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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Real estate assets:    
Land $ 161,767 $ 189,155
Buildings and improvements 1,630,729 1,938,629
Fixtures and equipment 11,727 12,949
Total real estate assets, gross 1,804,223 2,140,733
Less accumulated depreciation 459,531 538,717
Real estate assets, net 1,344,692 1,602,016
Acquired real estate leases, less accumulated amortization of $50,302 and $55,447, respectively 19,864 28,206
Cash, cash equivalents and restricted cash 9,731 4,150
Tenant rent receivables 2,681 7,656
Straight-line rent receivable 58,132 67,789
Prepaid expenses and other assets 5,547 5,752
Related party mortgage loan receivable 21,000 21,000
Office computers and furniture, net of accumulated depreciation of $1,180 and $1,443, respectively 153 163
Deferred leasing commissions, net of accumulated amortization of $24,013 and $30,411, respectively 44,729 56,452
Total assets 1,506,529 1,793,184
Liabilities:    
Bank note payable   3,500
Term loans payable, less unamortized financing costs of $1,352 and $2,677, respectively 473,648 717,323
Series A & Series B Senior Notes, less unamortized financing costs of $699 and $822, respectively 199,301 199,178
Accounts payable and accrued expenses 59,309 72,058
Accrued compensation 3,482 3,918
Tenant security deposits 6,169 8,677
Lease liability 1,256 1,536
Other liabilities: derivative liabilities 7,583 17,311
Acquired unfavorable real estate leases, less accumulated amortization of $3,377 and $4,031, respectively 708 1,592
Total liabilities 751,456 1,025,093
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, 105,632,725 and 107,328,199 shares issued and outstanding, respectively 11 11
Additional paid-in capital 1,349,225 1,357,131
Accumulated other comprehensive income (7,583) (17,311)
Accumulated distributions in excess of accumulated earnings (586,580) (571,740)
Total stockholders' equity 755,073 768,091
Total liabilities and stockholders' equity $ 1,506,529 $ 1,793,184