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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Real estate assets:    
Land $ 191,578 $ 191,578
Buildings and improvements 1,900,131 1,857,935
Fixtures and equipment 11,099 8,839
Total real estate assets, gross 2,102,808 2,058,352
Less accumulated depreciation 476,298 432,579
Real estate assets, net 1,626,510 1,625,773
Acquired real estate leases, less accumulated amortization of $68,542 and $101,897, respectively 45,066 59,595
Cash, cash equivalents and restricted cash 20,159 11,177
Tenant rent receivables 4,410 3,938
Straight-line rent receivable 64,111 54,006
Prepaid expenses and other assets 8,868 10,400
Related party mortgage loan receivables 21,265 70,660
Other assets: derivative asset 2,844 14,765
Office computers and furniture, net of accumulated depreciation of $1,355 and $1,512, respectively 136 197
Deferred leasing commissions, net of accumulated amortization of $27,433 and $24,318, respectively 49,781 47,591
Total assets 1,843,150 1,898,102
Liabilities:    
Bank note payable   25,000
Term loans payable, less unamortized financing costs of $4,631 and $5,722, respectively 765,369 764,278
Series A & Series B Senior Notes, less unamortized financing costs of $1,026 and $1,150, respectively 198,974 198,850
Accounts payable and accrued expenses 61,657 59,183
Accrued compensation 3,769 3,043
Tenant security deposits 9,008 6,319
Lease liability 1,976  
Other liabilities: derivative liabilities 9,934  
Acquired unfavorable real estate leases, less accumulated amortization of $4,907 and $6,605, respectively 2,810 3,795
Total liabilities 1,053,497 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) (7,090) 14,765
Accumulated distributions in excess of accumulated earnings (559,725) (533,599)
Total stockholders' equity 789,653 837,634
Total liabilities and stockholders' equity $ 1,843,150 $ 1,898,102