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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Investments in real estate    
Land $ 1,067,535 $ 1,055,146
Buildings and improvements 895,743 909,201
Construction in progress 102,467 101,253
Intangible assets 87,657 88,594
Total investments in properties 2,153,402 2,154,194
Accumulated depreciation and amortization (212,076) (208,279)
Net investments in properties 1,941,326 1,945,915
Properties held for sale, net 31,826 0
Net investments in real estate 1,973,152 1,945,915
Cash and cash equivalents 69,733 110,082
Restricted cash 297 2,657
Senior secured loan, net 10,914 15,858
Other assets, net 32,313 33,952
Total assets 2,086,409 2,108,464
Liabilities    
Credit facility 0 0
Term loans payable, net 99,635 99,583
Senior unsecured notes, net 347,771 347,674
Mortgage loans payable, net 11,602 44,318
Security deposits 14,247 14,149
Intangible liabilities, net 27,181 28,127
Dividends payable 18,314 18,158
Performance share awards payable 4,950 11,633
Accounts payable and other liabilities 19,987 27,699
Total liabilities 543,687 591,341
Commitments and contingencies (Note 13)
Stockholders’ equity    
Common stock: $0.01 par value, 400,000,000 shares authorized, and 67,695,805 and 67,252,787 shares issued and outstanding, respectively 677 673
Additional paid-in capital 1,552,592 1,514,266
Retained (deficit) earnings (2,837) 2,621
Common stock held in deferred compensation plan, 135,494 and 0 shares at March 31, 2020 and December 31, 2019, respectively (7,346) 0
Accumulated other comprehensive loss (364) (437)
Total stockholders’ equity 1,542,722 1,517,123
Total liabilities and equity $ 2,086,409 $ 2,108,464