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CONSOLIDATED BALANCE SHEET
$ in Thousands
Dec. 31, 2019
USD ($)
Real estate:  
Land $ 118,955
Buildings and improvements 590,950
Tenant origination and absorption costs 28,025
Total real estate held for investment, cost 737,930
Less accumulated depreciation and amortization (141,323)
Total real estate held for investment, net 596,607
Real estate held for sale, net 270,124
Total real estate, net 866,731
Cash and cash equivalents 31,674
Restricted cash 15,208
Rents and other receivables, net 82,470
Above-market leases, net 150
Assets related to real estate held for sale 39,975
Prepaid expenses and other assets 22,841
Total assets 1,059,049
Notes payable:  
Notes payable, net 300,780
Notes payable related to real estate held for sale, net 115,827
Total notes payable, net 416,607
Accounts payable and accrued liabilities 68,539
Due to affiliate 59
Below-market leases, net 164
Liabilities related to real estate held for sale 10,012
Other liabilities 16,445
Total liabilities 511,826
Commitments and contingencies (Note 9)
Redeemable common stock 10,000
Stockholders’ equity:  
Preferred stock, $.01 par value; 10,000,000 shares authorized, no shares issued and outstanding 0
Common stock, $.01 par value; 1,000,000,000 shares authorized, 185,302,037 shares issued and outstanding as of December 31, 2019 1,853
Additional paid-in capital 1,662,555
Cumulative distributions in excess of net income (1,127,185)
Total stockholders’ equity 537,223
Total liabilities and stockholders’ equity $ 1,059,049