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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Investments in real estate:    
Investments in real estate, at cost $ 716,581 $ 689,112
Accumulated depreciation (31,188) (23,376)
Investments in real estate, net 685,393 665,736
Cash and cash equivalents 21,568 14,763
Restricted cash 6,335 5,206
Accounts receivable and other assets 6,689 2,270
Intangible assets, net of accumulated amortization of $7,633 and $4,346, respectively 182 3,251
Deferred costs, net of accumulated amortization of $815 and $505, respectively 2,992 2,924
Total Assets 723,159 694,150
LIABILITIES AND EQUITY:    
Indebtedness 457,202 418,901
Accounts payable and accrued expenses 10,922 8,353
Accrued interest payable 30 49
Dividends payable 1,982 1,982
Other liabilities 1,893 1,831
Total Liabilities $ 472,029 $ 431,116
Stockholders' equity:    
Preferred stock, $0.01 par value; 50,000,000 shares authorized, 0 and 0 shares issued and outstanding, respectively    
Common stock, $0.01 par value; 300,000,000 shares authorized, 31,933,218 and 31,800,076 shares issued and outstanding, including 124,000 and 36,000 unvested restricted common share awards, respectively $ 318 $ 318
Additional paid-in capital 267,566 267,683
Retained earnings (accumulated deficit) (28,065) (16,728)
Total stockholders' equity 239,819 251,273
Noncontrolling interests 11,311 11,761
Total Equity 251,130 263,034
Total Liabilities and Equity $ 723,159 $ 694,150