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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Real estate investments:    
Income producing property $ 1,680,943 $ 1,460,723
Held for development 13,607 5,000
Construction in progress 63,367 140,601
Real estate investments 1,757,917 1,606,324
Accumulated depreciation (253,965) (224,738)
Net real estate investments 1,503,952 1,381,586
Real estate investments held for sale 1,165 1,460
Cash and cash equivalents 40,998 39,232
Restricted cash 9,432 4,347
Accounts receivable, net 28,259 23,470
Notes receivable, net 135,432 159,371
Construction receivables, including retentions, net 38,735 36,361
Construction contract costs and estimated earnings in excess of billings 138 249
Equity method investment 1,078 0
Operating lease right-of-use assets 32,760 33,088
Finance lease right-of-use assets 23,544 24,130
Acquired lease intangible assets 58,154 68,702
Other assets 43,324 32,901
Total Assets 1,916,971 1,804,897
LIABILITIES AND EQUITY    
Indebtedness, net 963,845 950,537
Accounts payable and accrued liabilities 23,900 17,803
Construction payables, including retentions 49,821 53,382
Billings in excess of construction contract costs and estimated earnings 6,088 5,306
Operating lease liabilities 41,659 41,474
Finance lease liabilities 17,954 17,903
Other liabilities 56,902 63,045
Total Liabilities 1,160,169 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 December 31, 2020 and 2019, respectively, 6,843,418 and 2,530,000 shares issued and outstanding as of December 31, 2020 and 2019, respectively 171,085 63,250
Common stock, $0.01 par value, 500,000,000 shares authorized; 59,073,220 and 56,277,971 shares issued and outstanding as of December 31, 2020 and 2019, respectively 591 563
Additional paid-in capital 472,747 455,680
Distributions in excess of earnings (112,356) (106,676)
Accumulated other comprehensive loss (8,868) (4,240)
Total stockholders’ equity 523,199 408,577
Noncontrolling interests in investment entities 488 4,462
Noncontrolling interests in Operating Partnership 233,115 242,408
Total Equity 756,802 655,447
Total Liabilities and Equity $ 1,916,971 $ 1,804,897