CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Investment in real estate:
Land	$ 427,952	$ 428,157
Buildings and equipment	2,180,341	2,151,443
Less accumulated depreciation	(257,953)	(239,091)
Net investment in real estate	2,350,340	2,340,509
Cash and cash equivalents	6,516	5,420
Restricted cash	32,752	34,568
Accounts receivable, net	43,434	43,196
Deferred expenses, net	45,975	44,859
Prepaid expenses and other assets, net	44,540	49,034
Total assets	2,523,557	2,517,586
Liabilities:
Mortgages, notes and loans payable, net	1,735,926	1,694,841
Accounts payable and accrued expenses, net	127,992	147,288
Total liabilities	1,863,918	1,842,129
Commitments and contingencies	0	0
Mezzanine Equity:
Non-controlling interest in Operating Partnership	141,965	140,953
Equity:
Preferred stock: $0.01 par value; 50,000,000 shares authorized, 0 issued and outstanding at March 31, 2016 and December 31, 2015	0	0
Common stock: $0.01 par value; 500,000,000 shares authorized, 58,287,506 issued and 57,882,048 outstanding at March 31, 2016 and 58,097,933 issued and 57,797,475 outstanding at December 31, 2015	581	581
Additional paid-in capital	643,203	643,828
Accumulated deficit	(131,264)	(121,182)
Accumulated other comprehensive loss	(4,257)	(65)
Treasury stock, at cost, $0.01 par value, 343,055 shares at March 31, 2016 and 238,055 shares at December 31, 2015	(5,073)	(3,509)
Total stockholders' equity	503,190	519,653
Non-controlling interest	14,484	14,851
Total equity	(517,674)	(534,504)
Total liabilities, mezzanine equity and equity	$ 2,523,557	$ 2,517,586