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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Real estate investments, net $ 629,376 $ 609,058
Cash and cash equivalents 42,314 48,373
Restricted cash and equivalents 28,772 45,283
Straight-line rent receivable, net 29,159 27,702
Right of use lease assets 1,117 1,204
Goodwill, other intangible assets and lease rights 76,239 27,947
Deferred financing expenses 5,962 6,162
Notes receivable, net 16,348 16,585
Other assets 5,560 5,275
Total Assets 834,847 787,589
Liabilities    
Accounts payable and accrued liabilities 14,736 18,718
Bonds, net 206,188 209,944
Notes payable and other debt 506,214 460,591
Operating lease liabilities 1,117 1,204
Other liabilities 19,400 13,561
Total Liabilities 747,655 704,018
Commitments and Contingencies (Note 8)
Equity    
Preferred stock, $.0001 par value, 100,000,000 shares authorized, no shares issued and outstanding
Common stock, $.0001 par value, 500,000,000 shares authorized, 12,509,731 and 12,062,309 shares issued and outstanding 1 1
Additional paid in capital 17,192 16,535
Accumulated other comprehensive income 1,263 340
Retained earnings 1,162 1,292
Total Stockholders’ Equity 19,618 18,168
Non-controlling interest 67,574 65,403
Total Equity 87,192 83,571
Total Liabilities and Equity $ 834,847 $ 787,589