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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Real estate assets:    
Land $ 191,578 $ 191,578
Buildings and improvements 1,964,308 1,924,664
Fixtures and equipment 12,250 11,665
Total real estate assets, gross 2,168,136 2,127,907
Less accumulated depreciation 522,238 490,697
Real estate assets, net 1,645,898 1,637,210
Acquired real estate leases, less accumulated amortization of $60,469 and $60,749, respectively 34,022 40,704
Cash, cash equivalents and restricted cash 2,890 9,790
Tenant rent receivables 4,192 3,851
Straight-line rent receivable 69,062 66,881
Prepaid expenses and other assets 6,506 7,246
Related party mortgage loan receivables 21,000 21,000
Other assets: derivative asset   3,022
Office computers and furniture, net of accumulated depreciation of $1,409 and $1,362, respectively 196 183
Deferred leasing commissions, net of accumulated amortization of $30,958 and $28,114, respectively 51,669 52,767
Total assets 1,835,435 1,842,654
Liabilities:    
Bank note payable 30,000  
Term loans payable, less unamortized financing costs of $3,507 and $4,267, respectively 766,493 765,733
Series A & Series B Senior Notes, less unamortized financing costs of $904 and $985, respectively 199,096 199,015
Accounts payable and accrued expenses 55,712 66,658
Accrued compensation 2,278 3,400
Tenant security deposits 9,155 9,346
Lease liability 1,716 1,890
Other liabilities: derivative liabilities 22,958 7,704
Acquired unfavorable real estate leases, less accumulated amortization of $4,804 and $4,676, respectively 2,024 2,512
Total liabilities 1,089,432 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, 107,328,199 and 107,269,201 shares issued and outstanding, respectively 11 11
Additional paid-in capital 1,357,131 1,356,794
Accumulated other comprehensive income (loss) (22,958) (4,682)
Accumulated distributions in excess of accumulated earnings (588,181) (565,727)
Total stockholders' equity 746,003 786,396
Total liabilities and stockholders' equity $ 1,835,435 $ 1,842,654