Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Real estate investments:
Income producing property	$ 1,460,723	$ 1,037,917
Held for development	5,000	2,994
Construction in progress	140,601	135,675
Real estate investments	1,606,324	1,176,586
Accumulated depreciation	(224,738)	(188,775)
Net real estate investments	1,381,586	987,811
Real estate investments held for sale	1,460	929
Cash and cash equivalents	39,232	21,254
Restricted cash	4,347	2,797
Accounts receivable, net	23,470	19,016
Total notes receivable	159,371	138,683
Construction receivables, including retentions	36,361	16,154
Construction contract costs and estimated earnings in excess of billings	249	1,358
Equity method investments	0	22,203
Operating lease right-of-use assets	33,088
Finance lease right-of-use assets	24,130
Finite-Lived Intangible Asset, Acquired Leases	68,702	27,561
Other assets	32,901	27,616
Total Assets	1,804,897	1,265,382
LIABILITIES AND EQUITY
Indebtedness, net	950,537	694,239
Accounts payable and accrued liabilities	17,803	15,217
Construction payables, including retentions	53,382	50,796
Billings in excess of construction contract costs and estimated earnings	5,306	3,037
Operating lease liabilities	41,474
Finance lease liabilities	17,903
Other liabilities	63,045	46,203
Total Liabilities	1,149,450	809,492
Stockholders’ equity:
Preferred stock, $0.01 par value, 100,000,000 shares authorized; 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock, 2,530,000 shares issued and outstanding as of December 31, 2019 and zero shares issued and outstanding as of December 31, 2018	63,250	0
Common stock, $0.01 par value, 500,000,000 shares authorized; 56,277,971 and 50,013,731 shares issued and outstanding as of December 31, 2019 and 2018, respectively	563	500
Additional paid-in capital	455,680	357,353
Distributions in excess of earnings	(106,676)	(82,699)
Accumulated other comprehensive loss	(4,240)	(1,283)
Total stockholders’ equity	408,577	273,871
Noncontrolling interests in investment entities	4,462	0
Noncontrolling interests in Operating Partnership	242,408	182,019
Total Equity	655,447	455,890
Total Liabilities and Equity	$ 1,804,897	$ 1,265,382