v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Real estate properties $ 1,567,866 $ 1,555,846
Less accumulated depreciation (268,046) (205,629)
Real estate properties, net 1,299,820 1,350,217
Cash 14,493 11,003
Cash held in escrow 4,716 13,376
Restricted cash 6,995 6,834
Deferred lease intangibles, net 51,474 70,718
Interest rate swaps 21,667 30,115
Other assets 42,734 39,055
Total assets 1,441,899 1,521,318
Liabilities:    
Secured debt, net 266,887 389,531
Unsecured debt, net 447,990 447,345
Borrowings under line of credit 155,400 77,500
Accounts payable, accrued expenses and other liabilities 73,904 72,551
Deferred lease intangibles, net 6,044 8,918
Interest rate swaps 1,161
Financing lease liability 2,271 2,248
Total liabilities 953,657 998,093
Equity:    
Common stock, $0.01 par value: 900,000,000 shares authorized; 45,250,184 and 42,849,489 shares issued and outstanding at December 31, 2023 and 2022, respectively 452 428
Additional paid in capital 644,938 635,068
Accumulated deficit (182,606) (194,243)
Accumulated other comprehensive income 20,233 29,739
Total stockholders' equity 483,017 470,992
Non-controlling interest 5,225 5,389
Total equity 488,242 476,381
Total liabilities, preferred stock and equity 1,441,899 1,521,318
Series A Preferred Stock [Member]    
Liabilities:    
Preferred stock $ 46,844

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