10-K Filing

CREATIVE MEDIA & COMMUNITY TRUST CORP CIK: 908311 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0000908311-22-000036`
Period End Date	20211231
Filing Date	20220316
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	cmct-20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 54 Cash Flow Statement 127 Stockholders Equity 26

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Investments in real estate, net	`RealEstateInvestmentPropertyNet`	$506.04M	USD	Point-in-time
Investments in real estate, net	`RealEstateInvestmentPropertyNet`	$497.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.31M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$10.01M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$11.34M	USD	Point-in-time
Loans receivable, net	`NotesReceivableNet`	$83.14M	USD	Point-in-time
Loans receivable, net	`NotesReceivableNet`	$73.54M	USD	Point-in-time
Accounts receivable, net	`AccountsAndNotesReceivableNet`	$1.74M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsAndNotesReceivableNet`	$3.40M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized shares (in shares)	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
Deferred rent receivable and charges, net	`DeferredRentReceivableAndChargesNet`	$35.96M	USD	Point-in-time
Common stock, authorized shares (in shares)	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
Deferred rent receivable and charges, net	`DeferredRentReceivableAndChargesNet`	$36.09M	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$6.31M	USD	Point-in-time
Common stock, issued shares (in shares)	`CommonStockSharesIssued`	23.37M	shares	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$5.25M	USD	Point-in-time
Common stock, issued shares (in shares)	`CommonStockSharesIssued`	14.83M	shares	Point-in-time
Common stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	23.37M	shares	Point-in-time
Common stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	14.83M	shares	Point-in-time
Other assets	`OtherAssets`	$8.79M	USD	Point-in-time
Other assets	`OtherAssets`	$10.95M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$660.87M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$685.62M	USD	Point-in-time
Debt, net	`DebtAndCapitalLeaseObligations`	$201.15M	USD	Point-in-time
Debt, net	`DebtAndCapitalLeaseObligations`	$324.31M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$26.75M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$20.33M	USD	Point-in-time
Intangible liabilities, net	`BelowMarketLeaseNet`	$237.00K	USD	Point-in-time
Intangible liabilities, net	`BelowMarketLeaseNet`	$587.00K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrentAndNoncurrent`	$6.71M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrentAndNoncurrent`	$4.54M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$9.73M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$16.86M	USD	Point-in-time
Total liabilities	`Liabilities`	$361.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$249.53M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value; 900,000,000 shares authorized; 23,369,331 and 14,827,410 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$15.00K	USD	Point-in-time
Common stock, $0.001 par value; 900,000,000 shares authorized; 23,369,331 and 14,827,410 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$24.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$866.75M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$794.13M	USD	Point-in-time
Distributions in excess of earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$778.52M	USD	Point-in-time
Distributions in excess of earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$804.23M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$373.20M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$277.66M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$455.00K	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$345.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$373.55M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$278.11M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$278.19M	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY	`LiabilitiesAndStockholdersEquity`	$660.87M	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY	`LiabilitiesAndStockholdersEquity`	$685.62M	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Rental and other property income	`OperatingLeaseAndOtherPropertyRevenue`	$52.84M	USD	Annual
Rental and other property income	`OperatingLeaseAndOtherPropertyRevenue`	$54.82M	USD	Annual
