v3.24.1.u1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Real Estate    
Land $ 21,397 $ 21,397
Building and Improvements 398,805 390,911
Total Real Estate 420,202 412,308
Less Accumulated Depreciation (35,066) (31,999)
Net Real Estate 385,136 380,309
Cash and Cash Equivalents 21,546 25,843
In-Place Lease Intangible Assets, net 19,283 19,779
Loan Receivable, net (Current Expected Credit Loss of $152 and $167, Respectively) 4,848 4,833
Other Assets 2,304 2,528
Total Assets 433,117 433,292
Liabilities:    
Accounts Payable and Accrued Expenses 697 1,117
Revolving Credit Facility 4,000 1,000
Loan Payable, net 0 1,000
Dividends and Distributions Payable 8,577 8,385
Security Deposits 8,342 8,616
Rent Received in Advance 668 990
Other Liabilities 170 227
Total Liabilities 22,454 21,335
Commitments and Contingencies
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, 20,509,883 and 20,503,520 Shares Issued and Outstanding, respectively 205 205
Additional Paid-In Capital 445,590 445,289
Accumulated Deficit (42,479) (40,909)
Total Stockholders' Equity 403,316 404,585
Noncontrolling Interests 7,347 7,372
Total Equity 410,663 411,957
Total Liabilities and Equity $ 433,117 $ 433,292

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