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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Real estate assets:    
Land $ 168,120 $ 170,021
Buildings and improvements 1,625,819 1,637,066
Fixtures and equipment 2,649 2,528
Total real estate assets, gross 1,796,588 1,809,615
Less accumulated depreciation 309,307 299,991
Real estate assets, net 1,487,281 1,509,624
Acquired real estate leases, less accumulated amortization of $117,134 and $112,844, respectively 99,102 108,046
Investment in non-consolidated REITs 76,707 77,019
Asset held for sale 15,921  
Cash and cash equivalents 14,316 18,163
Restricted cash 10 23
Tenant rent receivables, less allowance for doubtful accounts of $130 and $130, respectively 3,691 2,898
Straight-line rent receivable, less allowance for doubtful accounts of $50 and $50, respectively 49,696 48,502
Prepaid expenses and other assets 5,943 5,484
Related party mortgage loan receivables 79,575 118,641
Other assets: derivative asset   1,132
Office computers and furniture, net of accumulated depreciation of $1,372 and $1,333, respectively 438 484
Deferred leasing commissions, net of accumulated amortization of $21,035 and $20,002, respectively 28,705 28,999
Total assets 1,861,385 1,919,015
Liabilities:    
Bank note payable 265,000 290,000
Term loans payable, less unamortized financing costs of $2,120 and $2,353, respectively 617,880 617,647
Accounts payable and accrued expenses 37,791 49,489
Accrued compensation 1,274 3,726
Tenant security deposits 4,433 4,829
Other liabilities: derivative liability 13,226 8,243
Acquired unfavorable real estate leases, less accumulated amortization of $9,822 and $9,368, respectively 8,697 9,425
Total liabilities $ 948,301 $ 983,359
Commitments and contingencies
Stockholders' Equity:    
Preferred stock, $.0001 par value, 20,000,000 shares authorized, none issued or outstanding
Common stock, $.0001 par value, 180,000,000 shares authorized, 100,187,405 and 100,187,405 shares issued and outstanding, respectively $ 10 $ 10
Additional paid-in capital 1,273,556 1,273,556
Accumulated other comprehensive loss (13,226) (7,111)
Accumulated distributions in excess of accumulated earnings (347,256) (330,799)
Total stockholders' equity 913,084 935,656
Total liabilities and stockholders' equity $ 1,861,385 $ 1,919,015