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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 25,748 $ 2,749
Adjustments to reconcile net income to cash flow from operating activities:    
Depreciation and amortization 16,462 8,664
Amortization of deferred financing costs and premium on indebtedness, net (339) (478)
Stock compensation expense 297 175
TSRE financing extinguishment expenses 23,219  
(Gains) losses on TSRE merger and property acquisitions (64,012) (2,882)
Changes in assets and liabilities:    
Accounts receivable and other assets 3,332 (78)
Accounts payable and accrued expenses 2,302 2,415
Accrued interest payable 379 (33)
Other liabilities (2,421) (35)
Net cash provided by operating activities 4,967 10,497
Cash flows from investing activities:    
Acquisition of real estate properties (24,746) (178,158)
TSRE merger, net of cash acquired (137,094)  
Capital expenditures (5,641) (2,522)
(Increase) in restricted cash (2,124) (3,427)
Cash flow used in investing activities (169,605) (184,107)
Cash flows from financing activities:    
Debt issuances 488,725 100,917
Debt repayments (272,295) (20,618)
(Payments related to) proceeds from issuance of common stock (190) 134,881
TSRE financing extinguishment expenses (23,219)  
(Payments) for deferred financing costs (8,356) (75)
Distributions on common stock (17,166) (9,981)
Distributions to noncontrolling interests (685) (62)
Net cash from financing activities 166,814 205,062
Net change in cash and cash equivalents 2,176 31,452
Cash and cash equivalents, beginning of period 14,763 3,334
Cash and cash equivalents, end of the period 16,939 34,786
Supplemental cash flow information:    
Cash paid for interest 13,354 6,022
Non-cash decrease in noncontrolling interest from conversion of common limited partnership units to share of common stock 493  
Mortgage debt assumed $ 121,885 $ 66,963