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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 4,245 $ (46)
Adjustments to reconcile net income (loss) to cash flow from operating activities:    
Depreciation and amortization 7,607 11,527
Amortization of deferred financing costs 513 890
Stock compensation expense 481 205
Net (gains) losses on sale of assets 85 (2,453)
(Gains) losses on TSRE merger   (91)
Changes in assets and liabilities:    
Accounts receivable and other assets 503 597
Accounts payable and accrued expenses (1,020) (3,192)
Accrued interest payable 49 (64)
Other liabilities (42) 84
Net cash provided by operating activities 12,421 7,457
Cash flows from investing activities:    
Disposition of real estate properties   9,684
Acquisition of real estate properties (28,700)  
TSRE merger, net of cash acquired   91
Capital expenditures (2,359) (2,273)
(Increase) in restricted cash (57) (1,602)
Cash flow (used in) provided by investing activities (31,116) 5,900
Cash flows from financing activities:    
Proceeds from Secured Credit Facility 22,000 53,477
Secured Credit Facility repayments   (29,784)
Mortgage principal repayments (635) (44,042)
Payments for deferred financing costs   (187)
Distributions on common stock (12,498) (8,506)
Distributions to noncontrolling interests (520) (555)
Payments for tax withholding related to vesting/exercise of equity compensation (479) (137)
Cash flow (used in) provided by financing activities 7,868 (29,734)
Net change in cash and cash equivalents (10,827) (16,377)
Cash and cash equivalents, beginning of period 20,892 38,301
Cash and cash equivalents, end of the period $ 10,065 $ 21,924