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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income (loss) $ 31,441 $ (9,555) $ 30,156
Adjustments to reconcile net income to cash flow from operating activities:      
Depreciation and amortization 34,201 34,824 28,094
Amortization of deferred financing costs, net 1,464 2,757 389
Stock compensation expense 1,968 1,222 495
Net (gains) losses on sale of assets (18,825) (31,776) (6,412)
Net (gains) losses on extinguishment of debt 572 1,210  
Acquisition related debt extinguishment expenses 3,624    
TSRE financing extinguishment expenses     23,219
(Gains) losses on TSRE merger and property acquisitions   (732) (64,604)
Changes in assets and liabilities:      
Accounts receivable and other assets (1,267) (477) 5,570
Accounts payable and accrued expenses 1,578 (4,328) 3,362
Accrued interest payable (242) (715) 1,060
Other liabilities (190) 37 (2,604)
Net cash provided by (used in) operating activities 54,324 (7,533) 18,725
Cash flows from investing activities:      
Acquisition of real estate properties (220,254)   (24,746)
Disposition of real estate properties 44,474 39,690 17,524
Acquisition of advisory and management contracts   (143)  
TSRE merger, net of cash acquired     (137,096)
Capital expenditures (14,370) (10,663) (8,941)
Deposits paid for future acquisitions (1,617) (1,000)  
(Increase) decrease in restricted cash 942 (105) (207)
Cash flow provided by (used in) investing activities (190,825) 27,779 (153,466)
Cash flows from financing activities:      
Proceeds (payments) from issuance of common stock 137,353 245,309 (188)
Payments related to repurchase of common stock   (62,156)  
TSRE financing extinguishment expenses     (23,219)
Proceeds from unsecured credit facility and term loan 199,690 103,501 391,500
Credit facility repayments (145,685) (345,001) (239,511)
Proceeds from mortgage   105,980 97,225
Mortgage principal repayments (2,654) (45,088) (33,240)
Payments for deferred financing costs (2,089) (1,485) (7,998)
Distributions on common stock (52,304) (36,575) (25,103)
Distributions to noncontrolling interests (2,119) (2,140) (1,187)
Payment for interest rate collar (2,405)    
Payments related to extinguishment of debt on acquisitions (3,624)    
Repurchase of shares related to equity award tax withholding (569)    
Net cash provided by (used in) financing activities 125,594 (37,655) 158,279
Net change in cash and cash equivalents (10,907) (17,409) 23,538
Cash and cash equivalents, beginning of period 20,892 38,301 14,763
Cash and cash equivalents, end of the period 9,985 20,892 38,301
Supplemental cash flow information:      
Cash paid for interest 27,368 33,034 22,105
Supplemental disclosure of noncash investing and financing activities:      
Decrease in noncontrolling interest from conversion of common limited partnership units to shares of common stock 620 2,290 493
Distributions declared but not paid 5,245 $ 4,297 3,006
Value of common stock issued     109,857
Value of limited partnership units issued in acquisitions 1,654   13,998
Mortgage debt assumed $ 18,977   $ 121,885