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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Real estate investments, at cost    
Land $ 209,320 $ 211,432
Buildings and improvements 566,007 536,633
Total real estate investments, at cost 775,327 748,065
Less accumulated depreciation 108,953 96,852
Real estate investments, net 666,374 651,213
Investment in unconsolidated joint ventures 10,723 10,833
Cash and cash equivalents 13,766 17,420
Restricted cash 443 643
Unbilled rent receivable 14,125 13,797
Unamortized intangible lease assets, net 30,525 32,645
Escrow, deposits and other assets and receivables 6,630 6,894
Total assets [1] 742,586 733,445
Liabilities:    
Mortgages payable, net of $3,789 and $4,294 of deferred financing costs, respectively 393,157 394,898
Line of credit, net of $624 and $936 of deferred financing costs, respectively 8,776 9,064
Dividends payable 8,493 7,806
Accrued expenses and other liabilities 16,107 10,470
Unamortized intangible lease liabilities, net 17,551 19,280
Total liabilities [1] 444,084 441,518
Commitments and contingencies
One Liberty Properties, Inc. stockholders' equity:    
Preferred stock, $1 par value; 12,500 shares authorized; none issued
Common stock, $1 par value; 25,000 shares authorized; 18,261 and 17,600 shares issued and outstanding 18,261 17,600
Paid-in capital 275,087 262,511
Accumulated other comprehensive income (loss) 155 (1,479)
Accumulated undistributed net income 3,257 11,501
Total One Liberty Properties, Inc. stockholders' equity 296,760 290,133
Non-controlling interests in consolidated joint ventures [1] 1,742 1,794
Total equity 298,502 291,927
Total liabilities and equity $ 742,586 $ 733,445
[1] The Company’s consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”). See Note 7. The consolidated balance sheets include the following amounts related to the Company’s consolidated VIEs: $17,844 and $17,844 of land, $31,789 and $32,535 of building and improvements, net of $3,811 and $2,732 of accumulated depreciation, $4,345 and $5,521 of other assets included in other line items, $32,252 and $33,121 of real estate debt, net, $2,885 and $3,093 of other liabilities included in other line items, and $1,742 and $1,794 of non-controlling interests as of December 31, 2017 and 2016, respectively.