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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Investments in real estate:    
Investments in real estate, at cost $ 1,916,770 $ 1,796,365
Accumulated depreciation (208,618) (158,435)
Investments in real estate, net 1,708,152 1,637,930
Cash and cash equivalents 8,751 9,888
Restricted cash 4,864 4,545
Other assets 12,338 10,380
Derivative assets   953
Intangible assets, net of accumulated amortization of $0 and $540, respectively 792 410
Total Assets 1,734,897 1,664,106
LIABILITIES AND EQUITY:    
Indebtedness, net of unamortized deferred financing costs of $4,208 and $5,606, respectively 945,686 985,572
Accounts payable and accrued expenses 25,416 25,399
Accrued interest payable 1,976 2,196
Dividends payable 12,257 16,491
Derivative liabilities 29,842 7,769
Other liabilities 6,949 6,922
Total Liabilities 1,022,126 1,044,349
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, 101,803,762 and 91,070,637 shares issued and outstanding, including 339,468 and 326,541 unvested restricted common share awards, respectively 1,018 911
Additional paid-in capital 919,615 765,992
Accumulated other comprehensive income (loss) (33,822) (12,099)
Retained earnings (accumulated deficit) (178,751) (141,525)
Total stockholders’ equity 708,060 613,279
Noncontrolling interests 4,711 6,478
Total Equity 712,771 619,757
Total Liabilities and Equity $ 1,734,897 $ 1,664,106