CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Investments in real estate:
Land	$ 74,819	$ 78,983
Buildings and improvements	1,037,127	888,966
Total investments in real estate	1,111,946	967,949
Less: Accumulated depreciation and amortization	(284,219)	(215,978)
Net investment in operating properties	827,727	751,971
Construction in progress	183,189	178,599
Net investments in real estate	1,010,916	930,570
Cash and cash equivalents	6,854	10,662
Accounts and other receivables, net of allowance for doubtful accounts of $56 and $112 as of December 31, 2015 and December 31, 2014, respectively	12,235	10,290
Lease intangibles, net of accumulated amortization of $11,437 and $14,477 as of December 31, 2015 and December 31, 2014, respectively	4,714	7,112
Goodwill	41,191	41,191
Other assets, net	86,633	74,779
Total assets	1,162,543	1,074,604
Liabilities:
Debt, net of unamortized deferred financing costs of $1,243 and $821 as of December 31, 2015, and December 31, 2014, respectively	391,007	317,679
Accounts payable and accrued expenses	75,783	42,463
Accrued dividends and distributions	28,104	22,355
Deferred rent payable	7,934	8,985
Acquired below-market lease contracts, net of accumulated amortization of $5,279 and $4,688 as of December 31, 2015 and December 31, 2014, respectively	4,693	5,576
Unearned revenue, prepaid rent and other liabilities	28,717	19,205
Total liabilities	536,238	416,263
Stockholders' equity:
Series A Cumulative Preferred Stock 7.25%, $115,000 liquidation preference ($25.00 per share, $0.01 par value), 4,600,000 shares issued and outstanding as of December 31, 2015 and December 31, 2014	115,000	115,000
Common Stock, par value $0.01, 100,000,000 shares authorized and 30,650,703 and 21,757,366 shares issued and outstanding at December 31, 2015, and December 31, 2014, respectively	301	212
Additional paid-in capital	390,200	275,038
Accumulated other comprehensive loss	(493)	(125)
Distributions in excess of net income	(88,891)	(67,538)
Total stockholders' equity	416,117	322,587
Noncontrolling interests	210,188	335,754
Total equity	626,305	658,341
Total liabilities and equity	$ 1,162,543	$ 1,074,604