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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Real estate investments, net $ 636,424 $ 609,058
Cash and cash equivalents 96,319 48,373
Restricted cash and equivalents 35,125 45,283
Straight-line rent receivable, net 30,724 27,702
Right of use lease asset 1,029 1,204
Goodwill, other intangible assets and lease rights 73,610 27,947
Deferred financing expenses 5,760 6,162
Note receivable, net 16,508 16,585
Other assets 1,755 5,275
Total Assets 897,254 787,589
Liabilities    
Accounts payable and accrued liabilities 21,719 18,718
Bonds, net 318,135 209,944
Senior debt 423,998 460,591
Note Payable 46,854
Operating lease liability 1,029 1,204
Other liabilities 18,899 13,561
Total Liabilities 830,634 704,018
Commitments and Contingencies (Note 8)
Equity    
Preferred stock, $.0001 par value, 100,000,000 shares authorized, 0 shares issued and outstanding
Common stock, $.0001 par value, 500,000,000 shares authorized, 12,992,595 shares and 12,062,309 issued and outstanding 1 1
Additional paid in capital 17,554 16,535
Accumulated other comprehensive (loss) income (3,439) 340
Retained earnings 1,376 1,292
Total Stockholders’ Equity 15,492 18,168
Non-controlling interest 51,128 65,403
Total Equity 66,620 83,571
Total Liabilities and Equity $ 897,254 $ 787,589