v3.23.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Real Estate    
Land $ 21,397 $ 21,427
Building and Improvements 379,473 378,047
Total Real Estate 400,870 399,474
Less Accumulated Depreciation (25,864) (19,736)
Net Real Estate 375,006 379,738
Cash and Cash Equivalents 40,674 45,192
In-Place Lease Intangible Assets, net 20,772 21,765
Loan Receivable 5,000 5,000
Property Held for Sale 1,949 0
Other Assets 2,036 2,554
Total Assets 445,437 454,249
Liabilities:    
Accounts Payable and Accrued Expenses 1,424 1,659
Revolving Credit Facility 1,000 1,000
Loan Payable, net 993 1,986
Dividends and Distributions Payable 8,468 8,512
Security Deposits 7,461 7,774
Rent Received in Advance 698 1,375
Other Liabilities 217 1,005
Total Liabilities 20,261 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, 21,302,515 and 21,408,194 Shares Issued and Outstanding, Respectively 213 214
Additional Paid-In Capital 455,143 455,822
Accumulated Deficit (37,508) (32,487)
Total Stockholders' Equity 417,848 423,549
Noncontrolling Interests 7,328 7,389
Total Equity 425,176 430,938
Total Liabilities and Equity $ 445,437 $ 454,249

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