Overview Financials News + Filings Key Docs Charts Ownership Insiders
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In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
| 10-K | 10-K | 10-K | 10-K | 10-K |
Assets | | | | | |
Investments in real estate: | | | | | |
Land and land improvements | 217.0 | 220.1 | 167.8 | 137.3 | 82.3 |
Building and improvements | 992.9 | 989.6 | 780.6 | 639.0 | 338.3 |
Investments in real estate, gross | 1,209.8 | 1,209.7 | 948.4 | 776.3 | 420.6 |
Accumulated depreciation | -106.5 | -74.9 | -43.2 | -18.9 | -1.9 |
Investments in real estate, net | 1,103.4 | 1,134.8 | 905.2 | 757.4 | 418.7 |
Assets held for sale | 16.5 | 11.2 | 2.0 | | |
Cash | 52.3 | 29.0 | 49.9 | 43.7 | 228.1 |
Escrow deposits | 16.9 | 15.5 | 20.2 | 24.5 | 19.7 |
Resident security deposits | 13.0 | 12.5 | 8.6 | 6.8 | 2.3 |
Other assets | 16.5 | 13.3 | 3.8 | 3.3 | 6.1 |
Total assets | 1,218.6 | 1,216.3 | 1,002.4 | 846.1 | 677.3 |
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Liabilities and Equity | | | | | |
Liabilities: | | | | | |
Term credit facility, net | | | | 164.8 | |
Revolving credit facility | 352.8 | 326.5 | 67.1 | 164.8 | |
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Securitization loan, net | | | | | |
Accounts payable and accrued expenses | 17.9 | 16.8 | 13.1 | 6.1 | 4.6 |
Resident prepaid rent and security deposits | 15.2 | 14.5 | 9.6 | 8.4 | 2.7 |
Total liabilities | 682.7 | 653.4 | 400.5 | 187.1 | 16.9 |
10% cumulative redeemable preferred stock at liquidation value, $0.01 par; 50,000,000 shares authorized, 1,000 shares issued and outstanding | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 |
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Equity: | | | | | |
Stockholders’ equity: | | | | | |
Common stock $0.01 par; 450 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 |
Additional paid-in capital | 643.6 | 652.0 | 660.8 | 689.6 | 664.1 |
Accumulated other comprehensive income | 2.8 | -1.6 | -0.1 | -0.3 | |
Cumulative deficit | -143.7 | -121.6 | -94.6 | -31.8 | -5.6 |
Total stockholders’ equity | 503.1 | 529.1 | 566.5 | 658.0 | 658.9 |
Noncontrolling interests - Operating Partnership | 31.7 | 32.7 | 34.4 | | 0.5 |
Total equity | 534.9 | 561.9 | 600.9 | 658.0 | 659.4 |
Total liabilities and equity | 1,218.6 | 1,216.3 | 1,002.4 | 846.1 | 677.3 |
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