v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS:    
Investment properties, net $ 560,980 $ 386,730
Cash and cash equivalents 28,491 22,898
Restricted cash 27,374 17,521
Rents and other tenant receivables, net 13,544 9,233
Assets held for sale 0 2,047
Above market lease intangibles, net 3,134 2,424
Operating lease right-of-use assets 15,133 12,455
Deferred costs and other assets, net 35,880 11,973
Total Assets 684,536 465,281
LIABILITIES:    
Loans payable, net 466,029 333,283
Liabilities associated with assets held for sale 0 3,381
Below market lease intangibles, net 23,968 3,397
Derivative liabilities 7,111 4,776
Operating lease liabilities 16,478 13,040
Accounts payable, accrued expenses and other liabilities 18,398 11,054
Total Liabilities 531,984 368,931
EQUITY:    
Common Stock ($0.01 par value, 200,000,000 shares authorized, 9,793,957 and 9,720,532 shares issued and outstanding, respectively) 98 97
Additional paid-in capital 234,993 234,229
Accumulated deficit (295,617) (274,107)
Total Stockholders’ (Deficit) Equity (15,162) 1,861
Noncontrolling interests 66,196 1,941
Total Equity 51,034 3,802
Total Liabilities and Equity 684,536 465,281
Series D Preferred Stock    
LIABILITIES:    
Series D Cumulative Convertible Preferred Stock (no par value, 6,000,000 shares authorized, 3,152,392 shares issued and outstanding, respectively; $113.44 million and $104.97 million aggregate liquidation value, respectively) 101,518 92,548
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, 3,379,142 and 1,872,448 shares issued and outstanding, respectively; $84.48 million and $46.81 million aggregate liquidation preference, respectively) 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, 3,379,142 and 1,872,448 shares issued and outstanding, respectively; $84.48 million and $46.81 million aggregate liquidation preference, respectively) $ 44,911 $ 41,189

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