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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Investments in real estate:    
Investments in real estate, at cost $ 1,340,573 $ 1,249,356
Accumulated depreciation (66,853) (51,511)
Investments in real estate, net 1,273,720 1,197,845
Real estate held for sale 21,964 60,786
Cash and cash equivalents 6,271 20,892
Restricted cash 5,690 5,518
Accounts receivable and other assets 5,114 5,211
Derivative assets 3,619 3,867
Intangible assets, net of accumulated amortization of $248 and $0, respectively 799 118
Total Assets 1,317,177 1,294,237
LIABILITIES AND EQUITY:    
Indebtedness, net of unamortized deferred financing costs of $5,979 and $6,371, respectively 764,521 743,817
Accounts payable and accrued expenses 16,940 14,028
Accrued interest payable 176 491
Dividends payable 4,313 4,297
Other liabilities 2,906 2,913
Total Liabilities 788,856 765,546
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, 69,143,955 and 68,996,070 shares issued and outstanding, including 296,957 and 281,000 unvested restricted common share awards, respectively 691 690
Additional paid-in capital 565,372 564,633
Accumulated other comprehensive income 3,468 3,683
Retained earnings (accumulated deficit) (64,260) (62,181)
Total stockholders’ equity 505,271 506,825
Noncontrolling interests 23,050 21,866
Total Equity 528,321 528,691
Total Liabilities and Equity $ 1,317,177 $ 1,294,237