XML 23 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Real estate assets:    
Land $ 180,271 $ 183,930
Buildings and improvements 1,639,869 1,604,984
Fixtures and equipment 1,882 1,677
Total real estate assets, gross 1,822,022 1,790,591
Less accumulated depreciation 291,331 266,284
Real estate assets, net 1,530,691 1,524,307
Acquired real estate leases, less accumulated amortization of $116,711 and $101,838, respectively 117,272 138,714
Investment in non-consolidated REITs 77,853 78,611
Cash and cash equivalents 19,100 7,519
Restricted cash 34 742
Tenant rent receivables, less allowance for doubtful accounts of $200 and $325, respectively 3,548 4,733
Straight-line rent receivable, less allowance for doubtful accounts of $50 and $162, respectively 47,330 47,021
Prepaid expenses and other assets 9,773 10,292
Related party mortgage loan receivables 93,641 93,641
Other assets: derivative asset   3,020
Office computers and furniture, net of accumulated depreciation of $1,261 and $1,036, respectively 551 609
Deferred leasing commissions, net of accumulated amortization of $19,294 and $16,944, respectively 26,587 27,181
Total assets 1,926,380 1,936,390
Liabilities:    
Bank note payable 300,000 268,000
Term loans payable 620,000 620,000
Accounts payable and accrued expenses 42,164 42,561
Accrued compensation 3,236 3,758
Tenant security deposits 4,349 4,248
Other liabilities: derivative liability 12,096 7,268
Acquired unfavorable real estate leases, less accumulated amortization of $10,504 and $8,687, respectively 10,241 10,908
Total liabilities $ 992,086 $ 956,743
Commitments and contingencies
Stockholders' Equity:    
Preferred stock, $.0001 par value, 20,000,000 shares authorized, none issued or outstanding
Common stock, $.0001 par value, 180,000,000 shares authorized, 100,187,405 and 100,187,405 shares issued and outstanding, respectively $ 10 $ 10
Additional paid-in capital 1,273,556 1,273,556
Accumulated other comprehensive loss (12,096) (4,248)
Accumulated distributions in excess of accumulated earnings (327,176) (289,671)
Total stockholders' equity 934,294 979,647
Total liabilities and stockholders' equity $ 1,926,380 $ 1,936,390