XML 40 R30.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Acquisitions (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2016
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary allocation of the estimated fair values of the assets and liabilities acquired as part of the Merger as of the acquisition date (in thousands):
Net assets acquired |  |
Land |  | $ | 262,396 |
Buildings and improvements |  | 1,014,857 |
Cash and cash equivalents |  | 15,499 |
Restricted cash |  | 9,521 |
Rent and other receivables |  | 843 |
Escrow deposits, prepaid expenses and other assets |  | 35,134 |
In-place leases |  | 22,696 |
Accounts payable and accrued expenses |  | (38,485 | )
Net assets acquired |  | 1,322,461 |
Debt assumed or extinguished |  |
Credit facility |  | 350,000 |
Exchangeable senior notes |  | 112,298 |
Asset-backed securitization |  | 329,703 |
Total debt assumed or extinguished |  | 792,001 |
Equity transaction consideration |  | 530,460 |
Total transaction consideration |  | $ | 1,322,461 |
Schedule of Related Party Transactions | The following table presents the total revenues and net income (loss) attributable to the Merger that are included in our condensed consolidated statements of operations for the three and nine months ended September 30, 2016 (in thousands):
| For the Three Months Ended September 30, 2016 |  | For the Period from February 29, 2016 to September 30, 2016
Total revenues | $ | 37,505 |  |  | $ | 83,387 |
Net income (loss) | $ | 2,148 |  |  | $ | (3,479 | )
Business Acquisition, Pro Forma Information | The following table presents the Company’s supplemental consolidated pro forma total revenues and net loss as if the Merger had occurred on January 1, 2015 (in thousands):
| For the Three Months Ended |  | For the Nine Months Ended
| September 30, 2016 |  | September 30, 2015 |  | September 30, 2016 |  | September 30, 2015
Pro forma total revenues (1) | $ | 236,057 |  |  | $ | 204,580 |  |  | $ | 674,291 |  |  | $ | 549,508 |
Pro forma net loss (1) | $ | (167 | ) |  | $ | (22,958 | ) |  | $ | (18,093 | ) |  | $ | (42,265 | )
Pro forma net loss per share (1) | $ | (0.09 | ) |  | $ | (0.13 | ) |  | $ | (0.23 | ) |  | $ | (0.28 | )
(1) | This pro forma supplemental information does not purport to be indicative of what the Company's operating results would have been had the Merger occurred on January 1, 2015.

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration