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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Dec. 31, 2015
Dec. 31, 2017
Dec. 31, 2016
CASH FLOW FROM OPERATING ACTIVITIES      
Net loss $ (38,803) $ (120,813) $ (91,009)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Equity in loss (income) of unconsolidated joint ventures (4,772) 7,788 (4,646)
Distributions from unconsolidated joint ventures 6,733 14,344 15,677
Gain on sale of interest in unconsolidated joint venture   (60,302)  
Gain on sale of real estate   (11,447)  
Unrealized loss on interest rate cap 2,933 701 1,378
Stock-based compensation 944 7,018 1,068
Depreciation and amortization 65,907 262,171 177,119
Amortization of deferred financing costs 2,657 8,719 5,361
Amortization of above and below market leases, net (388) (720) (680)
Straight-line rent adjustment (8,299) (3,719) (12,862)
Change in operating assets and liabilities      
Tenants and other receivables (1,473) (4,753) 350
Prepaid expenses, deferred expenses and other assets (25,596) (7,877) 6,080
Accounts payable, accrued expenses and other liabilities 21,589 (21,462) 12,143
Net cash provided by operating activities 21,432 69,648 109,979
CASH FLOW FROM INVESTING ACTIVITIES      
Acquisition of real estate and unconsolidated joint ventures (2,630,412)    
Investment in unconsolidated joint ventures   (37,993) (9,000)
Net proceeds from sale of real estate   50,875  
Net proceeds from disposition of interest in unconsolidated joint venture   257,373  
Development of real estate (11,273) (243,105) (66,193)
Net cash provided by (used in) investing activities (2,641,685) 27,150 (75,193)
CASH FLOW FROM FINANCING ACTIVITIES      
Proceeds from issuance of mortgage loans payable 1,161,196    
Repayment of mortgage loans payable   (50,634)  
Proceeds from Future Funding Facility   79,998 20,002
Proceeds from Unsecured Term Loan   230,000  
Repayment of Unsecured Delayed Draw Term Loan   (85,000)  
Payment of deferred financing costs (21,431) (4,348) (914)
Proceeds from issuance of common stock and non-controlling interest 1,644,042    
Proceeds from issuance of preferred stock   70,000  
Offering related costs (8,212) (3,526)  
Common dividends paid   (34,248) (39,354)
Non-controlling interests distributions paid   (21,448) (30,220)
Net cash provided by (used in) financing activities 2,775,595 180,794 (50,486)
Net increase (decrease) in cash, cash equivalents, and restricted cash 155,342 277,592 (15,700)
Cash, cash equivalents, and restricted cash, beginning of period   139,642 155,342
Cash, cash equivalents, and restricted cash, end of period 155,342 417,234 139,642
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash payments for interest 25,325 73,870 61,051
Capitalized interest 226 13,142 3,077
Income taxes paid 944 271 505
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Development of real estate financed with accounts payable 2,856 21,449 6,369
Dividends and distribution declared and unpaid $ 27,894 13,968 $ 13,954
Decrease in assets and liabilities resulting from deconsolidated properties      
Real estate, net   (67,616)  
Tenant and other receivables, net   (814)  
Lease intangible assets, net   (13,480)  
Prepaid expenses, deferred expenses and other assets, net   (8)  
Accounts payable, accrued expenses and other liabilities   $ 3,612