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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 2,302 $ 9,377
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Gain on sale of real estate acquired for investment    (7,696)
Bad debt (recoveries) (26) (227)
Income from Advised Funds (368) (44)
Cash receipts for related party fees 16 10
Depreciation and amortization 6,044 6,032
Amortization of deferred compensation 716 619
Decrease in tenant and accounts receivable 784 414
Increase in accounts receivable - related party (920) (703)
(Increase) decrease in other assets (1,643) 491
Decrease in accounts payable and other liabilities (2,823) (1,949)
Net cash provided by operating activities 4,082 6,324
Cash flows from investing activities:    
Improvements to real estate, including tenant improvements and leasing costs (1,665) (1,679)
Net cash paid for acquisition of investment properties (28,595) (29,714)
Additions to furniture, fixtures and equipment (42) (26)
Notes receivable collections (advances) 4,184 (1,377)
Investments in and advances to Advised Funds   (1,762)
Distributions and payments from Advised Funds 1,008 3,718
Proceeds from sale of investment property   32,861
Net cash (used in) provided by investing activities (25,110) 2,021
Cash flows from financing activities:    
Proceeds from notes payable 20,500 48,050
Payments of notes payable (1,013) (51,495)
Payments for financing costs (1) (9)
Issuance costs    (13)
Common dividends paid (7,871) (6,470)
Net cash provided by (used) in financing activities 11,615 (9,937)
Net decrease in cash and cash equivalents (9,413) (1,592)
Cash and cash equivalents, beginning of period 14,297 2,992
Cash and cash equivalents, end of period 4,884 1,400
Supplemental schedule of cash flow information:    
Interest 4,812 4,684
Taxes 372 250
Deferred compensation recorded upon issuance of restricted shares of common stock 983 948
Reclassification of tenant and accounts receivable to notes receivable 217 119
Reclassification of accounts receivable - related party to notes receivable - related party 556 448
Contribution of interest in net assets to joint ventures   $ 10,785