2023 Q1 Form 10-K Financial Statement

#000149315223009013 Filed on March 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $24.25M $23.57M $92.54M
YoY Change 5.61% 2.57% 6.33%
Cost Of Revenue $3.718M $3.637M $13.13M
YoY Change 26.29% 33.17% 23.61%
Gross Profit $20.53M $19.93M $79.41M
YoY Change 2.57% -1.56% 3.93%
Gross Profit Margin 84.67% 84.57% 85.81%
Selling, General & Admin $1.462M $663.0K $376.0K
YoY Change -48.52% -90.04% -96.71%
% of Gross Profit 7.12% 3.33% 0.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.231M $6.901M $25.53M
YoY Change -14.44% -6.26% -7.12%
% of Gross Profit 30.35% 34.62% 32.15%
Operating Expenses $14.76M $7.698M $42.60M
YoY Change 43.9% -45.6% 7.44%
Operating Profit $9.492M $12.24M $49.95M
YoY Change -2.76% 100.66% 35.87%
Interest Expense $5.353M -$5.191M $22.72M
YoY Change -137.21% -65.81% -181.42%
% of Operating Profit 56.39% -42.42% 45.48%
Other Income/Expense, Net -$19.00K $102.0K -$10.81M
YoY Change -97.25% 2329.66%
Pretax Income $4.139M $7.147M $16.42M
YoY Change -177.86% -178.66% 95.02%
Income Tax
% Of Pretax Income
Net Earnings $495.0K $832.0K $1.852M
YoY Change -109.31% -111.72% -65.29%
Net Earnings / Revenue 2.04% 3.53% 2.0%
Basic Earnings Per Share $0.08 $0.31
Diluted Earnings Per Share $0.08 $0.14 $0.31
COMMON SHARES
Basic Shares Outstanding 6.366M shares 6.044M shares 6.009M shares
Diluted Shares Outstanding 6.366M shares 6.009M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $32.40M $20.20M $20.20M
YoY Change 88.15% -22.93% -22.93%
Cash & Equivalents $32.40M $20.20M $20.20M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $24.03M $23.53M $23.53M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $56.42M $43.73M $43.73M
YoY Change 37.7% -11.6% -11.6%
LONG-TERM ASSETS
Property, Plant & Equipment $438.0M $440.7M $440.7M
YoY Change -4.41% -5.17% -5.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $26.19M $31.30M $31.30M
YoY Change -0.6% 1.79% 1.79%
Total Long-Term Assets $493.1M $503.3M $503.3M
YoY Change -3.84% -3.31% -3.31%
TOTAL ASSETS
Total Short-Term Assets $56.42M $43.73M $43.73M
Total Long-Term Assets $493.1M $503.3M $503.3M
Total Assets $549.6M $547.0M $547.0M
YoY Change -0.77% -4.03% -4.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.88M $13.72M $13.72M
YoY Change 15.89% -33.56% -33.56%
Accrued Expenses $1.755M $1.833M $1.833M
YoY Change -11.85% -11.19% -11.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.64M $15.56M $15.56M
YoY Change 11.04% -31.53% -31.53%
LONG-TERM LIABILITIES
Long-Term Debt $461.2M $455.4M $455.4M
YoY Change -5.25% -9.24% -9.24%
Other Long-Term Liabilities $9.979M $10.89M $10.89M
YoY Change -8.06% 4.77% 4.77%
Total Long-Term Liabilities $471.2M $466.3M $466.3M
YoY Change -5.31% -8.96% -8.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.64M $15.56M $15.56M
Total Long-Term Liabilities $471.2M $466.3M $466.3M
Total Liabilities $499.4M $497.6M $539.2M
YoY Change -9.27% -6.97% -5.02%
SHAREHOLDERS EQUITY
Retained Earnings $1.403M $1.608M
YoY Change 309.16%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.858M $7.786M $7.786M
YoY Change
Total Liabilities & Shareholders Equity $549.6M $547.0M $547.0M
YoY Change -0.77% -4.03% -4.03%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $495.0K $832.0K $1.852M
YoY Change -109.31% -111.72% -65.29%
Depreciation, Depletion And Amortization $6.231M $6.901M $25.53M
YoY Change -14.44% -6.26% -7.12%
Cash From Operating Activities $9.976M $13.51M $50.93M
YoY Change -465.29% -0.27% 13.71%
INVESTING ACTIVITIES
Capital Expenditures $6.000M $513.0K $513.0K
YoY Change -757.69% -100.8%
Acquisitions
YoY Change
Other Investing Activities $1.477M -$1.119M -$9.588M
YoY Change 811.73% -121.77% -265.88%
Cash From Investing Activities -$4.523M -$1.632M -$10.10M
YoY Change -2891.98% -132.24% -82.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.769M -3.399M -$47.25M
YoY Change -115.56% 67.85% -300.45%
NET CHANGE
Cash From Operating Activities $9.976M 13.51M $50.93M
Cash From Investing Activities -$4.523M -1.632M -$10.10M
Cash From Financing Activities $1.769M -3.399M -$47.25M
Net Change In Cash $7.222M 8.474M -$6.424M
YoY Change -151.82% -48.89% -163.8%
FREE CASH FLOW
Cash From Operating Activities $9.976M $13.51M $50.93M
Capital Expenditures $6.000M $513.0K $513.0K
Free Cash Flow $3.976M $12.99M $50.41M
YoY Change -4.61% -53.69%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001782430
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2021Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
usd
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2022 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
usd
CY2021 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
usd
CY2022 STRW Net Income Attributable To Predecessor
NetIncomeAttributableToPredecessor
usd
CY2022 STRW Other Comprehensive Income Loss Attributable To Predecessor
OtherComprehensiveIncomeLossAttributableToPredecessor
usd
STRW Stock Issued During Period Value Formation Transactions
StockIssuedDuringPeriodValueFormationTransactions
usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
usd
CY2022 STRW Stock Issued During Period Value Reallocation Of Noncontrolling Interest
StockIssuedDuringPeriodValueReallocationOfNoncontrollingInterest
usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
usd
CY2022 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
usd
CY2021 STRW Credit For Doubtful Accounts Due To Recovery Of Foreclosed Real Estate
CreditForDoubtfulAccountsDueToRecoveryOfForeclosedRealEstate
usd
CY2022 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
usd
CY2021 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
usd
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
usd
CY2022 STRW Proceeds From Issuance Of Bonds Net Of Issuance Costs
ProceedsFromIssuanceOfBondsNetOfIssuanceCosts
usd
CY2022 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
usd
CY2021 STRW Noncontrolling Interest Distributions
NoncontrollingInterestDistributions
usd
CY2021 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
usd
CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
usd
CY2021 STRW Increase In Real Estate Investments Due To Noncash Recovery Of Foreclosed Real Estate
IncreaseInRealEstateInvestmentsDueToNoncashRecoveryOfForeclosedRealEstate
usd
CY2021 STRW Reclassification Of Noncontrolling Interest To Noncontrolling Interest Redemption Liabilities
ReclassificationOfNoncontrollingInterestToNoncontrollingInterestRedemptionLiabilities
usd
CY2022 STRW Note Receivable In Connection With Real Estate Investment Sale
NoteReceivableInConnectionWithRealEstateInvestmentSale
usd
CY2022 STRW Buyer Assumption Of Senior Debt In Connection With Real Estate Investment Sale
BuyerAssumptionOfSeniorDebtInConnectionWithRealEstateInvestmentSale
usd
CY2022 STRW Op Units Issued In Connection With Purchase Of Real Estate Investments
OpUnitsIssuedInConnectionWithPurchaseOfRealEstateInvestments
usd
CY2022 STRW Members Distribution Included In Accounts Payable And Accrued Liabilities
MembersDistributionIncludedInAccountsPayableAndAccruedLiabilities
usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
usd
STRW Net Income Attributable To Predecessor
NetIncomeAttributableToPredecessor
usd
CY2022 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
usd
CY2021 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
usd
CY2022 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
usd
CY2021 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
usd
CY2022 dei Document Type
DocumentType
10-K
CY2022 dei Document Annual Report
DocumentAnnualReport
true
CY2022 dei Document Period End Date
DocumentPeriodEndDate
2022-12-31
CY2022 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022 dei Document Transition Report
DocumentTransitionReport
false
CY2022 dei Entity File Number
EntityFileNumber
000-56451
CY2022 dei Entity Registrant Name
EntityRegistrantName
STRAWBERRY FIELDS REIT, INC.
