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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Real estate properties:    
Land $ 875,019 $ 924,164
Buildings and improvements 2,941,375 3,020,472
Total real estate properties, gross 3,816,394 3,944,636
Accumulated depreciation (394,060) (375,147)
Total real estate properties, net 3,422,334 3,569,489
Assets of properties held for sale 126,014 253,501
Investments in unconsolidated joint ventures 41,634 43,665
Acquired real estate leases, net 924,594 1,056,558
Cash and cash equivalents 21,102 35,349
Restricted cash 3,583 3,594
Rents receivable, net 70,639 72,051
Deferred leasing costs, net 34,697 25,672
Other assets, net 159,725 178,704
Total assets 4,804,322 5,238,583
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Unsecured revolving credit facility 65,000 175,000
Unsecured term loans, net 169,827 387,152
Senior unsecured notes, net 2,362,629 2,357,497
Mortgage notes payable, net 325,293 335,241
Liabilities of properties held for sale 1,953 4,271
Accounts payable and other liabilities 159,055 145,536
Due to related persons 6,593 34,887
Assumed real estate lease obligations, net 17,486 20,031
Total liabilities 3,107,836 3,459,615
Commitments and contingencies
Shareholders’ equity:    
Common shares of beneficial interest, $.01 par value: 200,000,000 shares authorized, 48,113,444 and 48,082,903 shares issued and outstanding, respectively 481 481
Additional paid in capital 2,611,570 2,609,801
Cumulative net income 116,127 146,882
Cumulative other comprehensive income (loss) (495) 106
Cumulative common distributions (1,031,197) (978,302)
Total shareholders’ equity 1,696,486 1,778,968
Total liabilities and shareholders’ equity $ 4,804,322 $ 5,238,583