XML 29 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Investments in real estate    
Land $ 313,260 $ 301,802
Buildings and improvements 341,582 317,944
Intangible assets 34,187 32,093
Total investments in properties 689,029 651,839
Accumulated depreciation and amortization (31,631) (27,103)
Net investments in properties 657,398 624,736
Cash and cash equivalents 5,200 6,989
Restricted cash 2,861 2,560
Deferred financing costs, net 1,743 1,896
Other assets, net 10,668 9,143
Total assets 677,870 645,324
Liabilities    
Credit facility 67,500 31,000
Term loan payable 50,000 50,000
Mortgage loans payable 104,384 108,313
Security deposits 4,205 3,733
Intangible liabilities, net 3,855 3,989
Dividends payable 3,254 3,249
Accounts payable and other liabilities 8,239 6,205
Total liabilities 241,437 206,489
Commitments and contingencies (Note 9)      
Stockholders' equity    
Preferred stock: $0.01 par value, 100,000,000 shares authorized, and 1,840,000 and 1,840,000 shares (liquidation preference of $25.00 per share) issued and outstanding, respectively 46,000 46,000
Common stock: $0.01 par value, 400,000,000 shares authorized, and 25,028,649 and 24,990,120 shares issued and outstanding, respectively 249 249
Additional paid-in capital 390,184 392,586
Accumulated deficit      
Total stockholders' equity 436,433 438,835
Total liabilities and equity $ 677,870 $ 645,324