v3.23.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Real Estate    
Land $ 21,397 $ 21,427
Building and Improvements 382,087 378,047
Total Real Estate 403,484 399,474
Less Accumulated Depreciation (28,931) (19,736)
Net Real Estate 374,553 379,738
Cash and Cash Equivalents 31,065 45,192
In-Place Lease Intangible Assets, net 20,275 21,765
Loan Receivable 5,000 5,000
Property Held for Sale 1,949 0
Other Assets 2,300 2,554
Total Assets 435,142 454,249
Liabilities:    
Accounts Payable and Accrued Expenses 1,000 1,659
Revolving Credit Facility 1,000 1,000
Loan Payable, net 997 1,986
Dividends and Distributions Payable 8,231 8,512
Security Deposits 7,338 7,774
Rent Received in Advance 907 1,375
Other Liabilities 199 1,005
Total Liabilities 19,672 23,311
Commitments and Contingencies
Equity:    
Preferred Stock, $0.01 Par Value, 100,000,000 Shares Authorized, 0 and 0 Shares Issued and Outstanding, Respectively 0 0
Common Stock, $0.01 Par Value, 400,000,000 Shares Authorized, 20,694,363 and 21,408,194 Shares Issued and Outstanding, Respectively 207 214
Additional Paid-In Capital 447,531 455,822
Accumulated Deficit (39,635) (32,487)
Total Stockholders' Equity 408,103 423,549
Noncontrolling Interests 7,367 7,389
Total Equity 415,470 430,938
Total Liabilities and Equity $ 435,142 $ 454,249

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