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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 112 $ 2,807
Adjustments to reconcile net income to cash flow from operating activities:    
Depreciation and amortization 11,758 5,355
Amortization of deferred financing costs and premium on indebtedness, net (315) (265)
Stock compensation expense 80 143
(Gain) loss on assets   (2,882)
Changes in assets and liabilities:    
Accounts receivable and other assets (332) (630)
Accounts payable and accrued expenses 2,081 1,455
Accrued interest payable (19) (33)
Other liabilities (49) (66)
Net cash provided by operating activities 13,316 5,884
Cash flows from investing activities:    
Acquisition of real estate properties (24,746) (97,913)
Capital expenditures (3,088) (1,283)
(Increase) in restricted cash (1,129) (1,255)
Cash flow used in investing activities (28,963) (100,451)
Cash flows from financing activities:    
Debt borrowings 58,275 50,421
Debt repayments (19,362) (8,093)
(Payments related to) proceeds from issuance of common stock (197) 62,799
(Payments) for deferred financing costs (365)  
Financing commitment fee (4,000)  
Distributions on common stock (11,441) (5,827)
Distributions to noncontrolling interests (458) (13)
Cash flow provided by financing activities 22,452 99,287
Net change in cash and cash equivalents 6,805 4,720
Cash and cash equivalents, beginning of period 14,763 3,334
Cash and cash equivalents, end of the period 21,568 8,054
Supplemental cash flow information:    
Cash paid for interest $ 8,615 3,527
Mortgage debt assumed   $ 66,963