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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Real estate assets at cost, net $ 517,813 $ 489,661
Cash and cash equivalents 23,323 52,014
Restricted cash 450 358
Interest rate swap assets 4,504 6,971
Assets of discontinued operations   29
Other assets 45,031 47,774
Total assets 591,121 596,807
LIABILITIES AND STOCKHOLDERS' EQUITY    
Mortgage loans, net of debt issuance costs 79,125 79,653
Delayed draw term loan, net of debt issuance costs 88,787 88,713
Deferred revenue 6,332 6,741
Accounts payable and accrued liabilities 15,115 10,940
Dividends payable 1,835 1,835
Liabilities of discontinued operations   119
Other liabilities 12,267 11,537
Total liabilities 203,461 199,538
Stockholders' Equity    
Common stock, par value $0.01 per share, 50,000,000 shares authorized, 10,195,206 and 10,192,416 shares issued and outstanding, respectively 102 102
Additional paid-in capital 401,840 401,370
Accumulated deficit (19,098) (11,486)
Accumulated other comprehensive income 4,816 7,283
Total stockholders' equity 387,660 397,269
Total liabilities and stockholders' equity $ 591,121 $ 596,807