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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Statement of Cash Flows [Abstract]      
Net loss $ (41,960,000) $ (37,712,000) $ (221,000)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 120,924,000 28,889,000 1,077,000
Amortization of deferred financing costs 3,737,000 1,313,000 0
Amortization of mortgage premiums (1,933,000) (689,000) 0
Amortization of market lease and other intangibles, net (101,000) 638,000 13,000
Bad debt expense 7,291,000 0 0
Equity-based compensation 60,000 73,000 16,000
Gain on sale of investment securities (446,000) (8,000) 0
Changes in assets and liabilities:      
Straight-line rent receivable (12,535,000) (2,208,000) (117,000)
Prepaid expenses and other assets (12,893,000) (8,837,000) (1,905,000)
Accounts payable, accrued expenses and other liabilities 5,203,000 10,877,000 327,000
Deferred rent 1,333,000 2,977,000 46,000
Restricted cash (2,869,000) (1,778,000) 0
Net cash provided by (used in) operating activities 65,811,000 (6,465,000) (764,000)
Cash flows from investing activities:      
Investment in real estate and other assets (570,134,000) (1,506,862,000) (46,134,000)
Deposits for real estate acquisitions 1,000,000 (3,650,000) (350,000)
Capital expenditures (6,885,000) (807,000) 0
Purchase of investment securities (93,000) (20,328,000) 0
Proceeds from sale of investment securities 19,278,000 513,000 0
Net cash used in investing activities (556,834,000) (1,531,134,000) (46,484,000)
Cash flows from financing activities:      
Proceeds from credit facility 440,000,000 0 0
Payments of credit facility (10,000,000) 0 0
Payments of mortgage notes payable (6,389,000) (535,000) 0
Payments of deferred financing costs (13,283,000) (5,408,000) (7,000)
Proceeds from issuance of common stock 6,000 1,853,231,000 184,006,000
Common stock repurchases (10,413,000) (541,000) 0
Payments of offering costs and fees related to common stock issuances (629,000) (202,715,000) (23,696,000)
Distributions paid (66,214,000) (35,165,000) (1,305,000)
Contributions from non-controlling interest holders 500,000 0 0
Distributions to non-controlling interest holders (698,000) 0 0
Payments to related parties 0 (484,000) 80,000
Net cash provided by financing activities 332,880,000 1,608,383,000 159,078,000
Net change in cash and cash equivalents (158,143,000) 70,784,000 111,830,000
Cash and cash equivalents, beginning of period 182,617,000 111,833,000 3,000
Cash and cash equivalents, end of period 24,474,000 182,617,000 111,833,000
Supplemental disclosures of cash flow information:      
Cash paid for interest 7,867,000 2,313,000 0
Cash paid for taxes 374,000 601,000 0
Non-cash investing and financing activities:      
Payable and accrued offering costs 0 631,000 489,000
Accrued repurchases included in accounts payable and accrued expenses 12,014,000 1,267,000 40,000
Assumption of mortgage notes payable used to acquire investments in real estate 100,058,000 66,321,000 0
Premiums on assumed mortgage notes payable 1,492,000 3,533,000 1,345,000
Liabilities assumed in real estate acquisitions 882,000 9,040,000 91,000
Common stock issued through distribution reinvestment plan 78,502,000 41,580,000 1,345,000
Reclassification of deferred offering costs to equity $ 0 $ 0 $ 807,000