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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Investments in real estate, net $ 506,040 $ 508,707
Cash and cash equivalents 33,636 23,801
Restricted cash 10,013 12,146
Loans receivable, net 83,135 68,079
Accounts receivable, net 1,737 3,520
Deferred rent receivable and charges, net 35,956 34,857
Other intangible assets, net 6,313 7,260
Loan servicing asset, net and other assets 8,787 9,222
TOTAL ASSETS 685,617 667,592
LIABILITIES:    
Debt, net 324,313 307,421
Accounts payable and accrued expenses 20,327 24,309
Intangible liabilities, net 587 1,282
Due to related parties 6,706 9,431
Other liabilities 9,733 10,113
Total liabilities 361,666 352,556
COMMITMENTS AND CONTINGENCIES (Note 14)
EQUITY:    
Common stock, $0.001 par value; 900,000,000 shares authorized; 14,827,410 and 14,602,149 shares issued and outstanding as of December 31, 2020 and December 31, 2019, respectively 15 15
Additional paid-in capital 794,127 794,825
Distributions in excess of earnings (778,519) (740,617)
Total stockholders’ equity 277,659 277,690
Noncontrolling interests 455 505
Total equity 278,114 278,195
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY 685,617 667,592
Series A Preferred Stock    
LIABILITIES:    
REDEEMABLE PREFERRED STOCK: Series A cumulative redeemable preferred stock, $0.001 par value; 36,000,000 shares authorized; 2,008,256 and 2,007,856 shares issued and outstanding, respectively, as of December 31, 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 45,837 36,841
Series A Cumulative Preferred Stock    
EQUITY:    
Cumulative redeemable preferred stock 108,729 70,633
Series D Preferred Stock    
EQUITY:    
Cumulative redeemable preferred stock 473 0
Series L Preferred Stock    
EQUITY:    
Cumulative redeemable preferred stock $ 152,834 $ 152,834