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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Investments in real estate:    
Investments in real estate, at cost $ 1,504,156 $ 1,249,356
Accumulated depreciation (84,097) (51,511)
Investments in real estate, net 1,420,059 1,197,845
Real estate held for sale (see Note 4) 0 60,786
Cash and cash equivalents 9,985 20,892
Restricted cash 4,634 5,518
Accounts receivable and other assets 7,556 5,211
Derivative assets 7,291 3,867
Intangible assets, net of accumulated amortization of $1,511 and $0, respectively 1,099 118
Total Assets 1,450,624 1,294,237
LIABILITIES AND EQUITY:    
Indebtedness, net of unamortized discount and deferred financing costs of $6,198 and $6,371, respectively 778,442 743,817
Accounts payable and accrued expenses 17,216 14,028
Accrued interest payable 249 491
Dividends payable 5,245 4,297
Other liabilities 3,353 2,913
Total Liabilities 804,505 765,546
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, 84,708,551 and 68,996,070 shares issued and outstanding, including 295,847 and 281,005 unvested restricted common share awards, respectively 846 690
Additional paid in capital 703,849 564,633
Accumulated other comprehensive income (loss) 4,626 3,683
Retained earnings (accumulated deficit) (85,221) (62,181)
Total stockholders’ equity 624,100 506,825
Noncontrolling interests 22,019 21,866
Total Equity 646,119 528,691
Total Liabilities and Equity $ 1,450,624 $ 1,294,237