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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Investments in real estate:    
Investments in real estate, at cost $ 1,249,356 $ 1,372,015
Accumulated depreciation (51,511) (39,638)
Investments in real estate, net 1,197,845 1,332,377
Real estate held for sale (see Note 4) 60,786  
Cash and cash equivalents 20,892 38,301
Restricted cash 5,518 5,413
Accounts receivable and other assets 5,211 3,362
Derivative assets 3,867  
Intangible assets, net of accumulated amortization of $0 and $11,551, respectively 118 3,735
Total Assets 1,294,237 1,383,188
LIABILITIES AND EQUITY:    
Indebtedness, net of unamortized discount and deferred financing costs of $6,371 and $8,920, respectively 743,817 966,611
Accounts payable and accrued expenses 14,028 19,304
Accrued interest payable 491 1,239
Dividends payable 4,297 3,006
Other liabilities 2,913 2,998
Total Liabilities 765,546 993,158
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, 68,996,070 and 47,070,678 shares issued and outstanding, including 281,000 and 117,000 unvested restricted common share awards, respectively 690 471
Additional paid in capital 564,633 378,187
Accumulated other comprehensive income (loss) 3,683 (8)
Retained earnings (accumulated deficit) (62,181) (14,500)
Total stockholders’ equity 506,825 364,150
Noncontrolling interests 21,866 25,880
Total Equity 528,691 390,030
Total Liabilities and Equity $ 1,294,237 $ 1,383,188