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
CY2022 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
84-2336054
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
6101 Nimtz Parkway
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
South Bend
CY2022 dei Entity Address State Or Province
EntityAddressStateOrProvince
IN
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
46628
CY2022 dei City Area Code
CityAreaCode
(574)
CY2022 dei Local Phone Number
LocalPhoneNumber
807-0800
CY2022 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2022 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022 dei Entity Small Business
EntitySmallBusiness
true
CY2022 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2022 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2022 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 dei Entity Public Float
EntityPublicFloat
0 usd
CY2023Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
6365856 shares
CY2022 dei Auditor Firm
AuditorFirmId
400
CY2022 dei Auditor Name
AuditorName
HACKER, JOHNSON & SMITH PA
CY2022 dei Auditor Location
AuditorLocation
Tampa, Florida
CY2022Q4 us-gaap Real Estate Investments
RealEstateInvestments
438911000 usd
CY2021Q4 us-gaap Real Estate Investments
RealEstateInvestments
462728000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20197000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26206000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
25507000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
25922000 usd
CY2022Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
23534000 usd
CY2021Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
23262000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1833000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2064000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11632000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
14660000 usd
CY2022Q4 us-gaap Deferred Costs
DeferredCosts
5791000 usd
CY2021Q4 us-gaap Deferred Costs
DeferredCosts
4826000 usd
CY2022Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
19419000 usd
CY2021Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
9831000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
176000 usd
CY2021Q4 us-gaap Other Assets
OtherAssets
465000 usd
CY2022Q4 us-gaap Assets
Assets
547000000 usd
CY2021Q4 us-gaap Assets
Assets
569964000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
13723000 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
20654000 usd
CY2022Q4 STRW Bonds
Bonds
74412000 usd
CY2021Q4 STRW Bonds
Bonds
192549000 usd
CY2022Q4 STRW Notes Payable And Other Debt
NotesPayableAndOtherDebt
381003000 usd
CY2021Q4 STRW Notes Payable And Other Debt
NotesPayableAndOtherDebt
309251000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1833000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2064000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
10892000 usd
CY2021Q4 us-gaap Other Liabilities
OtherLiabilities
10396000 usd
CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
15753000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
497616000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
534914000 usd
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6365856 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5849746 shares
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5792000 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
4327000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
386000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2455000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1608000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
393000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
7786000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
2265000 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
41598000 usd
CY2021Q4 us-gaap Minority Interest
MinorityInterest
32785000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
49384000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
35050000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
547000000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
569964000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
92543000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
87032000 usd
CY2022 us-gaap Depreciation
Depreciation
25530000 usd
CY2021 us-gaap Depreciation
Depreciation
24460000 usd
CY2022 us-gaap Adjustment For Amortization
AdjustmentForAmortization
3028000 usd
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
3028000 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6012000 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6297000 usd
CY2022 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
13131000 usd
CY2021 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
10623000 usd
CY2022 STRW Facility Rent Expenses
FacilityRentExpenses
532000 usd
CY2021 STRW Facility Rent Expenses
FacilityRentExpenses
735000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-5636000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5128000 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
42597000 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
50271000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
49946000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
36761000 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
20507000 usd
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
21261000 usd
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
504000 usd
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
379000 usd
CY2022 STRW Mortgage Insurance Premium
MortgageInsurancePremium
1704000 usd
CY2021 STRW Mortgage Insurance Premium
MortgageInsurancePremium
1769000 usd
CY2022 us-gaap Interest Expense
InterestExpense
22715000 usd
CY2021 us-gaap Interest Expense
InterestExpense
23409000 usd
CY2021 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
3842000 usd
CY2022 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
10932000 usd
CY2021 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
8775000 usd
CY2022 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
120000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-10812000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4933000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
16419000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
8419000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
14567000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3083000 usd
CY2021 STRW Net Income Attributable To Predecessor
NetIncomeAttributableToPredecessor
4943000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
1852000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
393000 usd
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
14256000 usd
CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-6751000 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
-10932000 usd
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
-8775000 usd
CY2021 STRW Other Comprehensive Income Loss Attributable To Predecessor
OtherComprehensiveIncomeLossAttributableToPredecessor
9681000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
22347000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-6795000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4693000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-469000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
1852000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
393000 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6008953 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5846195 shares
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13420000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
9681000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
1060000 usd
us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
-5000000 usd
us-gaap Profit Loss
ProfitLoss
