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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Real estate assets:    
Land $ 196,178 $ 196,178
Buildings and improvements 1,836,073 1,822,183
Fixtures and equipment 4,600 4,136
Total real estate assets, gross 2,036,851 2,022,497
Less accumulated depreciation 350,697 337,228
Real estate assets, net 1,686,154 1,685,269
Acquired real estate leases, less accumulated amortization of $108,771 and $112,441, respectively 115,471 125,491
Investment in non-consolidated REITs 74,423 75,165
Asset held for sale   3,871
Cash and cash equivalents 11,143 9,335
Restricted cash 31 31
Tenant rent receivables, less allowance for doubtful accounts of $100 and $100, respectively 3,785 3,113
Straight-line rent receivable, less allowance for doubtful accounts of $50 and $50, respectively 52,304 50,930
Prepaid expenses and other assets 4,946 5,231
Related party mortgage loan receivable 81,515 81,780
Other assets: derivative asset 13,603 12,907
Office computers and furniture, net of accumulated depreciation of $1,315 and $1,277, respectively 275 313
Deferred leasing commissions, net of accumulated amortization of $19,561 and $18,301, respectively 34,636 34,697
Total assets 2,078,286 2,088,133
Liabilities:    
Bank note payable 295,000 280,000
Term loans payable, less unamortized financing costs of $4,461 and $4,783, respectively 765,539 765,217
Accounts payable and accrued expenses 50,529 57,259
Accrued compensation 1,259 3,784
Tenant security deposits 5,441 5,355
Other liabilities: derivative liabilities 4,351 5,551
Acquired unfavorable real estate leases, less accumulated amortization of $8,584 and $8,422, respectively 8,144 8,923
Total liabilities 1,130,263 1,126,089
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, 107,231,155 and 107,231,155 shares issued and outstanding, respectively 11 11
Additional paid-in capital 1,356,457 1,356,457
Accumulated other comprehensive income (loss) 7,351 5,478
Distributions in excess of accumulated earnings (415,796) (399,902)
Total stockholders' equity 948,023 962,044
Total liabilities and stockholders' equity $ 2,078,286 $ 2,088,133