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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Real estate investments, at cost    
Land $ 194,356 $ 195,320
Buildings and improvements 651,902 640,517
Total real estate investments, at cost 846,258 835,837
Less accumulated depreciation 139,538 135,302
Real estate investments, net 706,720 700,535
Property held-for-sale 7,661  
Investment in unconsolidated joint ventures 10,849 11,061
Cash and cash equivalents 18,571 11,034
Unbilled rent receivable 15,981 15,037
Unamortized intangible lease assets, net 27,398 26,068
Escrow, deposits, and other assets and receivables 12,410 10,894
Total assets [1] 799,590 774,629
Liabilities:    
Mortgages payable, net of $4,255 and $4,438 of deferred financing costs, respectively 444,437 435,840
Line of credit, net of $516 and $619 of deferred financing costs, respectively 30,334 10,831
Dividends payable 9,068 8,966
Accrued expenses and other liabilities 20,538 14,587
Unamortized intangible lease liabilities, net 12,289 12,421
Total liabilities [1] 516,666 482,645
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; 19,450 and 19,251 shares issued and outstanding 19,450 19,251
Paid-in capital 304,649 301,517
Accumulated other comprehensive loss (6,004) (1,623)
Distributions in excess of net income (36,377) (28,382)
Total One Liberty Properties, Inc. stockholders' equity 281,718 290,763
Non-controlling interests in consolidated joint ventures [1] 1,206 1,221
Total equity 282,924 291,984
Total liabilities and equity $ 799,590 $ 774,629
[1] The Company’s consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”). See Note 6. The consolidated balance sheets include the following amounts related to the Company’s consolidated VIEs: $12,158 and $12,158 of land, $23,794 and $24,223 of building and improvements, net of $4,784 and $4,334 of accumulated depreciation, $3,475 and $3,696 of other assets included in other line items, $23,812 and $24,199 of real estate debt, net, $1,085 and $1,153 of other liabilities included in other line items and $1,206 and $1,221 of non-controlling interests as of June 30, 2020 and December 31, 2019, respectively.