v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS:    
Investment properties, net $ 422,838 $ 433,142
Cash and cash equivalents 4,159 3,544
Restricted cash 14,446 14,455
Rents and other tenant receivables, net 5,594 5,539
Notes receivable, net 5,000 5,000
Assets held for sale 10,431 8,982
Above market lease intangibles, net 6,793 7,346
Operating lease, right-of-use asset 11,833 0
Deferred costs and other assets, net 28,003 30,073
Total Assets 509,097 508,081
LIABILITIES:    
Loans payable, net 348,651 360,117
Liabilities associated with assets held for sale 6,684 4,632
Below market lease intangibles, net 9,265 10,045
Operating lease liabilities 11,962 0
Accounts payable, accrued expenses and other liabilities 10,504 12,077
Total Liabilities 387,066 386,871
EQUITY:    
Common Stock ($0.01 par value, 18,750,000 shares authorized, 9,693,271 and 9,511,464 shares issued and outstanding, respectively) 97 95
Additional paid-in capital 233,861 233,697
Accumulated deficit (235,131) (233,184)
Total Shareholders’ Equity 40,302 42,061
Noncontrolling interests 2,207 2,194
Total Equity 42,509 44,255
Total Liabilities and Equity 509,097 508,081
Series D Preferred    
LIABILITIES:    
Series D Cumulative Convertible Preferred Stock (no par value, 4,000,000 shares authorized, 3,600,636 shares issued and outstanding; $94.40 million and $91.98 million aggregate liquidation preference, respectively) 79,522 76,955
Series A Preferred    
EQUITY:    
Series A Preferred Stock (no par value, 4,500 shares authorized, 562 shares issued and outstanding), Series B Convertible Preferred Stock (no par value, 5,000,000 authorized, 1,875,748 and 1,875,848 shares issued and outstanding, respectively; $46.90 million aggregate liquidation preference) 453 453
Series B Preferred Stock    
EQUITY:    
Series A Preferred Stock (no par value, 4,500 shares authorized, 562 shares issued and outstanding), Series B Convertible Preferred Stock (no par value, 5,000,000 authorized, 1,875,748 and 1,875,848 shares issued and outstanding, respectively; $46.90 million aggregate liquidation preference) $ 41,022 $ 41,000

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