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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Real estate assets:    
Land $ 170,377 $ 189,155
Buildings and improvements 1,731,690 1,938,629
Fixtures and equipment 11,643 12,949
Total real estate assets, gross 1,913,710 2,140,733
Less accumulated depreciation 500,163 538,717
Real estate assets, net 1,413,547 1,602,016
Acquired real estate leases, less accumulated amortization of $50,431 and $55,447, respectively 21,932 28,206
Cash, cash equivalents and restricted cash 24,180 4,150
Tenant rent receivables 3,116 7,656
Straight-line rent receivable 61,475 67,789
Prepaid expenses and other assets 5,405 5,752
Related party mortgage loan receivable 21,000 21,000
Office computers and furniture, net of accumulated depreciation of $1,166 and $1,443, respectively 167 163
Deferred leasing commissions, net of accumulated amortization of $24,840 and $30,411, respectively 49,793 56,452
Total assets 1,600,615 1,793,184
Liabilities:    
Bank note payable   3,500
Term loans payable, less unamortized financing costs of $1,849 and $2,677, respectively 563,151 717,323
Series A & Series B Senior Notes, less unamortized financing costs of $740 and $822, respectively 199,260 199,178
Accounts payable and accrued expenses 50,799 72,058
Accrued compensation 2,309 3,918
Tenant security deposits 6,807 8,677
Lease liability 1,350 1,536
Other liabilities: derivative liabilities 9,425 17,311
Acquired unfavorable real estate leases, less accumulated amortization of $3,320 and $4,031, respectively 829 1,592
Total liabilities 833,930 1,025,093
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, 107,394,763 and 107,328,199 shares issued and outstanding, respectively 11 11
Additional paid-in capital 1,357,469 1,357,131
Accumulated other comprehensive income (9,425) (17,311)
Accumulated distributions in excess of accumulated earnings (581,370) (571,740)
Total stockholders' equity 766,685 768,091
Total liabilities and stockholders' equity $ 1,600,615 $ 1,793,184