Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.22.2.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Investment properties:    
Land and improvements $ 428,314 $ 480,289
Building and other improvements 502,237 547,445
Gross investment properties 930,551 1,027,734
Less: accumulated depreciation (24,347) (14,615)
Net investment properties 906,204 1,013,119
Cash and cash equivalents 83,342 627,522
Accounts receivable 43,592 48,554
Lease intangible assets, net 233,881 254,600
Right-of-use lease assets 87,545 100,617
Assets associated with investment properties held for sale 23,610 19,215
Other assets, net 2,304 1,066
Total assets 1,380,478 2,064,693
Liabilities:    
Accounts payable and accrued expenses 2,009 1,626
Lease intangible liabilities, net 104,233 126,769
Lease liabilities 37,644 37,554
Liabilities associated with investment properties held for sale 147 2,124
Other liabilities 8,722 9,250
Total liabilities 152,755 177,323
Commitments and contingencies (Note 5)
Equity:    
Trust certificates, no par value, 75,000,000 certificates authorized, issued and outstanding, as of September 30, 2022 and December 31, 2021 0 0
Additional paid-in capital 1,952,120 1,952,120
Accumulated distributions in excess of earnings (724,397) (64,750)
Total equity 1,227,723 1,887,370
Total liabilities and equity $ 1,380,478 $ 2,064,693