Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Real estate, at cost $ 880,614 $ 821,749
Less: accumulated depreciation 146,229 131,661
Total real estate, net 734,385 690,088
Lease intangibles, net 115,210 105,553
Real estate and related assets held for sale, net 0 9,562
Cash and cash equivalents 4,287 4,658
Restricted cash 3,533 3,030
Funds held in escrow 12,312 6,806
Deferred rent receivable, net 31,030 29,725
Other assets 4,094 2,320
TOTAL ASSETS 904,851 851,742
LIABILITIES    
Mortgage notes payable, net [1] 450,032 445,278
Borrowings under Revolver, net 43,933 39,225
Borrowings under Term Loan, net 24,912 24,892
Deferred rent liability, net 15,554 12,647
Asset retirement obligation 3,136 3,406
Accounts payable and accrued expenses 8,221 5,891
Liabilities related to assets held for sale, net 0 1,041
Due to Adviser and Administrator [1] 2,250 2,075
Other liabilities 7,803 6,667
TOTAL LIABILITIES 555,841 541,122
Commitments and contingencies [2]
MEZZANINE EQUITY    
Series D redeemable preferred stock, net, par value $0.001 per share; $25 per share liquidation preference; 6,000,000 shares authorized; and 3,007,293 and 2,917,458 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively [3] 81,978 70,743
TOTAL MEZZANINE EQUITY 81,978 70,743
STOCKHOLDERS’ EQUITY    
Series A and B redeemable preferred stock, par value $0.001 per share; $25 per share liquidation preference; 5,350,000 shares authorized and 2,264,000 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively 2 2
Senior common stock, par value $0.001 per share; 4,450,000 shares authorized; and 928,192 and 959,552 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively 1 1
Common stock, par value $0.001 per share, 34,200,000 and 34,040,000 shares authorized and 27,694,624 and 24,882,758 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively 28 25
Additional paid in capital 520,143 463,436
Accumulated other comprehensive income 172 0
Distributions in excess of accumulated earnings (253,314) (223,587)
TOTAL STOCKHOLDERS' EQUITY 267,032 239,877
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY $ 904,851 $ 851,742
[1] Refer to Note 2 "Related-Party Transactions"
[2] Refer to Note 9 “Commitments and Contingencies”
[3] Refer to Note 10 “Stockholders' and Mezzanine Equity”