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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ (12,915,000) $ 4,191,000
Adjustments to reconcile net income or loss to net cash provided by operating activities:    
Depreciation and amortization expense 51,823,000 45,830,000
Amortization of above and below market leases (855,000) 82,000
Hedge ineffectiveness 151,000 (1,009,000)
(Gain) loss on sale of properties and properties held for sale, less applicable income tax 18,203,000 643,000
Equity in losses of non-consolidated REITs 598,000 372,000
Increase (decrease) in allowance for doubtful accounts 25,000 70,000
Changes in operating assets and liabilities:    
Restricted cash (55,000) 20,000
Tenant rent receivables (1,618,000) (440,000)
Straight-line rents (1,897,000) (1,975,000)
Lease acquisition costs (318,000) (252,000)
Prepaid expenses and other assets (503,000) (958,000)
Accounts payable, accrued expenses and other items (6,829,000) (7,776,000)
Accrued compensation (1,855,000) (1,398,000)
Tenant security deposits 12,000 (136,000)
Payment of deferred leasing commissions (3,632,000) (6,898,000)
Net cash provided by operating activities 40,033,000 32,384,000
Cash flows from investing activities:    
Property acquisitions   (60,844,000)
Property improvements, fixtures and equipment (28,415,000) (10,870,000)
Office computers and furniture (49,000) (34,000)
Acquired real estate leases   (12,951,000)
Distributions in excess of earnings from non-consolidated REITs 691,000 359,000
Repayment of related party mortgage loan receivable 9,530,000 39,331,000
Proceeds received on sales of real estate assets 6,160,000 20,058,000
Net cash used in investing activities (12,083,000) (24,951,000)
Cash flows from financing activities:    
Distributions to stockholders (40,748,000) (38,072,000)
Borrowings under bank note payable 40,000,000 95,000,000
Repayments of bank note payable (25,000,000) (75,000,000)
Net cash used in financing activities (25,748,000) (18,072,000)
Net increase (decrease) in cash and cash equivalents 2,202,000 (10,639,000)
Cash and cash equivalents, beginning of year 9,335,000 18,163,000
Cash and cash equivalents, end of period 11,537,000 7,524,000
Non-cash investing and financing activities:    
Accrued costs for purchase of real estate assets $ 10,041,000 $ 2,838,000