Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Real estate properties
Land	$ 39,584	$ 40,081
Building and improvements	440,927	458,930
Intangible lease assets	11,387	3,441
Furniture, fixtures, and equipment	2,976	2,401
Less accumulated depreciation and amortization	(26,052)	(11,172)
Total real estate properties, net	468,822	493,681
Mortgage notes receivable, net	9,915	9,909
Cash and cash equivalents	9,509	12,474
Other assets, net	31,507	27,603
Total Assets	519,753	543,667
Liabilities
Debt	144,000	247,400
Accounts payable and accrued liabilities	15,244	21,102
Deferred revenue	2,251	3,920
Total liabilities	161,495	272,422
Commitments and contingencies
Equity
Preferred stock, $0.01 par value. Authorized 50,000 shares; 0 and 125 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively		1
Common stock, $0.01 par value. Authorized 400,000 shares; 31,757 and 11,233 issued and outstanding at December 31, 2016 and December 31, 2015, respectively	314	109
Additional paid in capital	372,615	273,740
Dividends declared	(40,951)	(19,876)
Retained earnings	23,774	12,724
Total MedEquities Realty Trust, Inc. stockholders' equity	355,752	266,698
Noncontrolling interest	2,506	4,547
Total equity	358,258	271,245
Total Liabilities and Equity	$ 519,753	$ 543,667

Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.

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- Definition

Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.