Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Real estate investments
Land	$ 450,256	$ 422,546
Buildings and equipment	1,261,830	1,214,697
Construction in progress	91,114	63,570
Total Purchase Price	1,803,200	1,700,813
Accumulated depreciation	(488,166)	(458,279)
Real estate investments, net	1,315,034	1,242,534
Cash and cash equivalents	10,908	8,322
Accounts receivable and accrued income, net	54,057	52,774
Deferred leasing costs, net	27,255	25,983
Prepaid expenses, net	5,248	5,057
Other assets	9,950	8,355
Total assets	1,422,452	1,343,025
Liabilities
Mortgage notes payable	897,888	783,400
Revolving credit facility payable	60,734	48,217
Construction loan payable	0	68,672
Dividends and distributions payable	18,520	17,953
Accounts payable, accrued expenses and other liabilities	23,123	20,838
Deferred income	29,084	30,696
Total liabilities	1,029,349	969,776
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, 22,123,128 and 21,704,359 shares issued and outstanding, respectively	221	217
Additional paid-in capital	352,590	328,171
Accumulated deficit	(197,710)	(188,584)
Accumulated other comprehensive loss	(696)	(1,299)
Total Saul Centers, Inc. equity	334,405	318,505
Noncontrolling interests	58,698	54,744
Total equity	393,103	373,249
Total liabilities and equity	$ 1,422,452	$ 1,343,025