XML 50 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Combined Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Predecessor
Real estate investments:    
Income producing property $ 404,742 $ 350,814
Held for development 7,081 3,926
Construction in progress 29,091  
Gross real estate investments 440,914 354,740
Accumulated depreciation (101,920) (92,454)
Net real estate investments 338,994 262,286
Cash and cash equivalents 9,775 9,400
Restricted cash 2,966 3,725
Accounts receivable, net 17,846 17,423
Construction receivables, including retentions 12,619 10,490
Construction contract costs and estimated earnings in excess of billings 1,452 1,206
Due from affiliates   5,719
Other assets 23,199 21,564
Total Assets 406,851 331,813
Indebtedness:    
Secured debt 247,356 334,438
Participating note   643
Accounts payable and accrued liabilities 6,970 2,478
Construction payables, including retentions 26,162 17,369
Billings in excess of construction contract costs and estimated earnings 2,270 4,236
Due to affiliates   3,597
Due to related parties 406  
Other liabilities 15,736 10,393
Total Liabilities 298,900 373,154
Stockholders' equity:    
Common stock, $0.01 par value, 500,000,000 shares authorized, 19,163,500 shares issued and outstanding as of September 30, 2013 192  
Additional paid-in capital 1,010  
Distributions in excess of earnings (46,195)  
Total stockholders' and predecessor deficit (44,993) (41,341)
Noncontrolling interests 152,944  
Total Equity 107,951 (41,341)
Total Liabilities and Equity $ 406,851 $ 331,813