Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Real estate, at cost	$ 1,380,264	$ 1,383,742
Less: accumulated depreciation	(154,861)	(142,212)
Total real estate, net	1,225,403	1,241,530
Lease intangibles, net	4,261	4,782
Real estate and related assets held for sale, net	0	53,626
Cash and cash equivalents	49,757	18,571
Other assets, net	73,132	68,815
TOTAL ASSETS	1,352,553	1,387,324
LIABILITIES:
Borrowings under lines of credit	200	200
Notes and bonds payable, net	549,192	573,911
Accounts payable and accrued expenses	11,239	10,298
Total Liabilities	644,084	667,711
Commitments and contingencies (Note 7)
Stockholders’ equity:
Common stock, $0.001 par value; 48,183,875 shares authorized, 35,838,442 shares issued and outstanding as of June 30, 2024; 48,043,098 shares authorized, 35,838,442 shares issued and outstanding as of December 31, 2023	36	36
Additional paid-in capital	853,302	856,206
Distributions in excess of accumulated earnings	(153,226)	(144,011)
Accumulated other comprehensive income	8,341	7,366
Total stockholders’ equity	708,469	719,613
Non-controlling interests in Operating Partnership	0	0
Total Equity	708,469	719,613
TOTAL LIABILITIES AND EQUITY	1,352,553	1,387,324
Related Party
LIABILITIES:
Other liabilities, net	3,114	3,874
Nonrelated Party
LIABILITIES:
Other liabilities, net	20,615	19,909
Series D Preferred Stock
LIABILITIES:
Series D cumulative term preferred stock, net, $0.001 par value, $25.00 per share liquidation preference; 3,600,000 shares authorized, 2,415,000 shares issued and outstanding as of June 30, 2024, and December 31, 2023	59,724	59,519
Series B Preferred Stock
Stockholders’ equity:
Cumulative redeemable preferred stock, value	6	6
Series C Preferred Stock
Stockholders’ equity:
Cumulative redeemable preferred stock, value	10	10
Series E Preferred Stock
Stockholders’ equity:
Cumulative redeemable preferred stock, value	$ 0	$ 0