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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Investment properties:    
Land and improvements $ 110,349 $ 79,334
Building and improvements 931,467 644,086
Tenant improvements 6,810 5,614
Acquired lease intangibles 132,255 72,985
Gross real estate property 1,180,881 802,019
Accumulated depreciation (64,353) (45,569)
Net real estate property 1,116,528 756,450
Real estate loans receivable 25,320 15,876
Investment in unconsolidated entity 1,324 1,324
Net real estate investments 1,143,172 773,650
Cash and cash equivalents 22,549 15,923
Tenant receivables, net 2,333 1,324
Deferred costs, net 4,413 4,870
Other assets 30,989 15,806
Total assets 1,203,456 811,573
Liabilities:    
Credit facility 191,000 138,000
Mortgage debt 95,774 78,105
Accounts payable 1,097 700
Dividends payable 16,942 16,548
Accrued expenses and other liabilities 14,997 6,140
Acquired lease intangibles, net 3,171 2,871
Total liabilities 322,981 242,364
Redeemable noncontrolling interest - Operating Partnership and partially owned properties 11,656  
Equity:    
Common shares, $0.01 par value, 500,000,000 common shares authorized, 70,955,331 and 50,640,863 common shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively. 713 510
Additional paid-in capital 904,002 586,017
Accumulated deficit (81,683) (51,797)
Total shareholders' equity 823,032 534,730
Noncontrolling interests:    
Operating Partnership 44,473 33,727
Partially owned properties 1,314 752
Total noncontrolling interests 45,787 34,479
Total equity 868,819 569,209
Total liabilities and equity $ 1,203,456 $ 811,573