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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ 8,853 $ 13,236
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 74,237 56,796
Amortization of above and below market leases 560 (277)
Equity in losses of non-consolidated REITs 1,491 814
Increase (decrease) in bad debt reserve 125 (1,220)
Changes in operating assets and liabilities:    
Restricted cash (64) (48)
Tenant rent receivables 2,112 (3,060)
Straight-line rents (4,038) (3,920)
Lease acquisition costs (438) (820)
Prepaid expenses and other assets (106) (1,845)
Accounts payable, accrued expenses and other items (2,133) 6,860
Accrued compensation (122) (108)
Tenant security deposits 304 1,402
Payment of deferred leasing commissions (4,854) (7,532)
Net cash provided by operating activities 75,927 60,278
Cash flows from investing activities:    
Purchase of real estate assets, office computers and furniture (12,403) (468,893)
Acquired real estate leases   (100,143)
Investment in non-consolidated REITs   4,858
Distributions in excess of earnings from non-consolidated REITs 81 81
Repayment of related party mortgage loan receivable 13,880  
Investment in related party mortgage loan receivable (2,570) (4,950)
Net cash used in investing activities (1,012) (569,047)
Cash flows from financing activities:    
Proceeds from stock offering   241,500
Offering costs   (10,789)
Distributions to stockholders (57,108) (50,552)
Borrowings under bank note payable 10,000 160,000
Repayments of bank note payable (31,500) (45,250)
Borrowing from term loan payable   220,000
Deferred financing costs   (1,868)
Net cash provided by (used in) financing activities (78,608) 513,041
Net increase (decrease) in cash and cash equivalents (3,693) 4,272
Cash and cash equivalents, beginning of year 19,623 21,267
Cash and cash equivalents, end of period 15,930 25,539
Non-cash investing and financing activities:    
Accrued costs for purchase of real estate assets $ 1,794 $ 3,617