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Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Schedule of Real Estate Properties

The Company’s investment properties as of December 31, 2019 and December 31, 2018 were as follows:

($ in thousands)		Balance at
		December 31, 2019				December 31, 2018
Investment properties, at cost:
Land, buildings and improvements		$	3,038,412			$	3,600,743
Furniture, equipment and other		7,775				7,741
Construction in progress		41,204				32,636
		$	3,087,391			$	3,641,120

Summary of Cash, Cash Equivalents, and Restricted Cash

The following is a summary of our cash, cash equivalents, and restricted cash total as presented in our statements of cash flows for the years ended December 31, 2019, 2018, and 2017:

		2019				2018				2017
Cash and cash equivalents		31,336				35,376				24,082
Restricted cash and escrow deposits		21,477				10,130				8,094
Total cash, cash equivalents, restricted cash, and escrow deposits		$	52,813			$	45,506			$	32,176

Schedule of Concentration by Risk Factor

Total billed receivables due from tenants leasing space in the states of Florida, Indiana, and Texas, consisted of the following as of December 31, 2019 and 2018: 

	As of December 31, 2019
	2019			2018
Florida	36	%		56	%
Indiana	19	%		14	%
Texas	7	%		3	%

For the years ended December 31, 2019, 2018, and 2017, the Company's revenue recognized from tenants leasing space in the states of Florida, Indiana, and Texas, were as follows:  

	Year Ended December 31,
	2019			2018			2017
Florida	25	%		25	%		24	%
Indiana	16	%		15	%		14	%
Texas	14	%		12	%		13	%

Schedule of Tax Characterization of Dividends Paid

A summary of the tax characterization of the dividends paid by the Parent Company for the years ended December 31, 2019, 2018, and 2017 is as follows:

		2019			2018			2017
Ordinary income		29.7	%		56.0	%		65.2	%
Return of capital		35.2	%		44.0	%		24.3	%
Capital gains		35.1	%		—	%		10.5	%
Balance, end of year		100.0	%		100.0	%		100.0	%

Schedule of Stockholders Equity

The non-redeemable noncontrolling interests in consolidated properties for the years ended December 31, 2019, 2018, and 2017 were as follows:

($ in thousands)		2019				2018				2017
Noncontrolling interests balance January 1		$	698			$	698			$	692
Net income allocable to noncontrolling interests,   excluding redeemable noncontrolling interests		—				—				6
Distributions to noncontrolling interests		—				—				—
Noncontrolling interests balance at December 31		$	698			$	698			$	698

Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net

For the years ended December 31, 2019, 2018, and 2017, the weighted average interests of the Parent Company and the limited partners in the Operating Partnership were as follows:  

		Year Ended December 31,
		2019			2018			2017
Parent Company’s weighted average interest in   Operating Partnership		97.6	%		97.6	%		97.7	%
Limited partners' weighted average interests in Operating Partnership		2.4	%		2.4	%		2.3	%

Redeemable Noncontrolling Interest

The redeemable noncontrolling interests in the Operating Partnership and subsidiaries for the years ended December 31, 2019, 2018, and 2017 were as follows: 

($ in thousands)		2019				2018				2017
Redeemable noncontrolling interests balance January 1		$	45,743			$	72,104			$	88,165
Net income allocable to redeemable noncontrolling interests		532				116				2,009
Distributions declared to redeemable noncontrolling interests		(3,191		)		(3,788		)		(4,155		)
Payment for partial redemption of redeemable noncontrolling interests		—				(22,461		)		(8,261		)
Other, net including adjustments to redemption value		9,490				(228		)		(5,654		)
Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at December 31		$	52,574			$	45,743			$	72,104
Limited partners' interests in Operating Partnership		$	42,504			$	35,673			$	39,573
Other redeemable noncontrolling interests in certain subsidiaries		10,070				10,070				32,531
Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at December 31		$	52,574			$	45,743			$	72,104

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