Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Real estate properties
Land and land improvements	$ 52,520	$ 50,270
Buildings, improvements, and lease intangibles	425,763	394,527
Personal property	135	133
Total real estate properties	478,418	444,930
Less accumulated depreciation	(60,544)	(55,298)
Total real estate properties, net	417,874	389,632
Cash and cash equivalents	3,868	2,007
Restricted cash	166	385
Other assets, net	34,822	34,546
Total assets	456,730	426,570
Liabilities
Debt, net	179,117	147,766
Accounts payable and accrued liabilities	3,351	3,196
Other liabilities	4,579	3,949
Total liabilities	187,047	154,911
Commitments and contingencies
Stockholders' Equity
Preferred stock, $0.01 par value; 50,000,000 shares authorized; none issued and outstanding	0	0
Common stock, $0.01 par value; 450,000,000 shares authorized; 18,862,792 and 18,634,502 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	189	186
Additional paid-in capital	342,654	337,180
Cumulative net income	10,628	9,178
Accumulated other comprehensive (loss) income	(642)	633
Cumulative dividends	(83,146)	(75,518)
Total stockholders’ equity	269,683	271,659
Total liabilities and stockholders' equity	$ 456,730	$ 426,570