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CONSOLIDATED BALANCE SHEETS - Unaudited - USD ($)
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Real estate properties $ 2,207,734,000 $ 2,113,073,000
Development 244,313,000 293,908,000
Real estate and development properties 2,452,047,000 2,406,981,000
Less accumulated depreciation (710,875,000) (694,250,000)
Real estate, net 1,741,172,000 1,712,731,000
Unconsolidated investment 7,724,000 7,681,000
Cash 44,000 522,000
Other Assets 107,490,000 104,830,000
TOTAL ASSETS 1,856,430,000 1,825,764,000
LIABILITIES    
Unsecured bank credit facilities 199,305,000 190,990,000
Unsecured debt 652,950,000 652,838,000
Secured debt 253,986,000 257,505,000
Accounts payable and accrued expenses 43,730,000 52,701,000
Other liabilities 31,478,000 29,864,000
Total Liabilities 1,181,449,000 1,183,898,000
Stockholders' Equity:    
Common shares; $.0001 par value; 70,000,000 shares authorized; 33,897,304 shares issued and outstanding at March 31, 2017 and 33,332,213 at December 31, 2016 3,000 3,000
Excess shares; $.0001 par value; 30,000,000 shares authorized; no shares issued 0 0
Additional paid-in capital on common shares 989,009,000 949,318,000
Distributions in excess of earnings (321,775,000) (313,655,000)
Accumulated Other Comprehensive Income 3,405,000 1,995,000
Total Stockholders' Equity 670,642,000 637,661,000
Noncontrolling interest in joint ventures 4,339,000 4,205,000
Total Equity 674,981,000 641,866,000
TOTAL LIABILITIES AND EQUITY $ 1,856,430,000 $ 1,825,764,000