Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Real estate investments
Land	$ 450,256	$ 422,546
Buildings and equipment	1,257,886	1,214,697
Construction in progress	80,163	63,570
Real estate investments	1,788,305	1,700,813
Accumulated depreciation	(478,284)	(458,279)
Real estate investments, net	1,310,021	1,242,534
Cash and cash equivalents	9,385	8,322
Accounts receivable and accrued income, net	55,619	52,774
Deferred leasing costs, net	27,679	25,983
Prepaid expenses, net	8,901	5,057
Other assets	12,123	8,355
Total assets	1,423,728	1,343,025
Liabilities
Notes payable	873,538	783,400
Revolving credit facility payable	88,608	48,217
Construction loan payable	0	68,672
Dividends and distributions payable	18,143	17,953
Accounts payable, accrued expenses and other liabilities	24,267	20,838
Deferred income	31,040	30,696
Total liabilities	1,035,596	969,776
Equity
Preferred stock, 1,000,000 shares authorized: Series C Cumulative Redeemable, 72,000 shares issued and outstanding	180,000	180,000
Common stock, $0.01 par value, 40,000,000 shares authorized, 21,985,890 and 21,704,359 shares issued and outstanding, respectively	220	217
Additional paid-in capital	344,820	328,171
Accumulated deficit	(194,659)	(188,584)
Accumulated other comprehensive loss	(925)	(1,299)
Total Saul Centers, Inc. equity	329,456	318,505
Noncontrolling interest	58,676	54,744
Total equity	388,132	373,249
Total liabilities and equity	$ 1,423,728	$ 1,343,025