4943000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21984000 usd
STRW Issuance Of Operating Partnership Units
IssuanceOfOperatingPartnershipUnits
16997000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-7657000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
250000 usd
us-gaap Profit Loss
ProfitLoss
3476000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
35050000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
35050000 usd
CY2022 us-gaap Dividends
Dividends
637000 usd
CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
10883000 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
25188000 usd
CY2022 STRW Reclassification Of Noncontrolling Interest To Noncontrolling Interest Redemption Liability
ReclassificationOfNoncontrollingInterestToNoncontrollingInterestRedemptionLiability
15753000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
16419000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
49384000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
49384000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
16419000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
8419000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
28558000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
27488000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
250000 usd
CY2021 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
3842000 usd
CY2022 STRW Amortization Of Bond Issuance Costs
AmortizationOfBondIssuanceCosts
1160000 usd
CY2021 STRW Amortization Of Bond Issuance Costs
AmortizationOfBondIssuanceCosts
1000000 usd
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
504000 usd
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
379000 usd
CY2022 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-289000 usd
CY2021 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
150000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
231000 usd
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
284000 usd
CY2022 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
10932000 usd
CY2021 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
8775000 usd
CY2022 STRW Gain Loss On Foreign Currency Translation Adjustments
GainLossOnForeignCurrencyTranslationAdjustments
971000 usd
CY2021 STRW Gain Loss On Foreign Currency Translation Adjustments
GainLossOnForeignCurrencyTranslationAdjustments
-559000 usd
CY2022 STRW Credit For Doubtful Accounts Due To Recovery Of Foreclosed Real Estate
CreditForDoubtfulAccountsDueToRecoveryOfForeclosedRealEstate
-1200000 usd
CY2022 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
272000 usd
CY2021 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
2032000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-6435000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5058000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
231000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
284000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
50926000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
44786000 usd
CY2022 STRW Purchase Of Real Estate Investments
PurchaseOfRealEstateInvestments
-513000 usd
CY2021 STRW Purchase Of Real Estate Investments
PurchaseOfRealEstateInvestments
-64068000 usd
CY2021 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
44000 usd
CY2022 STRW Payments For Proceeds From Notes Receivable
PaymentsForProceedsFromNotesReceivable
9588000 usd
CY2021 STRW Payments For Proceeds From Notes Receivable
PaymentsForProceedsFromNotesReceivable
-5736000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10101000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-58288000 usd
CY2022 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
105000000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1469000 usd
CY2021 STRW Proceeds From Issuance Of Bonds Net Of Issuance Costs
ProceedsFromIssuanceOfBondsNetOfIssuanceCosts
63000000 usd
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
106012000 usd
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
22384000 usd
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1700000 usd
CY2022 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
33248000 usd
CY2021 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
17229000 usd
CY2022 STRW Noncontrolling Interest Distributions
NoncontrollingInterestDistributions
10883000 usd
CY2022 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
637000 usd
CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1516000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-47249000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
23571000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6424000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10069000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
52128000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
42059000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
45704000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
52128000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
21629000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
19395000 usd
CY2022 STRW Foreign Currency Translation Adjustments
ForeignCurrencyTranslationAdjustments
25188000 usd
CY2021 STRW Foreign Currency Translation Adjustments
ForeignCurrencyTranslationAdjustments
2024000 usd
CY2022 STRW Increase In Real Estate Investments Due To Noncash Recovery Of Foreclosed Real Estate
IncreaseInRealEstateInvestmentsDueToNoncashRecoveryOfForeclosedRealEstate
1200000 usd
CY2022 STRW Reclassification Of Noncontrolling Interest To Noncontrolling Interest Redemption Liabilities
ReclassificationOfNoncontrollingInterestToNoncontrollingInterestRedemptionLiabilities
15753000 usd
CY2021 STRW Note Receivable In Connection With Real Estate Investment Sale
NoteReceivableInConnectionWithRealEstateInvestmentSale
9027000 usd
CY2021 STRW Buyer Assumption Of Senior Debt In Connection With Real Estate Investment Sale
BuyerAssumptionOfSeniorDebtInConnectionWithRealEstateInvestmentSale
16945000 usd
CY2021 STRW Op Units Issued In Connection With Purchase Of Real Estate Investments
OpUnitsIssuedInConnectionWithPurchaseOfRealEstateInvestments
16997000 usd
CY2021 STRW Members Distribution Included In Accounts Payable And Accrued Liabilities
MembersDistributionIncludedInAccountsPayableAndAccruedLiabilities
5000000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80A_eus-gaap--NatureOfOperations_zU25mNoAcON7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1. <span id="xdx_825_zJr4mtU23ebk">Business</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Overview</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>The Company</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">STRAWBERRY FIELDS REIT Inc. (the “Company”) is a Maryland corporation formed in July 2019. The Company commenced operations on June 8, 2021, following the completion of the formation transactions described below. The Company conducts its business through a traditional UPREIT structure in which substantially all of its assets are owned by subsidiaries of Strawberry Fields Realty, LP, a Delaware limited partnership formed in July 2019 (the “Operating Partnership”). The Company is the general partner of the Operating Partnership.