to the KeyBank Credit Agreement (the "Fourth Amendment"). The Fourth Amendment provided for a sixty day extension from October 7, 2017 to December 6, 2017 upon which the $75.00 million total commitment on the revolving credit line was to decrease to $50.00 million . On December 21, 2017, the Company entered into an Amended and Restated Credit Agreement to the Credit Agreement (the “Amended and Restated Credit Agreement”). The Amended and Restated Credit Agreement provides for an increase in borrowing capacity from $50.00 million to $52.50 million and also increases the accordion feature by $50.00 million to $150.00 million . Additionally, the Amended and Restated Credit Agreement provides for an extension of the requirement to reduce the outstanding borrowings under the facility from $68.03 million to $52.50 million by July 1, 2018. The revolving facility will mature on December 21, 2019, but may be extended at the Company’s option for an additional one -year period, subject to certain customary conditions. The interest rate remains the same at LIBOR plus 250 basis points based on the Company’s Consolidated Leverage Ratio (as defined in the Amended and Restated Credit Agreement). The unutilized amounts available to the Company under the Credit Agreement accrue fees which are paid at a rate of 0.25% . On March 2, 2018, KeyBank reduced the liquidity requirement from $5.00 million to $3.50 million through March 31, 2018. The liquidity requirement reverts back to $5.00 million subsequent to March 31, 2018 until such time as the Total Commitment (as defined in the Amended and Restated Credit Agreement) has been reduced to $52.50 million and $3.50 million at all times thereafter. As of December 31, 2017 , the Company has borrowed $68.03 million under the Credit Agreement, which is collateralized by 16 properties. At December 31, 2017 , the outstanding borrowings are accruing interest at 4.05% . The Amended and Restated Credit Agreement contains certain financial covenants that the Company must meet, including minimum leverage, fixed charge coverage and debt service coverage ratios as well as a minimum tangible net worth requirement. The Company was in compliance with the financial covenants as of December 31, 2017 . The Amended and Restated Credit Agreement also contains certain events of default that if they occur may cause KeyBank to terminate the Amended and Restated Credit Agreement and declare amounts owed to become immediately payable. As of December 31, 2017 , the Company has not incurred an event of default. Senior Subordinated Debt On January 29, 2016, the Company paid off $2.16 million in senior subordinated debt from cash on hand. Revere Loan Agreement In connection with the closing of the A-C Portfolio, the Operating Partnership, as borrower, and Revere High Yield Fund, LP, a Delaware limited partnership (“Revere”), as lender, entered into a Term Loan Agreement dated as of April 8, 2016 (“Revere Term Loan”) in the principal amount of $8.0 million . The Revere Term Loan has a maturity date of April 30, 2017 and an interest rate of 8.00% per annum. The Company and certain of its subsidiaries serve as guarantors under the Revere Term Loan. The proceeds of the Revere Term Loan were used as partial consideration for the purchase of the A-C Portfolio. A warrant (“Warrant”) to purchase an aggregate of 750,000 shares of the Company’s Common Stock (under circumstances described below under the section “Revere Warrant Agreement”) serves as collateral for the Revere Term Loan. On May 1, 2017, the Operating Partnership extended the remaining $7.45 million Revere Term Loan maturity to April 30, 2018, as permitted within the terms of the loan agreement, with a $450 thousand principal payment and $140 thousand extension fee. In June 2017, upon the completion of the sale of Carolina Place, as discussed in Note 3, a $167 thousand principal payment was made on the loan. On August 29, 2017, a $25 thousand principal payment was made on the loan as a result of the Walnut Hill Plaza amendment discussed below. As of December 31, 2017 and 2016, the balance on the Revere Term loan was $6.81 million and $7.45 million , respectively. Revere Warrant Agreement In connection with the Revere Term Loan, the Company and Revere entered into a Warrant Agreement dated as of April 8, 2016 (“Revere Warrant Agreement”), pursuant to which the Company agreed to issue the Warrant to Revere. The terms of the Revere Warrant Agreement provide that solely in the event of an Event of Default (as defined in the Revere Term Loan) under the Revere Term Loan, Revere shall have the right to purchase an aggregate of up to 750,000 shares of the Company’s Common Stock for an exercise price equal to $0.0001 per share. The Warrant is exercisable at any time and from time to time during the period starting on April 8, 2016 and expiring on April 30, 2017 at 11:59 p.m., Virginia Beach, Virginia time, solely in the event of an Event of Default under the Revere Term Loan. The Company will not receive any proceeds from the issuance of the Warrant; rather the Warrant serves as collateral for the Revere Term Loan, the proceeds of which were used as partial consideration for the A-C Portfolio. The issuance of the Warrant is exempt from registration pursuant to the exemption provided by Rule 506 of Regulation D under the Securities Act of 1933, as amended based upon the above facts, because Revere is an accredited investor and because the issuance of the Warrant was a private transaction by the Company and did not involve any public offering. The Warrant is treated as embedded equity and separate disclosure is not necessary. Senior Convertible Notes Amendment Effective as of April 28, 2016, the Company and certain investors: Calapasas West Partners, L.P.; Full Value Partners, L.P.; Full Value Special Situations Fund, L.P.; MCM Opportunity Partners, L.P.; Mercury Partners, L.P.; Opportunity Partners, L.P.; Special Opportunities Fund, Inc.; and Steady Gain Partners, L.P. (collectively the “Bulldog Investors”) amended the convertible 9% senior notes (“Amended Convertible Notes”) to purchase shares of the Company’s Common Stock. Prior to the amendment, the aggregate principal amount of the Convertible Notes ("Convertible Notes") was $3,000,000 . Pursuant to the terms of the Amended Convertible Notes, upon thirty ( 30 ) calendar days’ notice (“Notice”), the Company may prepay any portion of the outstanding Principal Amount and accrued and unpaid interest, if any, without penalty. In addition, upon Notice the Bulldog Investors may now exercise their right to convert all or any portion of the outstanding Principal Amount and any accrued but unpaid interest into shares of Common Stock any time prior to the repayment in full of the Amended Convertible Notes. The maximum number of shares of Common Stock issuable upon conversion of the Amended Convertible Notes is 1,417,079 shares. As of December 31, 2017 , the Bulldog Investors converted approximately $1.64 million of principal amount into 1,417,079 shares, pre-reverse split of the Company's Common Stock, the maximum number of shares allowed. Chesapeake Square Refinance On July 11, 2016, the Company executed a promissory note for $4.60 million to refinance the Chesapeake Square collateralized portion of the KeyBank Credit Agreement totaling $3.90 million . The new loan matures in August 2026 with monthly principal and interest payments due at an interest rate of 4.70% . Perimeter Square Refinance On July 29, 2016, the Company executed a promissory note for $4.50 million to refinance the Perimeter promissory note totaling $4.10 million . The loan matures in August 2026 with principal due at maturity and bears interest at 4.06% . On June 14, 2017, the Company executed a promissory note for $6.25 million to refinance the Perimeter loan totaling $4.50 million . The loan matures December 2018 with monthly interest only payments. Principal is due at maturity. The loan bears interest at 5.50% . As of December 31, 2017, $5.38 million has been borrowed on the note with the remaining $870 thousand available for tenant improvements. Berkley, Sangaree/Tri-County On November 10, 2016, the Company executed a promissory note for $9.40 million for the purchase of Berkley, Sangaree/Tri-County. The loan matures in December 2026 with monthly interest only payments due through 2021 at which time monthly principal and interest payments begin. The loan bears interest at 4.78% . Riverbridge On November 15, 2016, the Company executed a promissory note for $4.00 million for the purchase of Riverbridge. The loan matures in December 2026 with principal due at maturity and bears interest at 4.48% . Franklin On December 12, 2016, the Company executed a promissory note for $8.52 million for the purchase of Franklin. The loan matures in January 2027 with monthly interest only payments due through January 2020 at which time monthly principal and interest payments begin. The loan bears interest at 4.93% . Lumber River On December 20, 2016, the Company executed a promissory note for $1.50 million . The loan matures in June 2018 with interest only payments at a rate of 295 basis points over one month LIBOR through 2017. Principal payments begin in 2018. Harbor Point Renewal On December 2, 2016, the Company renewed the promissory note for $649 thousand on Harbor Point for two years. The loan matures on December 5, 2018 with monthly principal and interest payments. The loan bears interest at 5.85% . Rivergate On December 21, 2016, the Company executed a promissory note for $24.20 million for the purchase of Rivergate. The loan matures in December 2019 with interest only payments at a rate of 295 basis points on one month LIBOR for the first year and principal and interest for the next two years. With the sale of the Steak n' Shake outparcel at Rivergate, as discussed in Note 3, a $1.52 million principal payment was made on the Rivergate loan. The balance on the Rivergate loan was $22.69 million at December 31, 2017. Folly Road Refinance On March 22, 2017, the Company executed a promissory note for $8.57 million to refinance the Folly Road collateralized portion of the KeyBank Credit Agreement totaling $6.05 million . The loan matures in March 2020 with monthly interest only payments due through April 2018 at which time monthly principal and interest payments begin based on a 25 year amortization. The loan bears interest at 4.00% . As of December 31, 2017, $6.18 million has been borrowed on the note with the remaining $2.39 million available for construction and development. Columbia Fire House Construction Loan On May 3, 2017, the Company executed a promissory note for $4.30 million related to construction at Columbia Fire House ("Columbia Fire House Construction Loan") at which time the original Columbia Fire House note ("Columbia Fire House Loan") was paid down to $262 thousand . The loan matures in May 2020 with monthly interest only payments through November 2018 at which time monthly principal and interest payments begin based on a 20 year amortization. The loan bears interest at 4.00% . As of December 31, 2017, $3.42 million has been borrowed on the note with the remaining $879 thousand available for construction and development. Walnut Hill Plaza Amendment On July 18, 2017, the Company extended the $3.39 million Walnut Hill Plaza loan maturity to October 31, 2017. On August 29, 2017, the Company amended the Walnut Hill Plaza promissory note for $3.90 million . The amended loan matures in September 2022 with monthly interest only payments through August 2018 at which time monthly principal and interest payments of $26,850 begin based on a 20 year amortization. The loan bears interest at 5.50% . Bank Line of Credit On September 16, 2017, the Company extended the $3.00 million bank line of credit to December 15, 2017. Subsequent to year end the bank line of credit was extended, see Note 13. Monarch Bank Building On December 12, 2017, the Company extended the $1.27 million Monarch Bank Building loan to June 2019 with monthly principal and interest payments of $7,340 at a rate of 4.85% . Columbia Fire Station On December 21, 2017, the Company paid $262 thousand to satisfy the loan in full. Loan Covenants Certain of the Company’s loans payable have covenants with which the Company is required to comply. As of December 31, 2017, the Company has received a waiver through loan maturity for the debt to tangible net worth ratio on the Bank Line of Credit and a waiver of the interest coverage ratio on the Revere Loan as of December 31, 2017 which was adversely impacted by the impairment on note receivable and reserve on related party receivables recognized during fourth quarter 2017. As of December 31, 2017 , the Company believes it is in compliance with all other applicable covenants. Debt Maturity The Company’s scheduled principal repayments on indebtedness as of December 31, 2017 are as follows (in thousands): For the Years Ended December 31, 2018 $ 39,807 2019 78,576 2020 18,531 2021 1,907 2022 5,534 Thereafter 169,423 Total principal repayments and debt maturities $ 313,778 The Company has considered our short-term (one year or less) liquidity needs and the adequacy of our estimated cash flows from operating activities and other expected financing sources to meet these needs. In particular, we have considered our scheduled debt maturities and principal payments for the year ended December 31, 2018 of $39.81 million , which includes the $15.53 million maturity of the KeyBank Line of Credit. Management is in the process of refinancing properties off the KeyBank Line of Credit to reduce the line to under $52.50 million prior to July 1, 2018 in accordance with the Amended and Restated Credit Agreement. Management is in the process of reviewing a term sheet for the refinancing of Revere, Shoppes at Eagle Harbor and Riversedge, approximately $11.11 million . All loans due to mature are collateralized by properties within our portfolio. Additionally, the Company expects to meet the short-term liquidity requirements, through a combination of the following: • available cash and cash equivalents; • cash flows from operating activities; • refinancing of maturing debt; and • intended sale of seven undeveloped land parcels and sale of additional properties, if necessary. Management is currently working with lenders to refinance the loans noted above. The loans are expected to have customary interest rates similar to current loans. They are subject to formal lender commitment, definitive documentation and customary conditions.

Rentals under Operating Leases

Rentals under Operating Leases	12 Months Ended
	Dec. 31, 2017
Leases [Abstract]
Rentals under Operating Leases	Rentals under Operating Leases Future minimum rents to be received under noncancelable tenant operating leases for each of the next five years and thereafter, excluding CAM and percentage rent based on tenant sales volume, as of December 31, 2017 are as follows (in thousands): For the Years Ended December 31, 2018 $ 41,786 2019 36,626 2020 29,626 2021 22,759 2022 17,828 Thereafter 47,312 Total minimum rents $ 195,937

Equity and Mezzanine Equity

Equity and Mezzanine Equity	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Equity and Mezzanine Equity	Equity and Mezzanine Equity Common Stock One-for-Eight Reverse Stock Split On February 27, 2017, we announced that our Board of Directors had approved the Reverse Stock Split. The Reverse Stock Split took effect at approximately 5:00 p.m. Eastern Time on March 31, 2017 (the “Effective Time”). At the Effective Time, every eight issued and outstanding shares of Common Stock were converted into one share of Common Stock, and as a result, the number of outstanding shares of Common Stock was reduced from approximately 68,707,755 to approximately 8,588,470 . At the Effective Time, the number of authorized shares of Common Stock was also reduced, on a one-for-eight basis, from 150,000,000 to 18,750,000 . The par value of each share of Common Stock remained unchanged. No fractional shares were issued in connection with the Reverse Stock Split. Instead, the Company's transfer agent, aggregated all fractional shares that otherwise would have been issued as a result of the Reverse Stock Split and those shares were sold into the market. Shareholders who would otherwise hold a fractional share of the Company's stock received a cash payment from the net proceeds of the sale in lieu of such fractional shares. All share and share-related information presented in this Annual Report on Form 10-K have been retroactively adjusted to reflect the decreased number of shares resulting from the Reverse Stock Split. The Company has authority to issue 33,750,000 shares of stock, consisting of 18,750,000 shares of $0.01 par value Common Stock (“Common Stock”) and 15,000,000 shares of preferred stock of which 5,000,000 shares have been classified as no par value Series B Preferred Stock (“Series B Preferred ”), 4,000,000 shares as Redeemable Preferred Stock ("Series D Preferred") and 4,500 shares of Series A Preferred Stock ("Series A Preferred). The Company increased the number of shares of Common Stock authorized from 1,875,000 to 9,375,000 during June 2013, and from 9,375,000 to 18,750,000 during June 2015. Substantially all of our business is conducted through the Company’s Operating Partnership. The Trust is the sole general partner of the Operating Partnership and owned a 94.34% interest in the Operating Partnership as of December 31, 2017 . Limited partners in the Operating Partnership have the right to redeem their common units for cash or, at our option, common shares at a ratio of one common unit for one common share. Distributions to common unit holders are paid at the same rate per unit as dividends per share to the Trust’s common shareholders. As of December 31, 2017 and 2016 , there were 11,226,868 and 11,218,694 , respectively, of common units outstanding with the Trust owning 10,591,850 and 10,456,740 , respectively, of these common units. Series A Preferred Stock At December 31, 2017 and December 31, 2016, the Company had 562 shares of no par value Series A Preferred issued and outstanding, 4,500 authorized and a $1,000 liquidation preference per share, or $562 thousand in aggregate. The Series A Preferred accrues cumulative dividends at a rate of 9% per annum, which is paid quarterly. The Company has the right to redeem the 562 shares of Series A Preferred, on a pro rata basis, at any time at a price equal to 103% of the purchase price for the Series A Preferred plus any accrued but unpaid dividends. Series C Preferred Stock Offering On March 19, 2015 , the Company entered into securities purchase agreements dated as of March 19, 2015 (the “Securities Purchase Agreements”), with certain accredited investors (the “Investors”), pursuant to which, among other things, the Company sold an aggregate of 93,000 shares of Series C Mandatorily Convertible Cumulative Perpetual Preferred Stock, liquidation value $1,000 per share (the “Series C Preferred”), in a private placement (the “Private Placement”) to the Investors in exchange for aggregate consideration of $93.00 million , consisting of $90.00 million in cash and the exchange of $3.00 million in senior convertible debt. Each share of Series C Preferred was sold to the Investors at an offering price of $1,000 per share. Net proceeds from the Private Placement totaled $83.42 million , which included the impact of the underwriters' selling commissions and legal, accounting and other professional fees. From March 19, 2015 until June 11, 2015 , the holders of Series C Preferred were entitled to receive, when, and if authorized by the Company’s Board of Directors and declared by the Company out of legally available funds, a dividend, on an as converted basis, that mirrors any dividend payable on shares of Common Stock and also were entitled to share in any other distribution made on the Common Stock on an as converted basis (other than dividends or other distributions payable in Common Stock). Any dividends or other distributions on the Series C Preferred during this time period were to be paid, on an as converted basis, pro rata from the date of issuance. The Series C Preferred was automatically converted into shares of Common Stock on June 11, 2015 , which was the fifth business day following the June 4, 2015 approval by the requisite holders of the Common Stock of the conversion of the Series C Preferred into Common Stock and the issuance of Common Stock upon such conversion. Each share of Series C Preferred converted into 62.5 shares of Common Stock at the conversion price of $16.00 per share. The conversion of the Series C Preferred into Common Stock at this rate was considered to be a beneficial conversion feature, resulting in a deemed distribution of $59.52 million , which is included in the consolidated statement of equity and also in the consolidated statement of cash flows as a non-cash transaction. Series A and Series B Preferred Stock Exchange Offer On June 15, 2015 , the Company entered into an exchange offer (the “Exchange Offer”) to holders of its Series A Preferred and Series B Preferred. The Exchange Offer permitted tendering shareholders to exchange their shares of Series A Preferred or Series B Preferred for an aggregate of up to 2,606,656 of newly issued shares of the Company’s Common Stock. Each share of Series A Preferred was exchangeable for 62.5 shares of Common Stock, and each share of the Series B Preferred Stock was exchangeable for 1.5625 shares of Common Stock. On July 20, 2015 , the Company completed the Exchange Offer, under which 1,247 shares of Series A Preferred and 865,481 shares of Series B Preferred were tendered for 1,430,250 newly issued shares of the Company's Common Stock. The Company paid cash in lieu of any fractional shares of Common Stock upon the exchange of the Series A Preferred and Series B Preferred. The Exchange Offer was considered to be a beneficial conversion feature, resulting in a deemed distribution of $13.12 million , which is included in the consolidated statement of equity and also in the consolidated statement of cash flows as a non-cash transaction. Series B Preferred Stock On July 7, 2016 the Company filed a shelf registration statement relating to the potential issuance of up to $50.00 million of our Series B Preferred. On July 21, 2016, the Company entered into an Equity Distribution Agreement (the "Equity Distribution Agreement") with a third party agent to sell such securities. As of December 31, 2017, the Company has issued 1,146,829 shares of Series B Preferred, 1,142,225 in 2016 and 4,604 in 2017, pursuant to the Equity Distribution Agreement in addition to the 729,119 shares that were currently issued and outstanding. The Series B Preferred has no redemption rights. However, the Series B Preferred is subject to a mandatory conversion once the 20 -trading day volume-weighted average closing price of our Common Stock, $0.01 par value per share, exceeds $58 per share; once this weighted average closing price is met, each share of our Series B Preferred will automatically convert into shares of our Common Stock at a conversion price equal to $40.00 per share. In addition, holders of our Series B Preferred also have the option, at any time, to convert shares of our Series B Preferred into shares of our Common Stock at a conversion price of $40.00 per share of Common Stock. Upon any voluntary or involuntary liquidation, dissolution or winding up of our company, the holders of shares of our Series B Preferred shall be entitled to be paid out of our assets a liquidation preference of $25.00 per share, plus an amount equal to all accumulated, accrued and unpaid dividends to and including the date of payment. The Series Preferred B has no maturity date and will remain outstanding indefinitely unless subject to a mandatory or voluntary conversion as described above. Net proceeds from the Series B Preferred offering totaled $96 thousand and $23.40 million which includes the impact of the underwriters’ selling concessions and legal, accounting and other professional fees for years ended December 31, 2017 and 2016, respectively. In conjunction with the 2014 issuances of Series B Preferred 1,986,600 warrants were issued. Each warrant permits investors to purchase 0.125 share of Common Stock at an exercise price of $44 per share of Common Stock, subject to adjustment. The warrants expire in April 2019. At December 31, 2017 and December 31, 2016, the Company had 1,875,848 and 1,871,244 shares, respectively, and 5,000,000 shares of no par value Series B Preferred issued and authorized with a $25.00 liquidation preference per share, or $46.90 million and $46.78 million in aggregate, respectively. The Series B Preferred bears interest at a rate of 9% per annum. Series D Preferred Stock- Redeemable Preferred Stock In 2016, the Company issued and sold 2,237,000 shares of Series D Preferred, liquidation value $25.00 per share, in a combination of two public offerings. In September 2016, 1,600,000 shares of Series D Preferred were sold to investors at an offering price of $25.00 per share. In December 2016, 637,000 shares of Series D Preferred were sold to investors at an offering price of $24.00 per share. Until September 21, 2023, the holders of the Series D Preferred are entitled to receive cumulative cash dividends at a rate of 8.75% per annum of the $25.00 liquidation preference per share (equivalent to the fixed annual amount of $2.1875 per share) (the “Initial Rate”). Commencing September 21, 2023, the holder’s will be entitled to cumulative cash dividends at an annual dividend rate of the Initial Rate increased by 2% of the liquidation preference per annum on each subsequent anniversary thereafter, subject to a maximum annual dividend rate of 14% . Dividends are payable quarterly in arrears on or before January 15 th , April 15 th , July 15 th and October 15 th of each year. On or after September 21, 2021, the Company, may at its option, redeem the Series D Preferred, for cash at a redemption price of $25.00 per share, plus an amount equal to all accrued and unpaid dividends, if any, to and including the redemption date. The holder of the Series D Preferred may convert shares at any time into shares of the Company’s Common Stock at an initial conversion rate of $16.96 per share of Common Stock. On September 21, 2023, the holders of the Series D Preferred may, at their option, elect to cause the Company to redeem any or all of their shares at a redemption price of $25.00 per share, plus an amount equal to all accrued and unpaid dividends, if any, to and including the redemption date, payable in cash or in shares of Common Stock, or any combination thereof, at the holder’s option. The Series D Preferred requires the Company maintain asset coverage of at least 200% . If we fail to maintain asset coverage of at least 200% calculated by determining the percentage value of (i) our total assets plus accumulated depreciation minus our total liabilities and indebtedness as reported in our financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) (exclusive of the book value of any Redeemable and Term Preferred Stock (defined below)) over (ii) the aggregate liquidation preference, plus an amount equal to all accrued and unpaid dividends, of outstanding shares of our Series D Preferred Stock and any outstanding shares of term preferred stock or preferred stock providing for a fixed mandatory redemption date or maturity date (collectively referred to as “Redeemable and Term Preferred Stock”) on the last business day of any calendar quarter (“Asset Coverage Ratio”), and such failure is not cured by the close of business on the date that is 30 calendar days following the filing date of our Annual Report on Form 10-K or Quarterly Report on Form 10-Q, as applicable, for that quarter, or the “Asset Coverage Cure Date,” then we will be required to redeem, within 90 calendar days of the Asset Coverage Cure Date, shares of Redeemable and Term Preferred Stock, which may include Series D Preferred Stock, at least equal to the lesser of (i) the minimum number of shares of Redeemable and Term Preferred Stock that will result in us having a coverage ratio of at least 200% and (ii) the maximum number of shares of Redeemable and Term Preferred Stock that can be redeemed solely out of funds legally available for such redemption. In connection with any redemption for failure to maintain the Asset Coverage Ratio, we may, in our sole option, redeem any shares of Redeemable and Term Preferred Stock we select, including on a non-pro rata basis. We may elect not to redeem any Series D Preferred Stock to cure such failure as long as we cure our failure to meet the Asset Coverage Ratio by or on the Asset Coverage Cure Date. If shares of Series D Preferred Stock are to be redeemed for failure to maintain the Asset Coverage Ratio, such shares will be redeemed solely in cash at a redemption price equal to $25.00 per share plus an amount equal to all accrued but unpaid dividends, if any, on such shares (whether or not declared) to and including the redemption date. Net proceeds from the public offering totaled $52.4 million , which includes the impact of the underwriters' selling commissions and legal, accounting and other professional fees. At December 31, 2017 and December 31, 2016, the Company had 2,237,000 issued and 4,000,000 authorized shares of no par value Series D Preferred with a $25.00 liquidation preference per share, or $55.93 million in aggregate. Accretion of Series D Preferred discount was $723 thousand , $0 thousand and $0 thousand for the years ended December 31, 2017 , 2016 and 2015, respectively. Earnings per share Basic earnings per share for the Company’s common shareholders is calculated by dividing income (loss) from continuing operations, excluding amounts attributable to preferred stockholders and the net loss attributable to noncontrolling interests, by the Company’s weighted-average shares of Common Stock outstanding during the period. Diluted earnings per share is computed by dividing the net income (loss) attributable to common shareholders, excluding amounts attributable to preferred shareholders and the net income (loss) attributable to noncontrolling interests, by the weighted-average number of common shares including any dilutive shares. As of December 31, 2017 , 2016 and 2015 , the below shares are able to be converted to Common Stock. The common units, convertible preferred stock, cumulative convertible preferred stock, and warrants have been excluded from the Company’s diluted earnings per share calculation because their inclusion would be antidilutive. In addition to the below, 750,000 shares of the Company's Common Stock may be issued upon exercise of a warrant, solely in the event of a default under a loan agreement in which we serve as a guarantor. December 31, 2017 December 31, 2016 December 31, 2015 Outstanding shares Potential Dilutive Shares Outstanding shares Potential Dilutive Shares Outstanding shares Potential Dilutive Shares Common units 635,018 635,018 761,954 506,911 506,911 419,360 Series B Preferred Stock 1,875,848 1,172,405 1,871,244 1,169,528 729,119 455,699 Series D Preferred Stock 2,237,000 3,297,465 2,237,000 3,297,465 — — Warrants to purchase Common Stock 329,378 329,378 329,453 Senior Convertible Notes 2,509 2,509 177,135 177,135 Dividends Dividends were made to holders of common units, common shares and preferred shares as follows (in thousands): Years Ended December 31, 2017 2016 2015 Common unit and common shareholders $ 13,477 $ 15,328 $ 9,786 Preferred shareholders 9,969 4,713 13,628 Total $ 23,446 $ 20,041 $ 23,414 On December 14, 2017, the Company declared a quarterly $0.34 per share dividend payable on or about January 15, 2018 to common shareholders and unit holders of record as of December 28, 2017. Accordingly, the Company has accrued $3.19 million as of December 31, 2017 for this dividend. During the three months ended December 31, 2017 , the Company declared quarterly dividends of $2.29 million to preferred shareholders of record as of December 30, 2017 to be paid on January 15, 2018. Accordingly, the Company has accrued $2.29 million as of December 31, 2017 for this dividend. 2015 Long-Term Incentive Plan On June 4, 2015, the Company's shareholders approved the 2015 Long-Term Incentive Plan (the "2015 Incentive Plan"). The 2015 Incentive Plan allows for issuance of up to 125,000 shares of the Company's Common Stock to employees, directors, officers and consultants for services rendered to the Company. The 2015 Incentive Plan replaced the 2012 Stock Incentive Plan ("Stock Incentive Plan"). During the year ended December 31, 2017, the Company issued 11,465 shares to employees for services rendered to the Company. The market value of these shares at the time of issuance was approximately $155 thousand . As of December 31, 2017, there are 41,104 shares available for issuance under the Company’s 2015 Incentive Plan. During the year ended December 31, 2016, the Company issued 42,069 shares to employees, directors, officers and consultants for services rendered to the Company. The market value of these shares at the time of issuance was approximately $578 thousand . During the year ended December 31, 2015, the Company issued 40,019 shares to employees, directors, officers and consultants for services rendered to the Company. 9,658 of these shares were issued under the Stock Incentive Plan, and 30,362 of these shares were issues under the 2015 Incentive Plan. The market value of these shares at the time of issuance was approximately $697 thousand . 2016 Long-Term Incentive Plan On June 15, 2016, the Company's shareholders approved the 2016 Long-Term Incentive Plan (the "2016 Incentive Plan"). The 2016 Incentive Plan allows for issuance of up to 625,000 shares of the Company's Common Stock to employees, directors, officers and consultants for services rendered to the Company. During the year ended December 31, 2017, the Company issued 99,527 shares to directors and consultants for services rendered to the Company. The market value of these shares at the time of issuance was approximately $1.26 million . As of December 31, 2017, there are 520,872 shares available for issuance under the Company’s 2016 Incentive Plan. During the year ended December 31, 2016, the Company issued 4,601 shares to employees, directors, officers and consultants for services rendered to the Company. The market value of these shares at the time of issuance was approximately $60 thousand .

