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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Real estate assets:    
Land $ 196,178 $ 170,021
Buildings and improvements 1,822,183 1,637,066
Fixtures and equipment 4,136 2,528
Total real estate assets, gross 2,022,497 1,809,615
Less accumulated depreciation 337,228 299,991
Real estate assets, net 1,685,269 1,509,624
Acquired real estate leases, less accumulated amortization of $112,441 and $112,844, respectively 125,491 108,046
Investment in non-consolidated REITs 75,165 77,019
Asset held for sale 3,871  
Cash and cash equivalents 9,335 18,163
Restricted cash 31 23
Tenant rent receivables, less allowance for doubtful accounts of $100 and $130, respectively 3,113 2,898
Straight-line rent receivable, less allowance for doubtful accounts of $50 and $50, respectively 50,930 48,502
Prepaid expenses and other assets 5,231 5,484
Other assets: derivative asset 12,907 1,132
Related party mortgage loan receivable 81,780 118,641
Office computers and furniture, net of accumulated depreciation of $1,277 and $1,333, respectively 313 484
Deferred leasing commissions, net of accumulated amortization of $18,301 and $20,002, respectively 34,697 28,999
Total assets 2,088,133 1,919,015
Liabilities:    
Bank note payable 280,000 290,000
Term loans payable, less unamortized financing costs of $4,783 and $2,353, respectively 765,217 617,647
Accounts payable and accrued expenses 57,259 49,489
Accrued compensation 3,784 3,726
Tenant security deposits 5,355 4,829
Other liabilities: derivative liabilities 5,551 8,243
Acquired unfavorable real estate leases, less accumulated amortization of $8,422 and $9,368, respectively 8,923 9,425
Total liabilities 1,126,089 983,359
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, 107,231,155 and 100,187,405 shares issued and outstanding, respectively 11 10
Additional paid-in capital 1,356,457 1,273,556
Accumulated other comprehensive income (loss) 5,478 (7,111)
Distributions in excess of accumulated earnings (399,902) (330,799)
Total stockholders' equity 962,044 935,656
Total liabilities and stockholders' equity $ 2,088,133 $ 1,919,015