Hotel income	`RevenueFromContractWithCustomerExcludingAssessedTax`	$11.88M	USD	Annual
Hotel income	`RevenueFromContractWithCustomerExcludingAssessedTax`	$16.72M	USD	Annual
Interest and other income	`InterestAndOtherOperatingIncome`	$10.50M	USD	Annual
Interest and other income	`InterestAndOtherOperatingIncome`	$21.37M	USD	Annual
Total Revenues	`Revenues`	$77.21M	USD	Annual
Total Revenues	`Revenues`	$90.93M	USD	Annual
Rental and other property operating	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$37.54M	USD	Annual
Rental and other property operating	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$39.27M	USD	Annual
Asset management and other fees to related parties	`RelatedPartyAssetManagementFeesAndOtherFees`	$9.79M	USD	Annual
Asset management and other fees to related parties	`RelatedPartyAssetManagementFeesAndOtherFees`	$9.03M	USD	Annual
Interest	`InterestExpense`	$11.41M	USD	Annual
Interest	`InterestExpense`	$9.41M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$6.77M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$6.84M	USD	Annual
Transaction costs	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	Annual
Transaction costs	`BusinessCombinationAcquisitionRelatedCosts`	$143.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$21.41M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$20.11M	USD	Annual
Loss on early extinguishment of debt (Note 6)	`GainsLossesOnExtinguishmentOfDebt`	$-281.00K	USD	Annual
Loss on early extinguishment of debt (Note 6)	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Impairment of real estate (Note 3)	`ImpairmentOfRealEstate`	-	USD	Annual
Impairment of real estate (Note 3)	`ImpairmentOfRealEstate`	-	USD	Annual
Total Expenses	`CostsAndExpenses`	$88.78M	USD	Annual
Total Expenses	`CostsAndExpenses`	$92.94M	USD	Annual
Gain on sale of real estate (Note 3)	`GainsLossesOnSalesOfInvestmentRealEstate`	-	USD	Annual
Gain on sale of real estate (Note 3)	`GainsLossesOnSalesOfInvestmentRealEstate`	-	USD	Annual
INCOME (LOSS) BEFORE PROVISION (BENEFIT) FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-15.74M	USD	Annual
INCOME (LOSS) BEFORE PROVISION (BENEFIT) FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.14M	USD	Annual
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$2.99M	USD	Annual
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-722.00K	USD	Annual
NET (LOSS) INCOME	`ProfitLoss`	$-851.00K	USD	Annual
NET (LOSS) INCOME	`ProfitLoss`	$-15.02M	USD	Annual
Net loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.00K	USD	Annual
Net loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.00K	USD	Annual
NET (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY	`NetIncomeLoss`	$-850.00K	USD	Annual
NET (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY	`NetIncomeLoss`	$-15.02M	USD	Annual
Redeemable preferred stock dividends declared or accumulated (Note 9)	`RedeemablePreferredStockDividendsDeclaredAndAccumulated`	$18.76M	USD	Annual
Redeemable preferred stock dividends declared or accumulated (Note 9)	`RedeemablePreferredStockDividendsDeclaredAndAccumulated`	$18.00M	USD	Annual
Redeemable preferred stock deemed dividends (Note 9)	`RedeemablePreferredStockDividends`	$253.00K	USD	Annual
Redeemable preferred stock deemed dividends (Note 9)	`RedeemablePreferredStockDividends`	$377.00K	USD	Annual
Redeemable preferred stock redemptions (Note 9)	`PreferredStockRedemptionPremium`	$113.00K	USD	Annual
Redeemable preferred stock redemptions (Note 9)	`PreferredStockRedemptionPremium`	$72.00K	USD	Annual
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-19.98M	USD	Annual
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-33.47M	USD	Annual
Basic (in usd per share)	`EarningsPerShareBasic`	$-2.27	USD	Annual
Basic (in usd per share)	`EarningsPerShareBasic`	$-1.04	USD	Annual
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-2.27	USD	Annual
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-1.04	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.75M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.19M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.19M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.75M	shares	Annual

Cash Flow Statement 127 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-851.00K	USD	Annual
Net (loss) income	`ProfitLoss`	$-15.02M	USD	Annual
Depreciation and amortization, net	`DepreciationDepletionAndAmortization`	$20.19M	USD	Annual
Depreciation and amortization, net	`DepreciationDepletionAndAmortization`	$21.09M	USD	Annual
