Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Real estate investments:
Land and improvements	$ 1,929,589	$ 1,910,287
Buildings and improvements	3,953,335	3,840,220
Total real estate investments	5,882,924	5,750,507
Less: accumulated depreciation	(736,394)	(717,097)
Net real estate held for investment	5,146,530	5,033,410
Loans receivable, net	30,849	34,465
Intangible lease assets, net	381,398	385,079
Real estate assets under direct financing leases, net	7,300	14,465
Real estate assets held for sale, net	3,126	1,144
Net investments	5,569,203	5,468,563
Cash and cash equivalents	216,692	14,492
Deferred costs and other assets, net	123,674	124,006
Goodwill	225,600	225,600
Total assets	6,135,169	5,832,661
Liabilities:
Revolving credit facilities	500,000	116,500
Senior Unsecured Notes, net	1,484,473	1,484,066
Mortgages and notes payable, net	215,186	216,049
Convertible Notes, net	337,921	336,402
Total debt, net	2,537,580	2,153,017
Intangible lease liabilities, net	124,097	127,335
Accounts payable, accrued expenses and other liabilities	124,084	139,060
Total liabilities	2,785,761	2,419,412
Commitments and contingencies (see Note 6)
Stockholders’ equity:
Preferred stock and paid in capital, $0.01 par value, 20,000,000 shares authorized: 6,900,000 shares issued and outstanding at both March 31, 2020 and December 31, 2019	166,177	166,177
Common stock, $0.05 par value, 175,000,000 shares authorized: 102,942,162 and 102,476,152 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	5,147	5,124
Capital in excess of common stock par value	5,707,271	5,686,247
Accumulated deficit	(2,518,428)	(2,432,838)
Accumulated other comprehensive loss	(10,759)	(11,461)
Total stockholders’ equity	3,349,408	3,413,249
Partnership units
Total liabilities and stockholders’ equity/partners' capital	6,135,169	5,832,661
Spirit Realty, L.P.
Real estate investments:
Land and improvements	1,929,589	1,910,287
Buildings and improvements	3,953,335	3,840,220
Total real estate investments	5,882,924	5,750,507
Less: accumulated depreciation	(736,394)	(717,097)
Net real estate held for investment	5,146,530	5,033,410
Loans receivable, net	30,849	34,465
Intangible lease assets, net	381,398	385,079
Real estate assets under direct financing leases, net	7,300	14,465
Real estate assets held for sale, net	3,126	1,144
Net investments	5,569,203	5,468,563
Cash and cash equivalents	216,692	14,492
Deferred costs and other assets, net	123,674	124,006
Goodwill	225,600	225,600
Total assets	6,135,169	5,832,661
Liabilities:
Revolving credit facilities	500,000	116,500
Senior Unsecured Notes, net	1,484,473	1,484,066
Notes payable to Spirit Realty Capital, Inc., net	337,921	336,402
Mortgages and notes payable, net	215,186	216,049
Total debt, net	2,537,580	2,153,017
Intangible lease liabilities, net	124,097	127,335
Accounts payable, accrued expenses and other liabilities	124,084	139,060
Total liabilities	2,785,761	2,419,412
Commitments and contingencies (see Note 6)
Partnership units
General partner's capital: 797,644 units issued and outstanding as of both March 31, 2020 and December 31, 2019	21,752	22,389
Limited partners' preferred capital: 6,900,000 units issued and outstanding as of both March 31, 2020 and December 31, 2019	166,177	166,177
Limited partners' capital: 102,144,518 and 101,678,508 units issued and outstanding as of March 31, 2020 and December 31, 2019, respectively	3,161,479	3,224,683
Total partners' capital	3,349,408	3,413,249
Total liabilities and stockholders’ equity/partners' capital	$ 6,135,169	$ 5,832,661