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Basis of Presentation and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of Real Estate Properties
The Company’s investment properties as of December 31, 2020 and December 31, 2019 were as follows:
($ in thousands)Balance at
December 31,
2020
December 31,
2019
Investment properties, at cost:  
Land, buildings and improvements$3,109,122 $3,038,412 
Furniture, equipment and other6,979 7,775 
Construction in progress27,860 41,204 
 $3,143,961 $3,087,391 
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, 2020, 2019, and 2018:

202020192018
Cash and cash equivalents43,648 31,336 35,376 
Restricted cash and escrow deposits2,938 21,477 10,130 
Total cash, cash equivalents, restricted cash, and escrow deposits$46,586 $52,813 $45,506 
Schedule of Concentration by Risk Factor
Total billed receivables due from tenants leasing space in the states of Florida, Indiana, Texas, North Carolina, and Nevada, consisted of the following as of December 31, 2020: 

Florida39 %
Indiana14 %
Texas%
North Carolina11 %
Nevada%

For the year ended December 31, 2020, the Company's revenue recognized from tenants leasing space in the states of Florida, Indiana, Texas, North Carolina, and Nevada, were as follows:  

Florida26 %
Indiana15 %
Texas14 %
North Carolina12 %
Nevada11 %
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, 2020, 2019, and 2018 is as follows:
202020192018
Ordinary income89.3 %29.7 %56.0 %
Return of capital— %35.2 %44.0 %
Capital gains10.7 %35.1 %— %
Balance, end of year100.0 %100.0 %100.0 %
Schedule of Stockholders Equity The non-redeemable noncontrolling interests in consolidated properties for the years ended December 31, 2020, 2019, and 2018 were as follows:
($ in thousands)202020192018
Noncontrolling interests balance January 1$698 $698 $698 
Net income allocable to noncontrolling interests,
  excluding redeemable noncontrolling interests
— — — 
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, 2020, 2019, and 2018, the weighted average interests of the Parent Company and the limited partners in the Operating Partnership were as follows:  
 Year Ended December 31,
 202020192018
Parent Company’s weighted average interest in Operating Partnership97.4 %97.6 %97.6 %
Limited partners' weighted average interests in Operating Partnership 2.6 %2.4 %2.4 %
Redeemable Noncontrolling Interest
The redeemable noncontrolling interests in the Operating Partnership and subsidiaries for the years ended December 31, 2020, 2019, and 2018 were as follows: 
 
($ in thousands)202020192018
Redeemable noncontrolling interests balance January 1$52,574 $45,743 $72,104 
Net income allocable to redeemable noncontrolling interests100 532 116 
Distributions declared to redeemable noncontrolling interests(1,533)(3,191)(3,788)
Payment for partial redemption of redeemable noncontrolling interests— — (22,461)
Other, net including adjustments to redemption value(7,866)9,490 (228)
Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at December 31$43,275 $52,574 $45,743 
Limited partners' interests in Operating Partnership$33,205 $42,504 $35,673 
Other redeemable noncontrolling interests in certain subsidiaries10,070 10,070 10,070 
Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at December 31$43,275 $52,574 $45,743