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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (32,180) $ (8,463)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 125,990 83,200
Impairment of real estate assets 27,696 0
Depreciation and amortization of corporate assets 11,137 0
Amortization of deferred financing expense 3,615 3,572
Net amortization of above- and below-market leases (2,967) (972)
Gain on sale of property, net (5,556) 0
Change in fair value of contingent liability 1,500 0
Straight-line rent (3,544) (2,913)
Share-based compensation 3,713 0
Other 846 (927)
Changes in operating assets and liabilities:    
Other assets (10,468) (12,193)
Accounts receivable and payable – affiliates (608) 1
Accounts payable and other liabilities 2,862 6,217
Net cash provided by operating activities 122,036 67,522
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate acquisitions (31,252) (111,740)
Capital expenditures (29,341) (22,505)
Proceeds from sale of real estate 44,338 1,137
Net cash used in investing activities (16,255) (133,108)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in credit facility (6,000) 202,000
Proceeds from mortgages and loans payable 65,000 0
Payments on mortgages and loans payable (24,751) (64,287)
Payments of deferred financing expenses (782) (2,510)
Distributions paid, net of DRIP (61,125) (56,226)
Distributions to noncontrolling interests (21,377) (1,262)
Repurchases of common stock (50,252) (44,682)
Redemption of noncontrolling interests 0 (4,179)
Net cash (used in) provided by financing activities (99,287) 28,854
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 6,494 (36,732)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:    
Beginning of period 27,445 49,946
End of period 33,939 13,214
RECONCILIATION TO CONSOLIDATED BALANCE SHEETS    
Cash, cash equivalents, and restricted cash at end of the period 27,445 49,946
SUPPLEMENTAL CASH FLOW DISCLOSURE, INCLUDING NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Cash paid for interest 49,157 26,461
Fair value of assumed debt 0 30,832
Capital leases 739 0
Accrued capital expenditures 2,881 3,560
Change in distributions payable (216) (360)
Change in accrued share repurchase obligation (618) 920
Distributions reinvested $ 32,691 $ 36,171