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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities:    
Net income $ 26,871 $ 14,440
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of building and building improvements 34,630 28,399
Amortization of leasing costs and intangibles, including ground leasehold interests and leasing costs 36,241 30,763
Amortization of (below) above market leases (1,768) 528
Amortization of deferred financing costs and debt premium 4,287 1,538
Amortization of swap interest 63 63
Deferred rent (4,588) (5,448)
Deferred rent, ground lease 749  
Termination fee revenue - receivable from tenant, net (9,001) (6,304)
Loss (gain) from sale of depreciable operating property 0 (1,158)
Unrealized loss on interest rate swap 0 2
Loss from investment in unconsolidated entities 1,108 1,038
(Gain) loss from investment 465 0
Stock-based compensation 723 36
Performance distribution allocation (non-cash) (2,604)  
Change in operating assets and liabilities:    
Deferred leasing costs and other assets 10,788 682
Restricted reserves 268 242
Accrued expenses and other liabilities (18,536) (3,040)
Due to affiliates, net 8,587 1,187
Net cash provided by operating activities 88,283 62,968
Investing Activities:    
Cash acquired in connection with the Mergers, net of acquisition costs 25,321 0
Acquisition of properties, net 0 (182,250)
Proceeds from disposition of properties 0 1,383
Real estate acquisition deposits (1,000) (3,350)
Reserves for tenant improvements 2,134 69
Payments for construction in progress (20,612) (10,928)
Investment in unconsolidated joint venture 0 (3,264)
Distributions of capital from investment in unconsolidated entities 3,245 3,704
Purchase of investments (8,287) 0
Net cash provided by (used in) investing activities 801 (194,636)
Financing Activities:    
Proceeds from borrowings - Term Loan 627,000 0
Proceeds from borrowings - Revolver Loan 175,854 0
Principal payoff of secured indebtedness - EA-1 term loan (715,000) 0
Principal payoff of secured indebtedness - Mortgage Debt 0 (18,954)
Proceeds from borrowings - Revolver Loan - EA-1 0 96,100
Principal amortization payments on secured indebtedness (3,252) (3,319)
Deferred financing costs (5,737) (45)
Offering costs (1,679) 0
Repurchase of common stock (98,928) (64,275)
Distributions to noncontrolling interests (8,111) (2,362)
Distributions to preferred units subject to redemption (4,094) 0
Distributions to common stockholders (48,434) (35,897)
Net cash used in financing activities (82,381) (28,752)
Net increase (decrease) in cash, cash equivalents and restricted cash 6,703 (160,420)
Cash, cash equivalents and restricted cash at the beginning of the period 64,285 214,867
Cash, cash equivalents and restricted cash at the end of the period 70,988 54,447
Supplemental Disclosures of Significant Non-cash Transactions:    
Decrease in fair value swap agreement (20,762) (3,917)
Increase (Decrease) in Distributions Payable to Common Stockholders 3,532 (191)
Increase/(decrease) in distributions payable to noncontrolling interests 1,290 (13)
Common stock issued pursuant to the distribution reinvestment plan 15,479 22,653
Common stock redemptions funded subsequent to period-end 0 0
Limited Partnership Units Issued During Period Value Related to Business Acquisitions 25,000 0
Net assets acquired in Merger in exchange for common shares 751,278 0
Implied EA-1 common stock and operating partnership units issued in exchange for net assets acquired in Merger (751,278) $ 0
Operating lease right-of-use assets obtained in exchange for lease liabilities upon adoption of ASC 842 on January 1, 2019 $ 28,366