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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Adjustments to reconcile net income to net cash provided by operating activities      
Net income (loss) $ 39,773,000 $ 31,522,000 $ 12,741,000
Depreciation and amortization 125,159,000 86,589,000 45,471,000
Amortization of deferred financing costs 2,299,000 2,325,000 1,373,000
Amortization of lease inducements and above/below-market lease intangibles 5,083,000 3,906,000 2,577,000
Straight-line rental revenue/expense (16,202,000) (16,226,000) (9,000,000)
Amortization of unsecured bond discount 277,000 0 0
Amortization of above-market assumed debt (178,000) (236,000) (173,000)
Gain on sale of investment properties (5,874,000) 0 (130,000)
Equity in income of unconsolidated entities (183,000) (115,000) (104,000)
Distribution from unconsolidated entities 210,000 82,000 106,000
Change in fair value of derivatives 150,000 (240,000) (166,000)
Provision for bad debts 123,000 2,310,000 69,000
Non-cash share compensation 6,695,000 5,672,000 3,798,000
Net change in fair value of contingent consideration (472,000) (840,000) 0
Impairment on investment properties 965,000 0 0
Change in operating assets and liabilities:      
Tenant receivables (2,988,000) (10,058,000) (2,836,000)
Other assets (533,000) (19,230,000) (2,630,000)
Accounts payable 6,600,000 3,779,000 (56,000)
Accrued expenses and other liabilities 19,567,000 37,957,000 8,312,000
Net cash provided by operating activities 180,471,000 127,197,000 59,352,000
Cash Flows from Investing Activities:      
Proceeds on sales of investment properties 20,397,000 0 3,039,000
Acquisition of investment properties, net (1,268,442,000) (1,240,438,000) (752,807,000)
Acquisition of non-controlling interest (8,469,000) (4,690,000) 0
Escrowed cash—acquisition deposits/earnest deposits (1,280,000) (1,157,000) 2,000,000
Capital expenditures on existing investment properties (23,243,000) (11,304,000) (4,988,000)
Pay down of contingent consideration (156,000) (483,000) (999,000)
Real estate loans receivable (39,063,000) (10,207,000) (22,359,000)
Note receivable 0 0 (20,545,000)
Repayment of real estate loan receivable 4,711,000 11,336,000 0
Repayment of note receivable 16,423,000 4,118,000 0
Leasing commissions (1,449,000) (1,034,000) (579,000)
Lease inducements (2,067,000) (8,957,000) (2,478,000)
Net cash used in investing activities (1,302,638,000) (1,262,816,000) (799,716,000)
Cash Flows from Financing Activities:      
Net proceeds from sale of common shares 844,669,000 766,841,000 545,117,000
Proceeds from credit facility borrowings 927,000,000 1,181,000,000 620,000,000
Payment on credit facility borrowings (1,248,000,000) (925,000,000) (363,000,000)
Proceeds from issuance of mortgage debt 61,000,000 39,500,000 0
Proceeds from issuance of senior unsecured notes 743,060,000 225,000,000 0
Principal payments on mortgage debt (41,503,000) (10,232,000) (2,022,000)
Debt issuance costs (1,589,000) (4,816,000) (3,105,000)
Dividends paid - shareholders (143,108,000) (104,908,000) (63,720,000)
Distributions to noncontrolling interest - Operating Partnership (4,388,000) (3,162,000) (3,216,000)
Preferred distributions paid - OP Unit holder (600,000) (1,508,000) (563,000)
Contributions to noncontrolling interest 47,000 0 0
Distributions to noncontrolling interest - partially owned properties (748,000) (543,000) (213,000)
Payments of employee taxes for withheld stock based compensation shares (2,590,000) (778,000) (606,000)
Purchase of Series A Preferred Units (19,961,000) (9,756,000) 0
Purchase of OP Units (3,886,000) (3,671,000) (1,088,000)
Net cash provided by financing activities 1,109,403,000 1,147,967,000 727,584,000
Net (decrease) increase in cash and cash equivalents (12,764,000) 12,348,000 (12,780,000)
Cash and cash equivalents, beginning of period 15,491,000 3,143,000 15,923,000
Cash and cash equivalents, end of period 2,727,000 15,491,000 3,143,000
Supplemental cash flow information:      
Supplemental disclosure of cash flow information - interest paid during the year 38,781,000 17,151,000 9,550,000
Other Comprehensive Income (Loss), Net of Tax 244,000 13,708,000 0
Noncash investing and financing activities:      
Supplemental disclosure of noncash activity - assumed debt 43,989,000 0 18,690,000
Supplemental disclosure of noncash activity - issuance of OP Units and Series A Preferred Units in connection with acquisitions 44,978,000 6,769,000 40,376,000
Supplemental disclosure of noncash activity - contingent consideration 765,000 156,000 2,718,000
