CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Land and land improvements	$ 116,102	$ 114,666
Building and improvements	686,188	676,228
Construction in progress	17,017	11,134
Real estate investments	819,307	802,028
Less accumulated depreciation	(150,822)	(146,316)
Real estate investments, net	668,485	655,712
Cash and cash equivalents	4,295	9,002
Restricted deposits	11,398	8,380
Investment in unconsolidated affiliates	7,848	7,915
Note receivable	1,300	1,300
Lease intangible assets, less accumulated amortization of $15,429 in 2020 and $15,558 in 2019	8,395	9,133
Other assets, net	6,218	8,244
Total Assets	707,939	699,686
LIABILITIES
Mortgage notes payable, net	395,074	393,164
Dividends payable	7,358	7,118
Tenant security deposits payable	4,648	4,439
Lease intangible liabilities, less accumulated amortization of $1,916 in 2020 and $1,881 in 2019	1,151	1,207
Accrued expenses and other liabilities	13,697	14,711
Total Liabilities	421,928	420,639
COMMITMENTS and CONTINGENCIES - Note 16
SHAREHOLDERS' EQUITY
Beneficial interest	103,750	102,373
Noncontrolling interest in Operating partnership	181,299	174,221
Partially owned properties	2,411	2,416
Accumulated other comprehensive loss	(1,449)	37
Total Shareholders' Equity	286,011	279,047
Total liabilities and shareholders' equity	$ 707,939	$ 699,686