XML 15 R2.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Real Estate:    
Land, at Cost $ 176,857 $ 178,172
Building and Improvements, at Cost 322,510 266,236
Total Real Estate, at Cost 499,367 444,408
Less, Accumulated Depreciation (22,313) (15,419)
Real Estate-Net 477,054 428,989
Cash and Cash Equivalents 9,018 8,851
Restricted Cash 4,026 646
Intangible Lease Assets-Net 60,432 58,821
Straight-Line Rent Adjustment 1,668 1,838
Other Assets 21,233 6,369
Total Assets 573,431 505,514
Liabilities:    
Accounts Payable, Accrued Expenses, and Other Liabilities 4,411 2,363
Prepaid Rent and Deferred Revenue 1,479 2,033
Intangible Lease Liabilities-Net 5,050 5,476
Long-Term Debt 267,116 267,740
Total Liabilities 278,056 277,612
Commitments and Contingencies-See Note 16
Equity:    
Preferred Stock, $0.01 par value per share, 100 million shares authorized, no shares issued and outstanding as of December 31, 2022 and December 31, 2021
Common Stock, $0.01 par value per share, 500 million shares authorized, 13,394,677 shares issued and outstanding as of December 31, 2022 and 11,454,815 shares issued and outstanding as of December 31, 2021 134 114
Additional Paid-in Capital 236,841 200,906
Retained Earnings (Dividends in Excess of Net Income) 10,042 (6,419)
Accumulated Other Comprehensive Income 14,601 1,922
Stockholders' Equity 261,618 196,523
Noncontrolling Interest 33,757 31,379
Total Equity 295,375 227,902
Total Liabilities and Equity $ 573,431 $ 505,514