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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Investments in real estate:    
Investments in real estate, at cost $ 1,314,115 $ 1,372,015
Accumulated depreciation (45,059) (39,638)
Investments in real estate, net 1,269,056 1,332,377
Cash and cash equivalents 28,051 38,301
Restricted cash 6,779 5,413
Accounts receivable and other assets 3,985 3,362
Intangible assets, net of accumulated amortization of $0 and $3,736, respectively   3,735
Total Assets 1,307,871 1,383,188
LIABILITIES AND EQUITY:    
Indebtedness, net of unamortized discount and deferred financing costs of $8,094 and $8,920, respectively 880,288 966,611
Accounts payable and accrued expenses 17,807 19,304
Accrued interest payable 701 1,239
Dividends payable 3,009 3,006
Derivative liabilities 1,163  
Other liabilities 2,955 2,998
Total Liabilities 905,923 993,158
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, 47,476,250 and 47,070,678 shares issued and outstanding, including 284,339 and 117,000 unvested restricted common share awards, respectively 475 471
Additional paid-in capital 380,532 378,187
Accumulated other comprehensive income (1,195) (8)
Retained earnings (accumulated deficit) (2,601) (14,500)
Total stockholders’ equity 377,211 364,150
Noncontrolling interests 24,737 25,880
Total Equity 401,948 390,030
Total Liabilities and Equity $ 1,307,871 $ 1,383,188