XML 59 R49.htm IDEA: XBRL DOCUMENT v3.19.1
Summarized Condensed Consolidating Information - Condensed Consolidating Statements of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net cash provided by operating activities $ 30,074 $ 22,059
Cash flows from investing activities:    
Acquisitions of real estate (52,697) (47,103)
Improvements to real estate (452) (11)
Purchases of equipment, furniture and fixtures (1,806) (27)
Investment in real estate mortgage and other loans receivable (11,389) 0
Principal payments received on real estate mortgage and other loans receivable 411 23
Escrow deposits for acquisitions of real estate (375) (1,000)
Net proceeds from the sale of real estate 131 13,004
Distribution from subsidiary 0 0
Intercompany financing 0 0
Net cash used in investing activities (66,177) (35,114)
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net 47,260 (10)
Proceeds from the issuance of senior unsecured term loan 200,000 0
Borrowings under unsecured revolving credit facility 185,000 60,000
Payments on senior unsecured term loan (100,000) 0
Payments on unsecured revolving credit facility (95,000) (25,000)
Payments of deferred financing costs (4,390) 0
Net-settle adjustment on restricted stock (1,495) (605)
Dividends paid on common stock (17,710) (14,044)
Distribution to Parent 0 0
Intercompany financing 0 0
Net cash provided by financing activities 213,665 20,341
Net increase in cash and cash equivalents 177,562 7,286
Cash and cash equivalents, beginning of period 36,792 6,909
Cash and cash equivalents, end of period 214,354 14,195
Reportable Legal Entities | Parent Guarantor    
Cash flows from operating activities:    
Net cash provided by operating activities 0 0
Cash flows from investing activities:    
Acquisitions of real estate 0 0
Improvements to real estate 0 0
Purchases of equipment, furniture and fixtures 0 0
Investment in real estate mortgage and other loans receivable 0  
Principal payments received on real estate mortgage and other loans receivable 0 0
Escrow deposits for acquisitions of real estate 0 0
Net proceeds from the sale of real estate 0 0
Distribution from subsidiary 17,710 14,044
Intercompany financing (45,765) 615
Net cash used in investing activities (28,055) 14,659
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net 47,260 (10)
Proceeds from the issuance of senior unsecured term loan 0  
Borrowings under unsecured revolving credit facility 0 0
Payments on senior unsecured term loan 0  
Payments on unsecured revolving credit facility 0 0
Payments of deferred financing costs 0  
Net-settle adjustment on restricted stock (1,495) (605)
Dividends paid on common stock (17,710) (14,044)
Distribution to Parent 0 0
Intercompany financing 0 0
Net cash provided by financing activities 28,055 (14,659)
Net increase in cash and cash equivalents 0 0
Cash and cash equivalents, beginning of period 0 0
Cash and cash equivalents, end of period 0 0
Reportable Legal Entities | Issuers    
Cash flows from operating activities:    
Net cash provided by operating activities 15,308 7,295
Cash flows from investing activities:    
Acquisitions of real estate (52,697) (47,103)
Improvements to real estate (452) 0
Purchases of equipment, furniture and fixtures (1,806) (23)
Investment in real estate mortgage and other loans receivable (11,389)  
Principal payments received on real estate mortgage and other loans receivable 411 23
Escrow deposits for acquisitions of real estate (375) (1,000)
Net proceeds from the sale of real estate 131 13,004
Distribution from subsidiary 0 0
Intercompany financing 14,766 14,749
Net cash used in investing activities (51,411) (20,350)
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net 0 0
Proceeds from the issuance of senior unsecured term loan 200,000  
Borrowings under unsecured revolving credit facility 185,000 60,000
Payments on senior unsecured term loan (100,000)  
Payments on unsecured revolving credit facility (95,000) (25,000)
Payments of deferred financing costs (4,390)  
Net-settle adjustment on restricted stock 0 0
Dividends paid on common stock 0 0
Distribution to Parent (17,710) (14,044)
Intercompany financing 45,765 (615)
Net cash provided by financing activities 213,665 20,341
Net increase in cash and cash equivalents 177,562 7,286
Cash and cash equivalents, beginning of period 36,792 6,909
Cash and cash equivalents, end of period 214,354 14,195
Reportable Legal Entities | Combined Subsidiary Guarantors    
Cash flows from operating activities:    
Net cash provided by operating activities 14,766 14,764
Cash flows from investing activities:    
Acquisitions of real estate 0 0
Improvements to real estate 0 (11)
Purchases of equipment, furniture and fixtures 0 (4)
Investment in real estate mortgage and other loans receivable 0  
Principal payments received on real estate mortgage and other loans receivable 0 0
Escrow deposits for acquisitions of real estate 0 0
Net proceeds from the sale of real estate 0 0
Distribution from subsidiary 0 0
Intercompany financing 0 0
Net cash used in investing activities 0 (15)
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net 0 0
Proceeds from the issuance of senior unsecured term loan 0  
Borrowings under unsecured revolving credit facility 0 0
Payments on senior unsecured term loan 0  
Payments on unsecured revolving credit facility 0 0
Payments of deferred financing costs 0  
Net-settle adjustment on restricted stock 0 0
Dividends paid on common stock 0 0
Distribution to Parent 0 0
Intercompany financing (14,766) (14,749)
Net cash provided by financing activities (14,766) (14,749)
Net increase in cash and cash equivalents 0 0
Cash and cash equivalents, beginning of period 0 0
Cash and cash equivalents, end of period 0 0
Elimination    
Cash flows from operating activities:    
Net cash provided by operating activities 0 0
Cash flows from investing activities:    
Acquisitions of real estate 0 0
Improvements to real estate 0 0
Purchases of equipment, furniture and fixtures 0 0
Investment in real estate mortgage and other loans receivable 0  
Principal payments received on real estate mortgage and other loans receivable 0 0
Escrow deposits for acquisitions of real estate 0 0
Net proceeds from the sale of real estate 0 0
Distribution from subsidiary (17,710) (14,044)
Intercompany financing 30,999 (15,364)
Net cash used in investing activities 13,289 (29,408)
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net 0 0
Proceeds from the issuance of senior unsecured term loan 0  
Borrowings under unsecured revolving credit facility 0 0
Payments on senior unsecured term loan 0  
Payments on unsecured revolving credit facility 0 0
Payments of deferred financing costs 0  
Net-settle adjustment on restricted stock 0 0
Dividends paid on common stock 0 0
Distribution to Parent 17,710 14,044
Intercompany financing (30,999) 15,364
Net cash provided by financing activities (13,289) 29,408
Net increase in cash and cash equivalents 0 0
Cash and cash equivalents, beginning of period 0 0
Cash and cash equivalents, end of period $ 0 $ 0