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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Real Estate:    
Land, at Cost $ 151,703 $ 176,857
Building and Improvements, at Cost 332,202 322,510
Total Real Estate, at Cost 483,905 499,367
Less, Accumulated Depreciation (28,569) (22,313)
Real Estate-Net 455,336 477,054
Assets Held for Sale 5,488  
Cash and Cash Equivalents 7,755 9,018
Restricted Cash 20,100 4,026
Intangible Lease Assets-Net 53,402 60,432
Straight-Line Rent Adjustment 1,736 1,668
Other Assets 22,868 21,233
Total Assets 566,685 573,431
Liabilities:    
Accounts Payable, Accrued Expenses, and Other Liabilities 6,547 4,411
Prepaid Rent and Deferred Revenue 1,776 1,479
Intangible Lease Liabilities-Net 5,062 5,050
Long-Term Debt 249,020 267,116
Total Liabilities 262,405 278,056
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, 2023 and December 31, 2022
Common Stock, $0.01 par value per share, 500 million shares authorized, 14,045,001 shares issued and outstanding as of June 30, 2023 and 13,394,677 shares issued and outstanding as of December 31, 2022 140 134
Additional Paid-in Capital 248,958 236,841
Retained Earnings 5,731 10,042
Accumulated Other Comprehensive Income 16,214 14,601
Stockholders' Equity 271,043 261,618
Noncontrolling Interest 33,237 33,757
Total Equity 304,280 295,375
Total Liabilities and Equity $ 566,685 $ 573,431