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company completed the formation transactions on June 8, 2021. In connection with the formation transaction, the Company, the Operating Partnership and Strawberry Fields REIT, LLC (the “Predecessor Company” or “Predecessor”) entered into a contribution agreement, pursuant to which the Predecessor Company contributed all of its assets to the Operating Partnership, and the Operating Partnership assumed all of its liabilities. In exchange, the Operating Partnership issued limited partnership interests designated as common units (the “OP units”) to the Predecessor Company, which immediately distributed them to its members and beneficial owners. The Company offered certain of the holders of these OP units the opportunity to exchange their OP units for shares of common stock of the Company on a one for one basis. The Company limited the number of OP units that could be exchanged by some of the holders so that such holders would not become beneficial owners of more than <span id="xdx_903_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20210608__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--StrawberryFieldsREITLLCMember_zjEDa76GVjF8" title="Equity method investment ownership percentage">9.8</span>% of the outstanding shares of the Company in violation of the ownership limitations set forth in the Company’s charter. Following the completion of the formation transactions, and other transactions, the Company became the owner of approximately <span id="xdx_905_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20221231__us-gaap--AwardTypeAxis__custom--OperatingPartnershipMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--StrawberryFieldsREITLLCMember_zDS5LrcM31Jk" title="Equity method investment ownership percentage">12</span>% and <span id="xdx_904_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20211231__us-gaap--AwardTypeAxis__custom--OperatingPartnershipMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--StrawberryFieldsREITLLCMember_zZ3RleVVSs6g" title="Equity method investment ownership percentage">11</span> % of the outstanding OP units as of December 31, 2022 and 2021, respectively. The formation transactions were accounted for at historical cost.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As the sole general partner of the Operating Partnership, the Company has the exclusive power under the partnership agreement to manage and conduct the business affairs of the Operating Partnership, subject to certain limited approval and voting rights of the limited partners. The Company may cause the Operating Partnership to issue additional OP units in connection with property acquisitions, compensation or otherwise. The Company became a publicly traded entity on September 21, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2022, the Company owned 78 properties and leased one property that it in turn subleased to a tenant that operates the facility.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Predecessor Company</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Predecessor Company, Strawberry Fields REIT, LLC, is an Indiana limited liability company organized on August 4, 2014. Predecessor company’s final tax return was filed as of December 31, 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Predecessor Company primarily invested in real estate serving the healthcare industry in the United States. The Predecessor Company through its subsidiaries owned skilled nursing facilities, long-term acute care hospitals, and other healthcare related properties in the States of Illinois, Indiana, Michigan, Texas, Ohio, Tennessee, Kentucky, Oklahoma, and Arkansas. Prior to the formation transactions, the Predecessor Company owned 72 properties and leased one property that was subleased by the Predecessor Company to a tenant that operates the facility.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1. Business (Cont.)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Basis of Presentation</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company maintains its accounting records on an accrual basis in accordance with generally accepted accounting principles in the United States of America (“GAAP”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These consolidated financial statements are presented in U.S. dollars.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On June 8, 2021, the Company completed the following formation transactions and related transactions:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">the Predecessor Company contributed all of its assets owned as of June 8, 2021, to the Operating Partnership, and the Operating Partnership assumed all of the liabilities of the Predecessor Company as of the same date;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">the Operating Partnership issued <span id="xdx_905_eus-gaap--SharesIssued_iI_pid_c20221231__us-gaap--AwardTypeAxis__custom--OperatingPartnershipMember__srt--ConsolidatedEntitiesAxis__us-gaap--ReorganizationChapter11PredecessorBeforeAdjustmentMember_zpnnOFjMe0Mf" title="Shares issued">51,686,280</span> OP units to the Predecessor Company, which were distributed to the members and beneficial owners of the Predecessor Company; and</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">the Company issued <span id="xdx_90E_ecustom--StockIssuedDuringPeriodSharesFormationTransactions_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--OperatingPartnershipMember__srt--ConsolidatedEntitiesAxis__us-gaap--ReorganizationChapter11PredecessorBeforeAdjustmentMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zf1PMI1xCu8f" title="Shares formation transactions">5,824,846</span> shares of its common stock to the members of the Predecessor Company and their beneficial owners and their transferees in exchange for <span id="xdx_90E_ecustom--StockIssuedDuringPeriodSharesFormationTransactions_pid_c20220101__20221231__us-gaap--AwardTypeAxis__custom--OperatingPartnershipMember__srt--ConsolidatedEntitiesAxis__us-gaap--ReorganizationChapter11PredecessorBeforeAdjustmentMember_zGqtQdcUiH3" title="Shares transferees in exchange">5,824,846</span> OP units.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Following the completion of the formation transactions, the Company owned approximately <span id="xdx_90C_ecustom--OutstandingOwnershipPercentage_iI_pid_dp_uPure_c20221231__us-gaap--AwardTypeAxis__custom--OperatingPartnershipMember_zy0ru0DtqFli" title="Outstanding ownership percentage">11.3</span>% or <span id="xdx_902_eus-gaap--SharesOutstanding_iI_pid_c20221231__us-gaap--AwardTypeAxis__custom--OperatingPartnershipMember_zR5gV1xNhmak" title="Shares outstanding">5,844,166</span> of the outstanding OP units in the Operating Partnership. As of December 31, 2022 the Company owns approximately 12% of the Operating Partnership.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following is a summary of the Predecessor Company’s Consolidated Statement of Income for the period from January 1, 2021, through June 7, 2021, and the Company’s Consolidated Statement of Income for the period from June 8, 2021, to December 31, 2021. These amounts are included in the accompanying Consolidated Statements of Income herein for the year ended December 31, 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1. Business (Cont.)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Basis of Presentation (Cont.)