CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Assets:
Land	$ 484,466	$ 485,560
Buildings and improvements, less accumulated depreciation of $767,542 and $730,750 as of December 31, 2020 and December 31, 2019, respectively	2,424,225	2,212,935
Intangible lease assets, less accumulated amortization of $67,850 and $50,766 as of December 31, 2020 and December 31, 2019, respectively	90,594	74,405
Construction in progress	56,749	29,920
Real estate assets held for sale, net	0	139,690
Total real estate assets	3,056,034	2,942,510
Cash and cash equivalents	7,331	13,545
Tenant receivables, net of allowance for doubtful accounts of $4,553 and $0 as of December 31, 2020 and December 31, 2019, respectively	8,448	8,226
Straight-line rent receivables	151,153	132,342
Notes receivable	118,500	0
Restricted cash and escrows	1,883	1,841
Prepaid expenses and other assets	23,277	25,427
Goodwill	98,918	98,918
Deferred lease costs, less accumulated amortization of $172,619 and $147,324 as of December 31, 2020 and December 31, 2019, respectively	274,266	265,747
Other assets held for sale, net	0	28,201
Total assets	3,739,810	3,516,757
Liabilities:
Unsecured debt, net of discount and unamortized debt issuance costs of $10,932 and $7,626 as of December 31, 2020 and December 31, 2019, respectively	1,594,068	1,292,374
Secured debt, inclusive of premiums and unamortized debt issuance costs of $326 and $343 as of December 31, 2020 and December 31, 2019, respectively	27,936	189,030
Accounts payable, accrued expenses, and accrued capital expenditures	111,997	117,496
Dividends payable	25,683	26,427
Deferred income	36,891	34,609
Intangible lease liabilities, less accumulated amortization of $27,344 and $19,607 as of December 31, 2020 and December 31, 2019, respectively	35,440	25,069
Interest rate swaps	9,834	5,121
Other liabilities held for sale	0	7,657
Total liabilities	1,841,849	1,697,783
Commitments and Contingencies (Note 8)	0	0
Stockholders’ Equity:
Shares-in-trust, 150,000,000 shares authorized, none outstanding as of December 31, 2020 or December 31, 2019	0	0
Preferred stock, no par value, 100,000,000 shares authorized, none outstanding as of December 31, 2020 or December 31, 2019	0	0
Common stock, $0.01 par value; 750,000,000 shares authorized, 123,839,419 shares issued and outstanding as of December 31, 2020; and 125,783,408 shares issued and outstanding at December 31, 2019	1,238	1,258
Additional paid-in capital	3,693,996	3,686,398
Cumulative distributions in excess of earnings	(1,774,856)	(1,871,375)
Other comprehensive income/(loss)	(24,100)	967
Piedmont stockholders’ equity	1,896,278	1,817,248
Noncontrolling interest	1,683	1,726
Total stockholders’ equity	1,897,961	1,818,974
Total liabilities and stockholders’ equity	$ 3,739,810	$ 3,516,757