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Lease Commitments The following properties are subject to ground leases which requires the Company to make a fixed annual rental payment and includes escalation clauses and renewal options as follows (in thousands): For the Years Ended December 31, Expiration Year 2017 2016 2015 Amscot $ 18 $ 18 $ 18 2045 Beaver Ruin Village 46 46 23 2054 Beaver Ruin Village II 19 18 9 2056 Leased office space Charleston, SC 100 92 118 2019 Moncks Corner 121 87 — 2040 Devine Street 251 180 — 2035 Total Ground Leases $ 555 $ 441 $ 168 Future minimum lease payments due under the operating leases, including applicable automatic extension options, are as follows (unaudited, in thousands): For the Years Ended December 31, 2018 $ 530 2019 499 2020 433 2021 485 2022 488 Thereafter 9,666 Total minimum lease payments $ 12,101 Insurance The Company carries comprehensive liability, fire, extended coverage, business interruption and rental loss insurance covering all of the properties in its portfolio under a blanket insurance policy, in addition to other coverages, such as trademark and pollution coverage that may be appropriate for certain of its properties. Additionally, the Company carries a directors’, officers’, entity and employment practices liability insurance policy that covers such claims made against the Company and its directors and officers. The Company believes the policy specifications and insured limits are appropriate and adequate for its properties given the relative risk of loss, the cost of the coverage and industry practice; however, its insurance coverage may not be sufficient to fully cover its losses. Concentration of Credit Risk The Company is subject to risks incidental to the ownership and operation of commercial real estate. These risks include, among others, the risks normally associated with changes in the general economic climate, trends in the retail industry, creditworthiness of tenants, competition for tenants and customers, changes in tax laws, interest rates, the availability of financing and potential liability under environmental and other laws. The Company’s portfolio of properties is dependent upon regional and local economic conditions and is geographically concentrated in the Northeast, Mid-Atlantic, Southeast and Southwest, which markets represented approximately 4% , 23% , 72% and 1% , respectively, of the total annualized base rent of the properties in its portfolio as of December 31, 2017 . The Company’s geographic concentration may cause it to be more susceptible to adverse developments in those markets than if it owned a more geographically diverse portfolio. Additionally, the Company’s retail shopping center properties depend on anchor stores or major tenants to attract shoppers and could be adversely affected by the loss of, or a store closure by, one or more of these tenants. Regulatory and Environmental As the owner of the buildings on our properties, the Company could face liability for the presence of hazardous materials (e.g., asbestos or lead) or other adverse conditions (e.g., poor indoor air quality) in its buildings. Environmental laws govern the presence, maintenance, and removal of hazardous materials in buildings, and if the Company does not comply with such laws, it could face fines for such noncompliance. Also, the Company could be liable to third parties (e.g., occupants of the buildings) for damages related to exposure to hazardous materials or adverse conditions in its buildings, and the Company could incur material expenses with respect to abatement or remediation of hazardous materials or other adverse conditions in its buildings. In addition, some of the Company’s tenants routinely handle and use hazardous or regulated substances and wastes as part of their operations at our properties, which are subject to regulation. Such environmental and health and safety laws and regulations could subject the Company or its tenants to liability resulting from these activities. Environmental liabilities could affect a tenant’s ability to make rental payments to the Company, and changes in laws could increase the potential liability for noncompliance. This may result in significant unanticipated expenditures or may otherwise materially and adversely affect the Company’s operations. The Company is not aware of any material contingent liabilities, regulatory matters or environmental matters that may exist. Litigation The Company is involved in various legal proceedings arising in the ordinary course of its business, including, but not limited to commercial disputes. The Company believes that such litigation, claims and administrative proceedings will not have a material adverse impact on its financial position or its results of operations. The Company records a liability when it considers the loss probable and the amount can be reasonably estimated.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The following summarizes related party activity as of and for the years ended December 31, 2017 , 2016 and 2015 . The amounts disclosed below reflect the activity between the Company and Mr. Wheeler's affiliates (in thousands). December 31, 2017 2016 2015 Amounts paid to affiliates $ 48 $ 125 $ 986 Amounts received from affiliates $ 2,517 $ 1,347 $ 777 Amounts due from affiliates $ — $ 1,456 $ 481 Notes receivable $ 6,739 $ 12,000 $ — As discussed in Note 4, the Company loaned $11.00 million for the partial funding of Pineland Station Shopping Center in Hilton Head, South Carolina to be known in the future as Sea Turtle Development and loaned $1.00 million for the sale of land to be used in the development. The Company has recognized a $5.26 million impairment charge on the note receivable as discussed in greater detail in Note 4. The impairment charge is presented as “impairment of notes receivable” on the consolidated statements of operations. Subsequent to December 31, 2017, the Company's agreement to perform development, leasing, property and asset management services for Sea Turtle Development was terminated. Prior to the termination of the agreements, development fees of 5% of hard costs incurred were paid to the Company. Leasing, property and asset management fees were consistent with those charged for services provided to non-related properties. The Company has reserved $2.36 million in amounts due from affiliates at December 31, 2017, as follows: Sea Turtle Development Accrued interest on note receivable - due at maturity $ 895 Accrued interest on note receivable - currently due 443 Leasing Commissions 190 Development fees 182 Other 18 Other non-REIT Properties 636 $ 2,364 Of the gross $833 thousand currently due from Sea Turtle Development $323 thousand was earned during the three months ended December 31, 2017. Amounts due from Sea Turtle Development are reserved due to uncertainty surrounding the collectability given current cash flow models. Cash flow models on the project include development costs to date, anticipated cost to complete, executed leases, and financing available to complete and stabilize the project. Capitalization rates utilized in these models are based upon rates that the Company believes to be within a reasonable range of current market rates for the respective project. Amounts due from other non-REIT properties have been reserved based on available cash flows at the respective properties and payment history. The reserve is included in “provision for credit losses” on the consolidated statements of operations. Subsequent to December 31, 2017, the management agreements for these properties have or are in the process of being terminated. At December 31, 2016, $657 thousand in accrued interest on the notes receivable was included in amounts due from affiliates, of this $415 thousand was due at maturity. Amounts due from affiliates also include $166 thousand in development fees at December 31, 2016. These amounts are included in "related party receivables, net" on the consolidated balance sheets. In 2016, in connection with the acquisition of Berkley and Sangaree/Tri-County, the Operating Partnership entered into a tax protection agreement that obligates the Operating Partnership to reimburse Jon Wheeler, the Company's former CEO, for his tax liabilities resulting from the recognition of certain taxable income or gain in the event the Operating Partnership takes certain action prior to November 10, 2023 with respect to Sangaree Plaza, Tri-County Plaza and Berkley.

Selected Quarterly Financial Da

Selected Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Data (Unaudited)	Selected Quarterly Financial Data (Unaudited) The following tables summarize certain selected quarterly financial data for 2017 and 2016 (in thousands, except per share data): 2017 Quarters First Second Third Fourth Total Revenues $ 14,322 $ 14,719 $ 15,198 14,296 Operating Income (Loss) 1,173 2,542 1,779 (4,952 ) Net loss from continuing operations (2,689 ) (715 ) (2,173 ) (8,719 ) Net income (loss) from discontinued operations 1,529 (11 ) — — Net loss attributable to Wheeler REIT common shareholders (3,602 ) (3,207 ) (4,558 ) (10,696 ) Loss per share from continuing operations (basic and diluted) (0.59 ) (0.37 ) (0.52 ) (1.22 ) Income per share from discontinued operations 0.17 — — — 2016 Quarters First Second Third Fourth Total Revenues $ 9,138 $ 11,084 $ 11,911 $ 12,027 Operating Income (Loss) (1,164 ) (13 ) 1,666 (780 ) Net loss from continuing operations (3,583 ) (3,754 ) (1,674 ) (4,051 ) Net income from discontinued operations 21 743 40 20 Net loss attributable to Wheeler REIT common shareholders (3,740 ) (3,210 ) (2,752 ) (6,214 ) Loss per share from continuing operations (basic and diluted) (1) (0.45 ) (0.46 ) (0.32 ) (0.73 ) Income per share from discontinued operations (1) — 0.08 — — (1) Adjusted the previously reported amounts for all four quarters in 2016 for Reverse Stock Split to be consistent with 2017 presentations.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Resignation of our CFO, Wilkes Graham and appointment of Matthew Reddy as CFO On January 4, 2018, Wilkes Graham tendered his resignation as the CFO of the company. Such resignation was to be effective on or before March 4, 2018. On January 23, 2018, the Company received communication on behalf of Mr. Graham indicating that he had terminated his employment immediately for Good Reason (as defined in his employment agreement). The Company disagrees Mr. Graham had Good Reason to terminate his employment. Further, the terms of his employment contract provide that the effective date of termination would occur 60 days following written notice of termination from Mr. Graham with or without Good Reason, and not immediately. Accordingly, the Company has expressly reserved all claims that it may possess in relation to Mr. Graham’s employment. The Board of Directors (the “Board”) named Matthew Reddy, the Company’s Chief Accounting Officer as Chief Financial Officer. There is no family relationship between Mr. Reddy and any director, executive officer, or person nominated or chosen by us to become a director or executive officer of the company. Sale of Chipotle at Conyers Crossing On January 12, 2018, the Company completed the sale of the Chipotle ground lease at Conyers Crossing for a contract price of $1.27 million , resulting in a gain of $1.05 million with net proceeds of $1.16 million . 2018 Series D Preferred Stock Offering- Redeemable Preferred Stock In January 2018, the Company, issued and sold 1,363,636 shares of Series D Preferred, in a public offering. Each share of Series D Preferred Stock was sold to investors at an offering price of $16.50 per share. Net proceeds from the public offering totaled $21.16 million , which includes the impact of the underwriters' selling commissions and legal, accounting and other professional fees. Bank Line of Credit Renewal On January 10, 2018, the Company extended the $3.00 million bank line of credit to June 15, 2018 with interest only payments due monthly at a rate of Libor + 3.00% with a floor of 4.25% . JANAF Acquisition On January 18, 2018, the Company acquired JANAF, a retail shopping center located in Norfolk, Virginia, for a purchase price of $85.65 million , paid through a combination of cash, debt assumption and the issuance of 150,000 shares of Common Stock. The shopping center, anchored by BJ's Wholesale Club, totals 887,917 square feet and was 94% leased at the acquisition date. The following summarizes the consideration paid and the fair values of assets acquired and liabilities assumed in conjunction with the acquisitions described above, along with a description of the methods used to determine fair value. In determining fair values, the Company considered many factors including, but not limited to, cash flows, market cap rates, location, occupancy rates, appraisals, other acquisitions and management’s knowledge of the current acquisition market for similar properties. JANAF (in thousands, unaudited) Fair value of assets acquired and liabilities assumed: Investment property (a) $ 77,383 Lease intangibles and other assets (b) 11,040 Above market leases (c) 2,079 Below market leases (c) (4,852 ) Debt assumption (d) (58,867 ) Net fair value of assets acquired and liabilities assumed: $ 26,783 Purchase consideration: Consideration paid with cash and debt $ 25,653 Consideration paid with assumption of debt 58,867 Consideration paid with common stock 1,130 Total consideration (e) $ 85,650 a. Represents the fair value of the net investment properties acquired which includes land, buildings, site improvements and tenant improvements. The fair value was determined using following approaches: i. the market approach valuation methodology for land by considering similar transactions in the markets; ii. a combination of the cost approach and income approach valuation methodologies for buildings, including replacement cost evaluations, “go dark” analyses and residual calculations incorporating the land values; and iii. the cost approach valuation methodology for site and tenant improvements, including replacement costs and prevailing quoted market rates. b. Represents the fair value of lease intangibles and other assets. Lease intangibles includes in place leases and ground lease sandwich interests associated with replacing existing leases. The income approach was used to determine the fair value of these intangible assets which included estimated market rates and expenses. It was determined that carrying value approximated fair value for other asset amounts. c. Represents the fair value of above/below market leases. The income approach was used to determine the fair value of above/below market leases using market rental rates for similar properties. d. Assumption of $53.71 million of debt at a rate of 4.49% , maturing July 2023 with monthly principal and interest payments of $333,159 and assumption of $5.16 million of debt at a rate of 4.95% , maturing January 2026 with monthly principal and interest payments of $29,964 . e. Represents the components of purchase consideration paid. Unaudited pro forma financial information in the aggregate is presented below for the acquisition of JANAF. The unaudited pro forma information presented below includes the effects of the JANAF acquisition and those acquisitions noted in Note 3, as if they had been consummated as of the beginning of the prior fiscal year. The pro forma results include adjustments for depreciation and amortization associated with acquired tangible and intangible assets, straight-line rent adjustments, interest expense related to debt incurred and assumed. The unaudited pro forma financial information is presented for informational purposes only and may not be indicative of the results of operations that would have been achieved if these acquisition had taken place in January 1, 2017 or 2016. Years Ended December 31, 2017 2016 (in thousands, unaudited) Rental revenues $ 53,227 $ 52,130 Net loss from continuing operations $ (11,424 ) $ (15,261 ) Net loss attributable to Wheeler REIT $ (9,374 ) $ (13,097 ) Net loss attributable to Wheeler REIT common shareholders $ (22,327 ) $ (20,793 ) Basic loss per share $ (2.54 ) $ (2.43 ) Diluted loss per share $ (2.54 ) $ (2.43 ) JANAF - Bravo Loan On January 18, 2018, the Company executed a promissory note for $6.5 million for the purchase of JANAF at a rate of 4.65% . The loan matures in January 2021 with interest due monthly. CEO Transition On January 29, 2018, the Board of the Company terminated Jon S. Wheeler as the Company’s Chairman, CEO and President. In addition, in connection with the termination of Mr. Wheeler, the Board appointed David Kelly, the Company’s then acting CIO, as CEO and President. The Company does not plan to fill the CIO position at this time. Board of Directors On January 29, 2018, Mr. Wheeler resigned from his position as a member of the Company’s Board of Directors to pursue other interests. Mr. Wheeler was not a member of any committees of the Company. Chief Operating Officer Appointment In February 2018, M. Andrew Franklin, the Company's then acting Senior Vice President of Operations was appointed, as Chief Operating Officer.

Schedule II-Valuation and Quali

Schedule II-Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2017
Valuation and Qualifying Accounts [Abstract]
Schedule II-Valuation and Qualifying Accounts	Wheeler Real Estate Investment Trust, Inc. and Subsidiaries Schedule II-Valuation and Qualifying Accounts December 31, 2017 Description Balance at Beginning of Year Charged to Costs and Expense Deductions from Reserves Balance at End of Year (in thousands) Allowance for doubtful accounts: Year Ended December 31, 2017 $ 691 $ 2,821 $ (443 ) $ 3,069 Year Ended December 31, 2016 411 425 (145 ) 691

