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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Real estate, at cost:    
Land $ 197,745 $ 197,745
Buildings and improvements 302,610 301,941
Total real estate, at cost 500,355 499,686
Less: accumulated depreciation and amortization (79,465) (74,569)
Net real estate held for investment 420,890 425,117
Cash and cash equivalents 40,155 42,255
Restricted cash 2,165 1,662
Rental income in excess of amount billed 16,352 15,766
Acquired lease intangible assets, net 6,876 7,873
Investment in unconsolidated affiliate 3,789 3,928
Other assets 16,344 15,492
Total assets 506,571 512,093
Liabilities:    
Mortgage notes payable, net 361,667 361,583
Secured revolving credit facility 50,000 50,000
Accounts payable and accrued expenses 3,291 3,949
Dividends payable 1,378 1,362
Acquired lease intangible liabilities, net 2,886 3,247
Other liabilities 6,450 7,655
Total liabilities 425,672 427,796
Commitments and contingencies (Note 8)
Equity:    
Common stock, $.0001 par value; 100,000,000 shares authorized; 13,773,853 and 13,627,220 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 1 1
Additional paid-in capital 161,823 161,092
Distributions in excess of net income (113,737) (111,129)
Total stockholders’ equity 48,087 49,964
Noncontrolling interest 32,812 34,333
Total equity 80,899 84,297
Total liabilities and equity 506,571 512,093
Series A Preferred Stock [Member]    
Equity:    
Preferred stock, value
Series B Preferred Stock, Non-Voting [Member]    
Equity:    
Preferred stock, value