Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Real estate investments:
Income producing property	$ 1,407,224	$ 1,037,917
Held for development	2,752	2,994
Construction in progress	156,695	135,675
Gross real estate investments	1,566,671	1,176,586
Accumulated depreciation	(205,650)	(188,775)
Net real estate investments	1,361,021	987,811
Real estate investments held for sale	0	929
Cash and cash equivalents	23,109	21,254
Restricted cash	2,852	2,797
Accounts receivable, net	20,713	19,016
Notes receivable	144,743	138,683
Construction receivables, including retentions	13,696	16,154
Construction contract costs and estimated earnings in excess of billings	461	1,358
Equity method investments	0	22,203
Operating lease right-of-use assets	33,268
Finance lease right-of-use assets	24,415
Other assets	105,749	55,177
Total Assets	1,730,027	1,265,382
LIABILITIES AND EQUITY
Indebtedness, net	949,345	694,239
Accounts payable and accrued liabilities	15,983	15,217
Construction payables, including retentions	37,798	50,796
Billings in excess of construction contract costs and estimated earnings	1,789	3,037
Operating lease liabilities	41,300
Finance lease liabilities	17,862
Other liabilities	59,508	46,203
Total Liabilities	1,123,585	809,492
Stockholders’ equity:
Preferred stock, $0.01 par value, 100,000,000 shares authorized; 6.75% Series A Cumulative Redeemable Preferred Stock, 2,530,000 issued and outstanding as of June 30, 2019 and zero shares issued and outstanding as of December 31, 2018	63,250	0
Common stock, $0.01 par value, 500,000,000 shares authorized; 52,794,357 and 50,013,731 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively	528	500
Additional paid-in capital	394,269	357,353
Distributions in excess of earnings	(95,490)	(82,699)
Accumulated other comprehensive loss	(4,502)	(1,283)
Total stockholders’ equity	358,055	273,871
Noncontrolling interests in investment entities	4,550	0
Noncontrolling interests in Operating Partnership	243,837	182,019
Total Equity	606,442	455,890
Total Liabilities and Equity	$ 1,730,027	$ 1,265,382