Schedule III-Real Estate and Ac

Schedule III-Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2017
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III-Real Estate and Accumulated Depreciation	Wheeler Real Estate Investment Trust, Inc. and Subsidiaries Schedule III-Real Estate and Accumulated Depreciation December 31, 2017 Initial Cost Costs Capitalized Subsequent to Acquisition Gross Amount at which Carried at End of Period Property Name Land Building and Improvements Improvements (net) Carrying Costs Land Building and Improvements Total (in thousands) Amscot Building $ — $ 462 $ 31 $ — $ — $ 493 $ 493 Lumber River Village 800 4,487 146 — 943 4,490 5,433 Monarch Bank 497 1,909 77 — 497 1,986 2,483 Perimeter Square 1,566 5,081 478 — 1,566 5,559 7,125 Riversedge North 910 2,208 638 — 910 2,846 3,756 Surrey Plaza 381 1,857 — — 381 1,857 2,238 The Shoppes at TJ Maxx 2,115 6,719 554 — 2,115 7,273 9,388 The Shoppes at Eagle Harbor 785 4,219 259 — 785 4,478 5,263 Twin City Commons 800 3,041 24 — 800 3,065 3,865 Walnut Hill Plaza 734 2,414 1,193 — 734 3,607 4,341 Tampa Festival 4,653 6,691 657 — 4,695 7,306 12,001 Forrest Gallery 3,015 7,455 855 — 3,015 8,310 11,325 Jenks Plaza 498 918 77 — 498 995 1,493 Winslow Plaza 1,325 3,684 184 — 1,370 3,823 5,193 Clover Plaza 356 1,197 26 — 356 1,223 1,579 St. George Plaza 706 1,264 25 — 706 1,289 1,995 South Square 353 1,911 — — 353 1,911 2,264 Westland Square 887 1,710 21 — 887 1,731 2,618 Waterway Plaza 1,280 1,248 11 — 1,280 1,259 2,539 Cypress Shopping Center 2,064 4,579 266 — 2,064 4,845 6,909 Harrodsburg Marketplace 1,431 2,485 78 — 1,509 2,485 3,994 Port Crossing Shopping Center 792 6,921 93 — 792 7,014 7,806 LaGrange Marketplace 390 2,648 7 — 390 2,655 3,045 DF I-Courtland 894 — — — 894 — 894 Edenton Commons 2,395 — — — 2,395 — 2,395 DF I-Moyock 908 — — — 908 — 908 Freeway Junction 1,521 6,755 13 — 1,521 6,768 8,289 Graystone Crossing 922 2,856 — — 922 2,856 3,778 Bryan Station 1,658 2,756 57 — 1,658 2,813 4,471 Crockett Square 1,546 6,834 183 — 1,565 6,998 8,563 Harbor Point 2,400 — 69 — 2,469 — 2,469 DF I-Berkley 250 — — — 250 — 250 Laskin Road 1,644 — 209 — 1,649 204 1,853 Pierpont Centre 484 9,221 10 — 484 9,231 9,715 Brook Run Properties 300 — 8 — 300 8 308 Alex City Marketplace 454 7,837 726 — 454 8,563 9,017 Butler Square 1,024 6,401 32 — 1,024 6,433 7,457 Brook Run Shopping Center 2,209 12,919 475 — 2,209 13,394 15,603 Beaver Ruin Village 2,604 8,284 3 — 2,604 8,287 10,891 Beaver Ruin Village II 1,153 2,809 5 — 1,153 2,814 3,967 Initial Cost Costs Capitalized Subsequent to Acquisition Gross Amount at which Carried at End of Period Property Name Land Building and Improvements Improvements (net) Carrying Costs Land Building and Improvements Total Columbia Fire Station $ 2,305 $ — $ 4,334 $ — $ 2,305 $ 4,334 $ 6,639 Chesapeake Square 895 4,112 638 — 1,219 4,426 5,645 Sunshine Plaza 1,183 6,368 16 — 1,183 6,384 7,567 Barnett Portfolio 3,107 8,912 141 — 3,193 8,967 12,160 Grove Park 722 4,590 — — 722 4,590 5,312 Parkway Plaza 772 4,230 14 — 772 4,244 5,016 Fort Howard Square 1,890 7,350 19 — 1,890 7,369 9,259 Conyers Crossing 2,101 6,820 — — 2,101 6,820 8,921 LBP Milltown — — 196 — — 196 196 LBP Vauxhall — — 1 — — 1 1 McPherson — — 7 — — 7 7 Darien Shopping Center 188 1,054 1 — 188 1,055 1,243 Devine Street 365 1,941 — — 365 1,941 2,306 Folly Road 5,992 4,527 180 — 5,992 4,707 10,699 Georgetown 742 1,917 — — 742 1,917 2,659 Ladson Crossing 2,981 3,920 38 — 2,981 3,958 6,939 Lake Greenwood Crossing 550 2,499 — — 550 2,499 3,049 Lake Murray 447 1,537 — — 447 1,537 1,984 Litchfield I 568 929 — — 568 929 1,497 Litchfield II 568 936 — — 568 936 1,504 Litchfield Market Village 2,970 4,716 — — 2,970 4,716 7,686 Moncks Corner — 1,109 — — — 1,109 1,109 Ridgeland 203 376 — — 203 376 579 Shoppes at Myrtle Park 3,182 5,360 11 — 3,182 5,371 8,553 South Lake 804 2,025 — — 804 2,025 2,829 South Park 943 2,967 5 — 943 2,972 3,915 St. Matthews 338 1,941 5 — 338 1,946 2,284 Berkley 1,005 2,865 (9 ) — 1,005 2,856 3,861 Sangaree 2,302 2,922 236 — 2,503 2,957 5,460 Tri-County 411 3,421 141 — 552 3,421 3,973 Riverbridge 774 5,384 58 — 832 5,384 6,216 Laburnum Square 3,736 5,928 50 — 3,734 5,980 9,714 Franklin Village 2,608 9,426 — — 2,608 9,426 12,034 Village at Martinsville 5,208 12,879 3 — 5,208 12,882 18,090 New Market Crossing 993 5,216 16 — 993 5,232 6,225 Rivergate Shopping Center 1,570 30,694 10 — 1,570 30,704 32,274 Totals $ 101,127 $ 300,651 $ 13,601 $ — $ 102,336 $ 313,043 $ 415,379 Wheeler Real Estate Investment Trust, Inc. and Subsidiaries Schedule III-Real Estate and Accumulated Depreciation Property Name Encumbrances Accumulated Depreciation Date of Construction Date Acquired Depreciation Life (in thousands) Amscot Building (3 ) (5 ) $ 203 5/15/2004 5-40 years Lumber River Village 1,500 747 11/16/2012 5-40 years Monarch Bank 1,266 (5 ) 1,133 12/28/2007 5-40 years Perimeter Square 5,382 (5 ) 905 11/16/2012 5-40 years Riversedge North 863 1,293 4/17/2008 12/21/2012 5-40 years Surrey Plaza (3 ) (5 ) 378 12/21/2012 5-40 years The Shoppes at TJ Maxx 5,727 1,341 11/16/2012 5-40 years The Shoppes at Eagle Harbor 3,341 (5 ) 1,117 9/9/2008 11/16/2012 5-40 years Twin City Commons 3,111 493 12/18/2012 5-40 years Walnut Hill Plaza 3,903 (5 ) 1,712 12/14/2007 5-40 years Tampa Festival 8,368 1,137 8/26/2013 5-40 years Forrest Gallery 8,669 1,232 8/29/2013 5-40 years Jenks Plaza (3 ) (5 ) 189 12/17/2013 5-40 years Winslow Plaza 4,620 681 12/19/2013 5-40 years Clover Plaza 2,049 142 12/23/2013 5-40 years St. George Plaza 2,584 163 12/23/2013 5-40 years South Square 2,104 202 12/23/2013 5-40 years Westland Square 2,684 199 12/23/2013 5-40 years Waterway Plaza 2,629 153 12/23/2013 5-40 years Cypress Shopping Center 6,485 491 7/1/2014 5-40 years Harrodsburg Marketplace 3,553 276 7/1/2014 5-40 years Port Crossing Shopping Center 6,263 1,119 7/3/2014 5-40 years LaGrange Marketplace 2,317 (5 ) 370 7/25/2014 5-40 years DF I-Courtland (undeveloped land) (5 ) — 8/15/2014 N/A Edenton Commons (undeveloped land) (5 ) — 8/15/2014 N/A DF I-Moyock (undeveloped land) 194 (5 ) — 8/15/2014 N/A Freeway Junction 7,994 759 9/4/2014 5-40 years Graystone Crossing 3,928 263 9/26/2014 5-40 years Bryan Station 4,547 292 10/2/2014 5-40 years Crockett Square 6,338 720 11/5/2014 5-40 years Harbor Point (undeveloped land) 553 (5 ) — 11/21/2014 N/A DF I-Berkley (undeveloped land) (5 ) — 12/1/2014 N/A Laskin Road (undeveloped land) (5 ) — 1/9/2015 N/A Pierpont Centre 8,113 900 1/14/2015 5-40 years Brook Run Properties (undeveloped land) (5 ) — 3/27/2015 N/A Alex City Marketplace 5,750 721 4/1/2015 5-40 years Butler Square 5,640 503 4/15/2015 5-40 years Brook Run Shopping Center 10,950 1,937 6/2/2015 5-40 years Beaver Ruin Village (4 ) 643 7/1/2015 5-40 years Beaver Ruin Village II (4 ) 202 7/1/2015 5-40 years Columbia Fire Station (redevelopment property) 3,421 (5 ) — 7/1/2015 N/A Chesapeake Square 4,507 485 7/10/2015 5-40 years Sunshine Plaza 5,900 494 7/21/2015 5-40 years Property Name Encumbrances Accumulated Depreciation Date of Construction Date Acquired Depreciation Life (in thousands) Barnett Portfolio $ 8,770 $ 766 8/21/2015 5-40 years Grove Park 3,800 424 9/9/2015 5-40 years Parkway Plaza 3,500 312 9/15/2015 5-40 years Fort Howard Square 7,100 519 9/30/2015 5-40 years Conyers Crossing 5,960 622 9/30/2015 5-40 years Darien Shopping Center (1 ) 57 4/12/2016 5-40 years Devine Street (1 ) 95 4/12/2016 5-40 years Folly Road 6,181 228 4/12/2016 5-40 years Georgetown (1 ) 99 4/12/2016 5-40 years Ladson Crossing (1 ) 221 4/12/2016 5-40 years Lake Greenwood Crossing (1 ) 128 4/12/2016 5-40 years Lake Murray (1 ) 104 4/12/2016 5-40 years Litchfield I (1 ) 59 4/12/2016 5-40 years Litchfield II (1 ) 67 4/12/2016 5-40 years Litchfield Market Village (1 ) 266 4/12/2016 5-40 years Moncks Corner (1 ) 60 4/12/2016 5-40 years Ridgeland (1 ) 24 4/12/2016 5-40 years Shoppes at Myrtle Park (1 ) 290 4/12/2016 5-40 years South Lake (1 ) 132 4/12/2016 5-40 years South Park (1 ) 154 4/12/2016 5-40 years St. Matthews (1 ) 99 4/12/2016 5-40 years Berkley (2 ) 115 11/10/2016 5-40 years Sangaree (2 ) 172 11/10/2016 5-40 years Tri-County (2 ) 178 11/10/2016 5-40 years Riverbridge 4,000 209 11/15/2016 5-40 years Laburnum Square (1 ) 205 12/7/2016 5-40 years Franklin Village 8,516 303 12/12/2016 5-40 years Village at Martinsville (1 ) 444 12/16/2016 5-40 years New Market Crossing (1 ) 170 12/20/2016 5-40 years Rivergate Shopping Center 22,689 928 12/21/2016 5-40 years Totals $ 31,045 (1) Properties secure a $68.0 million mortgage note. (2) Properties secure a $9.4 million mortgage note. (3) These properties secure a $3.0 million bank line of credit. (4) Properties secure a $9.4 million mortgage note. (5) Properties secure the $6.8 million Revere loan. 2017 2016 (in thousands) Balance at beginning of period $ 409,585 $ 252,831 Additions during the period: Acquisitions — 157,025 Improvements 7,367 1,787 Disposals (1,573 ) (2,058 ) Balance at end of period $ 415,379 $ 409,585

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Investment Properties	Investment Properties The Company records investment properties and related intangibles at fair value upon acquisition. Investment properties include both acquired and constructed assets. Improvements and major repairs and maintenance are capitalized when the repair and maintenance substantially extends the useful life, increases capacity or improves the efficiency of the asset. All other repair and maintenance costs are expensed as incurred. The Company capitalizes interest on projects during periods of construction until the projects reach the completion point that corresponds with their intended purpose. The Company allocates the purchase price of acquisitions to the various components of the asset based upon the fair value of each component which may be derived from various observable or unobservable inputs and assumptions. Also, the Company may utilize third party valuation specialists. These components typically include buildings, land and any intangible assets related to out-of-market leases, tenant relationships and in-place leases the Company determines to exist. The Company determines fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including the historical operating results, known trends and specific market and economic conditions that may affect the property. Factors considered by management in the analysis of determining the as-if-vacant property value include an estimate of carrying costs during the expected lease-up periods considering market conditions, and costs to execute similar leases. In estimating carrying costs, management includes real estate taxes, insurance and estimates of lost rentals at market rates during the expected lease-up periods, tenant demand and other economic conditions. Management also estimates costs to execute similar leases including leasing commissions, tenant improvements, legal and other related expenses. Intangibles related to out-of-market leases, tenant relationships and in-place lease value are recorded at fair value as acquired lease intangibles and are amortized as an adjustment to rental revenue or amortization expense, as appropriate, over the remaining terms of the underlying leases. Premiums or discounts on acquired out-of-market debt are amortized to interest expense over the remaining term of such debt. The Company records depreciation on buildings and improvements utilizing the straight-line method over the estimated useful life of the asset, generally 5 to 40 years. The Company reviews depreciable lives of investment properties periodically and makes adjustments to reflect a shorter economic life, when necessary. Tenant allowances, tenant inducements and tenant improvements are amortized utilizing the straight-line method over the term of the related lease or occupancy term of the tenant, if shorter. Amounts allocated to buildings are depreciated over the estimated remaining life of the acquired building or related improvements. The Company amortizes amounts allocated to tenant improvements, in-place lease assets and other lease-related intangibles over the remaining life of the underlying leases. The Company also estimates the value of other acquired intangible assets, if any, and amortizes them over the remaining life of the underlying related intangibles. The Company reviews investment properties for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of investment properties may not be recoverable, but at least annually. These circumstances include, but are not limited to, declines in the property’s cash flows, occupancy and fair market value. The Company measures any impairment of investment property when the estimated undiscounted operating income before depreciation and amortization, plus its residual value, is less than the carrying value of the property. Estimated undiscounted operating income before depreciation and amortization includes various level 3 fair value assumptions including renewal and renegotiations of current leases, estimates of operating costs and fluctuating market conditions. The renewal and renegotiations of leases in some cases must be approved by additional third parties outside the control of the Company and the tenant. If such renewed or renegotiated leases are approved at amounts below correct estimates, then impairment adjustments may be necessary in the future. To the extent impairment has occurred, the Company charges to income the excess of the carrying value of the property over its estimated fair value. The Company estimates fair value using unobservable data such as operating income, estimated capitalization rates, or multiples, leasing prospects and local market information. The Company may decide to sell properties that are held for use and the sale prices of these properties may differ from their carrying values.
Conditional Asset Retirement Obligation	Conditional Asset Retirement Obligation A conditional asset retirement obligation represents a legal obligation to perform an asset retirement activity in which the timing and/or method of settlement depends on a future event that may or may not be with the Company’s control. Currently, the Company does not have any conditional asset retirement obligations. However, any such obligations identified in the future would result in the Company recording a liability if the fair value of the obligation can be reasonably estimated. Environmental studies conducted at the time the Company acquired its properties did not reveal any material environmental liabilities, and the Company is unaware of any subsequent environmental matters that would have created a material liability. The Company believes that its properties are currently in material compliance with applicable environmental, as well as non-environmental, statutory and regulatory requirements.
Cash and Cash Equivalents	Cash and Cash Equivalents and Restricted Cash The Company considers all highly liquid investments purchased with an original maturity of 90 days or less to be cash and cash equivalents. Cash equivalents are carried at cost, which approximates fair value. Cash equivalents consist primarily of bank operating accounts and money markets. Financial instruments that potentially subject the Company to concentrations of credit risk include its cash and cash equivalents and its trade accounts receivable. The Company places its cash and cash equivalents with institutions of high credit quality. Restricted cash represents amounts held by lenders for real estate taxes, insurance, reserves for capital improvements and tenant security deposits. The Company presents changes in cash restricted for real estate taxes, insurance and tenant security deposits as operating activities in the consolidated statement of cash flows. The Company presents changes in cash restricted for capital improvements as investing activities in the consolidated statement of cash flows. The Company places its cash and cash equivalents and restricted cash on deposit with financial institutions in the United States, which are insured by the Federal Deposit Insurance Company ("FDIC") up to $250 thousand . The Company's credit loss in the event of failure of these financial institutions is represented by the difference between the FDIC limit and the total amounts on deposit. Management monitors the financial institutions credit worthiness in conjunction with balances on deposit to minimize risk.
Tenant Receivables and Unbilled Rent	Tenant Receivables and Unbilled Rent Tenant receivables include base rents, tenant reimbursements and receivables attributable to recording rents on a straight-line basis. The Company determines an allowance for the uncollectible portion of accrued rents and accounts receivable based upon customer credit-worthiness (including expected recovery of a claim with respect to any tenants in bankruptcy), historical bad debt levels, and current economic trends. The Company considers a receivable past due once it becomes delinquent per the terms of the lease. The Company’s standard lease form considers a rent charge past due after five days. A past due receivable triggers certain events such as notices, fees and other allowable and required actions per the lease. As of December 31, 2017 and 2016 , the Company’s allowance for uncollectible tenant receivables totaled $705 thousand and $691 thousand , respectively. During the years ended December 31, 2017 , 2016 and 2015 , the Company recorded bad debt expenses in the amount of $457 thousand , $425 thousand and $243 thousand , respectively, related to tenant receivables that were specifically identified as potentially uncollectible based on the an assessment of the tenant’s credit-worthiness.
Above and Below Market Lease Intangibles, net	Above and Below Market Lease Intangibles, net The Company determines the above and below market lease intangibles upon acquiring a property. Above and below market lease intangibles are amortized over the life of the respective leases. Amortization of above and below market lease intangibles is recorded as a component of rental revenues.
Deferred Costs and Other Assets	Deferred Costs and Other Assets, net The Company’s deferred costs and other assets consist primarily of leasing commissions, leases in place, capitalized legal and marketing costs and tenant relationship intangibles associated with acquisitions. The Company’s lease origination costs consist primarily of the portion of property acquisitions allocated to lease originations and commissions paid in connection with lease originations.
Revenue Recognition	Revenue Recognition The Company retains substantially all of the risks and benefits of ownership of the investment properties and accounts for its leases as operating leases. The Company accrues minimum rents on a straight-line basis over the terms of the respective leases which results in an unbilled rent asset or deferred rent liability being recorded on the balance sheet. At December 31, 2017 and 2016 , there were $2.34 million and $1.24 million in unbilled rent which is included in rents and other tenant receivables, net. Additionally, certain of the lease agreements contain provisions that grant additional rents based on tenants’ sales volumes (contingent or percentage rent). Percentage rents are recognized when the tenants achieve the specified targets as defined in their lease agreements. During the years ended December 31, 2017 , 2016 and 2015 , the Company recognized percentage rents of $199 thousand , $289 thousand and $163 thousand , respectively. The Company’s leases generally require the tenant to reimburse the Company for a substantial portion of its expenses incurred in operating, maintaining, repairing, insuring and managing the shopping center and common areas (collectively defined as Common Area Maintenance or “CAM” expenses). The Company includes these reimbursements under the Consolidated Statements of Operations caption "Tenant reimbursements." This significantly reduces the Company’s exposure to increases in costs and operating expenses resulting from inflation or other outside factors. The Company accrues reimbursements from tenants for recoverable portions of all these expenses as revenue in the period the applicable expenditures are incurred. The Company calculates the tenant’s share of operating costs by multiplying the total amount of the operating costs by a fraction, the numerator of which is the total number of square feet being leased by the tenant, and the denominator of which is the average total square footage of all leasable buildings at the property. The Company also receives escrow payments for these reimbursements from substantially all its tenants throughout the year. The Company recognizes differences between estimated recoveries and the final billed amounts in the subsequent year.
Income Taxes	Income Taxes The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code and applicable Treasury regulations relating to REIT qualification. In order to maintain this REIT status, the regulations require the Company to distribute at least 90% of its taxable income to shareholders and meet certain other asset and income tests, as well as other requirements. The TRS' have accrued $15 thousand and $107 thousand at December 31, 2017 and 2016, respectively, for federal and state income tax expenses. If the Company fails to qualify as a REIT, it will be subject to tax at regular corporate rates for the years in which it fails to qualify. If the Company loses its REIT status it could not elect to be taxed as a REIT for five years unless the Company’s failure to qualify was due to reasonable cause and certain other conditions were satisfied. Management has evaluated the effect of the guidance provided by GAAP on Accounting for Uncertainty of Income Taxes and has determined that the Company had no uncertain income tax positions
Taxable REIT Subsidiary Cost Allocation	Taxable REIT Subsidiary Cost Allocation The Company’s overall philosophy regarding cost allocation centers around the premise that the Trust exists to acquire, lease and manage properties for the benefit of its investors. Accordingly, a majority of the Company’s operations occur at the property level. Each property must carry its own weight by absorbing the costs associated with generating its revenues. Additionally, leases generally allow the Company to pass through to the tenant most of the costs involved in operating the property, including, but not limited to, the direct costs associated with owning and maintaining the property (landscaping, repairs and maintenance, taxes, insurance, etc.), property management and certain administrative costs. Service vendors bill the majority of the direct costs of operating the properties directly to the REIT Properties and Non-REIT Properties and each property pays them accordingly. The Non-REIT Properties pay WRE property management and/or asset management fees of 3% and 2% of collected revenues, respectively. The Non-REIT Properties also pay WRE leasing commissions based on the total contractual revenues to be generated under the new/renewed lease agreement ( 6% for new leases and 3% for renewals). Non-REIT properties pay development fees of 5% of hard costs. Costs incurred to manage, lease and administer the Non-REIT Properties are allocated to the TRS. These costs include compensation and benefits, property management, leasing and other corporate, general and administrative expenses associated with generating the TRS' revenues.
Financial Instruments	Financial Instruments The carrying amount of financial instruments included in assets and liabilities approximates fair market value due to their immediate or short-term maturity.
Use of Estimates	Use of Estimates The Company has made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reported period. The Company’s actual results could differ from these estimates.
Advertising Costs	Advertising Costs The Company expenses advertising and promotion costs as incurred.
Assets Held For Sale and Discontinued Operations	Assets Held For Sale and Discontinued Operations The Company records assets as held for sale when management has committed to a plan to sell the assets, actively seeks a buyer for the assets, and the consummation of the sale is considered probable and is expected within one year. Assets held for sale are presented as discontinued operations in all periods presented if the disposition represents a strategic shift that has, or will have, a major effect on the Company's financial position or results of operations. This includes the net gain (or loss) upon disposal of property held for sale, the property's operating results, depreciation and interest expense.
Noncontrolling Interests	Noncontrolling Interests Noncontrolling interests is the portion of equity in the Operating Partnership not attributable to the Trust. The ownership interests not held by the parent are considered noncontrolling interests. Accordingly, noncontrolling interests have been reported in equity on the consolidated balance sheets but separate from the Company’s equity. On the consolidated statements of operations, the subsidiaries are reported at the consolidated amount, including both the amount attributable to the Company and noncontrolling interests. Consolidated statements of changes in equity include beginning balances, activity for the period and ending balances for shareholders’ equity, noncontrolling interests and total equity. The noncontrolling interest of the Operating Partnership common unit holders is calculated by multiplying the noncontrolling interest ownership percentage at the balance sheet date by the Operating Partnership’s net assets (total assets less total liabilities). The noncontrolling interest percentage is calculated at any point in time by dividing the number of units not owned by the Company by the total number of units outstanding. The noncontrolling interest ownership percentage will change as additional units are issued or as units are exchanged for the Company’s $0.01 par value per share common stock ("Common Stock"). In accordance with GAAP, any changes in the value from period to period are charged to additional paid-in capital.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers,” which supersedes the revenue recognition requirements of Accounting Standards Codification (“ASC”) Topic 605, “Revenue Recognition” and most industry-specific guidance on revenue recognition throughout the ASC. The new standard is principles based and provides a five step model to determine when and how revenue is recognized. The core principle of the new standard is that revenue should be recognized when a company transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The new standard also requires disclosure of qualitative and quantitative information surrounding the amount, nature, timing and uncertainty of revenues and cash flows arising from contracts with customers. In March 2016, the FASB issued ASU No. 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net), which clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU 2016-10, "Revenue from contracts with customers (Topic 606): Identifying Performance Obligations and Licensing," which provides further guidance on identifying performance obligations and intellectual property licensing implementation. In June 2016, the FASB issued ASU 2016-12, “Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients”, which relates to assessing collectability, presentation of sales taxes, noncash consideration and completed contracts and contract modifications in transition. In December 2016, the FASB issued 2016-20, "Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers," which clarifies or corrects unintended application of the standard. Companies are permitted to adopt the ASUs as early as fiscal years beginning after December 15, 2016, but the adoption is required for fiscal years beginning after December 15, 2017. In September 2017, the FASB issued ASU 2017-13, "Revenue Recognition (Topic 605)," "Revenue from Contracts with Customers (Topic 606)," "Leases (Topic 840)," and "Leases (Topic 842)." These amendments provide additional clarification and implementation guidance on the previously issued ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)." These new standards will be effective for the Company in the first quarter of the year ending December 31, 2018 and can be applied either retrospectively to all periods presented or as a cumulative-effect adjustment as of the date of adoption. The Company is currently evaluating the impact of this standard. The majority of the Company’s revenue is based on real estate lease contracts which are not within the scope of this ASU. The Company has identified its non-lease revenue streams and initial analysis indicates the adoption of this standard will not have a material impact on our financial position or results of operations. The Company will increase disclosures around revenue recognition in the notes to consolidated financial statements to comply with the standard upon adoption. The Company will adopt the standard January 1, 2018 as a cumulative-effect adjustment. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)." ASU 2016-02 is intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real estate, airplanes, and manufacturing equipment. The ASU will require organizations that lease assets referred to as “Lessees” to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. An organization is to provide disclosures designed to enable users of financial statements to understand the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative requirements concerning additional information about the amounts recorded in the financial statements. Under the new guidance, a lessee will be required to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with current GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike current GAAP which requires only capital leases to be recognized on the balance sheet the new ASU will require both types of leases (i.e. operating and capital) to be recognized on the balance sheet. The FASB lessee accounting model will continue to account for both types of leases. The capital lease will be accounted for in substantially the same manner as capital leases are accounted for under existing GAAP. The operating lease will be accounted for in a manner similar to operating leases under existing GAAP, except that lessees will recognize a lease liability and a lease asset for all of those leases. In September 2017, the FASB issued ASU 2017-13, "Revenue Recognition (Topic 605)," "Revenue from Contracts with Customers (Topic 606)," "Leases (Topic 840)," and "Leases (Topic 842)," which provides additional implementation guidance on the previously issued ASU 2016-02. "Leases (Topic 842)." The leasing standard will be effective for calendar year-end public companies beginning after December 15, 2018. Public companies will be required to adopt the new leasing standard for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption will be permitted for all companies and organizations upon issuance of the standard. For calendar year-end public companies, this means an adoption date of January 1, 2019 and retrospective application to previously issued annual and interim financial statements for 2018 and 2017. Lessees with a large portfolio of leases are likely to see a significant increase in balance sheet assets and liabilities. While we are currently assessing the impact of the standard on our financial position and results of operations we expect the primary impact to be on those ground leases which we are the lessor. The new standard will result in the recording of right of use assets and lease obligations. See Note 10 for the Company’s current lease commitments. The Company is currently evaluating the impact of ASU 2016-02 on its financial statements. In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” This ASU simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. This ASU is effective for annual periods beginning after December 15, 2016 and early adoption is permitted. The new standard can be applied using either a prospective transition method or a retrospective transition method. The Company adopted this ASU as of January 1, 2017 and applied prospectively. The adoption did not have a material impact on the financial position or results of operations. In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of certain cash receipts and cash payments (a consensus of the Emerging Issues Task Force).” The ASU addresses eight specific cash flow issues in an effort to reduce diversity in practice. This ASU is effective for annual and interim reporting periods beginning after December 15, 2017 and early adoption is permitted. The new standard is to be applied retrospectively for all period presented. The Company adopted this ASU as of January 1, 2017 and applied prospectively. The adoption did not have a material impact on the consolidated statements of cash flows. In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force).” The ASU provides guidance on the presentation of restricted cash or restricted cash equivalents in the statement of cash flows in an effort to reduce diversity in practice. The standard requires a reconciliation of total cash, cash equivalents and restricted cash in the cash flow statement or in the notes to the financial statements. This ASU is effective for annual and interim reporting periods beginning after December 15, 2017 and early adoption is permitted. The new standard is to be applied retrospectively for all period presented. The Company will adopt this ASU in 2018 and does not expect the adoption to materially impact its consolidated statements of cash flows. In January 2017, the FASB issued ASU 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business.” The ASU clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. This ASU is effective for annual and interim reporting periods beginning after December 15, 2017 and early adoption is permitted. The new standard is to be applied prospectively. The adoption of this standard will most likely result in less real estate acquisitions qualifying as businesses and, accordingly, acquisition costs for those acquisitions that are not businesses will be capitalized rather than expensed. The Company will adopt this ASU in 2018. In February 2015, the FASB issued ASU 2015-02 related to ASC Topic 810, “Consolidation (Topic 810): Amendments to the Consolidation Analysis.” This new guidance changes the identification of variable interests, the variable interest entity (“VIE”) characteristics for a limited partnership or similar entity, and primary beneficiary determination. The guidance also eliminates the presumption that a general partner controls a limited partnership. The ASU is effective for annual periods beginning after December 15, 2015. The Company has adopted this ASU with no material impact on the Company’s consolidated financial statements expected. In October 2016, the FASB issued ASU 2016-17, “Consolidation (Topic 810) Interests Held through Related Parties That are under Common Control,” which amends the consolidation guidance on how a reporting entity that is the single decision maker of a VIE should treat indirect interests in the entity held through related parties that are under common control with the reporting entity when determining whether it is the primary beneficiary of that VIE. The primary beneficiary of a VIE is the reporting entity that has a controlling financial interest in a VIE and, therefore, consolidates the VIE. A reporting entity has an indirect interest in a VIE if it has a direct interest in a related party that, in turn, has a direct interest in the VIE. The ASU is effective for annual periods beginning after December 15, 2016. The Company adopted this ASU as of January 1, 2017. The adoption did not have a material impact on the financial position or results of operations. In January 2017, the FASB issued ASU 2017-04, “Intangibles - Goodwill and Other (Topic 350): Simplifying the test for Goodwill Impairment.” The amendments in ASU 2017-04 eliminate the current two-step approach used to test goodwill for impairment and require an entity to apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. This ASU is effective for annual and interim reporting periods beginning after December 15, 2019 and early adoption is permitted on testing dates after January 1, 2017. The new standard is to be applied prospectively. The Company will adopt this ASU in 2020 and does not expect the adoption to materially impact its financial position or results of operations. In February 2017, the FASB issued ASU 2017-05, “Other Income-Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets.” This amendment provides guidance for partial sales of nonfinancial assets. This ASU is effective for annual periods beginning after December 15, 2017. Early adoption is permitted. The standard is to be applied retrospectively or modified retrospectively. The Company will adopt this ASU in 2018. The Company is evaluating the impact that ASU 2017-05 will have on its financial position and results of operations. In May 2017, the FASB issued ASU 2017-09, “Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting.” This updates clarifies when modification accounting guidance in Topic 718 should be applied to a change in terms or conditions of a share-based payment award. This ASU is effective for annual and interim periods beginning after December 15, 2017 with early adoption permitted. The new standard is to be applied prospectively to an award modified on or after the adoption date. The Company will adopt this ASU in 2018 and does not expect the update to have a material impact on its financial position or results of operations. Other accounting standards that have been issued or proposed by the FASB or other standard-setting bodies are not currently applicable to the Company or are not expected to have a significant impact on the Company’s financial position, results of operations and cash flows.
Reclassifications	Reclassifications All per share amounts, common units, shares outstanding and stock based compensation amounts for all periods presented reflect our one-for-eight reverse stock split (the “Reverse Stock Split”), which was effective March 31, 2017. U.S. dollar amounts are presented in thousands (“000’s”) except per share amounts or as otherwise noted.

