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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net (loss) income $ (15,221) $ 57,395
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 47,554 48,084
Amortization of above and below-market leases and lease inducements, net (2,917) (2,748)
Amortization of debt premiums, discounts and financing costs, net 844 544
Straight-line rent adjustment, net (1,787) (2,243)
Provision for asset impairment 0 797
Gain on sale and transfer of investment properties, net (5,662) (38,265)
Loss (gain) on extinguishment of debt, net 809 (10,697)
Equity in losses of unconsolidated entities 620 2,752
Distributions from unconsolidated entities 3,147 3,880
Stock-based compensation, net 2,165 2,084
Realized and unrealized investment losses 0 (223)
Provision for indemnification claims 25,500 0
Changes in assets and liabilities:    
Accounts and rents receivable, net 1,783 2,310
Deferred costs and other assets (2,894) 3,070
Accounts payable and accrued expenses (1,156) (2,431)
Other liabilities 172 963
Net cash provided by operating activities 52,957 65,272
Cash flows from investing activities:    
Purchase of investment properties (126,769) (143,216)
Acquired in-place and market lease intangibles, net (13,699) (8,544)
Capital expenditures and tenant improvements (9,953) (9,433)
Investment in development projects (3,696) (1,650)
Proceeds from sale and transfer of investment properties, net 31,842 186,778
Payment due to indemnification claims related to the sale of investment properties (30,000) 0
Proceeds from the sale of marketable securities 0 3,610
Proceeds from the sale of unconsolidated entity 30,000 0
Contributions to unconsolidated entities 0 (1,841)
Distributions from unconsolidated entities 0 282
Lease commissions and other leasing costs (1,584) (3,526)
Other assets 119 (167)
Other liabilities (290) 486
Net cash (used in) provided by investing activities (124,030) 22,779
Cash flows from financing activities:    
Distributions (26,434) (27,301)
Pay-off of debt (12,491) (16,100)
Debt prepayment penalties (779) (1,617)
Principal payments of debt (945) (939)
Payment of finance lease liabilities (232) 0
Payment of loan fees and deposits (190) (429)
Net cash used in financing activities (41,071) (46,386)
Net (decrease) increase in cash, cash equivalents, and restricted cash (112,144) 41,665
Cash, cash equivalents, and restricted cash at the beginning of the period 264,853 171,878
Cash, cash equivalents, and restricted cash at the end of the period 152,709 213,543
Reconciliation of cash, cash equivalents, and restricted cash to condensed consolidated balance sheets:    
Cash, cash equivalents, and restricted cash at the end of the period 264,853 171,878
Cash flow disclosure, including non-cash activities:    
Cash paid for interest, net of capitalized interest of $42 and $0 10,545 12,650
Cash paid for income taxes, net of refunds of $438 and $140 359 979
Cash paid for operating lease liabilities 393 0
Right-of-use assets obtained in exchange for operating lease liabilities 2,890 0
Lease liabilities arising from obtaining right-of-use assets 3,114 0
Distributions payable 13,408 13,863
Accrued investment in re-development projects 431 21
Accrued lease commissions and other leasing costs 414 397
Tenant building construction placed into service 7,950 0
Purchase of investment properties:    
Net investment properties 127,499 143,644
Accounts and rents receivable, lease intangibles, and deferred costs and other assets 15,855 13,567
Accounts payable and accrued expenses, lease intangibles, and other liabilities (2,886) (5,451)
Cash outflow for purchase of investment properties, net 140,468 151,760
Capitalized acquisition costs (918) (200)
Construction escrow accounts 0 278
Credits and other changes in cash outflow, net 3,092 462
Gross acquisition price of investment properties 142,642 152,300
Sale and transfer of investment properties:    
Net investment properties 25,977 198,586
Accounts and rents receivable, lease intangibles, and deferred costs and other assets 1,096 7,517
Debt extinguished through the transfer of properties 0 (44,331)
Debt assumed by the buyer through the disposition of properties 0 (14,854)
Gain on sale and transfer of investment properties, net 5,662 38,265
Gain on extinguishment of debt 0 10,697
Proceeds from sale and transfer of investment properties, net 31,842 186,778
Transfer of mortgage principal to buyer 0 16,600
Surrender of mortgage escrows for transferred properties 0 2,160
Credits and other changes in cash inflow, net 1,108 7,412
Gross disposition price of investment properties $ 32,950 $ 212,950