XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Investments in real estate, net $ 667,965 $ 1,040,937
Cash and cash equivalents 299,429 54,931
Restricted cash 11,738 22,512
Loans receivable, net 72,413 83,248
Accounts receivable, net 5,904 6,640
Deferred rent receivable and charges, net 46,625 84,230
Other intangible assets, net 8,813 9,531
Other assets 15,471 18,197
Assets held for sale, net (Note 3) 58,216 22,175
TOTAL ASSETS 1,186,574 1,342,401
LIABILITIES:    
Debt, net 165,550 588,671
Accounts payable and accrued expenses 13,072 41,598
Intangible liabilities, net 2,359 2,872
Due to related parties 9,105 10,951
Other liabilities 11,331 16,535
Liabilities associated with assets held for sale, net (Note 3) 41,861 28,766
Total liabilities 243,278 689,393
COMMITMENTS AND CONTINGENCIES (Note 15)
REDEEMABLE PREFERRED STOCK: Series A, $0.001 par value; 36,000,000 shares authorized; 1,481,243 and 1,480,043 shares issued and outstanding, respectively, at March 31, 2019 and 1,566,386 and 1,565,346 shares issued and outstanding, respectively, at December 31, 2018; liquidation preference of $25.00 per share, subject to adjustment 33,789 35,733
EQUITY:    
Common stock, $0.001 par value; 900,000,000 shares authorized; 43,795,073 shares issued and outstanding at March 31, 2019 and December 31, 2018 44 44
Additional paid-in capital 789,578 790,354
Accumulated other comprehensive income 0 1,806
Distributions in excess of earnings (151,570) (436,883)
Total stockholders' equity 908,844 616,438
Noncontrolling interests 663 837
Total equity 909,507 617,275
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY 1,186,574 1,342,401
Series A Cumulative Preferred Stock    
EQUITY:    
Preferred stock 41,541 31,866
Series L Preferred Stock    
EQUITY:    
Preferred stock $ 229,251 $ 229,251