Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Investments in real estate, net $ 858,753 $ 792,081
Lease intangibles, net 3,626 4,827
Cash and cash equivalents 6,455 13,688
Other assets, net 9,543 6,191
TOTAL ASSETS 878,377 816,787
LIABILITIES:    
Borrowings under lines of credit 11,600 100
Notes and bonds payable, net 491,921 481,829
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 September 30, 2020, and December 31, 2019, net 28,535 28,359
Accounts payable and accrued expenses 11,997 10,132
Due to related parties, net 2,266 2,169
Other liabilities, net 14,743 15,228
Total liabilities 561,062 537,817
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.001 par value; 65,543,935 shares authorized 22,204,906 shares issued and outstanding as of September 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 368,465 315,770
Accumulated other comprehensive loss (1,721) (390)
Distributions in excess of accumulated earnings (49,457) (38,785)
Total stockholders’ equity 317,315 276,621
Non-controlling interests in Operating Partnership 0 2,349
Total equity 317,315 278,970
TOTAL LIABILITIES AND EQUITY 878,377 816,787
Series B Preferred Stock    
Stockholders’ equity:    
Preferred stock, value 6 5
Series C Preferred Stock    
Stockholders’ equity:    
Preferred stock, value $ 0 $ 0