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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Investment properties:    
Land and improvements $ 204,305 $ 189,759
Building and improvements 3,255,900 2,402,643
Tenant improvements 20,786 14,133
Acquired lease intangibles 402,608 301,462
Gross real estate property 3,883,599 2,907,997
Accumulated depreciation (263,497) (181,785)
Net real estate property 3,620,102 2,726,212
Real estate loans receivable 78,944 39,154
Investment in unconsolidated entities 2,232 2,258
Net real estate investments 3,701,278 2,767,624
Cash and cash equivalents 4,924 15,491
Tenant receivables, net 8,389 9,790
Other assets 123,909 95,187
Total assets 3,838,500 2,888,092
Liabilities:    
Credit facility 382,960 643,742
Notes payable 619,793 224,330
Mortgage debt 169,464 123,083
Accounts payable 6,590 4,423
Dividends and distributions payable 43,452 32,179
Accrued expenses and other liabilities 51,421 42,287
Acquired lease intangibles, net 15,680 9,253
Total liabilities 1,289,360 1,079,297
Redeemable noncontrolling interest - Series A Preferred Units (2016) and partially owned properties 10,919 26,477
Equity:    
Common shares, $0.01 par value, 500,000,000 common shares authorized, 179,208,786 and 135,966,013 common shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively 1,792 1,360
Additional paid-in capital 2,732,121 1,920,644
Accumulated deficit (282,019) (197,261)
Accumulated other comprehensive income 12,012 13,708
Total shareholders’ equity 2,463,906 1,738,451
Noncontrolling interests:    
Operating Partnership 73,688 43,142
Partially owned properties 627 725
Total noncontrolling interests 74,315 43,867
Total equity 2,538,221 1,782,318
Total liabilities and equity 3,838,500 2,888,092
Operating Partnership    
Investment properties:    
Land and improvements 204,305 189,759
Building and improvements 3,255,900 2,402,643
Tenant improvements 20,786 14,133
Acquired lease intangibles 402,608 301,462
Gross real estate property 3,883,599 2,907,997
Accumulated depreciation (263,497) (181,785)
Net real estate property 3,620,102 2,726,212
Real estate loans receivable 78,944 39,154
Investment in unconsolidated entities 2,232 2,258
Net real estate investments 3,701,278 2,767,624
Cash and cash equivalents 4,924 15,491
Tenant receivables, net 8,389 9,790
Other assets 123,909 95,187
Total assets 3,838,500 2,888,092
Liabilities:    
Credit facility 382,960 643,742
Notes payable 619,793 224,330
Mortgage debt 169,464 123,083
Accounts payable 6,590 4,423
Dividends and distributions payable 43,452 32,179
Accrued expenses and other liabilities 51,421 42,287
Acquired lease intangibles, net 15,680 9,253
Total liabilities 1,289,360 1,079,297
Redeemable noncontrolling interest - Series A Preferred Units (2016) and partially owned properties 10,919 26,477
Equity:    
General partners’ capital, 179,208,786 and 135,966,013 units issued and outstanding as of September 30, 2017 and December 31, 2016, respectively 2,451,894 1,724,743
Limited partners’ capital, 5,379,981 and 3,436,207 units issued and outstanding as of September 30, 2017 and December 31, 2016, respectively 73,688 43,142
Accumulated other comprehensive income 12,012 13,708
Total partners’ capital 2,537,594 1,781,593
Noncontrolling interests:    
Noncontrolling interest - partially owned properties 627 725
Total capital 2,538,221 1,782,318
Total liabilities and equity 3,838,500 2,888,092
Operating Partnership Noncontrolling Interest    
Noncontrolling interests:    
Total equity 73,688 43,142
Partially Owned Properties Noncontrolling Interest    
Noncontrolling interests:    
Total equity 627 725
Partially Owned Properties Noncontrolling Interest | Operating Partnership    
Noncontrolling interests:    
Total capital $ 627 $ 725