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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Investment in real estate:    
Land $ 1,408,832,000 $ 1,221,375,000
Land improvements 3,143,745,000 3,045,221,000
Buildings and other depreciable property 720,900,000 649,217,000
Investment in real estate 5,273,477,000 4,915,813,000
Accumulated depreciation (1,631,888,000) (1,516,694,000)
Net investment in real estate 3,641,589,000 3,399,119,000
Cash and restricted cash 65,974,000 35,631,000
Notes receivable, net 35,041,000 49,477,000
Investment in unconsolidated joint ventures 57,755,000 53,080,000
Deferred commission expense 40,308,000 31,443,000
Other assets, net 49,227,000 41,282,000
Assets held for sale, net 35,914,000 0
Total Assets 3,925,808,000 3,610,032,000
Liabilities:    
Mortgage notes payable, net 2,149,726,000 1,971,715,000
Term loan, net 198,626,000 198,302,000
Unsecured line of credit 0 30,000,000
Accrued expenses and accounts payable 102,854,000 80,744,000
Deferred revenue-upfront payment from right-to-use contracts 116,363,000 85,596,000
Accrued interest payable 8,759,000 8,387,000
Rents and other customer payments received in advance and security deposits 81,114,000 79,267,000
Distributions payable 52,617,000 46,047,000
Liabilities related to assets held for sale 12,350,000 0
Total Liabilities 2,732,464,000 2,509,990,000
Stockholders' Equity:    
Preferred stock 0 0
Common stock 896,000 883,000
Paid-in capital 1,329,391,000 1,242,109,000
Distributions in excess of accumulated earnings (211,034,000) (211,980,000)
Accumulated other comprehensive income 2,299,000 942,000
Total Stockholders' Equity 1,121,552,000 1,031,954,000
Non-controlling interests – Common OP Units 71,792,000 68,088,000
Total Equity 1,193,344,000 1,100,042,000
Total Liabilities and Equity 3,925,808,000 3,610,032,000
Right-to-use contract upfront payments, deferred, net    
Liabilities:    
Deferred revenue-upfront payment from right-to-use contracts 116,363,000 85,596,000
Right-to-use annual payments    
Liabilities:    
Deferred revenue-upfront payment from right-to-use contracts $ 10,055,000 $ 9,932,000