XML 65 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Combined Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Predecessor
Real estate investments:    
Income producing property $ 403,296 $ 350,814
Held for development 4,733 3,926
Construction in progress 12,258  
Gross real estate investments 420,287 354,740
Accumulated depreciation (98,612) (92,454)
Net real estate investments 321,675 262,286
Cash and cash equivalents 14,737 9,400
Restricted cash 3,117 3,725
Accounts receivable, net 17,509 17,423
Construction receivables, including retentions 17,511 10,490
Construction contract costs and estimated earnings in excess of billings 901 1,206
Due from affiliates   5,719
Other assets 23,857 21,564
Total Assets 399,307 331,813
Indebtedness:    
Secured debt 244,336 334,438
Participating note   643
Accounts payable and accrued liabilities 8,060 2,478
Construction payables, including retentions 17,512 17,369
Billings in excess of construction contract costs and estimated earnings 3,258 4,236
Due to affiliates   3,597
Due to related parties 1,599  
Other liabilities 12,991 10,393
Total Liabilities 287,756 373,154
Stockholders' equity:    
Common stock, $0.01 par value, 500,000,000 shares authorized, 19,163,705 shares issued and outstanding as of June 30, 2013 192  
Additional paid-in capital 767  
Distributions in excess of earnings (43,934)  
Total stockholders' and predecessor deficit (42,975) (41,341)
Noncontrolling interests 154,526  
Total Equity 111,551 (41,341)
Total Liabilities and Equity $ 399,307 $ 331,813