Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Real estate investments:
Income producing property	$ 513,918	$ 406,239
Held for development	0	0
Construction in progress	81,082	56,737
Gross real estate investments	595,000	462,976
Accumulated depreciation	(116,099)	(105,228)
Net real estate investments	478,901	357,748
Real estate investments held for sale	8,538
Cash and cash equivalents	25,883	18,882
Restricted cash	4,224	2,160
Accounts receivable, net	20,548	18,272
Construction receivables, including retentions	19,432	12,633
Construction contract costs and estimated earnings in excess of billings	272	1,178
Other assets	33,108	24,409
Total Assets	590,906	435,282
LIABILITIES AND EQUITY
Indebtedness	359,229	277,745
Accounts payable and accrued liabilities	8,358	6,463
Construction payables, including retentions	42,399	28,139
Billings in excess of construction contract costs and estimated earnings	1,053	1,541
Other liabilities	17,961	15,873
Total Liabilities	429,000	329,761
Stockholders' equity:
Common stock, $0.01 par value, 500,000,000 shares authorized, 25,022,701 and 19,163,413 shares issued and outstanding as of December 31, 2014 and 2013, respectively	250	192
Additional paid-in capital	51,472	1,247
Distributions in excess of earnings	(54,413)	(47,934)
Total stockholders' deficit	(2,691)	(46,495)
Noncontrolling interests	164,597	152,016
Total Equity	161,906	105,521
Total Liabilities and Equity	$ 590,906	$ 435,282