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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES    
Net income $ 29,664 $ 18,403
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of buildings and tenant improvements 11,105 8,950
Amortization of leasing costs and in-place lease intangibles 5,646 1,724
Accrued straight-line rental revenue (448) (1,349)
Amortization of leasing incentives and above or below-market rents (49) 394
Accrued straight-line ground rent expense 132 158
Bad debt expense 95 72
Noncash stock compensation 652 582
Impairment charges 35 23
Noncash interest expense 475 558
Noncash loss on extinguishment of debt 0 407
Gain on real estate dispositions (26,687) (13,407)
Change in the fair value of derivatives 2,762 187
Changes in operating assets and liabilities:    
Property assets (2,019) (2,067)
Property liabilities (1,543) 810
Construction assets 3,264 (20,040)
Construction liabilities (4,136) 9,900
Net cash provided by operating activities 18,948 5,305
INVESTING ACTIVITIES    
Development of real estate investments (32,669) (31,050)
Tenant and building improvements (2,875) (2,471)
Acquisitions of real estate investments, net of cash received (164,978) (35,372)
Dispositions of real estate investments 92,775 50,613
Notes receivable issuances (31,486) 0
(Decrease) increase in restricted cash (179) 1,179
Leasing costs (1,003) (1,508)
Leasing incentives (87) (1,563)
Contributions to equity method investments (8,887) 0
Net cash used for investing activities (149,389) (20,172)
FINANCING ACTIVITIES    
Proceeds from sales of common stock 31,180 3,596
Offering costs (793) (203)
Debt issuances, credit facility and construction loan borrowings 185,239 173,994
Debt and credit facility repayments, including principal amortization (75,700) (146,378)
Debt issuance costs (559) (1,446)
Redemption of operating partnership units (58) (79)
Dividends and distributions (15,873) (13,144)
Net cash provided by financing activities 123,436 16,340
Net (decrease) increase in cash and cash equivalents (7,005) 1,473
Cash and cash equivalents, beginning of period 26,989 25,883
Cash and cash equivalents, end of period $ 19,984 $ 27,356