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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Real estate assets:    
Land $ 191,578 $ 196,178
Buildings and improvements 1,792,784 1,822,183
Fixtures and equipment 4,841 4,136
Total real estate assets, gross 1,989,203 2,022,497
Less accumulated depreciation 348,652 337,228
Real estate assets, net 1,640,551 1,685,269
Acquired real estate leases, less accumulated amortization of $110,348 and $112,441, respectively 105,811 125,491
Investment in non-consolidated REITs 73,876 75,165
Asset held for sale 31,868 3,871
Cash and cash equivalents 11,537 9,335
Restricted cash 86 31
Tenant rent receivables, less allowance for doubtful accounts of $125 and $100, respectively 4,706 3,113
Straight-line rent receivable, less allowance for doubtful accounts of $50 and $50, respectively 51,590 50,930
Prepaid expenses and other assets 5,124 5,231
Related party mortgage loan receivable 72,250 81,780
Other assets: derivative asset 11,333 12,907
Office computers and furniture, net of accumulated depreciation of $1,352 and $1,277, respectively 287 313
Deferred leasing commissions, net of accumulated amortization of $19,465 and $18,301, respectively 33,548 34,697
Total assets 2,042,567 2,088,133
Liabilities:    
Bank note payable 295,000 280,000
Term loans payable, less unamortized financing costs of $4,139 and $4,783, respectively 765,861 765,217
Accounts payable and accrued expenses 55,241 57,259
Accrued compensation 1,929 3,784
Tenant security deposits 5,367 5,355
Other liabilities: derivative liabilities 4,364 5,551
Acquired unfavorable real estate leases, less accumulated amortization of $7,308 and $8,422, respectively 6,961 8,923
Total liabilities 1,134,723 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) 4,940 5,478
Accumulated distributions in excess of accumulated earnings (453,564) (399,902)
Total stockholders' equity 907,844 962,044
Total liabilities and stockholders' equity $ 2,042,567 $ 2,088,133