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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Real estate assets:    
Land $ 191,578 $ 196,178
Buildings and improvements 1,811,631 1,822,183
Fixtures and equipment 5,614 4,136
Total real estate assets, gross 2,008,823 2,022,497
Less accumulated depreciation 376,131 337,228
Real estate assets, net 1,632,692 1,685,269
Acquired real estate leases, less accumulated amortization of $109,771 and $112,441, respectively 86,520 125,491
Investment in non-consolidated REITs 70,164 75,165
Asset held for sale   3,871
Cash and cash equivalents 9,773 9,335
Restricted cash 46 31
Tenant rent receivables, less allowance for doubtful accounts of $250 and $100, respectively 3,123 3,113
Straight-line rent receivable, less allowance for doubtful accounts of $50 and $50, respectively 53,194 50,930
Prepaid expenses and other assets 8,387 5,231
Other assets: derivative asset 13,925 12,907
Related party mortgage loan receivables 71,720 81,780
Office computers and furniture, net of accumulated depreciation of $1,420 and $1,277, respectively 289 313
Deferred leasing commissions, net of accumulated amortization of $22,276 and $18,301, respectively 40,679 34,697
Total assets 1,990,512 2,088,133
Liabilities:    
Bank note payable 78,000 280,000
Term loans payable, less unamortized financing costs of $5,099 and $4,783, respectively 764,901 765,217
Series A and Series B Senior Notes, less unamortized financing costs of $1,308 198,692  
Accounts payable and accrued expenses 61,039 57,259
Accrued compensation 3,641 3,784
Tenant security deposits 5,383 5,355
Other liabilities: derivative liabilities 1,759 5,551
Acquired unfavorable real estate leases, less accumulated amortization of $7,638 and $8,422, respectively 5,805 8,923
Total liabilities 1,119,220 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) 12,166 5,478
Distributions in excess of accumulated earnings (497,342) (399,902)
Total stockholders' equity 871,292 962,044
Total liabilities and stockholders' equity $ 1,990,512 $ 2,088,133