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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Investments in real estate    
Land $ 1,094,059 $ 1,055,146
Buildings and improvements 931,215 909,201
Construction in progress 61,183 101,253
Intangible assets 86,210 88,594
Total investments in properties 2,172,667 2,154,194
Accumulated depreciation and amortization (227,294) (208,279)
Net investments in properties 1,945,373 1,945,915
Cash and cash equivalents 155,324 110,082
Restricted cash 690 2,657
Senior secured loan, net 0 15,858
Other assets, net 35,306 33,952
Total assets 2,136,693 2,108,464
Liabilities    
Credit facility 0 0
Term loans payable, net 99,739 99,583
Senior unsecured notes, net 347,966 347,674
Mortgage loans payable, net 11,378 44,318
Security deposits 14,056 14,149
Intangible liabilities, net 24,574 28,127
Dividends payable 19,829 18,158
Performance share awards payable 5,467 11,633
Accounts payable and other liabilities 29,187 27,699
Total liabilities 552,196 591,341
Commitments and contingencies (Note 13)
Stockholders’ equity    
Common stock: $0.01 par value, 400,000,000 shares authorized, and 68,233,344 and 67,252,787 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 684 673
Additional paid-in capital 1,579,344 1,514,266
Common stock held in deferred compensation plan, — and 0 shares at June 30, 2020 and December 31, 2019, respectively (7,546) 0
Retained earnings 12,283 2,621
Accumulated other comprehensive loss (268) (437)
Total stockholders’ equity 1,584,497 1,517,123
Total liabilities and equity $ 2,136,693 $ 2,108,464