Consolidated Balance Sheets (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Investments in real estate
Real estate — Land, buildings and improvements	$ 2,827,416	$ 2,772,611
Operating real estate — Land, buildings and improvements	345,682	340,772
Net investments in direct financing leases	510,916	509,228
In-place lease intangible assets	636,545	629,961
Other intangible assets	112,696	111,004
Investments in real estate	4,433,255	4,363,576
Accumulated depreciation and amortization	(663,004)	(626,655)
Net investments in real estate	3,770,251	3,736,921
Equity investments in real estate	413,345	409,254
Cash and cash equivalents	102,402	119,094
Other assets, net	307,126	322,201
Total assets	4,593,124	4,587,470
Debt:
Mortgage debt, net	1,853,541	1,849,459
Senior Credit Facility, net	92,323	101,931
Debt, net	1,945,864	1,951,390
Accounts payable, accrued expenses and other liabilities	129,426	132,751
Below-market rent and other intangible liabilities, net	60,554	61,222
Deferred income taxes	27,907	30,524
Due to affiliates	9,955	11,467
Distributions payable	57,121	56,859
Total liabilities	2,230,827	2,244,213
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 351,499,230 and 349,899,827 shares, respectively, issued and outstanding	351	349
Additional paid-in capital	3,191,993	3,174,786
Distributions in excess of accumulated earnings	(883,635)	(861,319)
Accumulated other comprehensive loss	(54,364)	(78,420)
Total stockholders’ equity	2,254,345	2,235,396
Noncontrolling interests	107,952	107,861
Total equity	2,362,297	2,343,257
Total liabilities and equity	$ 4,593,124	$ 4,587,470