</i></b></span></p> <p id="xdx_892_esrt--ScheduleOfCondensedFinancialStatementsTableTextBlock_zQrbYQqu7bRh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B9_zDKrfTcviHEk" style="display: none">Schedule of Consolidated Financial Statement</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49B_20210101__20210607__srt--ConsolidatedEntitiesAxis__us-gaap--ReorganizationChapter11PredecessorBeforeAdjustmentMember_z1xkcLD8uScd" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">January 1, 2021 through June 7, 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_496_20210608__20211231_zSbYjOF2b2r7" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">June 8, 2021 through December 31, 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49E_20210101__20211231_zFRka7lJV9v9" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">TOTAL</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">(Amounts in $000’s)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Predecessor</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Company</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">January 1, 2021 through June 7, 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">June 8, 2021 through December 31, 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">TOTAL</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_40F_eus-gaap--RevenuesAbstract_iB" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Revenues</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_i01_pn3n3_maOILzClM_zm2vb1jFXgrd" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 46%; text-align: left; padding-bottom: 1.5pt">Rental revenues</td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right">35,440</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right">51,592</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right">87,032</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--OperatingExpensesAbstract_iB" style="vertical-align: bottom; background-color: White"> <td>Expenses:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--Depreciation_i01_pn3n3_maOEzcbt_zQE12nj6GBMl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Depreciation</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">10,303</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">14,157</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">24,460</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--AdjustmentForAmortization_i01_pn3n3_maOEzcbt_z9X4F1X6nvmc" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,323</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,705</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,028</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--GeneralAndAdministrativeExpense_i01_pn3n3_maOEzcbt_zzj57WsifUij" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">General and administrative expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,928</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,369</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,297</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--RealEstateTaxExpense_i01_pn3n3_maOEzcbt_zCz1obVQBLM4" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Property taxes</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,039</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,584</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,623</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--FacilityRentExpenses_i01_pn3n3_maOEzcbt_zxLhyMJG2AM2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Facility rent expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">217</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">518</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">735</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--ProvisionForDoubtfulAccounts_i01_pn3n3_maOEzcbt_zJitAGy5sjw2" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1.5pt">Provision for doubtful accounts</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">93</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">5,035</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">5,128</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--OperatingExpenses_i01T_pn3n3_mtOEzcbt_msOILzClM_z1S9c7ynvF2g" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 20pt; text-align: left; padding-bottom: 1.5pt">Total expenses</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">17,903</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">32,368</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">50,271</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--OperatingIncomeLoss_iT_pn3n3_mtOILzClM_maPLzFXt_ztKnLatVdJu2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Income from operations</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">17,537</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">19,224</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">36,761</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--InterestExpenseDebt_iN_pn3n3_di_maIEzltm_zSZBBle4i7q8" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Interest expense, net</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(8,769</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(12,492</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(21,261</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--AmortizationOfFinancingCostsAndDiscounts_iN_pn3n3_di_maIEzltm_zJdTLEvTfgy4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Amortization of deferred financing costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(132</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(247</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(379</td><td style="text-align: left">)</td></tr> <tr id="xdx_40A_ecustom--MortgageInsurancePremium_iN_pn3n3_di_maIEzltm_zciFYEFaDxg5" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1.5pt">Mortgage insurance premium</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(691</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,078</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,769</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_409_eus-gaap--InterestExpense_iNT_pn3n3_di_mtIEzltm_msPLzFXt_zIWugr0USTsk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1.5pt">Total interest expense</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">(9,592</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">(13,817</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">(23,409</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--NonoperatingIncomeExpenseAbstract_iB" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other income (loss):</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--GainsLossesOnSalesOfInvestmentRealEstate_i01_pn3n3_maONIEzxbQ_zs5f5d2QcW41" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Gain from sale of real estate investments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,842</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0629">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,842</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--ForeignCurrencyTransactionGainLossBeforeTax_i01N_pn3n3_di_maONIEzxbQ_zN8fV9WUX8V" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Foreign currency translation loss</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(6,844</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,931</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(8,775</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--NonoperatingIncomeExpense_i01T_pn3n3_mtONIEzxbQ_maPLzFXt_ztHBSzY6TyPe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Total other loss</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(3,002</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,931</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(4,933</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--ProfitLoss_iT_pn3n3_maNILzo0f_mtPLzFXt_zKEvGXxN7uI6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Net income</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,943</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,476</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">8,419</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--NetIncomeLossAttributableToNoncontrollingInterest_iN_pn3n3_di_msNILzo0f_zexRhkY9aFpi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Less net income attributable to non-controlling interest</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0644">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(3,083</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(3,083</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_400_ecustom--NetIncomeAttributableToPredecessor_iN_pn3n3_di_msNILzo0f_zFXB3L2vrqJ5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Net income attributable to Predecessor Company</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0648">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0649">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(4,943</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--NetIncomeLoss_iT_pn3n3_mtNILzo0f_zpcXzdFVtASl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Net income attributable to common stockholders</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0652">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">393</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">393</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A1_z3y3crh4KLM2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Variable Interest Entity</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company consolidates the Operating Partnership, a variable interest entity (“VIE”) in which the Company is considered the primary beneficiary. The primary beneficiary is the entity that has (i) the power to direct the activities that most significantly impact the entity’s economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could be significant to the VIE.