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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Investments in real estate, net $ 700,618 $ 704,762
Investments in unconsolidated entities 33,709 33,505
Cash and cash equivalents 21,307 19,290
Restricted cash 24,335 24,938
Loans receivable, net (Note 5) 56,229 57,005
Accounts receivable, net 6,030 5,347
Deferred rent receivable and charges, net 27,793 28,222
Other intangible assets, net 3,852 3,948
Other assets 13,630 14,183
TOTAL ASSETS 887,503 891,200
LIABILITIES:    
Debt, net 472,813 471,561
Accounts payable and accrued expenses 25,639 26,426
Due to related parties 3,333 3,463
Other liabilities 13,639 12,981
Total liabilities 515,424 514,431
COMMITMENTS AND CONTINGENCIES (Note 15)
EQUITY:    
Common stock, $0.001 par value; 900,000,000 shares authorized; 22,786,741 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 23 23
Additional paid-in capital 851,234 852,476
Distributions in excess of earnings (936,151) (921,925)
Total stockholders’ equity 369,888 374,403
Non-controlling interests 2,191 2,366
Total equity 372,079 376,769
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY 887,503 891,200
Series A Preferred Stock    
EQUITY:    
Preferred stock $ 176,007 $ 185,704
Preferred stock, shares authorized (in shares) 34,211,995 34,611,501
Series A1 Preferred Stock    
EQUITY:    
Preferred stock $ 277,585 $ 256,935
Preferred stock, shares authorized (in shares) 27,880,928 27,904,974
Series D Preferred Stock    
EQUITY:    
Preferred stock $ 1,190 $ 1,190
Preferred stock, shares authorized (in shares) 26,991,590 26,991,590