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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Real estate properties:    
Land $ 448,714 $ 627,108
Buildings and improvements 2,050,365 2,348,613
Total real estate properties, gross 2,499,079 2,975,721
Accumulated depreciation (363,490) (341,848)
Total real estate properties, net 2,135,589 2,633,873
Assets of discontinued operations - Equity investment in Select Income REIT 453,275 467,499
Assets of properties held for sale 408,626 0
Investment in unconsolidated joint ventures 45,161 50,202
Acquired real estate leases, net 215,938 351,872
Cash and cash equivalents 9,644 16,569
Restricted cash 2,354 3,111
Rents receivable, net 55,297 61,429
Deferred leasing costs, net 22,181 22,977
Other assets, net 136,360 96,033
Total assets 3,484,425 3,703,565
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Unsecured revolving credit facility 467,000 570,000
Unsecured term loans, net 548,363 547,852
Senior unsecured notes, net 945,948 944,140
Mortgage notes payable, net 176,828 183,100
Liabilities of properties held for sale 9,998 0
Accounts payable and other liabilities 64,868 89,440
Due to related persons 23,300 4,859
Assumed real estate lease obligations, net 8,759 13,635
Total liabilities 2,245,064 2,353,026
Commitments and contingencies
Preferred units of limited partnership 0 20,496
Shareholders’ equity:    
Common shares of beneficial interest, $.01 par value: 150,000,000 shares authorized, 99,205,199 and 99,145,921 shares issued and outstanding, respectively 992 991
Additional paid in capital 1,969,168 1,968,217
Cumulative net income 204,579 108,144
Cumulative other comprehensive income 265 60,427
Cumulative common distributions (935,643) (807,736)
Total shareholders’ equity 1,239,361 1,330,043
Total liabilities and shareholders’ equity $ 3,484,425 $ 3,703,565