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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Investments in real estate:    
Investments in real estate, at cost $ 1,638,544 $ 1,504,156
Accumulated depreciation (94,001) (84,097)
Investments in real estate, net 1,544,543 1,420,059
Cash and cash equivalents 10,399 9,985
Restricted cash 5,645 4,634
Accounts receivable and other assets 5,318 7,556
Derivative assets 10,525 7,291
Intangible assets, net of accumulated amortization of $839 and $1,511, respectively 1,449 1,099
Total Assets 1,577,879 1,450,624
LIABILITIES AND EQUITY:    
Indebtedness, net of unamortized deferred financing costs of $6,118 and $6,198, respectively 903,286 778,442
Accounts payable and accrued expenses 17,896 17,216
Accrued interest payable 373 249
Dividends payable 15,754 5,245
Other liabilities 3,580 3,353
Total Liabilities 940,889 804,505
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, 86,973,397 and 84,708,551 shares issued and outstanding, including 351,998 and 295,847 unvested restricted common share awards, respectively 868 846
Additional paid-in capital 718,260 703,849
Accumulated other comprehensive income 7,890 4,626
Retained earnings (accumulated deficit) (97,581) (85,221)
Total stockholders’ equity 629,437 624,100
Noncontrolling interests 7,553 22,019
Total Equity 636,990 646,119
Total Liabilities and Equity $ 1,577,879 $ 1,450,624