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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Oct. 06, 2013
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows From Operating Activities              
Net income (loss) $ 19,370 $ 10,964 $ 193,431 $ (37,232) $ 79,928 $ 70,210  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:              
Depreciation and amortization     27,375   171,474 145,431  
Amortization of deferred finance costs and debt premiums and discount     152   1,698 3,956  
Amortization of acquired above and below-market leases, net     (1,911)   (19,353) (14,095) $ (1,900)
Amortization of acquired below-market ground leases     426   7,996 4,603  
Straight-lining of rental revenue     (8,932)   (21,220) (39,715)  
Equity based compensation     2,994   5,483 3,720  
Gain on consolidation of non-controlled entities     (322,563)   0 0  
Equity in net income of non-controlled entities     0 (14,875) 0 0  
Distributions of cumulative earnings of non-controlled entities     0   0 0  
Deemed contribution for settlement expense     0 55,000 0 0  
Increase (decrease) in cash flows due to changes in operating assets and liabilities (excluding the effect of acquisitions):              
Restricted cash     7,196   2,954 (4,987)  
Tenant and other receivables     (7,590)   4,963 3,135  
Deferred leasing costs     (8,916)   (31,367) (12,132)  
Prepaid expenses and other assets     (15,120)   (1,956) (13,052)  
Accounts payable and accrued expenses     11,917   (925) (14,756)  
Deferred revenue and other liabilities     (10,386)   3,512 6,240  
Net cash provided by (used in) operating activities     (131,927)   203,187 138,558  
Cash Flows From Investing Activities              
Decrease (increase) in restricted cash for investing activities     (344)   (119) 9,345  
Additions to building and improvements     (56,434)   (141,685) (121,287)  
Development costs     0   (512) (527)  
Acquisition of real estate property, net of cash received     0 0 0 (186,588)  
Cash paid in the formation transactions to acquire the non-controlled properties, net of cash received     (563,529)   0 0  
Net cash used in investing activities     (620,307)   (142,316) (299,057)  
Cash Flows From Financing Activities              
Proceeds from unsecured revolving credit facility     0   655,000 0  
Repayments of unsecured revolving credit facility     0   (615,000) 0  
Proceeds from mortgage notes payable     0   0 191,000  
Repayment of mortgage notes payable     (313,240)   (146,918) (348,308)  
Proceeds from senior unsecured notes     0 0 350,000 250,000  
Proceeds from unsecured term loan     0 0 265,000 0  
Proceeds from term loan and credit facility     335,000 0 0 435,600  
Repayments of term loan and credit facility     (10,000)   (470,000) (290,600)  
Proceeds from unsecured loan payable     0   0 0  
Repayment of unsecured notes payable     (7,350)   0 0  
Deferred financing costs and equity issuance costs     (15,381)   (6,100) (4,483)  
Net proceeds from the issuance of operating partnership units     992,887   0 0  
Deferred offering costs     0   0 0  
Contributions from owners     0   0 0  
Cash paid for equity interests in the formation transactions     (143,236)   0 0  
Distributions to Predecessor owners     (123,147)   0 0  
Private perpetual preferred unit distributions     0   (936) (476)  
Distributions     (19,516)   (90,964) (87,245)  
Net cash provided by (used in) financing activities     696,017   (59,918) 145,488  
Net increase (decrease) in cash and cash equivalents     (56,217)   953 (15,011)  
Cash and cash equivalents—beginning of period     116,960   45,732 60,743  
Cash and cash equivalents—end of period 46,685 45,732 60,743 116,960 46,685 45,732 60,743
Supplemental disclosures of cash flow information:              
Cash paid for interest     12,648   64,808 60,621  
Cash paid for income taxes     329   4,465 3,690  
Non-cash investing and financing activities:              
Building and improvements included in accounts payable and accrued expenses     15,584   51,315 36,920  
Derivative instruments at fair values included in accounts payable and accrued expenses $ 1,922 $ 0 0   1,922 0 0
Conversion of operating partnership units and Class B shares to Class A shares     0   62,003 40,611  
Issuance of operating partnership units in connection with the acquisition of real estate properties     457,493   0 379,328  
Debt assumed with the acquisition of real estate properties     136,226   0 182,851  
Reduction of equity for deferred offering costs     32,319   0 0  
Acquisition of working capital (deficit), net of cash     6,061   0 (4,749)  
