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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Investments in real estate, net $ 505,966 $ 1,040,937
Cash and cash equivalents 14,600 54,931
Restricted cash 11,507 22,512
Loans receivable, net 71,576 83,248
Accounts receivable, net 5,121 6,640
Deferred rent receivable and charges, net 34,316 84,230
Other intangible assets, net 7,740 9,531
Other assets 9,026 18,197
Assets held for sale, net (Note 3) 0 22,175
TOTAL ASSETS 659,852 1,342,401
LIABILITIES:    
Debt, net 227,727 588,671
Accounts payable and accrued expenses 16,960 41,598
Intangible liabilities, net 1,562 2,872
Due to related parties 6,740 10,951
Other liabilities 9,046 16,535
Liabilities associated with assets held for sale, net (Note 3) 0 28,766
Total liabilities 262,035 689,393
COMMITMENTS AND CONTINGENCIES (Note 15)
REDEEMABLE PREFERRED STOCK: Series A, $0.001 par value; 36,000,000 shares authorized; 1,642,763 and 1,641,563 shares issued and outstanding, respectively, at September 30, 2019 and 1,566,386 and 1,565,346 shares issued and outstanding, respectively, at December 31, 2018; liquidation preference of $25.00 per share, subject to adjustment 37,216 35,733
EQUITY:    
Common stock, $0.001 and $0.003 par value; 900,000,000 shares authorized; 14,602,149 and 14,598,357 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively [1] 15 44
Additional paid-in capital 788,342 790,354
Accumulated other comprehensive income 0 1,806
Distributions in excess of earnings (718,493) (436,883)
Total stockholders' equity 360,102 616,438
Noncontrolling interests 499 837
Total equity 360,601 617,275
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY 659,852 1,342,401
Series A Cumulative Preferred Stock    
EQUITY:    
Preferred stock 60,987 31,866
Series L Preferred Stock    
EQUITY:    
Preferred stock $ 229,251 $ 229,251
[1] All share and per share amounts have been adjusted to give retroactive effect to the one-for-three reverse stock split of our common stock effected on September 3, 2019.