v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS:    
Investment properties, net $ 422,506 $ 436,006
Cash and cash equivalents 3,934 3,544
Restricted cash 16,426 14,455
Rents and other tenant receivables, net 5,546 5,539
Notes receivable, net 0 5,000
Assets held for sale 6,799 6,118
Above market lease intangibles, net 6,136 7,346
Operating lease right-of-use assets 11,762 0
Deferred costs and other assets, net 25,681 30,073
Total Assets 498,790 508,081
LIABILITIES:    
Loans payable, net 346,558 360,190
Liabilities associated with assets held for sale 6,850 4,520
Below market lease intangibles, net 8,576 10,045
Operating lease liabilities 11,937 0
Accounts payable, accrued expenses and other liabilities 10,001 12,116
Total Liabilities 383,922 386,871
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
Accumulated deficit (244,772) (233,184)
Additional paid-in capital 233,861 233,697
Total Shareholders’ Equity 30,683 42,061
Noncontrolling interests 2,095 2,194
Total Equity 32,778 44,255
Total Liabilities and Equity 498,790 508,081
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; $96.82 million and $91.98 million aggregate liquidation preference, respectively) 82,090 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 shares issued and outstanding; $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 shares issued and outstanding; $46.90 million aggregate liquidation preference) $ 41,044 $ 41,000

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