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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Real estate assets:    
Land $ 191,578 $ 191,578
Buildings and improvements 1,872,082 1,857,935
Fixtures and equipment 9,153 8,839
Total real estate assets, gross 2,072,813 2,058,352
Less accumulated depreciation 447,980 432,579
Real estate assets, net 1,624,833 1,625,773
Acquired real estate leases, less accumulated amortization of $74,681 and $101,897, respectively 53,948 59,595
Cash, cash equivalents and restricted cash 8,832 11,177
Tenant rent receivables 4,489 3,938
Straight-line rent receivable 55,836 54,006
Prepaid expenses and other assets 10,469 10,400
Related party mortgage loan receivables 72,795 70,660
Other assets: derivative asset 10,469 14,765
Office computers and furniture, net of accumulated depreciation of $1,410 and $1,512, respectively 166 197
Deferred leasing commissions, net of accumulated amortization of $25,249 and $24,318, respectively 49,408 47,591
Total assets 1,891,245 1,898,102
Liabilities:    
Bank note payable 40,000 25,000
Term loans payable, less unamortized financing costs of $5,358 and $5,722, respectively 764,642 764,278
Series A & Series B Senior Notes, less unamortized financing costs of $1,108 and $1,150, respectively 198,892 198,850
Accounts payable and accrued expenses 52,248 59,183
Accrued compensation 1,073 3,043
Tenant security deposits 6,352 6,319
Lease liability 2,141  
Other liabilities: derivative liabilities 2,496  
Acquired unfavorable real estate leases, less accumulated amortization of $5,144 and $6,605, respectively 3,414 3,795
Total liabilities 1,071,258 1,060,468
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 7,973 14,765
Accumulated distributions in excess of accumulated earnings (544,454) (533,599)
Total stockholders' equity 819,987 837,634
Total liabilities and stockholders' equity $ 1,891,245 $ 1,898,102