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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Real estate investments, at cost:    
Land $ 212,651 $ 207,335
Buildings, fixtures and improvements 2,133,057 2,004,116
Acquired intangible assets 276,015 269,616
Total real estate investments, at cost 2,621,723 2,481,067
Less: accumulated depreciation and amortization (512,775) (427,476)
Total real estate investments, net 2,108,948 2,053,591
Assets held for sale 90 70,839
Cash and cash equivalents 72,357 95,691
Restricted cash 17,989 15,908
Derivative assets, at fair value 13 392
Straight-line rent receivable, net 23,322 21,182
Operating lease right-of-use assets 13,912 14,351
Prepaid expenses and other assets (including $1,278 and $394 due from related parties as of December 31, 2020 and 2019, respectively) 34,932 39,707
Deferred costs, net 15,332 13,642
Total assets 2,286,895 2,325,303
LIABILITIES AND EQUITY    
Mortgage notes payable, net 542,698 528,284
Credit facilities, net 674,551 605,269
Market lease intangible liabilities, net 10,803 12,052
Derivative liabilities, at fair value 38,389 5,305
Accounts payable and accrued expenses (including $299 due to related parties as of December 31, 2020) 42,271 43,094
Operating lease liabilities 9,155 9,133
Deferred rent 6,914 8,521
Distributions payable 742 6,901
Total liabilities 1,325,523 1,218,559
Stockholders’ Equity    
7.375% Series A cumulative redeemable perpetual preferred stock, $0.01 par value, 2,210,000 and 1,610,000 authorized as of December 31, 2020 and 2019, respectively; 1,610,000 issued and outstanding as of December 31, 2020 and 2019 16 16
Common stock, $0.01 par value, 300,000,000 shares authorized, 95,040,783 (including 1,265,037 shares paid as a stock dividend on January 15, 2021) and 92,356,664 shares of common stock issued and outstanding as of December 31, 2020 and 2019, respectively 938 923
Additional paid-in capital 2,104,261 2,078,628
Accumulated other comprehensive loss (39,673) (7,043)
Distributions in excess of accumulated earnings (1,108,557) (971,190)
Total stockholders’ equity 956,985 1,101,334
Non-controlling interests 4,387 5,410
Total equity 961,372 1,106,744
Total liabilities and equity $ 2,286,895 $ 2,325,303