CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Real estate properties:
Land	$ 269,410	$ 267,855
Buildings and improvements	1,640,096	1,620,905
Total real estate properties, gross	1,909,506	1,888,760
Accumulated depreciation	(308,241)	(296,804)
Total real estate properties, net	1,601,265	1,591,956
Equity investment in Select Income REIT	482,103	487,708
Assets of discontinued operations	12,538	12,541
Acquired real estate leases, net	118,065	124,848
Cash and cash equivalents	12,808	29,941
Restricted cash	703	530
Rents receivable, net	50,459	48,458
Deferred leasing costs, net	21,232	21,079
Other assets, net	77,877	68,005
Total assets	2,377,050	2,385,066
LIABILITIES AND SHAREHOLDERS’ EQUITY
Unsecured revolving credit facility	160,000	160,000
Unsecured term loans, net	547,341	547,171
Senior unsecured notes, net	647,213	646,844
Mortgage notes payable, net	27,415	27,837
Liabilities of discontinued operations	52	45
Accounts payable and other liabilities	52,762	54,019
Due to related persons	3,672	3,520
Assumed real estate lease obligations, net	10,025	10,626
Total liabilities	1,448,480	1,450,062
Commitments and contingencies
Shareholders’ equity:
Common shares of beneficial interest, $.01 par value: 100,000,000 shares authorized, 71,177,906 shares issued and outstanding	712	712
Additional paid in capital	1,473,533	1,473,533
Cumulative net income	103,744	96,329
Cumulative other comprehensive income	43,714	26,957
Cumulative common distributions	(693,133)	(662,527)
Total shareholders’ equity	928,570	935,004
Total liabilities and shareholders’ equity	$ 2,377,050	$ 2,385,066