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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Investments in real estate:    
Investments in real estate, at cost $ 1,796,365 $ 1,660,423
Accumulated depreciation (158,435) (112,270)
Investments in real estate, net 1,637,930 1,548,153
Real estate held for sale   77,285
Cash and cash equivalents 9,888 9,316
Restricted cash 4,545 6,729
Other assets 10,380 8,802
Derivative assets 953 8,307
Intangible assets, net of accumulated amortization of $540 and $787, respectively 410 744
Total Assets 1,664,106 1,659,336
LIABILITIES AND EQUITY:    
Indebtedness, net of unamortized deferred financing costs of $5,606 and $5,927, respectively 985,572 985,488
Accounts payable and accrued expenses 25,399 22,815
Accrued interest payable 2,196 719
Dividends payable 16,491 16,162
Derivative liabilities 7,769  
Other liabilities 6,922 4,107
Total Liabilities 1,044,349 1,029,291
Stockholders’ equity:    
Preferred stock, $0.01 par value; 50,000,000 shares authorized, 0 and 0 shares issued and outstanding, respectively
Common stock, $0.01 par value; 300,000,000 shares authorized, 91,070,637 and 89,184,443 shares issued and outstanding, including 326,541 and 303,819 unvested restricted common share awards, respectively 911 892
Additional paid in capital 765,992 742,429
Accumulated other comprehensive income (loss) (12,099) 2,016
Retained earnings (accumulated deficit) (141,525) (122,342)
Total stockholders’ equity 613,279 622,995
Noncontrolling interests 6,478 7,050
Total Equity 619,757 630,045
Total Liabilities and Equity $ 1,664,106 $ 1,659,336