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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Real Estate:      
Land, at Cost $ 180,569 $ 178,172  
Building and Improvements, at Cost 304,129 266,236  
Total Real Estate, at Cost 484,698 444,408  
Less, Accumulated Depreciation (17,527) (15,419)  
Real Estate-Net 467,171 428,989  
Assets Held for Sale 2,435    
Cash and Cash Equivalents 2,427 8,851 $ 6,294
Restricted Cash 15,131 646 2,190
Intangible Lease Assets-Net 61,371 58,821  
Straight-Line Rent Adjustment 1,912 1,838  
Other Assets 16,909 6,369  
Total Assets 567,356 505,514  
Liabilities:      
Accounts Payable, Accrued Expenses, and Other Liabilities 4,788 2,363  
Prepaid Rent and Deferred Revenue 1,662 2,033  
Intangible Lease Liabilities-Net 5,177 5,476  
Long-Term Debt 300,973 267,740  
Total Liabilities 312,600 277,612  
Commitments and Contingencies-See Note 16  
Equity:      
Preferred Stock, $0.01 par value per share, 100 million shares authorized, no shares issued and outstanding as of June 30, 2022 and December 31, 2021  
Common Stock, $0.01 par value per share, 500 million shares authorized, 11,863,589 shares issued and outstanding as of June 30, 2022 and 11,454,815 shares issued and outstanding as of December 31, 2021 119 114  
Additional Paid-in Capital 208,706 200,906  
Retained Earnings (Dividends in Excess of Net Income) 2,301 (6,419)  
Accumulated Other Comprehensive Income 10,999 1,922  
Stockholders' Equity 222,125 196,523  
Noncontrolling Interest 32,631 31,379  
Total Equity 254,756 227,902 $ 218,440
Total Liabilities and Equity $ 567,356 $ 505,514