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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Investment properties:    
Land and improvements $ 228,067 $ 225,540
Building and improvements 3,754,098 3,700,009
Tenant improvements 55,524 53,931
Acquired lease intangibles 397,135 390,450
Gross real estate property 4,434,824 4,369,930
Accumulated depreciation (578,274) (540,928)
Net real estate property 3,856,550 3,829,002
Right-of-use lease assets, net 138,864 127,933
Real estate loans receivable 135,818 178,240
Investments in unconsolidated entities 64,319 66,137
Net real estate investments 4,195,551 4,201,312
Cash and cash equivalents 2,612 2,355
Tenant receivables, net 9,211 7,972
Other assets 133,434 134,942
Total assets 4,340,808 4,346,581
Liabilities:    
Credit facility 404,838 583,323
Notes payable 968,001 967,789
Mortgage debt 59,354 83,341
Accounts payable 2,709 6,348
Dividends and distributions payable 49,138 46,272
Accrued expenses and other liabilities 72,945 81,238
Lease liabilities 74,121 63,290
Acquired lease intangibles, net 6,402 6,096
Total liabilities 1,637,508 1,837,697
Redeemable noncontrolling interest - Series A Preferred Units and partially owned properties 27,875 27,900
Equity:    
Common shares, $0.01 par value, 500,000,000 common shares authorized, 202,555,703 and 189,975,396 common shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 2,026 1,900
Additional paid-in capital 3,169,670 2,931,921
Accumulated deficit (563,742) (529,194)
Accumulated other comprehensive (loss) income (5,665) 4,321
Total shareholders’ equity 2,602,289 2,408,948
Noncontrolling interests:    
Operating Partnership 72,771 71,697
Partially owned properties 365 339
Total noncontrolling interests 73,136 72,036
Total equity 2,675,425 2,480,984
Total liabilities and equity 4,340,808 4,346,581
Operating Partnership    
Investment properties:    
Land and improvements 228,067 225,540
Building and improvements 3,754,098 3,700,009
Tenant improvements 55,524 53,931
Acquired lease intangibles 397,135 390,450
Gross real estate property 4,434,824 4,369,930
Accumulated depreciation (578,274) (540,928)
Net real estate property 3,856,550 3,829,002
Right-of-use lease assets, net 138,864 127,933
Real estate loans receivable 135,818 178,240
Investments in unconsolidated entities 64,319 66,137
Net real estate investments 4,195,551 4,201,312
Cash and cash equivalents 2,612 2,355
Tenant receivables, net 9,211 7,972
Other assets 133,434 134,942
Total assets 4,340,808 4,346,581
Liabilities:    
Credit facility 404,838 583,323
Notes payable 968,001 967,789
Mortgage debt 59,354 83,341
Accounts payable 2,709 6,348
Dividends and distributions payable 49,138 46,272
Accrued expenses and other liabilities 72,945 81,238
Lease liabilities 74,121 63,290
Acquired lease intangibles, net 6,402 6,096
Total liabilities 1,637,508 1,837,697
Redeemable noncontrolling interest - Series A Preferred Units and partially owned properties 27,875 27,900
Equity:    
General partner’s capital, 202,555,703 and 189,975,396 units issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 2,607,954 2,404,627
Limited partners’ capital, 5,663,554 and 5,666,109 units issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 72,771 71,697
Accumulated other comprehensive (loss) income (5,665) 4,321
Total partners’ capital 2,675,060 2,480,645
Noncontrolling interests:    
Noncontrolling interest - partially owned properties 365 339
Total capital 2,675,425 2,480,984
Total liabilities and equity $ 4,340,808 $ 4,346,581