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Details of Deferred Costs, Net of Amortization and Other Assets	Details of these deferred costs, net of amortization and other assets are as follows (in thousands): December 31, 2017 2016 Leases in place, net $ 25,118 $ 35,654 Tenant relationships, net 6,804 10,944 Lease origination costs, net 1,077 1,096 Other 810 518 Deposits on acquisitions 547 1,086 Legal and marketing costs, net 76 99 Total Deferred Costs and Other Assets, net $ 34,432 $ 49,397
Future Amortization of Lease Origination Costs, Financing Costs and in Place Leases	Future amortization of lease origination costs, leases in place, legal and marketing costs and tenant relationships is as follows (in thousands): For the Years Ended December 31, Leases In Place, net Tenant Relationships, net Lease Origination Costs, net Legal & Marketing Costs, net Total 2018 $ 7,122 $ 2,613 $ 253 $ 17 $ 10,005 2019 5,176 1,646 187 14 7,023 2020 3,698 940 143 11 4,792 2021 2,380 523 126 9 3,038 2022 1,931 406 85 6 2,428 Thereafter 4,811 676 283 19 5,789 $ 25,118 $ 6,804 $ 1,077 $ 76 $ 33,075
Corporate General And Administrative Expense	A detail for the "Corporate general & administrative" line item from the consolidated statements of operations is presented below (in thousands): December 31, 2017 2016 2015 Compensation and benefits $ 2,433 $ 3,727 $ 3,376 Professional fees 1,606 1,683 1,597 Acquisition costs 1,101 2,018 3,871 Corporate administration 962 1,111 1,187 Capital related costs 663 514 2,655 Travel 272 481 446 Advertising 237 228 218 Taxes and Licenses 90 162 66 Total $ 7,364 $ 9,924 $ 13,416

Investment Properties (Tables)

Investment Properties (Tables)	12 Months Ended
	Dec. 31, 2017
Real Estate [Abstract]
Investment Properties	Investment properties consist of the following (in thousands): December 31, 2017 2016 Land and land improvements $ 91,108 $ 90,531 Land held for development 11,228 11,420 Buildings and improvements 313,043 307,411 Investment properties at cost 415,379 409,362 Less accumulated depreciation (31,045 ) (20,482 ) Investment properties, net $ 384,334 $ 388,880
Schedule of Properties Acquired on A-C Portfolio	The A-C Portfolio consists of the following properties: Property Name Location Square Feet Darien Shopping Center Darien, GA 26,001 Devine Street Columbia, SC 38,464 Folly Road Charleston, SC 47,794 Georgetown Georgetown, SC 29,572 Ladson Crossing Ladson, SC 52,607 Lake Greenwood Crossing Greenwood, SC 47,546 Lake Murray Lexington, SC 39,218 Litchfield Market Village Pawleys Island, SC 86,740 Moncks Corner Moncks Corner, SC 26,800 Ridgeland Ridgeland, SC 20,029 Shoppes at Myrtle Park Bluffton, SC 56,380 South Lake Lexington, SC 44,318 South Park Mullins, SC 60,874 St. Matthews St. Matthews, SC 29,015
Summary of Consideration Paid and Preliminary Estimated Fair Values of Assets Acquired and Liabilities Assumed	The following summarizes the consideration paid and the fair values of assets acquired and liabilities assumed in conjunction with the acquisitions described above, along with a description of the methods used to determine fair value. In determining fair values, the Company considered many factors including, but not limited to, cash flows, market cap rates, location, occupancy rates, appraisals, other acquisitions and management’s knowledge of the current acquisition market for similar properties. 2016 Total Acquisitions Fair value of assets acquired and liabilities assumed: (in thousands) Investment property (a) $ 157,025 Lease intangibles and other assets (b) 27,791 Above market leases (b) 8,771 Below market leases (b) (7,257 ) Fair value of net assets acquired $ 186,330 Purchase consideration: Consideration paid with cash and debt $ 183,557 Consideration paid with common units 2,773 Total consideration (c) $ 186,330 a. Represents the fair value of the investment property acquired which includes land, buildings, site improvements and tenant improvements. The fair value was determined using the following approaches: i. the market approach valuation methodology for land by considering similar transactions in the markets; ii. a combination of the cost approach and income approach valuation methodologies for buildings, including replacement cost evaluations, "go dark" analysis and residual calculations incorporating the land values; and iii. the cost approach valuation methodology for site and tenant improvements, including replacement costs and prevailing quoted market rates. b. Represents the fair value of lease intangibles and other assets. Lease intangibles include leasing commissions, leases in place, above/below market leases and legal and marketing fees associated with replacing existing leases. The income approach was used to determine the fair value of these intangible assets which included estimated market rates and expenses. It was determined that carrying value approximated fair value for other asset amounts. c. Represents the components of purchase consideration paid. The following summarizes the consideration paid and the fair values of assets acquired and liabilities assumed in conjunction with the acquisitions described above, along with a description of the methods used to determine fair value. In determining fair values, the Company considered many factors including, but not limited to, cash flows, market cap rates, location, occupancy rates, appraisals, other acquisitions and management’s knowledge of the current acquisition market for similar properties. JANAF (in thousands, unaudited) Fair value of assets acquired and liabilities assumed: Investment property (a) $ 77,383 Lease intangibles and other assets (b) 11,040 Above market leases (c) 2,079 Below market leases (c) (4,852 ) Debt assumption (d) (58,867 ) Net fair value of assets acquired and liabilities assumed: $ 26,783 Purchase consideration: Consideration paid with cash and debt $ 25,653 Consideration paid with assumption of debt 58,867 Consideration paid with common stock 1,130 Total consideration (e) $ 85,650 a. Represents the fair value of the net investment properties acquired which includes land, buildings, site improvements and tenant improvements. The fair value was determined using following approaches: i. the market approach valuation methodology for land by considering similar transactions in the markets; ii. a combination of the cost approach and income approach valuation methodologies for buildings, including replacement cost evaluations, “go dark” analyses and residual calculations incorporating the land values; and iii. the cost approach valuation methodology for site and tenant improvements, including replacement costs and prevailing quoted market rates. b. Represents the fair value of lease intangibles and other assets. Lease intangibles includes in place leases and ground lease sandwich interests associated with replacing existing leases. The income approach was used to determine the fair value of these intangible assets which included estimated market rates and expenses. It was determined that carrying value approximated fair value for other asset amounts. c. Represents the fair value of above/below market leases. The income approach was used to determine the fair value of above/below market leases using market rental rates for similar properties. d. Assumption of $53.71 million of debt at a rate of 4.49% , maturing July 2023 with monthly principal and interest payments of $333,159 and assumption of $5.16 million of debt at a rate of 4.95% , maturing January 2026 with monthly principal and interest payments of $29,964 . e. Represents the components of purchase consideration paid.
Pro Forma Condensed Consolidated and Combined Financial Information	Unaudited pro forma consolidated financial information is presented below for all 2016 acquisitions. The unaudited pro forma information presented below illustrates the Company’s pro forma financial results assuming the acquisitions had been consummated as of the beginning of the earliest period presented. The pro forma results include adjustments for depreciation and amortization associated with acquired tangible and intangible assets, straight-line rent adjustments and interest expense related to debt incurred. Years Ended December 31, 2017 2016 (in thousands) Rental revenues $ 44,782 $ 43,883 Net loss from continuing operations $ (11,267 ) $ (14,164 ) Net loss attributable to Wheeler REIT $ (9,226 ) $ (12,101 ) Net loss attributable to Wheeler REIT common shareholders $ (19,196 ) $ (16,814 ) Basic loss per share $ (2.22 ) $ (2.00 ) Diluted loss per share $ (2.22 ) $ (2.00 ) Unaudited pro forma financial information in the aggregate is presented below for the acquisition of JANAF. The unaudited pro forma information presented below includes the effects of the JANAF acquisition and those acquisitions noted in Note 3, as if they had been consummated as of the beginning of the prior fiscal year. The pro forma results include adjustments for depreciation and amortization associated with acquired tangible and intangible assets, straight-line rent adjustments, interest expense related to debt incurred and assumed. The unaudited pro forma financial information is presented for informational purposes only and may not be indicative of the results of operations that would have been achieved if these acquisition had taken place in January 1, 2017 or 2016. Years Ended December 31, 2017 2016 (in thousands, unaudited) Rental revenues $ 53,227 $ 52,130 Net loss from continuing operations $ (11,424 ) $ (15,261 ) Net loss attributable to Wheeler REIT $ (9,374 ) $ (13,097 ) Net loss attributable to Wheeler REIT common shareholders $ (22,327 ) $ (20,793 ) Basic loss per share $ (2.54 ) $ (2.43 ) Diluted loss per share $ (2.54 ) $ (2.43 )

Assets Held for Sale and Disc25

Assets Held for Sale and Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]
Balance Sheet and Income Statement of Discontinued Operations	As of December 31, 2017 and 2016 , assets held for sale consisted of the following (in thousands): December 31, 2017 2016 Investment properties, net $ — $ 217 Above market lease intangible, net — 3 Deferred costs and other assets, net — 146 Total assets held for sale $ — $ 366 As of December 31, 2017 and 2016 , liabilities associated with assets held for sale consisted of the following (in thousands): December 31, 2017 2016 Loans payable $ — $ 1,350 Total liabilities associated with assets held for sale $ — $ 1,350 The following is a summary of the income from discontinued operations for the years ended December 31, 2017 , 2016 and 2015 (in thousands): Years Ended December 31, 2017 2016 2015 Revenues $ 26 $ 284 $ 2,043 Expenses 1 79 828 Operating income 25 205 1,215 Interest expense 9 69 715 Income from discontinued operations before gain on disposals 16 136 500 Gain on disposal of properties 1,502 688 2,104 Income from discontinued operations $ 1,518 $ 824 $ 2,604

Loans Payable (Tables)

Loans Payable (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Summary of Loans Payable	The Company’s loans payable consist of the following (in thousands except monthly payment): December 31, Property/Description Monthly Payment Interest Rate Maturity 2017 2016 Bank Line of Credit (1) Interest only Libor + 300 basis points December 2017 $ 3,000 $ 3,000 Columbia Fire Station Interest only 8.00 % December 2017 — 487 Shoppes at Eagle Harbor $ 25,100 4.34 % March 2018 3,341 3,492 Revere Loan Interest only 8.00 % April 2018 6,808 7,450 Lumber River Interest only Libor + 295 basis points June 2018 1,500 1,500 KeyBank Line of Credit Interest only Libor + 250 basis points July 2018 15,532 74,077 Senior convertible notes Interest only 9.00 % December 2018 1,369 1,400 Harbor Point $ 11,024 5.85 % December 2018 553 649 Perimeter Square Interest only 5.50 % December 2018 5,382 4,500 Riversedge North $ 8,802 6.00 % January 2019 863 914 Monarch Bank Building $ 7,340 4.85 % June 2019 1,266 1,320 DF I-Moyock $ 10,665 5.00 % July 2019 194 309 Rivergate Interest only Libor + 295 basis points December 2019 22,689 24,213 KeyBank Line of Credit Interest only Libor + 250 basis points December 2019 52,500 — LaGrange Marketplace $ 15,065 Libor + 375 basis points March 2020 2,317 2,369 Folly Road Interest only 4.00 % March 2020 6,181 — Columbia Fire Station construction loan Interest only 4.00 % May 2020 3,421 — Shoppes at TJ Maxx $ 33,880 3.88 % May 2020 5,727 5,908 Walnut Hill Plaza Interest only 5.50 % September 2022 3,903 3,440 Twin City Commons $ 17,827 4.86 % January 2023 3,111 3,170 Tampa Festival $ 50,797 5.56 % September 2023 8,368 8,502 Forrest Gallery $ 50,973 5.40 % September 2023 8,669 8,802 South Carolina Food Lions Note $ 68,320 5.25 % January 2024 12,050 12,224 Cypress Shopping Center $ 34,360 4.70 % July 2024 6,485 6,585 Port Crossing $ 34,788 4.84 % August 2024 6,263 6,370 Freeway Junction $ 41,798 4.60 % September 2024 7,994 8,119 Harrodsburg Marketplace $ 19,112 4.55 % September 2024 3,553 3,617 Graystone Crossing $ 20,386 4.55 % October 2024 3,928 3,990 Bryan Station $ 23,489 4.52 % November 2024 4,547 4,619 Crockett Square Interest only 4.47 % December 2024 6,338 6,338 Pierpont Centre Interest only 4.15 % February 2025 8,113 8,450 Alex City Marketplace Interest only 3.95 % April 2025 5,750 5,750 Butler Square Interest only 3.90 % May 2025 5,640 5,640 Brook Run Shopping Center Interest only 4.08 % June 2025 10,950 10,950 Beaver Ruin Village I and II Interest only 4.73 % July 2025 9,400 9,400 Sunshine Shopping Plaza Interest only 4.57 % August 2025 5,900 5,900 Barnett Portfolio Interest only 4.30 % September 2025 8,770 8,770 Fort Howard Shopping Center Interest only 4.57 % October 2025 7,100 7,100 Conyers Crossing Interest only 4.67 % October 2025 5,960 5,960 Grove Park Shopping Center Interest only 4.52 % October 2025 3,800 3,800 Parkway Plaza Interest only 4.57 % October 2025 3,500 3,500 Winslow Plaza Interest only 4.82 % December 2025 4,620 4,620 Chesapeake Square $ 23,857 4.70 % August 2026 4,507 4,578 Berkley/Sangaree/Tri-County Interest only 4.78 % December 2026 9,400 9,400 Riverbridge Interest only 4.48 % December 2026 4,000 4,000 Franklin Interest only 4.93 % January 2027 8,516 8,516 Total Principal Balance 313,778 313,698 Unamortized debt issuance cost (5,656 ) (7,725 ) Total Loans Payable $ 308,122 $ 305,973 (1) On January 10, 2018, the Company extended the $3.00 million bank line of credit to June 15, 2018 with interest only payments due monthly at a rate of Libor + 3.00% with a floor of 4.25% .
Summary of Company's Scheduled Principal Repayments on Indebtedness	The Company’s scheduled principal repayments on indebtedness as of December 31, 2017 are as follows (in thousands): For the Years Ended December 31, 2018 $ 39,807 2019 78,576 2020 18,531 2021 1,907 2022 5,534 Thereafter 169,423 Total principal repayments and debt maturities $ 313,778

Rentals under Operating Leases

Rentals under Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2017
Leases [Abstract]
Future Minimum Rentals to be Received under Noncancelable Tenant Operating Leases	Future minimum rents to be received under noncancelable tenant operating leases for each of the next five years and thereafter, excluding CAM and percentage rent based on tenant sales volume, as of December 31, 2017 are as follows (in thousands): For the Years Ended December 31, 2018 $ 41,786 2019 36,626 2020 29,626 2021 22,759 2022 17,828 Thereafter 47,312 Total minimum rents $ 195,937

Equity and Mezzanine Equity (T

Equity and Mezzanine Equity (Tables)	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share	As of December 31, 2017 , 2016 and 2015 , the below shares are able to be converted to Common Stock. The common units, convertible preferred stock, cumulative convertible preferred stock, and warrants have been excluded from the Company’s diluted earnings per share calculation because their inclusion would be antidilutive. In addition to the below, 750,000 shares of the Company's Common Stock may be issued upon exercise of a warrant, solely in the event of a default under a loan agreement in which we serve as a guarantor. December 31, 2017 December 31, 2016 December 31, 2015 Outstanding shares Potential Dilutive Shares Outstanding shares Potential Dilutive Shares Outstanding shares Potential Dilutive Shares Common units 635,018 635,018 761,954 506,911 506,911 419,360 Series B Preferred Stock 1,875,848 1,172,405 1,871,244 1,169,528 729,119 455,699 Series D Preferred Stock 2,237,000 3,297,465 2,237,000 3,297,465 — — Warrants to purchase Common Stock 329,378 329,378 329,453 Senior Convertible Notes 2,509 2,509 177,135 177,135
Dividends Declared	Dividends were made to holders of common units, common shares and preferred shares as follows (in thousands): Years Ended December 31, 2017 2016 2015 Common unit and common shareholders $ 13,477 $ 15,328 $ 9,786 Preferred shareholders 9,969 4,713 13,628 Total $ 23,446 $ 20,041 $ 23,414

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of payments for ground leases	he following properties are subject to ground leases which requires the Company to make a fixed annual rental payment and includes escalation clauses and renewal options as follows (in thousands): For the Years Ended December 31, Expiration Year 2017 2016 2015 Amscot $ 18 $ 18 $ 18 2045 Beaver Ruin Village 46 46 23 2054 Beaver Ruin Village II 19 18 9 2056 Leased office space Charleston, SC 100 92 118 2019 Moncks Corner 121 87 — 2040 Devine Street 251 180 — 2035 Total Ground Leases $ 555 $ 441 $ 168
Future Minimum Lease Payments Due under Ground Lease	Future minimum lease payments due under the operating leases, including applicable automatic extension options, are as follows (unaudited, in thousands): For the Years Ended December 31, 2018 $ 530 2019 499 2020 433 2021 485 2022 488 Thereafter 9,666 Total minimum lease payments $ 12,101

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Summary of Related Party Activity	The following summarizes related party activity as of and for the years ended December 31, 2017 , 2016 and 2015 . The amounts disclosed below reflect the activity between the Company and Mr. Wheeler's affiliates (in thousands). December 31, 2017 2016 2015 Amounts paid to affiliates $ 48 $ 125 $ 986 Amounts received from affiliates $ 2,517 $ 1,347 $ 777 Amounts due from affiliates $ — $ 1,456 $ 481 Notes receivable $ 6,739 $ 12,000 $ —
Schedule of Allowance for Related Party Transactions	The Company has reserved $2.36 million in amounts due from affiliates at December 31, 2017, as follows: Sea Turtle Development Accrued interest on note receivable - due at maturity $ 895 Accrued interest on note receivable - currently due 443 Leasing Commissions 190 Development fees 182 Other 18 Other non-REIT Properties 636 $ 2,364

Selected Quarterly Financial 31

Selected Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Summary of Selected Quarterly Financial Data (Unaudited)	The following tables summarize certain selected quarterly financial data for 2017 and 2016 (in thousands, except per share data): 2017 Quarters First Second Third Fourth Total Revenues $ 14,322 $ 14,719 $ 15,198 14,296 Operating Income (Loss) 1,173 2,542 1,779 (4,952 ) Net loss from continuing operations (2,689 ) (715 ) (2,173 ) (8,719 ) Net income (loss) from discontinued operations 1,529 (11 ) — — Net loss attributable to Wheeler REIT common shareholders (3,602 ) (3,207 ) (4,558 ) (10,696 ) Loss per share from continuing operations (basic and diluted) (0.59 ) (0.37 ) (0.52 ) (1.22 ) Income per share from discontinued operations 0.17 — — — 2016 Quarters First Second Third Fourth Total Revenues $ 9,138 $ 11,084 $ 11,911 $ 12,027 Operating Income (Loss) (1,164 ) (13 ) 1,666 (780 ) Net loss from continuing operations (3,583 ) (3,754 ) (1,674 ) (4,051 ) Net income from discontinued operations 21 743 40 20 Net loss attributable to Wheeler REIT common shareholders (3,740 ) (3,210 ) (2,752 ) (6,214 ) Loss per share from continuing operations (basic and diluted) (1) (0.45 ) (0.46 ) (0.32 ) (0.73 ) Income per share from discontinued operations (1) — 0.08 — — (1) Adjusted the previously reported amounts for all four quarters in 2016 for Reverse Stock Split to be consistent with 2017 presentations.

