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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income (loss) $ (15,944) $ 8,378 $ 35,014
Adjustments to reconcile net income or loss to net cash provided by operating activities:      
Depreciation and amortization expense 103,743 95,243 93,426
Amortization of above and below market leases (1,031) (496) (158)
Hedge ineffectiveness 1,878 (1,878)  
(Gain) loss on sale of properties and properties held for sale, less applicable income tax 18,481 2,938 (23,662)
Equity in losses of non-consolidated REITs 3,604 831 1,451
Increase in allowance for doubtful accounts 150 (30) (195)
Changes in operating assets and liabilities:      
Restricted cash (15) (8) 719
Tenant rent receivables (160) (185) 2,030
Straight-line rents (1,767) (1,977) (2,448)
Lease acquisition costs (2,052) (1,095) (1,487)
Prepaid expenses and other assets (403) (721) 422
Accounts payable, accrued expenses and other items 3,870 5,751 5,505
Accrued compensation (143) 58 (32)
Tenant security deposits 28 526 581
Payment of deferred leasing commissions (14,309) (12,965) (8,276)
Net cash provided by operating activities 95,930 94,370 102,890
Cash flows from investing activities:      
Property acquisitions   (221,119) (66,104)
Property improvements, fixtures and equipment (54,187) (37,407) (21,750)
Office computers and furniture (119) (83) (179)
Acquired real estate leases   (51,509) (10,604)
Distributions in excess of earnings from non-consolidated REITs 1,396 1,023 107
Investment in related party mortgage loan receivable   (3,000) (25,000)
Repayment of related party mortgage receivable 10,060 39,861  
Proceeds received on sales of real estate assets 37,756 27,262 85,426
Net cash used in investing activities (5,094) (244,972) (38,104)
Cash flows from financing activities:      
Distributions to stockholders (81,496) (77,481) (76,142)
Proceeds from equity offering   83,511  
Offering costs   (609)  
Borrowings under bank note payable 75,000 175,000 110,000
Repayments of bank note payable (277,000) (185,000) (88,000)
Borrowing of Series A & Series B Senior Notes 200,000    
Borrowing of term loan payable   150,000  
Deferred financing costs (6,902) (3,647)  
Net cash provided by (used in) financing activities (90,398) 141,774 (54,142)
Net increase (decrease) in cash and cash equivalents 438 (8,828) 10,644
Cash and cash equivalents, beginning of year 9,335 18,163 7,519
Cash and cash equivalents, end of period 9,773 9,335 18,163
Cash paid for:      
Interest 29,969 23,896 22,963
Taxes on income 584 490 803
Non-cash investing and financing activities:      
Accrued costs for purchase of real estate assets $ 5,140 $ 5,230 $ 3,211