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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Real estate investments:    
Land $ 114,630 $ 106,841
Buildings and improvements 1,177,829 1,091,845
Accumulated depreciation and amortization (266,581) (251,265)
Real property investments, net 1,025,878 947,421
Mortgage loans receivable, net of loan loss reserve: 2016—$2,360; 2015—$2,190 234,347 217,529
Real estate investments, net 1,260,225 1,164,950
Investment in unconsolidated joint ventures 23,932 24,042
Investments, net 1,284,157 1,188,992
Other assets:    
Cash and cash equivalents 3,613 12,942
Debt issue costs related to bank borrowings 2,112 2,865
Interest receivable 8,434 4,536
Straight-line rent receivable, net of allowance for doubtful accounts: 2016—$907; 2015—$833 50,092 42,685
Prepaid expenses and other assets 20,779 21,443
Notes receivable 4,199 1,961
Total assets 1,373,386 1,275,424
LIABILITIES    
Bank borrowings 77,000 120,500
Senior unsecured notes, net of debt issue costs: 2016—$1,038; 2015—$1,095 512,262 451,372
Accrued interest 3,616 3,974
Accrued incentives and earn-outs 12,514 12,722
Accrued expenses and other liabilities 27,363 27,654
Total liabilities 632,755 616,222
Stockholders' equity:    
Common stock: $0.01 par value; 60,000 shares authorized; shares issued and outstanding: 2016—39,222; 2015—37,548 392 375
Capital in excess of par value 837,889 758,676
Cumulative net income 992,777 928,328
Accumulated other comprehensive income 8 47
Cumulative distributions (1,090,435) (1,028,224)
Total equity 740,631 659,202
Total liabilities and equity $ 1,373,386 $ 1,275,424