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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Investments in real estate:    
Investments in real estate, at cost $ 1,427,057 $ 1,249,356
Accumulated depreciation (75,084) (51,511)
Investments in real estate, net 1,351,973 1,197,845
Real estate held for sale 22,031 60,786
Cash and cash equivalents 10,128 20,892
Restricted cash 6,665 5,518
Accounts receivable and other assets 9,416 5,211
Derivative assets 3,581 3,867
Intangible assets, net of accumulated amortization of $664 and $0, respectively 1,418 118
Total Assets 1,405,212 1,294,237
LIABILITIES AND EQUITY:    
Indebtedness, net of unamortized deferred financing costs of $5,697 and $6,371, respectively 731,625 743,817
Accounts payable and accrued expenses 23,236 14,028
Accrued interest payable 134 491
Dividends payable 5,176 4,297
Other liabilities 3,063 2,913
Total Liabilities 763,234 765,546
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, 83,518,602 and 68,996,070 shares issued and outstanding, including 295,846 and 281,000 unvested restricted common share awards, respectively 835 690
Additional paid-in capital 691,550 564,633
Accumulated other comprehensive income 3,466 3,683
Retained earnings (accumulated deficit) (76,419) (62,181)
Total stockholders’ equity 619,432 506,825
Noncontrolling interests 22,546 21,866
Total Equity 641,978 528,691
Total Liabilities and Equity $ 1,405,212 $ 1,294,237