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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 104,628 $ 168,954
Restricted cash 27,315 34,352
Real estate:    
Land 586,395 445,674
Building and improvements 4,102,883 3,112,253
Tenant origination and absorption cost 888,291 740,489
Construction in progress 17,404 11,886
Total real estate 5,594,973 4,310,302
Less: accumulated depreciation and amortization (854,207) (817,773)
Total real estate, net 4,740,766 3,492,529
Investments in unconsolidated entities 0 34
Intangible assets, net 47,299 10,035
Deferred rent receivable 98,567 98,116
Deferred leasing costs, net 44,504 45,966
Goodwill 229,948 229,948
Due from affiliates 1,416 1,411
Right of use asset 40,522 39,935
Other assets 31,094 30,570
Total assets 5,366,059 4,151,850
LIABILITIES AND EQUITY    
Debt, net 2,538,547 2,140,427
Restricted reserves 12,131 12,071
Interest rate swap liability 37,559 53,975
Redemptions payable 6,910 5,345
Distributions payable 12,256 9,430
Due to affiliates 3,116 3,272
Intangible liabilities, net 35,949 27,333
Lease liability 50,432 45,646
Accrued expenses and other liabilities 102,910 114,434
Total liabilities 2,799,810 2,411,933
Commitments and contingencies
Noncontrolling interests subject to redemption; units as of March 31, 2021 and December 31, 2020, respectively [1] 4,640 4,610
Stockholders’ equity:    
Common stock, $0.001 par value; 800,000,000 shares authorized; 323,881,102 and 230,320,668 shares outstanding in the aggregate as of March 31, 2021 and December 31, 2020(1) [1] 324 230
Additional paid-in capital 2,945,517 2,103,028
Cumulative distributions (836,711) (813,892)
Accumulated earnings 135,530 140,354
Accumulated other comprehensive loss (33,302) (48,001)
Total stockholders’ equity 2,211,358 1,381,719
Noncontrolling interests 224,995 226,550
Total equity 2,436,353 1,608,269
Total liabilities and equity $ 5,366,059 $ 4,151,850
Units eligible towards redemption (in shares) 556,099 556,099
Common Stock, Par or Stated Value Per Share $ 0.001 $ 0.001
Common Stock, Shares Authorized 800,000,000 800,000,000
Common Stock, shares outstanding (in shares) 323,881,102 230,320,668
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 $ 256 $ 2,038
[1] See Note 9, Equity, for the number of shares outstanding of each class of common stock as of March 31, 2021.