XML 19 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Real estate investments, at cost (Note 4):    
Land $ 402,318 $ 376,704
Buildings, fixtures and improvements 2,138,405 1,967,930
Construction in progress 2,328 0
Acquired intangible lease assets 629,626 587,061
Total real estate investments, at cost 3,172,677 2,931,695
Less accumulated depreciation and amortization (339,931) (216,055)
Total real estate investments, net 2,832,746 2,715,640
Cash and cash equivalents 102,425 69,831
Restricted cash 5,302 7,497
Derivative assets, at fair value (Note 8) 2,176 28,700
Unbilled straight-line rent 42,739 30,459
Prepaid expenses and other assets 22,617 17,577
Related party notes receivable acquired in Merger (Note 3) 0 5,138
Due from related parties 16 16
Deferred tax assets 1,029 1,586
Goodwill and other intangible assets, net 22,771 13,931
Deferred financing costs, net 6,774 1,092
Total assets 3,038,595 2,891,467
LIABILITIES AND EQUITY    
Mortgage notes payable, net (Note 5) 984,876 747,381
Revolving credit facilities (Note 6) 298,909 616,614
Term loan, net (Note 6) 229,905 0
Mezzanine facility, net (Note 6) 0 55,383
Acquired intangible lease liabilities, net 31,388 33,041
Derivative liabilities, at fair value (Note 8) 15,791 15,457
Due to related parties 829 2,162
Accounts payable and accrued expenses 23,227 22,861
Prepaid rent 18,535 18,429
Deferred tax liability 15,861 15,065
Taxes payable 2,475 9,059
Dividends payable 2,556 34
Total liabilities 1,624,352 1,535,486
Commitments and contingencies (Note 10) 0 0
Stockholders' Equity (Note 9):    
Common stock, $0.01 par value, 100,000,000 shares authorized, 67,287,231 and 66,258,559 shares issued and outstanding at December 31, 2017 and 2016, respectively 2,003 1,990
Additional paid-in capital 1,860,058 1,708,541
Accumulated other comprehensive income (loss) 19,447 (16,695)
Accumulated deficit (468,396) (346,058)
Total stockholders' equity 1,413,166 1,347,778
Non-controlling interest 1,077 8,203
Total equity 1,414,243 1,355,981
Total liabilities and equity 3,038,595 2,891,467
Nonredeemable Preferred Stock [Member]    
Stockholders' Equity (Note 9):    
7.25% Series A cumulative redeemable preferred shares, $0.01 par value, liquidation preference $25.00 per share, 5,409,650 authorized, issued and outstanding as of December 31, 2017 and no shares issued and outstanding as of December 31, 2016 0 0
Redeemable Preferred Stock    
Stockholders' Equity (Note 9):    
7.25% Series A cumulative redeemable preferred shares, $0.01 par value, liquidation preference $25.00 per share, 5,409,650 authorized, issued and outstanding as of December 31, 2017 and no shares issued and outstanding as of December 31, 2016 $ 54 $ 0