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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Investment properties:    
Land and improvements $ 123,240 $ 79,334
Building and improvements 1,167,768 644,086
Tenant improvements 8,524 5,614
Acquired lease intangibles 176,087 72,985
Gross real estate property 1,475,619 802,019
Accumulated depreciation (75,930) (45,569)
Net real estate property 1,399,689 756,450
Real estate loans receivable 28,979 15,876
Investment in unconsolidated entity 1,323 1,324
Net real estate investments 1,429,991 773,650
Cash and cash equivalents 4,718 15,923
Tenant receivables, net 3,047 1,324
Deferred costs, net 7,118 4,870
Other assets 33,951 15,806
Total assets 1,478,825 811,573
Liabilities:    
Credit facility 473,000 138,000
Mortgage debt 95,195 78,105
Accounts payable 1,393 700
Dividends payable 17,059 16,548
Accrued expenses and other liabilities 19,038 6,140
Acquired lease intangibles, net 5,053 2,871
Total liabilities 610,738 242,364
Redeemable noncontrolling interest - Operating Partnership and partially owned properties 11,719 0
Equity:    
Common shares, $0.01 par value, 500,000,000 common shares authorized, 71,040,502 and 50,640,863 common shares issued and outstanding as of September 30, 2015 and December 31, 2014, respectively. 713 510
Additional paid-in capital 904,939 586,017
Accumulated deficit (94,370) (51,797)
Total shareholders’ equity 811,282 534,730
Noncontrolling interests:    
Operating Partnership 43,737 33,727
Partially owned properties 1,349 752
Total noncontrolling interests 45,086 34,479
Total equity 856,368 569,209
Total liabilities and equity $ 1,478,825 $ 811,573