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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Investments in real estate, net $ 497,444 $ 497,984
Investment in unconsolidated entity - at fair value 22,528 0
Cash and cash equivalents 17,055 22,311
Restricted cash 13,568 11,340
Loans receivable, net 79,404 73,543
Accounts receivable, net 2,952 3,396
Deferred rent receivable and charges, net 35,758 36,095
Other intangible assets, net 5,010 5,251
Other assets 14,546 10,946
TOTAL ASSETS 688,265 660,866
LIABILITIES:    
Debt, net 228,198 201,145
Accounts payable and accrued expenses 16,030 26,751
Intangible liabilities, net 168 237
Due to related parties 5,812 4,541
Other liabilities 21,616 16,861
Total liabilities 271,824 249,535
COMMITMENTS AND CONTINGENCIES (Note 14)
EQUITY:    
Common stock, $0.001 par value; 900,000,000 shares authorized; 23,369,331 shares issued and outstanding as of March 31, 2022 and 23,369,331 shares issued and outstanding as of December 31, 2021. 24 24
Additional paid-in capital 866,272 866,746
Distributions in excess of earnings (806,923) (804,227)
Total stockholders’ equity 377,110 373,204
Noncontrolling interests 350 345
Total equity 377,460 373,549
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY 688,265 660,866
Series A Preferred Stock    
LIABILITIES:    
REDEEMABLE PREFERRED STOCK: Series A cumulative redeemable preferred stock, $0.001 par value; 36,000,000 shares authorized; 1,693,649 and 1,693,649 shares issued and outstanding, respectively, as of March 31, 2022 and 1,633,965 and 1,631,965 shares issued and outstanding, respectively, as of December 31, 2021; liquidation preference of $25.00 per share, subject to adjustment 38,981 37,782
Series A Cumulative Preferred Stock    
EQUITY:    
Preferred stock 163,507 156,431
Series D Preferred Stock    
EQUITY:    
Preferred stock 1,396 1,396
Series L Preferred Stock    
EQUITY:    
Preferred stock $ 152,834 $ 152,834