Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Real estate investments:
Income producing property	$ 894,078	$ 579,000
Held for development	680	1,180
Construction in progress	13,529	53,411
Real estate investments	908,287	633,591
Accumulated depreciation	(139,553)	(125,380)
Net real estate investments	768,734	508,211
Real estate investments held for sale	0	40,232
Cash and cash equivalents	21,942	26,989
Restricted cash	3,251	2,824
Accounts receivable, net	15,052	21,982
Notes receivable	59,546	7,825
Construction receivables, including retentions	39,433	36,535
Construction contract costs and estimated earnings in excess of billings	110	88
Equity method investments	10,235	1,411
Other assets	64,165	43,450
Total Assets	982,468	689,547
LIABILITIES AND EQUITY
Indebtedness, net	522,180	377,593
Accounts payable and accrued liabilities	10,804	6,472
Construction payables, including retentions	51,130	52,067
Billings in excess of construction contract costs and estimated earnings	10,167	2,224
Other liabilities	39,209	25,471
Total Liabilities	633,490	463,827
Stockholders’ equity:
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued and outstanding as of December 31, 2016 and 2015, respectively	0	0
Common stock, $0.01 par value, 500,000,000 shares authorized, 37,490,361 and 30,076,359 shares issued and outstanding as of December 31, 2016 and 2015, respectively	374	300
Additional paid-in capital	197,114	102,906
Distributions in excess of earnings	(49,345)	(53,010)
Accumulated other comprehensive loss	0	(648)
Total stockholders’ equity	148,143	49,548
Noncontrolling interests	200,835	176,172
Total Equity	348,978	225,720
Total Liabilities and Equity	$ 982,468	$ 689,547