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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Investment properties:    
Land and improvements $ 217,695 $ 189,759
Building and improvements 3,568,858 2,402,643
Tenant improvements 23,056 14,133
Acquired lease intangibles 458,713 301,462
Gross real estate property 4,268,322 2,907,997
Accumulated depreciation (300,458) (181,785)
Net real estate property 3,967,864 2,726,212
Real estate loans receivable 76,195 39,154
Investment in unconsolidated entities 1,329 2,258
Net real estate investments 4,045,388 2,767,624
Cash and cash equivalents 2,727 15,491
Tenant receivables, net 9,966 9,790
Other assets 106,302 95,187
Total assets 4,164,383 2,888,092
Liabilities:    
Credit facility 324,394 643,742
Notes payable 966,603 224,330
Mortgage debt 186,471 123,083
Accounts payable 11,023 4,423
Dividends and distributions payable 43,804 32,179
Accrued expenses and other liabilities 56,405 42,287
Acquired lease intangibles, net 15,702 9,253
Total liabilities 1,604,402 1,079,297
Redeemable noncontrolling interest - Series A Preferred Units (2016) and partially owned properties 12,347 26,477
Equity:    
Common shares, $0.01 par value, 500,000,000 common shares authorized, 181,440,051 and 135,966,013 common shares issued and outstanding as of December 31, 2017 and December 31, 2016, respectively 1,814 1,360
Additional paid-in capital 2,772,823 1,920,644
Accumulated deficit (315,417) (197,261)
Accumulated other comprehensive income 13,952 13,708
Total shareholders’ equity 2,473,172 1,738,451
Noncontrolling interests:    
Operating Partnership 73,844 43,142
Partially owned properties 618 725
Total noncontrolling interests 74,462 43,867
Total equity 2,547,634 1,782,318
Capital:    
Total liabilities and equity 4,164,383 2,888,092
Operating Partnership    
Investment properties:    
Land and improvements 217,695 189,759
Building and improvements 3,568,858 2,402,643
Tenant improvements 23,056 14,133
Acquired lease intangibles 458,713 301,462
Gross real estate property 4,268,322 2,907,997
Accumulated depreciation (300,458) (181,785)
Net real estate property 3,967,864 2,726,212
Real estate loans receivable 76,195 39,154
Investment in unconsolidated entities 1,329 2,258
Net real estate investments 4,045,388 2,767,624
Cash and cash equivalents 2,727 15,491
Tenant receivables, net 9,966 9,790
Other assets 106,302 95,187
Total assets 4,164,383 2,888,092
Liabilities:    
Credit facility 324,394 643,742
Notes payable 966,603 224,330
Mortgage debt 186,471 123,083
Accounts payable 11,023 4,423
Dividends and distributions payable 43,804 32,179
Accrued expenses and other liabilities 56,405 42,287
Acquired lease intangibles, net 15,702 9,253
Total liabilities 1,604,402 1,079,297
Redeemable noncontrolling interest - Series A Preferred Units (2016) and partially owned properties 12,347 26,477
Equity:    
Accumulated other comprehensive income 13,952 13,708
Capital:    
General partner’s capital, 134,620,300 and 86,864,063 units issued and outstanding as of September 31, 2016 and December 31, 2015, respectively 2,459,220 1,724,743
Limited partners’ capital, 3,618,988 and 3,879,115 units issued and outstanding as of September 31, 2016 and December 31, 2015, respectively 73,844 43,142
Total partners’ capital 2,547,016 1,781,593
Noncontrolling interests - partially owned properties 618 725
Total capital 2,547,634 1,782,318
Total liabilities and equity $ 4,164,383 $ 2,888,092