v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS:    
Investment properties, net $ 406,815 $ 416,215
Cash and cash equivalents 6,695 5,451
Restricted cash 16,543 16,140
Rents and other tenant receivables, net 6,126 6,905
Assets held for sale 6,258 1,737
Above market lease intangibles, net 4,832 5,241
Operating lease right-of-use assets 11,603 11,651
Deferred costs and other assets, net 20,277 21,025
Total Assets 479,149 484,365
LIABILITIES:    
Loans payable, net 336,277 340,913
Liabilities associated with assets held for sale 4,049 2,026
Below market lease intangibles, net 6,035 6,716
Operating lease liabilities 11,920 11,921
Accounts payable, accrued expenses and other liabilities 9,513 9,557
Total Liabilities 367,794 371,133
EQUITY:    
Common Stock ($0.01 par value, 18,750,000 shares authorized, 9,694,284 shares issued and outstanding) 97 97
Accumulated deficit (256,037) (251,580)
Additional paid-in capital 233,870 233,870
Total Shareholders’ Equity 19,492 23,927
Noncontrolling interests 2,071 2,080
Total Equity 21,563 26,007
Total Liabilities and Equity 479,149 484,365
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; $104.08 million and $101.66 million aggregate liquidation preference, respectively) 89,792 87,225
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) $ 41,109 $ 41,087

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