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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 5,721 $ 1,477
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in income from unconsolidated real estate entities (11) (61)
Provision for doubtful accounts 303 437
Depreciation and amortization 13,599 11,214
Amortization of (below) above market lease intangibles, net (117) (4)
Accretion of loan origination fees (75) 0
Deferred interest income on notes receivable (81) 0
Loss on extinguishment of debt 22 0
Gain on sale of real estate (2,668) 0
Amortization of debt issuance costs 275 221
Accretion of premium on notes payable (58) (59)
Equity based compensation expense 1,346 934
Straight-line rent (956) (1,095)
Change in working capital components:    
Rents and other receivables (475) (336)
Deferred leasing costs (905) (929)
Other assets (829) 167
Accounts payable, accrued expenses and other liabilities 2,424 1,960
Tenant security deposits 216 418
Prepaid rents 1,346 (214)
Net cash provided by operating activities 19,077 14,130
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of investments in real estate (17,099) (24,289)
Capital expenditures (6,093) (6,279)
Acquisition related deposits (500) (400)
Distributions from unconsolidated real estate entities 11 0
Proceeds from sale of real estate 6,537 0
Net cash used in investing activities (17,144) (30,968)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock, net 3,740 0
Proceeds from notes payable 135,000 143,000
Repayment of notes payable (124,971) (116,088)
Debt issuance costs (1,940) (952)
Debt extinguishment costs (193) 0
Dividends paid to preferred stockholders (1,322) 0
Dividends paid to common stockholders (8,971) (7,506)
Distributions paid to common unitholders (311) (300)
Repurchase of common shares to satisfy employee tax withholding requirements (277) (115)
Net cash provided by financing activities 755 18,039
Increase in cash, cash equivalents and restricted cash 2,688 1,201
Cash, cash equivalents and restricted cash, beginning of period 15,525 5,201
Cash, cash equivalents and restricted cash, end of period 18,213 6,402
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of capitalized interest of $466 and $439 for the three months ended March 31, 2017 and 2016, respectively) 4,948 3,858
Supplemental disclosure of noncash investing and financing transactions:    
Capital expenditure accruals 1,485 1,624
Accrual of dividends $ 10,008 $ 7,814