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COMBINED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 81,145 $ 113,193 $ 293,043
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 165,555 244,624 247,914
Amortization of market lease intangibles 31 31 13
Amortization of right of use assets 195 183 183
Amortization of deferred financing costs 1,680    
Stock compensation expense 359    
Straight-line rents 358 (119,024) (79,314)
Settlement of Tranche A deferred rent obligation 91,605 183,395  
(Gain) loss on sales of real estate (10,583) (39,140) 1,917
Rental and related revenues reclassified to equity income   54,782 56,487
Income from equity method investment   (34,510) (60,469)
Impairments 167,057 263,265 63,255
Changes in:      
Other assets (5,664) (95) 154
Tenant security deposits and deferred revenue 1,163 (91) 1,396
Accrued interest 12,526    
Accounts payable and accrued liabilities 2,710 410 99
Income taxes payable 16,544    
Net cash provided by operating activities 524,681 667,023 524,678
Cash flows from investing activities:      
Acquisitions of real estate (106,588) (183,400) (32,000)
Leasing costs and tenant and capital improvements (3,079) (43) (1,123)
Proceeds from the sales of real estate 114,633 204,210 13,119
Decrease in restricted cash 14,509    
Investment in loan receivable     (67,640)
Principal repayment on loan receivable     67,640
Net cash provided by (used in) investing activities 19,475 20,767 (20,004)
Cash flows from financing activities:      
Proceeds from issuance of debt 1,775,000    
Payment of deferred financing costs (67,254)    
Borrowing from parent 1,162    
Repayment of borrowing from parent (1,162)    
Net proceeds from issuance of redeemable preferred stock 1,930    
Net proceeds from issuance of noncontrolling interests 497    
Distribution to parent upon separation (1,691,268)    
Net distributions to parent (442,934) (683,626) (505,385)
Net cash used in financing activities (424,029) (683,626) (505,385)
Net increase (decrease) in cash and cash equivalents 120,127 4,164 (711)
Cash and cash equivalents, beginning of year 6,058 1,894 2,605
Cash and cash equivalents, end of year 126,185 6,058 1,894
Supplemental cash flow information:      
Income taxes paid 534 850 754
Interest paid $ 10,681    
Supplemental disclosure of non-cash investing activities:      
Accrued construction costs     $ 43
Proceeds from the sales of real estate held by Qualified Intermediary for 1031 exchange   $ 14,526