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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Real estate assets:    
Land $ 191,578 $ 191,578
Buildings and improvements 1,821,035 1,811,631
Fixtures and equipment 5,909 5,614
Total real estate assets, gross 2,018,522 2,008,823
Less accumulated depreciation 390,581 376,131
Real estate assets, net 1,627,941 1,632,692
Acquired real estate leases, less accumulated amortization of $114,044 and $109,771, respectively 78,729 86,520
Investment in non-consolidated REITs 69,703 70,164
Cash, cash equivalents and restricted cash 14,355 9,819
Tenant rent receivables, less allowance for doubtful accounts of $325 and $250, respectively 3,411 3,123
Straight-line rent receivable, less allowance for doubtful accounts of $50 and $50, respectively 53,430 53,194
Prepaid expenses and other assets 8,355 8,387
Related party mortgage loan receivables 71,455 71,720
Other assets: derivative asset 18,740 13,925
Office computers and furniture, net of accumulated depreciation of $1,448 and $1,420, respectively 261 289
Deferred leasing commissions, net of accumulated amortization of $23,255 and $22,276, respectively 39,815 40,679
Total assets 1,986,195 1,990,512
Liabilities:    
Bank note payable 98,000 78,000
Term loans payable, less unamortized financing costs of $4,741 and $5,099, respectively 765,259 764,901
Series A&B Senior Notes, less unamortized financing costs of $1,273 and $1,308, respectively 198,727 198,692
Accounts payable and accrued expenses 53,327 61,039
Accrued compensation 1,112 3,641
Tenant security deposits 5,588 5,383
Other liabilities: derivative liabilities   1,759
Acquired unfavorable real estate leases, less accumulated amortization of $8,063 and $7,638, respectively 5,264 5,805
Total liabilities 1,127,277 1,119,220
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 107,231,155 shares issued and outstanding, respectively 11 11
Additional paid-in capital 1,356,457 1,356,457
Accumulated other comprehensive income 18,740 12,166
Distributions in excess of accumulated earnings (516,290) (497,342)
Total stockholders' equity 858,918 871,292
Total liabilities and stockholders' equity $ 1,986,195 $ 1,990,512