Subsequent Events (Tables)

Subsequent Events (Tables)	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Summary of Consideration Paid and Preliminary Estimated Fair Values of Assets Acquired and Liabilities Assumed	The following summarizes the consideration paid and the fair values of assets acquired and liabilities assumed in conjunction with the acquisitions described above, along with a description of the methods used to determine fair value. In determining fair values, the Company considered many factors including, but not limited to, cash flows, market cap rates, location, occupancy rates, appraisals, other acquisitions and management’s knowledge of the current acquisition market for similar properties. 2016 Total Acquisitions Fair value of assets acquired and liabilities assumed: (in thousands) Investment property (a) $ 157,025 Lease intangibles and other assets (b) 27,791 Above market leases (b) 8,771 Below market leases (b) (7,257 ) Fair value of net assets acquired $ 186,330 Purchase consideration: Consideration paid with cash and debt $ 183,557 Consideration paid with common units 2,773 Total consideration (c) $ 186,330 a. Represents the fair value of the investment property acquired which includes land, buildings, site improvements and tenant improvements. The fair value was determined using the following approaches: i. the market approach valuation methodology for land by considering similar transactions in the markets; ii. a combination of the cost approach and income approach valuation methodologies for buildings, including replacement cost evaluations, "go dark" analysis and residual calculations incorporating the land values; and iii. the cost approach valuation methodology for site and tenant improvements, including replacement costs and prevailing quoted market rates. b. Represents the fair value of lease intangibles and other assets. Lease intangibles include leasing commissions, leases in place, above/below market leases and legal and marketing fees associated with replacing existing leases. The income approach was used to determine the fair value of these intangible assets which included estimated market rates and expenses. It was determined that carrying value approximated fair value for other asset amounts. c. Represents the components of purchase consideration paid. The following summarizes the consideration paid and the fair values of assets acquired and liabilities assumed in conjunction with the acquisitions described above, along with a description of the methods used to determine fair value. In determining fair values, the Company considered many factors including, but not limited to, cash flows, market cap rates, location, occupancy rates, appraisals, other acquisitions and management’s knowledge of the current acquisition market for similar properties. JANAF (in thousands, unaudited) Fair value of assets acquired and liabilities assumed: Investment property (a) $ 77,383 Lease intangibles and other assets (b) 11,040 Above market leases (c) 2,079 Below market leases (c) (4,852 ) Debt assumption (d) (58,867 ) Net fair value of assets acquired and liabilities assumed: $ 26,783 Purchase consideration: Consideration paid with cash and debt $ 25,653 Consideration paid with assumption of debt 58,867 Consideration paid with common stock 1,130 Total consideration (e) $ 85,650 a. Represents the fair value of the net investment properties acquired which includes land, buildings, site improvements and tenant improvements. The fair value was determined using following approaches: i. the market approach valuation methodology for land by considering similar transactions in the markets; ii. a combination of the cost approach and income approach valuation methodologies for buildings, including replacement cost evaluations, “go dark” analyses and residual calculations incorporating the land values; and iii. the cost approach valuation methodology for site and tenant improvements, including replacement costs and prevailing quoted market rates. b. Represents the fair value of lease intangibles and other assets. Lease intangibles includes in place leases and ground lease sandwich interests associated with replacing existing leases. The income approach was used to determine the fair value of these intangible assets which included estimated market rates and expenses. It was determined that carrying value approximated fair value for other asset amounts. c. Represents the fair value of above/below market leases. The income approach was used to determine the fair value of above/below market leases using market rental rates for similar properties. d. Assumption of $53.71 million of debt at a rate of 4.49% , maturing July 2023 with monthly principal and interest payments of $333,159 and assumption of $5.16 million of debt at a rate of 4.95% , maturing January 2026 with monthly principal and interest payments of $29,964 . e. Represents the components of purchase consideration paid.
Pro Forma Condensed Consolidated and Combined Financial Information	Unaudited pro forma consolidated financial information is presented below for all 2016 acquisitions. The unaudited pro forma information presented below illustrates the Company’s pro forma financial results assuming the acquisitions had been consummated as of the beginning of the earliest period presented. The pro forma results include adjustments for depreciation and amortization associated with acquired tangible and intangible assets, straight-line rent adjustments and interest expense related to debt incurred. Years Ended December 31, 2017 2016 (in thousands) Rental revenues $ 44,782 $ 43,883 Net loss from continuing operations $ (11,267 ) $ (14,164 ) Net loss attributable to Wheeler REIT $ (9,226 ) $ (12,101 ) Net loss attributable to Wheeler REIT common shareholders $ (19,196 ) $ (16,814 ) Basic loss per share $ (2.22 ) $ (2.00 ) Diluted loss per share $ (2.22 ) $ (2.00 ) Unaudited pro forma financial information in the aggregate is presented below for the acquisition of JANAF. The unaudited pro forma information presented below includes the effects of the JANAF acquisition and those acquisitions noted in Note 3, as if they had been consummated as of the beginning of the prior fiscal year. The pro forma results include adjustments for depreciation and amortization associated with acquired tangible and intangible assets, straight-line rent adjustments, interest expense related to debt incurred and assumed. The unaudited pro forma financial information is presented for informational purposes only and may not be indicative of the results of operations that would have been achieved if these acquisition had taken place in January 1, 2017 or 2016. Years Ended December 31, 2017 2016 (in thousands, unaudited) Rental revenues $ 53,227 $ 52,130 Net loss from continuing operations $ (11,424 ) $ (15,261 ) Net loss attributable to Wheeler REIT $ (9,374 ) $ (13,097 ) Net loss attributable to Wheeler REIT common shareholders $ (22,327 ) $ (20,793 ) Basic loss per share $ (2.54 ) $ (2.43 ) Diluted loss per share $ (2.54 ) $ (2.43 )

Organization and Basis of Pre33

Organization and Basis of Presentation and Consolidation - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2017ft²PropertyBuildingsBuilding
Real Estate Properties [Line Items]
Number of properties | Buildings	64
Number of office buildings in portfolio | Building	1
Number of undeveloped real estate properties	7
Number of redeveloped real estate properties	1
Total net rentable space in Company's portfolio | ft²	4,902,000
Occupancy level	91.93%
VIRGINIA
Real Estate Properties [Line Items]
Number of properties	15
FLORIDA
Real Estate Properties [Line Items]
Number of properties	3
NORTH CAROLINA
Real Estate Properties [Line Items]
Number of properties	7
SOUTH CAROLINA
Real Estate Properties [Line Items]
Number of properties	25
GEORGIA
Real Estate Properties [Line Items]
Number of properties	12
KENTUCKY
Real Estate Properties [Line Items]
Number of properties	2
TENNESSEE
Real Estate Properties [Line Items]
Number of properties	2
NEW JERSEY
Real Estate Properties [Line Items]
Number of properties	1
ALABAMA
Real Estate Properties [Line Items]
Number of properties	1
WEST VIRGINIA
Real Estate Properties [Line Items]
Number of properties	1
OKLAHOMA
Real Estate Properties [Line Items]
Number of properties	3
PENNSYLVANIA
Real Estate Properties [Line Items]
Number of properties	1

Summary of Significant Accoun34

Summary of Significant Accounting Policies - Additional Information (Detail)	Mar. 31, 2017	Dec. 31, 2017USD ($)$ / shares	Dec. 31, 2016USD ($)$ / shares	Dec. 31, 2015USD ($)
Schedule Of Significant Accounting Policies [Line Items]
Asset Impairment Charges		$ 0	$ 0	$ 0
Asset Retirement Obligation		$ 0	0	0
Investment maturity period		90 days
Insurance coverage provided to a depositor's other deposit accounts held at an FDIC-insured institution		$ 250,000
Past due rent charge term		5 days
Allowance for uncollectible accounts		$ 705,000	691,000
Bad debt expenses		2,821,000	425,000	243,000
Tenant recoveries realized from previous charge-offs		560,000	26,000	0
Finite-Lived Intangible Assets, Accumulated Amortization		41,830,000	28,550,000
Amortization of Intangible Assets		15,640,000	12,750,000	11,510,000
Percentage of Sales Rent Income		$ 199,000	289,000	163,000
Minimum percentage of taxable income to be distributed to stockholders		90.00%
Provision for federal and state income taxes		$ 15,000	107,000
Term of disqualification to be taxed as a REIT due to loss of REIT status		5 years
Property management fee percentage		3.00%
Asset management fee percentage		2.00%
Development fee percentage		5.00%
Advertising and promotion cost		$ 237,000	$ 228,000	218,000
Common stock, Par value (in usd per share) | $ / shares		$ 0.01	$ 0.01
Reverse Stock Split Conversion Ratio	0.125
Provision for Loan and Lease Losses		$ 2,821,000	$ 425,000	$ 243,000
Rent and Other Tenant Receivables, Net [Member]
Schedule Of Significant Accounting Policies [Line Items]
Unbilled rent asset, net		$ 2,340,000	$ 1,240,000
Minimum [Member] | Buildings and improvements
Schedule Of Significant Accounting Policies [Line Items]
Estimated useful life of buildings and improvements		5 years
Maximum [Member] | Buildings and improvements
Schedule Of Significant Accounting Policies [Line Items]
Estimated useful life of buildings and improvements		40 years
Renewed Lease [Member]
Schedule Of Significant Accounting Policies [Line Items]
Commission fee percentage		3.00%
New Lease [Member]
Schedule Of Significant Accounting Policies [Line Items]
Commission fee percentage		6.00%
Shoppes at Myrtle Park Bi-Lo [Member]
Schedule Of Significant Accounting Policies [Line Items]
Amortization of Deferred Charges		$ 1,740,000
Allowance for Tenant Receivables [Member]
Schedule Of Significant Accounting Policies [Line Items]
Bad debt expenses		$ 457,000

Summary of Significant Accoun35

Summary of Significant Accounting Policies - Details of Deferred Costs, Net of Amortization and Other Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred Costs And Other Assets [Line Items]
Deposits on acquisitions	$ 6,804	$ 10,944
Leases in place, net	1,077	1,096
Legal and marketing costs, net	810	518
Lease origination costs, net	547	1,086
Total Deferred Costs and Other Assets, net	34,432	49,397
Leases In Place, net
Deferred Costs And Other Assets [Line Items]
Total Deferred Costs and Other Assets, net	25,118	35,654
Legal & Marketing Costs [Member]
Deferred Costs And Other Assets [Line Items]
Total Deferred Costs and Other Assets, net	$ 76	$ 99

Summary of Significant Accoun36

Summary of Significant Accounting Policies - Future Amortization of Lease Origination Costs, Financing Costs and in Place Leases (Detail) $ in Thousands	Dec. 31, 2017USD ($)
Future Amortization Of Deferred Costs And Other Assets [Line Items]
2,018	$ 10,005
2,019	7,023
2,020	4,792
2,021	3,038
2,022	2,428
Thereafter	5,789
Finite-Lived Intangible Assets, Net	33,075
Leases In Place, net
Future Amortization Of Deferred Costs And Other Assets [Line Items]
2,018	7,122
2,019	5,176
2,020	3,698
2,021	2,380
2,022	1,931
Thereafter	4,811
Finite-Lived Intangible Assets, Net	25,118
Tenant Relationships, net
Future Amortization Of Deferred Costs And Other Assets [Line Items]
2,018	2,613
2,019	1,646
2,020	940
2,021	523
2,022	406
Thereafter	676
Finite-Lived Intangible Assets, Net	6,804
Lease Origination Costs, net
Future Amortization Of Deferred Costs And Other Assets [Line Items]
2,018	253
2,019	187
2,020	143
2,021	126
2,022	85
Thereafter	283
Finite-Lived Intangible Assets, Net	1,077
Legal & Marketing Costs, net
Future Amortization Of Deferred Costs And Other Assets [Line Items]
2,018	17
2,019	14
2,020	11
2,021	9
2,022	6
Thereafter	19
Finite-Lived Intangible Assets, Net	$ 76

Summary of Significant Accoun37

Summary of Significant Accounting Policies - Schedule of SG&A (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Compensation and benefits	$ 1,101	$ 2,018	$ 3,871
Professional fees	1,606	1,683	1,597
Acquisition costs	2,433	3,727	3,376
Corporate administration	962	1,111	1,187
Capital related costs	663	514	2,655
Travel	272	481	446
Advertising	237	228	218
Taxes and Licenses	90	162	66
Total	$ 7,364	$ 9,924	$ 13,416

Investment Properties - Summary

Investment Properties - Summary of Investment Properties (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Real Estate Properties [Line Items]
Investment properties at cost	$ 415,379	$ 409,362
Land held for development	11,228	11,420
Less accumulated depreciation	(31,045)	(20,482)
Investment properties, net	384,334	388,880
Land and land improvements
Real Estate Properties [Line Items]
Investment properties at cost	91,108	90,531
Buildings and improvements
Real Estate Properties [Line Items]
Investment properties at cost	$ 313,043	$ 307,411

Investment Properties - Additio

Investment Properties - Additional Information (Detail) $ in Thousands

Jun. 27, 2017USD ($)a

Jun. 26, 2017USD ($)a

Nov. 10, 2016USD ($)ft²shares

Apr. 12, 2016USD ($)ft²propertyshares

Dec. 31, 2017USD ($)

Dec. 31, 2016USD ($)

Dec. 31, 2015USD ($)

Dec. 21, 2016USD ($)ft²

Dec. 20, 2016USD ($)ft²

Dec. 16, 2016USD ($)ft²

Dec. 12, 2016USD ($)ft²

Dec. 07, 2016USD ($)ft²

Nov. 15, 2016USD ($)ft²

Real Estate Properties [Line Items]

Depreciation

$ 10,590

$ 7,883

$ 5,370

Gain (loss) on disposal of properties

$ 1,021

$ 0

$ 0

Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Carolina Place [Member]

Real Estate Properties [Line Items]

Acres of land | a

2.14

Contract price on sale of assets discontinued operations

$ 250

Gain (loss) on disposal of properties

(12)

Disposal group consideration, net

$ 238

Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Steak n Shake at Rivergate [Member]

Real Estate Properties [Line Items]

Acres of land | a

1.06

Contract price on sale of assets discontinued operations

$ 2,250

Gain (loss) on disposal of properties

1,030

Disposal group consideration, net

$ 2,180

A-C Portfolio [Member] [Member]

Real Estate Properties [Line Items]

Number of retail properties acquired | property

14

Property contract price

$ 71,000

Common shares issued in acquisition (in shares) | shares

111,111

Property acquired, square foot of store purchased | ft²

605,358

Property acquired, percentage of occupancy

92.00%

Number of tenants | property

77

Berkley [Member]

Real Estate Properties [Line Items]

Property contract price

$ 4,180

Common shares issued in acquisition (in shares) | shares

27,685

Property acquired, square foot of store purchased | ft²

47,945

Property acquired, percentage of occupancy

100.00%

Sangaree [Member]

Real Estate Properties [Line Items]

Property contract price

$ 10,770

Common shares issued in acquisition (in shares) | shares

15,281

Property acquired, square foot of store purchased | ft²

66,948

Property acquired, percentage of occupancy

95.00%

Tri-county [Member]

Real Estate Properties [Line Items]

Property acquired, square foot of store purchased | ft²

67,577

Riverbridge [Member]

Real Estate Properties [Line Items]

Property contract price

$ 7,000

Property acquired, square foot of store purchased | ft²

91,188

Property acquired, percentage of occupancy

99.00%

Laburnum Square [Member]

Real Estate Properties [Line Items]

Property contract price

$ 10,500

Property acquired, square foot of store purchased | ft²

109,405

Property acquired, percentage of occupancy

97.00%

Franklin Village [Member]

Real Estate Properties [Line Items]

Property contract price

$ 13,100

Property acquired, square foot of store purchased | ft²

151,673

Property acquired, percentage of occupancy

98.00%

Village at Martinsville [Member]

Real Estate Properties [Line Items]

Property contract price

$ 23,530

Property acquired, square foot of store purchased | ft²

297,950

Property acquired, percentage of occupancy

97.00%

New Market [Member]

Real Estate Properties [Line Items]

Property contract price

$ 9,000

Property acquired, square foot of store purchased | ft²

116,976

Property acquired, percentage of occupancy

93.00%

Rivergate Shopping Center [Member]

Real Estate Properties [Line Items]

Property contract price

$ 37,250

Property acquired, square foot of store purchased | ft²

205,810

Property acquired, percentage of occupancy

96.00%

Investment Properties - Summa40

Investment Properties - Summary of A-C Portfolio (Detail)	Apr. 12, 2016ft²
Darien Shopping Center [Member]
Real Estate Properties [Line Items]
Square Feet	26,001
Devine Street [Member]
Real Estate Properties [Line Items]
Square Feet	38,464
Folly Road [Member]
Real Estate Properties [Line Items]
Square Feet	47,794
Georgetown [Member]
Real Estate Properties [Line Items]
Square Feet	29,572
Ladson Crossing [Member]
Real Estate Properties [Line Items]
Square Feet	52,607
Lake Greenwood Crossing [Member]
Real Estate Properties [Line Items]
Square Feet	47,546
Lake Murray [Member]
Real Estate Properties [Line Items]
Square Feet	39,218
Litchfield Market Village [Member]
Real Estate Properties [Line Items]
Square Feet	86,740
Moncks Corner [Member]
Real Estate Properties [Line Items]
Square Feet	26,800
Ridgeland [Member]
Real Estate Properties [Line Items]
Square Feet	20,029
Shoppes at Myrtle Park [Member]
Real Estate Properties [Line Items]
Square Feet	56,380
South Lake [Member]
Real Estate Properties [Line Items]
Square Feet	44,318
South Park [Member]
Real Estate Properties [Line Items]
Square Feet	60,874
St. Matthews [Member]
Real Estate Properties [Line Items]
Square Feet	29,015

Investment Properties - Conside

Investment Properties - Consideration Paid and Preliminary Estimated Fair Values of Assets Acquired and Liabilities Assumed (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Fair value of assets acquired and liabilities assumed:
Investment property	$ 157,025
Lease intangibles and other assets	27,791
Below market leases	(7,257)
Fair value of net assets acquired	186,330
Purchase consideration:
Consideration paid with cash and debt	183,557
Consideration paid with common units	2,773
Total consideration	186,330
Above Market Leases [Member]
Fair value of assets acquired and liabilities assumed:
Above market leases	$ 8,771

Investment Properties - Unaudit

Investment Properties - Unaudited Pro forma Financial Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Real Estate [Abstract]
Rental revenues	$ 44,782	$ 43,883
Net loss from continuing operations	(11,267)	(14,164)
Net loss attributable to Wheeler REIT	(9,226)	(12,101)
Net loss attributable to Wheeler REIT common shareholders	$ (19,196)	$ (16,814)
Basic loss per share	$ (2.22)	$ (2)
Diluted loss per share	$ (2.22)	$ (2)

Notes Receivable (Detail)

Notes Receivable (Detail) $ in Thousands	Sep. 29, 2016USD ($)a	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivables from related parties		$ 12,000
Impairment on charge on note receivable from related party		5,261	$ 0	$ 0
Impaired Financing Receivable, Interest Income, Accrual Method		1,340
Sea Turtle Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivables from related parties	$ 11,000	833
Area of Land | a	10.39
Related Party Transaction, Rate	12.00%
Interest rate on note receivable	8.00%
Related Party Transaction, Interest Payment Due At Maturity, Rate	4.00%
Impairment on charge on note receivable from related party		$ 5,260
Consideration for Sale of Land Promissory Note [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivables from related parties	$ 1,000

Goodwill (Details)

Goodwill (Details) - USD ($)	Oct. 24, 2014	Jun. 30, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Goodwill [Line Items]
Goodwill			$ 5,486,000	$ 5,486,000
Consideration paid with common units				2,773,000
Restriction period for conversion of common units issued into shares	1 year
Operating Companies [Member]
Goodwill [Line Items]
Goodwill	$ 7,000,000		5,490,000	5,490,000
Fair value discount on common units issued for acquisition		$ 1,180,000
Consideration paid with common units		$ 6,750,000
Allocation to finite-lived intangibles					$ 337,000
Adjustments to goodwill			$ 0	$ 0

Assets Held for Sale and Disc45

Assets Held for Sale and Discontinued Operations (Details) - USD ($) $ in Thousands	Feb. 28, 2017	Jun. 29, 2016	Oct. 27, 2015	Oct. 20, 2015	Oct. 19, 2015	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Oct. 29, 2015
Assets and Liabilities Held For Sale [Abstract]
Total assets held for sale						$ 0				$ 366				$ 0	$ 366
Total liabilities associated with assets held for sale						0				1,350				0	1,350
Income from Discontinued Operations [Abstract]
Income from discontinued operations before gain on disposals														16	136	$ 500
Gain on disposal of properties														1,502	688	2,104
Income from discontinued operations						0	$ 0	$ (11)	$ 1,529	20	$ 40	$ 743	$ 21	1,518	824	2,604
Discontinued Operations, Disposed of by Sale [Member] | Jenks Reasors [Member]
Long Lived Assets Held-for-sale [Line Items]
Contract price on sale of assets discontinued operations																	$ 12,160
Gains on sale of assets discontinued operations					$ 820
Discontinued Operations, Disposed of by Sale [Member] | Harps Harbor Point [Member]
Long Lived Assets Held-for-sale [Line Items]
Contract price on sale of assets discontinued operations				$ 5,030
Gains on sale of assets discontinued operations				$ 642
Discontinued Operations, Disposed of by Sale [Member] | Bixby Commons [Member]
Long Lived Assets Held-for-sale [Line Items]
Contract price on sale of assets discontinued operations			$ 10,980
Gains on sale of assets discontinued operations			$ 642
Discontinued Operations, Disposed of by Sale [Member] | Starbucks And Verizon Building [Member]
Long Lived Assets Held-for-sale [Line Items]
Contract price on sale of assets discontinued operations	$ 2,290	$ 2,100
Gains on sale of assets discontinued operations	1,500	$ 688
Defeased loan payable	1,690
Cost of mortgage defeased loan payable	$ 223
Discontinued Operations, Held-for-sale [Member]
Assets and Liabilities Held For Sale [Abstract]
Investment properties, net						0				217				0	217
Above market lease intangible, net						0				3				0	3
Deferred costs and other assets, net						0				146				0	146
Total assets held for sale						0				366				0	366
Loans payable						0				1,350				0	1,350
Total liabilities associated with assets held for sale						$ 0				$ 1,350				0	1,350
Discontinued Operations, Held-for-sale or Disposed of by Sale [Member]
Income from Discontinued Operations [Abstract]
Revenues														26	284	2,043
Expenses														1	79	828
Operating income														25	205	1,215
Interest expense														9	69	715
Income from discontinued operations before gain on disposals														16	136	500
Gain on disposal of properties														1,502	688	2,104
Income from discontinued operations														$ 1,518	$ 824	$ 2,604

Loans Payable - Summary of Loan

Loans Payable - Summary of Loans Payable (Detail) - USD ($)

Jan. 10, 2018

Dec. 12, 2017

Aug. 29, 2017

May 01, 2017

Jun. 30, 2017

Dec. 31, 2017

Sep. 16, 2017

Jul. 18, 2017

Jun. 14, 2017

May 03, 2017

Mar. 22, 2017

Dec. 31, 2016

Dec. 02, 2016

Jul. 29, 2016

Apr. 28, 2016

Apr. 08, 2016

Debt Instrument [Line Items]

Total principal maturities

$ 308,122,000

$ 305,973,000

$ 4,100,000

Secured debt, gross of unamortized debt issuance cost

313,778,000

313,698,000

Unamortized debt issuance cost

$ (5,656,000)

(7,725,000)

Revere Loan [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

8.00%

Total principal maturities

$ 6,808,000

7,450,000

Line of Credit [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Interest Rate

8.00%

Total principal maturities

$ 3,000,000

Line of Credit [Member] | KeyBank December Maturing July 2018

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Total principal maturities

$ 15,532,000

74,077,000

Line of Credit [Member] | KeyBank Maturing December 2019

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Total principal maturities

$ 52,500,000

0

Senior Convertible Notes [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Interest Rate

9.00%

Total principal maturities

$ 3,000,000

London Interbank Offered Rate (LIBOR) [Member] | Line of Credit [Member] | KeyBank December Maturing July 2018

Debt Instrument [Line Items]

Debt spread over variable basis percentage

2.50%

London Interbank Offered Rate (LIBOR) [Member] | Line of Credit [Member] | KeyBank Maturing December 2019

Debt Instrument [Line Items]

Debt spread over variable basis percentage

2.50%

Monarch Bank Line Of Credit [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 7,340

Mortgage Loans Payable, Interest Rate

4.85%

Total principal maturities

$ 1,270,000

$ 3,000,000

Monarch Bank Line Of Credit [Member] | Subsequent Event [Member]

Debt Instrument [Line Items]

Maximum line of credit borrowing capacity

$ 3,000,000

Monarch Bank Line Of Credit [Member] | Line of Credit [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Total principal maturities

$ 3,000,000

3,000,000

Monarch Bank Line Of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | Subsequent Event [Member]

Debt Instrument [Line Items]

Debt spread over variable basis percentage

3.00%

Debt floor rate

4.25%

Monarch Bank Line Of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | Line of Credit [Member]

Debt Instrument [Line Items]

Debt spread over variable basis percentage

3.00%

Columbia Fire Station [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 262,000

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

8.00%

Total principal maturities

$ 0

$ 262,000

487,000

Shoppes at Eagle Harbor [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 25,100

Mortgage Loans Payable, Interest Rate

4.34%

Total principal maturities

$ 3,341,000

3,492,000

Revere Loan [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 25,000

$ 450,000

$ 167,000

Total principal maturities

$ 7,450,000

Lumber river [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Total principal maturities

$ 1,500,000

1,500,000

Lumber river [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Debt spread over variable basis percentage

2.95%

Senior Convertible Notes [Member] | Senior Convertible Notes [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

9.00%

Total principal maturities

$ 1,369,000

1,400,000

Harbor Point [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 11,024

Mortgage Loans Payable, Interest Rate

5.85%

5.85%

Total principal maturities

$ 553,000

649,000

$ 649,000

Perimeter Square [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

5.50%

5.50%

4.06%

Total principal maturities

$ 5,382,000

$ 4,500,000

4,500,000

$ 4,500,000

Riversedge North [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 8,802

Mortgage Loans Payable, Interest Rate

6.00%

Total principal maturities

$ 863,000

914,000

Monarch Bank Building [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 7,340

Mortgage Loans Payable, Interest Rate

4.85%

Total principal maturities

$ 1,266,000

1,320,000

DF I-Moyock [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 10,665

Mortgage Loans Payable, Interest Rate

5.00%

Total principal maturities

$ 194,000

309,000

Rivergate [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Total principal maturities

$ 22,689,000

24,213,000

Rivergate [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Debt spread over variable basis percentage

2.95%

LaGrange Marketplace [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 15,065

Total principal maturities

$ 2,317,000

2,369,000

LaGrange Marketplace [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Debt spread over variable basis percentage

3.75%

Folly Road [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

4.00%

4.00%

Total principal maturities

$ 6,181,000

$ 8,570,000

0

Columbia Fire House Construction Loan [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

4.00%

4.00%

Total principal maturities

$ 3,421,000

$ 4,300,000

0

Shoppes at TJ Maxx [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 33,880

Mortgage Loans Payable, Interest Rate

3.88%

Total principal maturities

$ 5,727,000

5,908,000

Walnut Hill Plaza [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 26,850

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

5.50%

5.50%

Total principal maturities

$ 3,900,000

$ 3,903,000

$ 3,390,000

3,440,000

Twin City Commons [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 17,827

Mortgage Loans Payable, Interest Rate

4.86%

Total principal maturities

$ 3,111,000

3,170,000

Tampa Festival [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 50,797

Mortgage Loans Payable, Interest Rate

5.56%

Total principal maturities

$ 8,368,000

8,502,000

Forrest Gallery [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 50,973

Mortgage Loans Payable, Interest Rate

5.40%

Total principal maturities

$ 8,669,000

8,802,000

South Carolina Food Lions Note [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 68,320

Mortgage Loans Payable, Interest Rate

5.25%

Total principal maturities

$ 12,050,000

12,224,000

Cypress Shopping Center [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 34,360

Mortgage Loans Payable, Interest Rate

4.70%

Total principal maturities

$ 6,485,000

6,585,000

Port Crossing Shopping Center [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 34,788

