v3.24.2.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Real estate:    
Investment properties $ 645,275 $ 660,720
Less accumulated depreciation (103,342) (95,598)
Real estate, net 541,933 565,122
Cash and cash equivalents 19,609 18,404
Restricted cash 22,155 21,403
Receivables, net 14,471 13,126
Investment securities - related party 11,373 10,685
Assets held for sale 24,829 0
Above market lease intangibles, net 1,747 2,114
Operating lease right-of-use assets 9,344 9,450
Deferred costs and other assets, net 24,854 28,028
Total Assets 670,315 668,332
LIABILITIES:    
Loans payable, net 481,239 477,574
Liabilities associated with assets held for sale 163 0
Below market lease intangibles, net 13,465 17,814
Derivative liabilities 14,128 3,653
Operating lease liabilities 10,230 10,329
Series D Preferred Stock redemptions 0 369
Accounts payable, accrued expenses and other liabilities 21,114 17,065
Total Liabilities 540,339 526,804
Commitments and contingencies (Note 8)
EQUITY:    
Common Stock ($0.01 par value, 200,000,000 shares authorized, 566,814 and 448,081 shares issued and outstanding, respectively) 5 4
Additional paid-in capital 261,505 258,106
Accumulated deficit (343,391) (324,854)
Total Shareholders’ Deficit (36,386) (21,293)
Noncontrolling interests 65,722 66,116
Total Equity 29,336 44,823
Total Liabilities and Equity 670,315 668,332
 Series D Cumulative Convertible Preferred Stock    
LIABILITIES:    
Series D Cumulative Convertible Preferred Stock 100,640 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) 45,042 44,998
Land and land improvements    
Real estate:    
Investment properties 138,259 149,908
Buildings and improvements    
Real estate:    
Investment properties $ 507,016 $ 510,812

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