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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
ASSETS              
Real estate, net $ 289,300 $ 289,728 $ 302,609 $ 295,631 $ 285,429 $ 275,674  
Cash and cash equivalents 1,381 4,310 917 2,169 5,034 6,515 $ 9,196
Restricted cash 14,232 20,535 11,732 7,626 6,694 9,554 9,474
Prepaid expenses and other assets, net 5,007 4,126 3,555 2,934 3,343 2,703  
Investments in unconsolidated joint ventures 18,517 17,938 18,056 18,318 18,814 19,379  
Receivables 60 84 79 146 919 966  
Deferred rents receivable 118 114 110 106 102 90  
Right-of-use asset 1,224 1,314 1,374 1,389 1,478 1,565  
Intangible assets, net 8,247 8,432 8,617 8,802 8,987 9,172  
Total assets 338,086 346,581 347,049 337,121 330,800 325,618  
LIABILITIES              
Loans payable, net 210,768 219,249 223,503 215,193 207,317 197,330  
Corporate credit facility, net 33,090 32,844 32,597 32,351 32,104 31,858  
Secured line of credit, net 12,750 12,750 11,950 8,950 8,950 7,747  
Note payable 5,863 5,863 5,863 5,863 5,863 5,863  
Accounts payable and accrued expenses 19,876 17,864 18,457 17,458 14,368 15,896  
Lease liability 1,347 1,447 1,516 1,536 1,626 1,716  
Warrant liability 1,515 1,146 1,411 3,129 3,196 830  
Total liabilities 285,209 291,163 295,297 284,480 273,424 261,240  
Commitments and Contingencies  
STOCKHOLDERS' EQUITY              
Special stock, $0.01 par value; 1 share authorized, issued and outstanding at March 31, 2022 and December 31, 2021      
Common stock, $0.01 par value; 79,999,997 shares authorized; 43,387,563 and 43,024,424 shares issued at March 31, 2022 and December 31, 2021, respectively; 36,836,146 and 36,626,549 shares outstanding at March 31, 2022 and December 31, 2021, respectively 434 430 390 389 388 383  
Additional paid-in capital 144,451 144,282 136,672 136,329 136,151 135,978  
Treasury stock (6,551,447 and 6,397,875 shares at March 31, 2022 and December 31, 2021, respectively) (57,461) (57,166) (57,166) (57,166) (57,166) (56,791)  
Accumulated other comprehensive loss (1,224) (1,343) (1,803) (1,922) (2,040) (2,159)  
Accumulated deficit (33,323) (30,785) (26,341) (24,989) (19,957) (13,033)  
Total stockholders' equity 52,877 55,418 51,752 52,641 57,376 64,378 $ 57,792
Total liabilities and stockholders' equity $ 338,086 346,581 347,049 337,121 330,800 325,618  
Blank Check Preferred Stock              
STOCKHOLDERS' EQUITY              
Preferred stock, value    
Preferred Stock              
STOCKHOLDERS' EQUITY              
Preferred stock, value