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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Investments in real estate, net $ 711,848 $ 502,006
Investments in unconsolidated entities 27,525 12,381
Cash and cash equivalents 24,561 46,190
Restricted cash 23,783 11,290
Loans receivable, net (Note 5) 60,451 62,547
Accounts receivable, net 4,673 3,780
Deferred rent receivable and charges, net 32,773 37,543
Other intangible assets, net 13,552 4,461
Other assets 20,529 10,050
TOTAL ASSETS 919,695 690,248
LIABILITIES:    
Debt, net 487,802 184,267
Accounts payable and accrued expenses 31,482 107,220
Intangible liabilities, net 93 20
Due to related parties 4,725 3,155
Other liabilities 14,271 17,856
Total liabilities 538,373 312,518
COMMITMENTS AND CONTINGENCIES (Note 15)
REDEEMABLE PREFERRED STOCK: Series A cumulative redeemable preferred stock, $0.001 par value; 35,061,620 shares authorized; no shares issued or outstanding as of June 30, 2023 and 693,741 and 693,741 shares issued and outstanding, respectively, as of December 31, 2022; liquidation preference of $25.00 per share, subject to adjustment 0 15,697
EQUITY:    
Common stock, $0.001 par value; 900,000,000 shares authorized; 22,737,853 shares issued and outstanding as of June 30, 2023 and 22,737,853 shares issued and outstanding as of December 31, 2022. 23 23
Additional paid-in capital 856,235 861,721
Distributions in excess of earnings (878,854) (837,846)
Total stockholders’ equity 377,574 361,660
Noncontrolling interests 3,748 373
Total equity 381,322 362,033
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY 919,695 690,248
Series A Preferred Stock    
EQUITY:    
Preferred stock 196,911 189,048
Series A1 Preferred Stock    
EQUITY:    
Preferred stock 202,069 147,514
Series D Preferred Stock    
EQUITY:    
Preferred stock $ 1,190 $ 1,200