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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Investments in real estate:    
Land $ 82,463 $ 74,819
Buildings and improvements 1,186,712 1,037,127
Total investments in real estate 1,269,175 1,111,946
Less: Accumulated depreciation and amortization (345,224) (284,219)
Net investment in operating properties 923,951 827,727
Construction in progress 272,928 183,189
Net investments in real estate 1,196,879 1,010,916
Cash and cash equivalents 6,296 6,854
Accounts and other receivables, net of allowance for doubtful accounts of $97 and $56 as of September 30, 2016, and December 31, 2015, respectively 16,103 12,235
Lease intangibles, net of accumulated amortization of $11,790 and $11,437 as of September 30, 2016, and December 31, 2015, respectively 3,249 4,714
Goodwill 41,191 41,191
Other assets, net 96,274 86,633
Total assets 1,359,992 1,162,543
Liabilities:    
Debt, net of unamortized deferred financing costs of $3,758 and $1,243 as of September 30, 2016, and December 31, 2015, respectively 590,992 391,007
Accounts payable and accrued expenses 86,129 75,783
Accrued dividends and distributions 28,630 28,104
Deferred rent payable 7,577 7,934
Acquired below-market lease contracts, net of accumulated amortization of $5,241 and $5,279 as of September 30, 2016, and December 31, 2015, respectively 4,059 4,693
Unearned revenue, prepaid rent and other liabilities 33,444 28,717
Total liabilities 750,831 536,238
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, 2016, and December 31, 2015 115,000 115,000
Common Stock, par value $0.01, 100,000,000 shares authorized and 33,893,326 and 30,650,703 shares issued and outstanding at September 30, 2016, and December 31, 2015, respectively 334 301
Additional paid-in capital 436,311 390,200
Accumulated other comprehensive loss (2,141) (493)
Distributions in excess of net income (105,756) (88,891)
Total stockholders' equity 443,748 416,117
Noncontrolling interests 165,413 210,188
Total equity 609,161 626,305
Total liabilities and equity $ 1,359,992 $ 1,162,543