v3.22.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Real estate properties $ 1,555,846 $ 1,254,007
Less accumulated depreciation (205,629) (142,192)
Real estate properties, net 1,350,217 1,111,815
Cash 11,003 26,232
Cash held in escrow 13,376 11,893
Restricted cash 6,834 5,249
Deferred lease intangibles, net 70,718 75,864
Investment in unconsolidated joint venture 5,833
Interest rate swaps 30,115
Other assets 39,055 33,919
Total assets 1,521,318 1,270,805
Liabilities:    
Secured debt, net 389,531 352,075
Unsecured debt, net 447,345 297,840
Borrowings under line of credit 77,500 38,000
Accounts payable, accrued expenses and other liabilities 72,551 66,880
Deferred lease intangibles, net 8,918 10,273
Financing lease liability 2,248 2,227
Total liabilities 998,093 767,295
Equity:    
Common stock, $0.01 par value: 900,000,000 shares authorized; 42,849,489 and 36,110,659 shares issued and outstanding at December 31, 2022 and 2021, respectively 428 361
Additional paid in capital 635,068 532,666
Accumulated deficit (194,243) (177,258)
Accumulated other comprehensive income 29,739
Total stockholders' equity 470,992 355,769
Non-controlling interest 5,389 4,831
Total equity 476,381 360,600
Total liabilities, preferred stock and equity 1,521,318 1,270,805
Series A Preferred Stock [Member]    
Liabilities:    
Preferred stock 46,844 48,473
Series B Preferred Stock [Member]    
Liabilities:    
Preferred stock $ 94,437

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