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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Real estate assets:    
Land $ 191,578 $ 196,178
Buildings and improvements 1,800,831 1,822,183
Fixtures and equipment 5,017 4,136
Total real estate assets, gross 1,997,426 2,022,497
Less accumulated depreciation 361,720 337,228
Real estate assets, net 1,635,706 1,685,269
Acquired real estate leases, less accumulated amortization of $105,997 and $112,441, respectively 96,282 125,491
Investment in non-consolidated REITs 73,405 75,165
Asset held for sale 31,615 3,871
Cash and cash equivalents 12,647 9,335
Restricted cash 63 31
Tenant rent receivables, less allowance for doubtful accounts of $125 and $100, respectively 3,990 3,113
Straight-line rent receivable, less allowance for doubtful accounts of $50 and $50, respectively 52,272 50,930
Prepaid expenses and other assets 6,282 5,231
Related party mortgage loan receivables 71,985 81,780
Other assets: derivative asset 10,771 12,907
Office computers and furniture, net of accumulated depreciation of $1,390 and $1,277, respectively 319 313
Deferred leasing commissions, net of accumulated amortization of $20,842 and $18,301, respectively 36,348 34,697
Total assets 2,031,685 2,088,133
Liabilities:    
Bank note payable 300,000 280,000
Term loans payable, less unamortized financing costs of $3,817 and $4,783, respectively 766,183 765,217
Accounts payable and accrued expenses 57,593 57,259
Accrued compensation 3,000 3,784
Tenant security deposits 5,431 5,355
Other liabilities: derivative liabilities 3,721 5,551
Acquired unfavorable real estate leases, less accumulated amortization of $7,397 and $8,422, respectively 6,371 8,923
Total liabilities 1,142,299 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 loss 4,954 5,478
Accumulated distributions in excess of accumulated earnings (472,036) (399,902)
Total stockholders' equity 889,386 962,044
Total liabilities and stockholders' equity $ 2,031,685 $ 2,088,133