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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Real Estate    
Land $ 21,427 $ 15,649
Building and Improvements 378,047 272,432
Total Real Estate 399,474 288,081
Less Accumulated Depreciation (19,736) (9,155)
Net Real Estate 379,738 278,926
Cash and Cash Equivalents 45,192 127,097
Loans Receivable 5,000 30,000
In-Place Lease Intangible Assets, net 21,765 24,002
Other Assets 2,554 858
Total Assets 454,249 460,883
Liabilities:    
Accounts Payable and Accrued Expenses 1,659 1,404
Revolving Credit Facility 1,000 0
Loan Payable, net 1,986 3,759
Dividends and Distributions Payable 8,512 6,765
Security Deposits Payable 7,774 6,047
Interest Reserve 0 2,144
Rent Received in Advance 1,375 1,429
Other Liabilities 1,005 0
Total Liabilities 23,311 21,548
Commitments and Contingencies
Equity:    
Preferred Stock, $0.01 Par Value, 100,000,000 Shares Authorized, 0 Shares Issued and Outstanding, respectively 0 0
Common Stock, $0.01 Par Value, 400,000,000 Shares Authorized, 21,408,194 and 21,235,914 Shares Issued and Outstanding, respectively 214 213
Additional Paid-In Capital 455,822 450,916
Accumulated Deficit (32,487) (23,574)
Total Stockholders' Equity 423,549 427,555
Noncontrolling Interests 7,389 11,780
Total Equity 430,938 439,335
Total Liabilities and Equity $ 454,249 $ 460,883
Preferred Stock, Shares Issued (in shares) 0 0
Preferred Stock, Shares Outstanding (in shares) 0 0