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-281.00K	USD	Annual
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Amortization of deferred loan costs	`AmortizationOfFinancingCosts`	$1.19M	USD	Annual
Amortization of deferred loan costs	`AmortizationOfFinancingCosts`	$1.07M	USD	Annual
Amortization of premiums and discounts on debt	`AmortizationOfDebtDiscountPremium`	$-61.00K	USD	Annual
Amortization of premiums and discounts on debt	`AmortizationOfDebtDiscountPremium`	$-84.00K	USD	Annual
Unrealized premium adjustment	`UnrealizedPremiumAdjustment`	$1.28M	USD	Annual
Unrealized premium adjustment	`UnrealizedPremiumAdjustment`	$2.93M	USD	Annual
Amortization of deferred costs and accretion of fees on loans receivable, net	`AmortizationAndAccretionOnLoansReceivableNet`	$622.00K	USD	Annual
Amortization of deferred costs and accretion of fees on loans receivable, net	`AmortizationAndAccretionOnLoansReceivableNet`	$410.00K	USD	Annual
(Recoveries) write-offs of uncollectible receivables	`ProvisionForDoubtfulAccounts`	$2.62M	USD	Annual
(Recoveries) write-offs of uncollectible receivables	`ProvisionForDoubtfulAccounts`	$-82.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-995.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$72.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$222.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$220.00K	USD	Annual
Loans funded, held for sale to secondary market	`PaymentsForOriginationAndPurchasesOfLoansHeldForSale`	$28.13M	USD	Annual
Loans funded, held for sale to secondary market	`PaymentsForOriginationAndPurchasesOfLoansHeldForSale`	$96.99M	USD	Annual
Proceeds from sale of guaranteed loans	`ProceedsFromSaleOfLoansHeldForSale`	$25.72M	USD	Annual
Proceeds from sale of guaranteed loans	`ProceedsFromSaleOfLoansHeldForSale`	$109.00M	USD	Annual
Principal collected on loans subject to secured borrowings	`ProceedsFromCollectionOfLoansHeldForSale`	$3.69M	USD	Annual
Principal collected on loans subject to secured borrowings	`ProceedsFromCollectionOfLoansHeldForSale`	$1.79M	USD	Annual
Commitment fees remitted and other operating activity	`OtherOperatingActivitiesCashFlowStatement`	$-2.56M	USD	Annual
Commitment fees remitted and other operating activity	`OtherOperatingActivitiesCashFlowStatement`	$-935.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInReceivables`	$1.52M	USD	Annual
Accounts receivable	`IncreaseDecreaseInReceivables`	$419.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.23M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.34M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.57M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.08M	USD	Annual
Deferred leasing costs	`IncreaseDecreaseInDeferredCharges`	$1.84M	USD	Annual
Deferred leasing costs	`IncreaseDecreaseInDeferredCharges`	$1.67M	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$7.13M	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-274.00K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$7.01M	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$4.67M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.83M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$46.28M	USD	Annual
Additions to investments in real estate	`PaymentsToDevelopRealEstateAssets`	$14.73M	USD	Annual
Additions to investments in real estate	`PaymentsToDevelopRealEstateAssets`	$4.05M	USD	Annual
Acquisition of real estate	`PaymentsToAcquireRealEstateAndMortgageNoteReceivable`	$2.93M	USD	Annual
Acquisition of real estate	`PaymentsToAcquireRealEstateAndMortgageNoteReceivable`	$6.13M	USD	Annual
Loans funded	`PaymentsToAcquireLoansHeldForInvestment`	$36.30M	USD	Annual
Loans funded	`PaymentsToAcquireLoansHeldForInvestment`	$25.39M	USD	Annual
Principal collected on loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$30.58M	USD	Annual
Principal collected on loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$7.88M	USD	Annual
Other investing activity	`PaymentsForProceedsFromOtherInvestingActivities`	$-51.00K	USD	Annual
Other investing activity	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.32M	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.70M	USD	Annual
Payment of unsecured revolving lines of credit, revolving credit facilities, mortgages payable, term notes and principal on SBA 7(a) loan-backed notes	`RepaymentsOfOtherLongTermDebt`	$157.91M	USD	Annual
Payment of unsecured revolving lines of credit, revolving credit facilities, mortgages payable, term notes and principal on SBA 7(a) loan-backed notes	`RepaymentsOfOtherLongTermDebt`	$57.58M	USD	Annual
