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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Real estate investments:    
Income producing property $ 1,531,910 $ 1,460,723
Held for development 13,607 5,000
Construction in progress 60,810 140,601
Gross real estate investments 1,606,327 1,606,324
Accumulated depreciation (241,859) (224,738)
Net real estate investments 1,364,468 1,381,586
Real estate investments held for sale 0 1,460
Cash and cash equivalents 73,579 39,232
Restricted cash 5,645 4,347
Accounts receivable, net 26,465 23,470
Notes receivable, net 168,716 159,371
Construction receivables, including retentions, net 43,324 36,361
Construction contract costs and estimated earnings in excess of billings, net 215 249
Operating lease right-of-use assets 32,818 33,088
Finance lease right-of-use assets 23,691 24,130
Acquired lease intangible assets, net 57,958 68,702
Other assets 44,393 32,901
Total Assets 1,841,272 1,804,897
LIABILITIES AND EQUITY    
Indebtedness, net 886,509 950,537
Accounts payable and accrued liabilities 20,667 17,803
Construction payables, including retentions 55,825 53,382
Billings in excess of construction contract costs and estimated earnings 7,085 5,306
Operating lease liabilities 41,589 41,474
Finance lease liabilities 17,941 17,903
Other liabilities 60,219 63,045
Total Liabilities 1,089,835 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, 9,980,000 and 2,930,000 shares authorized as of September 30, 2020 and December 31, 2019, respectively, 6,843,418 and 2,530,000 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 171,085 63,250
Common stock, $0.01 par value, 500,000,000 shares authorized; 57,934,042 and 56,277,971 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 579 563
Additional paid-in capital 464,632 455,680
Distributions in excess of earnings (107,262) (106,676)
Accumulated other comprehensive loss (9,767) (4,240)
Total stockholders’ equity 519,267 408,577
Noncontrolling interests in investment entities 537 4,462
Noncontrolling interests in Operating Partnership 231,633 242,408
Total Equity 751,437 655,447
Total Liabilities and Equity $ 1,841,272 $ 1,804,897