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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 54,299 $ 24,673
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 44,953 28,867
Non-cash interest income adjustments 343 217
Amortization of deferred financing costs 3,829 2,812
Stock-based compensation expense 5,389 6,337
Amortization of debt discount (premium) 77 (33)
Loss on extinguishment of debt 0 1,576
Straight-line rental income adjustments (18,272) (13,074)
Provision for doubtful accounts and write-offs 6,605 2,994
Change in fair value of contingent consideration 300 (860)
Net loss on sales of real estate 2,115 0
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (15,035) (2,529)
Accounts payable and accrued liabilities (2,410) 22,607
Restricted cash (3,078) (2,348)
Net cash provided by operating activities 79,115 71,239
Cash flows from investing activities:    
Acquisitions of real estate (386,572) (721,879)
Origination and fundings of loans receivable (26,207) (59,256)
Preferred equity investments (9,281) (11,300)
Additions to real estate (1,596) (1,151)
DIP loan fundings (3,302) 0
Repayment of loans receivable 3,285 287
Release of contingent consideration held in escrow 5,240 0
Net proceeds from the sale of real estate 15,752 0
Net cash used in investing activities (402,681) (793,299)
Cash flows from financing activities:    
Proceeds from issuance of senior unsecured notes 0 350,000
Principal payments on senior unsecured notes 0 (211,250)
Net proceeds from revolving credit facility 136,000 478,500
Proceeds from term loan 73,242 0
Proceeds from mortgage notes 28,735 57,703
Principal payments on mortgage notes (2,184) (88,419)
Payments of deferred financing costs (1,314) (15,474)
Issuance of common stock 139,617 229,825
Dividends paid on common and preferred stock (80,619) (57,654)
Net cash provided by (used in) financing activities 293,477 743,231
Net (decrease) increase in cash and cash equivalents (30,089) 21,171
Effect of foreign currency translation on cash and cash equivalents (231) 0
Cash and cash equivalents, beginning of period 61,793 4,308
Cash and cash equivalents, end of period 31,473 25,479
Supplemental disclosure of cash flow information:    
Interest paid 43,405 26,705
Supplemental disclosure of non-cash investing and financing activities:    
Assumption of mortgage indebtedness 19,677 14,102
Repayment of preferred equity investments $ 0 $ 6,949