Inland Real Estate Income Trust (INRE) 10-K 16 Mar 22 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Mar. 15, 2022	Jun. 30, 2021
Cover [Abstract]
Entity Registrant Name	Inland Real Estate Income Trust, Inc.
Entity Central Index Key	0001528985
Document Type	10-K
Document Period End Date	Dec. 31, 2021
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		36,079,247
Entity Public Float			$ 0
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Entity Interactive Data Current	Yes
Entity File Number	000-55146
Entity Tax Identification Number	45-3079597
Entity Address, Address Line One	2901 Butterfield Road
Entity Address, City or Town	Oak Brook
Entity Address, State or Province	IL
Entity Address, Country	US
Entity Incorporation, State or Country Code	MD
Entity Address, Postal Zip Code	60523
City Area Code	630
Local Phone Number	218-8000
Title of 12(g) Security	Common Stock, $0.001 par value per share
Trading Symbol	ck1528985
Document Annual Report	true
Document Transition Report	false
Auditor Name	KPMG LLP
Auditor Location	Chicago, IL
Auditor Firm ID	185
Documents Incorporated by Reference

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Investment properties held and used:
Land	$ 267,946	$ 267,946
Building and other improvements	993,129	987,181
Total	1,261,075	1,255,127
Less accumulated depreciation	(245,532)	(207,764)
Net investment properties held and used	1,015,543	1,047,363
Cash and cash equivalents	8,229	12,906
Restricted cash	5,154	1,079
Accounts and rent receivable	18,560	21,851
Acquired lease intangible assets, net	58,203	71,539
Operating lease right-of-use asset, net	14,570	15,013
Other assets	6,448	6,299
Total assets	1,126,707	1,176,050
Liabilities:
Mortgages and credit facility payable, net	595,542	628,718
Accounts payable and accrued expenses	9,089	8,977
Operating lease liability	24,396	24,035
Distributions payable	4,888
Acquired intangible liabilities, net	37,918	41,658
Due to related parties	2,537	5,348
Other liabilities	14,414	23,355
Total liabilities	688,784	732,091
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $.001 par value, 40,000,000 shares authorized, none outstanding
Common stock, $.001 par value, 1,460,000,000 shares authorized, 36,040,928 and 36,022,368 shares issued and outstanding as of December 31, 2021 and 2020, respectively	36	36
Additional paid in capital	811,233	810,210
Accumulated distributions and net loss	(365,877)	(348,719)
Accumulated other comprehensive loss	(7,469)	(17,568)
Total stockholders’ equity	437,923	443,959
Total liabilities and stockholders’ equity	$ 1,126,707	$ 1,176,050

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Statement Of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	40,000,000	40,000,000
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	1,460,000,000	1,460,000,000
Common stock, shares issued	36,040,928	36,022,368
Common stock, shares outstanding	36,040,928	36,022,368

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income:
Rental income	$ 118,957,000	$ 115,527,000	$ 128,654,000
Other property income	183,000	162,000	254,000
Total income	119,140,000	115,689,000	128,908,000
Cost and Expenses:
Property operating expenses	21,649,000	19,416,000	23,083,000
Real estate tax expense	14,388,000	14,505,000	15,869,000
General and administrative expenses	4,784,000	5,206,000	5,040,000
Business management fee	8,950,000	8,924,000	9,342,000
Provision for asset impairment	0	0	4,420,000
Depreciation and amortization	48,906,000	52,834,000	57,691,000
Total expenses	98,677,000	100,885,000	115,445,000
Other Income (Expense):
Interest expense	(23,240,000)	(25,349,000)	(28,305,000)
Gain on sale of investment properties			3,279,000
Interest and other income	274,000	157,000	143,000
Net loss	$ (2,503,000)	$ (10,388,000)	$ (11,420,000)
Net loss per common share, basic and diluted	$ (0.07)	$ (0.29)	$ (0.32)
Weighted average number of common shares outstanding, basic and diluted	36,031,088	36,021,040	35,748,672
Comprehensive income (loss):
Net loss	$ (2,503,000)	$ (10,388,000)	$ (11,420,000)
Unrealized gain (loss) on derivatives	2,445,000	(16,497,000)	(11,513,000)
Reclassification adjustment for amounts included in net loss	7,654,000	5,837,000	(888,000)
Comprehensive income (loss)	$ 7,596,000	$ (21,048,000)	$ (23,821,000)

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment [Member]	Common Stock [Member]	Additional Paid In Capital [Member]	Accumulated Distributions and Net Loss [Member]	Accumulated Distributions and Net Loss [Member]Cumulative Effect, Period of Adoption, Adjustment [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Other Comprehensive Income (Loss) [Member]Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at Dec. 31, 2018	$ 517,078		$ 35	$ 795,409	$ (283,859)		$ 5,493
Balance (ASU 2017-12 [Member]) at Dec. 31, 2018						$ 134		$ (134)
Balance (ASU 2016-02 [Member]) at Dec. 31, 2018		$ (24)				$ (24)
Balance, shares at Dec. 31, 2018			35,343,256
Distributions declared	(43,162)				(43,162)
Proceeds from distribution reinvestment plan	19,642		$ 1	19,641
Proceeds from distribution reinvestment plan, shares			949,012
Shares repurchased	(9,381)			(9,381)
Shares repurchased, shares			(494,435)
Unrealized gain (loss) on derivatives	(11,513)						(11,513)
Reclassification adjustment for amounts included in net loss	(754)						(754)
Equity based compensation	53			53
Equity based compensation, shares			1,555
Net loss	(11,420)				(11,420)
Balance at Dec. 31, 2019	460,519		$ 36	805,722	(338,331)		(6,908)
Balance, shares at Dec. 31, 2019			35,799,388
Distributions declared	(8,173)				(8,173)
Proceeds from distribution reinvestment plan	4,547			4,547
Proceeds from distribution reinvestment plan, shares			225,940
Shares repurchased	(127)			(127)
Shares repurchased, shares			(6,730)
Unrealized gain (loss) on derivatives	(16,497)						(16,497)
Reclassification adjustment for amounts included in net loss	5,837						5,837
Equity based compensation	68			68
Equity based compensation, shares			3,770
Net loss	(10,388)				(10,388)
Balance at Dec. 31, 2020	$ 443,959		$ 36	810,210	(348,719)		(17,568)
Balance, shares at Dec. 31, 2020	36,022,368		36,022,368
Rescission of Q1 2020 distribution (see Note 8)	$ 8,173				8,173
Distributions declared	(14,655)				(14,655)
Proceeds from distribution reinvestment plan	3,749			3,749
Proceeds from distribution reinvestment plan, shares			207,373
Shares repurchased	(2,777)			(2,777)
Shares repurchased, shares			(192,023)
Unrealized gain (loss) on derivatives	2,445						2,445
Reclassification adjustment for amounts included in net loss	7,654						7,654
Equity based compensation	51			51
Equity based compensation, shares			3,210
Net loss	(2,503)				(2,503)
Balance at Dec. 31, 2021	$ 437,923		$ 36	$ 811,233	$ (365,877)		$ (7,469)
Balance, shares at Dec. 31, 2021	36,040,928		36,040,928

CONSOLIDATED STATEMENTS OF EQ_2

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement Of Stockholders Equity [Abstract]
Distributions declared per share	$ 0.406800	$ 0.226875	$ 1.2072

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net loss	$ (2,503)	$ (10,388)	$ (11,420)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	48,906	52,834	57,691
Gain on sale of investment properties			(3,279)
Provision for asset impairment			4,420
Amortization of debt issuance costs and mortgage premiums, net	898	614	604
Amortization of acquired market leases, net	(773)	(2,073)	(1,405)
Amortization of equity based compensation	51	68	53
Reduction in the carrying amount of the right-of-use asset	443	465	485
Straight-line income, net	(442)	(1,769)	(1,644)
Other non-cash adjustments	103	55	36
Changes in assets and liabilities:
Accounts payable and accrued expenses	112	328	(196)
Accounts and rent receivable	3,733	(2,158)	(672)
Other assets	(983)	(1,067)	(1,671)
Due to related parties	(2,807)	339	2,408
Operating lease liability	361	339	319
Other liabilities	1,051	(447)	1,034
Net cash flows provided by operating activities	48,150	37,140	46,763
Cash flows from investing activities:
Proceeds from sale of investment properties		37,255	14,872
Capital expenditures	(5,883)	(4,021)	(10,012)
Net cash flows (used in) provided by investing activities	(5,883)	33,234	4,860
Cash flows from financing activities:
Payment of credit facility	(8,097)	(83,022)	(25,001)
Proceeds from credit facility	72,097	31,000	7,500
Payment of mortgages payable	(98,074)	(928)	(7,660)
Proceeds from the distribution reinvestment plan	3,749	4,547	19,642
Shares repurchased	(2,777)	(2,405)	(12,566)
Distributions paid	(9,767)	(10,841)	(44,245)
Payment of debt issuance costs		(273)
Net cash flows used in financing activities	(42,869)	(61,922)	(62,330)
Net (decrease) increase in cash, cash equivalents and restricted cash	(602)	8,452	(10,707)
Cash, cash equivalents and restricted cash, at beginning of the year	13,985	5,533	16,240
Cash, cash equivalents and restricted cash, at end of the year	13,383	13,985	5,533
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amounts capitalized	22,456	24,651	27,749
Supplemental schedule of non-cash investing and financing activities:
Establishment of operating lease right-of-use asset			15,963
Establishment of operating lease liability			23,377
Accrued capital expenditures	$ 199	$ 96	727
Accrued SRP			$ 2,278

Organization

Organization	12 Months Ended
	Dec. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization	NOTE 1 – ORGANIZATION Inland Real Estate Income Trust, Inc. (the “Company”) was formed on August 24, 2011 to acquire and manage a portfolio of commercial real estate investments located in the United States. The Company is primarily focused on acquiring retail properties and targets a portfolio substantially all of would be comprised of grocery-anchored properties The Company has no employees. The Company is managed by IREIT Business Manager & Advisor, Inc. (the “Business Manager”), an indirect wholly owned subsidiary of Inland Real Estate Investment Corporation (the “Sponsor”), pursuant to a Business Management Agreement with the Business Manager. On February 11, 2019, the Company’s board of directors approved a strategic plan (the “Strategic Plan”) with the goals of providing future liquidity to investors and creating long-term stockholder value. The Strategic Plan centers around owning a portfolio substantially all of which would be comprised of grocery-anchored properties with lower exposure to big box retailers. As part of this strategy, the Company’s management team and board have completed the sale of In connection with the Strategic Plan, the Company’s share repurchase program (as amended, the “SRP”) was amended and restated, effective March 21, 2019, and the Business Management Agreement with the Business Manager was amended and restated on February 11, 2019 to, among other things, eliminate all future acquisition and disposition fees. On March 3, 2020, the Company’s SRP was amended and restated (the “Third A&R SRP”), which became effective on April 10, 2020, as further described below in . On March 4, 2022, as reported in the Company’s Form 8-K filed with the Securities and Exchange Commission on the same date and the Company’s Form 8-K/A filed on March 7, 2022, the Company announced that the Company’s board of directors unanimously approved: (i) an estimated per share net asset value (the “Estimated Per Share NAV”) as of December 31, 2021; (ii) the same per share purchase price for shares issued under the Company’s distribution reinvestment plan (as amended, the “DRP”) beginning with the first distribution payment to stockholders upon resumption of distributions and the DRP until the Company announces a new Estimated Per Share NAV, and (iii) that, in accordance with the SRP, beginning with repurchases in April 2022 and until the Company announces a new Estimated Per Share NAV, any shares accepted for ordinary repurchases and “exceptional repurchases” will be repurchased at 80% of the Estimated Per Share NAV. Due to the uncertainty surrounding the COVID-19 pandemic and the need to preserve cash for the payment of operating and other expenses, such as debt payments, the Company’s board of directors had suspended distributions, rescinded the first quarter distribution that was previously declared and suspended the Company’s DRP and SRP until further notice. The suspension of the DRP was effective on June 6, 2020 and the suspension of the SRP was effective on June 26, 2020. On June 29, 2021, the Company announced the reinstatement, and lifting of the suspension, of its DRP. The effective date of the DRP reinstatement was July 22, 2021. The Company also announced the reinstatement and lifting of the suspension of its SRP and its adoption of the fourth amendment and restatement of the SRP, with the first repurchase having occurred on August 16, 2021. See Note 3 – “Equity” for additional details. At December 31, 2021, the Company owned 44 retail properties, totaling 6,481,262 square feet. The properties are located in 21 states. At December 31, 2021, the portfolio had a weighted average physical occupancy of 93.4% and economic occupancy of 93.9%.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES General The consolidated financial statements have been prepared in accordance with U.S. GAAP and require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. In the opinion of management, all adjustments necessary for a fair statement, in all material respects, of the financial position and results of operations for the periods are presented. Actual results could differ from those estimates. Information with respect to square footage and occupancy is unaudited. Significant Risks and Uncertainties related to COVID-19 Pandemic Currently, one of the most significant risks and uncertainties is the potential further adverse effect of the current pandemic of the novel coronavirus, or COVID-19. A number of our tenants had temporarily closed their stores during 2020 and requested rent deferral or rent abatement during this pandemic. The Company’s deferred rent balance is $399 at December 31, 2021, which is significantly lower than the deferred rent balance of $4,457 at December 31, 2020 due primarily to collections during the year ended December 31, 2021. However, the extent to which the COVID-19 pandemic further impacts the Company’s operations and those of our tenants will depend on future developments, including the impact of the Delta, Omicron or other variants of COVID-19 in the U.S. The impact cannot be predicted with confidence, including the scope, severity and duration of the pandemic’s variants, the actions taken to contain the pandemic’s variants or mitigate their impact, and the direct and indirect economic effects of the pandemic’s variants and containment measures, among others. Consolidation The consolidated financial statements include the accounts of the Company, as well as all wholly owned subsidiaries. Wholly owned subsidiaries generally consist of limited liability companies (“LLCs”). All intercompany balances and transactions have been eliminated in consolidation. Each property is owned by a separate legal entity which maintains its own books and financial records and each entity’s assets are not available to satisfy the liabilities of other affiliated entities. The fiscal year-end of the Company is December 31. Partially-Owned Entities The Company will consolidate the operations of a joint venture if the Company determines that it is either the primary beneficiary of a variable interest entity (VIE) or has substantial influence and control of the entity. In instances where the Company determines that it is not the primary beneficiary of a VIE or the Company does not control the joint venture but can exercise influence over the entity with respect to its operations and major decisions, the Company will use the equity method of accounting. Under the equity method, the operations of a joint venture will not be consolidated with the Company’s operations but instead its share of operations will be reflected as equity in earnings (loss) of unconsolidated entity on its consolidated statements of operations and comprehensive loss. Additionally, the Company’s net investment in the joint venture will be reflected as investment in unconsolidated entity on the consolidated balance sheets. Acquisitions Upon acquisition of real estate investment properties, the Company allocates the total purchase price of each property that is accounted for as an asset acquisition based on the relative fair value of the tangible and intangible assets acquired and liabilities assumed based on Level 3 inputs, such as comparable sales values, discount rates, capitalization rates, revenue and expense growth rates and lease-up assumptions, from a third party appraisal or other market sources. The acquisition date is the date on which the Company obtains control of the real estate investment property and transaction costs are capitalized. Assets and liabilities acquired typically include land, building and site improvements and identified intangible assets and liabilities, consisting of the value of above market and below market leases and the value of in-place leases. The portion of the purchase price allocated to above market lease values is included in acquired lease intangible assets, net and is amortized on a straight-line basis over the term of the related lease as a reduction to rental income. The portion allocated to below market lease values is included in acquired intangible liabilities, net and is amortized as an increase to rental income over the term of the lease including any renewal periods with fixed rate renewals. The portion of the purchase price allocated to acquired in-place lease value is included in acquired lease intangible assets, net and is amortized on a straight-line basis over the acquired leases’ weighted average remaining term. The Company determines the fair value of the tangible assets consisting of land and buildings by valuing the property as if it were vacant, and the “as-if-vacant” value is then allocated to land and buildings. The Company determines the fair value of assumed debt by calculating the net present value of the mortgage payments using interest rates for debt with similar terms and maturities. Differences between the fair value and the stated value is recorded as a discount or premium and amortized over the remaining term using the effective interest method. Certain of the Company’s properties included earnout components to the purchase price, meaning the Company did not pay a portion of the purchase price of the property at closing, although the Company owns the entire property. The Company is not obligated to settle the contingent portion of the purchase price unless space which was vacant at the time of acquisition is later leased by the seller within the time limits and parameters set forth in the related acquisition agreements. The Company’s policy is to record earnout components when estimable and probable. At December 31, 2021, there is no earnout liability outstanding. Impairment of Investment Properties The Company assesses the carrying values of its respective long-lived assets whenever events or changes in circumstances indicate that the carrying amounts of these assets may not be fully recoverable. Recoverability of the assets is measured by comparison of the carrying amount of the asset to the estimated future undiscounted cash flows. In order to review its assets for recoverability, the Company considers current market conditions, as well as its intent with respect to holding or disposing of the asset. If the Company’s analysis indicates that the carrying value of the long-lived asset is not recoverable on an undiscounted cash flow basis, the Company recognizes an impairment charge for the amount by which the carrying value exceeds the current estimated fair value of the real estate property. Fair value is determined through various valuation techniques, including discounted cash flow models, quoted market values and third party appraisals, where considered necessary (Level 3 inputs). The Company estimates the future undiscounted cash flows based on management’s intent as follows: (i) for real estate properties that the Company intends to hold long-term, including land held for development, properties currently under development and operating buildings, recoverability is assessed based on the estimated future net rental income from operating the property and termination value; and (ii) for real estate properties that the Company intends to sell, including land parcels, properties currently under development and operating buildings, recoverability is assessed based on estimated net proceeds, including net rental income during the holding period, from disposition that are estimated based on future net rental income of the property and utilizing expected market capitalization rates. The use of projected future cash flows is based on assumptions that are consistent with our estimates of future expectations and the strategic plan the Company uses to manage its underlying business. However, assumptions and estimates about future cash flows, including comparable sales values, discount rates, capitalization rates, revenue and expense growth rates and lease-up assumptions which impact the discounted cash flow approach to determining value are complex and subjective. Changes in economic and operating conditions and the Company’s ultimate investment intent that occur subsequent to the impairment analysis could impact these assumptions and result in future impairment charges of real estate properties. On a quarterly basis, management assesses whether there are any indicators that the carrying value of the Company’s investment in unconsolidated entities and notes receivable may be other than temporarily impaired as a loss in value that is other than a temporary decline is required to be recognized. Indicators include significant delays in construction, significant costs over budget and financial concerns. To the extent indicators suggest that a loss in value may have occurred, the Company will evaluate both quantitative and qualitative factors to determine if the loss in value is other than temporary. If a potential loss in value is determined to be other than temporary, the Company will recognize an impairment loss based on the estimated fair value of the investment. During the years ended December 31, 2021 and 2020, the Company did not record any impairment charges. During the year ended December 31, 2019, the Company recorded an impairment charge of $4,420 which is included in provision for asset impairment on the consolidated statement of operations and comprehensive loss. REIT Status The Company elected to be taxed as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended, for federal income tax purposes commencing with the tax year ended December 31, 2013. Commencing with such taxable year, the Company was organized and began operating in such a manner as to qualify for taxation as a REIT under the Internal Revenue Code and believes it has so qualified. As a result, the Company generally will not be subject to federal income tax on taxable income that is distributed to stockholders. A REIT is subject to a number of organizational and operational requirements, including a requirement that it currently distributes at least 90% of its REIT taxable income (subject to certain adjustments and excluding any net capital gain) to its stockholders. The Company will monitor the business and transactions that may potentially impact its REIT status. If the Company fails to qualify as a REIT in any taxable year, without the benefit of certain statutory relief provisions, the Company will be subject to tax as a “C corporation.” Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income, property or net worth and federal income and excise taxes. Any taxable REIT subsidiaries generally will be subject to federal income tax applicable to “C corporations.” Cash and Cash Equivalents The Company considers all demand deposits, money market accounts and all short-term investments with a maturity of three months or less, at the date of purchase, to be cash equivalents. The account balance may exceed the Federal Deposit Insurance Corporation (“FDIC”) insurance coverage and, as a result, there could be a concentration of credit risk related to amounts on deposit in excess of FDIC insurance coverage. The Company believes that the risk will not be significant, as the Company does not anticipate the financial institutions’ non-performance. Restricted Cash Amounts included in restricted cash represent those required to be set aside by lenders for real estate taxes, insurance, capital expenditures and tenant improvements on our existing properties. These amounts also include post close escrows for tenant improvements, leasing commissions, master lease, general repairs and maintenance, and are classified as restricted cash on the Company’s consolidated balance sheets. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the Company’s consolidated balance sheets to such amounts shown on the Company’s consolidated statements of cash flows: December 31, 2021 2020 Cash and cash equivalents $ 8,229 $ 12,906 Restricted cash 5,154 1,079 Total cash, cash equivalents, and restricted cash $ 13,383 $ 13,985 Accounts and Rents Receivable The Company takes into consideration certain factors that require judgments to be made as to the collectability of receivables. Collectability factors taken into consideration are the amounts outstanding and payment history of the tenant. The Company includes both billed and accrued charges in its evaluation of the collectability of a tenant’s receivable balance. For tenant receivables that the Company determines to be uncollectible, the Company records an offset for uncollectable tenant revenues directly to rental income. Capitalization and Depreciation Real estate properties held and used are recorded at cost less accumulated depreciation. Real estate properties held for sale are recorded at the lesser of their carrying value or fair value less selling costs. Improvement and betterment costs are capitalized, and ordinary repairs and maintenance are expensed as incurred. Real estate properties are classified as held for sale when the Company concludes that a sale is likely. Criteria that may be considered in this determination include obtaining a signed purchase and sale agreement, the completion and waiving of due diligence by the seller, and the receipt of non-refundable earnest money from the seller. Cost capitalization and the estimate of useful lives require judgment and include significant estimates that can and do change. Depreciation expense is computed using the straight-line method. The Company anticipates the estimated useful lives of its assets by class to be generally: Building and other improvements 30 years Site improvements 5-15 years Furniture, fixtures and equipment 5-15 years Tenant improvements Shorter of the life of the asset or the term of the related lease Leasing fees Term of the related lease Depreciation expense was $37,806, $37,495 and $39,304 for the years ended December 31, 2021, 2020 and 2019, respectively. Amortization of leasing fees were $731, $615, and $546 for the years ended December 31, 2021, 2020 and 2019, respectively. Debt Issuance Costs Debt issuance costs are amortized on a straight-line basis, which approximates the effective interest method, over the term, or anticipated repayment date, of the related agreements as a component of interest expense. These costs are reported as a direct deduction to the Company’s outstanding mortgages and credit facility payable. Fair Value Measurements The Company has estimated fair value using available market information and valuation methodologies the Company believes to be appropriate for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates and, accordingly, they are not necessarily indicative of amounts that would be realized upon disposition. The Company defines fair value based on the price that it believes would be received upon sale of an asset or the exit price that would be paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value. The fair value hierarchy consists of three broad levels, which are described below: Level 1 − Quoted prices in active markets for identical assets or liabilities that the entity has the ability to access. Level 2 − Observable inputs, other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 − Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The Company’s cash equivalents, accounts receivable and payables and accrued expenses all approximate fair value due to the short term nature of these financial instruments. The Company’s financial instruments measured on a recurring basis include derivative interest rate instruments. Derivatives The Company uses derivative instruments, such as interest rate swaps, primarily to manage exposure to interest rate risks inherent in variable rate debt. The Company may also enter into forward starting swaps or treasury lock agreements to set the effective interest rate on a planned fixed-rate financing. The Company’s interest rate swaps involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. In a forward starting swap or treasury lock agreement that the Company cash settles in anticipation of a fixed rate financing or refinancing, the Company will receive or pay an amount equal to the present value of future cash flow payments based on the difference between the contract rate and market rate on the settlement date. The Company does not use derivatives for trading or speculative purposes and currently does not have any derivatives that are not designated as hedging instruments under the accounting requirements for derivatives and hedging. Revenue Recognition The Company commences revenue recognition for its operating leases on the commencement date of the lease, which the Company considers is the date on which it makes the leased space available to the lessee. The determination of who is the owner, for accounting purposes, of the tenant improvements determines the nature of the leased asset. If the Company is the owner, for accounting purposes, of the tenant improvements, then the tenant improvements are capitalized and depreciated over the life of the lease. If the Company concludes it is not the owner, for accounting purposes, of the tenant improvements (the lessee is the owner), then the leased asset is the unimproved space and any tenant improvement allowances funded by the Company under the lease are treated as lease incentives which reduce revenue recognized over the term of the lease. The Company considers a number of different factors to evaluate whether it or the lessee is the owner of the tenant improvements for accounting purposes. Rental income is recognized on a straight-line basis over the term of each lease. The difference between rental income earned on a straight-line basis and the cash rent due under the provisions of the lease agreements is recorded as deferred rent receivable and is included as a component of accounts and rent receivable on the consolidated balance sheets. Due to the impact of the straight-line basis, rental income generally will be greater than the cash collected in the early years and will decrease in the later years of a lease. Reimbursements from tenants for recoverable real estate tax and operating expenses are accrued as revenue in the period the applicable expenses are incurred. The Company makes certain assumptions and judgments in estimating the reimbursements at the end of each reporting period. The Company does not expect the actual results to materially differ from the estimated reimbursement. The Company made the election for these reimbursements, which are non-lease components, to be combined with rental income. The Company records lease termination income if there is a signed termination agreement, all of the conditions of the agreement have been met and amounts due are considered collectible. Such termination fees are recognized on a straight-line basis over the remaining lease term in rental income. As a lessor, the Company defers the recognition of contingent rental income, such as percentage rent, until the specified target that triggered the contingent rental income is achieved. Equity-Based Compensation The Company has restricted shares and units outstanding at December 31, 2021 and 2020. The Company recognizes expense related to the fair value of equity-based compensation awards as general and administrative expense on the consolidated statements of operations and comprehensive loss. The Company primarily recognizes expense based on the fair value at the grant date on a straight-line basis over the vesting period representing the requisite service period and adjusts expense for forfeitures as they occur. See Note 7 – "Equity-Based Compensation" for further information. Recently Adopted Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848) In April 2020, the FASB issued a question-and-answer document (the “Lease Modification Q&A”) focused on the application of lease accounting guidance to lease concessions provided as a result of COVID-19. Under existing lease guidance, the Company would have to determine, on a lease by lease basis, if a lease concession was the result of a new arrangement reached with the tenant (treated with the lease modification accounting framework) or if a lease concession was under the enforceable rights and obligations within the existing lease agreement (precluded from applying the lease modification accounting framework). The Lease Modification Q&A grants relief to entities, allowing them an election to not evaluate whether lease-related relief that lessors provide to mitigate the economic effects of COVID-19 on lessees is a lease modification under Topic 842, Leases. An entity that makes this election can then elect whether to apply the modification guidance (i.e. assume the relief was always contemplated by the contract or assume the relief was not contemplated by the contract). Both lessees and lessors may make this election. The Company has elected to apply such relief and will avail itself of the election to avoid performing a lease by lease analysis.

