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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Real estate investments, at cost    
Land $ 191,050 $ 190,391
Buildings and improvements 649,198 648,667
Total real estate investments, at cost 840,248 839,058
Less accumulated depreciation 151,557 147,136
Real estate investments, net 688,691 691,922
Investment in unconsolidated joint ventures 10,580 10,702
Cash and cash equivalents 11,245 12,705
Unbilled rent receivable 15,391 15,438
Unamortized intangible lease assets, net 23,306 24,703
Escrow, deposits and other assets and receivables 18,953 20,667
Total assets [1] 768,166 776,137
Liabilities:    
Mortgages payable, net of $3,684 and $3,845 of deferred financing costs, respectively 424,271 429,704
Line of credit, net of $377 and $425 of deferred financing costs, respectively 15,073 12,525
Dividends payable 9,329 9,261
Accrued expenses and other liabilities 20,260 21,498
Unamortized intangible lease liabilities, net 10,794 11,189
Total liabilities [1] 479,727 484,177
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; 50,000 shares authorized; 20,008 and 19,878 shares issued and outstanding 20,008 19,878
Paid-in capital 314,643 313,430
Accumulated other comprehensive loss (3,504) (5,002)
Distributions in excess of net income (43,906) (37,539)
Total One Liberty Properties, Inc. stockholders' equity 287,241 290,767
Non-controlling interests in consolidated joint ventures [1] 1,198 1,193
Total equity 288,439 291,960
Total liabilities and equity $ 768,166 $ 776,137
[1] The Company’s consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”). See Note 4. The consolidated balance sheets include the following amounts related to the Company’s consolidated VIEs: $12,158 and $12,158 of land, $23,284 and $23,372 of building and improvements, net of $5,454 and $5,232 of accumulated depreciation, $3,707 and $3,679 of other assets included in other line items, $23,313 and $23,530 of real estate debt, net, $1,398 and $1,278 of other liabilities included in other line items and $1,198 and $1,193 of non-controlling interests as of March 31, 2021 and December 31, 2020, respectively.