v3.22.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Land $ 19,788 $ 15,649
Building and Improvements 341,685 272,432
Total Real Estate 361,473 288,081
Less Accumulated Depreciation (13,630) (9,155)
Net Real Estate 347,843 278,926
Cash and Cash Equivalents 49,602 127,097
Loans Receivable 35,000 30,000
In-Place Lease Intangible Assets, net 22,995 24,002
Other Assets 1,560 858
Total Assets 457,000 460,883
Liabilities:    
Accounts Payable and Accrued Expenses 2,712 1,404
Revolving Credit Facility 1,000 0
Loan Payable, net 1,973 3,759
Dividends and Distributions Payable 7,650 6,765
Security Deposits Payable 7,136 6,047
Interest Reserve 306 2,144
Rent Received in Advance 1,628 1,429
Other Liabilities 272 0
Total Liabilities 22,677 21,548
Commitments and Contingencies (Note 13)
Equity:    
Preferred Stock, $0.01 Par Value, 100,000,000 Shares Authorized, 12.5% Series A Redeemable Cumulative Preferred Stock, 0 and 0 Shares Issued and Outstanding, Respectively 0
Common Stock, $0.01 Par Value, 400,000,000 Shares Authorized, 21,318,637 and 21,235,914 Shares Issued and Outstanding, Respectively 213 213
Additional Paid-In Capital 456,083 450,916
Accumulated Deficit (29,395) (23,574)
Total Stockholders' Equity 426,901 427,555
Noncontrolling Interests 7,422 11,780
Total Equity 434,323 439,335
Total Liabilities and Equity $ 457,000 $ 460,883

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