Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Real estate investments:
Income producing property	$ 752,783	$ 579,000
Held for development	2,032	1,180
Construction in progress	79,258	53,411
Gross real estate investments	834,073	633,591
Accumulated depreciation	(127,337)	(125,380)
Net real estate investments	706,736	508,211
Real estate investments held for sale	5,829	40,232
Cash and cash equivalents	19,984	26,989
Restricted cash	3,158	2,824
Accounts receivable, net	14,366	21,982
Notes receivable	39,311	7,825
Construction receivables, including retentions	31,277	36,535
Construction contract costs and estimated earnings in excess of billings	1,756	88
Other assets	72,055	44,861
Total Assets	894,472	689,547
LIABILITIES AND EQUITY
Indebtedness, net	501,940	377,593
Debt secured by real estate investments held for sale	6,380	0
Accounts payable and accrued liabilities	6,379	6,472
Construction payables, including retentions	49,203	52,067
Billings in excess of construction contract costs and estimated earnings	2,893	2,224
Other liabilities	38,935	25,471
Total Liabilities	605,730	463,827
Stockholders’ equity:
Common stock, $0.01 par value, 500,000,000 shares authorized, 32,825,063 and 30,076,359 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	328	300
Additional paid-in capital	133,915	102,906
Distributions in excess of earnings	(45,114)	(53,010)
Accumulated other comprehensive loss	0	(648)
Total stockholders’ equity	89,129	49,548
Noncontrolling interests	199,613	176,172
Total Equity	288,742	225,720
Total Liabilities and Equity	$ 894,472	$ 689,547