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Non-Controlling Interest</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A non-controlling interest is defined as the portion of the equity in an entity not attributable, directly or indirectly, to the primary beneficiary. Non-controlling interests are required to be presented as a separate component of equity on a consolidated balance sheet. Accordingly, the presentation of net income is modified to present the income attributed to controlling and non-controlling interests. The non-controlling interest on the Company’s consolidated balance sheets represents OP units not held by the Company and represents approximately <span id="xdx_90E_ecustom--NonControllingInterestOperatiingPercentage_pid_dp_uPure_c20220101__20221231_ztvoFgl0ngH7" title="Non-controlling interest, operatiing rate">88</span> % and <span id="xdx_905_ecustom--NonControllingInterestOperatiingPercentage_pid_dp_uPure_c20210101__20211231_zblrtagC5Nb6" title="Non-controlling interest, operatiing rate">89</span> % of the outstanding OP Units issued by the Operating Partnership as of December 31, 2022 and 2021, respectively. The holders of these OP units are entitled to share in cash distributions from the Operating Partnership in proportion to their percentage ownership of OP units. Net income is allocated to the non-controlling interest based on the weighted-average of OP units outstanding during the year.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1. Business (cont.)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Fiscal Year End</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has adopted a fiscal year end of December 31.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
51592000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
87032000 usd
us-gaap Depreciation
Depreciation
14157000 usd
CY2021 us-gaap Depreciation
Depreciation
24460000 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
1705000 usd
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
3028000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4369000 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6297000 usd
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
6584000 usd
CY2021 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
10623000 usd
STRW Facility Rent Expenses
FacilityRentExpenses
518000 usd
CY2021 STRW Facility Rent Expenses
FacilityRentExpenses
735000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5035000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5128000 usd
us-gaap Operating Expenses
OperatingExpenses
32368000 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
50271000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
19224000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
36761000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
12492000 usd
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
21261000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
247000 usd
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
379000 usd
STRW Mortgage Insurance Premium
MortgageInsurancePremium
1078000 usd
CY2021 STRW Mortgage Insurance Premium
MortgageInsurancePremium
1769000 usd
us-gaap Interest Expense
InterestExpense
13817000 usd
CY2021 us-gaap Interest Expense
InterestExpense
23409000 usd
CY2021 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
3842000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1931000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
8775000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1931000 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4933000 usd
us-gaap Profit Loss
ProfitLoss
3476000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
8419000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3083000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3083000 usd
CY2021 STRW Net Income Attributable To Predecessor
NetIncomeAttributableToPredecessor
4943000 usd
us-gaap Net Income Loss
NetIncomeLoss
393000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
393000 usd
CY2022 STRW Non Controlling Interest Operatiing Percentage
NonControllingInterestOperatiingPercentage
0.88 pure
CY2021 STRW Non Controlling Interest Operatiing Percentage
NonControllingInterestOperatiingPercentage
0.89 pure
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84C_eus-gaap--UseOfEstimates_zUO75WvvBog9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Use of Estimates</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management is required to make estimates and assumptions in the preparation of the consolidated financial statements in conformity with GAAP. These estimates and assumptions affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results may differ from management’s estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4 us-gaap Cash
Cash
40652000 usd
CY2021Q4 us-gaap Cash
Cash
36359000 usd
CY2022 STRW Increase Decrease Rent Percentage
IncreaseDecreaseRentPercentage
0.010 pure
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_848_eus-gaap--ConcentrationRiskCreditRisk_zIBeMEkqrPe7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Concentrations of Credit Risk</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments which potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash and cash equivalents, notes receivable and operating leases on owned properties. These financial instruments are subject to the possibility of loss of carrying value as a result of the failure of other parties to perform according to their contractual obligations or changes in market prices which may make the instrument less valuable. Cash and cash equivalents, restricted cash and equivalents are held with various financial institutions. From time to time, these balances exceed the federally insured limits. These balances are maintained with high quality financial institutions which management believes limits the risk.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">With respect to notes receivable, the Company obtains various collateral and other protective rights, and continually monitor these rights, in order to reduce such possibilities of loss. In addition, the Company provides reserves for potential losses based upon management’s periodic review of our portfolio.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On December 31, 2022, the Company held five notes receivable with an outstanding balance of $<span id="xdx_908_eus-gaap--ReceivablesNetCurrent_iI_pn5n6_c20221231_zOYD8ieb1Bt9" title="Notes receivable balance outstanding">19.4</span> million. <span id="xdx_908_eus-gaap--ReceivableWithImputedInterestDescription_pid_dp_c20220101__20221231_zWArdpKYnMXe" title="Notes receivable maturity">The notes have maturities ranging from 2023 through 2046</span>, and interest rates ranging from <span id="xdx_906_eus-gaap--ReceivableWithImputedInterestEffectiveYieldInterestRate_pid_dp_c20220101__20221231__srt--RangeAxis__srt--MinimumMember_znlWv9e2rNI2" title="Notes receivable interest rate">2</span>% to <span id="xdx_90A_eus-gaap--ReceivableWithImputedInterestEffectiveYieldInterestRate_pid_dp_c20220101__20221231__srt--RangeAxis__srt--MaximumMember_zSfA5kzaJ1bj" title="Notes receivable interest rate">10.25</span>%. One of the notes is collateralized by tenants accounts receivable. All other notes receivable are uncollateralized as of December 31, 2022. As of December 31, 2021 the Company held two uncollateralized notes receivable for a total amount of $<span id="xdx_90D_eus-gaap--ReceivablesNetCurrent_iI_pn5n6_c20211231_z61FOrv3yzhf" title="Notes receivable amount">9.8</span> million. All of these notes are paid monthly and are current.