| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net (loss) income | ||||||
-1,492 | - | |||||
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||
Depreciation | ||||||
1,716 | - | |||||
Amortization of in-place intangibles | ||||||
2,083 | - | |||||
Write-off and amortization of deferred financing costs | ||||||
242 | - | |||||
Amortization of above/below market leases | ||||||
-535 | - | |||||
Deferred rent receivable | ||||||
19 | - | |||||
Loss on early extinguishment of Predecessor debt | ||||||
-185 | - | |||||
Deferred rent expense payable | ||||||
-38 | - | |||||
Deferred tax liability | ||||||
65 | - | |||||
Equity-based compensation | ||||||
996 | - | |||||
Changes in assets and liabilities: | ||||||
Rent and other receivables | ||||||
1,374 | - | |||||
Prepaid expenses and other assets | ||||||
419 | - | |||||
Due to affiliates | ||||||
-503 | - | |||||
Accounts payable, accrued expenses and other | ||||||
2,083 | - | |||||
Net cash provided by operating activities | ||||||
2,858 | - | |||||
Cash flows from investing activities: | ||||||
Acquisition of real estate | ||||||
72,166 | - | |||||
Acquisition and other deposits | ||||||
335 | - | |||||
Capital improvements | ||||||
151 | - | |||||
Net cash used in investing activities | ||||||
-72,654 | - | |||||
Cash flows from financing activities: | ||||||
Gross proceeds from the issuance of common stock | ||||||
76,500 | - | |||||
Costs of issuance of common stock | ||||||
11,789 | - | |||||
Formation transactions | ||||||
2,007 | - | |||||
Proceeds from mortgage payable | ||||||
445 | - | |||||
Repayments of mortgage payable | ||||||
32,218 | - | |||||
Proceeds from revolving credit facility | ||||||
54,000 | - | |||||
Debt issuance costs | ||||||
1,424 | - | |||||
Capital contributions | ||||||
2,068 | - | |||||
Distributions and dividends | ||||||
3,456 | - | |||||
Net cash provided by (used in) financing activities | ||||||
82,117 | - | |||||
Net increase in Cash and Escrows and Reserves | ||||||
12,321 | - | |||||
Predecessor [Member] | ||||||
Net (loss) income | ||||||
- | 1,148 | |||||
Depreciation | ||||||
- | 1,003 | |||||
Amortization of in-place intangibles | ||||||
- | 828 | |||||
Write-off and amortization of deferred financing costs | ||||||
- | 12 | |||||
Amortization of above/below market leases | ||||||
- | -290 | |||||
Deferred rent receivable | ||||||
- | -1 | |||||
Deferred rent expense payable | ||||||
- | 45 | |||||
Deferred tax liability | ||||||
- | 271 | |||||
Rent and other receivables | ||||||
- | 2 | |||||
Prepaid expenses and other assets | ||||||
- | 5 | |||||
Accounts payable, accrued expenses and other | ||||||
- | 259 | |||||
Net cash provided by operating activities | ||||||
- | 2,728 | |||||
Acquisition of real estate | ||||||
- | 2,785 | |||||
Capital improvements | ||||||
- | 104 | |||||
Net cash used in investing activities | ||||||
- | -2,889 | |||||
Proceeds from mortgage payable | ||||||
- | 1,707 | |||||
Repayments of mortgage payable | ||||||
- | 1,078 | |||||
Debt issuance costs | ||||||
- | 5 | |||||
Capital contributions | ||||||
- | 4,989 | |||||
Distributions and dividends | ||||||
- | 5,284 | |||||
Net cash provided by (used in) financing activities | ||||||
- | 328 | |||||
Net increase in Cash and Escrows and Reserves | ||||||
- | 167 | |||||