XML 15 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 37,537 $ 48,478
Restricted cash 33,451 15,807
Real estate:    
Land 486,345 350,470
Building and improvements 3,097,966 2,165,016
Tenant origination and absorption cost 744,610 530,181
Construction in progress 25,502 27,697
Total real estate 4,354,423 3,073,364
Less: accumulated depreciation and amortization (603,362) (538,412)
Total real estate, net 3,751,061 2,534,952
Investments in unconsolidated entities 26,034 30,565
Intangible assets, net 14,828 17,099
Deferred rent 59,751 55,163
Deferred leasing costs, net 45,909 29,958
Goodwill 229,948 229,948
Due from affiliates 1,638 19,685
Right of use asset 27,106  
Other assets 36,712 31,120
Total assets 4,263,975 3,012,775
LIABILITIES AND EQUITY    
Debt, net 1,935,589 1,353,531
Restricted reserves 21,653 8,201
Interest rate swap liability 23,245 6,962
Distributions payable 17,123 12,248
Due to affiliates 12,657 42,406
Below market leases, net 32,178 23,115
Lease liability 27,855  
Accrued expenses and other liabilities 87,828 80,616
Total liabilities 2,158,128 1,527,079
Commitments and contingencies
Noncontrolling interests subject to redemption; 557,189 and 531,161 units as of June 30, 2019 and December 31, 2018, respectively 4,887 4,887
Stockholders’ equity:    
Common Stock, $0.001 par value; 700,000,000 shares authorized; 243,610,554 and 174,470,284 shares outstanding in the aggregate, as of June 30, 2019 and December 31, 2018, respectively (1) [1] 244 174
Additional paid-in capital 2,194,174 1,556,770
Cumulative distributions (636,622) (570,977)
Accumulated earnings 148,066 128,525
Accumulated other comprehensive loss (20,452) (2,409)
Total stockholders’ equity 1,685,410 1,112,083
Noncontrolling interests 253,179 232,203
Total equity 1,938,589 1,344,286
Total liabilities and equity 4,263,975 3,012,775
Perpetual convertible preferred shares    
LIABILITIES AND EQUITY    
Perpetual convertible preferred stock and common stock subject to redemption 125,000 125,000
Common stock subject to redemption    
LIABILITIES AND EQUITY    
Perpetual convertible preferred stock and common stock subject to redemption $ 37,371 $ 11,523
[1] See Note 10, Equity, for the number of shares outstanding of each class of common stock as of June 30, 2019