Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Real estate, at cost $ 1,094,854 $ 1,056,978
Less: accumulated depreciation 221,849 207,523
Total real estate, net 873,005 849,455
Lease intangibles, net 114,242 115,465
Real estate and related assets held for sale, net 18,173 3,990
Cash and cash equivalents 10,370 6,849
Restricted cash 4,892 4,639
Funds held in escrow 8,936 7,226
Right-of-use assets from operating leases 5,636 5,794
Deferred rent receivable, net 35,661 37,177
Other assets 4,921 8,913
TOTAL ASSETS 1,075,836 1,039,508
LIABILITIES    
Mortgage notes payable, net 458,364 453,739
Borrowings under Revolver, net 43,149 51,579
Borrowings under Term Loan, net 159,146 121,276
Deferred rent liability, net 19,773 19,322
Operating lease liabilities 5,728 5,847
Asset retirement obligation 3,060 3,137
Accounts payable and accrued expenses 7,700 5,573
Liabilities related to assets held for sale, net 1,108 21
Due to Adviser and Administrator [1] 2,971 2,904
Other liabilities 16,275 12,920
TOTAL LIABILITIES 717,274 676,318
Commitments and contingencies [2]
MEZZANINE EQUITY    
Series D and E redeemable preferred stock, net, par value $0.001 per share; $25 per share liquidation preference; 12,760,000 shares authorized; and 6,299,555 shares issued and outstanding at September 30, 2020 and December 31, 2019 [3] 157,751 152,153
EQUITY    
Senior common stock, par value $0.001 per share; 950,000 shares authorized; and 776,647 and 806,435 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively [3] 1 1
Common stock, par value $0.001 per share, 60,290,000 and 86,290,000 shares authorized and 33,960,707 and 32,593,651 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively [3] 34 32
Series F redeemable preferred stock, par value $0.001 per share; $25 per share liquidation preference; 26,000,000 and 0 shares authorized and XXX,XXX and 0 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively [3] 0 0
Additional paid in capital 604,707 571,205
Accumulated other comprehensive income (4,859) (2,126)
Distributions in excess of accumulated earnings (401,834) (360,978)
TOTAL STOCKHOLDERS' EQUITY 198,049 208,134
OP Units held by Non-controlling OP Unitholders [3] 2,762 2,903
TOTAL EQUITY 200,811 211,037
TOTAL LIABILITIES, MEZZANINE EQUITY AND EQUITY $ 1,075,836 $ 1,039,508
[1] Refer to Note 2 “Related-Party Transactions”
[2] Refer to Note 7 “Commitments and Contingencies”
[3] Refer to Note 8 “Equity and Mezzanine Equity”