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Consolidated and Combined Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES      
Net income $ 31,183 $ 12,759 $ 14,453
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of buildings and tenant improvements 18,678 14,984 12,806
Amortization of leasing costs and in-place lease intangibles 4,475 2,585 2,092
Accrued straight-line rental revenue (1,924) (2,203) (1,055)
Amortization of leasing incentives and above or below-market rents 738 632 683
Accrued straight-line ground rent expense 290 315 364
Bad debt expense 131 79 162
Noncash stock compensation 931 917 1,249
Impairment charges 41 15 580
Noncash interest expense 1,006 517 636
Noncash loss on extinguishment of debt 512   644
Gain on real estate dispositions and acquisitions (18,394) (2,211) (9,460)
Change in the fair value of derivatives 229 233 12
Other noncash gain   (42)  
Income from real estate joint ventures     (210)
Changes in operating assets and liabilities      
Property assets (2,463) (1,420) 7,761
Property liabilities 2,326 (1,069) (2,836)
Construction assets (17,337) (5,893) (2,115)
Construction liabilities 12,664 11,164 (3,591)
Net cash provided by operating activities 33,086 31,362 22,175
INVESTING ACTIVITIES      
Development of real estate investments (52,719) (98,467) (41,298)
Tenant and building improvements (5,157) (6,362) (3,920)
Acquisitions of real estate investments (68,445) (2,754) (2,106)
Dispositions of real estate investments 79,566 7,387  
Notes receivable issuances (7,825)    
Government development grants 300 300 300
Decrease (increase) in restricted cash 1,580 (1,824) 93
Leasing costs (2,118) (2,835) (1,180)
Leasing incentives (1,563) (751) (266)
Contributions to real estate joint ventures     (81)
Return of capital from real estate joint ventures     511
Net cash used for investing activities (56,381) (105,306) (47,947)
FINANCING ACTIVITIES      
Proceeds from sale of common stock 46,462 49,566 203,245
Offering costs (427) (416) (7,937)
Formation transactions     (47,450)
Debt issuances, credit facility and construction loan borrowings 214,407 117,645 106,054
Debt and credit facility repayments, including principal amortization (206,889) (63,306) (197,478)
Debt issuance costs (1,887) (448) (2,738)
Redemption of operating partnership units (241)    
Dividends and distributions (27,024) (22,096) (7,733)
Predecessor contributions     2,218
Predecessor distributions     (12,927)
Net cash provided by financing activities 24,401 80,945 35,254
Net increase in cash and cash equivalents 1,106 7,001 9,482
Cash and cash equivalents, beginning of period 25,883 18,882 9,400
Cash and cash equivalents, end of period 26,989 25,883 18,882
Supplemental cash flow information:      
Cash paid for interest (12,993) (12,132) $ (12,617)
Cash refunded (paid) for income taxes $ 276 $ (821)