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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Investments in real estate, net $ 498,878 $ 506,040
Cash and cash equivalents 14,552 33,636
Restricted cash 11,593 10,013
Loans receivable, net 94,816 83,135
Accounts receivable, net 2,569 1,737
Deferred rent receivable and charges, net 35,754 35,956
Other intangible assets, net 5,498 6,313
Loan servicing asset, net and other assets 11,360 8,787
TOTAL ASSETS 675,020 685,617
LIABILITIES:    
Debt, net 222,206 324,313
Accounts payable and accrued expenses 17,027 20,327
Intangible liabilities, net 309 587
Due to related parties 9,423 6,706
Other liabilities 14,918 9,733
Total liabilities 263,883 361,666
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 September 30, 2021 and 14,827,410 shares issued and outstanding as of December 31, 2020. 24 15
Additional paid-in capital 867,636 794,127
Distributions in excess of earnings (791,820) (778,519)
Total stockholders’ equity 375,163 277,659
Noncontrolling interests 342 455
Total equity 375,505 278,114
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY 675,020 685,617
Series A Preferred Stock    
LIABILITIES:    
REDEEMABLE PREFERRED STOCK: Series A cumulative redeemable preferred stock, $0.001 par value; 36,000,000 shares authorized; 1,550,884 and 1,548,884 shares issued and outstanding, respectively, as of September 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 35,632 45,837
Series A Cumulative Preferred Stock    
EQUITY:    
Preferred stock 145,093 108,729
Series D Preferred Stock    
EQUITY:    
Preferred stock 1,396 473
Series L Preferred Stock    
EQUITY:    
Preferred stock $ 152,834 $ 152,834