Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Investments in Real Estate (Tables)

v3.21.2
Note 3 - Investments in Real Estate (Tables)
9 Months Ended
Sep. 30, 2021
Notes Tables  
Asset Acquisition [Table Text Block]

Land

  $ 9,248  

Building and Improvements

    78,523  

In-Place Leases

    25,595  

Cash

    64,355  

Other Assets

    154  

Security Deposits Payable

    (1,658 )

Tenant Improvements Payable

    (4,384 )

Accounts Payable, Accrued Expenses and Other Liabilities

    (2,015 )

Total purchase price, including transaction costs

  $ 169,818  
Schedule of Real Estate Properties [Table Text Block]

Tenant

 

Market

 

Closing Date

 

Real Estate

   

In-Place Lease

Costs

   

Transaction

Costs

   

Total

 

Trulieve

 

Pennsylvania

 

March 17, 2021

  $ 32,776     $ 12,098     $ 783     $ 45,657  (1)

Columbia Care

 

Massachusetts

 

March 17, 2021

    13,562       4,042       342       17,946  

Columbia Care

 

Illinois

 

March 17, 2021

    11,144       3,047       276       14,467  

Curaleaf

 

Connecticut

 

March 17, 2021

    2,876       433       64       3,373  

PharmaCann

 

Massachusetts

 

March 17, 2021

    2,047       356       47       2,450  

Curaleaf

 

Arkansas

 

March 17, 2021

    2,116       314       47       2,477  

Curaleaf

 

Ohio

 

March 17, 2021

    3,289       571       75       3,935  

Curaleaf

 

Illinois

 

March 17, 2021

    1,700       252       38       1,990  

Curaleaf

 

Illinois

 

March 17, 2021

    3,298       564       75       3,937  

Columbia Care

 

Illinois

 

March 17, 2021

    1,192       202       27       1,421  

Curaleaf

 

North Dakota

 

March 17, 2021

    2,133       348       48       2,529  

Columbia Care

 

Massachusetts

 

March 17, 2021

    2,276       366       51       2,693  

Curaleaf

 

Illinois

 

March 17, 2021

    1,005       174       23       1,202  

PharmaCann

 

Massachusetts

 

March 17, 2021

    805       268       21       1,094  (2)

Curaleaf

 

Pennsylvania

 

March 17, 2021

    2,185       362       50       2,597  

PharmaCann

 

Pennsylvania

 

March 17, 2021

    1,289       251       30       1,570  

Columbia Care

 

California

 

March 17, 2021

    3,702       1,051       92       4,845  

Curaleaf

 

Pennsylvania

 

March 17, 2021

    1,881       314       43       2,238  

Curaleaf

 

Illinois

 

March 17, 2021

    583       97       13       693  

Subtotal of Merger properties

    89,859       25,110       2,145       117,114  
                                         

Mint

 

Massachusetts

 

April 1, 2021

    1,600               -       1,600  

Mint

 

Arizona

 

June 24, 2021

    2,710               -       2,710  (3)

Revolutionary

 

Massachusetts

 

June 30, 2021

    42,275               585       42,860  (4)

Total

  $ 136,444     $ 25,110     $ 2,730     $ 164,284  

Tenant

 

Market

 

Closing Date

 

Real

Estate

   

Costs

   

Total

 

Acreage

 

Pennsylvania

 

October 24, 2019

  $ 9,823     $ 336     $ 10,159  

Acreage

 

Massachusetts

 

October 24, 2019

    9,682       106       9,788  

Acreage

 

Connecticut

 

October 30, 2019

    800       126       926  

Cresco Labs

 

Illinois

 

December 11, 2019

    50,000       678       50,678  

Curaleaf

 

Florida

 

August 4, 2020

    53,763       1,237       55,000  
            $ 124,068     $ 2,483     $ 126,551  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Year

 

Amortization Expenses

 

2021 (three months ending December 31)

  $ 502  

2022

    2,013  

2023

    2,013  

2024

    2,013  

2025

    2,013  

Thereafter

    15,950  

Total

  $ 24,504  
Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity [Table Text Block]

Year

 

Contractual Minimum

Rent

 

2021 (three months ending December 31)

  $ 8,206  

2022

    34,966  

2023

    36,793  

2024

    37,746  

2025

    38,725  

Thereafter

    442,813  

Total

  $ 599,249