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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 income $ 42,755 $ 31,183 $ 12,759
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of buildings and tenant improvements 23,453 18,678 14,984
Amortization of leasing costs and in-place lease intangibles 11,875 4,475 2,585
Accrued straight-line rental revenue (1,091) (1,924) (2,203)
Amortization of leasing incentives and above or below-market rents (85) 738 632
Accrued straight-line ground rent expense 371 290 315
Bad debt expense 203 131 79
Noncash stock compensation 1,082 931 917
Impairment charges 355 41 15
Noncash interest expense 980 1,006 517
Loss on extinguishment of debt 82 512 0
Gain on real estate dispositions (30,533) (18,394) (2,211)
Change in the fair value of interest rate derivatives 941 229 233
Other noncash gain 0 0 (42)
Changes in operating assets and liabilities:      
Property assets (3,183) (2,463) (1,420)
Property liabilities 3,761 2,326 (1,069)
Construction assets (6,385) (17,337) (5,893)
Construction liabilities 15,189 12,664 11,164
Net cash provided by operating activities 59,770 33,086 31,362
INVESTING ACTIVITIES      
Development of real estate investments (57,425) (52,719) (98,467)
Tenant and building improvements (6,698) (5,157) (6,362)
Acquisitions of real estate investments (195,645) (68,445) (2,754)
Dispositions of real estate investments 96,670 79,566 7,387
Notes receivable issuances (51,721) (7,825) 0
Government development grants 0 300 300
Decrease (increase) in restricted cash (208) 1,580 (1,824)
Leasing costs (2,374) (2,118) (2,835)
Leasing incentives (236) (1,563) (751)
Contributions to real estate joint ventures (8,824) 0 0
Net cash used for investing activities (226,461) (56,381) (105,306)
FINANCING ACTIVITIES      
Proceeds from sales of common stock 68,475 46,462 49,566
Offering costs (1,453) (427) (416)
Debt issuances, credit facility and construction loan borrowings 316,852 214,407 117,645
Debt and credit facility repayments, including principal amortization (186,533) (206,889) (63,306)
Debt issuance costs (1,796) (1,887) (448)
Redemption of operating partnership units (58) (241) 0
Dividends and distributions (33,843) (27,024) (22,096)
Net cash provided by financing activities 161,644 24,401 80,945
Net increase (decrease) in cash and cash equivalents (5,047) 1,106 7,001
Cash and cash equivalents, beginning of period 26,989 25,883 18,882
Cash and cash equivalents, end of period 21,942 26,989 25,883
Supplemental cash flow information:      
Cash paid for interest (15,326) (12,993) (12,132)
Cash refunded (paid) for income taxes (121) 276 (821)
Common shares and OP units issued for acquisitions 47,278 15,169 16,351
Change in accrued capital improvements and development costs $ 8,183 $ 1,825 $ 2,608