v3.24.1.u1
CONDENSED CONSOLIDATED BALANCE SHEETS UNAUDITED - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Real estate properties $ 1,551,254 $ 1,567,866
Net investment in sales-type lease 21,459
Less accumulated depreciation (277,253) (268,046)
Real estate properties, net 1,295,460 1,299,820
Cash 16,812 14,493
Cash held in escrow 3,222 4,716
Restricted cash 7,203 6,995
Deferred lease intangibles, net 46,396 51,474
Other assets 39,670 42,734
Interest rate swaps 26,382 21,667
Total assets 1,435,145 1,441,899
Liabilities:    
Secured debt, net 265,619 266,887
Unsecured debt, net 448,158 447,990
Borrowings under line of credit 155,400 155,400
Accounts payable, accrued expenses and other liabilities 68,049 73,904
Deferred lease intangibles, net 5,590 6,044
Financing lease liability 2,278 2,271
Interest rate swaps 189 1,161
Total liabilities 945,283 953,657
Equity:    
Common stock, $0.01 par value: 900,000,000 shares authorized; 45,382,076 and 45,250,184 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 453 452
Additional paid in capital 634,651 644,938
Accumulated deficit (176,388) (182,606)
Accumulated other comprehensive income 25,859 20,233
Total stockholders' equity 484,575 483,017
Non-controlling interest 5,287 5,225
Total equity 489,862 488,242
Total liabilities and equity $ 1,435,145 $ 1,441,899

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