v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Real estate:    
Investment properties $ 641,864 $ 660,720
Less accumulated depreciation (107,514) (95,598)
Real estate, net 534,350 565,122
Cash and cash equivalents 37,070 18,404
Restricted cash 17,949 21,403
Receivables, net 12,487 13,126
Investment securities - related party 11,964 10,685
Assets held for sale 25,167 0
Above market lease intangibles, net 1,415 2,114
Operating lease right-of-use assets 9,290 9,450
Deferred costs and other assets, net 23,511 28,028
Total Assets 673,203 668,332
LIABILITIES:    
Loans payable, net 482,893 477,574
Liabilities associated with assets held for sale 163 0
Below market lease intangibles, net 12,275 17,814
Derivative liabilities 53,427 3,653
Operating lease liabilities 10,180 10,329
Series D Preferred Stock redemptions 3,345 369
Accounts payable, accrued expenses and other liabilities 20,721 17,065
Total Liabilities 583,004 526,804
Commitments and contingencies (Note 8)
EQUITY:    
Common Stock ($0.01 par value, 200,000,000 shares authorized, 652,768 and 149,360 shares issued and outstanding, respectively) 6 1
Additional paid-in capital 265,597 258,109
Accumulated deficit (379,066) (324,854)
Total Shareholders’ Deficit (67,947) (21,293)
Noncontrolling interests 64,555 66,116
Total (Deficit) Equity (3,392) 44,823
Total Liabilities and Equity 673,203 668,332
 Series D Cumulative Convertible Preferred Stock    
LIABILITIES:    
Series D Preferred Stock redemptions 3,300  
Series D Cumulative Convertible Preferred Stock 93,591 96,705
Series A Preferred Stock    
EQUITY:    
Series A Preferred Stock (no par value, 4,500 shares authorized, 562 shares issued and outstanding; $0.6 million in aggregate liquidation value) Series B Convertible Preferred Stock (no par value, 5,000,000 authorized, 3,379,142 shares issued and outstanding; $84.5 million aggregate liquidation preference) 453 453
 Series B Convertible Preferred Stock    
EQUITY:    
Series A Preferred Stock (no par value, 4,500 shares authorized, 562 shares issued and outstanding; $0.6 million in aggregate liquidation value) Series B Convertible Preferred Stock (no par value, 5,000,000 authorized, 3,379,142 shares issued and outstanding; $84.5 million aggregate liquidation preference) 45,063 44,998
Land and land improvements    
Real estate:    
Investment properties 135,796 149,908
Buildings and improvements    
Real estate:    
Investment properties $ 506,068 $ 510,812

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