Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Real estate investments:
Income producing property	$ 898,526	$ 894,078
Held for development	8,042	680
Construction in progress	19,198	13,529
Gross real estate investments	925,766	908,287
Accumulated depreciation	(145,981)	(139,553)
Net real estate investments	779,785	768,734
Cash and cash equivalents	10,039	21,942
Restricted cash	3,649	3,251
Accounts receivable, net	14,122	15,052
Notes receivable	60,959	59,546
Construction receivables, including retentions	50,151	39,433
Construction contract costs and estimated earnings in excess of billings	812	110
Equity method investments	10,794	10,235
Other assets	62,593	64,165
Total Assets	992,904	982,468
LIABILITIES AND EQUITY
Indebtedness, net	522,394	522,180
Accounts payable and accrued liabilities	11,008	10,804
Construction payables, including retentions	57,457	51,130
Billings in excess of construction contract costs and estimated earnings	9,823	10,167
Other liabilities	39,107	39,209
Total Liabilities	639,789	633,490
Redeemable noncontrolling interest	2,000	0
Stockholders’ equity:
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued and outstanding as of March 31, 2017 and December 31, 2016, respectively	0	0
Common stock, $0.01 par value, 500,000,000 shares authorized, 37,813,127 and 37,490,361 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively	377	374
Additional paid-in capital	199,923	197,114
Distributions in excess of earnings	(50,629)	(49,345)
Total stockholders’ equity	149,671	148,143
Noncontrolling interests	201,444	200,835
Total Equity	351,115	348,978
Total Liabilities and Equity	$ 992,904	$ 982,468