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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Investments in real estate:    
Land $ 74,819 $ 78,983
Buildings and improvements 1,024,778 888,966
Total investments in real estate 1,099,597 967,949
Less: Accumulated depreciation and amortization (265,637) (215,978)
Net investment in operating properties 833,960 751,971
Construction in progress 126,117 178,599
Net investments in real estate 960,077 930,570
Cash and cash equivalents 9,477 10,662
Accounts and other receivables, net of allowance for doubtful accounts of $223 and $112 as of September 30, 2015 and December 31, 2014, respectively 14,194 10,290
Lease intangibles, net of accumulated amortization of $11,645 and $14,477 as of September 30, 2015 and December 31, 2014, respectively 5,249 7,112
Goodwill 41,191 41,191
Other assets, net 85,421 75,600
Total assets 1,115,609 1,075,425
Liabilities:    
Revolving credit facility 110,250 218,500
Senior unsecured term loan 250,000 100,000
Accounts payable and accrued expenses 56,972 42,463
Accrued dividends and distributions 22,688 22,355
Deferred rent payable 8,248 8,985
Acquired below-market lease contracts, net of accumulated amortization of $5,074 and $4,688 as of September 30, 2015 and December 31, 2014, respectively 4,909 5,576
Unearned revenue, prepaid rent and other liabilities 30,439 19,205
Total liabilities 483,506 417,084
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 September 30, 2015 and December 31, 2014 115,000 115,000
Common Stock, par value $0.01, 100,000,000 shares authorized and 26,636,675 and 21,757,366 shares issued and outstanding at September 30, 2015, and December 31, 2014, respectively 261 212
Additional paid-in capital 336,811 275,038
Accumulated other comprehensive loss (1,507) (125)
Distributions in excess of net income (81,990) (67,538)
Total stockholders' equity 368,575 322,587
Noncontrolling interests 263,528 335,754
Total equity 632,103 658,341
Total liabilities and equity $ 1,115,609 $ 1,075,425