CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets:
Land	$ 506,389	$ 470,432
Buildings and improvements, less accumulated depreciation of $797,573 and $718,070 as of December 31, 2019 and December 31, 2018, respectively	2,325,222	2,121,570
Intangible lease assets, less accumulated amortization of $78,204 and $87,391 as of December 31, 2019 and December 31, 2018, respectively	80,979	77,676
Construction in progress	29,920	15,848
Real estate assets held for sale, net	0	331,068
Total real estate assets	2,942,510	3,016,594
Cash and cash equivalents	13,545	4,571
Tenant receivables	8,226	10,800
Straight-line rent receivables	151,118	136,762
Restricted cash and escrows	1,841	1,463
Prepaid expenses and other assets	25,427	24,691
Goodwill	98,918	98,918
Interest rate swaps	0	1,199
Deferred lease costs, less accumulated amortization of $182,281 and $176,919 as of December 31, 2019 and December 31, 2018, respectively	275,172	236,198
Other assets held for sale, net	0	61,233
Total assets	3,516,757	3,592,429
Liabilities:
Unsecured debt, net of discount and unamortized debt issuance costs of $7,626 and $9,879 as of December 31, 2019 and December 31, 2018, respectively	1,292,374	1,495,121
Secured debt, inclusive of premiums and unamortized debt issuance costs of $343 and $645 as of December 31, 2019 and December 31, 2018, respectively	189,030	190,351
Accounts payable, accrued expenses, and accrued capital expenditures	117,496	93,739
Dividends payable	26,427	26,972
Deferred income	34,609	28,779
Intangible lease liabilities, less accumulated amortization of $51,566 and $59,144 as of December 31, 2019 and December 31, 2018, respectively	32,726	35,708
Interest rate swaps	5,121	839
Other liabilities held for sale, net	0	8,780
Total liabilities	1,697,783	1,880,289
Commitments and Contingencies (Note 8)	0	0
Stockholders' Equity:
Shares-in-trust, 150,000,000 shares authorized, none outstanding as of December 31, 2019 or December 31, 2018	0	0
Preferred stock, no par value, 100,000,000 shares authorized, none outstanding as of December 31, 2019 or December 31, 2018	0	0
Common stock, $0.01 par value; 750,000,000 shares authorized, 125,783,408 shares issued and outstanding as of December 31, 2019; and 126,218,554 shares issued and outstanding at December 31, 2018	1,258	1,262
Additional paid-in capital	3,686,398	3,683,186
Cumulative distributions in excess of earnings	(1,871,375)	(1,982,542)
Other comprehensive income	967	8,462
Piedmont stockholders’ equity	1,817,248	1,710,368
Noncontrolling interest	1,726	1,772
Total stockholders’ equity	1,818,974	1,712,140
Total liabilities and stockholders’ equity	$ 3,516,757	$ 3,592,429