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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Investments in real estate, net $ 497,984 $ 506,040
Cash and cash equivalents 22,311 33,636
Restricted cash 11,340 10,013
Loans receivable, net 73,543 83,135
Accounts receivable, net 3,396 1,737
Deferred rent receivable and charges, net 36,095 35,956
Other intangible assets, net 5,251 6,313
Other assets 10,946 8,787
TOTAL ASSETS 660,866 685,617
LIABILITIES:    
Debt, net 201,145 324,313
Accounts payable and accrued expenses 26,751 20,327
Intangible liabilities, net 237 587
Due to related parties 4,541 6,706
Other liabilities 16,861 9,733
Total liabilities 249,535 361,666
COMMITMENTS AND CONTINGENCIES (Note 13)
EQUITY:    
Common stock, $0.001 par value; 900,000,000 shares authorized; 23,369,331 and 14,827,410 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively 24 15
Additional paid-in capital 866,746 794,127
Distributions in excess of earnings (804,227) (778,519)
Total stockholders’ equity 373,204 277,659
Noncontrolling interests 345 455
Total equity 373,549 278,114
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY 660,866 685,617
Series A Preferred Stock    
LIABILITIES:    
REDEEMABLE PREFERRED STOCK: Series A cumulative redeemable preferred stock, $0.001 par value; 36,000,000 shares authorized; 1,633,965 and 1,631,965 shares issued and outstanding, respectively, as of December 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 37,782 45,837
Series A Cumulative Preferred Stock    
EQUITY:    
Cumulative redeemable preferred stock 156,431 108,729
Series D Preferred Stock    
EQUITY:    
Cumulative redeemable preferred stock 1,396 473
Series L Preferred Stock    
EQUITY:    
Cumulative redeemable preferred stock $ 152,834 $ 152,834