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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 168,618 $ 168,954
Restricted cash 17,522 34,352
Real estate:    
Land 584,291 445,674
Building and improvements 4,104,782 3,112,253
Tenant origination and absorption cost 876,324 740,489
Construction in progress 4,763 11,886
Total real estate 5,570,160 4,310,302
Less: accumulated depreciation and amortization (993,323) (817,773)
Total real estate, net 4,576,837 3,492,529
Intangible assets, net 43,100 10,035
Deferred rent receivable 108,896 98,116
Deferred leasing costs, net 44,505 45,966
Goodwill 229,948 229,948
Due from affiliates 271 1,411
Right of use assets 39,482 39,935
Other assets 43,838 30,604
Total assets 5,273,017 4,151,850
LIABILITIES AND EQUITY    
Debt, net 2,532,377 2,140,427
Restricted reserves 8,644 12,071
Interest rate swap liability 25,108 53,975
Redemptions payable 0 5,345
Distributions payable 12,396 9,430
Due to affiliates 2,418 3,272
Intangible liabilities, net 30,626 27,333
Lease liability 50,896 45,646
Accrued expenses and other liabilities 109,121 114,434
Total liabilities 2,771,586 2,411,933
Commitments and contingencies
Noncontrolling interests subject to redemption; 556,099 and 556,099 units as of December 31, 2021 and December 31, 2020, respectively 4,768 4,610
Stockholders’ equity:    
Common stock, $0.001 par value; 800,000,000 shares authorized; 324,638,112 and 230,320,668 shares outstanding in the aggregate as of December 31, 2021 and December 31, 2020, respectively(1) [1] 325 230
Additional paid-in-capital 2,951,972 2,103,028
Cumulative distributions (922,562) (813,892)
Accumulated earnings 141,983 140,354
Accumulated other comprehensive loss (18,708) (48,001)
Total stockholders’ equity 2,153,010 1,381,719
Noncontrolling interests 218,653 226,550
Total equity 2,371,663 1,608,269
Total liabilities and equity 5,273,017 4,151,850
Perpetual Convertible Preferred Shares    
LIABILITIES AND EQUITY    
Perpetual convertible preferred shares and common stock subject to redemption 125,000 125,000
Common Stock    
LIABILITIES AND EQUITY    
Perpetual convertible preferred shares and common stock subject to redemption $ 0 $ 2,038
[1] See Note 9, Equity, for the number of shares outstanding of each class of common stock as of December 31, 2021.