v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS:    
Investment properties, net $ 404,386 $ 416,215
Cash and cash equivalents 7,660 5,451
Restricted cash 15,277 16,140
Rents and other tenant receivables, net 8,698 6,905
Assets held for sale 6,287 1,737
Above market lease intangibles, net 4,452 5,241
Operating lease right-of-use assets 11,555 11,651
Deferred costs and other assets, net 18,871 21,025
Total Assets 477,186 484,365
LIABILITIES:    
Loans payable, net 331,615 340,913
Liabilities associated with assets held for sale 4,117 2,026
Below market lease intangibles, net 5,554 6,716
Operating lease liabilities 11,918 11,921
Accounts payable, accrued expenses and other liabilities 12,358 9,557
Total Liabilities 365,562 371,133
EQUITY:    
Common Stock ($0.01 par value, 18,750,000 shares authorized, 9,695,899 and 9,694,284 shares issued and outstanding, respectively) 97 97
Additional paid-in capital 233,884 233,870
Accumulated deficit (258,372) (251,580)
Total Shareholders’ Equity 17,193 23,927
Noncontrolling interests 2,071 2,080
Total Equity 19,264 26,007
Total Liabilities and Equity 477,186 484,365
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; $106.50 million and $101.66 million aggregate liquidation preference, respectively) 92,360 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) $ 41,131 $ 41,087

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