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Condensed Consolidated Statements of Cash Flows
$ in Thousands
 9 Months Ended
Sep. 30, 2016
USD ($)
Sep. 30, 2015
USD ($)
Cash flows from operating activities:    
Net income $ 6,649 $ 19,602
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 69,750 70,340
Amortization of above market lease (104) (96)
Hedge ineffectiveness 388  
Gain (loss) on sale of properties and property held for sale, less applicable income tax 1,166 (11,411)
Equity in losses of non-consolidated REITs 568 644
Increase (decrease) in allowance for doubtful accounts 70 (125)
Changes in operating assets and liabilities:    
Restricted cash (25) 708
Tenant rent receivables (503) 1,310
Straight-line rents (2,094) (1,573)
Lease acquisition costs (679) (463)
Prepaid expenses and other assets (1,667) (997)
Accounts payable, accrued expenses and other items 1,478 (603)
Accrued compensation (488) (522)
Tenant security deposits (110) 101
Payment of deferred leasing commissions (9,147) (4,254)
Net cash provided by operating activities 65,252 72,661
Cash flows from investing activities:    
Property acquisitions (100,302) (66,104)
Property improvements, fixtures and equipment (22,097) (15,005)
Acquired real estate leases (18,873) (10,604)
Distributions in excess of earnings from non-consolidated REITs 691 81
Repayment of related party mortgage loan receivable 39,596  
Proceeds received on sales of real estate assets 20,058 55,659
Net cash provided by investing activities (80,927) (35,973)
Cash flows from financing activities:    
Distributions to stockholders (57,108) (57,107)
Proceeds from equity offering 83,511  
Offering costs (544)  
Borrowings under bank note payable 155,000 95,000
Repayments of bank note payable (167,000) (63,000)
Deferred financing costs (2,975)  
Net cash provided by (used in) financing activities 10,884 (25,107)
Net increase (decrease) in cash and cash equivalents (4,791) 11,581
Cash and cash equivalents, beginning of year 18,163 7,519
Cash and cash equivalents, end of period 13,372 19,100
Non-cash investing and financing activities:    
Accrued costs for purchase of real estate assets 6,143 $ 1,994
Accrued offering costs $ 65