v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Real Estate    
Land $ 21,397 $ 21,427
Building and Improvements 390,911 378,047
Total Real Estate 412,308 399,474
Less Accumulated Depreciation (31,999) (19,736)
Net Real Estate 380,309 379,738
Cash and Cash Equivalents 25,843 45,192
In-Place Lease Intangible Assets, net 19,779 21,765
Loan Receivable, net (current expected credit loss 2023: $167; 2022: $0) 4,833 5,000
Other Assets 2,528 2,554
Total Assets 433,292 454,249
Liabilities:    
Accounts Payable and Accrued Expenses 1,117 1,659
Revolving Credit Facility 1,000 1,000
Loan Payable, net 1,000 1,986
Dividends and Distributions Payable 8,385 8,512
Security Deposits 8,616 7,774
Rent Received in Advance 990 1,375
Other Liabilities 227 1,005
Total Liabilities 21,335 23,311
Commitments and Contingencies (Note 15)
Equity:    
Preferred Stock, $0.01 Par Value, 100,000,000 Shares Authorized, 0 Shares Issued and Outstanding, respectively 0 0
Common Stock, $0.01 Par Value, 400,000,000 Shares Authorized, 20,503,520 and 21,408,194 Shares Issued and Outstanding, respectively 205 214
Additional Paid-In Capital 445,289 455,822
Accumulated Deficit (40,909) (32,487)
Total Stockholders' Equity 404,585 423,549
Noncontrolling Interests 7,372 7,389
Total Equity 411,957 430,938
Total Liabilities and Equity $ 433,292 $ 454,249

Source