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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 33,151 $ 25,748
Adjustments to reconcile net income (loss) to cash flow from operating activities:    
Depreciation and amortization 26,927 16,462
Amortization of deferred financing costs and premium on indebtedness, net 2,236 (339)
Stock compensation expense 832 297
TSRE financing extinguishment expenses   23,219
Net (gains) losses on sale of assets (31,773)  
(Gains) losses on extinguishment of debt 558  
(Gains) losses on TSRE merger and property acquisitions (732) (64,012)
Changes in assets and liabilities:    
Accounts receivable and other assets (1,377) 3,332
Accounts payable and accrued expenses 3,895 2,302
Accrued interest payable (376) 379
Other liabilities (11) (2,421)
Net cash provided by operating activities 33,330 4,967
Cash flows from investing activities:    
Disposition of real estate properties 39,690  
Acquisition of real estate properties   (24,746)
TSRE merger, net of cash acquired   137,094
Capital expenditures (8,039) (5,641)
(Increase) in restricted cash (2,615) (2,124)
Cash flow provided by (used in) investing activities 29,036 (169,605)
Cash flows from financing activities:    
(Payments related to) proceeds from issuance of common stock (143) (190)
Proceeds from Secured Credit Facility and mortgage indebtedness 199,481 488,725
Secured Credit Facility and mortgage principal repayments (242,198) (272,295)
TSRE financing extinguishment expenses   (23,219)
Payments for deferred financing costs (1,450) (8,356)
Distributions on common stock (25,495) (17,166)
Distributions to noncontrolling interests (1,615) (685)
Cash flow (used in) provided by financing activities (71,420) 166,814
Net change in cash and cash equivalents (9,054) 2,176
Cash and cash equivalents, beginning of period 38,301 14,763
Cash and cash equivalents, end of the period 29,247 16,939
Supplemental cash flow information:    
Cash paid for interest 25,988 13,354
Non-cash decrease in noncontrolling interest from conversion of common limited partnership units to share of common stock $ 2,234 493
Mortgage debt assumed   $ 121,885