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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Investments in real estate, net $ 502,607 $ 497,984
Investment in unconsolidated entity 22,788 0
Cash and cash equivalents 16,480 22,311
Restricted cash 11,208 11,340
Loans receivable, net 68,540 73,543
Accounts receivable, net 3,353 3,396
Deferred rent receivable and charges, net 36,474 36,095
Other intangible assets, net 4,812 5,251
Other assets 11,483 10,946
TOTAL ASSETS 677,745 660,866
LIABILITIES:    
Debt, net 207,816 201,145
Accounts payable and accrued expenses 19,195 26,751
Intangible liabilities, net 108 237
Due to related parties 7,013 4,541
Other liabilities 20,471 16,861
Total liabilities 254,603 249,535
COMMITMENTS AND CONTINGENCIES (Note 14)
REDEEMABLE PREFERRED STOCK: Series A cumulative redeemable preferred stock, $0.001 par value; 36,000,000 shares authorized; 1,565,703 and 1,565,703 shares issued and outstanding, respectively, as of June 30, 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 36,136 37,782
EQUITY:    
Common stock, $0.001 par value; 900,000,000 shares authorized; 23,358,941 shares issued and outstanding as of June 30, 2022 and 23,369,331 shares issued and outstanding as of December 31, 2021. 24 24
Additional paid-in capital 864,602 866,746
Distributions in excess of earnings (809,157) (804,227)
Total stockholders’ equity 386,645 373,204
Noncontrolling interests 361 345
Total equity 387,006 373,549
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY 677,745 660,866
Series A Preferred Stock    
EQUITY:    
Preferred stock 172,176 156,431
Series A1 Preferred Stock    
EQUITY:    
Preferred stock 4,770 0
Series D Preferred Stock    
EQUITY:    
Preferred stock 1,396 1,396
Series L Preferred Stock    
EQUITY:    
Preferred stock $ 152,834 $ 152,834