Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Real estate investments:
Income producing property	$ 844,127	$ 579,000
Held for development	1,933	1,180
Construction in progress	13,895	53,411
Gross real estate investments	859,955	633,591
Accumulated depreciation	(133,288)	(125,380)
Net real estate investments	726,667	508,211
Real estate investments held for sale	0	40,232
Cash and cash equivalents	23,890	26,989
Restricted cash	3,471	2,824
Accounts receivable, net	15,100	21,982
Notes receivable	49,935	7,825
Construction receivables, including retentions	39,981	36,535
Construction contract costs and estimated earnings in excess of billings	419	88
Equity method investments	10,360	1,411
Other assets	62,022	43,450
Total Assets	931,845	689,547
LIABILITIES AND EQUITY
Indebtedness, net	513,993	377,593
Accounts payable and accrued liabilities	10,604	6,472
Construction payables, including retentions	51,203	52,067
Billings in excess of construction contract costs and estimated earnings	6,560	2,224
Other liabilities	39,517	25,471
Total Liabilities	621,877	463,827
Stockholders’ equity:
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued and outstanding as of September 30, 2016 and December 31, 2015, respectively	0	0
Common stock, $0.01 par value, 500,000,000 shares authorized, 34,255,874 and 30,076,359 shares issued and outstanding as of September 30, 2016 and December 31, 2015, respectively	342	300
Additional paid-in capital	153,571	102,906
Distributions in excess of earnings	(46,066)	(53,010)
Accumulated other comprehensive loss	0	(648)
Total stockholders’ equity	107,847	49,548
Noncontrolling interests	202,121	176,172
Total Equity	309,968	225,720
Total Liabilities and Equity	$ 931,845	$ 689,547