Mortgage Loans Payable, Interest Rate

4.84%

Total principal maturities

$ 6,263,000

6,370,000

Freeway Junction [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 41,798

Mortgage Loans Payable, Interest Rate

4.60%

Total principal maturities

$ 7,994,000

8,119,000

Harrodsburg Marketplace [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 19,112

Mortgage Loans Payable, Interest Rate

4.55%

Total principal maturities

$ 3,553,000

3,617,000

Graystone Crossing [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 20,386

Mortgage Loans Payable, Interest Rate

4.55%

Total principal maturities

$ 3,928,000

3,990,000

Bryan Station [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 23,489

Mortgage Loans Payable, Interest Rate

4.52%

Total principal maturities

$ 4,547,000

4,619,000

Crockett Square [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

4.47%

Total principal maturities

$ 6,338,000

6,338,000

Pierpont Centre [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

4.15%

Total principal maturities

$ 8,113,000

8,450,000

Alex City Marketplace [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

3.95%

Total principal maturities

$ 5,750,000

5,750,000

Butler Square [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

3.90%

Total principal maturities

$ 5,640,000

5,640,000

Brook Run Shopping Center [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

4.08%

Total principal maturities

$ 10,950,000

10,950,000

Beaver Village I and II [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

4.73%

Total principal maturities

$ 9,400,000

9,400,000

Sunshine Plaza [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

4.57%

Total principal maturities

$ 5,900,000

5,900,000

Barnett Portfolio [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

4.30%

Total principal maturities

$ 8,770,000

8,770,000

Ft. Howard Square [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

4.57%

Total principal maturities

$ 7,100,000

7,100,000

Conyers Crossing [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

4.67%

Total principal maturities

$ 5,960,000

5,960,000

Grove Park Shopping Center [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

4.52%

Total principal maturities

$ 3,800,000

3,800,000

Parkway Plaza Shopping Center [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

4.57%

Total principal maturities

$ 3,500,000

3,500,000

Winslow Plaza [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

4.82%

Total principal maturities

$ 4,620,000

4,620,000

Chesapeake Square [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment

$ 23,857

Mortgage Loans Payable, Interest Rate

4.70%

Total principal maturities

$ 4,507,000

4,578,000

Berkley/Sangaree/Tri-County

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

4.78%

Total principal maturities

$ 9,400,000

9,400,000

Riverbridge [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

4.48%

Total principal maturities

$ 4,000,000

4,000,000

Franklin [Member]

Debt Instrument [Line Items]

Mortgage Loans Payable, Monthly Payment, Interest Only

Interest only

Mortgage Loans Payable, Interest Rate

4.93%

Total principal maturities

$ 8,516,000

$ 8,516,000

Loans Payable - Additional Info

Loans Payable - Additional Information (Detail)

Jan. 10, 2018USD ($)

Dec. 21, 2017USD ($)

Dec. 12, 2017USD ($)

Oct. 07, 2017USD ($)

Oct. 06, 2017

Aug. 29, 2017USD ($)

May 03, 2017USD ($)

May 01, 2017USD ($)

Mar. 22, 2017USD ($)

Dec. 21, 2016USD ($)

Dec. 20, 2016USD ($)

Dec. 02, 2016USD ($)

Apr. 28, 2016USD ($)shares

Apr. 12, 2016USD ($)

Apr. 08, 2016USD ($)$ / sharesshares

Jun. 30, 2017USD ($)

Dec. 31, 2017USD ($)propertyparcelshares

Dec. 31, 2016USD ($)

Dec. 31, 2015USD ($)

Jul. 01, 2018USD ($)

Apr. 01, 2018USD ($)

Mar. 31, 2018USD ($)

Mar. 02, 2018USD ($)

Dec. 06, 2017USD ($)

Dec. 05, 2017USD ($)

Sep. 16, 2017USD ($)

Jul. 18, 2017USD ($)

Jun. 14, 2017USD ($)

Dec. 12, 2016USD ($)

Dec. 07, 2016USD ($)

Nov. 15, 2016USD ($)

Nov. 10, 2016USD ($)

Aug. 15, 2016USD ($)

Jul. 29, 2016USD ($)

Jul. 11, 2016USD ($)

Jan. 29, 2016USD ($)

May 29, 2015USD ($)

Debt Instrument [Line Items]

Loans payable, net

$ 308,122,000

$ 305,973,000

$ 4,100,000

Long-term Debt, Maturities, Repayments of Principal in Next Rolling Twelve Months

39,810,000

Conversion of senior convertible debt into Common Stock

31,000

1,600,000

$ 0

Long-term debt maturities in 2018

$ 39,807,000

Number of undeveloped parcels of land | parcel

7

Revere Loan [Member]

Debt Instrument [Line Items]

Debt periodic principal and interest payment

$ 25,000

$ 450,000

$ 167,000

Debt Instrument, Fee Amount

140,000

Loans payable, net

$ 7,450,000

Chesapeake Square [Member]

Debt Instrument [Line Items]

Debt interest rate

4.70%

Debt periodic principal and interest payment

$ 23,857

Loans payable, net

$ 4,507,000

4,578,000

Perimeter Square [Member]

Debt Instrument [Line Items]

Debt interest rate

5.50%

5.50%

4.06%

Loans payable, net

$ 5,382,000

4,500,000

$ 4,500,000

$ 4,500,000

Debt Instrument, Unused Borrowing Capacity, Amount

$ 870,000

Berkley [Member]

Debt Instrument [Line Items]

Debt interest rate

4.78%

Loans payable, net

$ 9,400,000

Riversedge North [Member]

Debt Instrument [Line Items]

Debt interest rate

6.00%

Debt periodic principal and interest payment

$ 8,802

Loans payable, net

$ 863,000

914,000

Shoppes at TJ Maxx [Member]

Debt Instrument [Line Items]

Debt interest rate

3.88%

Debt periodic principal and interest payment

$ 33,880

Loans payable, net

$ 5,727,000

5,908,000

Riverbridge [Member]

Debt Instrument [Line Items]

Debt interest rate

4.48%

Loans payable, net

$ 4,000,000

Franklin Village [Member]

Debt Instrument [Line Items]

Debt interest rate

4.93%

Loans payable, net

$ 8,520,000

Lumber River Plaza [Member]

Debt Instrument [Line Items]

Debt spread over variable basis percentage

2.95%

Loans payable, net

$ 1,500,000

Harbor Point [Member]

Debt Instrument [Line Items]

Term of credit facility

2 years

Debt interest rate

5.85%

5.85%

Debt periodic principal and interest payment

$ 11,024

Loans payable, net

$ 649,000

553,000

649,000

Rivergate Shopping Center [Member]

Debt Instrument [Line Items]

Debt spread over variable basis percentage

2.95%

Term of credit facility

2 years

Debt periodic principal and interest payment

1,520,000

Loans payable, net

$ 24,200,000

$ 22,690,000

Folly Road [Member]

Debt Instrument [Line Items]

Debt interest rate

4.00%

4.00%

Loans payable, net

$ 8,570,000

$ 6,181,000

0

Debt Instrument, Unused Borrowing Capacity, Amount

$ 2,390,000

Columbia Fire House Construction Loan [Member]

Debt Instrument [Line Items]

Term of credit facility

20 years

Debt interest rate

4.00%

4.00%

Loans payable, net

$ 4,300,000

$ 3,421,000

0

Debt Instrument, Unused Borrowing Capacity, Amount

$ 879,000

Walnut Hill Plaza [Member]

Debt Instrument [Line Items]

Term of credit facility

20 years

Debt interest rate

5.50%

5.50%

Debt periodic principal and interest payment

$ 26,850

Loans payable, net

$ 3,900,000

$ 3,903,000

3,440,000

$ 3,390,000

Monarch Bank Line Of Credit [Member]

Debt Instrument [Line Items]

Debt interest rate

4.85%

Debt periodic principal and interest payment

$ 7,340

Loans payable, net

$ 1,270,000

$ 3,000,000

Columbia Fire Station [Member]

Debt Instrument [Line Items]

Debt interest rate

8.00%

Debt periodic principal and interest payment

$ 262,000

Loans payable, net

$ 262,000

0

487,000

Revere, Shoppes at Eagle Harbor and Riversedge [Member]

Debt Instrument [Line Items]

Loans payable, net

$ 11,110,000

Senior Subordinated Notes [Member]

Debt Instrument [Line Items]

Private placement transaction, debt instrument face amount

$ 2,160,000

Line of Credit [Member]

Debt Instrument [Line Items]

Debt interest rate

8.00%

Private placement transaction, common stock shares under warrants issued | shares

750,000

750,000

Private placement transaction, exercise price of warrants (in usd per share) | $ / shares

$ 0.0001

Proceeds from Issuance of Secured Debt

$ 8,000,000

Loans payable, net

$ 3,000,000

Line of Credit [Member] | Monarch Bank Line Of Credit [Member]

Debt Instrument [Line Items]

Loans payable, net

$ 3,000,000

3,000,000

Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | Monarch Bank Line Of Credit [Member]

Debt Instrument [Line Items]

Debt spread over variable basis percentage

3.00%

Senior Convertible Notes [Member]

Debt Instrument [Line Items]

Debt interest rate

9.00%

Loans payable, net

$ 3,000,000

Debt Instrument, Prepayment Notice Period

30 days

Conversion of senior convertible debt into Common Stock

$ 1,640,000

Debt conversion, converted Instrument, shares Issued | shares

1,417,079

Convertible debt, maximum shares issuable upon conversion | shares

1,417,079

Promissory Note [Member] | Perimeter Square [Member]

Debt Instrument [Line Items]

Loans payable, net

$ 6,250,000

KeyBank [Member] | Chesapeake Square [Member]

Debt Instrument [Line Items]

Debt interest rate

4.70%

Loans payable, net

$ 4,600,000

KeyBank [Member] | Line of Credit [Member]

Debt Instrument [Line Items]

Maximum line of credit borrowing capacity

$ 50,000,000

$ 67,200,000

$ 52,500,000

$ 50,000,000

$ 75,000,000

$ 75,000,000

$ 46,100,000

$ 45,000,000

Interest rate margin above LIBOR, minimum

1.75%

Interest rate margin above LIBOR, maximum

2.50%

Decrease of total commitment on the revolving credit line

25,000,000

Extension period under revolving credit facility

60 days

Borrowings under line of credit

$ 68,030,000

Number of collateral properties | property

16

Line of Credit Facility, Commitment Fee Percentage

4.05%

Line of Credit Facility, Fair Value of Amount Outstanding

$ 15,530,000

KeyBank [Member] | Line of Credit [Member] | Chesapeake Square [Member]

Debt Instrument [Line Items]

Loans payable, net

$ 3,900,000

KeyBank [Member] | Line of Credit [Member] | Folly Road [Member]

Debt Instrument [Line Items]

Term of credit facility

25 years

Loans payable, net

$ 6,050,000

KeyBank [Member] | Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Debt spread over variable basis percentage

5.00%

KeyBank [Member] | Amended and Restated Credit Agreement [Member] | Line of Credit [Member]

Debt Instrument [Line Items]

Maximum line of credit borrowing capacity

$ 52,500,000

50,000,000

Debt spread over variable basis percentage

2.50%

Extension period under revolving credit facility

1 year

Line of credit current borrowing capacity

$ 68,030,000

Commitment fee percentage on unused capacity

0.25%

KeyBank [Member] | Amended and Restated Credit Agreement [Member] | Line of Credit [Member] | Scenario, Forecast [Member]

Debt Instrument [Line Items]

Line of credit current borrowing capacity

$ 52,500,000

KeyBank [Member] | Amended and Restated Credit Agreement [Member] | Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Accordion feature of line credit

$ 150,000,000

$ 50,000,000

Revere Loan [Member]

Debt Instrument [Line Items]

Debt interest rate

8.00%

Loans payable, net

$ 6,808,000

$ 7,450,000

Subsequent Event [Member] | Monarch Bank Line Of Credit [Member]

Debt Instrument [Line Items]

Maximum line of credit borrowing capacity

$ 3,000,000

Subsequent Event [Member] | London Interbank Offered Rate (LIBOR) [Member] | Monarch Bank Line Of Credit [Member]

Debt Instrument [Line Items]

Debt spread over variable basis percentage

3.00%

Subsequent Event [Member] | KeyBank [Member] | Amended and Restated Credit Agreement [Member] | Line of Credit [Member]

Debt Instrument [Line Items]

Line of credit, liquidity requirement

$ 5,000,000

$ 3,500,000

$ 5,000,000

Loans Payable - Summary of Comp

Loans Payable - Summary of Company's Scheduled Principal Repayments on Indebtedness (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
2,018	$ 39,807
2,019	78,576
2,020	18,531
2,021	1,907
2,022	5,534
Thereafter	169,423
Total principal maturities	$ 313,778	$ 313,698

Rentals under Operating Lease49

Rentals under Operating Leases - Future Minimum Rentals to be Received under Noncancelable Tenant Operating Leases (Detail) $ in Thousands	Dec. 31, 2017USD ($)
Leases [Abstract]
2,018	$ 41,786
2,019	36,626
2,020	29,626
2,021	22,759
2,022	17,828
Thereafter	47,312
Total	$ 195,937

Equity and Mezzanine Equity - A

Equity and Mezzanine Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Jul. 20, 2015	Jun. 11, 2015	Mar. 19, 2015	Jun. 10, 2013	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2013	Dec. 31, 2017	Mar. 31, 2017	Mar. 30, 2017	Dec. 01, 2016	Sep. 30, 2016	Jul. 07, 2016	Jun. 30, 2016	Jun. 15, 2016	Apr. 08, 2016	Jun. 30, 2015	Jun. 15, 2015	Jun. 04, 2015	Dec. 31, 2014	Apr. 29, 2014	Jun. 30, 2013
Equity [Line Items]
Common Stock, Shares, Outstanding					8,503,819	8,744,189	8,503,819			8,744,189	8,588,470	68,707,755
Shares of common stock authorized (in shares)					18,750,000	18,750,000	18,750,000			18,750,000	18,750,000	150,000,000
Authority to issue stock (in shares)						33,750,000				33,750,000
Par value of common stock (in usd per share)					$ 0.01	$ 0.01	$ 0.01			$ 0.01
Ownership interest of operating partnership						94.34%				94.34%
Units to stock conversion ratio						1
Common units outstanding (in shares)					11,218,694	11,226,868	11,218,694			11,226,868
Preferred stock outstanding (in shares)					4,500	562	4,500			562
Preferred Stock, Liquidation Preference Per Share						$ 1,000				$ 1,000
Preferred Stock, Liquidation Preference, Value					$ 55,930	$ 562	$ 55,930			$ 562
Deemed dividend for beneficial conversion feature						$ 0	0	$ 72,645
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Share Value, Amount															$ 50,000
Convertible Preferred Stock, Terms of Conversion						P20D
Preferred Stock, Redemption Price Per Share						$ 25				$ 25
Dividend declared (in usd per share)						$ 0.34				$ 0.34
Dividends payable					$ 3,586	$ 5,480	$ 3,586			$ 5,480
Shares issued to employees, directors, officers and consultants for services rendered (in shares)								30,362	0
Common units
Equity [Line Items]
Common units outstanding (in shares)					761,954	635,018	761,954	506,911		635,018
Exchange of Stock for Stock [Member]
Equity [Line Items]
Maximum number of common shares to be issued if all Series A and Series B Preferred shares are exchanged																				2,606,656
Conversion of Stock, Shares Issued	1,430,250
Trust Owning [Member]
Equity [Line Items]
Common units outstanding (in shares)					10,456,740	10,591,850	10,456,740			10,591,850
Minimum [Member]
Equity [Line Items]
Shares of common stock authorized (in shares)																			9,375,000
Minimum [Member] | Exchange of Stock for Stock [Member]
Equity [Line Items]
Shares of common stock authorized (in shares)																								1,875,000
Maximum [Member] | Exchange of Stock for Stock [Member]
Equity [Line Items]
Shares of common stock authorized (in shares)						18,750,000				18,750,000									18,750,000					9,375,000
Shares of convertible preferred stock authorized (in shares)						15,000,000				15,000,000
Line of Credit [Member]
Equity [Line Items]
Private placement transaction, common stock shares under warrants issued						750,000				750,000								750,000
Private placement transaction, exercise price of warrants (in usd per share)																		$ 0.0001
Preferred Stock [Member]
Equity [Line Items]
Conversion of preferred stock to common stock (in shares)				656,998
Dividends payable						$ 2,290				$ 2,290
Preferred Stock [Member] | Private Placement [Member]
Equity [Line Items]
Preferred stock cumulative dividend rate per annum						9.00%
Percentage of price at which common stock is sold in secondary offering						103.00%
2015 Share Incentive Plan [Member]
Equity [Line Items]
Number of shares authorized under Share Incentive Plan																					125,000
Shares issued to employees, directors, officers and consultants for services rendered (in shares)						11,465	42,069	40,019
Market value of shares issued to employees, directors, officers and consultants for services rendered						$ 155	$ 578	$ 697
Shares available for issuance under the Company’s Share Incentive Plan (in shares)						41,104				41,104
Stock Incentive Plan [Member]
Equity [Line Items]
Shares issued to employees, directors, officers and consultants for services rendered (in shares)								9,658
2016 Share Incentive Plan [Domain]
Equity [Line Items]
Number of shares authorized under Share Incentive Plan																	625,000
Shares issued to employees, directors, officers and consultants for services rendered (in shares)						99,527	4,601
Market value of shares issued to employees, directors, officers and consultants for services rendered						$ 1,260	$ 60
Shares available for issuance under the Company’s Share Incentive Plan (in shares)						520,872				520,872
Common Stock [Member]
Equity [Line Items]
Common Stock, Shares, Outstanding					8,503,819	8,744,189	8,503,819	8,282,459		8,744,189												939,122
Conversion of preferred stock to common stock (in shares)						2,509	174,626
Dividends payable						$ 3,190				$ 3,190
Shares issued to employees, directors, officers and consultants for services rendered (in shares)						110,991	46,671	40,019
Common Stock [Member] | Exchange of Stock for Stock [Member]
Equity [Line Items]
Conversion of preferred stock to common stock (in shares)								1,430,250
Series A Convertible Preferred Stock [Member]
Equity [Line Items]
Shares of convertible preferred stock authorized (in shares)						5,000,000				5,000,000
Convertible Preferred Stock [Member]
Equity [Line Items]
Conversion of Stock, Shares Converted				2,691
Series D Preferred Stock [Member]
Equity [Line Items]
Shares of convertible preferred stock authorized (in shares)					4,000,000	4,000,000	4,000,000			4,000,000
Preferred stock outstanding (in shares)					2,237,000	2,237,000	2,237,000			2,237,000
Preferred Stock, Liquidation Preference, Value						$ 55,930				$ 55,930
Preferred stock issued (in shares)					2,237,000	2,237,000	2,237,000			2,237,000
Redeemable Preferred Stock [Member]
Equity [Line Items]
Preferred stock shares redeemed (in shares)						562				562
Series B Preferred Stock
Equity [Line Items]
Shares of convertible preferred stock authorized (in shares)					5,000,000	5,000,000	5,000,000			5,000,000
Preferred stock outstanding (in shares)					1,871,244	1,875,848	1,871,244	729,119		1,875,848
Preferred Stock, Liquidation Preference, Value					$ 46,780	$ 46,900	$ 46,780			$ 46,900
Preferred stock issued (in shares)					1,871,244	1,875,848	1,871,244			1,875,848
Series B Preferred Stock | Exchange of Stock for Stock [Member]
Equity [Line Items]
Deemed dividend for beneficial conversion feature	$ 13,120
Convertible Preferred Stock, Shares Issued upon Conversion																				1.5625
Preferred Shares Tendered for Conversion	865,481
Series B Preferred Stock | Preferred Stock [Member]
Equity [Line Items]
Preferred stock outstanding (in shares)					1,871,244	1,875,848	1,871,244	729,119		1,875,848												1,648,900
Conversion of preferred stock to common stock (in shares)							100	54,300
Issuance of stocks, net of expenses (in shares)						4,604	1,142,225
Series B Preferred Stock | Preferred Stock [Member] | Exchange of Stock for Stock [Member]
Equity [Line Items]
Conversion of preferred stock to common stock (in shares)								865,481
Series B Preferred Stock | Common Stock [Member]
Equity [Line Items]
Conversion of preferred stock to common stock (in shares)							63	33,938
Series C Preferred Stock
Equity [Line Items]
Proceeds from issuance of Series B convertible preferred stock			$ 83,420
Series C Preferred Stock | Private Placement [Member]
Equity [Line Items]
Preferred Stock, Liquidation Preference Per Share			$ 1,000
Preferred stock issued (in shares)			93,000
Value of convertible debt converted into Series C Convertible Preferred Stock			$ 3,000
Proceeds from Issuance of Redeemable Preferred Stock			93,000
Proceeds from Issuance of Redeemable Convertible Preferred Stock			$ 90,000
Share Price			$ 1,000
Adjusted conversion price of preferred to common (in usd per share)		$ 16
Deemed dividend for beneficial conversion feature		$ 59,520
Convertible Preferred Stock, Shares Issued upon Conversion		62.5
Series C Preferred Stock | Preferred Stock [Member]
Equity [Line Items]
Preferred stock outstanding (in shares)					0	0	0	0		0												0
Conversion of preferred stock to common stock (in shares)								93,000
Series C Preferred Stock | Common Stock [Member]
Equity [Line Items]
Conversion of preferred stock to common stock (in shares)								5,812,500
Series A Preferred Stock
Equity [Line Items]
Shares of convertible preferred stock authorized (in shares)					4,500	4,500	4,500			4,500
Preferred stock outstanding (in shares)					562	562	562			562
Preferred stock issued (in shares)					562	562	562			562
Series A Preferred Stock | Exchange of Stock for Stock [Member]
Equity [Line Items]
Convertible Preferred Stock, Shares Issued upon Conversion																				62.5
Preferred Shares Tendered for Conversion	1,247
Series A Preferred Stock | Preferred Stock [Member]
Equity [Line Items]
Preferred stock outstanding (in shares)					562	562	562	562		562												1,809
Series A Preferred Stock | Preferred Stock [Member] | Exchange of Stock for Stock [Member]
Equity [Line Items]
Conversion of preferred stock to common stock (in shares)								1,247
Common Stock [Member]
Equity [Line Items]
Private placement transaction, common stock shares under warrants issued																							1,986,600
Warrants issued																							0.125
Private placement transaction, exercise price of warrants (in usd per share)																							$ 44
Series B Convertible Preferred Stock [Member]
Equity [Line Items]
Shares of convertible preferred stock authorized (in shares)						5,000,000				5,000,000
Preferred stock outstanding (in shares)					1,871,244	1,875,848	1,871,244			1,875,848
Preferred Stock, Liquidation Preference Per Share						$ 25				$ 25
Preferred Stock, Liquidation Preference, Value					$ 46,780	$ 46,900	$ 46,780			$ 46,900
Preferred stock cumulative dividend rate per annum						9.00%
Preferred stock issued (in shares)																729,119
Proceeds from issuance of Series B convertible preferred stock						$ 96	$ 23,400
Adjusted conversion price of preferred to common (in usd per share)						$ 58				$ 58
Issuance of stocks, net of expenses (in shares)					1,142,225	4,604
Preferred Stock, Redemption Price Per Share						$ 40				$ 40
Series B Convertible Preferred Stock [Member] | Private Placement [Member]
Equity [Line Items]
Issuance of stocks, net of expenses (in shares)										1,146,829
Series D Preferred Stock
Equity [Line Items]
Shares of convertible preferred stock authorized (in shares)					4,000,000	4,000,000	4,000,000			4,000,000
Preferred stock outstanding (in shares)					2,237,000	2,237,000	2,237,000	0		2,237,000
Preferred Stock, Liquidation Preference Per Share					$ 25	$ 25	$ 25			$ 25
Preferred Stock, Liquidation Preference, Value						$ 55,930				$ 55,930
Preferred stock issued (in shares)					2,237,000	2,237,000	2,237,000			2,237,000			637,000	1,600,000
Proceeds from issuance of Series B convertible preferred stock						$ 52,400
Share Price													$ 24	$ 25
Preferred Stock, Redemption Price Per Share						$ 25				$ 25
Preferred Stock, Initial Liquidation Preference Per Share						$ 2.1875				$ 2.1875
Preferred Stock, Dividend Over Initial Rate, Percentage						2.00%
Secondary offering common stock price per share (in usd per share)						$ 16.96
Ratio of Asset Coverage to Total Debt						200.00%				200.00%
Preferred Stock Redemption Discount						$ 723	$ 0	$ 0
Series D Preferred Stock | Minimum [Member]
Equity [Line Items]
Preferred stock cumulative dividend rate per annum						8.75%
Series D Preferred Stock | Maximum [Member]
Equity [Line Items]
Preferred stock cumulative dividend rate per annum						14.00%

