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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Investments in real estate:    
Real estate — Land, buildings and improvements $ 1,185,638 $ 1,200,645
Operating real estate — Land, buildings and improvements 504,860 512,485
Real estate under construction 315,492 235,751
Net investments in direct financing leases 30,392 42,054
In-place lease and other intangible assets 280,096 284,097
Investments in real estate 2,316,478 2,275,032
Accumulated depreciation and amortization (354,052) (328,312)
Net investments in real estate 1,962,426 1,946,720
Cash and cash equivalents 70,750 144,148
Accounts receivable and other assets, net 140,593 143,935
Total assets [1] 2,173,769 2,234,803
Liabilities and Equity    
Non-recourse secured debt, net 1,207,475 1,201,913
Accounts payable, accrued expenses and other liabilities 144,779 147,098
Due to affiliates 10,190 11,376
Distributions payable 8,809 22,745
Total liabilities [1] 1,371,253 1,383,132
Commitments and contingencies (Note 10)
Preferred stock, $0.001 par value; 50,000,000 shares authorized; none issued 0 0
Additional paid-in capital 1,331,025 1,319,584
Distributions and accumulated losses (518,253) (470,326)
Accumulated other comprehensive loss (69,946) (56,535)
Total stockholders’ equity 742,976 792,872
Noncontrolling interests 59,540 58,799
Total equity 802,516 851,671
Total liabilities and equity 2,173,769 2,234,803
Class A common stock    
Liabilities and Equity    
Common stock 118 117
Class C common stock    
Liabilities and Equity    
Common stock $ 32 $ 32
[1]
See Note 2 for details related to variable interest entities (“VIEs”).