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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Real estate assets:    
Land $ 191,578 $ 191,578
Buildings and improvements 1,857,935 1,811,631
Fixtures and equipment 8,839 5,614
Total real estate assets, gross 2,058,352 2,008,823
Less accumulated depreciation 432,579 376,131
Real estate assets, net 1,625,773 1,632,692
Acquired real estate leases, less accumulated amortization of $101,897 and $109,771, respectively 59,595 86,520
Investment in non-consolidated REITs   70,164
Cash and cash equivalents 11,177 9,819
Tenant rent receivables, less allowance for doubtful accounts of $200 and $250, respectively 3,938 3,123
Straight-line rent receivable, less allowance for doubtful accounts of $50 and $50, respectively 54,006 53,194
Prepaid expenses and other assets 10,400 8,387
Other assets: derivative asset 14,765 13,925
Related party mortgage loan receivables 70,660 71,720
Office computers and furniture, net of accumulated depreciation of $1,512 and $1,420, respectively 197 289
Deferred leasing commissions, net of accumulated amortization of $24,318 and $22,276, respectively 47,591 40,679
Total assets 1,898,102 1,990,512
Liabilities:    
Bank note payable 25,000 78,000
Term loans payable, less unamortized financing costs of $5,722 and $5,099, respectively 764,278 764,901
Series A & Series B Senior Notes, less unamortized financing costs of $1,150 and $1,308, respectively 198,850 198,692
Accounts payable and accrued expenses 59,183 61,039
Accrued compensation 3,043 3,641
Tenant security deposits 6,319 5,383
Other liabilities: derivative liabilities   1,759
Acquired unfavorable real estate leases, less accumulated amortization of $6,605 and $7,638, respectively 3,795 5,805
Total liabilities 1,060,468 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 (loss) 14,765 12,166
Distributions in excess of accumulated earnings (533,599) (497,342)
Total stockholders' equity 837,634 871,292
Total liabilities and stockholders' equity $ 1,898,102 $ 1,990,512