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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Real estate properties:    
Land $ 253,058 $ 254,008
Buildings and improvements 1,433,993 1,428,472
Total real estate properties, gross 1,687,051 1,682,480
Accumulated depreciation (246,191) (219,791)
Total real estate properties, net 1,440,860 1,462,689
Equity investment in Select Income REIT 511,872 680,137
Assets of discontinued operations 12,463 13,165
Assets of property held for sale 3,079 32,797
Acquired real estate leases, net 125,898 150,080
Cash and cash equivalents 11,306 13,791
Restricted cash 1,330 2,280
Rents receivable, net 40,923 36,239
Deferred leasing costs, net 12,616 11,450
Deferred financing costs, net 10,587 12,782
Other assets, net 56,104 12,205
Total assets 2,227,038 2,427,615
LIABILITIES AND SHAREHOLDERS' EQUITY    
Unsecured revolving credit facility 114,000  
Unsecured term loans 550,000 550,000
Senior unsecured notes, net of discount 347,842 347,423
Mortgage notes payable, including premiums 137,569 187,694
Liabilities of discontinued operations 95 150
Liabilities of property held for sale 35 343
Accounts payable and accrued expenses 48,747 26,471
Due to related persons 1,793 2,161
Assumed real estate lease obligations, net 13,513 15,924
Total liabilities $ 1,213,594 $ 1,130,166
Commitments and contingencies
Shareholders' equity:    
Common shares of beneficial interest, $.01 par value: 100,000,000 shares authorized, 71,126,308 and 70,349,227 shares issued and outstanding, respectively $ 711 $ 703
Additional paid in capital 1,472,480 1,457,631
Cumulative net income 40,825 248,447
Cumulative other comprehensive income (loss) (129) 37
Cumulative common distributions (500,443) (409,369)
Total shareholders' equity 1,013,444 1,297,449
Total liabilities and shareholders' equity $ 2,227,038 $ 2,427,615