Equity

Equity	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Equity	NOTE 3 – EQUITY The Company commenced an initial public “best efforts” offering (the “Offering”) on October 18, 2012, which concluded on October 16, 2015. The Company sold 33,534,022 shares of common stock generating gross proceeds of $834,399 from the Offering. On March 4, 2022, the Company’s board of directors determined an estimated per share NAV of the Company’s common stock as of December 31, 2021. The previously estimated per share NAV of the Company’s common stock as of December 31, 2020 was established on March 5, 2021. The Company provides the following programs to facilitate additional investment in the Company’s shares and to provide limited liquidity for stockholders. Distribution Reinvestment Plan On October 19, 2015, the Company registered 25,000,000 shares of common stock to be issued under its distribution reinvestment plan (“DRP”) pursuant to a registration statement on Form S-3D. The Company provides stockholders with the option to purchase additional shares from the Company by automatically reinvesting cash distributions through the DRP, subject to certain share ownership restrictions. The Company does not pay any selling commissions or a marketing contribution and due diligence expense allowance in connection with the DRP. Pursuant to the DRP, the price per share for shares of common stock purchased under the DRP is equal to the estimated value of a share, as determined by the Company’s board of directors and reported by the Company from time to time, until the shares become listed for trading, if a listing occurs, assuming that the DRP has not been terminated or suspended in connection with such listing. Distributions reinvested through the DRP were $3,749, $4,547 and $19,642 for the years ended December 31, 2021, 2020 and 2019, respectively. The DRP was suspended during a majority of 2020 and the first half of 2021 as discussed in Note 1 – “Organization.” Share Repurchase Program The Company adopted a share repurchase program (as amended, “SRP”) effective October 18, 2012, under which the Company is authorized to purchase shares from stockholders who purchased their shares from the Company or received their shares through a non-cash transfer and who have held their shares for at least one year. Purchases are in the Company’s sole discretion. In the case of repurchases made upon the death of a stockholder or qualifying disability (“Exceptional Repurchases”), as defined in the SRP, the one year holding period does not apply. The SRP was amended and restated effective January 1, 2018 to change the processing of repurchase requests from a monthly to a quarterly basis to align with the move to quarterly distributions. On February 11, 2019, the Company’s board of directors adopted a second amended and restated SRP, effective March 21, 2019. On March 3, 2020 the Company’s board of directors adopted the Third A&R SRP. Under the Third A&R SRP, the Company is authorized to make ordinary repurchases and Exceptional Repurchases at a price equal to 80.0% of the “share price,” which is defined in the Third A&R SRP as an amount equal to the lesser of: (A) $25, as adjusted under certain circumstances, including, among other things, if the applicable shares were purchased from the Company at a discounted price; or (B) the most recently disclosed estimated value per share. Prior to the amendment, the Company was authorized to make Exceptional Repurchases at a price equal to 100% of the “share price.” The Third A&R SRP provides the Company’s board of directors with the discretion to reduce the funding limit for share repurchases. The Third A&R SRP limits the dollar amount for any repurchases made by the Company each calendar quarter to an amount equal to a percentage determined in the sole discretion of the board on a quarterly basis that will not be less than 50% of the net proceeds from the DRP during the applicable quarter. As the Company’s board of directors has suspended the SRP, there is no current effective limit based on % of the net proceeds from the DRP. See Note 1 – “Organization” for further discussion on the suspension of the SRP. The Company continues to limit the number of shares repurchased during any calendar year to 5% of the number of shares outstanding on December 31st of the previous calendar year, as adjusted for any stock splits or other combinations. On June 29, 2021, the Company adopted the fourth amendment and restatement of the SRP. The effective date of the Fourth Amended and Restated Share Repurchase Program (the “Fourth SRP”) was August 12, 2021. Pursuant to the Fourth SRP, any written request for treatment as an Exceptional Repurchase due to the death or qualifying of an owner that occurred between June 1, 2019 and May 31, 2020 (inclusive) will be timely received by the Company no later than January 31, 2022, and any written request for treatment as an Exceptional Repurchase due to the death or qualifying disability of an owner that occurred between June 1, 2020 and July 31, 2021, (inclusive) will be timely received if received by the Company no later than July 31, 2022. If either or both of the repurchase limitations prevent the Company from repurchasing all of the shares offered for repurchase during a calendar quarter, the Company will repurchase shares, on a pro rata basis within each category below, in accordance with the repurchase limitations in the following order: (a) first, all Exceptional Repurchases and (b) second, all ordinary repurchases. The SRP will immediately terminate if the Company’s shares become listed for trading on a national securities exchange. Repurchases through the SRP were $2,777, $127 and $9,381 for the years ended December 31, 2021, 2020 and 2019, respectively. At December 31, 2021, the liability related to the SRP was $0. There was no liability related to the SRP at December 31, 2020 due to the suspension of the SRP. See Note 1 – “Organization” for further discussion on the suspension during 2020 and resumption during 2021 of the SRP.

Dispositions

Dispositions	12 Months Ended
	Dec. 31, 2021
Assets Of Disposal Group Including Discontinued Operation [Abstract]
Dispositions	NOTE 4 – DISPOSITIONS In connection with the Strategic Plan, the Company completed the sale of 12 properties during 2019, generating cash proceeds of $14,872. The Company recognized a gain of $3,279, reflected in gain on sale of investment properties on the consolidated statement of operations and comprehensive loss. The Company also had three additional properties that met the criteria to be classified as held for sale on the consolidated balance sheet at December 31, 2019. The criteria was met for these properties because, amongst other criteria, the Company had collected non-refundable earnest money from the seller. For these properties, an impairment charge of $4,420, reflected in provision for asset impairment on the consolidated statement of operations and comprehensive loss during the year ended December 31, 2019. The Company completed the sale of the three properties in January 2020, generating proceeds of $37,255 net of selling costs.

Acquired Intangible Assets and

Acquired Intangible Assets and Liabilities	12 Months Ended
	Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Acquired Intangible Assets and Liabilities	NOTE 5 – ACQUIRED INTANGIBLE ASSETS AND LIABILITIES The following table summarizes the Company’s identified intangible assets and liabilities as of December 31, 2021 and 2020: December 31, 2021 December 31, 2020 Intangible assets: Acquired in-place lease value $ 156,918 $ 156,918 Acquired above market lease value 45,742 45,742 Accumulated amortization (144,457 ) (131,121 ) Less: Assets related to investment properties held for sale — — Acquired lease intangibles, net $ 58,203 $ 71,539 Intangible liabilities: Acquired below market lease value $ 70,260 $ 70,260 Accumulated amortization (32,342 ) (28,602 ) Less: Liabilities related to investment properties held for sale — — Acquired below market lease intangibles, net $ 37,918 $ 41,658 The portion of the purchase price allocated to acquired above market lease value and acquired below market lease value is amortized on a straight-line basis over the term of the related lease as an adjustment to rental income. For below market lease values, the amortization period includes any renewal periods with fixed rate renewals. Prior to January 1, 2019, the acquired above market ground lease was amortized on a straight-line basis as an adjustment to property operating expense over the term of the lease and included renewal periods. At date of the adoption of ASC 842 on January 1, 2019, the remaining balance of the intangible related to the above market ground lease was derecognized as a cumulative-effect adjustment to establish the operating lease ROU asset. The portion of the purchase price allocated to acquired in-place lease value is amortized on a straight-line basis over the acquired leases’ weighted average remaining term. Amortization pertaining to acquired in-place lease value, above market ground lease, above market lease value and below market lease value is summarized below: Amortization recorded as amortization expense: 2021 2020 2019 Acquired in-place lease value $ 10,369 $ 14,724 $ 17,841 Amortization recorded as a reduction to property operating expense: Above market ground lease $ — $ — $ — Amortization recorded as a (reduction) increase to rental income: Acquired above market leases $ (2,966 ) $ (3,089 ) $ (3,502 ) Acquired below market leases 3,739 5,162 4,907 Net rental income increase $ 773 $ 2,073 $ 1,405 Estimated amortization of the respective intangible lease assets and liabilities as of December 31, 2021 for each of the five succeeding years and thereafter is as follows: Acquired In-Place Leases Above Market Leases Below Market Leases 2022 $ 7,630 $ 2,656 $ 3,378 2023 6,429 2,468 3,111 2024 5,403 2,305 2,928 2025 3,530 2,030 2,729 2026 2,479 1,792 2,631 Thereafter 11,871 9,610 23,141 Total $ 37,342 $ 20,861 $ 37,918

Debt and Derivative Instruments

Debt and Derivative Instruments	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Debt and Derivative Instruments	NOTE 6 – DEBT AND DERIVATIVE INSTRUMENTS As of December 31, 2021 and 2020, the Company had the following mortgages and credit facility payable: December 31, 2021 December 31, 2020 Type of Debt Principal Amount Weighted Average Interest Rate Principal Amount Weighted Average Interest Rate Fixed rate mortgages payable $ 118,463 3.88 % $ 163,738 4.25 % Variable rate mortgages payable with swap agreements 198,796 3.42 % 251,595 3.33 % Variable rate mortgages payable 684 1.70 % 684 1.75 % Mortgages payable $ 317,943 3.59 % $ 416,017 3.69 % Credit facility payable 279,000 3.03 % 215,000 3.89 % Total debt before unamortized mortgage premiums and debt issuance costs including impact of interest rate swaps $ 596,943 3.33 % $ 631,017 3.76 % Add: Unamortized mortgage premiums 17 419 Less: Unamortized debt issuance costs (1,418 ) (2,718 ) Total debt $ 595,542 $ 628,718 The Company’s indebtedness bore interest at a weighted average interest rate of 3.33% per annum at December 31, 2021, which includes the effects of interest rate swaps. The Company estimates the fair value of its total debt by discounting the future cash flows of each instrument at rates currently offered for similar debt instruments of comparable maturities by the Company’s lenders using Level 3 inputs. The carrying value of the Company’s debt excluding mortgage premium and unamortized debt issuance costs was $596,943 and $631,017 as of December 31, 2021 and 2020, respectively, and its estimated fair value was $591,089 and $625,751 as of December 31, 2021 and 2020, respectively. As of December 31, 2021, scheduled principal payments and maturities on the Company’s debt were as follows: December 31, 2021 Scheduled Principal Payments and Maturities by Year: Scheduled Principal Payments Maturities of Mortgage Loans Maturity of Credit Facility Total 2022 $ 624 $ 101,537 $ 129,000 $ 231,161 2023 326 77,437 150,000 227,763 2024 341 — — 341 2025 295 92,656 — 92,951 2026 — 44,727 — 44,727 Thereafter — — — — Total $ 1,586 $ 316,357 $ 279,000 $ 596,943 Credit Facility Payable The Company’s credit facility (the “Credit Facility”) consisting of a $200,000 revolving credit facility (the “Revolving Credit Facility”) and a $150,000 term loan (the “Term Loan”) has an accordion feature that allows for an increase in available borrowings up to $700,000, subject to certain conditions. At December 31, 2021, the Company had $129,000 outstanding under the Revolving Credit Facility and $150,000 outstanding under the Term Loan. At December 31, 2021 the interest rate on the Revolving Credit Facility and the Term Loan was 1.75% and 4.13%, respectively. The Revolving Credit Facility matures on August 1, 2022, and the Company has the option to extend the maturity date for one additional year subject to the payment of an extension fee and certain other conditions. The Term Loan matures on August 1, 2023. As of December 31, 2021 the Company had $71,000 available for borrowing under the Revolving Credit Facility, subject to the terms and conditions, including compliance with the covenants, of the Amended and Restated Credit Agreement that governs the Credit Facility. The Company’s performance of the obligations under the Credit Facility, including the payment of any outstanding indebtedness under the Credit Facility, is guaranteed by certain subsidiaries of the Company, including each of the subsidiaries of the Company which owns or leases any of the properties included in the pool of unencumbered properties comprising the borrowing base. Additional properties will be added to and removed from the pool from time to time to support amounts borrowed under the Credit Facility. At December 31, 2021, there were 30 properties included in the pool of unencumbered properties. The Credit Facility requires compliance with certain covenants, including a minimum tangible net worth requirement, a distribution limitation, restrictions on indebtedness and investment restrictions, as defined. It also contains customary default provisions including the failure to comply with the Company's covenants and the failure to pay when amounts outstanding under the Credit Facility become due. On September 29, 2020, the Company entered into a first amendment to the Company’s Amended and Restated Credit Agreement dated as of August 1, 2018 with KeyBank National Association individually and as administrative agent, KeyBanc Capital Markets Inc., PNC Capital Markets LLC and Merrill Lynch Pierce, Fenner & Smith Incorporated (now BofA Securities, Inc.) as joint lead arrangers, and other lenders from time to time parties to the agreement. This amendment provides a waiver of the minimum tangible net worth requirement for three consecutive quarters beginning with the quarter ended September 30, 2020. In exchange, our leverage ratio may be increased only to 62.5% (formerly 65%) for two consecutive fiscal quarters two times prior to the facility termination date, the Company is restricted, during this waiver period, from making any share repurchases or distributions without lender approval, a LIBOR floor of 25 basis points will remain in effect for the remainder of the term, and the Company paid a set fee to the arranging bank and all the participating lenders. As of December 31, 2021, the Company is in compliance with all financial covenants related to the Credit Facility as amended. Mortgages Payable The mortgage loans require compliance with certain covenants, such as debt service ratios, investment restrictions and distribution limitations. As of December 31, 2021, the Company was current on all of its payments and except for two mortgage loans with covenant violations which only required cash maintenance accounts be established for their two mortgaged properties, all other mortgage loans were in compliance with their financial covenants. For one of those two properties and an additional mortgaged property, the mortgage loans have covenants that required the Company to calculate an assumed debt service coverage ratio (the “Assumed DSCR”) and to make principal paydowns or deposit additional collateral to achieve a minimum Assumed DSCR of at least 0.975 to 1.00. On September 30, 2021, the Company drew on its Credit Facility and used cash on hand to make principal paydowns on those two loans totaling $13,793, and are now in compliance with those covenants. Interest Rate Swap Agreements The Company entered into interest rate swaps to fix certain of its floating LIBOR based debt under variable rate loans to a fixed rate to manage its risk exposure to interest rate fluctuations. The Company will generally match the maturity of the underlying variable rate debt with the maturity date on the interest swap. See Note 14 – "Fair Value Measurements" for further information. The following table summarizes the Company’s interest rate swap contracts outstanding as of December 31, 2021. Date Entered Effective Date Maturity Date Pay Fixed Rate (a) Notional Amount Fair Value December 2021 Liabilities February 11, 2015 March 2, 2015 March 1, 2022 2.02 % $ 6,114 $ (19 ) April 7, 2015 April 7, 2015 April 7, 2022 1.74 % 47,745 (203 ) September 17, 2015 September 17, 2015 September 17, 2022 1.90 % 13,700 (154 ) October 2, 2015 November 1, 2015 November 1, 2022 1.79 % 13,100 (154 ) December 23, 2015 December 23, 2015 January 2, 2026 2.30 % 26,000 (1,168 ) June 7, 2016 July 1, 2016 July 1, 2023 1.42 % 41,348 (475 ) July 21, 2016 August 1, 2016 August 1, 2023 1.30 % 36,089 (347 ) June 5, 2017 May 31, 2017 May 15, 2022 1.90 % 14,700 (94 ) August 23, 2018 September 4, 2018 August 1, 2023 2.73 % 60,000 (1,941 ) August 23, 2018 September 4, 2018 August 1, 2023 2.74 % 25,000 (809 ) August 23, 2018 September 4, 2018 August 1, 2023 2.74 % 25,000 (811 ) August 23, 2018 September 4, 2018 August 1, 2023 2.73 % 40,000 (1,294 ) $ 348,796 $ (7,469 ) (a) Receive floating rate index based upon one month LIBOR. At December 31, 2021, the one-month LIBOR was 0.10%. On January 1, 2019, the Company adopted ASU No. 2017-12, Derivatives and Hedging (Topic 815), Targeted Improvements to Accounting for Hedging Activities The table below presents the effect of the Company’s derivative financial instruments on the consolidated statements of operations and comprehensive loss for the years ended December 31, 2021 , 2020 and 2019 . Year Ended December 31, Derivatives in Cash Flow Hedging Relationships: 2021 2020 2019 Effective portion of derivatives $ 2,445 $ (16,497 ) $ (11,513 ) Reclassification adjustment for amounts included in net gain or loss (effective portion) $ 7,654 $ 5,837 $ (888 ) The total amount of interest expense presented on the consolidated statements of comprehensive loss was $23,240, $25,349 and $28,305 for the years ended December 31, 2021, 2020 and 2019, respectively. The location of the net gain or loss reclassified into income from accumulated other comprehensive loss is reported in interest expense on the consolidated statements of comprehensive loss. The amount that is expected to be reclassified from accumulated other comprehensive loss into income in the next 12 months is $5,246.

