XML 58 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net loss $ (308) $ (7,805)
Adjustment to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 49,508 28,486
Loss on impairment   4,563
Non-cash portion of interest expense 783 755
Intangible amortization in rental income, net 4,399 3,481
Straight-line rent adjustments, net (2,139) (1,733)
Gain on interest rate swaps   (215)
Loss on extinguishment of debt   929
Gain on sales of real estate (464) (219)
Non-cash compensation expense 2,227 1,457
Issuance of units for acquisition fee   225
Change in assets and liabilities:    
Tenant accounts receivable, net (1,399) (317)
Leasing commissions, net (1,453) (567)
Restricted cash (764) (943)
Prepaid expenses and other assets (1,611) (716)
Accounts payable, accrued expenses and other liabilities 3,539 2,308
Tenant prepaid rent and security deposits 2,270 492
Due from related parties 626 25
Total adjustments 55,522 38,011
Net cash provided by operating activities 55,214 30,206
Cash flows from investing activities:    
Additions of land and building improvements (183,882) (159,951)
Proceeds from sales of rental property, net 4,843 3,216
Restricted cash (549) 3,339
Cash paid for deal deposits, net (460) (3,675)
Additions to lease intangibles (54,842) (54,239)
Net cash used in investing activities (234,890) (211,310)
Cash flows from financing activities:    
Proceeds from sale of Series B Preferred stock 70,000  
Proceeds from credit facility   124,300
Repayment of credit facility   (124,300)
Proceeds from unsecured credit facility 90,000 12,000
Repayment of unsecured credit facility (169,300)  
Proceeds from unsecured term loans 100,000 100,000
Proceeds from mortgage notes payable   9,252
Repayment of mortgage notes payable (3,151) (143,985)
Payment of loan fees and costs (1,511) (2,833)
Dividends and distributions (47,671) (24,296)
Proceeds from sales of common stock 154,669 237,568
Offering costs (8,457) (10,863)
Restricted cash - escrow for dividends   (1,553)
Net cash provided by financing activities 184,579 175,290
Increase (decrease) in cash and cash equivalents 4,903 (5,814)
Cash and cash equivalents-beginning of period 19,006 16,498
Cash and cash equivalents-end of period $ 23,909 $ 10,684