Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Real estate investments:
Income producing property	$ 900,782	$ 894,078
Held for development	680	680
Construction in progress	39,361	13,529
Gross real estate investments	940,823	908,287
Accumulated depreciation	(152,438)	(139,553)
Net real estate investments	788,385	768,734
Cash and cash equivalents	18,587	21,942
Restricted cash	3,139	3,251
Accounts receivable, net	15,027	15,052
Notes receivable	73,382	59,546
Construction receivables, including retentions	45,820	39,433
Construction contract costs and estimated earnings in excess of billings	53	110
Equity method investments	10,950	10,235
Other assets	58,995	64,165
Total Assets	1,014,338	982,468
LIABILITIES AND EQUITY
Indebtedness, net	465,291	522,180
Accounts payable and accrued liabilities	9,311	10,804
Construction payables, including retentions	58,546	51,130
Billings in excess of construction contract costs and estimated earnings	6,780	10,167
Other liabilities	39,889	39,209
Total Liabilities	579,817	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 June 30, 2017 and December 31, 2016	0	0
Common stock, $0.01 par value, 500,000,000 shares authorized, 44,932,241 and 37,490,361 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively	449	374
Additional paid-in capital	288,162	197,114
Distributions in excess of earnings	(55,709)	(49,345)
Total stockholders’ equity	232,902	148,143
Noncontrolling interests	199,619	200,835
Total Equity	432,521	348,978
Total Liabilities and Equity	$ 1,014,338	$ 982,468