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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Investment properties:                  
Land and improvements $ 189,759       $ 130,788        
Building and improvements 2,402,643       1,284,863        
Tenant improvements 14,133       9,243        
Acquired lease intangibles 301,462       205,168        
Gross real estate property 2,907,997       1,630,062        
Accumulated depreciation (181,785)       (91,250)        
Net real estate property 2,726,212       1,538,812        
Real estate loans receivable 39,154       39,349        
Investment in unconsolidated entity 2,258       1,322        
Net real estate investments 2,767,624       1,579,483        
Cash and cash equivalents 15,491       3,143       $ 15,923
Tenant receivables, net 9,790       2,977        
Other assets 95,187       53,283        
Total assets 2,888,092       1,638,886        
Liabilities:                  
Credit facility 643,742       389,375        
Notes payable 224,330       0        
Mortgage debt 123,083       94,240        
Accounts payable 4,423       644        
Dividends and distributions payable 32,179       20,783        
Accrued expenses and other liabilities 42,287       24,473        
Acquired lease intangibles, net 9,253       5,950        
Total liabilities 1,079,297       535,465        
Redeemable noncontrolling interest – Series A Preferred Units and partially owned properties 26,477       26,960        
Equity:                  
Common shares, $0.01 par value, 500,000,000 common shares authorized, 135,966,013 and 86,864,063 common shares issued and outstanding as of December 31, 2016 and December 31, 2015, respectively 1,362       872        
Additional paid-in capital 1,920,642       1,129,284        
Accumulated deficit (197,261)       (109,024)        
Noncontrolling interests:                  
Operating Partnership 43,142       45,451        
Partially owned properties 725       9,878        
Total noncontrolling interests 43,867       55,329        
Total equity 1,782,318       1,076,461       569,209
Capital:                  
Accumulated other comprehensive income 13,708       0        
Total liabilities and equity 2,888,092       1,638,886        
Stockholders' Equity Attributable to Parent 1,738,451       1,021,132        
Operating Partnership                  
Investment properties:                  
Land and improvements 189,759 $ 172,685 $ 160,718 $ 141,152 130,788 $ 123,240 $ 110,349 $ 99,950 79,334
Building and improvements 2,402,643 2,220,448 2,080,192 1,452,885 1,284,863 1,167,768 931,467 817,673 644,086
Tenant improvements 14,133 12,627 11,519 10,455 9,243 8,524 6,810 6,417 5,614
Acquired lease intangibles 301,462 282,798 263,919 228,788 205,168 176,087 132,255 109,173 72,985
Gross real estate property 2,907,997 2,688,558 2,516,348 1,833,280 1,630,062 1,475,619 1,180,881 1,033,213 802,019
Accumulated depreciation (181,785) (153,815) (129,136) (108,239) (91,250) (75,930) (64,353) (53,451) (45,569)
Net real estate property 2,726,212 2,534,743 2,387,212 1,725,041 1,538,812 1,399,689 1,116,528 979,762 756,450
Real estate loans receivable 39,154 43,817 38,774 35,937 39,349 28,979 25,320 16,094 15,876
Investment in unconsolidated entity 2,258 1,326 1,354 1,327 1,322 1,323 1,324 1,324 1,324
Net real estate investments 2,767,624 2,579,886 2,427,340 1,762,305 1,579,483 1,429,991 1,143,172 997,180 773,650
Cash and cash equivalents 15,491 8,396 37,945 22,906 3,143 4,718 22,549 35,774 15,923
Tenant receivables, net 9,790 9,551 3,427 6,024 2,977 3,047 2,333 2,127 1,324
Other assets 95,187 72,814 64,200 59,657 53,283 34,741 31,598 27,142 16,423
Total assets 2,888,092 2,670,647 2,532,912 1,850,892 1,638,886 1,472,497 1,199,652 1,062,223 807,320
Liabilities:                  
Credit facility 643,742 448,321 369,685 115,789 389,375 467,072 187,638 69,384 134,144
Notes payable 224,330 224,339 149,561 149,551 0        
Mortgage debt 123,083 113,736 114,296 114,816 94,240 94,795 95,332 83,584 77,708
Accounts payable 4,423 2,222 1,723 1,659 644 1,393 1,097 448 700
Dividends and distributions payable 32,179 31,755 31,771 25,701 20,783 17,059 16,942 16,722 16,548
Accrued expenses and other liabilities 42,287 46,574 38,593 28,948 24,473 19,038 14,997 13,029 6,140
Acquired lease intangibles, net 9,253 9,399 9,348 6,407 5,950 5,053 3,171 3,056 2,871
Total liabilities 1,079,297 876,346 714,977 442,871 535,465 604,410 319,177 186,223 238,111
Redeemable noncontrolling interest – Series A Preferred Units and partially owned properties 26,477 25,891 19,867 27,065 26,960 11,719 11,656 13,721 0
Capital:                  
General partner’s capital, 134,620,300 and 86,864,063 units issued and outstanding as of September 31, 2016 and December 31, 2015, respectively 1,724,743 1,720,867 1,738,121 1,323,251 1,021,132 811,282 823,032 818,634 534,730
Limited partners’ capital, 3,618,988 and 3,879,115 units issued and outstanding as of September 31, 2016 and December 31, 2015, respectively 43,142 46,138 50,155 47,567 45,451 43,737 44,473 42,430 33,727
Accumulated other comprehensive income 13,708 652     0        
Total partners’ capital 1,781,593 1,767,657 1,788,276 1,370,818 1,066,583 855,019 867,505 861,064 568,457
Noncontrolling interests - partially owned properties 725       9,878        
Total capital 1,782,318 1,768,410 1,798,068 1,380,956 1,076,461 856,368 868,819 862,279 569,209
Total liabilities and equity $ 2,888,092 2,670,647 2,532,912 1,850,892 1,638,886 1,472,497 1,199,652 1,062,223 807,320
Partially Owned Properties | Operating Partnership                  
Capital:                  
Noncontrolling interests - partially owned properties   $ 753 $ 9,792 $ 10,138 $ 9,878 $ 1,349 $ 1,314 $ 1,215 $ 752