XML 14 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Investments in real estate, net $ 498,521 $ 506,040
Cash and cash equivalents 59,730 33,636
Restricted cash 9,804 10,013
Loans receivable, net 81,942 83,135
Accounts receivable, net 1,795 1,737
Deferred rent receivable and charges, net 36,339 35,956
Other intangible assets, net 5,754 6,313
Loan servicing asset, net and other assets 10,939 8,787
TOTAL ASSETS 704,824 685,617
LIABILITIES:    
Debt, net 260,717 324,313
Accounts payable and accrued expenses 13,678 20,327
Intangible liabilities, net 388 587
Due to related parties 10,632 6,706
Other liabilities 12,413 9,733
Total liabilities 297,828 361,666
COMMITMENTS AND CONTINGENCIES (Note 13)
EQUITY:    
Common stock, $0.001 par value; 900,000,000 shares authorized; 23,369,331 shares issued and outstanding as of June 30, 2021 and 14,827,410 shares issued and outstanding as of December 31, 2020. 24 15
Additional paid-in capital 868,929 794,127
Distributions in excess of earnings (788,957) (778,519)
Total stockholders’ equity 364,189 277,659
Noncontrolling interests 337 455
Total equity 364,526 278,114
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY 704,824 685,617
Series A Preferred Stock    
LIABILITIES:    
REDEEMABLE PREFERRED STOCK: Series A cumulative redeemable preferred stock, $0.001 par value; 36,000,000 shares authorized; 1,845,681 and 1,844,881 shares issued and outstanding, respectively, as of June 30, 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 42,470 45,837
Series A Cumulative Preferred Stock    
EQUITY:    
Preferred stock 130,595 108,729
Series D Preferred Stock    
EQUITY:    
Preferred stock 764 473
Series L Preferred Stock    
EQUITY:    
Preferred stock $ 152,834 $ 152,834