v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS:    
Investment properties, net $ 426,972 $ 375,199
Cash and cash equivalents 3,638 3,677
Restricted cash 16,708 8,609
Rents and other tenant receivables, net 4,675 5,619
Notes receivable, net 6,739 6,739
Goodwill 5,486 5,486
Assets held for sale 22,111 9,135
Above market lease intangible, net 7,945 8,778
Deferred costs and other assets, net 32,814 34,432
Total Assets 527,088 457,674
LIABILITIES:    
Loans payable, net 354,093 307,375
Liabilities associated with assets held for sale 12,423 792
Below market lease intangible, net 10,948 9,616
Accounts payable, accrued expenses and other liabilities 12,707 10,579
Dividends payable 3,037 5,480
Total Liabilities 393,208 333,842
EQUITY:    
Common Stock ($0.01 par value, 18,750,000 shares authorized, 9,401,936 and 8,744,189 shares issued and outstanding, respectively) 94 87
Additional paid-in capital 233,001 226,978
Accumulated deficit (218,498) (204,925)
Total Shareholders’ Equity 56,028 63,508
Noncontrolling interests 3,014 7,088
Total Equity 59,042 70,596
Total Liabilities and Equity 527,088 457,674
Series D 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; $90.02 million and $55.93 million aggregate liquidation preference, respectively) 74,838 53,236
Series A 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) 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) $ 40,978 $ 40,915

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