Equity-Based Compensation

Equity-Based Compensation	12 Months Ended
	Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Equity-Based Compensation	NOTE 7 – EQUITY-BASED COMPENSATION Under the Company’s Employee and Director Restricted Share Plan (“RSP”), restricted shares and restricted share units generally vest over a one to three year vesting period from the date of the grant, subject to the specific terms of the grant. On December 2, 2021, the Company issued 4,425 restricted shares to our independent directors pursuant to the automatic grant provisions of the RSP, which become vested in equal installments of 33-1/3 1.74 years A summary of the Company’s restricted share and restricted share unit activity during the years ended December 31, 2021, 2020 and 2019 is as follows: Restricted Shares Restricted Share Units Outstanding at December 31, 2018 3,224 1,201 Granted (at grant date fair value of $20.12 per share) 2,237 849 Vested (1,555 ) (570 ) Outstanding at December 31, 2019 3,906 1,480 Granted (at grant date fair value of $18.15 per share) 4,408 — Vested (1,857 ) (797 ) Outstanding at December 31, 2020 6,457 683 Granted (at grant date fair value of $18.08 per share) 4,425 4 Vested (2,774 ) (435 ) Outstanding at December 31, 2021 8,108 252

Income Tax and Distributions

Income Tax and Distributions	12 Months Ended
	Dec. 31, 2021
Income Tax And Distributions [Abstract]
Income Tax and Distributions	NOTE 8 – INCOME TAX AND DISTRIBUTIONS The Company qualifies as a REIT under the Internal Revenue Code of 1986, as amended, for federal income tax purposes. In order to maintain the Company’s status as a REIT, the Company must annually distribute at least 90% of its REIT taxable income, subject to certain adjustments and excluding any net capital gain, to its stockholders. For the years ended December 31, 2021, 2020 and 2019, the Company’s REIT taxable (loss) income was $4,154 (unaudited), $(11,950) (unaudited) . The Company had no uncertain tax positions as of December 31, 2021 or 2020. The Company expects no significant increases or decreases in uncertain tax positions due to changes in tax positions within one year of December 31, 2021. The Company had no interest or penalties relating to income taxes recognized on the consolidated statements of operations and comprehensive loss for the years ended December 31, 2021, 2020 or 2019. As of December 31, 2021, returns for the calendar years 2018, 2019, 2020 and 2021 remain subject to examination by U.S. and various state and local tax jurisdictions. During the year ended December 31, 2018, the Company recorded a $15,405 impairment for the Mainstreet JV recorded on its consolidated statement of operations and comprehensive loss. The Company’s investment in Mainstreet JV was held through a taxable REIT subsidiary. Based on an effective tax rate of 28.51%, which is calculated by combining a 21% Federal tax rate and an IL tax rate of 7.51% (9.5% state rate net of the Federal benefit), the deferred tax benefit related to the impairment was approximately $4,400. Since the taxable REIT subsidiary did not conduct any activities outside the investment in Mainstreet JV, management concluded it was not more likely than not that the taxable REIT subsidiary would be able to utilize these losses in future tax periods and recorded a full valuation allowance of $4,400 during the year ended December 31, 2018. The Mainstreet JV was liquidated for income tax purposes in 2019, resulting in a $1,560 reduction in the deferred tax asset and valuation allowance. Since the taxable REIT subsidiary has no other activity, a valuation allowance has been maintained on the remaining $2,840 deferred tax asset. No income tax expense or benefit was recorded during the years ended December 31, 2021, 2020 or 2019. The taxable REIT subsidiary has $9,931 of capital loss carryforwards that expire in 2024. CARES Act and CAA On March 27, 2020 and December 27, 2020, the President of the United States signed and enacted into law the Coronavirus Aid, Relief, and Economic Security Act Consolidated Appropriations Act, 2021 Distributions In 2020, due to the uncertainty surrounding the COVID-19 pandemic and the need to preserve cash for the payment of operating and other expenses, during the second quarter the Company’s board of directors rescinded the first quarter distribution and suspended distributions until June 29, 2021, when the Company declared a distribution to stockholders of record as of June 30, 2021 in the amount of $0.135600 per share, that was paid on or about July 26, 2021. On or about October 7, 2021, the Company paid a distribution to stockholders of record as of September 30, 2021 in the amount of $0.135600 per share. In 2019, the Company paid quarterly distributions in an amount equal to $0.3018 per share, which represented an annualized rate of 6% based on the previously estimated per share NAV as of December 31, 2018, payable in arrears the following quarter. The table below presents the distributions declared and paid or rescinded during the years ended December 31, 2021, 2020 and 2019. December 31, 2021 2020 2019 Distributions paid $ 9,767 $ 10,841 $ 44,245 Distributions declared $ 14,655 $ 8,173 $ 43,162 Distributions rescinded $ — $ (8,173 ) $ — For federal income tax purposes, distributions may consist of ordinary dividend income, qualified dividend income, non-taxable return of capital, capital gains or a combination thereof. Distributions to the extent of the Company’s current and accumulated earnings and profits for federal income tax purposes are taxable to the recipient as either ordinary dividend income or, if so declared by the Company, qualified dividend income or capital gain dividends. Distributions in excess of these earnings and profits (calculated for income tax purposes) constitute a non-taxable return of capital rather than ordinary dividend income or a capital gain dividend and reduce the recipient’s tax basis in the shares to the extent thereof. Distributions in The following table sets forth the taxability of distributions on common shares, on a per share basis, paid in 2021, 2020 and 2019 2021 2020 2019 Ordinary income $ 0.12 $ — $ — Capital gain $ — $ — $ 0.03 Nontaxable return of capital $ 0.15 $ 0.30 $ 1.21

Earnings (Loss) per Share

Earnings (Loss) per Share	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Earnings (Loss) per Share	NOTE 9 – EARNINGS (LOSS) PER SHARE Basic earnings (loss) per share (“EPS”) is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the period (the “common shares”). Diluted EPS is computed by dividing net income (loss) by the common shares plus common share equivalents. The Company excludes antidilutive restricted shares and units from the calculation of weighted-average shares for diluted EPS. As a result of a net loss for the years ended December 31, 2021, 2020 and 2019, 4,304 shares, 4,287 shares and 2,902 shares, respectively, were excluded from the computations of diluted EPS, because they would have been antidilutive.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 10 – COMMITMENTS AND CONTINGENCIES The acquisition of certain of the Company’s properties included an earnout component to the purchase price that was recorded as a deferred investment property acquisition obligation (“Earnout liability”). At December 31, 2021, 2020 and 2019, there is no earnout liability outstanding. The Company may be subject, from time to time, to various legal proceedings and claims that arise in the ordinary course of business. While the resolution of these matters cannot be predicted with certainty, management believes, based on currently available information, that the final outcome of such matters will not have a material adverse effect on the consolidated financial statements of the Company.

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Segment Reporting	NOTE 11 – SEGMENT REPORTING The Company has one reportable segment, retail real estate, as defined by U.S. GAAP for the years ended December 31, 2021, 2020 and 2019.

Transactions with Related Parti

Transactions with Related Parties	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Transactions With Related Parties	NOTE 12 – TRANSACTIONS WITH RELATED PARTIES The following table summarizes the Company’s related party transactions for the years ended December 31, . Year ended December 31, Unpaid amounts as of 2021 2020 2019 December 31, 2021 December 31, 2020 General and administrative reimbursements (a) $ 1,409 $ 1,505 $ 1,324 $ 209 $ 237 Acquisition related costs $ — $ — $ — $ — $ — Acquisition fees — — — — — Total acquisition costs and fees (b) $ — $ — $ — $ — $ — Real estate management fees $ 4,734 $ 4,168 $ 4,841 $ — $ 387 Property operating expenses 1,321 1,585 1,395 — 178 Construction management fees 66 44 186 — 4 Leasing fees 284 238 296 87 77 Total real estate management related costs (c) $ 6,405 $ 6,035 $ 6,718 $ 87 $ 646 Business management fees (d) $ 8,950 $ 8,924 $ 9,342 $ 2,241 $ 4,465 (a) The Business Manager and its related parties are entitled to reimbursement for certain general and administrative expenses incurred by the Business Manager and its related parties relating to the Company’s administration. Such costs are included in general and administrative expenses on the consolidated statements of operations and comprehensive loss. Unpaid amounts are included in due to related parties on the consolidated balance sheets. (b) Prior to February 11, 2019, t he Company was required to pay the Business Manager or its affiliates a fee equal to 1.5 % of the “contract purchase price,” as defined, of each asset acquired. The business management agreement was amended and restated to, among other things, remove the obligation to pay acquisition fees and disposition fees payable to the Business Manager by the Company with respect to transactions occurring on or after February 11, 2019. The Business Manager and its related parties continue to be reimbursed for acquisition and transaction related costs of the Business Manager and its related parties relating to the Company’s acquisition activities, regardless of whether the Company acquires the real estate assets. There were no related party acquisition costs or fees incurred during the year s ended December 31, 2021 and 2020. (c) For each property that is managed by Inland Commercial Real Estate Services LLC (the “Real Estate Manager”) (and its predecessor), the Company pays a monthly real estate management fee of up to 1.9% of the gross income from any single-tenant, net-leased property, and up to 3.9% of the gross income from any other property type. The Real Estate Manager determines, in its sole discretion, the amount of the fee with respect to a particular property, subject to the limitations. For each property that is managed directly by the Real Estate Manager or its affiliates, the Company pays the Real Estate Manager a separate leasing fee. Further, in the event that the Company engages its Real Estate Manager to provide construction management services for a property, the Company pays a separate construction management fee. Leasing fees are included in deferred costs, net and construction management fees are included in building and other improvements on the consolidated balance sheets. The Company also reimburses the Real Estate Manager and its affiliates for property-level expenses that they pay or incur on the Company’s behalf, including the salaries, bonuses and benefits of persons performing services for the Real Estate Manager and its affiliates except for the salaries, bonuses and benefits of persons who also serve as an executive officer of the Real Estate Manager or the Company. Real estate management fees and reimbursable expenses are included in property operating expenses on the consolidated statements of operations and comprehensive loss. (d) The Company pays the Business Manager an annual business management fee equal to 0.65% of its “average invested assets”. The fee is payable quarterly in an amount equal to 0.1625% of its average invested assets as of the last day of the immediately preceding quarter. “Average invested assets” means, for any period, the average of the aggregate book value of the Company’s assets, including all intangibles and goodwill, invested, directly or indirectly, in equity interests in, and loans secured by, properties, as well as amounts invested in securities and consolidated and unconsolidated joint ventures or other partnerships, before reserves for amortization and depreciation or bad debts, impairments or other similar non-cash reserves, computed by taking the average of these values at the end of each month during the relevant calendar quarter. Unpaid amounts are included in due to related parties on the consolidated balance sheets.

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Leases	NOTE 13 –LEASES The Company is lessor on approximately 700 retail operating leases. The remaining lease terms for the Company’s leases range from less than one year to 16 years. The Company considers the date on which it makes a leased space available to a lessee as the commencement date of the lease. At commencement, the Company determines the lease classification utilizing the classification tests under ASC 842. Options to extend a lease are included in the lease term when it is reasonably certain that the tenant will exercise its option to extend. Termination penalties are included in income when there is a termination agreement, all the conditions of the agreement have been met and amounts due are considered collectible. Such termination fees are recognized on a straight-line basis over the remaining lease term in rental income. If an operating lease is modified and the modification is not accounted for as a separate contract, the Company accounts for the modification as if it were a termination of the existing lease and the creation of a new lease. The Company considers any prepaid or accrued rentals relating to the original lease as part of the lease payments for the modified lease. The Company includes options to modify the original lease term when it is reasonably certain that the tenant will exercise its option to extend. Lease Income Most of the revenue from the Company’s properties consists of rents received under long-term operating leases. Most leases require the tenant to pay fixed base rent paid monthly in advance, and to reimburse the Company for the tenant’s pro rata share of certain operating expenses including real estate taxes, special assessments, insurance, utilities, common area maintenance, management fees, and certain building repairs paid by the Company and recoverable under the terms of the lease. Under these leases, the Company pays all expenses and is reimbursed by the tenant for the tenant’s pro rata share of recoverable expenses paid. Certain other tenants are subject to net leases which provide that the tenant is responsible for fixed base rent as well as all costs and expenses associated with occupancy. Under net leases where all expenses are paid directly by the tenant rather than the landlord, such expenses are not included on the consolidated statements of operations and comprehensive loss. Under leases where all expenses are paid by the Company, subject to reimbursement by the tenant, the expenses are included within property operating expenses. As of January 1, 2019, the date on which the Company adopted the new leasing standard, reimbursements for common area maintenance are considered non-lease components that are permitted to be combined with rental income. The combined lease component and reimbursements for insurance and taxes are reported as rental income on the consolidated statements of operations and comprehensive loss. Rental income related to the Company's operating leases is comprised of the following for the years ended December 31, 2021, 2020 and 2019: Year Ended December 31, 2021 2020 2019 Rental income - fixed payments $ 95,157 $ 90,808 $ 101,689 Rental income - variable payments (a) 23,027 22,646 25,560 Amortization of acquired market leases, net 773 2,073 1,405 Rental income $ 118,957 $ 115,527 $ 128,654 (a) Primarily includes tenant recovery income for real estate taxes, common area maintenance and insurance. The future base rent payments to be received under operating leases including ground leases as of December 31, 2021 for the years indicated, assuming no expiring leases are renewed, are as follows: Lease Payments 2022 $ 87,104 2023 76,788 2024 63,931 2025 47,417 2026 37,913 Thereafter 113,948 Total $ 427,101 Lease Expense The Company is the lessee under one ground lease. The ground lease, which commenced on July 1, 2007, was assumed as part of a property purchased in October 2015 and extends through June 30, 2037 with six 5-year renewal options which the Company assumes will be exercised. When the Company acquired the lease, the Company considered the lease terms and lease classification. As reassessment is not required under practical expedients accorded in ASC 842, the Company will continue to account for the ground lease as an operating lease with an established lease term and payment schedule. At January 1, 2019, the Company recorded a lease liability of $23,377 and a ROU asset of $15,963 on its consolidated balance sheet. The lease liability was based on the present value of the ground lease’s future lease payments using an interest rate of 6.225% which the Company considers reasonable and within the range of the Company’s incremental borrowing rate. For the years ended December 31, 2021, 2020 and 2019, total rent expense was $1,944, $1,944 and $1,944, respectively, recorded in property operating expenses on the consolidated statements of operations and comprehensive loss . Lease payments for the ground lease as of December 31, 2021 for each of the five succeeding years and thereafter is as follows: Lease Payments 2022 $ 1,202 2023 1,264 2024 1,264 2025 1,264 2026 1,264 Thereafter 84,584 Total $ 90,842 The Company continues to monitor the impact of the COVID-19 pandemic on the collectability of lease obligations. As of December 31, 2021, the Company’s accounts and rent receivable, net balance was $18,560, which was net of an allowance for bad debts of $1,259 and included $399 of deferred rent receivable related to COVID-19 agreements negotiated with tenants. As of December 31, 2020, the Company’s accounts and rent receivable, net balance is $21,851, which is net of an allowance for bad debts of $4,638 and includes $4,457 of deferred rent receivable related to COVID-19 agreements negotiated with tenants. Such agreements generally allow tenants to defer the payment of a portion of rent with no substantive changes to the consideration in the original lease. Consistent with the guidance in the Lease Modification Q&A issued by the FASB, such deferrals affect the timing, but not the amount, of the lease payments. The Company is accounting for these deferrals as if no changes to the lease were made. Under this accounting, the Company increases its rent receivable as tenant obligations accrue and continues to recognize rental income.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 14 – FAIR VALUE MEASUREMENTS Fair Value Hierarchy The Company defines fair value based on the price that it believes would be received upon sale of an asset or the exit price that would be paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value. The fair value hierarchy consists of three broad levels, which are described below: Level 1 − Quoted prices in active markets for identical assets or liabilities that the entity has the ability to access. Level 2 − Observable inputs, other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 − Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The Company has estimated the fair value of its financial and non-financial instruments using available market information and valuation methodologies the Company believes to be appropriate for these purposes. Recurring Fair Value Measurements For assets and liabilities measured at fair value on a recurring basis, the table below presents the fair value of the Company’s cash flow hedges as well as their classification on the consolidated balance sheets as of December 31, 2021 and 2020, respectively. Fair Value Level 1 Level 2 Level 3 Total December 31, 2021 Interest rate swap agreements - Other assets $ — $ — $ — $ — Interest rate swap agreements - Other liabilities $ — $ 7,469 $ — $ 7,469 December 31, 2020 Interest rate swap agreements - Other assets $ — $ — $ — $ — Interest rate swap agreements - Other liabilities $ — $ 17,568 $ — $ 17,568 The fair value of derivative instruments was estimated based on data observed in the forward yield curve which is widely observed in the marketplace. The Company also incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the counterparty's nonperformance risk in the fair value measurements which utilize Level 3 inputs, such as estimates of current credit spreads. The Company has determined that the credit valuation adjustments are not significant to the overall valuation of its derivative interest rate swap agreements and therefore has classified these in Level 2 of the hierarchy. Non-recurring Fair Value Measurements As of December 31, 2019, the Company reviewed the carrying value of three investment properties that met held for sale criteria. The criteria was met for these properties because, amongst other criteria, the Company had collected non-refundable earnest money from the seller. Properties classified as held for sale must be recorded at the lesser of their carrying value or the fair value as of the balance sheet date less selling costs in accordance with GAAP. The fair value of these investment properties, classified as Level 2 of the fair value hierarchy, was estimated based on the signed purchase and sale agreements with the seller. All of these properties had a carrying value that exceeded the fair value less selling costs, and therefore, for the year ended December 31, 2019 an impairment loss totaling $4,420 was recorded in provision for asset impairment on the consolidated statement of operations and comprehensive loss. The Company completed the sale of these properties in January 2020.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	NOTE 15 – SUBSEQUENT EVENTS Refinancing of Revolving Credit Facility On February 3, 2022, the Company entered into a second amended and restated credit agreement (the “Credit Agreement”) in respect of the Company’s Credit Facility with KeyBank National Association, individually and as administrative agent (“KeyBank”), KeyBanc Capital Markets Inc., PNC Capital Markets LLC and BofA Securities, Inc., as joint lead arrangers, and other lenders from time to time parties to the Credit Agreement (collectively, the “Lenders”). Pursuant to the Credit Agreement, the aggregate total commitments under the Credit Facility were increased from $350,000 to $475,000. The Credit Facility consists of the Revolving Credit Facility providing revolving credit commitments in an aggregate amount of $200,000 and a term loan facility (the term loans funded under such commitments, the Term Loan providing term loan commitments in an aggregate amount of $275,000 (increased from $150,000). The Revolving Credit Facility includes a sublimit of $25,000 for swingline loans and a sublimit of $25,000 for letters of credit. The Credit Agreement provides the Company with the ability from time to time to increase the size of the Credit Facility up to a total of $825,000, subject to certain conditions. The Company’s performance of its obligations under the Credit Agreement, including the payment of any outstanding indebtedness under the Credit Facility, is guaranteed by certain subsidiaries of the Company (the “Guarantors”), including each of the subsidiaries of the Company which owns or leases any of the properties included in the pool of unencumbered properties comprising the borrowing base. Additional properties may be added and removed from the pool so long as at any time there are at least fifteen unencumbered properties with an unencumbered pool value of $300,000 or more. The Revolving Credit Facility matures on February 3, 2026, and the Company has the option to extend the maturity date for a period of one additional year subject to the payment of an extension fee and certain other conditions. The Term Loan matures on February 3, 2027. Borrowings under the Credit Facility bear interest equal to (i) Adjusted Term SOFR (as defined below) plus a margin ranging from 130 basis points to 210 basis points, in the case of the Revolving Credit Facility, and 125 basis points to 205 basis points, in the case of the Term Loan or (ii) the alternate base rate plus a margin ranging from 30 basis points to 110 basis points, in the case of the Revolving Credit Facility, and 25 basis points to 105 basis points, in the case of the Term Loan, in each case depending on the Company’s leverage ratio. “Adjusted Term SOFR,” which is the initial benchmark under the Credit Agreement, is a rate based on the forward-looking term SOFR reference rate for the applicable interest period as of any date of determination, plus a spread adjustment ranging from 10 basis points to 25 basis points per annum based on the interest period then in effect. Adjusted Term SOFR interest periods will be one, three or six months, as selected by the Company. Effective as of the date on which the Company receives a rating of BBB- or better from S&P Global Ratings or a rating of Baa3 or better from Moody’s Investors Service, Inc. or any date thereafter on which the Company maintains such rating, the Company may elect that the interest rate be determined based on the Company’s credit rating rather than its leverage ratio (the “Ratings Based Pricing Election”). After making the Ratings Based Pricing Election, the applicable margin that will be added either to the alternate base rate or to Adjusted Term SOFR to determine the rate on amounts outstanding under the Credit Facility will be based on the Company’s then current credit rating. The Ratings Based Pricing Election will be irrevocable and will apply throughout the remaining term of the Credit Facility. The Company will be required to pay interest only, on a monthly basis in arrears, during the term of the Credit Facility, with all outstanding principal and unpaid interest due upon termination of the Revolving Credit Facility or Term Loan, as applicable. The Company may prepay the Credit Facility, in whole or in part in an amount not less than $1,000, at any time without fees or penalty. The Credit Facility also requires the maintenance of certain financial covenants that are similar to the financial covenants of the original facility. The Credit Facility also provides for customary events of default which are substantially the same as those under the original facility. Upon the occurrence of an event of default, all amounts owed by the Company under the Credit Facility may be declared or may become immediately due and payable. Repayment of mortgages using proceeds from line of credit Subsequent to year end, the Company repaid the following mortgage loans: Property Name Date of payoff Outstanding principal amount repaid Dixie Valley January 21, 2022 $ 6,798 Eastside Junction March 1, 2022 $ 5,787 White City March 7, 2022 $ 47,579 Pentucket Shopping Center March 15, 2022 $ 14,700 The mortgage loans were paid off with draws on the Revolving Credit Facility totaling $75,000. Announcement of the Company’s Estimated Per Share NAV On March 4, 2022, the Company announced that the Company’s board of directors unanimously approved: (i) an Estimated Per Share NAV as of December 31, 2021; (ii) the same per share purchase price for shares issued under the DRP beginning with the first distribution payment to stockholders upon resumption of distributions and the DRP , and (iii) that, in accordance with the Fourth SRP, and until the Company announces a new Estimated Per Share NAV, any shares accepted for ordinary repurchases and Exceptional Repurchases will be repurchased at 80% of the Estimated Per Share NAV.

