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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Real estate:    
Land ($4,280 and $4,280, respectively, related to VIE) $ 173,467 $ 153,998
Buildings and improvements, less accumulated depreciation of $76,056 and $52,779, respectively ($86,592 and $87,850, respectively, related to VIE) 1,664,849 1,584,726
Construction in process 74,442 53,552
Acquired intangible assets, less accumulated amortization of $30,865 and $21,765, respectively ($10,490 and $11,314, respectively, related to VIE) 211,865 204,511
Total real estate, net ($101,362 and $103,444, respectively, related to VIE) 2,124,623 1,996,787
Cash and cash equivalents ($2,820 and $1,397, respectively, related to VIE) 31,496 113,093
Real estate-related notes receivables 10,014 23,535
Preferred equity investment 127,147 0
Other assets ($5,796 and $5,126, respectively, related to VIE) 79,368 57,427
Total assets 2,372,648 2,190,842
Liabilities:    
Notes payable ($52,652 and $53,031, respectively, related to VIE) 549,825 490,909
Credit facility 208,000 75,000
Accounts payable due to affiliates ($29 and $17, respectively, related to VIE) 2,209 1,833
Accounts payable and other liabilities ($1,396 and $1,473, respectively, related to VIE) 34,453 31,829
Intangible lease liabilities, less accumulated amortization of $13,722 and $10,774, respectively ($13,463 and $14,445, respectively, related to VIE) 58,600 60,678
Total liabilities $ 853,087 $ 660,249
Stockholders’ equity:    
Preferred stock, $0.01 par value per share, 50,000,000 shares authorized; none issued and outstanding    
Common stock, $0.01 par value per share, 300,000,000 shares authorized; 179,095,108 and 175,561,681 shares issued, respectively; 178,239,048 and 175,038,055 shares outstanding, respectively $ 1,782 $ 1,750
Additional paid-in capital 1,587,943 1,557,623
Accumulated distributions in excess of earnings (132,926) (100,273)
Accumulated other comprehensive loss (1,997) (1,161)
Total stockholders’ equity 1,454,802 1,457,939
Noncontrolling interests 64,759 72,654
Total equity 1,519,561 1,530,593
Total liabilities and stockholders’ equity $ 2,372,648 $ 2,190,842