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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Real estate investments, net $ 518,314 $ 438,911
Cash and cash equivalents 12,173 20,197
Restricted cash and equivalents 25,585 25,507
Straight-line rent receivable, net 23,334 23,534
Right of use lease asset 1,542 1,833
Goodwill, other intangible assets and lease rights 8,604 11,632
Deferred financing expenses 6,035 5,791
Notes receivable, net 17,706 19,419
Other assets 3,502 176
Total Assets 616,795 547,000
Liabilities    
Accounts payable and accrued liabilities 16,907 13,723
Bonds, net 100,294 74,412
Notes payable and other debt 436,192 381,003
Operating lease liability 1,542 1,833
Other liabilities 14,587 10,892
Non-controlling interest redemption liability 15,753
Total Liabilities 569,522 497,616
Equity    
Common stock, $.0001 par value, 500,000,000 shares authorized, 6,487,856 and 6,365,856 shares issued and outstanding in 2023 and 2022
Preferred stock, $.0001 par value, 100,000,000 shares authorized, no shares issued and outstanding
Additional paid in capital 5,746 5,792
Accumulated other comprehensive income 529 386
Retained earnings 1,232 1,608
Total Stockholders’ Equity 7,507 7,786
Non-controlling interest 39,766 41,598
Total Equity 47,273 49,384
Total Liabilities and Equity $ 616,795 $ 547,000