CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Investment properties:
Land	$ 273,365	$ 262,210
Building and other improvements	999,569	971,021
Total	1,272,934	1,233,231
Less accumulated depreciation	(71,766)	(62,631)
Net investment properties	1,201,168	1,170,600
Cash and cash equivalents	16,280	10,861
Investment in unconsolidated entity	126	126
Accounts and rent receivable	10,904	11,671
Acquired lease intangible assets, net	150,776	150,108
Deferred costs, net	821	683
Other assets	13,391	13,511
Total assets	1,393,466	1,357,560
Liabilities:
Mortgages and credit facility payable, net	649,534	606,025
Accounts payable and accrued expenses	8,861	7,270
Distributions payable	4,523	4,488
Acquired intangible liabilities, net	66,104	63,474
Deferred investment property acquisition obligations	3,077	6,856
Due to related parties	3,392	2,663
Other liabilities	13,063	12,330
Total liabilities	748,554	703,106
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $.001 par value, 40,000,000 shares authorized, none outstanding
Common stock, $.001 par value, 1,460,000,000 shares authorized, 88,593,002 and 88,155,707 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively	89	88
Additional paid in capital (net of offering costs of $87,059 as of March 31, 2017 and December 31, 2016)	796,526	792,478
Accumulated distributions and net loss	(155,326)	(140,417)
Accumulated other comprehensive income	3,623	2,305
Total stockholders’ equity	644,912	654,454
Total liabilities and stockholders’ equity	$ 1,393,466	$ 1,357,560