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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 40,007 $ 21,944
Restricted cash 15,311 24,748
Restricted cash - real estate funds held for exchange 0 47,031
Real estate:    
Land 374,557 363,468
Building and improvements 2,098,007 2,063,805
Tenant origination and absorption cost 541,646 536,882
Construction in progress 8,160 4,827
Total real estate 3,022,370 2,968,982
Less: accumulated depreciation and amortization (304,848) (208,933)
Total real estate, net 2,717,522 2,760,049
Investments in unconsolidated entities 48,051 56,863
Intangible assets, net 31,713 37,433
Deferred rent 41,012 29,148
Mortgage receivable from affiliate 0 24,513
Deferred leasing costs, net 13,554 13,833
Other assets 17,721 21,828
Total assets 2,924,891 3,037,390
Debt:    
Mortgages payable 363,938 361,746
Term Loan (July 2015) 710,169 634,922
Revolver Loan (July 2015) 378,313 476,759
Total debt 1,452,420 1,473,427
Restricted reserves 9,487 11,847
Interest rate swap liability 23,250 6,394
Mandatory redemption of noncontrolling interest 0 18,129
Accrued expenses and other liabilities 66,850 70,371
Distributions payable 6,130 6,147
Due to affiliates 3,420 8,838
Below market leases, net 33,226 41,706
Total liabilities 1,594,783 1,636,859
Commitments and contingencies
Noncontrolling interests subject to redemption, 531,000 units eligible towards redemption as of September 30, 2016 and December 31, 2015 4,887 4,887
Stockholders’ equity:    
Preferred Stock, $0.001 par value; 200,000,000 shares authorized; no shares outstanding as of September 30, 2016 and December 31, 2015 0 0
Common Stock, $0.001 par value; 700,000,000 shares authorized; 175,945,568 and 175,184,519 shares outstanding, as of September 30, 2016 and December 31, 2015 176 175
Additional paid-in capital 1,561,511 1,561,499
Cumulative distributions (303,202) (212,031)
Accumulated deficit (30,101) (55,035)
Accumulated other comprehensive loss (24,279) (6,839)
Total stockholders’ equity 1,204,105 1,287,769
Noncontrolling interests 30,502 21,318
Total equity 1,234,607 1,309,087
Total liabilities and equity 2,924,891 3,037,390
Common stock subject to redemption    
Debt:    
Common stock subject to redemption $ 90,614 $ 86,557