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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Land $ 124,860 $ 124,860
Buildings and improvements, less accumulated depreciation of $24,903 and $21,403, respectively 164,311 167,004
Furniture, fixtures and equipment, less accumulated depreciation of $412 and $369, respectively 207 220
Acquired intangible lease assets, less accumulated amortization of $27,249 and $24,413, respectively 36,442 39,278
Total investment in real estate assets, net 325,820 331,362
Investment in marketable securities 17,988 21,245
Total investment in real estate assets and marketable securities, net 343,808 352,607
Cash and cash equivalents 6,233 4,234
Receivables, net of allowance for doubtful accounts of $112 and $6, respectively 4,955 4,812
Deferred leasing costs, net of amortization of $935 and $732, respectively 2,821 2,132
Prepaid and other assets 1,725 2,300
Total assets 359,542 366,085
LIABILITIES AND STOCKHOLDERS' EQUITY    
Line of credit, net 77,424 81,291
Mortgage loans payable, net 125,630 125,698
Accounts payable and accrued expenses 3,351 2,878
Due to affiliates 14,999 7,843
Note to affiliate, net of unamortized discount of $901 and $1,217, respectively 4,482 7,733
Acquired below market lease intangibles, less accumulated amortization of $4,785 and $4,346, respectively 13,780 14,219
Distributions payable 431 441
Other liabilities 2,644 2,140
Total liabilities 242,741 242,243
Stockholders' Equity:    
Preferred stock, none issued 0 0
Additional paid-in capital 171,636 169,395
Deficit (54,986) (45,698)
Total stockholders' equity 116,801 123,842
Total liabilities and stockholders' equity 359,542 366,085
Class A Common Stock    
Stockholders' Equity:    
Common stock $ 36 $ 38
Common stock, shares issued (in shares) 3,627,534 3,821,127
Class D Common Stock    
Stockholders' Equity:    
Common stock $ 2 $ 2
Common stock, shares issued (in shares) 176,101  
Class I Common Stock    
Stockholders' Equity:    
Common stock $ 103 $ 96
Common stock, shares issued (in shares) 10,344,709 9,557,896
Class M-I Common Stock    
Stockholders' Equity:    
Common stock $ 0 $ 0
Common stock, shares issued (in shares) 0 0
Class N Common Stock    
Stockholders' Equity:    
Common stock $ 0 $ 0
Common stock, shares issued (in shares) 0 0
Class S Common Stock    
Stockholders' Equity:    
Common stock $ 0 $ 0
Common stock, shares issued (in shares) 0 0
Class T Common Stock    
Stockholders' Equity:    
Common stock $ 10 $ 9
Common stock, shares issued (in shares) 982,190 938,409
Class T2 Common Stock    
Stockholders' Equity:    
Common stock $ 0 $ 0
Common stock, shares issued (in shares) 0  
Class Z Common Stock    
Stockholders' Equity:    
Common stock $ 0 $ 0
Common stock, shares issued (in shares) 0 0