v3.10.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
ASSETS:    
Investment properties, net $ 433,142 $ 375,199
Cash and cash equivalents 3,544 3,677
Restricted cash 14,455 8,609
Rents and other tenant receivables, net 5,539 5,619
Notes receivable, net 5,000 6,739
Goodwill 0 5,486
Assets held for sale 8,982 9,135
Above market lease intangible, net 7,346 8,778
Deferred costs and other assets, net 30,073 34,432
Total Assets 508,081 457,674
LIABILITIES:    
Loans payable, net 360,117 307,375
Liabilities associated with assets held for sale 4,632 792
Below market lease intangible, net 10,045 9,616
Accounts payable, accrued expenses and other liabilities 12,077 10,579
Dividends payable 0 5,480
Total Liabilities 386,871 333,842
Commitments and contingencies 0 0
EQUITY:    
Common Stock ($0.01 par value, 18,750,000 shares authorized, 9,511,464 and 8,744,189 shares issued and outstanding, respectively) 95 87
Additional paid-in capital 233,697 226,978
Accumulated deficit (233,184) (204,925)
Total Shareholders’ Equity 42,061 63,508
Noncontrolling interests 2,194 7,088
Total Equity 44,255 70,596
Total Liabilities and Equity 508,081 457,674
Series D Cumulative Convertible Preferred Stock    
LIABILITIES:    
Series D Cumulative Convertible Preferred Stock (no par value, 4,000,000 shares authorized, 3,600,636 and 2,237,000 shares issued and outstanding; $91.98 million and $55.93 million aggregate liquidation preference, respectively) 76,955 53,236
Preferred Class A [Member]    
EQUITY:    
Series A Preferred Stock (no par value, 4,500 shares authorized, 562 shares issued and outstanding) and 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
Preferred Class B [Member]    
EQUITY:    
Series A Preferred Stock (no par value, 4,500 shares authorized, 562 shares issued and outstanding) and 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) $ 41,000 $ 40,915

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