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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Investments in real estate    
Land $ 1,046,485 $ 833,995
Buildings and improvements 896,826 837,816
Construction in progress 96,917 94,695
Intangible assets 89,926 79,270
Total investments in properties 2,130,154 1,845,776
Accumulated depreciation and amortization (199,838) (169,772)
Net investments in properties 1,930,316 1,676,004
Properties held for sale, net 6,005 0
Net investments in real estate 1,936,321 1,676,004
Cash and cash equivalents 54,553 31,004
Restricted cash 2,862 3,475
Senior secured loan, net 15,816 54,492
Other assets, net 35,699 31,529
Total assets 2,045,251 1,796,504
Liabilities    
Credit facility 0 19,000
Term loans payable, net 149,312 149,067
Senior unsecured notes, net 248,488 248,263
Mortgage loans payable, net 44,686 45,767
Security deposits 13,501 11,933
Intangible liabilities, net 29,664 23,093
Dividends payable 18,093 14,643
Performance share awards payable 10,189 12,048
Accounts payable and other liabilities 25,432 24,893
Total liabilities 539,365 548,707
Commitments and contingencies (Note 13)
Stockholders’ equity    
Common stock: $0.01 par value, 400,000,000 shares authorized, and 67,012,010 and 61,013,711 shares issued and outstanding, respectively 670 610
Additional paid-in capital 1,499,779 1,233,763
Retained earnings 5,958 14,185
Accumulated other comprehensive loss (521) (761)
Total stockholders’ equity 1,505,886 1,247,797
Total liabilities and equity $ 2,045,251 $ 1,796,504