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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Real estate assets:    
Land $ 191,578 $ 191,578
Buildings and improvements 1,886,294 1,857,935
Fixtures and equipment 10,607 8,839
Total real estate assets, gross 2,088,479 2,058,352
Less accumulated depreciation 460,798 432,579
Real estate assets, net 1,627,681 1,625,773
Acquired real estate leases, less accumulated amortization of $70,108 and $101,897, respectively 49,475 59,595
Cash, cash equivalents and restricted cash 13,100 11,177
Tenant rent receivables 6,366 3,938
Straight-line rent receivable 61,438 54,006
Prepaid expenses and other assets 8,052 10,400
Related party mortgage loan receivables 21,530 70,660
Other assets: derivative asset 4,645 14,765
Office computers and furniture, net of accumulated depreciation of $1,428 and $1,512, respectively 154 197
Deferred leasing commissions, net of accumulated amortization of $26,930 and $24,318, respectively 50,901 47,591
Total assets 1,843,342 1,898,102
Liabilities:    
Bank note payable   25,000
Term loans payable, less unamortized financing costs of $4,995 and $5,722, respectively 765,005 764,278
Series A & Series B Senior Notes, less unamortized financing costs of $1,067 and $1,150, respectively 198,933 198,850
Accounts payable and accrued expenses 54,282 59,183
Accrued compensation 2,191 3,043
Tenant security deposits 9,118 6,319
Lease liability 2,059  
Other liabilities: derivative liabilities 8,132  
Acquired unfavorable real estate leases, less accumulated amortization of $5,034 and $6,605, respectively 3,114 3,795
Total liabilities 1,042,834 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 (loss) (3,487) 14,765
Accumulated distributions in excess of accumulated earnings (552,473) (533,599)
Total stockholders' equity 800,508 837,634
Total liabilities and stockholders' equity $ 1,843,342 $ 1,898,102