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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Real estate assets:    
Land $ 189,155 $ 191,578
Buildings and improvements 1,938,629 1,924,664
Fixtures and equipment 12,949 11,665
Total real estate assets, gross 2,140,733 2,127,907
Less accumulated depreciation 538,717 490,697
Real estate assets, net 1,602,016 1,637,210
Acquired real estate leases, less accumulated amortization of $55,447 and $60,749, respectively 28,206 40,704
Cash, cash equivalents and restricted cash 4,150 9,790
Tenant rent receivables 7,656 3,851
Straight-line rent receivable 67,789 66,881
Prepaid expenses and other assets 5,752 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 $1,443 and $1,362, respectively 163 183
Deferred leasing commissions, net of accumulated amortization of $30,411 and $28,114, respectively 56,452 52,767
Total assets 1,793,184 1,842,654
Liabilities:    
Bank note payable 3,500  
Term loans payable, less unamortized financing costs of $2,677 and $4,267, respectively 717,323 765,733
Series A & Series B Senior Notes, less unamortized financing costs of $822 and $985, respectively 199,178 199,015
Accounts payable and accrued expenses 72,058 66,658
Accrued compensation 3,918 3,400
Tenant security deposits 8,677 9,346
Lease liability 1,536 1,890
Other liabilities: derivative liabilities 17,311 7,704
Acquired unfavorable real estate leases, less accumulated amortization of $4,031 and $4,676, respectively 1,592 2,512
Total liabilities 1,025,093 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) (17,311) (4,682)
Distributions in excess of accumulated earnings (571,740) (565,727)
Total stockholders' equity 768,091 786,396
Total liabilities and stockholders' equity $ 1,793,184 $ 1,842,654