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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Real estate assets:    
Land $ 170,021 $ 183,930
Buildings and improvements 1,637,066 1,604,984
Fixtures and equipment 2,528 1,677
Total real estate assets, gross 1,809,615 1,790,591
Less accumulated depreciation 299,991 266,284
Real estate assets, net 1,509,624 1,524,307
Acquired real estate leases, less accumulated amortization of $112,844 and $101,838, respectively 108,046 138,714
Investment in non-consolidated REITs 77,019 78,611
Cash and cash equivalents 18,163 7,519
Restricted cash 23 742
Tenant rent receivables, less allowance for doubtful accounts of $130 and $325, respectively 2,898 4,733
Straight-line rent receivable, less allowance for doubtful accounts of $50 and $162, respectively 48,502 47,021
Prepaid expenses and other assets 7,837 10,292
Other assets: derivative asset 1,132 3,020
Related party mortgage loan receivables 118,641 93,641
Office computers and furniture, net of accumulated depreciation of $1,333 and $1,036, respectively 484 609
Deferred leasing commissions, net of accumulated amortization of $20,002 and $16,944, respectively 28,999 27,181
Total assets 1,921,368 1,936,390
Liabilities:    
Bank note payable 290,000 268,000
Term loans payable 620,000 620,000
Accounts payable and accrued expenses 49,489 42,561
Accrued compensation 3,726 3,758
Tenant security deposits 4,829 4,248
Other liabilities: derivative liability 8,243 7,268
Acquired unfavorable real estate leases, less accumulated amortization of $9,368 and $8,687, respectively 9,425 10,908
Total liabilities $ 985,712 $ 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 income (loss) (7,111) (4,248)
Accumulated distributions in excess of accumulated earnings (330,799) (289,671)
Total stockholders' equity 935,656 979,647
Total liabilities and stockholders' equity $ 1,921,368 $ 1,936,390