Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Real estate assets, at cost:
Land	$ 505,228	$ 485,560
Buildings and improvements, less accumulated depreciation of $803,160 and $730,750 as of September 30, 2020 and December 31, 2019, respectively	2,480,820	2,212,935
Intangible lease assets, less accumulated amortization of $63,353 and $50,766 as of September 30, 2020 and December 31, 2019, respectively	98,517	74,405
Construction in progress	56,393	29,920
Real estate assets held for sale, net	0	139,690
Total real estate assets	3,140,958	2,942,510
Cash and cash equivalents	23,958	13,545
Tenant receivables, net of allowance for doubtful accounts of $4,831 and $0 as of September 30, 2020 and December 31, 2019, respectively	11,301	8,226
Straight-line rent receivables	154,620	132,342
Restricted cash and escrows	1,781	1,841
Prepaid expenses and other assets	28,074	25,427
Goodwill	98,918	98,918
Deferred lease costs, less accumulated amortization of $169,975 and $147,324 as of September 30, 2020 and December 31, 2019, respectively	293,472	265,747
Other assets held for sale, net	0	28,201
Total assets	3,753,082	3,516,757
Liabilities:
Unsecured debt, net of discount and unamortized debt issuance costs of $11,589 and $7,626 as of September 30, 2020 and December 31, 2019, respectively	1,588,411	1,292,374
Secured debt, net of premiums and unamortized debt issuance costs of $448 and $343 as of September 30, 2020 and December 31, 2019, respectively	28,424	189,030
Accounts payable, accrued expenses and accrued capital expenditures	120,763	117,496
Dividends payable	0	26,427
Deferred income	36,613	34,609
Intangible lease liabilities, less accumulated amortization of $24,881 and $19,607 as of September 30, 2020 and December 31, 2019, respectively	38,324	25,069
Interest rate swaps	10,618	5,121
Other liabilities held for sale	0	7,657
Total liabilities	1,823,153	1,697,783
Commitments and Contingencies (Note 7)	0	0
Stockholders’ Equity:
Shares-in-trust, 150,000,000 shares authorized; none outstanding as of September 30, 2020 or December 31, 2019	0	0
Preferred stock, no par value, 100,000,000 shares authorized; none outstanding as of September 30, 2020 or December 31, 2019	0	0
Common stock, $0.01 par value, 750,000,000 shares authorized; 126,028,762 and 125,783,408 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively	1,260	1,258
Additional paid-in capital	3,692,634	3,686,398
Cumulative distributions in excess of earnings	(1,740,670)	(1,871,375)
Other comprehensive income/(loss)	(24,993)	967
Piedmont stockholders’ equity	1,928,231	1,817,248
Noncontrolling interest	1,698	1,726
Total stockholders’ equity	1,929,929	1,818,974
Total liabilities and stockholders’ equity	$ 3,753,082	$ 3,516,757