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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows from Operating Activities:    
Net income (loss) $ 2,849 $ (4,158)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation and amortization 18,591 6,152
Amortization of deferred financing costs 594 352
Amortization of lease inducements and above/below market lease intangibles 838 186
Straight-line rental revenue/expense (3,889) (1,585)
Amortization of above market assumed debt (55)  
Loss on sale of investment property 15  
Equity in income of unconsolidated entity (52) (43)
Distribution from unconsolidated entity 53 45
Change in fair value of derivatives (154) (72)
Provision for bad debts   6
Non-cash share compensation 1,944 860
Change in operating assets and liabilities:    
Tenant receivables (1,453) (50)
Other assets (1,231) 402
Accounts payable 397 (138)
Accrued expenses and other liabilities 4,013 1,954
Net cash provided by operating activities 22,460 3,911
Cash Flows from Investing Activities:    
Proceeds on sales of investment property 1,550  
Acquisition of investment properties, net (336,128) (208,118)
Capital expenditures on existing investment properties (1,815) (87)
Real estate loans receivable (9,000) (6,836)
Note receivable (4,123)  
Leasing commissions (63) (5)
Lease inducements (2,445) (1,500)
Net cash used in investing activities (352,024) (216,546)
Cash Flows from Financing Activities:    
Net proceeds from sale of common shares 318,041 149,917
Proceeds from credit facility borrowings 191,000 113,200
Payment on credit facility borrowings (138,000) (113,200)
Proceeds from issuance of mortgage debt   26,550
Principal payments on mortgage debt (966) (803)
Debt issuance costs (144) (1,331)
Dividends paid - shareholders (31,613) (9,716)
Distributions to noncontrolling interest- Operating Partnership (1,523) (1,664)
Preferred distributions paid - OP unitholder (238)  
Distributions to noncontrolling interest - partially owned properties (114) (99)
Purchase of OP Units (253)  
Net cash provided by financing activities 336,190 162,854
Net increase (decrease) in cash and cash equivalents 6,626 (49,781)
Cash and cash equivalents, beginning of period 15,923 56,478
Cash and cash equivalents, end of period 22,549 6,697
Supplemental disclosure of cash flow information - interest paid during the period 3,332 2,607
Supplemental disclosure of noncash activity - assumed debt 18,690 10,395
Supplemental disclosure of noncash activity - issuance of OP Units and Series A Preferred Units in connection with acquisitions 20,438 $ 3,135
Supplemental disclosure of noncash activity - contingent consideration $ 1,482