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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Real estate investments:    
Income producing property $ 1,658,609 $ 1,680,943
Held for development 6,294 13,607
Construction in progress 72,535 63,367
Real estate investments 1,737,438 1,757,917
Accumulated depreciation (285,814) (253,965)
Net real estate investments 1,451,624 1,503,952
Real estate investments held for sale 80,751 1,165
Cash and cash equivalents 35,247 40,998
Restricted cash 5,196 9,432
Accounts receivable, net 29,576 28,259
Notes receivable, net 126,429 135,432
Construction receivables, including retentions, net 17,865 38,735
Construction contract costs and estimated earnings in excess of billings 243 138
Equity method investment 12,685 1,078
Operating lease right-of-use assets 23,493 32,760
Finance lease right-of-use assets 46,989 23,544
Acquired lease intangible assets 62,038 58,154
Other assets 45,927 43,324
Total Assets 1,938,063 1,916,971
LIABILITIES AND EQUITY    
Indebtedness, net 917,556 963,845
Liabilities related to assets held for sale 41,364 0
Accounts payable and accrued liabilities 29,589 23,900
Construction payables, including retentions 31,166 49,821
Billings in excess of construction contract costs and estimated earnings 4,881 6,088
Operating lease liabilities 31,648 41,659
Finance lease liabilities 46,160 17,954
Other liabilities 55,876 56,902
Total Liabilities 1,158,240 1,160,169
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 shares authorized, 6,843,418 shares issued and outstanding as of December 31, 2021 and 2020 171,085 171,085
Common stock, $0.01 par value, 500,000,000 shares authorized; 63,011,700 and 59,073,220 shares issued and outstanding as of December 31, 2021 and 2020, respectively 630 591
Additional paid-in capital 525,030 472,747
Distributions in excess of earnings (141,360) (112,356)
Accumulated other comprehensive loss (33) (8,868)
Total stockholders’ equity 555,352 523,199
Noncontrolling interests in investment entities 629 488
Noncontrolling interests in Operating Partnership 223,842 233,115
Total Equity 779,823 756,802
Total Liabilities and Equity $ 1,938,063 $ 1,916,971