|
Rent and other receivables
|
|
$602k
|
$1.7m
|
$3.5m
|
$4.2m
|
$4.6m
|
$4.8m
|
$6.7m
|
$5.2m
|
|
Prepaid expenses and other assets, net
|
|
$146k
|
$2.8m
|
$4.4m
|
$7.5m
|
$16.0m
|
$13.4m
|
$14.5m
|
$11.8m
|
|
Deferred rent receivable
|
|
$14k
|
$33k
|
$216k
|
$666k
|
$1.2m
|
$1.5m
|
$2.6m
|
$5.4m
|
|
Goodwill
|
|
—
|
—
|
—
|
$0
|
$1.5m
|
$1.5m
|
$1.5m
|
$1.5m
|
|
Lease intangible assets, net
|
|
$2.7m
|
$7.3m
|
$13.0m
|
$14.4m
|
$15.7m
|
$14.2m
|
$12.6m
|
$16.4m
|
|
Land
|
|
$7.2m
|
$25.1m
|
$46.3m
|
$64.5m
|
$90.0m
|
$106.1m
|
$128.5m
|
$163.5m
|
|
Building and improvements
|
|
$29.6m
|
$92.9m
|
$196.3m
|
$278.4m
|
$378.6m
|
$443.5m
|
$512.2m
|
$603.4m
|
|
Tenant improvements
|
|
$1.6m
|
$2.6m
|
$4.4m
|
$5.4m
|
$6.4m
|
$7.0m
|
$7.5m
|
$8.6m
|
|
Less: Accumulated depreciation
|
|
($7.1m)
|
($8.8m)
|
($13.2m)
|
($20.9m)
|
($31.3m)
|
($43.8m)
|
($58.2m)
|
($74.8m)
|
|
Investment in financing leases, net
|
|
—
|
—
|
$515k
|
$16.2m
|
$16.1m
|
$16.0m
|
$16.0m
|
$15.9m
|
|
Cash
|
|
$263k
|
$12.5m
|
$2.2m
|
$5.9m
|
$1.5m
|
$2.2m
|
$1.8m
|
$1.5m
|
|
Escrow and reserves
|
|
$599k
|
$708k
|
$1.1m
|
$1.2m
|
$547k
|
$632k
|
$744k
|
$643k
|
|
Term loans, net
|
|
—
|
—
|
$0
|
$49.4m
|
$163.8m
|
$198.8m
|
$248.8m
|
$288.3m
|
|
Revolving credit facility
|
|
—
|
$54.0m
|
$78.0m
|
$13.0m
|
$0
|
$9.0m
|
$14.0m
|
$39.0m
|
|
Secured borrowings, net
|
|
$34.8m
|
$3.2m
|
$46.6m
|
$33.0m
|
$32.9m
|
$32.8m
|
$33.9m
|
$33.8m
|
|
Below market leases, net
|
|
$3.8m
|
$6.6m
|
$8.7m
|
$8.7m
|
$11.8m
|
$13.1m
|
$16.2m
|
$19.8m
|
|
Operating partnership unitholders’ non-controlling interests
|
|
$45k
|
$20.9m
|
$27.6m
|
$45.4m
|
$54.5m
|
$58.1m
|
$66.2m
|
$74.4m
|
|
Total real estate properties, at cost
|
|
$38.4m
|
$120.6m
|
$247.1m
|
$348.4m
|
$475.0m
|
$556.5m
|
$648.2m
|
$775.5m
|
|
Total real estate properties, net
|
|
$31.3m
|
$111.8m
|
$233.9m
|
$327.5m
|
$443.7m
|
$512.7m
|
$590.0m
|
$700.8m
|
|
Total real estate investments, net
|
|
—
|
$111.8m
|
$234.4m
|
$343.7m
|
$459.9m
|
$528.8m
|
$606.0m
|
$716.6m
|
|
Total Stockholders’ Equity
|
|
($5.7m)
|
$48.9m
|
$92.0m
|
$220.0m
|
$229.2m
|
$243.6m
|
$251.3m
|
$285.2m
|
|
Total Equity
|
|
($5.6m)
|
$69.8m
|
$119.6m
|
$265.5m
|
$283.7m
|
$301.6m
|
$317.5m
|
$359.6m
|
|
Total Assets
|
|
$35.7m
|
$136.8m
|
$258.9m
|
$377.7m
|
$501.3m
|
$567.3m
|
$646.8m
|
$759.1m
|
|
Accounts payable, accrued expenses and other, net
|
|
$1.9m
|
$3.2m
|
$5.9m
|
$8.2m
|
$9.1m
|
$12.0m
|
$16.4m
|
$18.6m
|
|
Total Liabilities
|
|
$41.3m
|
$67.0m
|
$139.2m
|
$112.2m
|
$217.6m
|
$265.7m
|
$329.3m
|
$399.5m
|
|
Common stock, value issued
|
|
—
|
$53k
|
$94k
|
$186k
|
$195k
|
$219k
|
$235k
|
$268k
|
|
Additional paid-in capital
|
|
$3.4m
|
$51.4m
|
$100.8m
|
$238.0m
|
$254.1m
|
$287.3m
|
$310.0m
|
$358.0m
|
|
Accumulated other comprehensive income
|
|
—
|
—
|
$0
|
$766k
|
$7.5m
|
$4.6m
|
$5.2m
|
$954k
|
|
Accumulated deficit
|
|
($11.0m)
|
($2.6m)
|
($8.9m)
|
($18.9m)
|
($32.6m)
|
($48.5m)
|
($64.2m)
|
($74.0m)
|
|
Total Liabilities and Equity
|
|
$35.7m
|
$136.8m
|
$258.9m
|
$377.7m
|
$501.3m
|
$567.3m
|
$646.8m
|
$759.1m
|