CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Real estate properties:
Land	$ 257,746	$ 253,058
Buildings and improvements	1,518,845	1,443,074
Total real estate properties, gross	1,776,591	1,696,132
Accumulated depreciation	(275,401)	(255,879)
Total real estate properties, net	1,501,190	1,440,253
Equity investment in Select Income REIT	492,762	491,369
Assets of discontinued operations	12,482	12,468
Assets of property held for sale	3,095	3,098
Acquired real estate leases, net	113,230	118,267
Cash and cash equivalents	9,021	8,785
Restricted cash	344	1,022
Rents receivable, net	46,592	45,269
Deferred leasing costs, net	20,214	14,299
Other assets, net	52,280	33,680
Total assets	2,251,210	2,168,510
LIABILITIES AND SHAREHOLDERS' EQUITY
Unsecured revolving credit facility		117,000
Unsecured term loans, net	546,830	546,490
Senior unsecured notes, net	646,272	345,809
Mortgage notes payable, net	28,655	136,299
Liabilities of discontinued operations	83	54
Liabilities of property held for sale	12	43
Accounts payable and other liabilities	56,687	50,543
Due to related persons	3,578	2,886
Assumed real estate lease obligations, net	11,881	12,735
Total liabilities	1,293,998	1,211,859
Commitments and contingencies
Shareholders' equity:
Common shares of beneficial interest, $.01 par value: 100,000,000 shares authorized, 71,138,808 and 71,126,308 shares issued and outstanding, respectively	711	711
Additional paid in capital	1,472,754	1,472,482
Cumulative net income	72,686	38,486
Cumulative other comprehensive income (loss)	12,391	(14,867)
Cumulative common distributions	(601,330)	(540,161)
Total shareholders' equity	957,212	956,651
Total liabilities and shareholders' equity	$ 2,251,210	$ 2,168,510