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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Investments in real estate, net $ 957,725 $ 1,606,942
Cash and cash equivalents 129,310 144,449
Restricted cash 27,008 32,160
Loans receivable, net 81,056 75,740
Accounts receivable, net 13,627 13,086
Deferred rent receivable and charges, net 84,748 116,354
Other intangible assets, net 6,381 17,623
Other assets 36,533 16,530
TOTAL ASSETS 1,336,388 2,022,884
LIABILITIES:    
Debt, net 630,852 967,886
Accounts payable and accrued expenses 26,394 39,155
Intangible liabilities, net 1,070 3,576
Due to related parties 8,814 10,196
Other liabilities 14,629 34,056
Total liabilities 681,759 1,054,869
COMMITMENTS AND CONTINGENCIES (Note 16)
REDEEMABLE PREFERRED STOCK: Series A, $0.001 par value; 36,000,000 shares authorized; 1,225,734 and 1,224,712 shares issued and outstanding, respectively, at December 31, 2017 and 61,435 shares issued and outstanding at December 31, 2016; liquidation preference of $25.00 per share, subject to adjustment 27,924 1,426
EQUITY:    
Common stock, $0.001 par value; 900,000,000 shares authorized; 43,784,939 and 84,048,081 shares issued and outstanding at December 31, 2017 and 2016, respectively 44 84
Additional paid-in capital 792,631 1,566,073
Accumulated other comprehensive income (loss) 1,631 (509)
Distributions in excess of earnings (399,250) (599,971)
Total stockholders' equity 625,815 965,677
Noncontrolling interests 890 912
Total equity 626,705 966,589
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY 1,336,388 2,022,884
Series A Cumulative Preferred Stock    
EQUITY:    
Preferred stock 1,508 0
Series L Preferred Stock    
EQUITY:    
Preferred stock $ 229,251 $ 0