v3.24.2.u1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Real Estate    
Land $ 21,717 $ 21,397
Building and Improvements 405,955 390,911
Total Real Estate 427,672 412,308
Less Accumulated Depreciation (38,191) (31,999)
Net Real Estate 389,481 380,309
Cash and Cash Equivalents 20,687 25,843
In-Place Lease Intangible Assets, net 18,786 19,779
Loan Receivable, net (Current Expected Credit Loss of $141 and $167, respectively) 4,859 4,833
Other Assets 2,385 2,528
Total Assets 436,198 433,292
Liabilities:    
Accounts Payable and Accrued Expenses 921 1,117
Revolving Credit Facility 7,600 1,000
Loan Payable, net 0 1,000
Dividends and Distributions Payable 9,009 8,385
Security Deposits 8,789 8,616
Rent Received in Advance 784 990
Other Liabilities 149 227
Total Liabilities 27,252 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 446,006 445,289
Accumulated Deficit (44,581) (40,909)
Total Stockholders' Equity 401,630 404,585
Noncontrolling Interests 7,316 7,372
Total Equity 408,946 411,957
Total Liabilities and Equity $ 436,198 $ 433,292

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