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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Real estate investments, at cost:    
Land $ 206,392,000 $ 212,651,000
Buildings, fixtures and improvements 2,117,896,000 2,133,057,000
Acquired intangible assets 288,372,000 276,015,000
Total real estate investments, at cost 2,612,660,000 2,621,723,000
Less: accumulated depreciation and amortization (562,733,000) (512,775,000)
Total real estate investments, net 2,049,927,000 2,108,948,000
Assets held for sale 0 90,000
Cash and cash equivalents 59,738,000 72,357,000
Restricted cash 25,644,000 17,989,000
Derivative assets, at fair value 174,000 13,000
Straight-line rent receivable, net 23,858,000 23,322,000
Operating lease right-of-use assets 7,914,000 13,912,000
Prepaid expenses and other assets (including $929 and $1,278 due from related parties as of December 31, 2021 and 2020, respectively) 32,564,000 34,932,000
Deferred costs, net 14,581,000 15,332,000
Total assets 2,214,400,000 2,286,895,000
LIABILITIES AND EQUITY    
Mortgage notes payable, net 584,239,000 542,698,000
Credit facilities, net 502,051,000 674,551,000
Market lease intangible liabilities, net 10,943,000 10,803,000
Derivative liabilities, at fair value 13,903,000 38,389,000
Accounts payable and accrued expenses (including $47 and $299 due to related parties as of December 31, 2021 and 2020, respectively) 42,709,000 42,271,000
Operating lease liabilities 8,130,000 9,155,000
Deferred rent 8,619,000 6,914,000
Distributions payable 3,406,000 742,000
Total liabilities 1,174,000,000 1,325,523,000
Stockholders’ Equity    
Common stock, $0.01 par value, 300,000,000 shares authorized, 99,281,754 shares and 93,775,746 shares issued and outstanding as of December 31, 2021 and 2020, respectively 993,000 938,000
Additional paid-in capital 2,329,839,000 2,104,261,000
Accumulated other comprehensive loss (14,341,000) (39,673,000)
Distributions in excess of accumulated earnings (1,282,871,000) (1,108,557,000)
Total stockholders’ equity 1,033,696,000 956,985,000
Non-controlling interests 6,704,000 4,387,000
Total equity 1,040,400,000 961,372,000
Total liabilities and equity 2,214,400,000 2,286,895,000
Series A Preferred Stock    
Stockholders’ Equity    
Cumulative redeemable perpetual preferred stock 40,000 16,000
Series B Preferred Stock    
Stockholders’ Equity    
Cumulative redeemable perpetual preferred stock $ 36,000 $ 0