Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheet

v3.21.1
Consolidated Balance Sheet - USD ($)
$ in Thousands
Mar. 31, 2021
Jan. 30, 2021
Investment properties:    
Land and improvements $ 716,504 $ 716,504
Building and other improvements 999,983 999,983
Gross investment properties 1,716,487 1,716,487
Less: accumulated depreciation (5,542) 0
Net investment properties 1,710,945 1,716,487
Cash and cash equivalents 32,994 25,563
Accounts receivable 10,774 0
Lease intangible assets, net 311,635 314,264
Right-of-use lease assets 110,255 110,691
Other assets, net 4,371 0
Total assets 2,180,974 2,167,005
Liabilities:    
Accounts payable and accrued expenses 1,094 8,651
Lease intangible liabilities, net 166,752 168,159
Lease liabilities 38,093 38,075
Other liabilities 7,999 0
Total liabilities 213,938 214,885
Commitments and contingencies (Note 5)
Equity:    
Trust certificates, no par value, 75,000,000 certificates authorized, 75,000,000 certificates issued and outstanding, as of Effective Date and March 31, 2021 0 0
Additional paid-in capital 1,952,120 1,952,120
Retained earnings (accumulated deficit) 14,916 0
Total equity 1,967,036 1,952,120
Total liabilities and equity $ 2,180,974 $ 2,167,005