Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Investments in real estate, net $ 820,763 $ 792,081
Lease intangibles, net 3,680 4,827
Cash and cash equivalents 24,779 13,688
Other assets, net 7,467 6,191
TOTAL ASSETS 856,689 816,787
LIABILITIES:    
Borrowings under lines of credit 100 100
Notes and bonds payable, net 491,538 481,829
Series A cumulative term preferred stock, $0.001 par value, $25.00 per share liquidation preference; 2,000,000 shares authorized, 1,150,000 shares issued and outstanding as of June 30, 2020, and December 31, 2019, net 28,476 28,359
Accounts payable and accrued expenses 12,443 10,132
Due to related parties, net 1,653 2,169
Other liabilities, net 16,096 15,228
Total liabilities 550,306 537,817
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.001 par value; 65,527,518 shares authorized 21,534,739 shares issued and outstanding as of June 30, 2020; 91,514,600 shares authorized, 20,936,658 shares issued and outstanding as of December 31, 2019 22 21
Additional paid-in capital 352,677 315,770
Accumulated other comprehensive loss (1,816) (390)
Distributions in excess of accumulated earnings (45,653) (38,785)
Total stockholders’ equity 305,236 276,621
Non-controlling interests in Operating Partnership 1,147 2,349
Total equity 306,383 278,970
TOTAL LIABILITIES AND EQUITY 856,689 816,787
Series B Preferred Stock    
Stockholders’ equity:    
Preferred stock, value 6 5
Series C Preferred Stock    
Stockholders’ equity:    
Preferred stock, value $ 0 $ 0