Schedule - Schedule III Real Es

Schedule - Schedule III Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2021
Real Estate And Accumulated Depreciation Disclosure [Abstract]
Schedule III Real Estate and Accumulated Depreciation	INLAND REAL ESTATE INCOME TRUST, INC. Schedule III Real Estate and Accumulated Depreciation December 31, 2021 (Dollar amounts in thousands) Initial Gross amount carried at end of period (B) Property Name Encum- brance Land Buildings and Improve- ments Cost Capita-lized Subse- quent to Acquisi- tions (C) Land(D) Buildings and Improve- ments (D) Total (D) Accumu- lated Deprecia- tion (E) Date Con- structed Date Acquired Depre-ciable Lives Blossom Valley Plaza $ — $ 9,515 $ 11,142 $ 684 $ 9,515 $ 11,826 $ 21,341 $ (2,871 ) 1988 2015 15-30 Turlock, CA Branson Hills Plaza — $ 3,787 $ 6,039 $ 174 3,787 6,213 10,000 $ (1,661 ) 2005 2014 15-30 Branson, MO Coastal North Town Center 41,348 $ 13,725 $ 49,673 $ (1,130 ) 13,725 48,543 62,268 $ (10,076 ) 2014 2016 15-30 Myrtle Beach, SC Coastal North Town Center - Phase II — $ 365 $ 3,034 $ - 365 3,034 3,399 $ (490 ) 2016 2017 15-30 Myrtle Beach, SC Dixie Valley 6,798 $ 2,807 $ 9,053 $ 1,238 2,807 10,291 13,098 $ (2,870 ) 1988 2014 15-30 Louisville, KY Dogwood Festival — $ 4,500 $ 41,865 $ 3,888 4,500 45,753 50,253 $ (12,607 ) 2002 2014 5-30 Flowood, MO Eastside Junction 5,805 $ 2,411 $ 8,393 $ 57 2,411 8,450 10,861 $ (2,224 ) 2008 2015 15-30 Athens, AL Fairgrounds Crossing — $ 6,069 $ 22,637 $ 1,117 6,069 23,754 29,823 $ (5,831 ) 2008 2015 15-30 Hot Springs, AR Fox Point Plaza — $ 3,518 $ 12,681 $ 1,882 3,518 14,563 18,081 $ (3,847 ) 2008 2014 15-30 Neenah, WI Frisco Marketplace — $ 6,618 $ 3,315 $ - 6,618 3,315 9,933 $ (1,029 ) 2002 2015 15-30 Frisco, TX Green Tree Shopping Center 13,100 $ 7,218 $ 17,846 $ 824 7,218 18,670 25,888 $ (4,518 ) 1997 2015 5-30 Katy, TX Harris Plaza — $ 6,500 $ 19,403 $ 2,233 6,500 21,636 28,136 $ (6,376 ) 2001-2008 2014 15-30 Layton, UT Harvest Square — $ 2,186 $ 9,330 $ 186 2,186 9,516 11,702 $ (2,660 ) 2008 2014 15-30 Harvest, AL Heritage Square — $ 2,028 $ 5,538 $ 364 2,028 5,902 7,930 $ (1,622 ) 2010 2014 15-30 Conyers, AL Kroger - Copps Grocery Store (D) — $ 1,440 $ 11,799 $ - 1,440 11,799 13,239 $ (3,042 ) 2012 2014 15-30 Stevens Point, WI Kroger - Pick n Save Center — $ 3,150 $ 14,283 $ 2,798 3,150 17,081 20,231 $ (4,400 ) 2011 2014 15-30 West Bend, WI Lakeside Crossing — $ 1,460 $ 16,999 $ 432 1,460 17,431 18,891 $ (4,865 ) 2013 2014 15-30 Lynchburg, VA Landing at Ocean Isle Beach — $ 3,053 $ 7,081 $ 147 3,053 7,228 10,281 $ (2,122 ) 2009 2014 15-30 Ocean Isle, NC Mansfield Pointe — $ 5,350 $ 20,002 $ 796 5,350 20,798 26,148 $ (6,007 ) 2008 2014 15-30 Mansfield, TX Marketplace at El Paseo — $ 16,390 $ 46,971 $ (479 ) 16,390 46,492 62,882 $ (10,446 ) 2014 2015 15-30 Fresno, CA Marketplace at Tech Center 36,089 $ 10,684 $ 68,580 $ (72 ) 10,684 68,508 79,192 $ (14,547 ) 2015 2015 15-30 Newport News, VA MidTowne Shopping Center — $ 8,810 $ 29,699 $ 706 8,810 30,405 39,215 $ (8,798 ) 2005/2008 2014 5-30 Little Rock, AR Milford Marketplace 18,727 $ - $ 35,867 $ 1,125 — 36,992 36,992 $ (8,442 ) 2007 2015 15-30 Milford, CT Newington Fair — $ 7,833 $ 8,329 $ 562 7,833 8,891 16,724 $ (3,651 ) 1994/2009 2012 15-30 Newington, CT North Hills Square — $ 4,800 $ 5,493 $ 652 4,800 6,145 10,945 $ (1,704 ) 1997 2014 15-30 Coral Springs, FL Oquirrh Mountain Marketplace — $ 4,254 $ 14,467 $ 177 4,254 14,644 18,898 $ (3,196 ) 2014-2015 2015 15-30 Jordan, UT Oquirrh Mountain Marketplace Phase II — $ 1,403 $ 3,727 $ (50 ) 1,403 3,677 5,080 $ (764 ) 2014-2015 2016 15-30 Jordan, UT Park Avenue Shopping Center — $ 5,500 $ 16,365 $ 3,151 5,500 19,516 25,016 $ (5,463 ) 2012 2014 15-30 Little Rock, AR Pentucket Shopping Center 14,700 $ 5,993 $ 11,251 $ 501 5,993 11,752 17,745 $ (2,228 ) 1986 2017 15-30 Plaistow, NH Plaza at Prairie Ridge — $ 618 $ 2,305 $ - 618 2,305 2,923 $ (564 ) 2008 2015 15-30 Pleasant Prairie, WI Prattville Town Center — $ 5,336 $ 27,672 $ 194 5,336 27,866 33,202 $ (6,966 ) 2007 2015 15-30 Prattville, AL Regal Court 26,000 $ 5,873 $ 41,181 $ 2,097 5,873 43,278 49,151 $ (10,723 ) 2008 2015 5-30 Shreveport, LA Settlers Ridge 76,532 $ 25,961 $ 98,157 $ 654 25,961 98,811 124,772 $ (23,213 ) 2011 2015 15-30 Pittsburgh, PA Initial Gross amount carried at end of period (B) Property Name Encum- brance Land Buildings and Improve- ments Cost Capita-lized Subse- quent to Acquisi- tions (C) Land(D) Buildings and Improve- ments (D) Total (D) Accumu- lated Deprecia- tion (E) Date Con- structed Date Acquired Depre-ciable Lives Shoppes at Lake Park — $ 2,285 $ 8,527 $ 90 2,285 8,617 10,902 $ (2,159 ) 2008 2015 15-30 West Valley City. UT Shoppes at Market Pointe 13,700 $ 12,499 $ 8,388 $ 998 12,499 9,386 21,885 $ (3,082 ) 2006-2007 2015 15-30 Papillion, NE Shoppes at Prairie Ridge — $ 7,521 $ 22,468 $ 932 7,521 23,400 30,921 $ (5,940 ) 2009 2014 15-30 Pleasant Prairie, WI The Shoppes at Branson Hills — $ 4,418 $ 37,229 $ 2,136 4,418 39,365 43,783 $ (9,773 ) 2005 2014 15-30 Branson, MO Shops at Hawk Ridge — $ 1,329 $ 10,341 $ 285 1,329 10,626 11,955 $ (2,683 ) 2009 2015 5-30 St. Louis, MO Village at Burlington Creek 17,399 $ 10,789 $ 19,385 $ 1,458 10,789 20,843 31,632 $ (5,004 ) 2007 & 2015 2015 5-30 Kansas City, MO Walgreens Plaza — $ 2,624 $ 9,683 $ 410 2,624 10,093 12,717 $ (2,652 ) 2011 2015 15-30 Jacksonville, NC Wedgewood Commons — $ 2,220 $ 26,577 $ 2,186 2,220 28,763 30,983 $ (7,628 ) 2009-2013 2013 5-30 Olive Branch, MS White City 47,745 $ 18,961 $ 70,423 $ 3,190 18,961 73,613 92,574 $ (17,616 ) 2013 2015 15-30 Shrewsbury, MA Wilson Marketplace — $ 11,155 $ 27,498 $ 1,020 11,155 28,518 39,673 $ (5,190 ) 2007 2017 15-30 Wilson, NC Yorkville Marketplace — $ 4,990 $ 13,928 $ 892 4,990 14,820 19,810 $ (3,982 ) 2002 & 2007 2015 15-30 Yorkville, IL Total: $ 317,943 $ 267,946 $ 954,624 $ 38,505 $ 267,946 $ 993,129 $ 1,261,075 $ (245,532 ) Notes: (A) The initial cost to the Company represents the original purchase price of the property. (B) The aggregate cost of real estate owned at December 31, 2021 for federal income tax purposes was $1,393,620. (C) As applicable, some amounts include write-offs (D) Reconciliation of real estate owned: 2021 2020 2019 Balance at January 1, $ 1,255,127 $ 1,251,869 $ 1,298,836 Improvements, net of master lease 5,948 3,258 9,706 Impairment of investment property — — (4,222 ) Real estate sold — — (13,053 ) Property held for sale — — (39,398 ) Balance at December 31, $ 1,261,075 $ 1,255,127 $ 1,251,869 (E) Reconciliation of accumulated depreciation: Balance at January 1, $ 207,764 $ 170,269 $ 139,134 Depreciation expense 37,768 37,495 39,304 Real estate sold — — (2,804 ) Property held for sale — — (5,365 ) Balance at December 31, $ 245,532 $ 207,764 $ 170,269

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
General	General The consolidated financial statements have been prepared in accordance with U.S. GAAP and require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. In the opinion of management, all adjustments necessary for a fair statement, in all material respects, of the financial position and results of operations for the periods are presented. Actual results could differ from those estimates. Information with respect to square footage and occupancy is unaudited.
Significant Risks and Uncertainties related to COVID-19 Pandemic	Significant Risks and Uncertainties related to COVID-19 Pandemic Currently, one of the most significant risks and uncertainties is the potential further adverse effect of the current pandemic of the novel coronavirus, or COVID-19. A number of our tenants had temporarily closed their stores during 2020 and requested rent deferral or rent abatement during this pandemic. The Company’s deferred rent balance is $399 at December 31, 2021, which is significantly lower than the deferred rent balance of $4,457 at December 31, 2020 due primarily to collections during the year ended December 31, 2021. However, the extent to which the COVID-19 pandemic further impacts the Company’s operations and those of our tenants will depend on future developments, including the impact of the Delta, Omicron or other variants of COVID-19 in the U.S. The impact cannot be predicted with confidence, including the scope, severity and duration of the pandemic’s variants, the actions taken to contain the pandemic’s variants or mitigate their impact, and the direct and indirect economic effects of the pandemic’s variants and containment measures, among others.
Consolidation	Consolidation The consolidated financial statements include the accounts of the Company, as well as all wholly owned subsidiaries. Wholly owned subsidiaries generally consist of limited liability companies (“LLCs”). All intercompany balances and transactions have been eliminated in consolidation. Each property is owned by a separate legal entity which maintains its own books and financial records and each entity’s assets are not available to satisfy the liabilities of other affiliated entities. The fiscal year-end of the Company is December 31.
Partially-Owned Entities	Partially-Owned Entities The Company will consolidate the operations of a joint venture if the Company determines that it is either the primary beneficiary of a variable interest entity (VIE) or has substantial influence and control of the entity. In instances where the Company determines that it is not the primary beneficiary of a VIE or the Company does not control the joint venture but can exercise influence over the entity with respect to its operations and major decisions, the Company will use the equity method of accounting. Under the equity method, the operations of a joint venture will not be consolidated with the Company’s operations but instead its share of operations will be reflected as equity in earnings (loss) of unconsolidated entity on its consolidated statements of operations and comprehensive loss. Additionally, the Company’s net investment in the joint venture will be reflected as investment in unconsolidated entity on the consolidated balance sheets.
Acquisitions	Acquisitions Upon acquisition of real estate investment properties, the Company allocates the total purchase price of each property that is accounted for as an asset acquisition based on the relative fair value of the tangible and intangible assets acquired and liabilities assumed based on Level 3 inputs, such as comparable sales values, discount rates, capitalization rates, revenue and expense growth rates and lease-up assumptions, from a third party appraisal or other market sources. The acquisition date is the date on which the Company obtains control of the real estate investment property and transaction costs are capitalized. Assets and liabilities acquired typically include land, building and site improvements and identified intangible assets and liabilities, consisting of the value of above market and below market leases and the value of in-place leases. The portion of the purchase price allocated to above market lease values is included in acquired lease intangible assets, net and is amortized on a straight-line basis over the term of the related lease as a reduction to rental income. The portion allocated to below market lease values is included in acquired intangible liabilities, net and is amortized as an increase to rental income over the term of the lease including any renewal periods with fixed rate renewals. The portion of the purchase price allocated to acquired in-place lease value is included in acquired lease intangible assets, net and is amortized on a straight-line basis over the acquired leases’ weighted average remaining term. The Company determines the fair value of the tangible assets consisting of land and buildings by valuing the property as if it were vacant, and the “as-if-vacant” value is then allocated to land and buildings. The Company determines the fair value of assumed debt by calculating the net present value of the mortgage payments using interest rates for debt with similar terms and maturities. Differences between the fair value and the stated value is recorded as a discount or premium and amortized over the remaining term using the effective interest method. Certain of the Company’s properties included earnout components to the purchase price, meaning the Company did not pay a portion of the purchase price of the property at closing, although the Company owns the entire property. The Company is not obligated to settle the contingent portion of the purchase price unless space which was vacant at the time of acquisition is later leased by the seller within the time limits and parameters set forth in the related acquisition agreements. The Company’s policy is to record earnout components when estimable and probable. At December 31, 2021, there is no earnout liability outstanding.
Impairment of Investment Properties	Impairment of Investment Properties The Company assesses the carrying values of its respective long-lived assets whenever events or changes in circumstances indicate that the carrying amounts of these assets may not be fully recoverable. Recoverability of the assets is measured by comparison of the carrying amount of the asset to the estimated future undiscounted cash flows. In order to review its assets for recoverability, the Company considers current market conditions, as well as its intent with respect to holding or disposing of the asset. If the Company’s analysis indicates that the carrying value of the long-lived asset is not recoverable on an undiscounted cash flow basis, the Company recognizes an impairment charge for the amount by which the carrying value exceeds the current estimated fair value of the real estate property. Fair value is determined through various valuation techniques, including discounted cash flow models, quoted market values and third party appraisals, where considered necessary (Level 3 inputs). The Company estimates the future undiscounted cash flows based on management’s intent as follows: (i) for real estate properties that the Company intends to hold long-term, including land held for development, properties currently under development and operating buildings, recoverability is assessed based on the estimated future net rental income from operating the property and termination value; and (ii) for real estate properties that the Company intends to sell, including land parcels, properties currently under development and operating buildings, recoverability is assessed based on estimated net proceeds, including net rental income during the holding period, from disposition that are estimated based on future net rental income of the property and utilizing expected market capitalization rates. The use of projected future cash flows is based on assumptions that are consistent with our estimates of future expectations and the strategic plan the Company uses to manage its underlying business. However, assumptions and estimates about future cash flows, including comparable sales values, discount rates, capitalization rates, revenue and expense growth rates and lease-up assumptions which impact the discounted cash flow approach to determining value are complex and subjective. Changes in economic and operating conditions and the Company’s ultimate investment intent that occur subsequent to the impairment analysis could impact these assumptions and result in future impairment charges of real estate properties. On a quarterly basis, management assesses whether there are any indicators that the carrying value of the Company’s investment in unconsolidated entities and notes receivable may be other than temporarily impaired as a loss in value that is other than a temporary decline is required to be recognized. Indicators include significant delays in construction, significant costs over budget and financial concerns. To the extent indicators suggest that a loss in value may have occurred, the Company will evaluate both quantitative and qualitative factors to determine if the loss in value is other than temporary. If a potential loss in value is determined to be other than temporary, the Company will recognize an impairment loss based on the estimated fair value of the investment. During the years ended December 31, 2021 and 2020, the Company did not record any impairment charges. During the year ended December 31, 2019, the Company recorded an impairment charge of $4,420 which is included in provision for asset impairment on the consolidated statement of operations and comprehensive loss.
REIT Status	REIT Status The Company elected to be taxed as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended, for federal income tax purposes commencing with the tax year ended December 31, 2013. Commencing with such taxable year, the Company was organized and began operating in such a manner as to qualify for taxation as a REIT under the Internal Revenue Code and believes it has so qualified. As a result, the Company generally will not be subject to federal income tax on taxable income that is distributed to stockholders. A REIT is subject to a number of organizational and operational requirements, including a requirement that it currently distributes at least 90% of its REIT taxable income (subject to certain adjustments and excluding any net capital gain) to its stockholders. The Company will monitor the business and transactions that may potentially impact its REIT status. If the Company fails to qualify as a REIT in any taxable year, without the benefit of certain statutory relief provisions, the Company will be subject to tax as a “C corporation.” Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income, property or net worth and federal income and excise taxes. Any taxable REIT subsidiaries generally will be subject to federal income tax applicable to “C corporations.”
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all demand deposits, money market accounts and all short-term investments with a maturity of three months or less, at the date of purchase, to be cash equivalents. The account balance may exceed the Federal Deposit Insurance Corporation (“FDIC”) insurance coverage and, as a result, there could be a concentration of credit risk related to amounts on deposit in excess of FDIC insurance coverage. The Company believes that the risk will not be significant, as the Company does not anticipate the financial institutions’ non-performance.
Restricted Cash	Restricted Cash Amounts included in restricted cash represent those required to be set aside by lenders for real estate taxes, insurance, capital expenditures and tenant improvements on our existing properties. These amounts also include post close escrows for tenant improvements, leasing commissions, master lease, general repairs and maintenance, and are classified as restricted cash on the Company’s consolidated balance sheets. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the Company’s consolidated balance sheets to such amounts shown on the Company’s consolidated statements of cash flows: December 31, 2021 2020 Cash and cash equivalents $ 8,229 $ 12,906 Restricted cash 5,154 1,079 Total cash, cash equivalents, and restricted cash $ 13,383 $ 13,985
Accounts and Rents Receivable	Accounts and Rents Receivable The Company takes into consideration certain factors that require judgments to be made as to the collectability of receivables. Collectability factors taken into consideration are the amounts outstanding and payment history of the tenant. The Company includes both billed and accrued charges in its evaluation of the collectability of a tenant’s receivable balance. For tenant receivables that the Company determines to be uncollectible, the Company records an offset for uncollectable tenant revenues directly to rental income.
Capitalization and Depreciation	Capitalization and Depreciation Real estate properties held and used are recorded at cost less accumulated depreciation. Real estate properties held for sale are recorded at the lesser of their carrying value or fair value less selling costs. Improvement and betterment costs are capitalized, and ordinary repairs and maintenance are expensed as incurred. Real estate properties are classified as held for sale when the Company concludes that a sale is likely. Criteria that may be considered in this determination include obtaining a signed purchase and sale agreement, the completion and waiving of due diligence by the seller, and the receipt of non-refundable earnest money from the seller. Cost capitalization and the estimate of useful lives require judgment and include significant estimates that can and do change. Depreciation expense is computed using the straight-line method. The Company anticipates the estimated useful lives of its assets by class to be generally: Building and other improvements 30 years Site improvements 5-15 years Furniture, fixtures and equipment 5-15 years Tenant improvements Shorter of the life of the asset or the term of the related lease Leasing fees Term of the related lease Depreciation expense was $37,806, $37,495 and $39,304 for the years ended December 31, 2021, 2020 and 2019, respectively. Amortization of leasing fees were $731, $615, and $546 for the years ended December 31, 2021, 2020 and 2019, respectively.
Debt Issuance Costs	Debt Issuance Costs Debt issuance costs are amortized on a straight-line basis, which approximates the effective interest method, over the term, or anticipated repayment date, of the related agreements as a component of interest expense. These costs are reported as a direct deduction to the Company’s outstanding mortgages and credit facility payable.
Fair Value Measurements	Fair Value Measurements The Company has estimated fair value using available market information and valuation methodologies the Company believes to be appropriate for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates and, accordingly, they are not necessarily indicative of amounts that would be realized upon disposition. The Company defines fair value based on the price that it believes would be received upon sale of an asset or the exit price that would be paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value. The fair value hierarchy consists of three broad levels, which are described below: Level 1 − Quoted prices in active markets for identical assets or liabilities that the entity has the ability to access. Level 2 − Observable inputs, other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 − Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The Company’s cash equivalents, accounts receivable and payables and accrued expenses all approximate fair value due to the short term nature of these financial instruments. The Company’s financial instruments measured on a recurring basis include derivative interest rate instruments.
Derivatives	Derivatives The Company uses derivative instruments, such as interest rate swaps, primarily to manage exposure to interest rate risks inherent in variable rate debt. The Company may also enter into forward starting swaps or treasury lock agreements to set the effective interest rate on a planned fixed-rate financing. The Company’s interest rate swaps involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. In a forward starting swap or treasury lock agreement that the Company cash settles in anticipation of a fixed rate financing or refinancing, the Company will receive or pay an amount equal to the present value of future cash flow payments based on the difference between the contract rate and market rate on the settlement date. The Company does not use derivatives for trading or speculative purposes and currently does not have any derivatives that are not designated as hedging instruments under the accounting requirements for derivatives and hedging.
Revenue Recognition	Revenue Recognition The Company commences revenue recognition for its operating leases on the commencement date of the lease, which the Company considers is the date on which it makes the leased space available to the lessee. The determination of who is the owner, for accounting purposes, of the tenant improvements determines the nature of the leased asset. If the Company is the owner, for accounting purposes, of the tenant improvements, then the tenant improvements are capitalized and depreciated over the life of the lease. If the Company concludes it is not the owner, for accounting purposes, of the tenant improvements (the lessee is the owner), then the leased asset is the unimproved space and any tenant improvement allowances funded by the Company under the lease are treated as lease incentives which reduce revenue recognized over the term of the lease. The Company considers a number of different factors to evaluate whether it or the lessee is the owner of the tenant improvements for accounting purposes. Rental income is recognized on a straight-line basis over the term of each lease. The difference between rental income earned on a straight-line basis and the cash rent due under the provisions of the lease agreements is recorded as deferred rent receivable and is included as a component of accounts and rent receivable on the consolidated balance sheets. Due to the impact of the straight-line basis, rental income generally will be greater than the cash collected in the early years and will decrease in the later years of a lease. Reimbursements from tenants for recoverable real estate tax and operating expenses are accrued as revenue in the period the applicable expenses are incurred. The Company makes certain assumptions and judgments in estimating the reimbursements at the end of each reporting period. The Company does not expect the actual results to materially differ from the estimated reimbursement. The Company made the election for these reimbursements, which are non-lease components, to be combined with rental income. The Company records lease termination income if there is a signed termination agreement, all of the conditions of the agreement have been met and amounts due are considered collectible. Such termination fees are recognized on a straight-line basis over the remaining lease term in rental income. As a lessor, the Company defers the recognition of contingent rental income, such as percentage rent, until the specified target that triggered the contingent rental income is achieved.
Equity-Based Compensation	Equity-Based Compensation The Company has restricted shares and units outstanding at December 31, 2021 and 2020. The Company recognizes expense related to the fair value of equity-based compensation awards as general and administrative expense on the consolidated statements of operations and comprehensive loss. The Company primarily recognizes expense based on the fair value at the grant date on a straight-line basis over the vesting period representing the requisite service period and adjusts expense for forfeitures as they occur. See Note 7 – "Equity-Based Compensation" for further information.
Recently Adopted Accounting and Recently Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848) In April 2020, the FASB issued a question-and-answer document (the “Lease Modification Q&A”) focused on the application of lease accounting guidance to lease concessions provided as a result of COVID-19. Under existing lease guidance, the Company would have to determine, on a lease by lease basis, if a lease concession was the result of a new arrangement reached with the tenant (treated with the lease modification accounting framework) or if a lease concession was under the enforceable rights and obligations within the existing lease agreement (precluded from applying the lease modification accounting framework). The Lease Modification Q&A grants relief to entities, allowing them an election to not evaluate whether lease-related relief that lessors provide to mitigate the economic effects of COVID-19 on lessees is a lease modification under Topic 842, Leases. An entity that makes this election can then elect whether to apply the modification guidance (i.e. assume the relief was always contemplated by the contract or assume the relief was not contemplated by the contract). Both lessees and lessors may make this election. The Company has elected to apply such relief and will avail itself of the election to avoid performing a lease by lease analysis.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Reconciliation of Cash, Cash Equivalents and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the Company’s consolidated balance sheets to such amounts shown on the Company’s consolidated statements of cash flows: December 31, 2021 2020 Cash and cash equivalents $ 8,229 $ 12,906 Restricted cash 5,154 1,079 Total cash, cash equivalents, and restricted cash $ 13,383 $ 13,985
Schedule of Estimated Useful Lives of Assets	Cost capitalization and the estimate of useful lives require judgment and include significant estimates that can and do change. Depreciation expense is computed using the straight-line method. The Company anticipates the estimated useful lives of its assets by class to be generally: Building and other improvements 30 years Site improvements 5-15 years Furniture, fixtures and equipment 5-15 years Tenant improvements Shorter of the life of the asset or the term of the related lease Leasing fees Term of the related lease

