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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Cash Flows from Operating Activities:      
Net (loss) income $ (979) $ 2,778 $ 25,114
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 13,861 13,835  
Noncash interest income on real estate-related investments 1 1  
Deferred rent 873 (871)  
Bad debt expense 71 160  
Amortization of above- and below-market leases, net 181 163  
Amortization of deferred financing costs 274 265  
Unrealized gains on derivative instruments 0 (74)  
Loss from extinguishment of debt 92 0  
Changes in operating assets and liabilities:      
Rents and other receivables 344 (771)  
Prepaid expenses and other assets (3,599) (3,819)  
Accounts payable and accrued liabilities (1,209) (714)  
Due from affiliate 0 (129)  
Due to affiliate 20 28  
Other liabilities 7,398 1,552  
Net cash provided by operating activities 17,328 12,404  
Cash Flows from Investing Activities:      
Improvements to real estate (5,504) (2,986)  
Principal repayments on real estate loans receivable 43 41  
Net cash used in investing activities (5,461) (2,945)  
Cash Flows from Financing Activities:      
Proceeds from note payable 375,000 0  
Principal payments on notes payable (365,092) (757)  
Payments of deferred financing costs (2,725) (311)  
Payments to redeem common stock (1,277) (1,044)  
Distributions paid to common stockholders (11,791) (12,866)  
Net cash used in financing activities (5,885) (14,978)  
Net increase (decrease) in cash and cash equivalents and restricted cash 5,982 (5,519)  
Cash and cash equivalents and restricted cash, beginning of period 86,643 48,009 48,009
Cash and cash equivalents and restricted cash, end of period 92,625 42,490 $ 86,643
Supplemental Disclosure of Cash Flow Information:      
Interest paid 5,616 3,808  
Supplemental Disclosure of Noncash Transactions:      
Increase in accrued improvements to real estate $ 2,487 $ 222