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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Real estate investments, at cost    
Land $ 205,660 $ 204,162
Buildings and improvements 645,442 624,981
Total real estate investments, at cost 851,102 829,143
Less accumulated depreciation 131,589 123,684
Real estate investments, net 719,513 705,459
Investment in unconsolidated joint ventures 10,724 10,857
Cash and cash equivalents 17,381 15,204
Restricted cash 337 1,106
Unbilled rent receivable 14,394 13,722
Unamortized intangible lease assets, net 26,001 26,541
Escrow, deposits, and other assets and receivables 9,312 8,023
Total assets [1] 797,662 780,912
Liabilities:    
Mortgages payable, net of $4,352 and $4,298 of deferred financing costs, respectively 434,151 418,798
Line of credit, net of $156 and $312 of deferred financing costs, respectively 31,994 29,688
Dividends payable 8,923 8,724
Accrued expenses and other liabilities 15,437 11,094
Unamortized intangible lease liabilities, net 12,546 14,013
Total liabilities [1] 503,051 482,317
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; 19,139 and 18,736 shares issued and outstanding 19,139 18,736
Paid-in capital 296,840 287,250
Accumulated other comprehensive (loss) income (2,196) 1,890
Distributions in excess of net income (20,401) (10,730)
Total One Liberty Properties, Inc. stockholders' equity 293,382 297,146
Non-controlling interests in consolidated joint ventures [1] 1,229 1,449
Total equity 294,611 298,595
Total liabilities and equity $ 797,662 $ 780,912
[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: $12,158 and $14,722 of land, $24,602 and $27,642 of building and improvements, net of $3,886 and $4,119 of accumulated depreciation, $3,781 and $3,931 of other assets included in other line items, $24,605 and $26,850 of real estate debt, net, $1,115 and $2,455 of other liabilities included in other line items and $1,229 and $1,449 of non-controlling interests as of June 30, 2019 and December 31, 2018, respectively.