Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Real estate investments, at cost:    
Land $ 227,203 $ 238,225
Buildings, fixtures and improvements 1,106,383 1,128,400
Total real estate investments, at cost 1,333,586 1,366,625
Less: accumulated depreciation 156,904 133,379
Total real estate investments, net 1,176,682 1,233,246
Accounts receivable, net 26,911 21,641
Intangible lease assets, net 144,304 202,832
Cash and cash equivalents 32,286 20,638
Real estate assets held for sale, net 3,818 2,502
Other assets, net 120,390 90,214
Total assets 1,504,391 1,571,073
LIABILITIES AND EQUITY    
Mortgages payable, net 352,683 352,167
Accounts payable and accrued expenses 30,570 26,161
Below-market lease liabilities, net 9,481 14,068
Distributions payable 5,578 5,664
Other liabilities, net 21,811 23,340
Total liabilities 595,123 595,215
Common stock, $0.001 par value, 100,000,000 shares authorized 55,780,054 and 56,639,040 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 56 57
Additional paid-in capital 1,143,825 1,147,014
Accumulated other comprehensive income 986 6,308
Accumulated deficit (237,026) (178,910)
Total stockholders’ equity 907,841 974,469
Non-controlling interest 1,427 1,389
Total equity 909,268 975,858
Total liabilities and equity 1,504,391 1,571,073
Credit facility term loan, net    
LIABILITIES AND EQUITY    
Credit facilities 0 173,815
Credit facility revolver    
LIABILITIES AND EQUITY    
Credit facilities $ 175,000 $ 0