v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Real estate properties $ 1,418,305 $ 1,567,866
Less accumulated depreciation (261,608) (268,046)
Real estate properties, net 1,156,697 1,299,820
Cash 17,546 14,493
Cash held in escrow 1,964 4,716
Restricted cash 24,117 6,995
Investment in unconsolidated joint ventures 62,377
Deferred lease intangibles, net 41,677 51,474
Interest rate swaps 17,760 21,667
Other assets 42,622 42,734
Forward contract asset 3,658
Total assets 1,368,418 1,441,899
Liabilities:    
Secured debt, net 175,980 266,887
Unsecured debt, net 447,741 447,990
Borrowings under line of credit 20,000 155,400
Accounts payable, accrued expenses and other liabilities 83,827 73,904
Warrant liability 45,908
Deferred lease intangibles, net 5,026 6,044
Interest rate swaps 520 1,161
Financing lease liability 2,297 2,271
Total liabilities 781,299 953,657
Equity:    
Common stock, $0.01 par value: 900,000,000 shares authorized; 45,389,186 and 45,250,184 shares issued and outstanding at December 31, 2024 and 2023, respectively 454 452
Additional paid in capital 604,839 644,938
Accumulated deficit (43,262) (182,606)
Accumulated other comprehensive income 17,517 20,233
Total stockholders' equity 579,548 483,017
Non-controlling interest 6,312 5,225
Total equity 585,860 488,242
Total liabilities, redeemable non-controlling interest and equity 1,368,418 1,441,899
Series A Preferred Stock [Member]    
Liabilities:    
Preferred stock $ 1,259

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