XML 52 R2.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Assets    
Land and improvements $ 30,664 $ 36,786
Building and improvements 101,674 117,852
Furniture and fixtures 2,346 2,265
Construction in progress 148,160 63,519
Gross investment property 282,844 220,422
Less accumulated depreciation (28,700) (30,028)
Net investment property 254,144 190,394
Investments in related parties 77,223 102,008
Cash and cash equivalents 22,834 35,565
Marketable securities and other investments 55,562 106,949
Restricted cash 1,608 1,017
Notes receivable, net 67,132 0
Prepaid expenses and other assets 2,122 3,050
Assets held for disposition 0 37,226
Total Assets 480,625 476,209
Liabilities and Stockholders' Equity    
Mortgages payable, net 139,013 118,401
Accounts payable, accrued expenses and other liabilities 2,912 3,024
Due to related parties 337 432
Tenant allowances and deposits payable 587 611
Distributions payable 3,992 4,134
Deferred rental income 523 662
Liabilities held for disposition 0 50,704
Total Liabilities 147,364 177,968
Commitments and contingencies
Company's Stockholders Equity:    
Preferred shares, $0.01 par value, 10.0 million shares authorized, none issued and outstanding 0 0
Common stock, $0.01 par value; 60.0 million shares authorized, 22.8 million and 23.7 million shares issued and outstanding, respectively 228 237
Additional paid-in-capital 174,754 184,469
Accumulated other comprehensive income/(loss) 128 (2,251)
Accumulated surplus 111,102 101,382
Total Company's stockholders' equity 286,212 283,837
Noncontrolling interests 47,049 14,404
Total Stockholders' Equity 333,261 298,241
Total Liabilities and Stockholders' Equity $ 480,625 $ 476,209