v3.23.2
CONDENSED CONSOLIDATED BALANCE SHEETS UNAUDITED - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Real estate properties $ 1,571,334 $ 1,555,846
Less accumulated depreciation (239,306) (205,629)
Real estate properties, net 1,332,028 1,350,217
Cash 19,010 11,003
Cash held in escrow 12,498 13,376
Restricted cash 7,009 6,834
Deferred lease intangibles, net 60,304 70,718
Interest rate swaps 31,180 30,115
Other assets 38,631 39,055
Total assets 1,500,660 1,521,318
Liabilities:    
Secured debt, net 386,191 389,531
Unsecured debt, net 447,655 447,345
Borrowings under line of credit 87,500 77,500
Accounts payable, accrued expenses and other liabilities 70,492 72,551
Deferred lease intangibles, net 7,179 8,918
Financing lease liability 2,260 2,248
Total liabilities 1,001,277 998,093
Equity:    
Common stock, $0.01 par value: 900,000,000 shares authorized; 43,100,864 and 42,849,489 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 431 428
Additional paid in capital 616,414 635,068
Accumulated deficit (200,147) (194,243)
Accumulated other comprehensive income 30,792 29,739
Total stockholders' equity 447,490 470,992
Non-controlling interest 5,090 5,389
Total equity 452,580 476,381
Total liabilities, preferred stock and equity 1,500,660 1,521,318
Series A Preferred Stock [Member]    
Liabilities:    
Preferred stock $ 46,803 $ 46,844

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