XML 36 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated and Combined Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended 7 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Predecessor
Jul. 23, 2013
Predecessor
Cash Flows from Operating Activities:      
Net loss $ (4,158)    
Net loss   (584) (576)
Adjustments to reconcile net loss to net cash provided by operating activities      
Depreciation and amortization 6,152 2,021  
Amortization of deferred financing costs 352 42  
Amortization of lease inducements and above/below market lease intangibles 186 35  
Straight-line rental revenue (1,585) (1)  
Equity in income of unconsolidated entity (43)    
Distribution from unconsolidated entity 45    
Change in fair value of derivative (72) (190)  
Provision for bad debts 6 30  
Non-cash share compensation 860    
Change in operating assets and liabilities:      
Tenant receivables (50) 97  
Other assets 402 (737)  
Accounts payable to related parties   384  
Accounts payable (138) (270)  
Accrued expenses and other liabilities 1,954 239  
Net cash provided by operating activities 3,911 1,066  
Cash Flows from Investing Activities:      
Acquisition of investment properties, net (208,118)    
Capital expenditures on investment properties (87) (268)  
Real estate loan receivable (6,836)    
Leasing commissions (5) (39)  
Lease inducement (1,500)    
Cash used in investing activities (216,546) (307)  
Cash Flows from Financing Activities:      
Net proceeds from sale of common shares 149,917    
Proceeds from credit facility borrowings 113,200    
Payment on credit facility borrowings (113,200)    
Proceeds from issuance of mortgage debt 26,550 163  
Payments on mortgage debt (803) (857)  
Debt issuance costs (1,331)    
Dividends paid - shareholders (9,716)    
Distributions to noncontrolling interest-operating partnership (1,664) (173)  
Distributions to members and partners   (140)  
Distributions to noncontrolling interest - partially owned properties (99)    
Net cash provided by (used in) financing activities 162,854 (1,007)  
Net decrease in cash and cash equivalents (49,781) (248)  
Cash and cash equivalents, beginning of period 56,478 2,614 2,614
Cash and cash equivalents, end of period 6,697 2,366  
Supplemental disclosure of cash flow information - interest paid during the period 2,607 2,131  
Supplemental disclosure of noncash activity - assumed debt 10,395    
Supplemental disclosure of noncash activity - issuance of Operating Partnership units in connection with acquisitions $ 3,135