XML 15 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Investment properties:    
Land and improvements $ 216,032 $ 211,253
Building and improvements 3,649,360 3,623,962
Tenant improvements 47,919 36,497
Acquired lease intangibles 390,557 452,384
Gross real estate property 4,303,868 4,324,096
Accumulated depreciation (480,083) (411,052)
Net real estate property 3,823,785 3,913,044
Right-of-use lease assets, net 125,775  
Real estate loans receivable 82,584 55,659
Investments in unconsolidated entities 1,331 1,330
Net real estate investments 4,033,475 3,970,033
Cash and cash equivalents 6,883 19,161
Tenant receivables, net 7,662 8,881
Other assets 123,967 144,759
Total assets 4,171,987 4,142,834
Liabilities:    
Credit facility 462,397 457,388
Notes payable 967,358 966,961
Mortgage debt 99,206 108,504
Accounts payable 5,489 3,886
Dividends and distributions payable 44,530 43,821
Accrued expenses and other liabilities 73,040 76,282
Lease liabilities 60,692 0
Acquired lease intangibles, net 6,903 13,585
Total liabilities 1,719,615 1,670,427
Redeemable noncontrolling interest - Series A Preferred Units and partially owned properties 26,929 24,747
Equity:    
Common shares, $0.01 par value, 500,000,000 common shares authorized, 185,315,334 and 182,416,007 common shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 1,853 1,824
Additional paid-in capital 2,845,065 2,791,555
Accumulated deficit (497,007) (428,307)
Accumulated other comprehensive income 5,399 14,433
Total shareholders’ equity 2,355,310 2,379,505
Noncontrolling interests:    
Operating Partnership 69,841 67,477
Partially owned properties 292 678
Total noncontrolling interests 70,133 68,155
Total equity 2,425,443 2,447,660
Total liabilities and equity 4,171,987 4,142,834
Operating Partnership    
Investment properties:    
Land and improvements 216,032 211,253
Building and improvements 3,649,360 3,623,962
Tenant improvements 47,919 36,497
Acquired lease intangibles 390,557 452,384
Gross real estate property 4,303,868 4,324,096
Accumulated depreciation (480,083) (411,052)
Net real estate property 3,823,785 3,913,044
Right-of-use lease assets, net 125,775  
Real estate loans receivable 82,584 55,659
Investments in unconsolidated entities 1,331 1,330
Net real estate investments 4,033,475 3,970,033
Cash and cash equivalents 6,883 19,161
Tenant receivables, net 7,662 8,881
Other assets 123,967 144,759
Total assets 4,171,987 4,142,834
Liabilities:    
Credit facility 462,397 457,388
Notes payable 967,358 966,961
Mortgage debt 99,206 108,504
Accounts payable 5,489 3,886
Dividends and distributions payable 44,530 43,821
Accrued expenses and other liabilities 73,040 76,282
Lease liabilities 60,692  
Acquired lease intangibles, net 6,903 13,585
Total liabilities 1,719,615 1,670,427
Redeemable noncontrolling interest - Series A Preferred Units and partially owned properties 26,929 24,747
Equity:    
General partners’ capital, 185,315,334 and 182,416,007 units issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 2,350,033 2,365,072
Limited partners’ capital, 5,497,445 and 5,182,784 units issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 69,719 67,477
Accumulated other comprehensive income 5,399 14,433
Total partners’ capital 2,425,151 2,446,982
Noncontrolling interests:    
Noncontrolling interest - partially owned properties 292 678
Total capital 2,425,443 2,447,660
Total liabilities and equity $ 4,171,987 $ 4,142,834