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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities:    
Net income (loss) $ 6,832 $ (6,409)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation and amortization 31,067 10,565
Amortization of deferred financing costs 953 626
Accelerated amortization of deferred financing costs 0 141
Amortization of lease inducements and above/below market lease intangibles 1,559 331
Straight-line rental revenue/expense (6,262) (2,785)
Amortization of above market assumed debt (114) 0
Gain on sale of investment properties (130) (34)
Equity in income of unconsolidated entity (78) (69)
Distribution from unconsolidated entity 79 45
Change in fair value of derivatives (116) (138)
Provision for bad debts 26 5
Non-cash share compensation 2,929 1,681
Ziegler shared service amendment payment 0 1,800
Impairment on investment property 0 250
Change in operating assets and liabilities:    
Tenant receivables (2,448) (521)
Other assets (1,268) (1,285)
Accounts payable 693 (203)
Accrued expenses and other liabilities 7,929 3,445
Net cash provided by operating activities 41,651 7,445
Cash Flows from Investing Activities:    
Proceeds on sales of investment properties 3,039 235
Acquisition of investment properties, net (629,888) (404,715)
Capital expenditures on existing investment properties (3,974) (551)
Real estate loans receivable (12,404) (6,836)
Note receivable (4,123) 0
Leasing commissions (278) (5)
Lease inducements (2,478) (1,532)
Net cash used in investing activities (650,106) (413,404)
Cash Flows from Financing Activities:    
Net proceeds from sale of common shares 318,170 295,610
Proceeds from credit facility borrowings 473,000 286,200
Payment on credit facility borrowings (138,000) (216,200)
Proceeds from issuance of mortgage debt 0 26,550
Principal payments on mortgage debt (1,486) (1,234)
Debt issuance costs (3,029) (3,848)
Dividends paid - shareholders (47,665) (17,443)
Distributions to noncontrolling interest - Operating Partnership (2,374) (2,665)
Preferred distributions paid - OP Unit holder (360) 0
Distributions to noncontrolling interest - partially owned properties (158) (143)
Purchase of OP Units (253) 0
Common shares repurchased and retired (595) (321)
Net cash provided by financing activities 597,250 366,506
Net decrease in cash and cash equivalents (11,205) (39,453)
Cash and cash equivalents, beginning of period 15,923 56,478
Cash and cash equivalents, end of period 4,718 17,025
Supplemental disclosure of cash flow information - interest paid during the period 6,010 4,113
Supplemental disclosure of noncash activity - assumed debt 18,690 15,283
Supplemental disclosure of noncash activity - issuance of OP Units and Series A Preferred Units in connection with acquisitions 20,677 28,589
Supplemental disclosure of noncash activity - contingent consideration $ 550 $ 840