Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Investments in real estate
Land	$ 1,138,233	$ 1,055,146
Buildings and improvements	942,688	909,201
Construction in progress	61,448	101,253
Intangible assets	88,859	88,594
Total investments in properties	2,231,228	2,154,194
Accumulated depreciation and amortization	(238,073)	(208,279)
Net investments in real estate	1,993,155	1,945,915
Cash and cash equivalents	107,180	110,082
Restricted cash	656	2,657
Senior Secured Loan, carrying value	0	15,858
Other assets, net	38,829	33,952
Total assets	2,139,820	2,108,464
Liabilities
Credit facility	0	0
Term loan payable, net	99,791	99,583
Senior unsecured notes, net	348,063	347,674
Mortgage loans payable, net	11,264	44,318
Security deposits	13,870	14,149
Intangible liabilities, net	24,608	28,127
Dividends payable	19,870	18,158
Performance share awards payable	7,482	11,633
Accounts payable and other liabilities	26,688	27,699
Total liabilities	551,636	591,341
Commitments and contingencies (Note 14)
Stockholders’ equity
Common stock: $0.01 par value, 400,000,000 shares authorized, and 68,376,364 and 67,252,787 shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively	686	673
Additional paid-in capital	1,589,301	1,514,266
Common stock held in deferred compensation plan, 139,224 and 0 shares at December 31, 2020 and December 31, 2019, respectively	(7,546)	0
Retained earnings	5,926	2,621
Accumulated other comprehensive loss	(183)	(437)
Total stockholders’ equity	1,588,184	1,517,123
Total liabilities and equity	$ 2,139,820	$ 2,108,464