Acquired Intangible Assets an_2

Acquired Intangible Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Liabilities	The following table summarizes the Company’s identified intangible assets and liabilities as of December 31, 2021 and 2020: December 31, 2021 December 31, 2020 Intangible assets: Acquired in-place lease value $ 156,918 $ 156,918 Acquired above market lease value 45,742 45,742 Accumulated amortization (144,457 ) (131,121 ) Less: Assets related to investment properties held for sale — — Acquired lease intangibles, net $ 58,203 $ 71,539 Intangible liabilities: Acquired below market lease value $ 70,260 $ 70,260 Accumulated amortization (32,342 ) (28,602 ) Less: Liabilities related to investment properties held for sale — — Acquired below market lease intangibles, net $ 37,918 $ 41,658
Schedule of Amortization of Acquired In Place Lease Value, Above Market Ground Lease, Above and Below Market Lease Values	Amortization pertaining to acquired in-place lease value, above market ground lease, above market lease value and below market lease value is summarized below: Amortization recorded as amortization expense: 2021 2020 2019 Acquired in-place lease value $ 10,369 $ 14,724 $ 17,841 Amortization recorded as a reduction to property operating expense: Above market ground lease $ — $ — $ — Amortization recorded as a (reduction) increase to rental income: Acquired above market leases $ (2,966 ) $ (3,089 ) $ (3,502 ) Acquired below market leases 3,739 5,162 4,907 Net rental income increase $ 773 $ 2,073 $ 1,405
Schedule of Estimated Amortization of Intangible Lease Assets and Liabilities	Estimated amortization of the respective intangible lease assets and liabilities as of December 31, 2021 for each of the five succeeding years and thereafter is as follows: Acquired In-Place Leases Above Market Leases Below Market Leases 2022 $ 7,630 $ 2,656 $ 3,378 2023 6,429 2,468 3,111 2024 5,403 2,305 2,928 2025 3,530 2,030 2,729 2026 2,479 1,792 2,631 Thereafter 11,871 9,610 23,141 Total $ 37,342 $ 20,861 $ 37,918

Debt and Derivative Instrumen_2

Debt and Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Mortgages and Credit Facilities Payable	As of December 31, 2021 and 2020, the Company had the following mortgages and credit facility payable: December 31, 2021 December 31, 2020 Type of Debt Principal Amount Weighted Average Interest Rate Principal Amount Weighted Average Interest Rate Fixed rate mortgages payable $ 118,463 3.88 % $ 163,738 4.25 % Variable rate mortgages payable with swap agreements 198,796 3.42 % 251,595 3.33 % Variable rate mortgages payable 684 1.70 % 684 1.75 % Mortgages payable $ 317,943 3.59 % $ 416,017 3.69 % Credit facility payable 279,000 3.03 % 215,000 3.89 % Total debt before unamortized mortgage premiums and debt issuance costs including impact of interest rate swaps $ 596,943 3.33 % $ 631,017 3.76 % Add: Unamortized mortgage premiums 17 419 Less: Unamortized debt issuance costs (1,418 ) (2,718 ) Total debt $ 595,542 $ 628,718
Schedule of Principal Payments and Maturities of Company's Debt	As of December 31, 2021, scheduled principal payments and maturities on the Company’s debt were as follows: December 31, 2021 Scheduled Principal Payments and Maturities by Year: Scheduled Principal Payments Maturities of Mortgage Loans Maturity of Credit Facility Total 2022 $ 624 $ 101,537 $ 129,000 $ 231,161 2023 326 77,437 150,000 227,763 2024 341 — — 341 2025 295 92,656 — 92,951 2026 — 44,727 — 44,727 Thereafter — — — — Total $ 1,586 $ 316,357 $ 279,000 $ 596,943
Summary of Interest Rate Swap Contracts Outstanding	The following table summarizes the Company’s interest rate swap contracts outstanding as of December 31, 2021. Date Entered Effective Date Maturity Date Pay Fixed Rate (a) Notional Amount Fair Value December 2021 Liabilities February 11, 2015 March 2, 2015 March 1, 2022 2.02 % $ 6,114 $ (19 ) April 7, 2015 April 7, 2015 April 7, 2022 1.74 % 47,745 (203 ) September 17, 2015 September 17, 2015 September 17, 2022 1.90 % 13,700 (154 ) October 2, 2015 November 1, 2015 November 1, 2022 1.79 % 13,100 (154 ) December 23, 2015 December 23, 2015 January 2, 2026 2.30 % 26,000 (1,168 ) June 7, 2016 July 1, 2016 July 1, 2023 1.42 % 41,348 (475 ) July 21, 2016 August 1, 2016 August 1, 2023 1.30 % 36,089 (347 ) June 5, 2017 May 31, 2017 May 15, 2022 1.90 % 14,700 (94 ) August 23, 2018 September 4, 2018 August 1, 2023 2.73 % 60,000 (1,941 ) August 23, 2018 September 4, 2018 August 1, 2023 2.74 % 25,000 (809 ) August 23, 2018 September 4, 2018 August 1, 2023 2.74 % 25,000 (811 ) August 23, 2018 September 4, 2018 August 1, 2023 2.73 % 40,000 (1,294 ) $ 348,796 $ (7,469 ) (a) Receive floating rate index based upon one month LIBOR. At December 31, 2021, the one-month LIBOR was 0.10%.
Schedule of Effect of Derivatives on Consolidated Statements of Operations and Other Comprehensive Loss	The table below presents the effect of the Company’s derivative financial instruments on the consolidated statements of operations and comprehensive loss for the years ended December 31, 2021 , 2020 and 2019 . Year Ended December 31, Derivatives in Cash Flow Hedging Relationships: 2021 2020 2019 Effective portion of derivatives $ 2,445 $ (16,497 ) $ (11,513 ) Reclassification adjustment for amounts included in net gain or loss (effective portion) $ 7,654 $ 5,837 $ (888 )

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Restricted Shares and Restricted Share Units	A summary of the Company’s restricted share and restricted share unit activity during the years ended December 31, 2021, 2020 and 2019 is as follows: Restricted Shares Restricted Share Units Outstanding at December 31, 2018 3,224 1,201 Granted (at grant date fair value of $20.12 per share) 2,237 849 Vested (1,555 ) (570 ) Outstanding at December 31, 2019 3,906 1,480 Granted (at grant date fair value of $18.15 per share) 4,408 — Vested (1,857 ) (797 ) Outstanding at December 31, 2020 6,457 683 Granted (at grant date fair value of $18.08 per share) 4,425 4 Vested (2,774 ) (435 ) Outstanding at December 31, 2021 8,108 252

Income Tax and Distributions (T

Income Tax and Distributions (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax And Distributions [Abstract]
Schedule of Distributions Declared and Paid or Rescinded	The table below presents the distributions declared and paid or rescinded during the years ended December 31, 2021, 2020 and 2019. December 31, 2021 2020 2019 Distributions paid $ 9,767 $ 10,841 $ 44,245 Distributions declared $ 14,655 $ 8,173 $ 43,162 Distributions rescinded $ — $ (8,173 ) $ —
Tax Character of Distributions to Common Stockholders	The following table sets forth the taxability of distributions on common shares, on a per share basis, paid in 2021, 2020 and 2019 2021 2020 2019 Ordinary income $ 0.12 $ — $ — Capital gain $ — $ — $ 0.03 Nontaxable return of capital $ 0.15 $ 0.30 $ 1.21

Transactions with Related Par_2

Transactions with Related Parties (Tables)	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following table summarizes the Company’s related party transactions for the years ended December 31, . Year ended December 31, Unpaid amounts as of 2021 2020 2019 December 31, 2021 December 31, 2020 General and administrative reimbursements (a) $ 1,409 $ 1,505 $ 1,324 $ 209 $ 237 Acquisition related costs $ — $ — $ — $ — $ — Acquisition fees — — — — — Total acquisition costs and fees (b) $ — $ — $ — $ — $ — Real estate management fees $ 4,734 $ 4,168 $ 4,841 $ — $ 387 Property operating expenses 1,321 1,585 1,395 — 178 Construction management fees 66 44 186 — 4 Leasing fees 284 238 296 87 77 Total real estate management related costs (c) $ 6,405 $ 6,035 $ 6,718 $ 87 $ 646 Business management fees (d) $ 8,950 $ 8,924 $ 9,342 $ 2,241 $ 4,465 (a) The Business Manager and its related parties are entitled to reimbursement for certain general and administrative expenses incurred by the Business Manager and its related parties relating to the Company’s administration. Such costs are included in general and administrative expenses on the consolidated statements of operations and comprehensive loss. Unpaid amounts are included in due to related parties on the consolidated balance sheets. (b) Prior to February 11, 2019, t he Company was required to pay the Business Manager or its affiliates a fee equal to 1.5 % of the “contract purchase price,” as defined, of each asset acquired. The business management agreement was amended and restated to, among other things, remove the obligation to pay acquisition fees and disposition fees payable to the Business Manager by the Company with respect to transactions occurring on or after February 11, 2019. The Business Manager and its related parties continue to be reimbursed for acquisition and transaction related costs of the Business Manager and its related parties relating to the Company’s acquisition activities, regardless of whether the Company acquires the real estate assets. There were no related party acquisition costs or fees incurred during the year s ended December 31, 2021 and 2020. (c) For each property that is managed by Inland Commercial Real Estate Services LLC (the “Real Estate Manager”) (and its predecessor), the Company pays a monthly real estate management fee of up to 1.9% of the gross income from any single-tenant, net-leased property, and up to 3.9% of the gross income from any other property type. The Real Estate Manager determines, in its sole discretion, the amount of the fee with respect to a particular property, subject to the limitations. For each property that is managed directly by the Real Estate Manager or its affiliates, the Company pays the Real Estate Manager a separate leasing fee. Further, in the event that the Company engages its Real Estate Manager to provide construction management services for a property, the Company pays a separate construction management fee. Leasing fees are included in deferred costs, net and construction management fees are included in building and other improvements on the consolidated balance sheets. The Company also reimburses the Real Estate Manager and its affiliates for property-level expenses that they pay or incur on the Company’s behalf, including the salaries, bonuses and benefits of persons performing services for the Real Estate Manager and its affiliates except for the salaries, bonuses and benefits of persons who also serve as an executive officer of the Real Estate Manager or the Company. Real estate management fees and reimbursable expenses are included in property operating expenses on the consolidated statements of operations and comprehensive loss. (d) The Company pays the Business Manager an annual business management fee equal to 0.65% of its “average invested assets”. The fee is payable quarterly in an amount equal to 0.1625% of its average invested assets as of the last day of the immediately preceding quarter. “Average invested assets” means, for any period, the average of the aggregate book value of the Company’s assets, including all intangibles and goodwill, invested, directly or indirectly, in equity interests in, and loans secured by, properties, as well as amounts invested in securities and consolidated and unconsolidated joint ventures or other partnerships, before reserves for amortization and depreciation or bad debts, impairments or other similar non-cash reserves, computed by taking the average of these values at the end of each month during the relevant calendar quarter. Unpaid amounts are included in due to related parties on the consolidated balance sheets.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Summary of Rental Income Related to Operating Leases	Rental income related to the Company's operating leases is comprised of the following for the years ended December 31, 2021, 2020 and 2019: Year Ended December 31, 2021 2020 2019 Rental income - fixed payments $ 95,157 $ 90,808 $ 101,689 Rental income - variable payments (a) 23,027 22,646 25,560 Amortization of acquired market leases, net 773 2,073 1,405 Rental income $ 118,957 $ 115,527 $ 128,654 (a) Primarily includes tenant recovery income for real estate taxes, common area maintenance and insurance.
Schedule of Future Base Rent Payments to be Received Under Operating Leases	The future base rent payments to be received under operating leases including ground leases as of December 31, 2021 for the years indicated, assuming no expiring leases are renewed, are as follows: Lease Payments 2022 $ 87,104 2023 76,788 2024 63,931 2025 47,417 2026 37,913 Thereafter 113,948 Total $ 427,101
Summary of Future Ground Lease Payments	Lease payments for the ground lease as of December 31, 2021 for each of the five succeeding years and thereafter is as follows: Lease Payments 2022 $ 1,202 2023 1,264 2024 1,264 2025 1,264 2026 1,264 Thereafter 84,584 Total $ 90,842

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Schedule of Fair Value Assets and Liabilities Measured on a Recurring Basis	For assets and liabilities measured at fair value on a recurring basis, the table below presents the fair value of the Company’s cash flow hedges as well as their classification on the consolidated balance sheets as of December 31, 2021 and 2020, respectively. Fair Value Level 1 Level 2 Level 3 Total December 31, 2021 Interest rate swap agreements - Other assets $ — $ — $ — $ — Interest rate swap agreements - Other liabilities $ — $ 7,469 $ — $ 7,469 December 31, 2020 Interest rate swap agreements - Other assets $ — $ — $ — $ — Interest rate swap agreements - Other liabilities $ — $ 17,568 $ — $ 17,568

Subsequent Events (Tables)

Subsequent Events (Tables)	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Summary of Repayment of Mortgages	Subsequent to year end, the Company repaid the following mortgage loans: Property Name Date of payoff Outstanding principal amount repaid Dixie Valley January 21, 2022 $ 6,798 Eastside Junction March 1, 2022 $ 5,787 White City March 7, 2022 $ 47,579 Pentucket Shopping Center March 15, 2022 $ 14,700

Organization (Narrative) (Detai

Organization (Narrative) (Details)	1 Months Ended	12 Months Ended
	Jan. 31, 2020Property	Dec. 31, 2021ft²PropertyState	Dec. 31, 2019Property	Mar. 04, 2022
Organization [Line Items]
Number of properties sold	3		12
Number of retail properties owned		44
Square footage of real estate properties owned | ft²		6,481,262
Number of states in which company owns real estate properties | State		21
Weighted average physical occupancy rate of property portfolio		93.40%
Weighted average economic occupancy rate of property portfolio		93.90%
Share Repurchase Program [Member]
Organization [Line Items]
Suspension effective date		Jun. 26, 2020
Announcement date for reinstatement of Share Repurchase Program		Jun. 29, 2021
First share repurchase following the reinstatement of Share Repurchase Program occurred		Aug. 16, 2021
Subsequent Event [Member]
Organization [Line Items]
Percentage of share price on repurchase of shares				80.00%
Subsequent Event [Member] | Share Repurchase Program [Member]
Organization [Line Items]
Percentage of share price on repurchase of shares				80.00%
DRP [Member]
Organization [Line Items]
Suspension effective date		Jun. 6, 2020
Announcement date for reinstatement of DRP		Jun. 29, 2021
Effective date of reinstatement of DRP		Jul. 22, 2021

