CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Real estate investments, at cost:
Land	$ 193,658	$ 138,110
Buildings and improvements	564,664	533,099
Acquired intangible assets	109,865	103,285
Total real estate investments, at cost	868,187	774,494
Less accumulated depreciation and amortization	(112,690)	(90,235)
Total real estate investments, net	755,497	684,259
Cash and cash equivalents	53,818	47,952
Restricted cash	7,747	6,849
Operating lease right-of-use asset	55,630	0
Prepaid expenses and other assets (including amounts due from related parties of $0 and $158 at September 30, 2019 and December 31, 2018, respectively)	6,712	9,459
Straight-line rent receivable	20,637	16,551
Deferred leasing costs, net	9,282	8,672
Total assets	909,323	773,742
LIABILITIES AND STOCKHOLDERS’ EQUITY
Mortgage notes payable, net	394,624	291,653
Accounts payable, accrued expenses and other liabilities (including amounts due to related parties of $285 and $204 at September 30, 2019 and December 31, 2018, respectively)	7,072	11,127
Operating lease liability	54,877	0
Below-market lease liabilities, net	19,002	21,514
Derivative liability, at fair value	1,877	0
Deferred revenue	5,224	5,768
Total liabilities	482,676	330,062
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued and outstanding at September 30, 2019 and December 31, 2018	0	0
Common stock, $0.01 par value, 300,000,000 shares authorized, 30,994,891 and 30,990,448 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively	310	310
Additional paid-in capital	685,822	685,758
Accumulated other comprehensive loss	(1,877)	0
Distributions in excess of accumulated earnings	(257,608)	(242,388)
Total stockholders’ equity	426,647	443,680
Total liabilities and stockholders’ equity	$ 909,323	$ 773,742