Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Real estate investments:
Income producing property	$ 906,225	$ 894,078
Held for development	680	680
Construction in progress	62,948	13,529
Gross real estate investments	969,853	908,287
Accumulated depreciation	(157,932)	(139,553)
Net real estate investments	811,921	768,734
Cash and cash equivalents	19,721	21,942
Restricted cash	3,195	3,251
Accounts receivable, net	15,826	15,052
Notes receivable	75,522	59,546
Construction receivables, including retentions	35,923	39,433
Construction contract costs and estimated earnings in excess of billings	110	110
Equity method investments	11,169	10,235
Other assets	57,611	64,165
Total Assets	1,030,998	982,468
LIABILITIES AND EQUITY
Indebtedness, net	488,609	522,180
Accounts payable and accrued liabilities	14,383	10,804
Construction payables, including retentions	48,160	51,130
Billings in excess of construction contract costs and estimated earnings	5,232	10,167
Other liabilities	41,181	39,209
Total Liabilities	597,565	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 September 30, 2017 and December 31, 2016	0	0
Common stock, $0.01 par value, 500,000,000 shares authorized, 44,936,652 and 37,490,361 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively	449	374
Additional paid-in capital	288,485	197,114
Distributions in excess of earnings	(56,755)	(49,345)
Total stockholders’ equity	232,179	148,143
Noncontrolling interests	199,254	200,835
Total Equity	431,433	348,978
Total Liabilities and Equity	$ 1,030,998	$ 982,468