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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Investments in real estate:    
Investments in real estate, at cost $ 1,660,423 $ 1,504,156
Accumulated depreciation (112,270) (84,097)
Investments in real estate, net 1,548,153 1,420,059
Real estate held for sale (see Note 4) 77,285  
Cash and cash equivalents 9,316 9,985
Restricted cash 6,729 4,634
Accounts receivable and other assets 8,802 7,556
Derivative assets 8,307 7,291
Intangible assets, net of accumulated amortization of $787 and $1,511, respectively 744 1,099
Total Assets 1,659,336 1,450,624
LIABILITIES AND EQUITY:    
Indebtedness, net of unamortized deferred financing costs of $5,927 and $6,198, respectively 985,488 778,442
Accounts payable and accrued expenses 22,815 17,216
Accrued interest payable 719 249
Dividends payable 16,162 5,245
Other liabilities 4,107 3,353
Total Liabilities 1,029,291 804,505
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, 89,184,443 and 84,708,551 shares issued and outstanding, including 303,819 and 295,847 unvested restricted common share awards, respectively 892 846
Additional paid in capital 742,429 703,849
Accumulated other comprehensive income (loss) 2,016 4,626
Retained earnings (accumulated deficit) (122,342) (85,221)
Total stockholders’ equity 622,995 624,100
Noncontrolling interests 7,050 22,019
Total Equity 630,045 646,119
Total Liabilities and Equity $ 1,659,336 $ 1,450,624