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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Investment properties:    
Land and improvements $ 141,152 $ 130,788
Building and improvements 1,452,885 1,284,863
Tenant improvements 10,455 9,243
Acquired lease intangibles 228,788 205,168
Gross real estate property 1,833,280 1,630,062
Accumulated depreciation (108,239) (91,250)
Net real estate property 1,725,041 1,538,812
Real estate loans receivable 35,937 39,349
Investment in unconsolidated entity 1,327 1,322
Net real estate investments 1,762,305 1,579,483
Cash and cash equivalents 22,906 3,143
Tenant receivables, net 6,024 2,977
Other assets 59,657 53,283
Total assets 1,850,892 1,638,886
Liabilities:    
Credit facility 115,789 389,375
Notes payable 149,551 0
Mortgage debt 114,816 94,240
Accounts payable 1,659 644
Dividends payable 25,701 20,783
Accrued expenses and other liabilities 28,948 24,473
Acquired lease intangibles, net 6,407 5,950
Total liabilities 442,871 535,465
Redeemable noncontrolling interest - Operating Partnership and partially owned properties 27,065 26,960
Equity:    
Common shares, $0.01 par value, 500,000,000 common shares authorized, 108,379,324 and 86,864,063 common shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively. 1,087 872
Additional paid-in capital 1,451,347 1,129,284
Accumulated deficit (129,183) (109,024)
Total shareholders’ equity 1,323,251 1,021,132
Noncontrolling interests:    
Operating Partnership 47,567 45,451
Partially owned properties 10,138 9,878
Total noncontrolling interests 57,705 55,329
Total equity 1,380,956 1,076,461
Total liabilities and equity $ 1,850,892 $ 1,638,886