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During 2018, the Company undertook to acquire five properties located in Massachusetts through the acquisition of the loans secured by first mortgages on the properties. In this regard, the Company purchased mortgages from the lenders for the price of $<span id="xdx_90F_eus-gaap--ProceedsFromLoans_pn4n6_c20180101__20181231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FivePropertiesMember_zJLwMJfZrci5" title="Property acquired through loans">7.74</span> million. During 2019, the Company subsequently advanced $<span id="xdx_909_eus-gaap--PaymentsToAcquirePropertyPlantAndEquipment_pn5n6_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FivePropertiesMember_zAotfhzuBoG1" title="Payments to acquire property plant and equipment">3.1</span> million under the mortgages to repay other debts related to the properties. The Company had an informal understanding with the owner that, in exchange for the cancellation of the loans, the owner would transfer title to the properties to the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">However, subsequent to the purchase of the loans but prior to the transfer of the properties, the Company cancelled the planned transfer because the owner was forced to surrender its licenses to the State of Massachusetts due to cash flow issues. Due to the uncertainty with respect to the recovery of the Company’s investment in the loans, they were fully reserved at December 31, 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In July 2022, the Company as lender sold four of the five properties at auction for the total amount of $<span id="xdx_909_ecustom--ProceedsFromSaleOfPropertyAndEquipment_pn5n6_c20220701__20220731__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FourPropertiesMember_zXTxRizljp38" title="Proceeds from sale of property and equipment">4.4</span> million which is included in (credit) provision for doubtful accounts in the accompanying consolidated statements of income and comprehensive income (loss). In December 2022 the Company took title on the fifth property with an estimated fair value of $<span id="xdx_900_eus-gaap--PaymentsToAcquirePropertyPlantAndEquipment_pn5n6_c20221201__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FifthPropertyMember_zjw6qL9tqMTl" title="Payments to acquire property plant and equipment">1.2</span> million. The Company is in the process of pursuing collection efforts with respect to the balance outstanding, plans to sell the foreclosed assets and pursue the guarantors of the loans to recover the unpaid principal balances as well as protective advances and collection costs.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
19400000 usd
CY2022 us-gaap Receivable With Imputed Interest Description
ReceivableWithImputedInterestDescription
The notes have maturities ranging from 2023 through 2046
CY2021Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
9800000 usd
CY2022 STRW Market Concentration Risk Description
MarketConcentrationRiskDescription
As of December 31, 2022 and 2021, the Company owned 78 properties and leases 1 property in 9 states, with 21 properties or 26.6% of its total properties located in Illinois (which include 4,327 skilled nursing beds or 41.50% of the Company’s total beds) and 15 properties or 19.0% of its total properties in Indiana (which include 1,388 skilled nursing beds or 13.3% of the Company’s total beds). Since tenant revenue is primarily generated from Medicare and Medicaid, the operations of the Company are indirectly subject to the administrative directives, rules and regulations of federal and state regulatory agencies, including, but not limited to, Centers for Medicare and Medicaid Services, and the Department of Health and Aging in all states in which the Company operates
CY2021Q4 STRW Number Of Operational Beds
NumberOfOperationalBeds
68000 integer
CY2022 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
The lease expires on March 1, 2028 and has two five-year renewal options
CY2022 STRW Income Tax Description
IncomeTaxDescription
U.S. federal income tax law requires that a REIT distribute annually at least 90% of its net taxable income, excluding net capital gains, and that it pays tax at regular corporate rates to the extent that it annually distributes less than 100% of its net taxable income, including net capital gains. In addition, a REIT is required to pay a 4% nondeductible excise tax on the amount, if any, by which the distributions that it makes in a calendar year are less than the sum of 85% of its ordinary income, 95% of its capital gain net income and 100% of its undistributed income from prior years
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
25507000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
25922000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
633749000 usd
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
632036000 usd
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
194838000 usd
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
169308000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
438911000 usd
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
462728000 usd
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
55900000 usd
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-38212000 usd
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
17688000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3028000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
55900000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-41240000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
14660000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
55900000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-41240000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
14660000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3028000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
55900000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-44268000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11632000 usd
CY2022Q4 STRW Cumulative Number Of Properties
CumulativeNumberOfProperties
79 integer
CY2021Q4 STRW Cumulative Number Of Properties
CumulativeNumberOfProperties
79 integer
CY2022Q4 STRW Cumulative Number Of Properties
CumulativeNumberOfProperties
79 integer
CY2021Q4 STRW Cumulative Number Of Properties
CumulativeNumberOfProperties
79 integer
CY2022Q4 STRW Cumulative Number Of Operational Beds
CumulativeNumberOfOperationalBeds
10332 integer
CY2021Q4 STRW Cumulative Number Of Operational Beds
CumulativeNumberOfOperationalBeds
10336 integer
CY2022Q4 STRW Number Of Operational Units
NumberOfOperationalUnits
10332 integer
CY2022Q4 STRW Owned By Company Units
OwnedByCompanyUnits
78 integer
CY2022Q4 STRW Leased By Company Units
LeasedByCompanyUnits
1 integer
CY2022Q4 STRW Total Operational Units
TotalOperationalUnits
79 integer
CY2022Q4 STRW Number Of Operational Units
NumberOfOperationalUnits
10332 integer
CY2022Q4 STRW Owned By Company Units
OwnedByCompanyUnits
78 integer
CY2022Q4 STRW Leased By Company Units
LeasedByCompanyUnits
1 integer
CY2022Q4 STRW Total Operational Units
TotalOperationalUnits
79 integer
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
