v3.22.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS:    
Investment properties, net $ 383,153 $ 386,730
Cash and cash equivalents 24,606 22,898
Restricted cash 21,946 17,521
Rents and other tenant receivables, net 8,447 9,233
Assets held for sale 419 2,047
Above market lease intangibles, net 1,933 2,424
Operating lease right-of-use assets 12,307 12,455
Deferred costs and other assets, net 14,439 11,973
Total Assets 467,250 465,281
LIABILITIES:    
Loans payable, net 338,663 333,283
Liabilities associated with assets held for sale 0 3,381
Below market lease intangibles, net 2,950 3,397
Derivative liabilities 6,653 4,776
Operating lease liabilities 12,956 13,040
Accounts payable, accrued expenses and other liabilities 12,207 11,054
Total Liabilities 373,429 368,931
EQUITY:    
Common Stock ($0.01 par value, 200,000,000 shares authorized 9,792,713 and 9,720,532 shares issued and outstanding, respectively) 98 97
Additional paid-in capital 234,947 234,229
Accumulated deficit (283,267) (274,107)
Total Stockholders’ (Deficit) Equity (4,527) 1,861
Noncontrolling interests 1,315 1,941
Total (Deficit) Equity (3,212) 3,802
Total Liabilities and Equity 467,250 465,281
Series D Preferred    
LIABILITIES:    
Series D Cumulative Convertible Preferred Stock (no par value, 6,000,000 shares authorized, 3,152,392 shares issued and outstanding; $109.21 million and $104.97 million aggregate liquidation value, respectively) 97,033 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, 2,301,337 and 1,872,448 shares issued and outstanding, respectively; $57.53 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, 2,301,337 and 1,872,448 shares issued and outstanding, respectively; $57.53 million and $46.81 million aggregate liquidation preference, respectively) $ 43,242 $ 41,189

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