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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Investments in real estate, net $ 503,790 $ 497,984
Investment in unconsolidated entity 12,149 0
Cash and cash equivalents 14,794 22,311
Restricted cash 12,006 11,340
Loans receivable, net 66,627 73,543
Accounts receivable, net 3,930 3,396
Deferred rent receivable and charges, net 36,408 36,095
Other intangible assets, net 4,665 5,251
Other assets 11,228 10,946
TOTAL ASSETS 665,597 660,866
LIABILITIES:    
Debt, net 216,442 201,145
Accounts payable and accrued expenses 24,339 26,751
Intangible liabilities, net 78 237
Due to related parties 3,984 4,541
Other liabilities 19,537 16,861
Total liabilities 264,380 249,535
COMMITMENTS AND CONTINGENCIES (Note 14)
REDEEMABLE PREFERRED STOCK: Series A cumulative redeemable preferred stock, $0.001 par value; 36,000,000 shares authorized; 1,266,400 and 1,265,200 shares issued and outstanding, respectively, as of September 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 29,073 37,782
EQUITY:    
Common stock, $0.001 par value; 900,000,000 shares authorized; 22,737,853 shares issued and outstanding as of September 30, 2022 and 23,369,331 shares issued and outstanding as of December 31, 2021. 23 24
Additional paid-in capital 862,360 866,746
Distributions in excess of earnings (823,523) (804,227)
Total stockholders’ equity 371,778 373,204
Noncontrolling interests 366 345
Total equity 372,144 373,549
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY 665,597 660,866
Series A Preferred Stock    
EQUITY:    
Preferred stock 178,287 156,431
Series A1 Preferred Stock    
EQUITY:    
Preferred stock 69,490 0
Series D Preferred Stock    
EQUITY:    
Preferred stock 1,396 1,396
Series L Preferred Stock    
EQUITY:    
Preferred stock $ 83,745 $ 152,834