Due to affiliates settled in operating partnership units     4,299   0 0  
Redemption of operating partnership units to repay other receivable     0   0 829  
Accrued distributions to Predecessor owners     0   0 0  
Distribution of real property to owners prior to the formation transactions     0   0 0  
Distribution of unsecured loan and note payable - related party to owners prior to the formation transactions     0   $ 0 $ 0  
Predecessor [Member]              
Cash Flows From Operating Activities              
Net income (loss)       (37,232)      
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:              
Depreciation and amortization       38,963      
Amortization of deferred finance costs and debt premiums and discount       11,512      
Amortization of acquired above and below-market leases, net       0      
Amortization of acquired below-market ground leases       0      
Straight-lining of rental revenue       (3,383)      
Equity based compensation       0      
Gain on consolidation of non-controlled entities       0      
Equity in net income of non-controlled entities       (14,875)      
Distributions of cumulative earnings of non-controlled entities       3,391      
Deemed contribution for settlement expense       55,000      
Increase (decrease) in cash flows due to changes in operating assets and liabilities (excluding the effect of acquisitions):              
Restricted cash       (633)      
Tenant and other receivables       (80)      
Deferred leasing costs       (9,771)      
Prepaid expenses and other assets       3,084      
Accounts payable and accrued expenses       26,481      
Deferred revenue and other liabilities       924      
Net cash provided by (used in) operating activities       73,381      
Cash Flows From Investing Activities              
Decrease (increase) in restricted cash for investing activities       (500)      
Additions to building and improvements       (56,129)      
Development costs       179      
Cash paid in the formation transactions to acquire the non-controlled properties, net of cash received       0      
Net cash used in investing activities       (56,450)      
Cash Flows From Financing Activities              
Proceeds from unsecured revolving credit facility       0      
Repayments of unsecured revolving credit facility       0      
Proceeds from mortgage notes payable       102,947      
Repayment of mortgage notes payable       (20,049)      
Repayments of term loan and credit facility       0      
Proceeds from unsecured loan payable       3,750      
Repayment of unsecured notes payable       0      
Deferred financing costs and equity issuance costs       (3,482)      
Net proceeds from the issuance of operating partnership units       0      
Deferred offering costs       (6,595)      
Contributions from owners       3,924      
Cash paid for equity interests in the formation transactions       0      
Distributions to Predecessor owners       (31,965)      
Private perpetual preferred unit distributions       0      
Distributions       0      
Net cash provided by (used in) financing activities       48,530      
Net increase (decrease) in cash and cash equivalents       65,461      
Cash and cash equivalents—beginning of period     $ 116,960 51,499     $ 51,499
Cash and cash equivalents—end of period       116,960      
Supplemental disclosures of cash flow information:              
Cash paid for interest       38,380      
Cash paid for income taxes       0      
Non-cash investing and financing activities:              
Building and improvements included in accounts payable and accrued expenses       1,812      
Derivative instruments at fair values included in accounts payable and accrued expenses       0      
Conversion of operating partnership units and Class B shares to Class A shares       0      
Issuance of operating partnership units in connection with the acquisition of real estate properties       0      
Debt assumed with the acquisition of real estate properties       0      
Reduction of equity for deferred offering costs       0      
Acquisition of working capital (deficit), net of cash       0      
Due to affiliates settled in operating partnership units       0      
Redemption of operating partnership units to repay other receivable       0      
Accrued distributions to Predecessor owners       123,147      
Distribution of real property to owners prior to the formation transactions       16,345      
Distribution of unsecured loan and note payable - related party to owners prior to the formation transactions       $ 14,739