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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Real estate:    
Land ($4,280 and $4,280, respectively, related to VIE) $ 181,960 $ 177,179
Buildings and improvements, less accumulated depreciation of $125,661 and $100,142, respectively ($85,125 and $86,200, respectively, related to VIE) 1,813,293 1,749,571
Construction in process 11,644 9,438
Total real estate, net ($89,405 and $90,480, respectively, related to VIE) 2,006,897 1,936,188
Cash and cash equivalents ($356 and $1,060, respectively, related to VIE) 30,099 28,527
Preferred equity investment 127,147 127,147
Acquired intangible assets, less accumulated amortization of $46,129 and $37,374, respectively ($6,849 and $7,416, respectively, related to VIE) 201,710 197,530
Other assets ($9,520 and $6,651, respectively, related to VIE) 113,529 93,048
Total assets 2,479,382 2,382,440
Liabilities:    
Notes payable, net of deferred financing costs of $3,334 and $4,261, respectively ($51,667 and $52,271, respectively, related to VIE) 502,645 539,071
Credit facility, net of deferred financing costs of $2,190 and $2,544, respectively 425,810 290,456
Accounts payable due to affiliates ($39 and $41, respectively, related to VIE) 2,306 2,164
Accounts payable and other liabilities ($2,400 and $1,689, respectively, related to VIE) 52,676 35,457
Intangible lease liabilities, less accumulated amortization of $14,564 and $12,614, respectively ($8,558 and $9,244, respectively, related to VIE) 51,166 53,116
Total liabilities 1,034,603 920,264
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; 186,287,989 and 182,707,901 shares issued, respectively; 183,023,067 and 181,200,952 shares outstanding, respectively 1,830 1,812
Additional paid-in capital 1,608,236 1,591,076
Accumulated distributions in excess of earnings (190,780) (161,798)
Accumulated other comprehensive loss (9,049) (2,580)
Total stockholders’ equity 1,410,237 1,428,510
Noncontrolling interests 34,542 33,666
Total equity 1,444,779 1,462,176
Total liabilities and stockholders’ equity $ 2,479,382 $ 2,382,440