Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Investments in real estate:
Investments in real estate, at cost	$ 1,280,840	$ 1,249,356
Accumulated depreciation	(59,055)	(51,511)
Investments in real estate, net	1,221,785	1,197,845
Real estate held for sale (see Note 3)	61,102	60,786
Cash and cash equivalents	10,065	20,892
Restricted cash	5,575	5,518
Accounts receivable and other assets	3,794	5,211
Derivative assets	4,292	3,867
Intangible assets, net of accumulated amortization of $55 and $0 respectively	373	118
Total Assets	1,306,986	1,294,237
LIABILITIES AND EQUITY:
Indebtedness, net of unamortized deferred financing costs of $5,858 and $6,371, respectively	765,695	743,817
Accounts payable and accrued expenses	13,154	14,028
Accrued interest payable	540	491
Dividends payable	4,301	4,297
Other liabilities	2,952	2,913
Total Liabilities	786,642	765,546
Stockholders’ equity:
Preferred stock, $0.01 par value; 50,000,000 shares authorized, 0 and 0 shares issued and outstanding, respectively
Common stock, $0.01 par value; 300,000,000 shares authorized, 69,125,681 and 68,996,070 shares issued and outstanding, including 306,266 and 281,000 unvested restricted common share awards, respectively	691	690
Additional paid-in capital	565,006	564,633
Accumulated other comprehensive income	4,097	3,683
Retained earnings (accumulated deficit)	(70,608)	(62,181)
Total stockholders’ equity	499,186	506,825
Noncontrolling interests	21,158	21,866
Total Equity	520,344	528,691
Total Liabilities and Equity	$ 1,306,986	$ 1,294,237