XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Real estate assets:    
Land $ 172,205 $ 170,021
Buildings and improvements 1,667,507 1,637,066
Fixtures and equipment 2,771 2,528
Total real estate assets, gross 1,842,483 1,809,615
Less accumulated depreciation 315,547 299,991
Real estate assets, net 1,526,936 1,509,624
Acquired real estate leases, less accumulated amortization of $121,865 and $112,844, respectively 104,350 108,046
Investment in non-consolidated REITs 76,289 77,019
Asset held for sale 9,275  
Cash and cash equivalents 7,524 18,163
Restricted cash 3 23
Tenant rent receivables, less allowance for doubtful accounts of $200 and $130, respectively 3,268 2,898
Straight-line rent receivable, less allowance for doubtful accounts of $50 and $50, respectively 50,196 48,502
Prepaid expenses and other assets 5,875 5,484
Related party mortgage loan receivables 79,310 118,641
Other assets: derivative asset   1,132
Office computers and furniture, net of accumulated depreciation of $1,438 and $1,333, respectively 385 484
Deferred leasing commissions, net of accumulated amortization of $21,210 and $20,002, respectively 32,006 28,999
Total assets 1,895,417 1,919,015
Liabilities:    
Bank note payable 310,000 290,000
Term loans payable, less unamortized financing costs of $1,887 and $2,353, respectively 618,113 617,647
Accounts payable and accrued expenses 41,498 49,489
Accrued compensation 2,170 3,726
Tenant security deposits 4,693 4,829
Other liabilities: derivative liability 14,913 8,243
Acquired unfavorable real estate leases, less accumulated amortization of $10,420 and $9,368, respectively 9,047 9,425
Total liabilities 1,000,434 983,359
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 (13,904) (7,111)
Accumulated distributions in excess of accumulated earnings (364,679) (330,799)
Total stockholders' equity 894,983 935,656
Total liabilities and stockholders' equity $ 1,895,417 $ 1,919,015