Proceeds from unsecured revolving lines of credit, revolving credit facilities and term notes	`ProceedsFromIssuanceOfOtherLongTermDebt`	$77.52M	USD	Annual
Proceeds from unsecured revolving lines of credit, revolving credit facilities and term notes	`ProceedsFromIssuanceOfOtherLongTermDebt`	$35.40M	USD	Annual
Payment of principal on secured borrowings	`RepaymentsOfSecuredDebt`	$1.79M	USD	Annual
Payment of principal on secured borrowings	`RepaymentsOfSecuredDebt`	$3.69M	USD	Annual
Payment of deferred preferred stock offering costs	`PaymentsOfDeferredStockIssuanceCosts`	$1.15M	USD	Annual
Payment of deferred preferred stock offering costs	`PaymentsOfDeferredStockIssuanceCosts`	$943.00K	USD	Annual
Payment of deferred costs	`PaymentofOtherDeferredCosts`	$983.00K	USD	Annual
Payment of deferred costs	`PaymentofOtherDeferredCosts`	$1.00K	USD	Annual
Payment of common dividends	`PaymentsOfDividendsCommonStock`	$4.43M	USD	Annual
Payment of common dividends	`PaymentsOfDividendsCommonStock`	$3.98M	USD	Annual
Proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$78.83M	USD	Annual
Payment of Common Stock offering costs	`PaymentsOfStockIssuanceCosts`	$1.90M	USD	Annual
Payment of Common Stock offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	Annual
Net proceeds from issuance of Series A Preferred Warrants	`ProceedsFromIssuanceOfWarrants`	$28.00K	USD	Annual
Net proceeds from issuance of Series A Preferred Warrants	`ProceedsFromIssuanceOfWarrants`	-	USD	Annual
Net proceeds from issuance of Preferred Stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$29.83M	USD	Annual
Net proceeds from issuance of Preferred Stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$41.96M	USD	Annual
Payment of preferred stock dividends	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$16.54M	USD	Annual
Payment of preferred stock dividends	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$18.05M	USD	Annual
Redemption of Preferred Stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	$2.75M	USD	Annual
Redemption of Preferred Stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	$2.08M	USD	Annual
Noncontrolling interests distributions	`PaymentsOfDividendsMinorityInterest`	$118.00K	USD	Annual
Noncontrolling interests distributions	`PaymentsOfDividendsMinorityInterest`	$51.00K	USD	Annual
Noncontrolling interests contributions	`ProceedsFromMinorityShareholders`	$9.00K	USD	Annual
Noncontrolling interests contributions	`ProceedsFromMinorityShareholders`	-	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-43.58M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$33.20M	USD	Annual
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-10.00M	USD	Annual
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$7.70M	USD	Annual
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.95M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.65M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$43.65M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.95M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.65M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$43.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.31M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$10.01M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$11.34M	USD	Point-in-time
Total cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.95M	USD	Point-in-time
Total cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.65M	USD	Point-in-time
Total cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$43.65M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	$8.46M	USD	Annual
Cash paid during the period for interest	`InterestPaidNet`	$10.31M	USD	Annual
Federal income taxes paid	`IncomeTaxesPaid`	$273.00K	USD	Annual
Federal income taxes paid	`IncomeTaxesPaid`	$2.90M	USD	Annual
Accrued capital expenditures, tenant improvements and real estate developments	`CapitalExpendituresIncurredButNotYetPaid`	$2.13M	USD	Annual
Accrued capital expenditures, tenant improvements and real estate developments	`CapitalExpendituresIncurredButNotYetPaid`	$267.00K	USD	Annual
Accrued deferred costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	Annual
Accrued deferred costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$125.00K	USD	Annual
Accrued preferred stock offering costs	`StockOfferingCostsNotYetPaid`	$161.00K	USD	Annual
Accrued preferred stock offering costs	`StockOfferingCostsNotYetPaid`	$675.00K	USD	Annual
Accrual of dividends payable to preferred stockholders	`AccrualOfDividendsPayableToPreferredStockholders`	$11.34M	USD	Annual