Operating Partnership      
Adjustments to reconcile net income to net cash provided by operating activities      
Net income (loss) 39,773,000 31,522,000 12,741,000
Depreciation and amortization 125,159,000 86,589,000 45,471,000
Amortization of deferred financing costs 2,299,000 2,325,000 1,373,000
Accelerated amortization of deferred financing costs 0 0 0
Amortization of lease inducements and above/below-market lease intangibles 5,083,000 3,906,000 2,577,000
Straight-line rental revenue/expense (16,202,000) (16,226,000) (9,000,000)
Amortization of unsecured bond discount 277,000 0 0
Amortization of above-market assumed debt (178,000) (236,000) (173,000)
Gain on sale of investment properties (5,874,000) 0 (130,000)
Equity in income of unconsolidated entities (183,000) (115,000) (104,000)
Distribution from unconsolidated entities 210,000 82,000 106,000
Change in fair value of derivatives 150,000 (240,000) (166,000)
Provision for bad debts 123,000 2,310,000 69,000
Non-cash share compensation 6,695,000 5,672,000 3,798,000
Net change in fair value of contingent consideration (472,000) (840,000) 0
Impairment on investment properties 965,000 0  
Change in operating assets and liabilities:      
Tenant receivables (2,988,000) (10,058,000) (2,836,000)
Other assets (533,000) (19,230,000) (2,630,000)
Accounts payable 6,600,000 3,779,000 (56,000)
Accrued expenses and other liabilities 19,567,000 37,957,000 8,312,000
Net cash provided by operating activities 180,471,000 127,197,000 59,352,000
Cash Flows from Investing Activities:      
Proceeds on sales of investment properties 20,397,000 0 3,039,000
Acquisition of investment properties, net (1,268,442,000) (1,240,438,000) (752,807,000)
Acquisition of non-controlling interest (8,469,000) (4,690,000) 0
Escrowed cash—acquisition deposits/earnest deposits (1,280,000) (1,157,000) 2,000,000
Capital expenditures on existing investment properties (23,243,000) (11,304,000) (4,988,000)
Pay down of contingent consideration (156,000) (483,000) (999,000)
Real estate loans receivable (39,063,000) (10,207,000) (22,359,000)
Note receivable 0 0 (20,545,000)
Repayment of real estate loan receivable 4,711,000 11,336,000 0
Repayment of note receivable 16,423,000 4,118,000 0
Leasing commissions (1,449,000) (1,034,000) (579,000)
Lease inducements (2,067,000) (8,957,000) (2,478,000)
Net cash used in investing activities (1,302,638,000) (1,262,816,000) (799,716,000)
Cash Flows from Financing Activities:      
Net proceeds from sale of common shares 844,669,000 766,841,000 545,117,000
Proceeds from credit facility borrowings 927,000,000 1,181,000,000 620,000,000
Payment on credit facility borrowings (1,248,000,000) (925,000,000) (363,000,000)
Proceeds from issuance of mortgage debt 61,000,000 39,500,000 0
Proceeds from issuance of senior unsecured notes 743,060,000 225,000,000 0
Principal payments on mortgage debt (41,503,000) (10,232,000) (2,022,000)
Debt issuance costs (1,589,000) (4,816,000) (3,105,000)
Dividends paid - shareholders (143,108,000) (104,908,000) (63,720,000)
Distributions to noncontrolling interest - Operating Partnership (4,388,000) (3,162,000) (3,216,000)
Preferred distributions paid - OP Unit holder (600,000) (1,508,000) 0
Contributions to noncontrolling interest 47,000 0 0
Distributions to noncontrolling interest - partially owned properties (748,000) (543,000) (213,000)
Payments of employee taxes for withheld stock based compensation shares (2,590,000) (778,000) (606,000)
Purchase of Series A Preferred Units (19,961,000) (9,756,000) (563,000)
Purchase of OP Units (3,886,000) (3,671,000) (1,088,000)
Net cash provided by financing activities 1,109,403,000 1,147,967,000 727,584,000
Net (decrease) increase in cash and cash equivalents (12,764,000) 12,348,000 (12,780,000)
Cash and cash equivalents, beginning of period 15,491,000 3,143,000 15,923,000
Cash and cash equivalents, end of period 2,727,000 15,491,000 3,143,000
Supplemental cash flow information:      
Supplemental disclosure of cash flow information - interest paid during the year 38,781,000 17,151,000 9,550,000
Other Comprehensive Income (Loss), Net of Tax 244,000 13,708,000 0
Noncash investing and financing activities:      
Supplemental disclosure of noncash activity - assumed debt 43,989,000 0 18,690,000
Supplemental disclosure of noncash activity - issuance of OP Units and Series A Preferred Units in connection with acquisitions 44,978,000 6,769,000 40,376,000
Supplemental disclosure of noncash activity - contingent consideration $ 765,000 $ 156,000 $ 2,718,000