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Acquired Finite Lived Intangible Assets [Line Items]
Earnout liability outstanding	$ 0	$ 0	$ 0
Provision for asset impairment	0	0	4,420,000
Depreciation expense	37,806,000	37,495,000	39,304,000
Amortization of leasing fees	731,000	615,000	$ 546,000
COVID-19 [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Deferred rent receivable	$ 399,000	$ 4,457,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Reconciliation of Cash, Cash Equivalents and Restricted Cash) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Cash and cash equivalents	$ 8,229	$ 12,906
Restricted cash	5,154	1,079
Total cash, cash equivalents, and restricted cash	$ 13,383	$ 13,985	$ 5,533	$ 16,240

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Schedule of Estimated Useful Lives of Assets ) (Details)	12 Months Ended
	Dec. 31, 2021
Building and other improvements [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives	30 years
Site improvements [Member] | Minimum [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives	5 years
Site improvements [Member] | Maximum [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives	15 years
Furniture, fixtures and equipment [Member] | Minimum [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives	5 years
Furniture, fixtures and equipment [Member] | Maximum [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives	15 years
Tenant Improvements [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives, description	Shorter of the life of the asset or the term of the related lease
Leasing fees [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives, description	Term of the related lease

Equity (Narrative) (Details)

Equity (Narrative) (Details) - USD ($)	Oct. 19, 2015	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Oct. 16, 2015	Mar. 03, 2020
Equity [Line Items]
Common stock, shares sold		36,040,928	36,022,368		33,534,022
Proceeds from offering					$ 834,399,000
Distribution reinvested		$ 3,749,000	$ 4,547,000	$ 19,642,000
Stock repurchase program, amount		2,777,000	127,000	9,381,000
Other liabilities		$ 14,414,000	23,355,000
Third Amended and Restated Share Repurchase Program [Member]
Equity [Line Items]
Stock repurchase program per share amount						$ 25
Limit on share repurchases as a percentage of proceeds of the distribution reinvestment program		50.00%
Description of share repurchase program		Under the Third A&R SRP, the Company is authorized to make ordinary repurchases and Exceptional Repurchases at a price equal to 80.0% of the ?share price,? which is defined in the Third A&R SRP as an amount equal to the lesser of: (A) $25, as adjusted under certain circumstances, including, among other things, if the applicable shares were purchased from the Company at a discounted price; or (B) the most recently disclosed estimated value per share. Prior to the amendment, the Company was authorized to make Exceptional Repurchases at a price equal to 100% of the ?share price.? The Third A&R SRP provides the Company?s board of directors with the discretion to reduce the funding limit for share repurchases. The Third A&R SRP limits the dollar amount for any repurchases made by the Company each calendar quarter to an amount equal to a percentage determined in the sole discretion of the board on a quarterly basis that will not be less than 50% of the net proceeds from the DRP during the applicable quarter. As the Company?s board of directors has suspended the SRP, there is no current effective limit based on % of the net proceeds from the DRP. See Note 1 ? ?Organization? for further discussion on the suspension of the SRP. The Company continues to limit the number of shares repurchased during any calendar year to 5% of the number of shares outstanding on December 31st of the previous calendar year, as adjusted for any stock splits or other combinations. If either or both of the repurchase limitations prevent the Company from repurchasing all of the shares offered for repurchase during a calendar quarter, the Company will repurchase shares, on a pro rata basis within each category below, in accordance with the repurchase limitations in the following order: (a) first, all Exceptional Repurchases and (b) second, all ordinary repurchases.
Third Amended and Restated Share Repurchase Program [Member] | Exceptional Repurchases [Member]
Equity [Line Items]
Percentage of share price on repurchase of shares						80.00%
Prior Share Repurchase Agreement [Member] | Exceptional Repurchases [Member]
Equity [Line Items]
Percentage of share price on repurchase of shares						100.00%
Stock Repurchase Program [Member]
Equity [Line Items]
Other liabilities		$ 0	0
Minimum [Member]
Equity [Line Items]
Stock repurchase program, to be held		1 year
Maximum [Member] | Third Amended and Restated Share Repurchase Program [Member]
Equity [Line Items]
Percentage of prior fiscal year end outstanding shares that may be repurchased		5.00%
DRP [Member]
Equity [Line Items]
Number of shares available to be issued under the DRP	25,000,000
Distribution reinvested		$ 3,749,000	$ 4,547,000	$ 19,642,000

Dispositions - Additional Infor

Dispositions - Additional Information (Details)	1 Months Ended	12 Months Ended
	Jan. 31, 2020USD ($)Property	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)Property
Assets Of Disposal Group Including Discontinued Operation [Abstract]
Number of properties sold | Property	3			12
Cash proceeds from sale of property	$ 37,255,000		$ 37,255,000	$ 14,872,000
Gain on sale of investment properties				$ 3,279,000
Number of additional properties classified as held for sale | Property				3
Provision for asset impairment		$ 0	0	$ 4,420,000
Number of additional properties sold | Property	3
Proceeds from sale of investment properties	$ 37,255,000		$ 37,255,000	$ 14,872,000

Acquired Intangible Assets an_3

Acquired Intangible Assets and Liabilities (Schedule of Intangible Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Intangible assets:
Accumulated amortization	$ (144,457)	$ (131,121)
Acquired lease intangibles, net	58,203	71,539
Intangible liabilities:
Acquired below market lease value	70,260	70,260
Accumulated amortization	(32,342)	(28,602)
Acquired below market lease intangibles, net	37,918	41,658
Acquired in-place lease value [Member]
Intangible assets:
Acquired intangible assets	156,918	156,918
Acquired lease intangibles, net	37,342
Acquired above market lease value [Member]
Intangible assets:
Acquired intangible assets	45,742	$ 45,742
Acquired lease intangibles, net	$ 20,861

Acquired Intangible Assets an_4

Acquired Intangible Assets and Liabilities (Schedule of Amortization of Acquired In Place Lease Value, Above Market Ground Lease, Above and Below Market Lease Values) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Acquired Finite Lived Intangible Assets [Line Items]
Amortization recorded as a (reduction) increase to rental income	$ 773	$ 2,073	$ 1,405
Acquired in-place lease value [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Amortization recorded as amortization expense	10,369	14,724	17,841
Acquired above market lease value [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Amortization recorded as a (reduction) increase to rental income	(2,966)	(3,089)	(3,502)
Acquired below market lease value [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Amortization recorded as a (reduction) increase to rental income	$ 3,739	$ 5,162	$ 4,907

Acquired Intangible Assets an_5

Acquired Intangible Assets and Liabilities (Schedule of Estimated Amortization of Intangible Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Future amortization for acquired in-place and above market lease assets:
Acquired lease intangibles, net	$ 58,203	$ 71,539
Future amortization for below market lease liabilities:
2022	3,378
2023	3,111
2024	2,928
2025	2,729
2026	2,631
Thereafter	23,141
Total	37,918
Acquired in-place lease value [Member]
Future amortization for acquired in-place and above market lease assets:
2022	7,630
2023	6,429
2024	5,403
2025	3,530
2026	2,479
Thereafter	11,871
Acquired lease intangibles, net	37,342
Above Market Leases [Member]
Future amortization for acquired in-place and above market lease assets:
2022	2,656
2023	2,468
2024	2,305
2025	2,030
2026	1,792
Thereafter	9,610
Acquired lease intangibles, net	$ 20,861

Debt and Derivative Instrumen_3

Debt and Derivative Instruments (Narrative) (Details)	Sep. 29, 2020	Dec. 31, 2021USD ($)Property	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Sep. 30, 2020
Debt Instrument [Line Items]
Indebtedness includes effects of interest rate swap, weighted average interest rate		3.33%
Carrying value of debt		$ 596,943,000	$ 631,017,000
Estimated fair value of debt		591,089,000	625,751,000
Outstanding line of credit		279,000,000	215,000,000
Interest expense		23,240,000	$ 25,349,000	$ 28,305,000
Amount expected to be reclassified from accumulated other comprehensive loss into income in the next twelve months		$ 5,246,000
Mortgages Payable [Member]
Debt Instrument [Line Items]
Debt, covenant compliance		the Company was current on all of its payments and except for two mortgage loans with covenant violations which only required cash maintenance accounts be established for their two mortgaged properties, all other mortgage loans were in compliance with their financial covenants. For one of those two properties and an additional mortgaged property, the mortgage loans have covenants that required the Company to calculate an assumed debt service coverage ratio (the “Assumed DSCR”) and to make principal paydowns or deposit additional collateral to achieve a minimum Assumed DSCR of at least 0.975 to 1.00. On September 30, 2021, the Company drew on its Credit Facility and used cash on hand to make principal paydowns on those two loans totaling $13,793, and are now in compliance with those covenants.
Properties with covenant violations | Property		2
Principal payments		$ 13,793,000
Weighted Average Years to Maturity		2 years 3 months 18 days
Mortgages Payable [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt service coverage ratio		0.975
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity		$ 200,000,000
Line of credit accordion feature to increase available borrowings		700,000,000
Outstanding line of credit		$ 129,000,000
Credit facility, interest rate		1.75%
Credit facility, maturity date		Aug. 1, 2022
Line of credit facility, expiration date, extension period		1 year
Credit facility available for borrowing		$ 71,000,000
Term Loan [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity		150,000,000
Outstanding line of credit		$ 150,000,000
Credit facility, interest rate		4.13%
Credit facility, maturity date		Aug. 1, 2023
Credit Facility [Member]
Debt Instrument [Line Items]
Carrying value of debt		$ 279,000,000
Number of properties pledged as collateral | Property		30
Debt, covenant compliance		the Company is in compliance with all financial covenants related to the Credit Facility as amended
Leverage ratio	65.00%				62.50%
Credit Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
LIBOR floor rate	25.00%

Debt and Derivative Instrumen_4

Debt and Derivative Instruments (Schedule of Mortgages and Credit Facility Payable) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Mortgage Loans On Real Estate [Line Items]
Mortgages payable	$ 317,943	$ 416,017
Credit facility payable	279,000	215,000
Total debt before unamortized mortgage premiums and debt issuance costs including impact of interest rate swaps	596,943	631,017
Add: Unamortized mortgage premiums	17	419
Less: Unamortized debt issuance costs	(1,418)	(2,718)
Total debt	$ 595,542	$ 628,718
Mortgages Payable, Weighted Average Interest Rate	3.59%	3.69%
Credit Facilities Payable, Weighted Average Interest Rate	3.03%	3.89%
Total debt before unamortized mortgage premiums and debt issuance costs including impact of interest rate swaps, Weighted Average Interest Rate	3.33%	3.76%
Fixed rate mortgages payable [Member]
Mortgage Loans On Real Estate [Line Items]
Mortgages payable	$ 118,463	$ 163,738
Mortgages Payable, Weighted Average Interest Rate	3.88%	4.25%
Variable rate mortgages payable with swap agreements [Member]
Mortgage Loans On Real Estate [Line Items]
Mortgages payable	$ 198,796	$ 251,595
Mortgages Payable, Weighted Average Interest Rate	3.42%	3.33%
Variable rate mortgages payable [Member]
Mortgage Loans On Real Estate [Line Items]
Mortgages payable	$ 684	$ 684
Mortgages Payable, Weighted Average Interest Rate	1.70%	1.75%

Debt and Derivative Instrumen_5

Debt and Derivative Instruments (Schedule of Principal Payments and Maturities of Company's Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
2022	$ 231,161
2023	227,763
2024	341
2025	92,951
2026	44,727
Total debt before unamortized mortgage premiums and debt issuance costs including impact of interest rate swaps	596,943	$ 631,017
Maturity of Credit Facility [Member]
Debt Instrument [Line Items]
2022	129,000
2023	150,000
Total debt before unamortized mortgage premiums and debt issuance costs including impact of interest rate swaps	279,000
Scheduled Principal Payments [Member]
Debt Instrument [Line Items]
2022	624
2023	326
2024	341
2025	295
Total debt before unamortized mortgage premiums and debt issuance costs including impact of interest rate swaps	1,586
Maturities of Mortgage Loans [Member]
Debt Instrument [Line Items]
2022	101,537
2023	77,437
2025	92,656
2026	44,727
Total debt before unamortized mortgage premiums and debt issuance costs including impact of interest rate swaps	$ 316,357

Debt and Derivative Instrumen_6

Debt and Derivative Instruments (Summary of Interest Rate Swap Contracts Outstanding) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Derivative [Line Items]
Derivative liability, notional amount	$ 348,796
Recurring [Member]
Derivative [Line Items]
Fair value of derivative liabilities measured on recurring basis	$ (7,469)
Interest Rate Swap One [Member]
Derivative [Line Items]
Derivative instrument, date entered	Feb. 11, 2015
Derivative instrument, effective date	Mar. 2, 2015
Derivative instrument, maturity date	Mar. 1, 2022
Derivative instrument, pay fixed interest rate	2.02%	[1]
Derivative liability, notional amount	$ 6,114
Interest Rate Swap One [Member] | Recurring [Member]
Derivative [Line Items]
Fair value of derivative liabilities measured on recurring basis	$ (19)
Interest Rate Swap Two [Member]
Derivative [Line Items]
Derivative instrument, date entered	Apr. 7, 2015
Derivative instrument, effective date	Apr. 7, 2015
Derivative instrument, maturity date	Apr. 7, 2022
Derivative instrument, pay fixed interest rate	1.74%	[1]
Derivative liability, notional amount	$ 47,745
Interest Rate Swap Two [Member] | Recurring [Member]
Derivative [Line Items]
Fair value of derivative liabilities measured on recurring basis	$ (203)
Interest Rate Swap Three [Member]
Derivative [Line Items]
Derivative instrument, date entered	Sep. 17, 2015
Derivative instrument, effective date	Sep. 17, 2015
Derivative instrument, maturity date	Sep. 17, 2022
Derivative instrument, pay fixed interest rate	1.90%	[1]
Derivative liability, notional amount	$ 13,700
Interest Rate Swap Three [Member] | Recurring [Member]
Derivative [Line Items]
Fair value of derivative liabilities measured on recurring basis	$ (154)
Interest Rate Swap Four [Member]
Derivative [Line Items]
Derivative instrument, date entered	Oct. 2, 2015
Derivative instrument, effective date	Nov. 1, 2015
Derivative instrument, maturity date	Nov. 1, 2022
Derivative instrument, pay fixed interest rate	1.79%	[1]
Derivative liability, notional amount	$ 13,100
Interest Rate Swap Four [Member] | Recurring [Member]
Derivative [Line Items]
Fair value of derivative liabilities measured on recurring basis	$ (154)
Interest Rate Swap Five [Member]
Derivative [Line Items]
Derivative instrument, date entered	Dec. 23, 2015
Derivative instrument, effective date	Dec. 23, 2015
Derivative instrument, maturity date	Jan. 2, 2026
Derivative instrument, pay fixed interest rate	2.30%	[1]
Derivative liability, notional amount	$ 26,000
Interest Rate Swap Five [Member] | Recurring [Member]
Derivative [Line Items]
Fair value of derivative liabilities measured on recurring basis	$ (1,168)
Interest Rate Swap Six [Member]
Derivative [Line Items]
Derivative instrument, date entered	Jun. 7, 2016
Derivative instrument, effective date	Jul. 1, 2016
Derivative instrument, maturity date	Jul. 1, 2023
Derivative instrument, pay fixed interest rate	1.42%	[1]
Derivative liability, notional amount	$ 41,348
Interest Rate Swap Six [Member] | Recurring [Member]
Derivative [Line Items]
Fair value of derivative liabilities measured on recurring basis	$ (475)
Interest Rate Swap Seven [Member]
Derivative [Line Items]
Derivative instrument, date entered	Jul. 21, 2016
Derivative instrument, effective date	Aug. 1, 2016
Derivative instrument, maturity date	Aug. 1, 2023
Derivative instrument, pay fixed interest rate	1.30%	[1]
Derivative liability, notional amount	$ 36,089
Interest Rate Swap Seven [Member] | Recurring [Member]
Derivative [Line Items]
Fair value of derivative liabilities measured on recurring basis	$ (347)
Interest Rate Swap Eight [Member]
Derivative [Line Items]
Derivative instrument, date entered	Jun. 5, 2017
Derivative instrument, effective date	May 31, 2017
Derivative instrument, maturity date	May 15, 2022
Derivative instrument, pay fixed interest rate	1.90%	[1]
Derivative liability, notional amount	$ 14,700
Interest Rate Swap Eight [Member] | Recurring [Member]
Derivative [Line Items]
Fair value of derivative liabilities measured on recurring basis	$ (94)
Interest Rate Swap Nine [Member]
Derivative [Line Items]
Derivative instrument, date entered	Aug. 23, 2018
Derivative instrument, effective date	Sep. 4, 2018
Derivative instrument, maturity date	Aug. 1, 2023
Derivative instrument, pay fixed interest rate	2.73%	[1]
Derivative liability, notional amount	$ 60,000
Interest Rate Swap Nine [Member] | Recurring [Member]
Derivative [Line Items]
Fair value of derivative liabilities measured on recurring basis	$ (1,941)
Interest Rate Swap Ten [Member]
Derivative [Line Items]
Derivative instrument, date entered	Aug. 23, 2018
Derivative instrument, effective date	Sep. 4, 2018
Derivative instrument, maturity date	Aug. 1, 2023
Derivative instrument, pay fixed interest rate	2.74%	[1]
Derivative liability, notional amount	$ 25,000
Interest Rate Swap Ten [Member] | Recurring [Member]
Derivative [Line Items]
Fair value of derivative liabilities measured on recurring basis	$ (809)
Interest Rate Swap Eleven [Member]
Derivative [Line Items]
Derivative instrument, date entered	Aug. 23, 2018
Derivative instrument, effective date	Sep. 4, 2018
Derivative instrument, maturity date	Aug. 1, 2023
Derivative instrument, pay fixed interest rate	2.74%	[1]
Derivative liability, notional amount	$ 25,000
Interest Rate Swap Eleven [Member] | Recurring [Member]
Derivative [Line Items]
Fair value of derivative liabilities measured on recurring basis	$ (811)
Interest Rate Swap Twelve [Member]
Derivative [Line Items]
Derivative instrument, date entered	Aug. 23, 2018
Derivative instrument, effective date	Sep. 4, 2018
Derivative instrument, maturity date	Aug. 1, 2023
Derivative instrument, pay fixed interest rate	2.73%	[1]
Derivative liability, notional amount	$ 40,000
Interest Rate Swap Twelve [Member] | Recurring [Member]
Derivative [Line Items]
Fair value of derivative liabilities measured on recurring basis	$ (1,294)
[1]	Receive floating rate index based upon one month LIBOR. At December 31, 2021, the one-month LIBOR was 0.10%.

