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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Investments in real estate, net $ 504,341 $ 508,707
Cash and cash equivalents 32,111 23,801
Restricted cash 9,877 12,146
Loans receivable, net 89,314 68,079
Accounts receivable, net 1,634 3,520
Deferred rent receivable and charges, net 35,330 34,857
Other intangible assets, net 6,205 7,260
Other assets 9,301 9,222
TOTAL ASSETS 688,113 667,592
LIABILITIES:    
Debt, net 326,546 307,421
Accounts payable and accrued expenses 14,220 24,309
Intangible liabilities, net 730 1,282
Due to related parties 8,119 9,431
Other liabilities 9,137 10,113
Total liabilities 358,752 352,556
COMMITMENTS AND CONTINGENCIES (Note 14)
EQUITY:    
Common stock, $0.001 par value; 900,000,000 shares authorized; 14,827,410 shares issued and outstanding as of September 30, 2020 and 14,602,149 shares issued and outstanding as of December 31, 2019. 15 15
Additional paid-in capital 794,807 794,825
Distributions in excess of earnings (762,245) (740,617)
Total stockholders’ equity 286,260 277,690
Noncontrolling interests 459 505
Total equity 286,719 278,195
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY 688,113 667,592
Series A Preferred Stock    
LIABILITIES:    
REDEEMABLE PREFERRED STOCK: Series A cumulative redeemable preferred stock, $0.001 par value; 36,000,000 shares authorized; 1,898,187 and 1,875,387 shares issued and outstanding, respectively, as of September 30, 2020 and 1,630,821 and 1,630,421 shares issued and outstanding, respectively, as of December 31, 2019; liquidation preference of $25.00 per share, subject to adjustment 42,642 36,841
Series A Cumulative Preferred Stock    
EQUITY:    
Preferred stock 100,386 70,633
Series D Preferred Stock    
EQUITY:    
Preferred stock 463 0
Series L Preferred Stock    
EQUITY:    
Preferred stock $ 152,834 $ 152,834