Consolidated Balance Sheets (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Investments in real estate
Real estate — Land, buildings and improvements	$ 2,753,505	$ 2,745,424
Operating real estate — Land, buildings and improvements	259,949	258,971
Net investments in direct financing leases	508,511	508,392
In-place lease intangible assets	627,385	620,149
Other intangible assets	110,133	103,918
Assets held for sale	0	14,850
Investments in real estate	4,259,483	4,251,704
Accumulated depreciation and amortization	(593,753)	(506,238)
Net investments in real estate	3,665,730	3,745,466
Equity investments in real estate	532,132	451,105
Cash and cash equivalents	161,183	273,635
Other assets, net	287,071	228,717
Total assets	4,646,116	4,698,923
Debt:
Mortgage debt, net	1,946,726	2,022,250
Senior Credit Facility, net	49,863	49,751
Debt, net	1,996,589	2,072,001
Accounts payable, accrued expenses and other liabilities	125,697	128,911
Below-market rent and other intangible liabilities, net	62,012	82,799
Deferred income taxes	35,529	32,655
Due to affiliates	10,579	11,723
Distributions payable	56,605	55,830
Total liabilities	2,287,011	2,383,919
Commitments and contingencies (Note 11)
Preferred stock, $0.001 par value; 50,000,000 shares authorized; none issued	0	0
Common stock, $0.001 par value; 900,000,000 shares authorized; and 348,318,611 and 343,575,840 shares, respectively, issued and outstanding	348	343
Additional paid-in capital	3,157,802	3,106,456
Distributions in excess of accumulated earnings	(808,200)	(732,613)
Accumulated other comprehensive loss	(90,220)	(156,676)
Total stockholders’ equity	2,259,730	2,217,510
Noncontrolling interests	99,375	97,494
Total equity	2,359,105	2,315,004
Total liabilities and equity	$ 4,646,116	$ 4,698,923