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Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
1 Months Ended 12 Months Ended
Dec. 31, 2010
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income $ 7 $ 19,513 $ 12,842
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 3,134 30,263 26,591
Non-cash interest income adjustments 0 24 0
Amortization of deferred financing costs 230 3,800 1,998
Stock-based compensation expense 335 8,279 4,600
Amortization of premium on notes payable (2) (500) (15)
Amortization of premium on senior unsecured notes 0 (334) 0
Deferred taxes 242 0 0
Straight-line rental income adjustments 0 (4,893) (2,092)
Impairment 0 2,481 0
Changes in operating assets and liabilities:      
Prepaid expenses and other assets (609) (82) (1,035)
Accounts payable and accrued liabilities 3,276 1,321 5,695
Restricted cash (21) (3,620) (3,879)
Net cash provided by operating activities 6,592 56,252 44,705
Cash flows from investing activities:      
Cash received in the Separation 67,134 0 0
Acquisitions of real estate 0 (205,424) (204,500)
Origination of loans receivable 0 (22,180) 0
Acquisition of note receivable 0 0 (5,348)
Additions to corporate furniture, fixtures and equipment (16) (1,046) (86)
Repayment of note receivable 0 10,000 5,348
Net cash (used in) provided by investing activities 67,118 (218,650) (204,586)
Cash flows from financing activities:      
Proceeds from secured revolving credit facility 0 135,000 0
Proceeds from mortgage notes payable 10,000 56,651 0
Proceeds from issuance of senior unsecured notes 0 106,000 0
Payment of Separation-related obligations (9,081) 0 0
Payments on secured revolving credit facility 0 (42,500) 0
Principal payments on mortgage notes payable (235) (62,226) (3,027)
Payments of deferred financing costs (161) (6,800) (677)
Issuance of common stock 0 53 163,242
Dividends paid 0 (48,929) (31,640)
Net cash provided by financing activities 523 137,249 127,898
Net (decrease) increase in cash and cash equivalents 74,233 (25,149) (31,983)
Cash and cash equivalents, beginning of period 0 42,250 74,233
Cash and cash equivalents, end of period 74,233 17,101 42,250
Supplemental disclosure of cash flow information:      
Interest paid $ 760 $ 32,613 $ 28,557