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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 4,191 $ 16,436
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 45,830 46,913
Amortization of above market lease 82 (32)
Hedge ineffectiveness 1,009  
Gain (loss) on sale of properties and property held for sale, less applicable income tax 643 (11,410)
Equity in losses of non-consolidated REITs 372 360
Increase (decrease) in allowance for doubtful accounts 70 (75)
Changes in operating assets and liabilities:    
Restricted cash 20 694
Tenant rent receivables (440) 1,922
Straight-line rents (1,975) (643)
Lease acquisition costs (252) (231)
Prepaid expenses and other assets (958) 196
Accounts payable, accrued expenses and other items (7,776) (4,306)
Accrued compensation (1,398) (1,431)
Tenant security deposits (136) 66
Payment of deferred leasing commissions (6,898) (2,737)
Net cash provided by operating activities 32,384 45,722
Cash flows from investing activities:    
Property acquisitions (60,844) (66,104)
Property improvements, fixtures and equipment (10,904) (10,333)
Acquired real estate leases (12,951) (10,604)
Distributions in excess of earnings from non-consolidated REITs 359 54
Repayment of related party mortgage loan receivable 39,331  
Proceeds received on sales of real estate assets 20,058 55,659
Net cash provided by investing activities (24,951) (31,328)
Cash flows from financing activities:    
Distributions to stockholders (38,072) (38,072)
Borrowings under bank note payable 95,000 95,000
Repayments of bank note payable (75,000) (63,000)
Net cash used in financing activities (18,072) (6,072)
Net increase (decrease) in cash and cash equivalents (10,639) 8,322
Cash and cash equivalents, beginning of year 18,163 7,519
Cash and cash equivalents, end of period 7,524 15,841
Non-cash investing and financing activities:    
Accrued costs for purchase of real estate assets $ 2,838 $ 2,732