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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Real estate assets:    
Land $ 191,578 $ 191,578
Buildings and improvements 1,941,952 1,924,664
Fixtures and equipment 11,917 11,665
Total real estate assets, gross 2,145,447 2,127,907
Less accumulated depreciation 506,251 490,697
Real estate assets, net 1,639,196 1,637,210
Acquired real estate leases, less accumulated amortization of $61,736 and $60,749, respectively 37,270 40,704
Cash, cash equivalents and restricted cash 17,283 9,790
Tenant rent receivables 3,609 3,851
Straight-line rent receivable 68,317 66,881
Prepaid expenses and other assets 7,486 7,246
Other assets: derivative asset   3,022
Related party mortgage loan receivable 21,000 21,000
Office computers and furniture, net of accumulated depreciation of $1,386 and $1,362, respectively 215 183
Deferred leasing commissions, net of accumulated amortization of $29,967 and $28,114, respectively 53,251 52,767
Total assets 1,847,627 1,842,654
Liabilities:    
Bank note payable 30,000  
Term loans payable, less unamortized financing costs of $3,876 and $4,267, respectively 766,124 765,733
Series A & Series B Senior Notes, less unamortized financing costs of $945 and $985, respectively 199,055 199,015
Accounts payable and accrued expenses 57,076 66,658
Accrued compensation 1,335 3,400
Tenant security deposits 9,615 9,346
Lease liability 1,803 1,890
Other liabilities: derivative liabilities 23,035 7,704
Acquired unfavorable real estate leases, less accumulated amortization of $4,794 and $4,676, respectively 2,266 2,512
Total liabilities 1,090,309 1,056,258
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, 107,269,201 and 107,269,201 shares issued and outstanding, respectively 11 11
Additional paid-in capital 1,356,794 1,356,794
Accumulated other comprehensive income (loss) (23,035) (4,682)
Distributions in excess of accumulated earnings (576,452) (565,727)
Total stockholders' equity 757,318 786,396
Total liabilities and stockholders' equity $ 1,847,627 $ 1,842,654