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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Real estate investments:    
Income producing property $ 1,431,527 $ 1,460,723
Held for development 13,607 5,000
Construction in progress 108,444 140,601
Gross real estate investments 1,553,578 1,606,324
Accumulated depreciation (232,108) (224,738)
Net real estate investments 1,321,470 1,381,586
Real estate investments held for sale 0 1,460
Cash and cash equivalents 70,979 39,232
Restricted cash 4,132 4,347
Accounts receivable, net 28,461 23,470
Notes receivable, net 182,245 159,371
Construction receivables, including retentions, net 42,787 36,361
Construction contract costs and estimated earnings in excess of billings, net 333 249
Operating lease right-of-use assets 32,907 33,088
Finance lease right-of-use assets 23,837 24,130
Acquired lease intangible assets, net 55,832 68,702
Other assets 35,883 32,901
Total Assets 1,798,866 1,804,897
LIABILITIES AND EQUITY    
Indebtedness, net 953,753 950,537
Accounts payable and accrued liabilities 22,705 17,803
Construction payables, including retentions 58,253 53,382
Billings in excess of construction contract costs and estimated earnings 9,320 5,306
Operating lease liabilities 41,550 41,474
Finance lease liabilities 17,928 17,903
Other liabilities 48,411 63,045
Total Liabilities 1,151,920 1,149,450
Stockholders’ equity:    
Preferred stock, $0.01 par value, 100,000,000 shares authorized: 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock, 2,930,000 shares authorized, 2,533,830 and 2,530,000 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 63,346 63,250
Common stock, $0.01 par value, 500,000,000 shares authorized; 57,010,259 and 56,277,971 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 570 563
Additional paid-in capital 460,339 455,680
Distributions in excess of earnings (107,263) (106,676)
Accumulated other comprehensive loss (10,470) (4,240)
Total stockholders’ equity 406,522 408,577
Noncontrolling interests in investment entities 582 4,462
Noncontrolling interests in Operating Partnership 239,842 242,408
Total Equity 646,946 655,447
Total Liabilities and Equity $ 1,798,866 $ 1,804,897