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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Real estate investments, at cost    
Land $ 204,162 $ 204,162
Buildings and improvements 626,197 624,981
Total real estate investments, at cost 830,359 829,143
Less accumulated depreciation 127,963 123,684
Real estate investments, net 702,396 705,459
Investment in unconsolidated joint ventures 10,731 10,857
Cash and cash equivalents 12,794 15,204
Restricted cash 337 1,106
Unbilled rent receivable 13,990 13,722
Unamortized intangible lease assets, net 25,399 26,541
Escrow, deposits, and other assets and receivables 11,049 8,023
Total assets [1] 776,696 780,912
Liabilities:    
Mortgages payable, net of $4,529 and $4,298 of deferred financing costs, respectively 438,977 418,798
Line of credit, net of $234 and $312 of deferred financing costs, respectively 5,766 29,688
Dividends payable 8,832 8,724
Accrued expenses and other liabilities 14,155 11,094
Unamortized intangible lease liabilities, net 13,582 14,013
Total liabilities [1] 481,312 482,317
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; 18,937 and 18,736 shares issued and outstanding 18,937 18,736
Paid-in capital 290,241 287,250
Accumulated other comprehensive income 318 1,890
Distributions in excess of net income (15,591) (10,730)
Total One Liberty Properties, Inc. stockholders' equity 293,905 297,146
Non-controlling interests in consolidated joint ventures [1] 1,479 1,449
Total equity 295,384 298,595
Total liabilities and equity $ 776,696 $ 780,912
[1] The Company’s consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”). See Note 5. The consolidated balance sheets include the following amounts related to the Company’s consolidated VIEs: $14,722 and $14,722 of land, $27,399 and $27,642 of building and improvements, net of $4,371 and $4,119 of accumulated depreciation, $4,097 and $3,931 of other assets included in other line items, $26,555 and $26,850 of real estate debt, net, $2,305 and $2,455 of other liabilities included in other line items and $1,479 and $1,449 of non-controlling interests as of March 31, 2019 and December 31, 2018, respectively.