Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Real Estate    
Land $ 21,146 $ 15,649
Building and Improvements 375,051 272,432
Total Real Estate 396,197 288,081
Less Accumulated Depreciation (16,757) (9,155)
Net Real Estate 379,440 278,926
Cash and Cash Equivalents 45,023 127,097
Loans Receivable 5,000 30,000
In-Place Lease Intangible Assets, net 22,492 24,002
Other Assets 2,667 858
Total Assets 454,622 460,883
Liabilities:    
Accounts Payable and Accrued Expenses 1,967 1,404
Revolving Credit Facility 1,000 0
Loan Payable, net 1,980 3,759
Dividends and Distributions Payable 8,064 6,765
Security Deposits Payable 7,310 6,047
Interest Reserve 0 2,144
Rent Received in Advance 862 1,429
Other Liabilities 276 0
Total Liabilities 21,459 21,548
Commitments and Contingencies
Equity:    
Preferred Stock, $0.01 Par Value, 100,000,000 Shares Authorized, 0 and 0 Shares Issued and Outstanding, Respectively 0 0
Common Stock, $0.01 Par Value, 400,000,000 Shares Authorized, 21,403,817 and 21,235,914 Shares Issued and Outstanding, Respectively 214 213
Additional Paid-In Capital 456,352 450,916
Accumulated Deficit (30,811) (23,574)
Total Stockholders' Equity 425,755 427,555
Noncontrolling Interests 7,408 11,780
Total Equity 433,163 439,335
Total Liabilities and Equity $ 454,622 $ 460,883