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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Real estate investments:    
Land $ 85,184 $ 80,024
Buildings and improvements 903,979 869,814
Accumulated depreciation and amortization (237,024) (223,315)
Net real estate property 752,139 726,523
Mortgage loans receivable, net of loan loss reserve: 2015—$2,061; 2014—$1,673 204,031 165,656
Real estate investments, net 956,170 892,179
Investment in unconsolidated joint ventures 20,722  
Investments, net 976,892 892,179
Other assets:    
Cash and cash equivalents 8,051 25,237
Debt issue costs, net 3,490 3,782
Interest receivable 2,129 597
Straight-line rent receivable, net of allowance for doubtful accounts: 2015—$775; 2014—$731 37,060 32,651
Prepaid expenses and other assets 13,048 9,931
Notes receivable 2,380 1,442
Total assets 1,043,050 965,819
LIABILITIES    
Bank borrowings 80,500  
Senior unsecured notes 277,467 281,633
Accrued interest 3,574 3,556
Earn-out liabilities 3,367 3,258
Accrued expenses and other liabilities 18,620 17,251
Total liabilities 383,528 305,698
Stockholders' equity:    
Preferred stock $0.01 par value; 15,000 shares authorized; shares issued and outstanding: 2015—2,000; 2014—2,000 38,500 38,500
Common stock: $0.01 par value; 60,000 shares authorized; shares issued and outstanding: 2015—35,570; 2014—35,480 356 355
Capital in excess of par value 719,216 717,396
Cumulative net income 890,727 855,247
Accumulated other comprehensive income 65 82
Cumulative distributions (989,342) (951,459)
Total equity 659,522 660,121
Total liabilities and equity $ 1,043,050 $ 965,819