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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Real estate properties:    
Land $ 840,931 $ 840,550
Buildings and improvements 2,685,988 2,652,681
Total real estate properties, gross 3,526,919 3,493,231
Accumulated depreciation (436,346) (387,656)
Total real estate properties, net 3,090,573 3,105,575
Assets of properties held for sale 20,716 70,877
Investments in unconsolidated joint ventures 38,533 39,756
Acquired real estate leases, net 604,233 732,382
Cash and cash equivalents 45,035 93,744
Restricted cash 12,604 6,952
Rents receivable 100,363 83,556
Deferred leasing costs, net 44,485 40,107
Other assets, net 16,503 20,187
Total assets 3,973,045 4,193,136
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Unsecured revolving credit facility 0 0
Senior unsecured notes, net 2,031,197 2,017,379
Mortgage notes payable, net 170,244 309,946
Liabilities of properties held for sale 331 14,693
Accounts payable and other liabilities 116,047 125,048
Due to related persons 7,349 7,141
Assumed real estate lease obligations, net 11,205 13,175
Total liabilities 2,336,373 2,487,382
Commitments and contingencies
Shareholders’ equity:    
Common shares of beneficial interest, $0.01 par value: 200,000,000 shares authorized, 48,318,366 and 48,201,941 shares issued and outstanding, respectively 483 482
Additional paid in capital 2,614,346 2,612,425
Cumulative net income 185,559 177,217
Cumulative other comprehensive loss 0 (200)
Cumulative common distributions (1,163,716) (1,084,170)
Total shareholders’ equity 1,636,672 1,705,754
Total liabilities and shareholders’ equity $ 3,973,045 $ 4,193,136