Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS:    
Investment properties, net $ 388,769 $ 392,664
Cash and cash equivalents 9,371 7,660
Restricted cash 34,838 35,108
Rents and other tenant receivables, net 7,585 9,153
Assets held for sale 10,859 13,072
Above market lease intangibles, net 3,239 3,547
Operating lease right-of-use assets 12,673 12,745
Deferred costs and other assets, net 15,747 15,430
Total Assets 483,081 489,379
LIABILITIES:    
Loans payable, net 338,533 334,266
Liabilities associated with assets held for sale 10,939 13,124
Below market lease intangibles, net 4,235 4,554
Warrants and Rights Outstanding 2,959 594
Operating lease liabilities 13,161 13,200
Accounts payable, accrued expenses and other liabilities 10,980 11,229
Total Liabilities 380,807 376,967
EQUITY:    
Common Stock ($0.01 par value, 18,750,000 shares authorized, 9,706,738 and 9,703,874 shares issued and outstanding, respectively) 97 97
Additional paid-in capital 234,086 234,061
Accumulated deficit (262,800) (260,867)
Total Stockholders’ Equity 13,032 14,918
Noncontrolling interests 1,921 1,931
Total Equity 14,953 16,849
Total Liabilities and Equity 483,081 489,379
Series D Preferred    
LIABILITIES:    
Series D Cumulative Convertible Preferred Stock (no par value, 4,000,000 shares authorized, 3,142,196 and 3,529,293 shares issued and outstanding, respectively; $99.27 million and $109.13 million aggregate liquidation preference, respectively) 87,321 95,563
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) $ 41,196 $ 41,174