Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS:    
Investment properties, net $ 394,378 $ 416,215
Cash and cash equivalents 6,957 5,451
Restricted cash 17,240 16,140
Rents and other tenant receivables, net 8,365 6,905
Assets held for sale 15,064 1,737
Above market lease intangibles, net 3,928 5,241
Operating lease right-of-use assets 11,508 11,651
Deferred costs and other assets, net 16,898 21,025
Total Assets 474,338 484,365
LIABILITIES:    
Loans payable, net 318,230 340,913
Liabilities associated with assets held for sale 14,912 2,026
Below market lease intangibles, net 5,093 6,716
Operating lease liabilities 11,917 11,921
Accounts payable, accrued expenses and other liabilities 12,949 9,557
Total Liabilities 363,101 371,133
EQUITY:    
Common Stock ($0.01 par value, 18,750,000 shares authorized, 9,699,461 and 9,694,284 shares issued and outstanding, respectively) 97 97
Additional paid-in capital 233,916 233,870
Accumulated deficit (259,479) (251,580)
Total Shareholders’ Equity 16,139 23,927
Noncontrolling interests 2,052 2,080
Total Equity 18,191 26,007
Total Liabilities and Equity 474,338 484,365
Series D Preferred    
LIABILITIES:    
Series D Cumulative Convertible Preferred Stock (no par value, 4,000,000 shares authorized, 3,529,293 and 3,600,636 shares issued and outstanding, respectively; $106.76 million and $101.66 million aggregate liquidation preference, respectively) 93,046 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) $ 41,152 $ 41,087