Accrual of dividends payable to preferred stockholders	`AccrualOfDividendsPayableToPreferredStockholders`	$12.05M	USD	Annual
Accrual of dividends payable to common stockholders	`DividendsPayableCurrentAndNoncurrent`	$1.75M	USD	Point-in-time
Accrual of dividends payable to common stockholders	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Preferred stock offering costs offset against redeemable preferred stock	`OfferingCostsOffsetAgainstRedeemablePreferredStockTemporaryEquity`	$583.00K	USD	Annual
Preferred stock offering costs offset against redeemable preferred stock	`OfferingCostsOffsetAgainstRedeemablePreferredStockTemporaryEquity`	$400.00K	USD	Annual
Reclassification of Series A Preferred Stock from temporary equity to permanent equity	`ReclassificationsOfTemporaryToPermanentEquity`	$35.48M	USD	Annual
Reclassification of Series A Preferred Stock from temporary equity to permanent equity	`ReclassificationsOfTemporaryToPermanentEquity`	$45.81M	USD	Annual
Reclassification of loans receivable, net to real estate owned	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	Annual
Reclassification of loans receivable, net to real estate owned	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$174.00K	USD	Annual
Reclassification of Series A Preferred Stock from permanent equity to accounts payable and accrued expenses	`ReclassificationsOfPermanentEquityToLiabilities`	$25.00K	USD	Annual
Reclassification of Series A Preferred Stock from permanent equity to accounts payable and accrued expenses	`ReclassificationsOfPermanentEquityToLiabilities`	$48.00K	USD	Annual
Redeemable preferred stock deemed dividends	`RedeemablePreferredStockDividends`	$253.00K	USD	Annual
Redeemable preferred stock deemed dividends	`RedeemablePreferredStockDividends`	$377.00K	USD	Annual
Accrued Redeemable Preferred Stock fees	`RedeemablePreferredStockFeesIncurredButNotYetPaid`	$638.00K	USD	Annual
Accrued Redeemable Preferred Stock fees	`RedeemablePreferredStockFeesIncurredButNotYetPaid`	$493.00K	USD	Annual
Equity-based payment for management fees	`StockIssued1`	$7.40M	USD	Annual
Equity-based payment for management fees	`StockIssued1`	$9.17M	USD	Annual

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Dividends paid per common share (in usd per share)	`CommonStockDividendsPerShareCashPaid`	$0.30	USD	Annual
Dividends paid per common share (in usd per share)	`CommonStockDividendsPerShareCashPaid`	$0.30	USD	Annual
Preferred dividends, per share amount (in usd per share)	`PreferredStockDividendsPerShareCashPaid`	$1.56	USD	Annual
Preferred dividends, per share amount (in usd per share)	`PreferredStockDividendsPerShareCashPaid`	$1.56	USD	Annual
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$373.55M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$278.11M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$278.19M	USD	Point-in-time
Contributions to noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$9.00K	USD	Annual
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$118.00K	USD	Annual
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$51.00K	USD	Annual
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$222.00K	USD	Annual
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$220.00K	USD	Annual
Issuance of shares of stock	`StockIssuedDuringPeriodValueNewIssues`	$2.36M	USD	Annual
Issuance of shares of stock	`StockIssuedDuringPeriodValueNewIssues`	$76.92M	USD	Annual
Common dividends	`DividendsCommonStock`	$5.73M	USD	Annual
Common dividends	`DividendsCommonStock`	$4.43M	USD	Annual
Issuance of Series A Preferred Warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$28.00K	USD	Annual
Reclassification of Series A Preferred Stock to permanent equity	`ReclassificationsOfTemporaryToPermanentEquity`	$35.48M	USD	Annual
Reclassification of Series A Preferred Stock to permanent equity	`ReclassificationsOfTemporaryToPermanentEquity`	$45.81M	USD	Annual
Redeemable preferred stock deemed dividends	`IncreaseInCarryingAmountOfRedeemablePreferredStock`	$253.00K	USD	Annual
Redeemable preferred stock deemed dividends	`IncreaseInCarryingAmountOfRedeemablePreferredStock`	$377.00K	USD	Annual
Net (loss) income	`ProfitLoss`	$-851.00K	USD	Annual
Net (loss) income	`ProfitLoss`	$-15.02M	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$373.55M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$278.11M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$278.19M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.