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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Investments in real estate, net $ 502,122 $ 506,040
Cash and cash equivalents 34,605 33,636
Restricted cash 9,891 10,013
Loans receivable, net 84,441 83,135
Accounts receivable, net 1,566 1,737
Deferred rent receivable and charges, net 35,894 35,956
Other intangible assets, net 6,014 6,313
Loan servicing asset, net and other assets 11,350 8,787
TOTAL ASSETS 685,883 685,617
LIABILITIES:    
Debt, net 331,759 324,313
Accounts payable and accrued expenses 11,319 20,327
Intangible liabilities, net 472 587
Due to related parties 6,918 6,706
Other liabilities 11,596 9,733
Total liabilities 362,064 361,666
COMMITMENTS AND CONTINGENCIES (Note 13)
EQUITY:    
Common stock, $0.001 par value; 900,000,000 shares authorized; 14,827,410 shares issued and outstanding as of March 31, 2021 and 14,827,410 shares issued and outstanding as of December 31, 2020. 15 15
Additional paid-in capital 793,344 794,127
Distributions in excess of earnings (785,730) (778,519)
Total stockholders’ equity 278,175 277,659
Noncontrolling interests 340 455
Total equity 278,515 278,114
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY 685,883 685,617
Series A Preferred Stock    
LIABILITIES:    
REDEEMABLE PREFERRED STOCK: Series A cumulative redeemable preferred stock, $0.001 par value; 36,000,000 shares authorized; 1,973,186 and 1,972,786 shares issued and outstanding, respectively, as of March 31, 2021 and 2,008,256 and 2,007,856 shares issued and outstanding, respectively, as of December 31, 2020; liquidation preference of $25.00 per share, subject to adjustment 45,304 45,837
Series A Cumulative Preferred Stock    
EQUITY:    
Preferred stock 117,140 108,729
Series D Preferred Stock    
EQUITY:    
Preferred stock 572 473
Series L Preferred Stock    
EQUITY:    
Preferred stock $ 152,834 $ 152,834