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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities:      
Net loss $ (31,784) $ (68,093) $ (52,511)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 122,985 105,945 63,112
Amortization of loan costs 4,082 3,762 2,921
Accretion of note origination costs     60
Amortization of above and below market intangibles 753 915 345
Straight-line rent adjustments (6,251) (4,309) (2,472)
Unrealized (gain) loss from mark-to-market adjustments on swaps (18) 33  
Loss on extinguishment of debt 368 986  
Contingent purchase price consideration adjustment (290) (589) (630)
Equity in earnings of unconsolidated entities, net of distributions 460 1,486 2,931
Impairment provision   4,661  
Loss on lease terminations 785 863  
Gain on sale of real estate (15,415)    
Gain on purchase of controlling interest in unconsolidated entity     (2,798)
Bad debt expense 346 1,170  
Changes in operating assets and liabilities:      
Other assets (2,024) 1,406 (1,791)
Deferred rent and lease incentives (5,386) (13,156) (1,016)
Due from related parties     (155)
Accounts payable and accrued liabilities (1,272) 6,423 7,235
Other liabilities 4,350 1,586 5,038
Due to related parties 1,715 428 (997)
Net cash flows provided by operating activities 73,404 43,517 19,272
Investing activities:      
Acquisition of properties (28,088) (866,340) (869,458)
Development of properties (95,142) (73,552) (47,150)
Proceeds from sale of real estate 33,629    
Issuance of note receivable to related party     (2,065)
Collection of note receivable from related party     5,591
Distribution from unconsolidated entities     2,206
Purchase of controlling interest in unconsolidated entity     (1,584)
Investment in unconsolidated entities     (220)
Receipt of contingent purchase price consideration 367    
Changes in restricted cash (2,435) 466 (7,914)
Capital expenditures (7,362) (8,029) (4,021)
Payment of leasing costs (2,846) (2,806) (543)
Deposits on real estate   (500) (500)
Net cash used in investing activities (101,877) (950,761) (925,658)
Financing activities:      
Subscriptions received for common stock through public offering   551,876 554,608
Payment of stock issuance and offering costs (32) (58,983) (58,880)
Distributions to stockholders, net of distribution reinvestments (31,454) (26,373) (14,203)
Redemptions of common stock (28,585) (7,441) (2,246)
Contribution from redeemable noncontrolling interest     568
Contribution from noncontrolling interest   71 400
Distributions to holder of noncontrolling interest (38) (23)  
Distribution to holder of promoted interest (4,650)   (2,000)
Draws under revolving credit facilities 105,113 775,000 367,223
Repayments on revolving credit facilities (120,250) (321,403) (259,320)
Proceeds from mortgage and other notes payable 157,620 95,570 402,438
Principal payments on mortgage and other notes payable (54,272) (115,818) (27,012)
Lender deposits     (150)
Contingent purchase price consideration payment (2,992)    
Purchase of interest rate cap (587) (2,251)  
Payment of loan costs (1,805) (5,414) (7,894)
Net cash flows provided by financing activities 18,068 884,811 953,532
Net increase (decrease) in cash (10,405) (22,433) 47,146
Cash at beginning of period 68,922 91,355 44,209
Cash at end of period 58,517 68,922 91,355
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest, net of capitalized interest of approximately $2.5 million, $2.0 million and $0.9 million, respectively 50,762 37,621 26,724
Cash paid for income taxes 1,140 702 545
Amounts incurred but not paid (including amounts due to related parties):      
Stock issuance and offering costs   32 1,656
Loan costs 26 136 310
Accrued development costs 12,497 11,251 7,951
Redemptions payable 10,397 2,739 872
Noncontrolling interests non-cash contributions   1,035  
Contingent purchase price consideration 4,644 7,500 268
Loan cost amortization capitalized on development properties 320 382 73
Distribution to holder of promoted interest $ 2,000    
Assumption of liabilities on acquired property   6,905 1,000
Assumption of mortgage note payable on acquired property   $ 7,128 $ 27,657