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Consolidated and Combined Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Real estate, at cost:    
Land $ 382,513 $ 389,080
Buildings and improvements 1,613,510 1,630,539
Construction in progress 94,506 61,147
Furniture, fixtures and equipment 3,891 3,876
Total 2,094,420 2,084,642
Accumulated depreciation and amortization (519,775) (509,112)
Real estate, net 1,574,645 1,575,530
Cash and cash equivalents 162,354 168,983
Cash held in escrow and restricted cash 8,081 9,042
Tenant and other receivables, net of allowance for doubtful accounts of $2,061 and $1,926, respectively 9,306 10,364
Receivable arising from the straight-lining of rents, net of allowance for doubtful accounts of $181 and $148, respectively 89,046 88,778
Identified intangible assets, net of accumulated amortization of $22,781 and $22,090, respectively 33,262 33,953
Deferred leasing costs, net of accumulated amortization of $13,503 and $12,987, respectively 18,479 18,455
Deferred financing costs, net of accumulated amortization of $887 and $709, respectively 2,661 2,838
Prepaid expenses and other assets 10,160 10,988
Total assets 1,907,994 1,918,931
Liabilities:    
Mortgages payable, net 1,230,349 1,233,983
Identified intangible liabilities, net of accumulated amortization of $67,117 and $65,220, respectively 152,958 154,855
Accounts payable and accrued expenses 39,508 45,331
Other liabilities 13,702 13,308
Total liabilities $ 1,436,517 $ 1,447,477
Commitments and contingencies
Shareholders’ equity:    
Common shares: $0.01 par value; 500,000,000 shares authorized and 99,381,500 and 99,290,952 shares issued and outstanding, respectively $ 994 $ 993
Additional paid-in capital 476,227 475,369
Accumulated deficit (39,638) (38,442)
Noncontrolling interests:    
Redeemable noncontrolling interests 33,541 33,177
Noncontrolling interest in consolidated subsidiaries 353 357
Total equity 471,477 471,454
Total liabilities and equity $ 1,907,994 $ 1,918,931