Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
ASSETS:    
Investment properties, net $ 392,664 $ 416,215
Cash and cash equivalents 7,660 5,451
Restricted cash 35,108 16,140
Rents and other tenant receivables, net 9,153 6,905
Assets held for sale 13,072 1,737
Above market lease intangibles, net 3,547 5,241
Operating lease right-of-use assets 12,745 11,651
Deferred costs and other assets, net 15,430 21,025
Total Assets 489,379 484,365
LIABILITIES:    
Loans payable, net 334,266 340,913
Liabilities associated with assets held for sale 13,124 2,026
Below market lease intangibles, net 4,554 6,716
Warrant liability 594 0
Operating lease liabilities 13,200 11,921
Accounts payable, accrued expenses and other liabilities 11,229 9,557
Total Liabilities 376,967 371,133
EQUITY:    
Common Stock ($0.01 par value, 18,750,000 shares authorized, 9,703,874 and 9,694,284 shares issued and outstanding, respectively) 97 97
Additional paid-in capital 234,061 233,870
Accumulated deficit (260,867) (251,580)
Total Stockholders’ Equity 14,918 23,927
Noncontrolling interests 1,931 2,080
Total Equity 16,849 26,007
Total Liabilities and Equity 489,379 484,365
Series D Cumulative Convertible Preferred Stock    
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; $109.13 million and $101.66 million aggregate liquidation preference, respectively) 95,563 87,225
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, 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) $ 41,174 $ 41,087