v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS:    
Investment properties, net $ 567,573 $ 386,730
Cash and cash equivalents 24,057 22,898
Restricted cash 30,245 17,521
Rents and other tenant receivables, net 11,517 9,233
Assets held for sale 419 2,047
Above market lease intangibles, net 3,432 2,424
Operating lease right-of-use assets 15,129 12,455
Deferred costs and other assets, net 40,674 11,973
Total Assets 693,046 465,281
LIABILITIES:    
Loans payable, net 467,230 333,283
Liabilities associated with assets held for sale 0 3,381
Below market lease intangibles, net 26,340 3,397
Derivative liabilities 7,309 4,776
Operating lease liabilities 16,446 13,040
Accounts payable, accrued expenses and other liabilities 21,286 11,054
Total Liabilities 538,611 368,931
EQUITY:    
Common Stock ($0.01 par value, 200,000,000 shares authorized 9,793,494 and 9,720,532 shares issued and outstanding, respectively) 98 97
Additional paid-in capital 234,956 234,229
Accumulated deficit (288,546) (274,107)
Total Stockholders’ (Deficit) Equity (9,776) 1,861
Noncontrolling interests 64,935 1,941
Total Equity 55,159 3,802
Total Liabilities and Equity 693,046 465,281
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; $111.33 million and $104.97 million aggregate liquidation value, respectively) 99,276 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) $ 43,263 $ 41,189

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