v3.19.3.a.u2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS:    
Investment properties, net $ 416,215 $ 436,006
Cash and cash equivalents 5,451 3,544
Restricted cash 16,140 14,455
Rents and other tenant receivables, net 6,905 5,539
Notes receivable, net 0 5,000
Assets held for sale 1,737 6,118
Above market lease intangibles, net 5,241 7,346
Operating lease right-of-use assets 11,651 0
Deferred costs and other assets, net 21,025 30,073
Total Assets 484,365 508,081
LIABILITIES:    
Loans payable, net 340,913 360,190
Liabilities associated with assets held for sale 2,026 4,520
Below market lease intangibles, net 6,716 10,045
Operating lease liabilities 11,921 0
Accounts payable, accrued expenses and other liabilities 9,557 12,116
Total Liabilities 371,133 386,871
EQUITY:    
Common Stock ($0.01 par value, 18,750,000 shares authorized, 9,694,284 and 9,511,464 shares issued and outstanding, respectively) 97 95
Additional paid-in capital 233,870 233,697
Accumulated deficit (251,580) (233,184)
Total Shareholders’ Equity 23,927 42,061
Noncontrolling interests 2,080 2,194
Total Equity 26,007 44,255
Total Liabilities and Equity 484,365 508,081
Series D Cumulative Convertible Preferred Stock    
LIABILITIES:    
Series D Cumulative Convertible Preferred Stock (no par value, 4,000,000 shares authorized, 3,600,636 shares issued and outstanding; $101.66 million and $91.98 million aggregate liquidation preference, respectively) 87,225 76,955
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 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) $ 41,087 $ 41,000

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