Equity and Mezzanine Equity -51

Equity and Mezzanine Equity - Antidiluted Securities Excluded From Calculation of Earning Per Share (Detail) - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common units outstanding (in shares)	11,226,868	11,218,694
Preferred stock outstanding (in shares)	562	4,500
Series B Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Preferred stock outstanding (in shares)	1,875,848	1,871,244	729,119
Potential dilutive shares (in shares)	1,172,405	1,169,528	455,699
Series D Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Preferred stock outstanding (in shares)	2,237,000	2,237,000	0
Potential dilutive shares (in shares)	3,297,465	3,297,465	0
Warrants to purchase Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potential dilutive shares (in shares)	329,378	329,378	329,453
Common units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common units outstanding (in shares)	635,018	761,954	506,911
Potential dilutive shares (in shares)	635,018	506,911	419,360
Senior Convertible Notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Outstanding shares (in shares)		2,509	177,135
Potential dilutive shares (in shares)		2,509	177,135

Equity and Mezzanine Equity - D

Equity and Mezzanine Equity - Dividends Declared to Holders of Common Stock (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Class of Stock [Line Items]
Total	$ 23,446	$ 20,041	$ 23,414
Common Stock [Member]
Class of Stock [Line Items]
Common unit and common shareholders	13,477	15,328	9,786
Preferred Stock [Member]
Class of Stock [Line Items]
Preferred shareholders	$ 9,969	$ 4,713	$ 13,628

Commitments and Contingencies -

Commitments and Contingencies - Properties Subject to Ground Leases (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Commitments And Contingencies Disclosure [Line Items]
Ground lease expenses	$ 555	$ 441	$ 168
Northeast [Member]
Commitments And Contingencies Disclosure [Line Items]
Total annualized base rent percentage	4.00%
Mid-Atlantic [Member]
Commitments And Contingencies Disclosure [Line Items]
Total annualized base rent percentage	23.00%
Southeast [Member]
Commitments And Contingencies Disclosure [Line Items]
Total annualized base rent percentage	72.00%
Southwest [Member]
Commitments And Contingencies Disclosure [Line Items]
Total annualized base rent percentage	1.00%
Amscot Building [Member]
Commitments And Contingencies Disclosure [Line Items]
Ground lease expenses	$ 18	18	18
Lease termination year	2,045
Beaver Ruin Village [Member]
Commitments And Contingencies Disclosure [Line Items]
Ground lease expenses	$ 46	46	23
Lease termination year	2,054
Beaver Ruin Village II [Member]
Commitments And Contingencies Disclosure [Line Items]
Ground lease expenses	$ 19	18	9
Lease termination year	2,056
WHLR Charleston Office [Member]
Commitments And Contingencies Disclosure [Line Items]
Ground lease expenses	$ 100	92	118
Lease termination year	2,019
Moncks Corner [Member]
Commitments And Contingencies Disclosure [Line Items]
Ground lease expenses	$ 121	87	0
Lease termination year	2,040
Devine Street [Member]
Commitments And Contingencies Disclosure [Line Items]
Ground lease expenses	$ 251	$ 180	$ 0
Lease termination year	2,035

Commitments and Contingencies54

Commitments and Contingencies - Future Minimum Lease Payments Due under Ground Lease (Detail) $ in Thousands	Dec. 31, 2017USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,018	$ 530
2,019	499
2,020	433
2,021	485
2,022	488
Thereafter	9,666
Total	$ 12,101

Related Party Transactions - Su

Related Party Transactions - Summary of Related Party Activity (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Notes receivable, net	$ 6,739	$ 12,000
Wheeler Interests and Affiliates [Member]
Related Party Transaction [Line Items]
Amounts paid to affiliates	48	125	$ 986
Amounts received from affiliates	2,517	1,347	777
Amounts due from affiliates	0	1,456	481
Pineland Shopping Center [Member]
Related Party Transaction [Line Items]
Notes receivable, net	$ 6,739	$ 12,000	$ 0

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Sep. 29, 2016
Related Party Transaction [Line Items]
Notes receivables from related parties	$ 12,000	$ 12,000
Impairment on charge on note receivable from related party		$ 5,261	$ 0	$ 0
Development fee percentage		5.00%
Related party receivables, net	0	$ 0	1,456
Pineland Shopping Center [Member]
Related Party Transaction [Line Items]
Development fee percentage		5.00%
Consideration for Sale of Land Promissory Note [Member]
Related Party Transaction [Line Items]
Notes receivables from related parties					$ 1,000
Sea Turtle Development
Related Party Transaction [Line Items]
Notes receivables from related parties	833	$ 833			$ 11,000
Impairment on charge on note receivable from related party		5,260
Reserve for amounts due from affiliates	2,364	$ 2,364
Amounts earned due from related party	$ 323
Accrued Interest Receivable From Notes [Member] | Pineland Shopping Center [Member]
Related Party Transaction [Line Items]
Accrued interest receivable on related party notes due at maturity			415
Related party receivables, net			657
Development Fees [Member] | Pineland Shopping Center [Member]
Related Party Transaction [Line Items]
Related party receivables, net			$ 166

Related Party Transactions - Re

Related Party Transactions - Reserve for Amounts Due From Affiliates (Detail) - Sea Turtle Development $ in Thousands	Dec. 31, 2017USD ($)
Related Party Transaction [Line Items]
Accrued interest on note receivable - due at maturity	$ 895
Accrued interest on note receivable - currently due	443
Leasing Commissions	190
Development fees	182
Other	18
Other non-REIT Properties	636
Reserve for amounts due from affiliates	$ 2,364

Selected Quarterly Financial 58

Selected Quarterly Financial Data (Unaudited) (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Total Revenues	$ 14,296	$ 15,198	$ 14,719	$ 14,322	$ 12,027	$ 11,911	$ 11,084	$ 9,138	$ 58,535	$ 44,160	$ 27,615
Operating Income (Loss)	(4,952)	1,779	2,542	1,173	(780)	1,666	(13)	(1,164)	542	(291)	(12,452)
Net loss from continuing operations	(8,719)	(2,173)	(715)	(2,689)	(4,051)	(1,674)	(3,754)	(3,583)	(14,296)	(13,062)	(21,377)
Net income from discontinued operations	0	0	(11)	1,529	20	40	743	21	1,518	824	2,604
Net loss attributable to Wheeler REIT common shareholders	$ (10,696)	$ (4,558)	$ (3,207)	$ (3,602)	$ (6,214)	$ (2,752)	$ (3,210)	$ (3,740)	$ (22,063)	$ (15,916)	$ (103,793)
Loss per share from continuing operations (basic and diluted) (in dollars per share)	$ (1.22)	$ (0.52)	$ (0.37)	$ (0.59)	$ (0.73)	$ (0.32)	$ (0.46)	$ (0.45)	$ (2.70)	$ (1.98)	$ (21.78)
Income per share from discontinued operations (in dollars per share)	$ 0	$ 0	$ 0	$ 0.17	$ 0	$ 0	$ 0.08	$ 0	$ 0.16	$ 0.09	$ 0.46

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) $ / shares in Units, $ in Thousands	Jan. 18, 2018USD ($)ft²shares	Jan. 12, 2018USD ($)	Jan. 10, 2018USD ($)	Jun. 27, 2017USD ($)	Jan. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Subsequent Event [Line Items]
Gain (loss) on disposal of properties						$ 1,021	$ 0	$ 0
Total consideration							186,330
Notes receivable, net						$ 6,739	$ 12,000
Carolina Place [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Subsequent Event [Line Items]
Contract price on sale of assets discontinued operations				$ 250
Gain (loss) on disposal of properties				(12)
Disposal group consideration, net				$ 238
Subsequent Event [Member] | Monarch Bank Line Of Credit [Member]
Subsequent Event [Line Items]
Line of credit			$ 3,000
Subsequent Event [Member] | JANAF Acquisition [Member]
Subsequent Event [Line Items]
Total consideration	$ 85,650
Subsequent Event [Member] | JANAF Acquisition [Member] | JANAF - Bravo Loan
Subsequent Event [Line Items]
Notes receivable, net	$ 6,500
Interest rate on note receivable	4.65%
Subsequent Event [Member] | JANAF Acquisition [Member] | VIRGINIA
Subsequent Event [Line Items]
Total consideration	$ 85,650
Property acquired, square foot of store purchased | ft²	887,917
Property acquired, percentage of occupancy	94.00%
Subsequent Event [Member] | JANAF Acquisition [Member] | Common Stock [Member] | VIRGINIA
Subsequent Event [Line Items]
Common shares issued in acquisition (in shares) | shares	150,000
Subsequent Event [Member] | London Interbank Offered Rate (LIBOR) [Member] | Monarch Bank Line Of Credit [Member]
Subsequent Event [Line Items]
Debt spread over variable basis percentage			3.00%
Debt floor rate			4.25%
Subsequent Event [Member] | Public Offering [Member] | Series D Preferred Stock [Member]
Subsequent Event [Line Items]
Number of shares issued and sold in transaction | shares					1,363,636
Offering priced per share | $ / shares					$ 16.50
Net proceeds from public offering					$ 21,160
Subsequent Event [Member] | Carolina Place [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Subsequent Event [Line Items]
Contract price on sale of assets discontinued operations		$ 1,270
Gain (loss) on disposal of properties		1,050
Disposal group consideration, net		$ 1,160

Subsequent Events - Fair Value

Subsequent Events - Fair Value of Assets Acquired, Liabilities Assumed and Consideration Paid for JANAF Acquisition (Detail) - USD ($)	Jan. 18, 2018	Dec. 31, 2016
Fair value of assets acquired and liabilities assumed:
Investment property		$ 157,025,000
Lease intangibles and other assets		27,791,000
Below market leases		(7,257,000)
Fair value of net assets acquired		186,330,000
Purchase consideration:
Consideration paid with cash and debt		183,557,000
Consideration paid with common stock		2,773,000
Total consideration		186,330,000
Above Market Leases [Member]
Fair value of assets acquired and liabilities assumed:
Above market leases		$ 8,771,000
Subsequent Event [Member] | JANAF Acquisition [Member]
Fair value of assets acquired and liabilities assumed:
Investment property	$ 77,383,000
Lease intangibles and other assets	11,040,000
Below market leases	(4,852,000)
Debt assumption	(58,867,000)
Fair value of net assets acquired	26,783,000
Purchase consideration:
Consideration paid with cash and debt	25,653,000
Consideration paid with assumption of debt	58,867,000
Consideration paid with common stock	1,130,000
Total consideration	85,650,000
Subsequent Event [Member] | JANAF Acquisition [Member] | Maturity Date July 2023 [Member]
Purchase consideration:
Consideration paid with assumption of debt	$ 53,710,000
Debt interest rate	4.49%
Debt periodic principal and interest payment	$ 333,159
Subsequent Event [Member] | JANAF Acquisition [Member] | Maturity Date January 2026 [Member]
Purchase consideration:
Consideration paid with assumption of debt	$ 5,160,000
Debt interest rate	4.95%
Debt periodic principal and interest payment	$ 29,964
Subsequent Event [Member] | JANAF Acquisition [Member] | Above Market Leases [Member]
Fair value of assets acquired and liabilities assumed:
Above market leases	$ 2,079,000

Subsequent Events - Unaudited P

Subsequent Events - Unaudited Pro Forma Information About JANAF Acquisition (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Rental revenues	$ 44,782	$ 43,883
Net loss from continuing operations	(11,267)	(14,164)
Net loss attributable to Wheeler REIT	(9,226)	(12,101)
Net loss attributable to Wheeler REIT common shareholders	$ (19,196)	$ (16,814)
Basic loss per share	$ (2.22)	$ (2)
Diluted loss per share	$ (2.22)	$ (2)
JANAF Acquisition [Member]
Business Acquisition [Line Items]
Rental revenues	$ 53,227	$ 52,130
Net loss from continuing operations	(11,424)	(15,261)
Net loss attributable to Wheeler REIT	(9,374)	(13,097)
Net loss attributable to Wheeler REIT common shareholders	$ (22,327)	$ (20,793)
Basic loss per share	$ (2.54)	$ (2.43)
Diluted loss per share	$ (2.54)	$ (2.43)

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts (Detail) - Allowance for Doubtful Accounts [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	$ 691	$ 411
Charged to Costs and Expense	2,821	425
Deductions from Reserves	(443)	(145)
Balance at End of Year	$ 3,069	$ 691

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Jul. 29, 2016
Initial Cost
Initial Cost, Land			$ 101,127
Initial Cost, Building and Improvements			300,651
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			13,601
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			102,336
Gross Amount at which Carried at End of Period, Building and Improvements			313,043
Gross Amount at which Carried at End of Period, Total	$ 409,585	$ 252,831	415,379	$ 409,585
Accumulated Depreciation			31,045
Mortgage note			308,122	305,973	$ 4,100
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	409,585	252,831
Acquisitions	0	157,025
Improvements	7,367	1,787
Disposals	(1,573)	(2,058)
Balance at end of period	415,379	$ 409,585
Revere Loan [Member]
Gross Amount at which Carried at End of Period
Mortgage note			6,808	$ 7,450
Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			68,000
Line of Credit [Member]
Gross Amount at which Carried at End of Period
Mortgage note			3,000
Amscot Building [Member]
Initial Cost
Initial Cost, Land			0
Initial Cost, Building and Improvements			462
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			31
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			0
Gross Amount at which Carried at End of Period, Building and Improvements			493
Gross Amount at which Carried at End of Period, Total	$ 493		493
Accumulated Depreciation			203
Date of Construction	May 15, 2004
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 493
Amscot Building [Member] | Mortgages [Member] | Revere Loan [Member]
Gross Amount at which Carried at End of Period
Mortgage note			6,800
Amscot Building [Member] | Line of Credit [Member]
Gross Amount at which Carried at End of Period
Line of credit			3,000
Amscot Building [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Amscot Building [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Lumber River Plaza [Member]
Initial Cost
Initial Cost, Land			800
Initial Cost, Building and Improvements			4,487
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			146
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			943
Gross Amount at which Carried at End of Period, Building and Improvements			4,490
Gross Amount at which Carried at End of Period, Total	$ 5,433		5,433
Encumbrances			1,500
Accumulated Depreciation			747
Date Acquired	Nov. 16, 2012
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 5,433
Lumber River Plaza [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Lumber River Plaza [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Monarch Bank Building [Member]
Initial Cost
Initial Cost, Land			497
Initial Cost, Building and Improvements			1,909
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			77
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			497
Gross Amount at which Carried at End of Period, Building and Improvements			1,986
Gross Amount at which Carried at End of Period, Total	$ 2,483		2,483
Encumbrances			1,266
Accumulated Depreciation			1,133
Date Acquired	Dec. 28, 2007
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 2,483
Monarch Bank Building [Member] | Mortgages [Member] | Revere Loan [Member]
Gross Amount at which Carried at End of Period
Mortgage note			6,800
Monarch Bank Building [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Monarch Bank Building [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Perimeter Square [Member]
Initial Cost
Initial Cost, Land			1,566
Initial Cost, Building and Improvements			5,081
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			478
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			1,566
Gross Amount at which Carried at End of Period, Building and Improvements			5,559
Gross Amount at which Carried at End of Period, Total	$ 7,125		7,125
Encumbrances			5,382
Accumulated Depreciation			905
Date Acquired	Nov. 16, 2012
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 7,125
Perimeter Square [Member] | Mortgages [Member] | Revere Loan [Member]
Gross Amount at which Carried at End of Period
Mortgage note			6,800
Perimeter Square [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Perimeter Square [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Riversedge North [Member]
Initial Cost
Initial Cost, Land			910
Initial Cost, Building and Improvements			2,208
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			638
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			910
Gross Amount at which Carried at End of Period, Building and Improvements			2,846
Gross Amount at which Carried at End of Period, Total	$ 3,756		3,756
Encumbrances			863
Accumulated Depreciation			1,293
Date of Construction	Apr. 17, 2008
Date Acquired	Dec. 21, 2012
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 3,756
Riversedge North [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Riversedge North [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Surrey Plaza [Member]
Initial Cost
Initial Cost, Land			381
Initial Cost, Building and Improvements			1,857
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			0
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			381
Gross Amount at which Carried at End of Period, Building and Improvements			1,857
Gross Amount at which Carried at End of Period, Total	$ 2,238		2,238
Accumulated Depreciation			378
Date Acquired	Dec. 21, 2012
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 2,238
Surrey Plaza [Member] | Mortgages [Member] | Revere Loan [Member]
Gross Amount at which Carried at End of Period
Mortgage note			6,800
Surrey Plaza [Member] | Line of Credit [Member]
Gross Amount at which Carried at End of Period
Line of credit			3,000
Surrey Plaza [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Surrey Plaza [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Shoppes at TJ Maxx [Member]
Initial Cost
Initial Cost, Land			2,115
Initial Cost, Building and Improvements			6,719
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			554
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			2,115
Gross Amount at which Carried at End of Period, Building and Improvements			7,273
Gross Amount at which Carried at End of Period, Total	$ 9,388		9,388
Encumbrances			5,727
Accumulated Depreciation			1,341
Date Acquired	Nov. 16, 2012
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 9,388
Shoppes at TJ Maxx [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Shoppes at TJ Maxx [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Shoppes at Eagle Harbor [Member]
Initial Cost
Initial Cost, Land			785
Initial Cost, Building and Improvements			4,219
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			259
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			785
Gross Amount at which Carried at End of Period, Building and Improvements			4,478
Gross Amount at which Carried at End of Period, Total	$ 5,263		5,263
Encumbrances			3,341
Accumulated Depreciation			1,117
Date of Construction	Sep. 9, 2008
Date Acquired	Nov. 16, 2012
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 5,263
Shoppes at Eagle Harbor [Member] | Mortgages [Member] | Revere Loan [Member]
Gross Amount at which Carried at End of Period
Mortgage note			6,800
Shoppes at Eagle Harbor [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Shoppes at Eagle Harbor [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Twin City Commons [Member]
Initial Cost
Initial Cost, Land			800
Initial Cost, Building and Improvements			3,041
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			24
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			800
Gross Amount at which Carried at End of Period, Building and Improvements			3,065
Gross Amount at which Carried at End of Period, Total	$ 3,865		3,865
Encumbrances			3,111
Accumulated Depreciation			493
Date Acquired	Dec. 18, 2012
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 3,865
Twin City Commons [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Twin City Commons [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Walnut Hill Plaza [Member]
Initial Cost
Initial Cost, Land			734
Initial Cost, Building and Improvements			2,414
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			1,193
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			734
Gross Amount at which Carried at End of Period, Building and Improvements			3,607
Gross Amount at which Carried at End of Period, Total	$ 4,341		4,341
Encumbrances			3,903
Accumulated Depreciation			1,712
Date Acquired	Dec. 14, 2007
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 4,341
Walnut Hill Plaza [Member] | Mortgages [Member] | Revere Loan [Member]
Gross Amount at which Carried at End of Period
Mortgage note			6,800
Walnut Hill Plaza [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Walnut Hill Plaza [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Tampa Festival [Member]
Initial Cost
Initial Cost, Land			4,653
Initial Cost, Building and Improvements			6,691
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			657
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			4,695
Gross Amount at which Carried at End of Period, Building and Improvements			7,306
Gross Amount at which Carried at End of Period, Total	$ 12,001		12,001
Encumbrances			8,368
Accumulated Depreciation			1,137
Date Acquired	Aug. 26, 2013
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 12,001
Tampa Festival [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Tampa Festival [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Forrest Gallery [Member]
Initial Cost
Initial Cost, Land			3,015
Initial Cost, Building and Improvements			7,455
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			855
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			3,015
Gross Amount at which Carried at End of Period, Building and Improvements			8,310
Gross Amount at which Carried at End of Period, Total	$ 11,325		11,325
Encumbrances			8,669
Accumulated Depreciation			1,232
Date Acquired	Aug. 29, 2013
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 11,325
Forrest Gallery [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Forrest Gallery [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Jenks Plaza [Member]
Initial Cost
Initial Cost, Land			498
Initial Cost, Building and Improvements			918
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			77
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			498
Gross Amount at which Carried at End of Period, Building and Improvements			995
Gross Amount at which Carried at End of Period, Total	$ 1,493		1,493
Accumulated Depreciation			189
Date Acquired	Dec. 17, 2013
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 1,493
Jenks Plaza [Member] | Mortgages [Member] | Revere Loan [Member]
Gross Amount at which Carried at End of Period
Mortgage note			6,800
Jenks Plaza [Member] | Line of Credit [Member]
Gross Amount at which Carried at End of Period
Line of credit			3,000
Jenks Plaza [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Jenks Plaza [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Winslow Plaza [Member]
Initial Cost
Initial Cost, Land			1,325
Initial Cost, Building and Improvements			3,684
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			184
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			1,370
Gross Amount at which Carried at End of Period, Building and Improvements			3,823
Gross Amount at which Carried at End of Period, Total	$ 5,193		5,193
Encumbrances			4,620
Accumulated Depreciation			681
Date Acquired	Dec. 19, 2013
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 5,193
Winslow Plaza [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Winslow Plaza [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Clover Plaza [Member]
Initial Cost
Initial Cost, Land			356
Initial Cost, Building and Improvements			1,197
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			26
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			356
Gross Amount at which Carried at End of Period, Building and Improvements			1,223
Gross Amount at which Carried at End of Period, Total	$ 1,579		1,579
Encumbrances			2,049
Accumulated Depreciation			142
Date Acquired	Dec. 23, 2013
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 1,579
Clover Plaza [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Clover Plaza [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
St George Plaza [Member]
Initial Cost
Initial Cost, Land			706
Initial Cost, Building and Improvements			1,264
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			25
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			706
Gross Amount at which Carried at End of Period, Building and Improvements			1,289
Gross Amount at which Carried at End of Period, Total	$ 1,995		1,995
Encumbrances			2,584
Accumulated Depreciation			163
Date Acquired	Dec. 23, 2013
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 1,995
St George Plaza [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
St George Plaza [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
South Square [Member]
Initial Cost
Initial Cost, Land			353
Initial Cost, Building and Improvements			1,911
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			0
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			353
Gross Amount at which Carried at End of Period, Building and Improvements			1,911
Gross Amount at which Carried at End of Period, Total	$ 2,264		2,264
Encumbrances			2,104
Accumulated Depreciation			202
Date Acquired	Dec. 23, 2013
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 2,264
South Square [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
South Square [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Westland Square [Member]
Initial Cost
Initial Cost, Land			887
Initial Cost, Building and Improvements			1,710
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			21
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			887
Gross Amount at which Carried at End of Period, Building and Improvements			1,731
Gross Amount at which Carried at End of Period, Total	$ 2,618		2,618
Encumbrances			2,684
Accumulated Depreciation			199
Date Acquired	Dec. 23, 2013
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 2,618
Westland Square [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Westland Square [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Waterway Plaza [Member]
Initial Cost
Initial Cost, Land			1,280
Initial Cost, Building and Improvements			1,248
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			11
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			1,280
Gross Amount at which Carried at End of Period, Building and Improvements			1,259
Gross Amount at which Carried at End of Period, Total	$ 2,539		2,539
Encumbrances			2,629
Accumulated Depreciation			153
Date Acquired	Dec. 23, 2013
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 2,539
Waterway Plaza [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Waterway Plaza [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Cypress Shopping Center [Member]
Initial Cost
Initial Cost, Land			2,064
Initial Cost, Building and Improvements			4,579
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			266
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			2,064
Gross Amount at which Carried at End of Period, Building and Improvements			4,845
Gross Amount at which Carried at End of Period, Total	$ 6,909		6,909
Encumbrances			6,485
Accumulated Depreciation			491
Date Acquired	Jul. 1, 2014
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 6,909
Cypress Shopping Center [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Cypress Shopping Center [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Harrodsburg Marketplace [Member]
Initial Cost
Initial Cost, Land			1,431
Initial Cost, Building and Improvements			2,485
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			78
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			1,509
Gross Amount at which Carried at End of Period, Building and Improvements			2,485
Gross Amount at which Carried at End of Period, Total	$ 3,994		3,994
Encumbrances			3,553
Accumulated Depreciation			276
Date Acquired	Jul. 1, 2014
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 3,994
Harrodsburg Marketplace [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Harrodsburg Marketplace [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Port Crossing Shopping Center [Member]
Initial Cost
Initial Cost, Land			792
Initial Cost, Building and Improvements			6,921
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			93
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			792
Gross Amount at which Carried at End of Period, Building and Improvements			7,014
Gross Amount at which Carried at End of Period, Total	$ 7,806		7,806
Encumbrances			6,263
Accumulated Depreciation			1,119
Date Acquired	Jul. 3, 2014
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 7,806
Port Crossing Shopping Center [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Port Crossing Shopping Center [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
LaGrange Marketplace [Member]
Initial Cost
Initial Cost, Land			390
Initial Cost, Building and Improvements			2,648
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			7
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			390
Gross Amount at which Carried at End of Period, Building and Improvements			2,655
Gross Amount at which Carried at End of Period, Total	$ 3,045		3,045
Encumbrances			2,317
Accumulated Depreciation			370
Date Acquired	Jul. 25, 2014
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 3,045
LaGrange Marketplace [Member] | Mortgages [Member] | Revere Loan [Member]
Gross Amount at which Carried at End of Period
Mortgage note			6,800
LaGrange Marketplace [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
LaGrange Marketplace [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
DF I-Courtland [Member]
Initial Cost
Initial Cost, Land			894
Initial Cost, Building and Improvements			0
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			0
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			894
Gross Amount at which Carried at End of Period, Building and Improvements			0
Gross Amount at which Carried at End of Period, Total	$ 894		894
Accumulated Depreciation			0
Date Acquired	Aug. 15, 2014
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 894
DF I-Courtland [Member] | Mortgages [Member] | Revere Loan [Member]
Gross Amount at which Carried at End of Period
Mortgage note			6,800
Edenton Commons [Member]
Initial Cost
Initial Cost, Land			2,395
Initial Cost, Building and Improvements			0
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			0
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			2,395
Gross Amount at which Carried at End of Period, Building and Improvements			0
Gross Amount at which Carried at End of Period, Total	$ 2,395		2,395
Accumulated Depreciation			0
Date Acquired	Aug. 15, 2014
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 2,395
Edenton Commons [Member] | Mortgages [Member] | Revere Loan [Member]
Gross Amount at which Carried at End of Period
Mortgage note			6,800
DF I-Moyock [Member]
Initial Cost
Initial Cost, Land			908
Initial Cost, Building and Improvements			0
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			0
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			908
Gross Amount at which Carried at End of Period, Building and Improvements			0
Gross Amount at which Carried at End of Period, Total	$ 908		908
Encumbrances			194
Accumulated Depreciation			0
Date Acquired	Aug. 15, 2014
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 908
DF I-Moyock [Member] | Mortgages [Member] | Revere Loan [Member]
Gross Amount at which Carried at End of Period
Mortgage note			6,800
Freeway Junction [Member]
Initial Cost
Initial Cost, Land			1,521
Initial Cost, Building and Improvements			6,755
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			13
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			1,521
Gross Amount at which Carried at End of Period, Building and Improvements			6,768
Gross Amount at which Carried at End of Period, Total	$ 8,289		8,289
Encumbrances			7,994
Accumulated Depreciation			759
Date Acquired	Sep. 4, 2014
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 8,289
Freeway Junction [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Freeway Junction [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Graystone Crossing [Member]
Initial Cost
Initial Cost, Land			922
Initial Cost, Building and Improvements			2,856
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			0
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			922
Gross Amount at which Carried at End of Period, Building and Improvements			2,856
Gross Amount at which Carried at End of Period, Total	$ 3,778		3,778
Encumbrances			3,928
Accumulated Depreciation			263
Date Acquired	Sep. 26, 2014
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 3,778
Graystone Crossing [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Graystone Crossing [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Bryan Station [Member]
Initial Cost
Initial Cost, Land			1,658
Initial Cost, Building and Improvements			2,756
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			57
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			1,658
Gross Amount at which Carried at End of Period, Building and Improvements			2,813
Gross Amount at which Carried at End of Period, Total	$ 4,471		4,471
Encumbrances			4,547
Accumulated Depreciation			292
Date Acquired	Oct. 2, 2014
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 4,471
Bryan Station [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Bryan Station [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Crockett Square [Member]
Initial Cost
Initial Cost, Land			1,546
Initial Cost, Building and Improvements			6,834
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			183
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			1,565
Gross Amount at which Carried at End of Period, Building and Improvements			6,998
Gross Amount at which Carried at End of Period, Total	$ 8,563		8,563
Encumbrances			6,338
Accumulated Depreciation			720
Date Acquired	Nov. 5, 2014
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 8,563
Crockett Square [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Crockett Square [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Harbor Point [Member]
Initial Cost
Initial Cost, Land			2,400
Initial Cost, Building and Improvements			0
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			69
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			2,469
Gross Amount at which Carried at End of Period, Building and Improvements			0
Gross Amount at which Carried at End of Period, Total	$ 2,469		2,469
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 2,469
Harbor Point (undeveloped land) [Member]
Gross Amount at which Carried at End of Period
Encumbrances			553
Accumulated Depreciation			0
Date Acquired	Nov. 21, 2014
Harbor Point (undeveloped land) [Member] | Mortgages [Member] | Revere Loan [Member]
Gross Amount at which Carried at End of Period
Mortgage note			6,800
DF I-Berkley [Member]
Initial Cost
Initial Cost, Land			250
Initial Cost, Building and Improvements			0
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			0
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			250
Gross Amount at which Carried at End of Period, Building and Improvements			0
Gross Amount at which Carried at End of Period, Total	$ 250		250
Accumulated Depreciation			0
Date Acquired	Dec. 1, 2014
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 250
DF I-Berkley [Member] | Mortgages [Member] | Revere Loan [Member]
Gross Amount at which Carried at End of Period
Mortgage note			6,800
Laskin Road [Member]
Initial Cost
Initial Cost, Land			1,644
Initial Cost, Building and Improvements			0
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			209
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			1,649
Gross Amount at which Carried at End of Period, Building and Improvements			204
Gross Amount at which Carried at End of Period, Total	$ 1,853		1,853
Accumulated Depreciation			0
Date Acquired	Jan. 9, 2015
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 1,853
Laskin Road [Member] | Mortgages [Member] | Revere Loan [Member]
Gross Amount at which Carried at End of Period
Mortgage note			6,800
Pierpont Centre [Member]
Initial Cost
Initial Cost, Land			484
Initial Cost, Building and Improvements			9,221
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			10
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			484
Gross Amount at which Carried at End of Period, Building and Improvements			9,231
Gross Amount at which Carried at End of Period, Total	$ 9,715		9,715
Encumbrances			8,113
Accumulated Depreciation			900
Date Acquired	Jan. 14, 2015
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 9,715
Pierpont Centre [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Pierpont Centre [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Brook Run Properties [Member]
Initial Cost
Initial Cost, Land			300
Initial Cost, Building and Improvements			0
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			8
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			300
Gross Amount at which Carried at End of Period, Building and Improvements			8
Gross Amount at which Carried at End of Period, Total	$ 308		308
Accumulated Depreciation			0
Date Acquired	Mar. 27, 2015
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 308
Brook Run Properties [Member] | Mortgages [Member] | Revere Loan [Member]
Gross Amount at which Carried at End of Period
Mortgage note			6,800
Alex City Marketplace [Member]
Initial Cost
Initial Cost, Land			454
Initial Cost, Building and Improvements			7,837
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			726
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			454
Gross Amount at which Carried at End of Period, Building and Improvements			8,563
Gross Amount at which Carried at End of Period, Total	$ 9,017		9,017
Encumbrances			5,750
Accumulated Depreciation			721
Date Acquired	Apr. 1, 2015
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 9,017
Alex City Marketplace [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Alex City Marketplace [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Butler Square [Member]
Initial Cost
Initial Cost, Land			1,024
Initial Cost, Building and Improvements			6,401
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			32
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			1,024
Gross Amount at which Carried at End of Period, Building and Improvements			6,433
Gross Amount at which Carried at End of Period, Total	$ 7,457		7,457
Encumbrances			5,640
Accumulated Depreciation			503
Date Acquired	Apr. 15, 2015
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 7,457
Butler Square [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Butler Square [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Brook Run Shopping Center [Member]
Initial Cost
Initial Cost, Land			2,209
Initial Cost, Building and Improvements			12,919
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			475
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			2,209
Gross Amount at which Carried at End of Period, Building and Improvements			13,394
Gross Amount at which Carried at End of Period, Total	$ 15,603		15,603
Encumbrances			10,950
Accumulated Depreciation			1,937
Date Acquired	Jun. 2, 2015
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 15,603
Brook Run Shopping Center [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Brook Run Shopping Center [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Beaver Ruin Village [Member]
Initial Cost
Initial Cost, Land			2,604
Initial Cost, Building and Improvements			8,284
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			3
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			2,604
Gross Amount at which Carried at End of Period, Building and Improvements			8,287
Gross Amount at which Carried at End of Period, Total	$ 10,891		10,891
Accumulated Depreciation			643
Date Acquired	Jul. 1, 2015
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 10,891
Beaver Ruin Village [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			9,400
Beaver Ruin Village [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Beaver Ruin Village [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Beaver Ruin Village II [Member]
Initial Cost
Initial Cost, Land			1,153
Initial Cost, Building and Improvements			2,809
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			5
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			1,153
Gross Amount at which Carried at End of Period, Building and Improvements			2,814
Gross Amount at which Carried at End of Period, Total	$ 3,967		3,967
Accumulated Depreciation			202
Date Acquired	Jul. 1, 2015
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 3,967
Beaver Ruin Village II [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			9,400
Beaver Ruin Village II [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Beaver Ruin Village II [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Columbia Fire Station [Member]
Initial Cost
Initial Cost, Land			2,305
Initial Cost, Building and Improvements			0
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			4,334
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			2,305
Gross Amount at which Carried at End of Period, Building and Improvements			4,334
Gross Amount at which Carried at End of Period, Total	$ 6,639		6,639
Encumbrances			3,421
Accumulated Depreciation			0
Date Acquired	Jul. 1, 2015
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 6,639
Columbia Fire Station [Member] | Mortgages [Member] | Revere Loan [Member]
Gross Amount at which Carried at End of Period
Mortgage note			6,800
Chesapeake Square [Member]
Initial Cost
Initial Cost, Land			895
Initial Cost, Building and Improvements			4,112
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			638
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			1,219
Gross Amount at which Carried at End of Period, Building and Improvements			4,426
Gross Amount at which Carried at End of Period, Total	$ 5,645		5,645
Encumbrances			4,507
Accumulated Depreciation			485
Date Acquired	Jul. 10, 2015
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 5,645
Chesapeake Square [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Chesapeake Square [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Sunshine Plaza [Member]
Initial Cost
Initial Cost, Land			1,183
Initial Cost, Building and Improvements			6,368
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			16
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			1,183
Gross Amount at which Carried at End of Period, Building and Improvements			6,384
Gross Amount at which Carried at End of Period, Total	$ 7,567		7,567
Encumbrances			5,900
Accumulated Depreciation			494
Date Acquired	Jul. 21, 2015
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 7,567
Sunshine Plaza [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Sunshine Plaza [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Barnett Portfolio [Member]
Initial Cost
Initial Cost, Land			3,107
Initial Cost, Building and Improvements			8,912
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			141
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			3,193
Gross Amount at which Carried at End of Period, Building and Improvements			8,967
Gross Amount at which Carried at End of Period, Total	$ 12,160		12,160
Encumbrances			8,770
Accumulated Depreciation			766
Date Acquired	Aug. 21, 2015
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 12,160
Barnett Portfolio [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Barnett Portfolio [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Grove Park Shopping Center [Member]
Initial Cost
Initial Cost, Land			722
Initial Cost, Building and Improvements			4,590
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			0
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			722
Gross Amount at which Carried at End of Period, Building and Improvements			4,590
Gross Amount at which Carried at End of Period, Total	$ 5,312		5,312
Encumbrances			3,800
Accumulated Depreciation			424
Date Acquired	Sep. 9, 2015
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 5,312
Grove Park Shopping Center [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Grove Park Shopping Center [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Parkway Plaza Shopping Center [Member]
Initial Cost
Initial Cost, Land			772
Initial Cost, Building and Improvements			4,230
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			14
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			772
Gross Amount at which Carried at End of Period, Building and Improvements			4,244
Gross Amount at which Carried at End of Period, Total	$ 5,016		5,016
Encumbrances			3,500
Accumulated Depreciation			312
Date Acquired	Sep. 15, 2015
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 5,016
Parkway Plaza Shopping Center [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Parkway Plaza Shopping Center [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Ft. Howard Square [Member]
Initial Cost
Initial Cost, Land			1,890
Initial Cost, Building and Improvements			7,350
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			19
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			1,890
Gross Amount at which Carried at End of Period, Building and Improvements			7,369
Gross Amount at which Carried at End of Period, Total	$ 9,259		9,259
Encumbrances			7,100
Accumulated Depreciation			519
Date Acquired	Sep. 30, 2015
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 9,259
Ft. Howard Square [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Ft. Howard Square [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Conyers Crossing [Member]
Initial Cost
Initial Cost, Land			2,101
Initial Cost, Building and Improvements			6,820
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			0
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			2,101
Gross Amount at which Carried at End of Period, Building and Improvements			6,820
Gross Amount at which Carried at End of Period, Total	$ 8,921		8,921
Encumbrances			5,960
Accumulated Depreciation			622
Date Acquired	Sep. 30, 2015
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 8,921
Conyers Crossing [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Conyers Crossing [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
LBP Milltown [Member]
Initial Cost
Initial Cost, Land			0
Initial Cost, Building and Improvements			0
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			196
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			0
Gross Amount at which Carried at End of Period, Building and Improvements			196
Gross Amount at which Carried at End of Period, Total	$ 196		196
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	196
LBP Vauxhall [Member]
Initial Cost
Initial Cost, Land			0
Initial Cost, Building and Improvements			0
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			1
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			0
Gross Amount at which Carried at End of Period, Building and Improvements			1
Gross Amount at which Carried at End of Period, Total	1		1
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	1
McPherson [Member]
Initial Cost
Initial Cost, Land			0
Initial Cost, Building and Improvements			0
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			7
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			0
Gross Amount at which Carried at End of Period, Building and Improvements			7
Gross Amount at which Carried at End of Period, Total	7		7
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	7
Darien Shopping Center [Member]
Initial Cost
Initial Cost, Land			188
Initial Cost, Building and Improvements			1,054
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			1
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			188
Gross Amount at which Carried at End of Period, Building and Improvements			1,055
Gross Amount at which Carried at End of Period, Total	$ 1,243		1,243
Accumulated Depreciation			57
Date Acquired	Apr. 12, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 1,243
Darien Shopping Center [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			52,500
Darien Shopping Center [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Darien Shopping Center [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Devine Street [Member]
Initial Cost
Initial Cost, Land			365
Initial Cost, Building and Improvements			1,941
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			0
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			365
Gross Amount at which Carried at End of Period, Building and Improvements			1,941
Gross Amount at which Carried at End of Period, Total	$ 2,306		2,306
Accumulated Depreciation			95
Date Acquired	Apr. 12, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 2,306
Devine Street [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			52,500
Devine Street [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Devine Street [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Folly Road [Member]
Initial Cost
Initial Cost, Land			5,992
Initial Cost, Building and Improvements			4,527
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			180
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			5,992
Gross Amount at which Carried at End of Period, Building and Improvements			4,707
Gross Amount at which Carried at End of Period, Total	$ 10,699		10,699
Encumbrances			6,181
Accumulated Depreciation			228
Date Acquired	Apr. 12, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 10,699
Folly Road [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Folly Road [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Georgetown [Member]
Initial Cost
Initial Cost, Land			742
Initial Cost, Building and Improvements			1,917
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			0
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			742
Gross Amount at which Carried at End of Period, Building and Improvements			1,917
Gross Amount at which Carried at End of Period, Total	$ 2,659		2,659
Accumulated Depreciation			99
Date Acquired	Apr. 12, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 2,659
Georgetown [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			52,500
Georgetown [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Georgetown [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Ladson Crossing [Member]
Initial Cost
Initial Cost, Land			2,981
Initial Cost, Building and Improvements			3,920
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			38
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			2,981
Gross Amount at which Carried at End of Period, Building and Improvements			3,958
Gross Amount at which Carried at End of Period, Total	$ 6,939		6,939
Accumulated Depreciation			221
Date Acquired	Apr. 12, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 6,939
Ladson Crossing [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			52,500
Ladson Crossing [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Ladson Crossing [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Lake Greenwood Crossing [Member]
Initial Cost
Initial Cost, Land			550
Initial Cost, Building and Improvements			2,499
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			0
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			550
Gross Amount at which Carried at End of Period, Building and Improvements			2,499
Gross Amount at which Carried at End of Period, Total	$ 3,049		3,049
Accumulated Depreciation			128
Date Acquired	Apr. 12, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 3,049
Lake Greenwood Crossing [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			52,500
Lake Greenwood Crossing [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Lake Greenwood Crossing [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Lake Murray [Member]
Initial Cost
Initial Cost, Land			447
Initial Cost, Building and Improvements			1,537
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			0
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			447
Gross Amount at which Carried at End of Period, Building and Improvements			1,537
Gross Amount at which Carried at End of Period, Total	$ 1,984		1,984
Accumulated Depreciation			104
Date Acquired	Apr. 12, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 1,984
Lake Murray [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			52,500
Lake Murray [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Lake Murray [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Litchfield I [Member]
Initial Cost
Initial Cost, Land			568
Initial Cost, Building and Improvements			929
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			0
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			568
Gross Amount at which Carried at End of Period, Building and Improvements			929
Gross Amount at which Carried at End of Period, Total	$ 1,497		1,497
Accumulated Depreciation			59
Date Acquired	Apr. 12, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 1,497
Litchfield I [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			52,500
Litchfield I [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Litchfield I [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Litchfield II [Member]
Initial Cost
Initial Cost, Land			568
Initial Cost, Building and Improvements			936
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			0
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			568
Gross Amount at which Carried at End of Period, Building and Improvements			936
Gross Amount at which Carried at End of Period, Total	$ 1,504		1,504
Accumulated Depreciation			67
Date Acquired	Apr. 12, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 1,504
Litchfield II [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			52,500
Litchfield II [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Litchfield II [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Litchfield Market Village [Member]
Initial Cost
Initial Cost, Land			2,970
Initial Cost, Building and Improvements			4,716
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			0
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			2,970
Gross Amount at which Carried at End of Period, Building and Improvements			4,716
Gross Amount at which Carried at End of Period, Total	$ 7,686		7,686
Accumulated Depreciation			266
Date Acquired	Apr. 12, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 7,686
Litchfield Market Village [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			52,500
Litchfield Market Village [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Litchfield Market Village [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Moncks Corner [Member]
Initial Cost
Initial Cost, Land			0
Initial Cost, Building and Improvements			1,109
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			0
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			0
Gross Amount at which Carried at End of Period, Building and Improvements			1,109
Gross Amount at which Carried at End of Period, Total	$ 1,109		1,109
Accumulated Depreciation			60
Date Acquired	Apr. 12, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 1,109
Moncks Corner [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			52,500
Moncks Corner [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Moncks Corner [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Ridgeland [Member]
Initial Cost
Initial Cost, Land			203
Initial Cost, Building and Improvements			376
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			0
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			203
Gross Amount at which Carried at End of Period, Building and Improvements			376
Gross Amount at which Carried at End of Period, Total	$ 579		579
Accumulated Depreciation			24
Date Acquired	Apr. 12, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 579
Ridgeland [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			52,500
Ridgeland [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Ridgeland [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Shoppes at Myrtle Park [Member]
Initial Cost
Initial Cost, Land			3,182
Initial Cost, Building and Improvements			5,360
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			11
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			3,182
Gross Amount at which Carried at End of Period, Building and Improvements			5,371
Gross Amount at which Carried at End of Period, Total	$ 8,553		8,553
Accumulated Depreciation			290
Date Acquired	Apr. 12, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 8,553
Shoppes at Myrtle Park [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			52,500
Shoppes at Myrtle Park [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Shoppes at Myrtle Park [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
South Lake [Member]
Initial Cost
Initial Cost, Land			804
Initial Cost, Building and Improvements			2,025
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			0
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			804
Gross Amount at which Carried at End of Period, Building and Improvements			2,025
Gross Amount at which Carried at End of Period, Total	$ 2,829		2,829
Accumulated Depreciation			132
Date Acquired	Apr. 12, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 2,829
South Lake [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			52,500
South Lake [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
South Lake [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
South Park [Member]
Initial Cost
Initial Cost, Land			943
Initial Cost, Building and Improvements			2,967
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			5
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			943
Gross Amount at which Carried at End of Period, Building and Improvements			2,972
Gross Amount at which Carried at End of Period, Total	$ 3,915		3,915
Accumulated Depreciation			154
Date Acquired	Apr. 12, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 3,915
South Park [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			52,500
South Park [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
South Park [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
St. Matthews [Member]
Initial Cost
Initial Cost, Land			338
Initial Cost, Building and Improvements			1,941
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			5
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			338
Gross Amount at which Carried at End of Period, Building and Improvements			1,946
Gross Amount at which Carried at End of Period, Total	$ 2,284		2,284
Accumulated Depreciation			99
Date Acquired	Apr. 12, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 2,284
St. Matthews [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			52,500
St. Matthews [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
St. Matthews [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Berkley [Member]
Initial Cost
Initial Cost, Land			1,005
Initial Cost, Building and Improvements			2,865
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			(9)
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			1,005
Gross Amount at which Carried at End of Period, Building and Improvements			2,856
Gross Amount at which Carried at End of Period, Total	$ 3,861		3,861
Accumulated Depreciation			115
Date Acquired	Nov. 10, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 3,861
Berkley [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			9,400
Berkley [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Berkley [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Sangaree [Member]
Initial Cost
Initial Cost, Land			2,302
Initial Cost, Building and Improvements			2,922
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			236
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			2,503
Gross Amount at which Carried at End of Period, Building and Improvements			2,957
Gross Amount at which Carried at End of Period, Total	$ 5,460		5,460
Accumulated Depreciation			172
Date Acquired	Nov. 10, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 5,460
Sangaree [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			9,400
Sangaree [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Sangaree [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Tri-county [Member]
Initial Cost
Initial Cost, Land			411
Initial Cost, Building and Improvements			3,421
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			141
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			552
Gross Amount at which Carried at End of Period, Building and Improvements			3,421
Gross Amount at which Carried at End of Period, Total	$ 3,973		3,973
Accumulated Depreciation			178
Date Acquired	Nov. 10, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 3,973
Tri-county [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			9,400
Tri-county [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Tri-county [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Riverbridge [Member]
Initial Cost
Initial Cost, Land			774
Initial Cost, Building and Improvements			5,384
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			58
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			832
Gross Amount at which Carried at End of Period, Building and Improvements			5,384
Gross Amount at which Carried at End of Period, Total	$ 6,216		6,216
Encumbrances			4,000
Accumulated Depreciation			209
Date Acquired	Nov. 15, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 6,216
Riverbridge [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Riverbridge [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Laburnum Square [Member]
Initial Cost
Initial Cost, Land			3,736
Initial Cost, Building and Improvements			5,928
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			50
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			3,734
Gross Amount at which Carried at End of Period, Building and Improvements			5,980
Gross Amount at which Carried at End of Period, Total	$ 9,714		9,714
Accumulated Depreciation			205
Date Acquired	Dec. 7, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 9,714
Laburnum Square [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			52,500
Laburnum Square [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Laburnum Square [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Franklin Village [Member]
Initial Cost
Initial Cost, Land			2,608
Initial Cost, Building and Improvements			9,426
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			0
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			2,608
Gross Amount at which Carried at End of Period, Building and Improvements			9,426
Gross Amount at which Carried at End of Period, Total	$ 12,034		12,034
Encumbrances			8,516
Accumulated Depreciation			303
Date Acquired	Dec. 12, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 12,034
Franklin Village [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Franklin Village [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Village at Martinsville [Member]
Initial Cost
Initial Cost, Land			5,208
Initial Cost, Building and Improvements			12,879
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			3
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			5,208
Gross Amount at which Carried at End of Period, Building and Improvements			12,882
Gross Amount at which Carried at End of Period, Total	$ 18,090		18,090
Accumulated Depreciation			444
Date Acquired	Dec. 16, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 18,090
Village at Martinsville [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			52,500
Village at Martinsville [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Village at Martinsville [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
New Market [Member]
Initial Cost
Initial Cost, Land			993
Initial Cost, Building and Improvements			5,216
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			16
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			993
Gross Amount at which Carried at End of Period, Building and Improvements			5,232
Gross Amount at which Carried at End of Period, Total	$ 6,225		6,225
Accumulated Depreciation			170
Date Acquired	Dec. 20, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 6,225
New Market [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			52,500
New Market [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
New Market [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Rivergate Shopping Center [Member]
Initial Cost
Initial Cost, Land			1,570
Initial Cost, Building and Improvements			30,694
Costs Capitalized Subsequent to Acquisition
Costs Capitalized Subsequent to Acquisitions, Improvements (net)			10
Costs Capitalized Subsequent to Acquisitions, Carrying Costs			0
Gross Amount at which Carried at End of Period
Gross Amount at which Carried at End of Period, Land			1,570
Gross Amount at which Carried at End of Period, Building and Improvements			30,704
Gross Amount at which Carried at End of Period, Total	$ 32,274		32,274
Encumbrances			22,689
Accumulated Depreciation			928
Date Acquired	Dec. 21, 2016
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of period	$ 32,274
Rivergate Shopping Center [Member] | Minimum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	5 years
Rivergate Shopping Center [Member] | Maximum [Member]
Gross Amount at which Carried at End of Period
Depreciation Life	40 years
Legacy Assets-Sangaree, Tri-County, Berkley [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			9,400
Beaver Village I and II [Member] | Mortgages [Member]
Gross Amount at which Carried at End of Period
Mortgage note			$ 9,400