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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Investments in real estate:    
Land $ 94,593 $ 86,955
Buildings and improvements 1,989,731 1,730,329
Total investments in real estate 2,084,324 1,817,284
Less: Accumulated depreciation and amortization (720,498) (590,784)
Net investment in operating properties 1,363,826 1,226,500
Construction in progress 394,474 265,921
Net investments in real estate 1,758,300 1,492,421
Operating lease right-of-use assets, net 172,976 190,304
Cash and cash equivalents 3,048 2,599
Accounts and other receivables, net of allowance for doubtful accounts of $371 and $417 as of December 31, 2019, and December 31, 2018, respectively 21,008 18,464
Lease intangibles, net of accumulated amortization of $4,022 and $7,756 as of December 31, 2019, and December 31, 2018, respectively 3,939 6,943
Goodwill 40,646 40,646
Other assets, net 101,082 102,290
Total assets 2,100,999 1,853,667
Liabilities:    
Debt, net of unamortized deferred financing costs of $9,098 and $5,677 as of December 31, 2019, and December 31, 2018, respectively 1,478,402 1,130,823
Operating lease liabilities 187,443 202,699
Accounts payable and accrued expenses 123,304 89,315
Accrued dividends and distributions 62,332 55,679
Acquired below-market lease contracts, net of accumulated amortization of $1,511 and $3,840 as of December 31, 2019, and December 31, 2018, respectively 2,511 2,846
Unearned revenue, prepaid rent and other liabilities 33,119 37,672
Total liabilities 1,887,111 1,519,034
Stockholders' equity:    
Common Stock, par value $0.01, 100,000,000 shares authorized and 37,701,042 and 36,708,691 shares issued and outstanding at December 31, 2019, and December 31, 2018, respectively 373 363
Additional paid-in capital 512,324 491,314
Accumulated other comprehensive loss (6,026) (2,193)
Distributions in excess of net income (348,509) (246,929)
Total stockholders' equity 158,162 242,555
Noncontrolling interests 55,726 92,078
Total equity 213,888 334,633
Total liabilities and equity $ 2,100,999 $ 1,853,667