CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands |
Sep. 30, 2021 |
Dec. 31, 2020 |
| Real Estate: |
|
|
| Land, at cost |
$ 133,329
|
$ 83,210
|
| Building and Improvements, at cost |
231,328
|
142,679
|
| Total Real Estate, at cost |
364,657
|
225,889
|
| Less, Accumulated Depreciation |
(13,249)
|
(6,550)
|
| Real Estate-Net |
351,408
|
219,339
|
| Cash and Cash Equivalents |
6,706
|
1,894
|
| Restricted Cash |
600
|
|
| Intangible Lease Assets-Net |
52,685
|
36,881
|
| Straight-Line Rent Adjustment |
2,013
|
2,045
|
| Other Assets |
2,909
|
2,081
|
| Total Assets |
416,321
|
262,240
|
| Liabilities: |
|
|
| Accounts Payable, Accrued Expenses, and Other Liabilities |
2,393
|
1,984
|
| Prepaid Rent and Deferred Revenue |
1,334
|
1,055
|
| Intangible Lease Liabilities-Net |
4,998
|
3,299
|
| Long-Term Debt |
190,195
|
106,809
|
| Total Liabilities |
198,920
|
113,147
|
| Commitments and Contingencies-See Note 15 |
|
|
| Equity: |
|
|
| Preferred Stock, $0.01 par value per share, 100 million shares authorized, no shares issued and outstanding as of September 30, 2021 and December 31, 2020 |
|
|
| Common Stock, $0.01 par value per share, 500 million shares authorized, 11,299,548 shares issued and outstanding as of September 30, 2021 and 7,458,755 shares issued and outstanding as of December 31, 2020 |
113
|
75
|
| Additional Paid-in Capital |
198,019
|
132,878
|
| Dividends in Excess of Net Income |
(11,652)
|
(5,713)
|
| Accumulated Other Comprehensive Income (Loss) |
328
|
(481)
|
| Stockholders' Equity |
186,808
|
126,759
|
| Noncontrolling Interest |
30,593
|
22,334
|
| Total Equity |
217,401
|
149,093
|
| Total Liabilities and Equity |
$ 416,321
|
$ 262,240
|