Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Real estate:
Land	$ 656,496	$ 631,185
Buildings and improvements	421,514	409,753
Construction in progress	2,144	2,168
Total real estate held for use, gross	1,080,154	1,043,106
Less accumulated depreciation and amortization	(163,877)	(150,691)
Real estate, net	916,277	892,415
Investment in direct financing leases, net	83,305	85,892
Notes and mortgages receivable	30,747	33,519
Cash and cash equivalents	35,639	46,892
Restricted cash	1,942	1,850
Deferred rent receivable	40,355	37,722
Accounts receivable, net of allowance of $1,790 and $2,094, respectively	2,879	3,008
Right-of-use assets - operating	22,724
Right-of-use assets - finance	1,043
Prepaid expenses and other assets, net	58,653	60,650
Total assets	1,193,564	1,161,948
LIABILITIES AND STOCKHOLDERS’ EQUITY
Borrowings under credit agreement, net		120,000
Senior unsecured notes, net	449,024	324,409
Environmental remediation obligations	58,849	59,821
Dividends payable	14,662	14,495
Lease liability - operating	23,351
Lease liability - finance	4,335
Accounts payable and accrued liabilities	58,422	62,059
Total liabilities	608,643	580,784
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value; 20,000,000 shares authorized; unissued
Common stock, $0.01 par value; 100,000,000 shares authorized; 41,189,974 and 40,854,491 shares issued and outstanding, respectively	412	409
Additional paid-in capital	649,762	638,178
Dividends paid in excess of earnings	(65,253)	(57,423)
Total stockholders’ equity	584,921	581,164
Total liabilities and stockholders’ equity	$ 1,193,564	$ 1,161,948