Debt and Derivative Instrumen_7

Debt and Derivative Instruments (Summary of Interest Rate Swap Contracts Outstanding) (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2021
Derivative [Line Items]
Derivative instrument, receive floating rate index	one-month LIBOR
LIBOR [Member]
Derivative [Line Items]
One month floating rate	0.10%

Debt and Derivative Instrumen_8

Debt and Derivative Instruments (Schedule of Effect of Derivatives on Consolidated Statements of Operations and Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment for amounts included in net gain or loss (effective portion)	$ 7,654	$ 5,837	$ (888)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion of derivatives	2,445	(16,497)	(11,513)
Reclassification adjustment for amounts included in net gain or loss (effective portion)	$ 7,654	$ 5,837	$ (888)

Equity-Based Compensation - Nar

Equity-Based Compensation - Narrative (Details) - USD ($) $ in Thousands	Dec. 02, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation vesting percentage	33.33%
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average remaining period unrecognized compensation expense related to non-vested		1 year 8 months 26 days
Common stock shares issued upon vesting		1
Share-based compensation shares issued	4,425
Restricted Stock [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation vesting period		1 year
Restricted Stock [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation vesting period		3 years
Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average remaining period unrecognized compensation expense related to non-vested		1 year 8 months 26 days
Common stock shares issued upon vesting		1
Restricted Stock Units (RSUs) [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation vesting period		1 year
Restricted Stock Units (RSUs) [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation vesting period		3 years
Restricted Shares and Restricted Share Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation expense of unvested share-based awards		$ 97
Total fair value at vesting date		58	$ 48	$ 43
Non-Employee Directors [Member] | Restricted Shares and Restricted Share Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense		$ 51	$ 68	$ 53

Equity-Based Compensation (Summ

Equity-Based Compensation (Summary of the Restricted Shares and Restricted Share Units) (Details) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding, Shares	6,457	3,906	3,224
Granted, Shares	4,425	4,408	2,237
Vested, Shares	(2,774)	(1,857)	(1,555)
Outstanding, Shares	8,108	6,457	3,906
Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding, Shares	683	1,480	1,201
Granted, Shares	4		849
Vested, Shares	(435)	(797)	(570)
Outstanding, Shares	252	683	1,480

Equity-Based Compensation (Su_2

Equity-Based Compensation (Summary of the Restricted Shares and Restricted Share Units) (Parenthetical) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Granted, Grant Date Fair Value	$ 18.08	$ 18.15	$ 20.12

Income Tax and Distributions (N

Income Tax and Distributions (Narrative) (Details) - USD ($)	Oct. 07, 2021	Jun. 29, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Sep. 30, 2021	Jun. 30, 2021
Income Tax And Distributions [Line Items]
REIT taxable income (loss)			$ 4,154,000	$ (11,950,000)	$ 988,000
Uncertain tax positions			0	0
Increases or decreases in uncertain tax positions due to changes in tax positions			0
Interest or penalties recognized			$ 0	0	$ 0
Tax examination year			2018 2019 2020 2021
Amount per share of distributions					$ 0.3018	$ 0.135600	$ 0.135600
Dividends payable, date declared		Jun. 29, 2021
Dividends payable, date of record	Sep. 30, 2021	Jun. 30, 2021
Dividends payable, date to be paid	Oct. 7, 2021	Jul. 26, 2021
Annualized rate on Estimated Per Share NAV					6.00%
Mainstreet Texas Development Fund, LLC ("Mainstreet JV") [Member]
Income Tax And Distributions [Line Items]
Provision for asset impairment				$ 15,405,000
Effective income tax rate				28.51%
Federal tax rate				21.00%
Deferred tax benefit related to impairment				$ 4,400,000
Full valuation allowance				4,400,000
Reduction in the valuation allowance					$ 1,560,000
Reduction in the deferred tax asset					1,560,000
Deferred tax asset					2,840,000
Income tax expense (benefit)			$ 0	$ 0	$ 0
Capital loss carryforwards			$ 9,931,000
Capital loss carryforwards expiration date			2024
Mainstreet Texas Development Fund, LLC ("Mainstreet JV") [Member] | ILLINOIS [Member]
Income Tax And Distributions [Line Items]
State rate				9.50%
IL tax rate				7.51%
Minimum [Member]
Income Tax And Distributions [Line Items]
Percentage of adjusted REIT taxable income require to distribute among shareholders			90.00%

Income Tax and Distributions (S

Income Tax and Distributions (Schedule of Distributions Declared and Paid or Rescinded) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax And Distributions [Abstract]
Distributions paid	$ 9,767	$ 10,841	$ 44,245
Distributions declared	$ 14,655	8,173	$ 43,162
Distributions rescinded		$ (8,173)

Income Tax and Distributions -

Income Tax and Distributions - (Tax Character of Distributions to Common Stockholders) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax And Distributions [Abstract]
Ordinary income	$ 0.12
Capital gain			$ 0.03
Nontaxable return of capital	$ 0.15	$ 0.30	$ 1.21

Earnings (Loss) per Share (Deta

Earnings (Loss) per Share (Details) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Additional shares excluded from the computation of diluted earnings per share	4,304	4,287	2,902

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Earnout liability outstanding	$ 0	$ 0	$ 0

Segment Reporting (Details)

Segment Reporting (Details) - Segment	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting [Abstract]
Number of reportable segments	1	1	1

Transactions with Related Par_3

Transactions with Related Parties (Schedule of Related Party Transactions) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Due to related parties		$ 2,537	$ 5,348
General and Administrative Reimbursements [Member]
Related Party Transaction [Line Items]
General and administrative expenses incurred with related party	[1]	1,409	1,505	$ 1,324
Due to related parties	[1]	209	237
Real Estate Management Fees [Member]
Related Party Transaction [Line Items]
Real estate management related costs with related party		4,734	4,168	4,841
Due to related parties			387
Property Operating Expenses [Member]
Related Party Transaction [Line Items]
Real estate management related costs with related party		1,321	1,585	1,395
Due to related parties			178
Construction Management Fees [Member]
Related Party Transaction [Line Items]
Real estate management related costs with related party		66	44	186
Due to related parties			4
Leasing fees [Member]
Related Party Transaction [Line Items]
Real estate management related costs with related party		284	238	296
Due to related parties		87	77
Real Estate Management Costs [Member]
Related Party Transaction [Line Items]
Real estate management related costs with related party	[2]	6,405	6,035	6,718
Due to related parties	[2]	87	646
Business Management Fee [Member]
Related Party Transaction [Line Items]
Expenses incurred with related party	[3]	8,950	8,924	$ 9,342
Due to related parties	[3]	$ 2,241	$ 4,465
[1]	The Business Manager and its related parties are entitled to reimbursement for certain general and administrative expenses incurred by the Business Manager and its related parties relating to the Company’s administration. Such costs are included in general and administrative expenses on the consolidated statements of operations and comprehensive loss. Unpaid amounts are included in due to related parties on the consolidated balance sheets.
[2]	For each property that is managed by Inland Commercial Real Estate Services LLC (the “Real Estate Manager”) (and its predecessor), the Company pays a monthly real estate management fee of up to 1.9% of the gross income from any single-tenant, net-leased property, and up to 3.9% of the gross income from any other property type. The Real Estate Manager determines, in its sole discretion, the amount of the fee with respect to a particular property, subject to the limitations. For each property that is managed directly by the Real Estate Manager or its affiliates, the Company pays the Real Estate Manager a separate leasing fee. Further, in the event that the Company engages its Real Estate Manager to provide construction management services for a property, the Company pays a separate construction management fee. Leasing fees are included in deferred costs, net and construction management fees are included in building and other improvements on the consolidated balance sheets. The Company also reimburses the Real Estate Manager and its affiliates for property-level expenses that they pay or incur on the Company’s behalf, including the salaries, bonuses and benefits of persons performing services for the Real Estate Manager and its affiliates except for the salaries, bonuses and benefits of persons who also serve as an executive officer of the Real Estate Manager or the Company. Real estate management fees and reimbursable expenses are included in property operating expenses on the consolidated statements of operations and comprehensive loss.
[3]	The Company pays the Business Manager an annual business management fee equal to 0.65% of its “average invested assets”. The fee is payable quarterly in an amount equal to 0.1625% of its average invested assets as of the last day of the immediately preceding quarter. “Average invested assets” means, for any period, the average of the aggregate book value of the Company’s assets, including all intangibles and goodwill, invested, directly or indirectly, in equity interests in, and loans secured by, properties, as well as amounts invested in securities and consolidated and unconsolidated joint ventures or other partnerships, before reserves for amortization and depreciation or bad debts, impairments or other similar non-cash reserves, computed by taking the average of these values at the end of each month during the relevant calendar quarter. Unpaid amounts are included in due to related parties on the consolidated balance sheets.

Transactions with Related Par_4

Transactions with Related Parties (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Asset acquisition fee to contract purchase price, percentage			1.50%
Annual business management fee to its average invested assets, percentage	0.65%
Quarterly payable business management fee to its average invested assets, percentage	0.1625%
Acquisition Related Costs and Fee [Member]
Related Party Transaction [Line Items]
Total acquisition cost and fees	$ 0	$ 0
Monthly Real Estate Management Fee Of Single Tenant Property [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Property management fee, percentage of gross income	1.90%
Monthly Real Estate Management Fee Of Any Other Property [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Property management fee, percentage of gross income	3.90%

Leases - Additional Information

Leases - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)OperatingLease	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Jan. 01, 2019USD ($)	Jul. 01, 2007GroundLeaseRenewalOption
Operating Leased Assets [Line Items]
Number of retail operating leases | OperatingLease	700
Number of ground leases | GroundLease					1
Lessee, operating lease, option to extend	Assumed as part of a property purchased in October 2015 and extends through June 30, 2037 with six 5-year renewal options
Number of lessee renewal options | RenewalOption					6
Lessee, operating lease, renewal term					5 years
Operating lease liability	$ 24,396	$ 24,035
Operating lease right-of-use asset, net	14,570	15,013
Interest rate				6.225%
Accounts and rent receivable	18,560	21,851
COVID-19 [Member]
Operating Leased Assets [Line Items]
Accounts and rent receivable	18,560	21,851
Allowance for bad debts	1,259	4,638
Deferred rent receivable	399	4,457
Property Operating Expenses [Member]
Operating Leased Assets [Line Items]
Total rent expense	$ 1,944	$ 1,944	$ 1,944
ASU 2016-02 [Member]
Operating Leased Assets [Line Items]
Operating lease liability				$ 23,377
Operating lease right-of-use asset, net				$ 15,963
Minimum [Member]
Operating Leased Assets [Line Items]
Lessor, operating leases, remaining lease term	1 year
Maximum [Member]
Operating Leased Assets [Line Items]
Lessor, operating leases, remaining lease term	16 years

Leases - Summary of Rental Inco

Leases - Summary of Rental Income Related to Operating Leases (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Leases Lease Income [Abstract]
Rental income - fixed payments		$ 95,157	$ 90,808	$ 101,689
Rental income - variable payments	[1]	23,027	22,646	25,560
Amortization of acquired market leases, net		773	2,073	1,405
Rental income		$ 118,957	$ 115,527	$ 128,654
[1]	Primarily includes tenant recovery income for real estate taxes, common area maintenance and insurance.

Leases - Schedule of Future Bas

Leases - Schedule of Future Base Rent Payments to be Received Under Operating Leases (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Leases [Abstract]
2022	$ 87,104
2023	76,788
2024	63,931
2025	47,417
2026	37,913
Thereafter	113,948
Total	$ 427,101

Leases - Summary of Future Grou

Leases - Summary of Future Ground Lease Payments (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Operating Leases Future Minimum Payments Due [Abstract]
2022	$ 1,202
2023	1,264
2024	1,264
2025	1,264
2026	1,264
Thereafter	84,584
Total	$ 90,842

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule of Fair Value Assets and Liabilities Measured on a Recurring Basis) (Details) - Recurring [Member] - Interest Rate Swap Agreements [Member] - Other Liabilities [Member] - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Derivatives Fair Value [Line Items]
Interest rate swap agreements - Other liabilities	$ 7,469	$ 17,568
Level 2 [Member]
Derivatives Fair Value [Line Items]
Interest rate swap agreements - Other liabilities	$ 7,469	$ 17,568

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details)	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)Property
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impairment charges	$ 0	$ 0	$ 4,420,000
Non-recurring Fair Value Measurements [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Number of investment properties that met held for sale | Property			3
Impairment charges			$ 4,420,000

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details)	Feb. 03, 2022USD ($)Property	Mar. 16, 2022USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Mar. 04, 2022
Subsequent Event [Line Items]
Proceeds from credit facility			$ 72,097,000	$ 31,000,000	$ 7,500,000
Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Credit facility, maturity date			Aug. 1, 2022
Credit facility, interest rate			1.75%
Term Loan [Member]
Subsequent Event [Line Items]
Credit facility, maturity date			Aug. 1, 2023
Credit facility, interest rate			4.13%
Subsequent Event [Member]
Subsequent Event [Line Items]
Credit facility, pre-payable amount	$ 1,000,000
Percentage of share price on repurchase of shares						80.00%
Subsequent Event [Member] | Adjusted SOFR [Member]
Subsequent Event [Line Items]
Credit facility interest periods	one, three or six months
Subsequent Event [Member] | Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Credit facility, maturity date	Feb. 3, 2026
Proceeds from credit facility		$ 75,000,000
Subsequent Event [Member] | Revolving Credit Facility [Member] | Lenders [Member]
Subsequent Event [Line Items]
Aggregate amount of commitments	$ 200,000,000
Sublimit of swingline loans	25,000,000
Sublimit of letters of credit	$ 25,000,000
Subsequent Event [Member] | Term Loan [Member]
Subsequent Event [Line Items]
Term loan maturity date	Feb. 3, 2027
Subsequent Event [Member] | Minimum [Member] | Adjusted SOFR [Member]
Subsequent Event [Line Items]
Credit facility, interest rate	0.10%
Subsequent Event [Member] | Minimum [Member] | Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Credit facility, interest rate	1.30%
Subsequent Event [Member] | Minimum [Member] | Revolving Credit Facility [Member] | Base Rate
Subsequent Event [Line Items]
Credit facility, interest rate	0.30%
Subsequent Event [Member] | Minimum [Member] | Revolving Credit Facility [Member] | Lenders [Member]
Subsequent Event [Line Items]
Increase in aggregate total commitments under credit facility	$ 350,000,000
Aggregate amount of term loan commitments	$ 150,000,000
Number of unencumbered properties | Property	15
Unencumbered pool value	$ 300,000,000
Subsequent Event [Member] | Minimum [Member] | Term Loan [Member]
Subsequent Event [Line Items]
Credit facility, interest rate	1.25%
Subsequent Event [Member] | Minimum [Member] | Term Loan [Member] | Base Rate
Subsequent Event [Line Items]
Credit facility, interest rate	0.25%
Subsequent Event [Member] | Maximum [Member] | Adjusted SOFR [Member]
Subsequent Event [Line Items]
Credit facility, interest rate	0.25%
Subsequent Event [Member] | Maximum [Member] | Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Credit facility, interest rate	2.10%
Subsequent Event [Member] | Maximum [Member] | Revolving Credit Facility [Member] | Base Rate
Subsequent Event [Line Items]
Credit facility, interest rate	1.10%
Subsequent Event [Member] | Maximum [Member] | Revolving Credit Facility [Member] | Lenders [Member]
Subsequent Event [Line Items]
Increase in aggregate total commitments under credit facility	$ 475,000,000
Aggregate amount of term loan commitments	275,000,000
Time to time increasing size of credit facility	$ 825,000,000
Subsequent Event [Member] | Maximum [Member] | Term Loan [Member]
Subsequent Event [Line Items]
Credit facility, interest rate	2.05%
Subsequent Event [Member] | Maximum [Member] | Term Loan [Member] | Base Rate
Subsequent Event [Line Items]
Credit facility, interest rate	1.05%

Subsequent Events (Summary of R

Subsequent Events (Summary of Repayment of Mortgages) (Details) - USD ($) $ in Thousands	Mar. 16, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Subsequent Event [Line Items]
Outstanding principal amount repaid		$ 98,074	$ 928	$ 7,660
Subsequent Event [Member] | Mortgage Loans [Member] | Dixie Valley [Member]
Subsequent Event [Line Items]
Property Name	Dixie Valley
Date of payoff	Jan. 21, 2022
Outstanding principal amount repaid	$ 6,798
Subsequent Event [Member] | Mortgage Loans [Member] | Eastside Junction [Member]
Subsequent Event [Line Items]
Property Name	Eastside Junction
Date of payoff	Mar. 1, 2022
Outstanding principal amount repaid	$ 5,787
Subsequent Event [Member] | Mortgage Loans [Member] | White City [Member]
Subsequent Event [Line Items]
Property Name	White City
Date of payoff	Mar. 7, 2022
Outstanding principal amount repaid	$ 47,579
Subsequent Event [Member] | Mortgage Loans [Member] | Pentucket Shopping Center [Member]
Subsequent Event [Line Items]
Property Name	Pentucket Shopping Center
Date of payoff	Mar. 15, 2022
Outstanding principal amount repaid	$ 14,700

