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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Real estate, at cost:    
Land $ 189,373 $ 83,996
Buildings and improvements 358,360 140,057
Total real estate, at cost 547,733 224,053
Less accumulated depreciation (10,111) (132)
Real estate held for investment, net 537,622 223,921
Assets held for sale 14,802 8,532
Cash, cash equivalents and restricted cash 92,643 169,319
Acquired lease intangible assets, net 75,024 28,846
Other assets, net 5,724 3,304
Total assets 725,815 433,922
Liabilities:    
Term loan, net 174,105 173,913
Lease intangible liabilities, net 16,930 4,672
Liabilities related to assets held for sale 399 189
Accounts payable, accrued expenses and other liabilities 6,308 2,716
Total liabilities 197,742 181,490
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value, 400,000,000 shares authorized; 28,203,545 and 8,860,760 shares issued and outstanding as of December 31, 2020 and 2019, respectively 282 89
Additional paid-in capital 501,045 164,416
Retained (loss) earnings (7,464) 28
Accumulated other comprehensive income 235 0
Total stockholders’ equity 494,098 164,533
Noncontrolling interests 33,975 87,899
Total equity 528,073 252,432
Total liabilities and equity $ 725,815 $ 433,922