83312000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
84815000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
75152000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
56159000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
56453000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
186099000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
541990000 usd
CY2022Q4 STRW Number Of Facilities Leased And Subleased To Thirdparties
NumberOfFacilitiesLeasedAndSubleasedToThirdparties
1000 integer
CY2021Q4 STRW Number Of Facilities Leased And Subleased To Thirdparties
NumberOfFacilitiesLeasedAndSubleasedToThirdparties
1000 integer
CY2022Q4 STRW Number Of Operational Beds
NumberOfOperationalBeds
68000 integer
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
392000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
375000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1833000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2064000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1833000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2064000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y3M
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041 pure
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041 pure
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
395000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
395000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
395000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
395000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
395000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
69000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2044000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
211000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1833000 usd
CY2022 us-gaap Payments For Rent
PaymentsForRent
203500 usd
CY2021 us-gaap Payments For Rent
PaymentsForRent
198000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
194838000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
169308000 usd
CY2022Q4 us-gaap Sec Schedule Iii Real Estate Investment Property Net
SECScheduleIIIRealEstateInvestmentPropertyNet
438911000 usd
CY2021Q4 us-gaap Sec Schedule Iii Real Estate Investment Property Net
SECScheduleIIIRealEstateInvestmentPropertyNet
462728000 usd
CY2022Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
439750388 usd
CY2022Q4 STRW Notes Payable Gross
NotesPayableGross
456791000 usd
CY2021Q4 STRW Notes Payable Gross
NotesPayableGross
504177000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1376000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2377000 usd
CY2022Q4 us-gaap Notes Payable
NotesPayable
455415000 usd
CY2021Q4 us-gaap Notes Payable
NotesPayable
501800000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
28219000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
25793000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
15570000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
57373000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
94747000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
235089000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
456791000 usd
CY2022Q4 STRW Number Of Outstanding Credit Related Instrument
NumberOfOutstandingCreditRelatedInstrument
40 integer
CY2021Q4 STRW Number Of Outstanding Credit Related Instrument
NumberOfOutstandingCreditRelatedInstrument
42 integer
CY2021Q4 us-gaap Other Notes Payable
OtherNotesPayable
1400000 usd
CY2022Q4 STRW Straightline Rent Receivable
StraightlineRentReceivable
11591000 usd
CY2021Q4 STRW Straightline Rent Receivable
StraightlineRentReceivable
15261000 usd
CY2022Q4 us-gaap Replacement Reserve Escrow
ReplacementReserveEscrow
10227000 usd
CY2021Q4 us-gaap Replacement Reserve Escrow
ReplacementReserveEscrow
10331000 usd
CY2022Q4 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
7816000 usd
CY2021Q4 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
8521000 usd
CY2022 us-gaap Proceeds From Rents Received
ProceedsFromRentsReceived
54386000 usd
CY2021 us-gaap Proceeds From Rents Received
ProceedsFromRentsReceived
61310000 usd
CY2022Q2 srt Financing Receivable Nonaccrual To Outstanding Percent
FinancingReceivableNonaccrualToOutstandingPercent
0.07 pure
CY2022Q2 us-gaap Notes Receivable Related Parties Current
NotesReceivableRelatedPartiesCurrent
8000000 usd
CY2022 STRW Interest Expenses With Respect To Bonds
InterestExpensesWithRespectToBonds
7062000 usd
CY2021 STRW Interest Expenses With Respect To Bonds
InterestExpensesWithRespectToBonds
9736000 usd
CY2022 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
14071000 usd
CY2021 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
11543000 usd
CY2022 STRW Interest Expenses With Respect To Leases
InterestExpensesWithRespectToLeases
80000 usd
CY2021 STRW Interest Expenses With Respect To Leases
InterestExpensesWithRespectToLeases
91000 usd
CY2022 STRW Other Financing Expenses Including Related Parties Net
OtherFinancingExpensesIncludingRelatedPartiesNet
95000 usd
CY2021 STRW Other Financing Expenses Including Related Parties Net
OtherFinancingExpensesIncludingRelatedPartiesNet
354000 usd
CY2022 us-gaap Financing Interest Expense
FinancingInterestExpense
21308000 usd
CY2021 us-gaap Financing Interest Expense
FinancingInterestExpense
21724000 usd
CY2022 STRW Financing Income Expense
FinancingIncomeExpense
801000 usd
CY2021 STRW Financing Income Expense
FinancingIncomeExpense
463000 usd
CY2022 us-gaap Interest Expense Other
InterestExpenseOther
20507000 usd
CY2021 us-gaap Interest Expense Other
InterestExpenseOther
21261000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
60009905 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
518740118 usd
CY2022Q4 STRW Real Estate And Accumulated Depreciation Initial Cost Of Furniture Fixtures And Equipment
RealEstateAndAccumulatedDepreciationInitialCostOfFurnitureFixturesAndEquipment
54998977 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
60009905 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
372793563 usd
CY2022Q4 STRW Real Estate And Accumulated Depreciation Carrying Amount Of Furniture Fixtures And Equipment
RealEstateAndAccumulatedDepreciationCarryingAmountOfFurnitureFixturesAndEquipment
6107811 usd
CY2022Q4 us-gaap Sec Schedule Iii Real Estate Investment Property Net
SECScheduleIIIRealEstateInvestmentPropertyNet
438911279 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
194837721 usd
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
632036000 usd
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
550971000 usd
CY2022 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
1713000 usd
CY2021 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
81065000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
633749000 usd
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
632036000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
169308000 usd
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
144848000 usd
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
25530000 usd
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
24460000 usd

Files In Submission

Name View Source Status
0001493152-23-009013-index-headers.html Edgar Link pending
0001493152-23-009013-index.html Edgar Link pending
0001493152-23-009013.txt Edgar Link pending
0001493152-23-009013-xbrl.zip Edgar Link pending
ex21-1.htm Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex4-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-k.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
form10-k_htm.xml Edgar Link completed
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
strw-20221231.xsd Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
strw-20221231_def.xml Edgar Link unprocessable
strw-20221231_cal.xml Edgar Link unprocessable
strw-20221231_lab.xml Edgar Link unprocessable
strw-20221231_pre.xml Edgar Link unprocessable