Schedule III Real Estate and Ac

Schedule III Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Real Estate And Accumulated Depreciation [Line Items]
Encumbrance		$ 317,943
Initial cost, Land	[1]	267,946
Initial cost, Buildings and Improvements	[1]	954,624
Cost Capitalized Subsequent to Acquisitions	[2]	38,505
Gross amount carried at end of period, Land	[3],[4]	267,946
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	993,129
Gross amount carried at end of period, Total		1,261,075	[3],[4]	$ 1,255,127	$ 1,251,869	$ 1,298,836
Accumulated Depreciation		(245,532)	[5]	$ (207,764)	$ (170,269)	$ (139,134)
Blossom Valley Plaza [Member] | Turlock, CA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	9,515
Initial cost, Buildings and Improvements	[1]	11,142
Cost Capitalized Subsequent to Acquisitions	[2]	684
Gross amount carried at end of period, Land	[3],[4]	9,515
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	11,826
Gross amount carried at end of period, Total	[3],[4]	21,341
Accumulated Depreciation	[5]	$ (2,871)
Date Constructed		1988
Date Acquired		2015
Blossom Valley Plaza [Member] | Turlock, CA [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Blossom Valley Plaza [Member] | Turlock, CA [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Branson Hills Plaza [Member] | Branson, MO [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 3,787
Initial cost, Buildings and Improvements	[1]	6,039
Cost Capitalized Subsequent to Acquisitions	[2]	174
Gross amount carried at end of period, Land	[3],[4]	3,787
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	6,213
Gross amount carried at end of period, Total	[3],[4]	10,000
Accumulated Depreciation	[5]	$ (1,661)
Date Constructed		2005
Date Acquired		2014
Branson Hills Plaza [Member] | Branson, MO [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Branson Hills Plaza [Member] | Branson, MO [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Coastal North Town Center [Member] | Myrtle Beach, SC [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrance		$ 41,348
Initial cost, Land	[1]	13,725
Initial cost, Buildings and Improvements	[1]	49,673
Cost Capitalized Subsequent to Acquisitions	[2]	(1,130)
Gross amount carried at end of period, Land	[3],[4]	13,725
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	48,543
Gross amount carried at end of period, Total	[3],[4]	62,268
Accumulated Depreciation	[5]	$ (10,076)
Date Constructed		2014
Date Acquired		2016
Coastal North Town Center [Member] | Myrtle Beach, SC [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Coastal North Town Center [Member] | Myrtle Beach, SC [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Coastal North Town Center Phase II [Member] | Myrtle Beach, SC [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 365
Initial cost, Buildings and Improvements	[1]	3,034
Gross amount carried at end of period, Land	[3],[4]	365
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	3,034
Gross amount carried at end of period, Total	[3],[4]	3,399
Accumulated Depreciation	[5]	$ (490)
Date Constructed		2016
Date Acquired		2017
Coastal North Town Center Phase II [Member] | Myrtle Beach, SC [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Coastal North Town Center Phase II [Member] | Myrtle Beach, SC [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Dixie Valley [Member] | Louisville, KY [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrance		$ 6,798
Initial cost, Land	[1]	2,807
Initial cost, Buildings and Improvements	[1]	9,053
Cost Capitalized Subsequent to Acquisitions	[2]	1,238
Gross amount carried at end of period, Land	[3],[4]	2,807
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	10,291
Gross amount carried at end of period, Total	[3],[4]	13,098
Accumulated Depreciation	[5]	$ (2,870)
Date Constructed		1988
Date Acquired		2014
Dixie Valley [Member] | Louisville, KY [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Dixie Valley [Member] | Louisville, KY [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Dogwood Festival [Member] | Flowood, MO [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 4,500
Initial cost, Buildings and Improvements	[1]	41,865
Cost Capitalized Subsequent to Acquisitions	[2]	3,888
Gross amount carried at end of period, Land	[3],[4]	4,500
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	45,753
Gross amount carried at end of period, Total	[3],[4]	50,253
Accumulated Depreciation	[5]	$ (12,607)
Date Constructed		2002
Date Acquired		2014
Dogwood Festival [Member] | Flowood, MO [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		5 years
Dogwood Festival [Member] | Flowood, MO [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Eastside Junction [Member] | Athens, AL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrance		$ 5,805
Initial cost, Land	[1]	2,411
Initial cost, Buildings and Improvements	[1]	8,393
Cost Capitalized Subsequent to Acquisitions	[2]	57
Gross amount carried at end of period, Land	[3],[4]	2,411
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	8,450
Gross amount carried at end of period, Total	[3],[4]	10,861
Accumulated Depreciation	[5]	$ (2,224)
Date Constructed		2008
Date Acquired		2015
Eastside Junction [Member] | Athens, AL [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Eastside Junction [Member] | Athens, AL [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Fairgrounds Crossing [Member] | Hot Springs, AR [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 6,069
Initial cost, Buildings and Improvements	[1]	22,637
Cost Capitalized Subsequent to Acquisitions	[2]	1,117
Gross amount carried at end of period, Land	[3],[4]	6,069
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	23,754
Gross amount carried at end of period, Total	[3],[4]	29,823
Accumulated Depreciation	[5]	$ (5,831)
Date Constructed		2008
Date Acquired		2015
Fairgrounds Crossing [Member] | Hot Springs, AR [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Fairgrounds Crossing [Member] | Hot Springs, AR [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Fox Point Plaza [Member] | Neenah, WI [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 3,518
Initial cost, Buildings and Improvements	[1]	12,681
Cost Capitalized Subsequent to Acquisitions	[2]	1,882
Gross amount carried at end of period, Land	[3],[4]	3,518
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	14,563
Gross amount carried at end of period, Total	[3],[4]	18,081
Accumulated Depreciation	[5]	$ (3,847)
Date Constructed		2008
Date Acquired		2014
Fox Point Plaza [Member] | Neenah, WI [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Fox Point Plaza [Member] | Neenah, WI [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Frisco Marketplace [Member] | Frisco, TX [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 6,618
Initial cost, Buildings and Improvements	[1]	3,315
Gross amount carried at end of period, Land	[3],[4]	6,618
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	3,315
Gross amount carried at end of period, Total	[3],[4]	9,933
Accumulated Depreciation	[5]	$ (1,029)
Date Constructed		2002
Date Acquired		2015
Frisco Marketplace [Member] | Frisco, TX [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Frisco Marketplace [Member] | Frisco, TX [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Green Tree Shopping Center [Member] | Katy, TX [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrance		$ 13,100
Initial cost, Land	[1]	7,218
Initial cost, Buildings and Improvements	[1]	17,846
Cost Capitalized Subsequent to Acquisitions	[2]	824
Gross amount carried at end of period, Land	[3],[4]	7,218
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	18,670
Gross amount carried at end of period, Total	[3],[4]	25,888
Accumulated Depreciation	[5]	$ (4,518)
Date Constructed		1997
Date Acquired		2015
Green Tree Shopping Center [Member] | Katy, TX [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		5 years
Green Tree Shopping Center [Member] | Katy, TX [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Harris Plaza [Member] | Layton, UT [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 6,500
Initial cost, Buildings and Improvements	[1]	19,403
Cost Capitalized Subsequent to Acquisitions	[2]	2,233
Gross amount carried at end of period, Land	[3],[4]	6,500
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	21,636
Gross amount carried at end of period, Total	[3],[4]	28,136
Accumulated Depreciation	[5]	$ (6,376)
Date Acquired		2014
Harris Plaza [Member] | Layton, UT [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date Constructed		2001
Depreciable Lives		15 years
Harris Plaza [Member] | Layton, UT [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date Constructed		2008
Depreciable Lives		30 years
Harvest Square [Member] | Harvest, AL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 2,186
Initial cost, Buildings and Improvements	[1]	9,330
Cost Capitalized Subsequent to Acquisitions	[2]	186
Gross amount carried at end of period, Land	[3],[4]	2,186
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	9,516
Gross amount carried at end of period, Total	[3],[4]	11,702
Accumulated Depreciation	[5]	$ (2,660)
Date Constructed		2008
Date Acquired		2014
Harvest Square [Member] | Harvest, AL [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Harvest Square [Member] | Harvest, AL [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Heritage Square [Member] | Conyers, AL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 2,028
Initial cost, Buildings and Improvements	[1]	5,538
Cost Capitalized Subsequent to Acquisitions	[2]	364
Gross amount carried at end of period, Land	[3],[4]	2,028
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	5,902
Gross amount carried at end of period, Total	[3],[4]	7,930
Accumulated Depreciation	[5]	$ (1,622)
Date Constructed		2010
Date Acquired		2014
Heritage Square [Member] | Conyers, AL [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Heritage Square [Member] | Conyers, AL [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Kroger - Copps Grocery Store [Member] | Stevens Point, WI [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1],[3]	$ 1,440
Initial cost, Buildings and Improvements	[1],[3]	11,799
Gross amount carried at end of period, Land	[3],[4]	1,440
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	11,799
Gross amount carried at end of period, Total	[3],[4]	13,239
Accumulated Depreciation	[3],[5]	$ (3,042)
Date Constructed	[3]	2012
Date Acquired	[3]	2014
Kroger - Copps Grocery Store [Member] | Stevens Point, WI [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives	[3]	15 years
Kroger - Copps Grocery Store [Member] | Stevens Point, WI [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives	[3]	30 years
Kroger - Pick n Save Center [Member] | West Bend, WI [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 3,150
Initial cost, Buildings and Improvements	[1]	14,283
Cost Capitalized Subsequent to Acquisitions	[2]	2,798
Gross amount carried at end of period, Land	[3],[4]	3,150
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	17,081
Gross amount carried at end of period, Total	[3],[4]	20,231
Accumulated Depreciation	[5]	$ (4,400)
Date Constructed		2011
Date Acquired		2014
Kroger - Pick n Save Center [Member] | West Bend, WI [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Kroger - Pick n Save Center [Member] | West Bend, WI [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Lakeside Crossing [Member] | Lynchburg, VA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 1,460
Initial cost, Buildings and Improvements	[1]	16,999
Cost Capitalized Subsequent to Acquisitions	[2]	432
Gross amount carried at end of period, Land	[3],[4]	1,460
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	17,431
Gross amount carried at end of period, Total	[3],[4]	18,891
Accumulated Depreciation	[5]	$ (4,865)
Date Constructed		2013
Date Acquired		2014
Lakeside Crossing [Member] | Lynchburg, VA [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Lakeside Crossing [Member] | Lynchburg, VA [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Landing at Ocean Isle Beach [Member] | Ocean Isle, NC [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 3,053
Initial cost, Buildings and Improvements	[1]	7,081
Cost Capitalized Subsequent to Acquisitions	[2]	147
Gross amount carried at end of period, Land	[3],[4]	3,053
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	7,228
Gross amount carried at end of period, Total	[3],[4]	10,281
Accumulated Depreciation	[5]	$ (2,122)
Date Constructed		2009
Date Acquired		2014
Landing at Ocean Isle Beach [Member] | Ocean Isle, NC [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Landing at Ocean Isle Beach [Member] | Ocean Isle, NC [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Mansfield Pointe [Member] | Mansfield, TX [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 5,350
Initial cost, Buildings and Improvements	[1]	20,002
Cost Capitalized Subsequent to Acquisitions	[2]	796
Gross amount carried at end of period, Land	[3],[4]	5,350
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	20,798
Gross amount carried at end of period, Total	[3],[4]	26,148
Accumulated Depreciation	[5]	$ (6,007)
Date Constructed		2008
Date Acquired		2014
Mansfield Pointe [Member] | Mansfield, TX [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Mansfield Pointe [Member] | Mansfield, TX [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Marketplace at El Paseo [Member] | Fresno, CA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 16,390
Initial cost, Buildings and Improvements	[1]	46,971
Cost Capitalized Subsequent to Acquisitions	[2]	(479)
Gross amount carried at end of period, Land	[3],[4]	16,390
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	46,492
Gross amount carried at end of period, Total	[3],[4]	62,882
Accumulated Depreciation	[5]	$ (10,446)
Date Constructed		2014
Date Acquired		2015
Marketplace at El Paseo [Member] | Fresno, CA [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Marketplace at El Paseo [Member] | Fresno, CA [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Marketplace at Tech Center [Member] | Newport News, VA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrance		$ 36,089
Initial cost, Land	[1]	10,684
Initial cost, Buildings and Improvements	[1]	68,580
Cost Capitalized Subsequent to Acquisitions	[2]	(72)
Gross amount carried at end of period, Land	[3],[4]	10,684
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	68,508
Gross amount carried at end of period, Total	[3],[4]	79,192
Accumulated Depreciation	[5]	$ (14,547)
Date Constructed		2015
Date Acquired		2015
Marketplace at Tech Center [Member] | Newport News, VA [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Marketplace at Tech Center [Member] | Newport News, VA [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
MidTowne Shopping Center [Member] | Little Rock, AR [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 8,810
Initial cost, Buildings and Improvements	[1]	29,699
Cost Capitalized Subsequent to Acquisitions	[2]	706
Gross amount carried at end of period, Land	[3],[4]	8,810
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	30,405
Gross amount carried at end of period, Total	[3],[4]	39,215
Accumulated Depreciation	[5]	$ (8,798)
Date Acquired		2014
MidTowne Shopping Center [Member] | Little Rock, AR [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date Constructed		2005
Depreciable Lives		5 years
MidTowne Shopping Center [Member] | Little Rock, AR [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date Constructed		2008
Depreciable Lives		30 years
Milford Marketplace [Member] | Milford, CT [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrance		$ 18,727
Initial cost, Buildings and Improvements	[1]	35,867
Cost Capitalized Subsequent to Acquisitions	[2]	1,125
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	36,992
Gross amount carried at end of period, Total	[3],[4]	36,992
Accumulated Depreciation	[5]	$ (8,442)
Date Constructed		2007
Date Acquired		2015
Milford Marketplace [Member] | Milford, CT [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Milford Marketplace [Member] | Milford, CT [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Newington Fair [Member] | Newington, CT [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 7,833
Initial cost, Buildings and Improvements	[1]	8,329
Cost Capitalized Subsequent to Acquisitions	[2]	562
Gross amount carried at end of period, Land	[3],[4]	7,833
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	8,891
Gross amount carried at end of period, Total	[3],[4]	16,724
Accumulated Depreciation	[5]	$ (3,651)
Date Acquired		2012
Newington Fair [Member] | Newington, CT [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date Constructed		1994
Depreciable Lives		15 years
Newington Fair [Member] | Newington, CT [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date Constructed		2009
Depreciable Lives		30 years
North Hills Square [Member] | Coral Springs, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 4,800
Initial cost, Buildings and Improvements	[1]	5,493
Cost Capitalized Subsequent to Acquisitions	[2]	652
Gross amount carried at end of period, Land	[3],[4]	4,800
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	6,145
Gross amount carried at end of period, Total	[3],[4]	10,945
Accumulated Depreciation	[5]	$ (1,704)
Date Constructed		1997
Date Acquired		2014
North Hills Square [Member] | Coral Springs, FL [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
North Hills Square [Member] | Coral Springs, FL [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Oquirrh Mountain Marketplace [Member] | Jordan, UT [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 4,254
Initial cost, Buildings and Improvements	[1]	14,467
Cost Capitalized Subsequent to Acquisitions	[2]	177
Gross amount carried at end of period, Land	[3],[4]	4,254
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	14,644
Gross amount carried at end of period, Total	[3],[4]	18,898
Accumulated Depreciation	[5]	$ (3,196)
Date Acquired		2015
Oquirrh Mountain Marketplace [Member] | Jordan, UT [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date Constructed		2014
Depreciable Lives		15 years
Oquirrh Mountain Marketplace [Member] | Jordan, UT [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date Constructed		2015
Depreciable Lives		30 years
Oquirrh Mountain Marketplace Phase II [Member] | Jordan, UT [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 1,403
Initial cost, Buildings and Improvements	[1]	3,727
Cost Capitalized Subsequent to Acquisitions	[2]	(50)
Gross amount carried at end of period, Land	[3],[4]	1,403
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	3,677
Gross amount carried at end of period, Total	[3],[4]	5,080
Accumulated Depreciation	[5]	$ (764)
Date Acquired		2016
Oquirrh Mountain Marketplace Phase II [Member] | Jordan, UT [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date Constructed		2014
Depreciable Lives		15 years
Oquirrh Mountain Marketplace Phase II [Member] | Jordan, UT [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date Constructed		2015
Depreciable Lives		30 years
Park Avenue Shopping Center [Member] | Little Rock, AR [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 5,500
Initial cost, Buildings and Improvements	[1]	16,365
Cost Capitalized Subsequent to Acquisitions	[2]	3,151
Gross amount carried at end of period, Land	[3],[4]	5,500
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	19,516
Gross amount carried at end of period, Total	[3],[4]	25,016
Accumulated Depreciation	[5]	$ (5,463)
Date Constructed		2012
Date Acquired		2014
Park Avenue Shopping Center [Member] | Little Rock, AR [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Park Avenue Shopping Center [Member] | Little Rock, AR [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Pentucket Shopping Center [Member] | Plaistow, NH [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrance		$ 14,700
Initial cost, Land	[1]	5,993
Initial cost, Buildings and Improvements	[1]	11,251
Cost Capitalized Subsequent to Acquisitions	[2]	501
Gross amount carried at end of period, Land	[3],[4]	5,993
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	11,752
Gross amount carried at end of period, Total	[3],[4]	17,745
Accumulated Depreciation	[5]	$ (2,228)
Date Constructed		1986
Date Acquired		2017
Pentucket Shopping Center [Member] | Plaistow, NH [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Pentucket Shopping Center [Member] | Plaistow, NH [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Plaza at Prairie Ridge [Member] | Pleasant Prairie, WI [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 618
Initial cost, Buildings and Improvements	[1]	2,305
Gross amount carried at end of period, Land	[3],[4]	618
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	2,305
Gross amount carried at end of period, Total	[3],[4]	2,923
Accumulated Depreciation	[5]	$ (564)
Date Constructed		2008
Date Acquired		2015
Plaza at Prairie Ridge [Member] | Pleasant Prairie, WI [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Plaza at Prairie Ridge [Member] | Pleasant Prairie, WI [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Prattville Town Center [Member] | Prattville, AL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 5,336
Initial cost, Buildings and Improvements	[1]	27,672
Cost Capitalized Subsequent to Acquisitions	[2]	194
Gross amount carried at end of period, Land	[3],[4]	5,336
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	27,866
Gross amount carried at end of period, Total	[3],[4]	33,202
Accumulated Depreciation	[5]	$ (6,966)
Date Constructed		2007
Date Acquired		2015
Prattville Town Center [Member] | Prattville, AL [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Prattville Town Center [Member] | Prattville, AL [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Regal Court [Member] | Shreveport, LA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrance		$ 26,000
Initial cost, Land	[1]	5,873
Initial cost, Buildings and Improvements	[1]	41,181
Cost Capitalized Subsequent to Acquisitions	[2]	2,097
Gross amount carried at end of period, Land	[3],[4]	5,873
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	43,278
Gross amount carried at end of period, Total	[3],[4]	49,151
Accumulated Depreciation	[5]	$ (10,723)
Date Constructed		2008
Date Acquired		2015
Regal Court [Member] | Shreveport, LA [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		5 years
Regal Court [Member] | Shreveport, LA [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Settlers Ridge [Member] | Pittsburgh, PA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrance		$ 76,532
Initial cost, Land	[1]	25,961
Initial cost, Buildings and Improvements	[1]	98,157
Cost Capitalized Subsequent to Acquisitions	[2]	654
Gross amount carried at end of period, Land	[3],[4]	25,961
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	98,811
Gross amount carried at end of period, Total	[3],[4]	124,772
Accumulated Depreciation	[5]	$ (23,213)
Date Constructed		2011
Date Acquired		2015
Settlers Ridge [Member] | Pittsburgh, PA [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Settlers Ridge [Member] | Pittsburgh, PA [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Shoppes at Lake Park [Member] | West Valley City. UT [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 2,285
Initial cost, Buildings and Improvements	[1]	8,527
Cost Capitalized Subsequent to Acquisitions	[2]	90
Gross amount carried at end of period, Land	[3],[4]	2,285
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	8,617
Gross amount carried at end of period, Total	[3],[4]	10,902
Accumulated Depreciation	[5]	$ (2,159)
Date Constructed		2008
Date Acquired		2015
Shoppes at Lake Park [Member] | West Valley City. UT [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Shoppes at Lake Park [Member] | West Valley City. UT [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Shoppes at Market Pointe [Member] | Papillion, NE [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrance		$ 13,700
Initial cost, Land	[1]	12,499
Initial cost, Buildings and Improvements	[1]	8,388
Cost Capitalized Subsequent to Acquisitions	[2]	998
Gross amount carried at end of period, Land	[3],[4]	12,499
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	9,386
Gross amount carried at end of period, Total	[3],[4]	21,885
Accumulated Depreciation	[5]	$ (3,082)
Date Acquired		2015
Shoppes at Market Pointe [Member] | Papillion, NE [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date Constructed		2006
Depreciable Lives		15 years
Shoppes at Market Pointe [Member] | Papillion, NE [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date Constructed		2007
Depreciable Lives		30 years
Shoppes at Prairie Ridge [Member] | Pleasant Prairie, WI [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 7,521
Initial cost, Buildings and Improvements	[1]	22,468
Cost Capitalized Subsequent to Acquisitions	[2]	932
Gross amount carried at end of period, Land	[3],[4]	7,521
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	23,400
Gross amount carried at end of period, Total	[3],[4]	30,921
Accumulated Depreciation	[5]	$ (5,940)
Date Constructed		2009
Date Acquired		2014
Shoppes at Prairie Ridge [Member] | Pleasant Prairie, WI [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Shoppes at Prairie Ridge [Member] | Pleasant Prairie, WI [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
The Shoppes at Branson Hills [Member] | Branson, MO [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 4,418
Initial cost, Buildings and Improvements	[1]	37,229
Cost Capitalized Subsequent to Acquisitions	[2]	2,136
Gross amount carried at end of period, Land	[3],[4]	4,418
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	39,365
Gross amount carried at end of period, Total	[3],[4]	43,783
Accumulated Depreciation	[5]	$ (9,773)
Date Constructed		2005
Date Acquired		2014
The Shoppes at Branson Hills [Member] | Branson, MO [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
The Shoppes at Branson Hills [Member] | Branson, MO [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Shops at Hawk Ridge [Member] | St. Louis, MO [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 1,329
Initial cost, Buildings and Improvements	[1]	10,341
Cost Capitalized Subsequent to Acquisitions	[2]	285
Gross amount carried at end of period, Land	[3],[4]	1,329
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	10,626
Gross amount carried at end of period, Total	[3],[4]	11,955
Accumulated Depreciation	[5]	$ (2,683)
Date Constructed		2009
Date Acquired		2015
Shops at Hawk Ridge [Member] | St. Louis, MO [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		5 years
Shops at Hawk Ridge [Member] | St. Louis, MO [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Village at Burlington Creek [Member] | Kansas City, MO [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrance		$ 17,399
Initial cost, Land	[1]	10,789
Initial cost, Buildings and Improvements	[1]	19,385
Cost Capitalized Subsequent to Acquisitions	[2]	1,458
Gross amount carried at end of period, Land	[3],[4]	10,789
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	20,843
Gross amount carried at end of period, Total	[3],[4]	31,632
Accumulated Depreciation	[5]	$ (5,004)
Date Acquired		2015
Village at Burlington Creek [Member] | Kansas City, MO [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date Constructed		2007
Depreciable Lives		5 years
Village at Burlington Creek [Member] | Kansas City, MO [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date Constructed		2015
Depreciable Lives		30 years
Walgreens Plaza [Member] | Jacksonville, NC [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 2,624
Initial cost, Buildings and Improvements	[1]	9,683
Cost Capitalized Subsequent to Acquisitions	[2]	410
Gross amount carried at end of period, Land	[3],[4]	2,624
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	10,093
Gross amount carried at end of period, Total	[3],[4]	12,717
Accumulated Depreciation	[5]	$ (2,652)
Date Constructed		2011
Date Acquired		2015
Walgreens Plaza [Member] | Jacksonville, NC [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Walgreens Plaza [Member] | Jacksonville, NC [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Wedgewood Commons [Member] | Olive Branch, MS [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 2,220
Initial cost, Buildings and Improvements	[1]	26,577
Cost Capitalized Subsequent to Acquisitions	[2]	2,186
Gross amount carried at end of period, Land	[3],[4]	2,220
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	28,763
Gross amount carried at end of period, Total	[3],[4]	30,983
Accumulated Depreciation	[5]	$ (7,628)
Date Acquired		2013
Wedgewood Commons [Member] | Olive Branch, MS [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date Constructed		2009
Depreciable Lives		5 years
Wedgewood Commons [Member] | Olive Branch, MS [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date Constructed		2013
Depreciable Lives		30 years
White City [Member] | Shrewsbury, MA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrance		$ 47,745
Initial cost, Land	[1]	18,961
Initial cost, Buildings and Improvements	[1]	70,423
Cost Capitalized Subsequent to Acquisitions	[2]	3,190
Gross amount carried at end of period, Land	[3],[4]	18,961
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	73,613
Gross amount carried at end of period, Total	[3],[4]	92,574
Accumulated Depreciation	[5]	$ (17,616)
Date Constructed		2013
Date Acquired		2015
White City [Member] | Shrewsbury, MA [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
White City [Member] | Shrewsbury, MA [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Wilson Marketplace [Member] | Wilson, NC [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 11,155
Initial cost, Buildings and Improvements	[1]	27,498
Cost Capitalized Subsequent to Acquisitions	[2]	1,020
Gross amount carried at end of period, Land	[3],[4]	11,155
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	28,518
Gross amount carried at end of period, Total	[3],[4]	39,673
Accumulated Depreciation	[5]	$ (5,190)
Date Constructed		2007
Date Acquired		2017
Wilson Marketplace [Member] | Wilson, NC [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		15 years
Wilson Marketplace [Member] | Wilson, NC [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Depreciable Lives		30 years
Yorkville Marketplace [Member] | Yorkville, IL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost, Land	[1]	$ 4,990
Initial cost, Buildings and Improvements	[1]	13,928
Cost Capitalized Subsequent to Acquisitions	[2]	892
Gross amount carried at end of period, Land	[3],[4]	4,990
Gross amount carried at end of period, Buildings and Improvements	[3],[4]	14,820
Gross amount carried at end of period, Total	[3],[4]	19,810
Accumulated Depreciation	[5]	$ (3,982)
Date Acquired		2015
Yorkville Marketplace [Member] | Yorkville, IL [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date Constructed		2002
Depreciable Lives		15 years
Yorkville Marketplace [Member] | Yorkville, IL [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date Constructed		2007
Depreciable Lives		30 years
[1]	The initial cost to the Company represents the original purchase price of the property.
[2]	As applicable, some amounts include write-offs
[3]	Reconciliation of real estate owned:
[4]	The aggregate cost of real estate owned at December 31, 2021 for federal income tax purposes was $1,393,620.
[5]	Reconciliation of accumulated depreciation:

Schedule III Real Estate and _2

Schedule III Real Estate and Accumulated Depreciation (Narrative) (Details) $ in Thousands	Dec. 31, 2021USD ($)
Real Estate And Accumulated Depreciation Disclosure [Abstract]
Aggregate cost of real estate owned for federal income tax purpose	$ 1,393,620

Schedule III Real Estate and _3

Schedule III Real Estate and Accumulated Depreciation - Reconciliation of Real Estate Owned (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021		Dec. 31, 2020	Dec. 31, 2019
Reconciliation Of Carrying Amount Of Real Estate Investments Roll Forward
Balance at January 1,	$ 1,255,127		$ 1,251,869	$ 1,298,836
Improvements, net of master lease	5,948		3,258	9,706
Impairment of investment property				(4,222)
Real estate sold				(13,053)
Property held for sale				(39,398)
Balance at December 31,	$ 1,261,075	[1],[2]	$ 1,255,127	$ 1,251,869
[1]	Reconciliation of real estate owned:
[2]	The aggregate cost of real estate owned at December 31, 2021 for federal income tax purposes was $1,393,620.

Schedule III Real Estate and _4

Schedule III Real Estate and Accumulated Depreciation - Reconciliation of Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021		Dec. 31, 2020	Dec. 31, 2019
Reconciliation Of Real Estate Accumulated Depreciation Roll Forward
Balance at January 1,	$ 207,764		$ 170,269	$ 139,134
Depreciation expense	37,768		37,495	39,304
Real estate sold				(2,804)
Property held for sale				(5,365)
Balance at December 31,	$ 245,532	[1]	$ 207,764	$ 170,269
[1]	Reconciliation of accumulated depreciation: