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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 263,270 $ 39,327
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 94,833 36,357
Amortization of above and below market lease intangibles, net (1,368) 0
Non-cash interest income adjustments (1,174) 51
Non-cash interest expense 4,997 3,244
Stock-based compensation expense 3,839 4,319
Straight-line rental income adjustments (23,752) (9,578)
(Recovery of) provision for doubtful accounts and loan losses 539 2,305
Change in fair value of contingent consideration 0 (822)
Net gain on sales of real estate (142,431) (4,032)
Impairment of real estate 1,413 0
Loss from unconsolidated joint venture 1,901 0
Distributions of earnings from unconsolidated joint venture 3,610 0
Changes in operating assets and liabilities:    
Accounts receivable, prepaid expenses and other assets, net (2,130) (15,575)
Accounts payable and accrued liabilities 8,006 (1,314)
Net cash provided by operating activities 211,553 54,282
Cash flows from investing activities:    
Acquisition of real estate (213,982) (14,456)
Origination and fundings of loans receivable (28,157) (927)
Origination and fundings of preferred equity investments (945) (76)
Additions to real estate (16,817) (1,294)
Repayments of loans receivable 38,887 1,547
Repayments of preferred equity investments 375 2,766
Investment in unconsolidated joint venture (354,461) 0
Net proceeds from the sales of real estate 278,201 6,099
Net cash used in investing activities (296,899) (6,341)
Cash flows from financing activities:    
Net borrowings from revolving credit facility 35,000 6,000
Principal payments on secured debt (2,128) (2,049)
Payments of deferred financing costs (12) (124)
Distributions to noncontrolling interests (72) 0
Preferred stock redemption (143,750) 0
Issuance of common stock, net (499) (3,224)
Dividends paid on common and preferred stock (164,736) (60,691)
Net cash used in financing activities (276,197) (60,088)
Net decrease in cash, cash equivalents and restricted cash (361,543) (12,147)
Effect of foreign currency translation on cash, cash equivalents and restricted cash (252) 130
Cash, cash equivalents and restricted cash, beginning of period 587,449 34,665
Cash, cash equivalents and restricted cash, end of period 225,654 22,648
Supplemental disclosure of cash flow information:    
Interest paid $ 67,793 $ 28,944