XML 14 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Investments in real estate:    
Investments in real estate, at cost $ 1,669,875 $ 1,660,423
Accumulated depreciation (124,107) (112,270)
Investments in real estate, net 1,545,768 1,548,153
Real estate held for sale 77,430 77,285
Cash and cash equivalents 9,030 9,316
Restricted cash 7,122 6,729
Accounts receivable and other assets 10,984 8,802
Derivative assets 5,327 8,307
Intangible assets, net of accumulated amortization of $530 and $787, respectively 188 744
Total Assets 1,655,849 1,659,336
LIABILITIES AND EQUITY:    
Indebtedness, net of unamortized deferred financing costs of $5,588 and $5,927, respectively 990,920 985,488
Accounts payable and accrued expenses 22,092 22,815
Accrued interest payable 681 719
Dividends payable 16,267 16,162
Derivative liabilities 1,460  
Other liabilities 7,355 4,107
Total Liabilities 1,038,775 1,029,291
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, 89,834,793 and 89,184,443 shares issued and outstanding, including 341,360 and 303,819 unvested restricted common share awards, respectively 898 892
Additional paid-in capital 747,731 742,429
Accumulated other comprehensive income (loss) (2,308) 2,016
Retained earnings (accumulated deficit) (136,120) (122,342)
Total stockholders’ equity 610,201 622,995
Noncontrolling interests 6,873 7,050
Total Equity 617,074 630,045
Total Liabilities and Equity $ 1,655,849 $ 1,659,336