Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
ASSETS:    
Investment properties, net $ 292,212,257 $ 238,764,631
Cash and cash equivalents 35,816,636 10,477,576
Restricted cash 10,309,397 7,592,984
Rents and other tenant receivables, net 3,235,105 2,970,380
Due from Related Parties, Current 1,365,950 482,320
Notes Receivable, Related Parties, Noncurrent 12,000,000 0
Goodwill 5,485,823 5,485,823
Assets held for sale 365,880 1,692,473
Above market lease intangible, net 7,718,507 6,517,529
Deferred costs and other assets, net 36,098,994 35,259,526
Total Assets 404,608,549 309,243,242
LIABILITIES:    
Loans payable 231,767,262 184,629,082
Liabilities associated with assets held for sale 1,350,000 1,992,318
Below market lease intangible, net 8,718,947 7,721,335
Accounts payable, accrued expenses and other liabilities 10,147,839 7,533,769
Total Liabilities 251,984,048 201,876,504
Commitments and contingencies
EQUITY:    
Common stock ($0.01 par value, 150,000,000 and 75,000,000 shares authorized, 67,940,487 and 66,259,673 shares issued and outstanding, respectively) 679,404 662,596
Additional paid-in capital 222,725,476 220,370,984
Accumulated deficit (160,594,653) (140,306,846)
Total Shareholders’ Equity 103,974,066 98,264,852
Noncontrolling interests 10,636,178 9,101,886
Total Equity 114,610,244 107,366,738
Total Liabilities and Equity 404,608,549 309,243,242
Series A Preferred Stock [Member]    
EQUITY:    
Preferred stock 452,971 452,971
Series B Preferred Stock [Member]    
EQUITY:    
Preferred stock 40,710,868 17,085,147
Series D Preferred Stock [Member]    
EQUITY:    
Preferred stock $ 38,014,257 $ 0