Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Real estate investments
Land	$ 424,837	$ 420,622
Buildings and equipment	1,110,255	1,109,276
Construction in progress	69,175	30,261
Real estate investments	1,604,267	1,560,159
Accumulated depreciation	(416,531)	(396,617)
Real estate investments, net	1,187,736	1,163,542
Cash and cash equivalents	8,922	12,128
Accounts receivable and accrued income, net	50,843	46,784
Deferred leasing costs, net	26,891	26,928
Prepaid expenses, net	8,115	4,093
Deferred debt costs, net	9,091	9,874
Other assets	5,352	3,638
Total assets	1,296,950	1,266,987
Liabilities
Notes payable	807,990	808,997
Revolving credit facility payable	30,000	43,000
Construction loan payable	31,413	5,391
Dividends and distributions payable	15,329	14,352
Accounts payable, accrued expenses and other liabilities	31,701	23,537
Deferred income	32,520	32,453
Total liabilities	948,953	927,730
Preferred stock, 1,000,000 shares authorized:
Common stock, $0.01 par value, 40,000,000 shares authorized, 21,177,762 and 20,947,141 shares issued and outstanding, respectively	212	209
Additional paid-in capital	300,230	287,995
Accumulated deficit	(179,102)	(173,774)
Accumulated other comprehensive loss	(2,272)	(1,894)
Total Saul Centers, Inc. stockholders’ equity	299,068	292,536
Noncontrolling interest	48,929	46,721
Total stockholders’ equity	347,997	339,257
Total liabilities and stockholders’ equity	1,296,950	1,266,987
Series C Preferred Stock
Preferred stock, 1,000,000 shares authorized:
Series C Cumulative Redeemable, 72,000 shares issued and outstanding	$ 180,000	$ 180,000