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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Investments in real estate:    
Investments in real estate, at cost $ 1,316,725 $ 1,372,015
Accumulated depreciation (52,824) (39,638)
Investments in real estate, net 1,263,901 1,332,377
Cash and cash equivalents 29,247 38,301
Restricted cash 8,028 5,413
Accounts receivable and other assets 5,066 3,362
Intangible assets, net of accumulated amortization of $0 and $3,736, respectively   3,735
Total Assets 1,306,242 1,383,188
LIABILITIES AND EQUITY:    
Indebtedness, net of unamortized discount and deferred financing costs of $7,497 and $8,920, respectively 880,581 966,611
Accounts payable and accrued expenses 22,231 19,304
Accrued interest payable 830 1,239
Dividends payable 3,009 3,006
Derivative liabilities 696  
Other liabilities 2,857 2,998
Total Liabilities 910,204 993,158
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, 47,509,731 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 381,106 378,187
Accumulated other comprehensive income (727) (8)
Retained earnings (accumulated deficit) (8,833) (14,500)
Total stockholders’ equity 372,021 364,150
Noncontrolling interests 24,017 25,880
Total Equity 396,038 390,030
Total Liabilities and Equity $ 1,306,242 $ 1,383,188