v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS UNAUDITED - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Real estate properties $ 1,393,892 $ 1,567,866
Less: accumulated depreciation (246,652) (268,046)
Real estate properties, net 1,147,240 1,299,820
Real estate assets held for sale, net 199,548
Cash 21,383 14,493
Cash held in escrow 4,780 4,716
Restricted cash 7,393 6,995
Deferred lease intangibles, net 44,458 51,474
Other assets 49,256 42,734
Interest rate swaps 13,237 21,667
Forward contract asset 9,116
Total assets 1,496,411 1,441,899
Liabilities:    
Secured debt, net 176,717 266,887
Unsecured debt, net 448,465 447,990
Borrowings under line of credit 196,400 155,400
Accounts payable, accrued expenses and other liabilities 83,397 73,904
Real estate liabilities held for sale, net 67,982
Warrant liability 73,335
Deferred lease intangibles, net 5,095 6,044
Financing lease liability 2,290 2,271
Interest rate swaps 1,085 1,161
Total liabilities 1,054,766 953,657
Redeemable non-controlling interest - Series C Preferred Units, 500,000 units authorized, (aggregate liquidation preference of $82,229 and $0 at September 30, 2024 and December 31, 2023, respectively) 426
Equity:    
Common stock, $0.01 par value: 900,000,000 shares authorized; 45,390,436 and 45,250,184 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 454 452
Additional paid in capital 614,716 644,938
Accumulated deficit (190,675) (182,606)
Accumulated other comprehensive income 11,969 20,233
Total stockholders' equity 436,464 483,017
Non-controlling interest 4,755 5,225
Total equity 441,219 488,242
Total liabilities, redeemable non-controlling interest and equity $ 1,496,411 $ 1,441,899

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