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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 40,695 $ 40,317
Adjustments to reconcile net income to net cash provided by operating activities    
Straight-line rents (2,299) (2,937)
Amortization of Lease Intangibles (3,155) (2,678)
Depreciation and amortization 32,168 30,566
Gain on sales of real estate investments (6,247) (14,986)
Deferred financing cost amortization 1,171 1,081
Deferred senior secured loan fee amortization (489) (245)
Stock-based compensation 8,152 6,022
Changes in assets and liabilities    
Other assets (3,108) (2,359)
Accounts payable and other liabilities 1,603 2,225
Net cash provided by operating activities 68,491 57,006
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid for property acquisitions (216,780) (169,143)
Proceeds from sales of real estate investments, net 25,305 42,991
Additions to construction in progress (22,950) (5,006)
Additions to buildings, improvements and leasing costs (22,237) (19,685)
Cash paid for senior secured loan 0 (55,000)
Origination and other fees received on senior secured loan 0 900
Net cash used in investing activities (236,662) (204,943)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock 264,493 135,879
Issuance costs on issuance of common stock (3,825) (1,971)
Repurchase of common stock (3,959) (3,870)
Borrowings on credit facility 17,000 141,850
Payments on credit facility (36,000) (120,000)
Payments on mortgage loans payable (1,130) (1,425)
Payment of deferred financing costs 0 (14)
Dividends paid to common stockholders (45,472) (37,259)
Net cash provided by financing activities 191,107 113,190
Net increase (decrease) in cash and cash equivalents and restricted cash 22,936 (34,747)
Cash and cash equivalents and restricted cash at beginning of period 34,479 42,800
Cash and cash equivalents and restricted cash at end of period 57,415 8,053
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest, net of capitalized interest 15,585 15,616
Supplemental disclosures of non-cash transactions    
Accounts payable related to capital improvements 9,409 6,283
Non-cash repayment of senior secured loan (39,085) 0
Lease liability arising from recognition of right-of-use asset 707  
Reconciliation of cash paid for property acquisitions    
Acquisition of properties 228,566 174,134
Assumption of other assets and liabilities (11,786) (4,991)
Net cash paid for property acquisitions $ 216,780 $ 169,143