CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Real estate investments, at cost:
Land	$ 685,889	$ 629,190
Buildings, fixtures and improvements	2,681,485	2,441,659
Acquired intangible lease assets	448,175	413,948
Total real estate investments, at cost	3,815,549	3,484,797
Less: accumulated depreciation and amortization	(529,052)	(454,614)
Total real estate investments, net	3,286,497	3,030,183
Cash and cash equivalents	81,898	91,451
Restricted cash	17,942	18,180
Goodwill	85	3,037
Goodwill	0	1,605
Deferred costs, net	17,467	16,222
Straight-line rent receivable	46,976	37,911
Operating lease right-of-use assets	18,959
Prepaid expenses and other assets (including $503 and $0 due from related parties as of December 31, 2019 and 2018, respectively)	19,188	19,439
Assets held for sale	1,176	44,519
Total assets	3,490,188	3,262,547
LIABILITIES AND EQUITY
Mortgage notes payable, net	1,310,943	1,196,113
Credit facility	333,147	324,700
Below-market lease liabilities, net	84,041	89,938
Accounts payable and accrued expenses (including $1,153 and $2,634 due to related parties as of December 31, 2019 and 2018, respectively)	26,817	28,383
Operating lease liabilities	19,318
Derivative liabilities, at fair value	0	531
Deferred rent and other liabilities	10,392	13,067
Dividends payable	3,300	80
Total liabilities	1,787,958	1,652,812
7.50% Series A cumulative redeemable perpetual preferred stock, $0.01 par value, liquidation preference $25.00 per share, 8,796,000 shares authorized, 6,917,230 issued and outstanding as of December 31, 2019 and no shares issued and outstanding as of December 31, 2018	69	0
Common stock, $0.01 par value per share, 300,000,000 shares authorized, 108,475,266 and 106,230,901 shares issued and outstanding as of December 31, 2019 and 2018, respectively	1,085	1,063
Additional paid-in capital	2,615,089	2,412,915
Accumulated other comprehensive loss	0	(531)
Distributions in excess of accumulated earnings	(932,912)	(812,047)
Total stockholders’ equity	1,683,331	1,601,400
Non-controlling interests	18,899	8,335
Total equity	1,702,230	1,609,735
Total liabilities and equity	$ 3,490,188	$ 3,262,547