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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 8,378 $ 35,014 $ 13,148
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 95,243 93,426 97,916
Amortization of above market lease (496) (158) 635
Hedge ineffectiveness (1,878)    
Gain (loss) on sale of properties and property held for sale, less applicable income tax 2,938 (23,662) (940)
Equity in losses of non-consolidated REITs 831 1,451 1,760
Increase (decrease) in allowance for doubtful accounts (30) (195) 275
Changes in operating assets and liabilities:      
Restricted cash (8) 719 (99)
Tenant rent receivables (185) 2,030 94
Straight-line rents (1,977) (2,448) (4,737)
Lease acquisition costs (1,095) (1,487) (440)
Prepaid expenses and other assets (721) 422 700
Accounts payable, accrued expenses and other items 5,751 5,505 206
Accrued compensation 58 (32) 773
Tenant security deposits 526 581 222
Payment of deferred leasing commissions (12,965) (8,276) (6,347)
Net cash provided by operating activities 94,370 102,890 103,166
Cash flows from investing activities:      
Property acquisitions (221,119) (66,104)  
Property improvements, fixtures and equipment (37,407) (21,750) (18,370)
Office computers and furniture (83) (179) (191)
Acquired real estate leases (51,509) (10,604)  
Distributions in excess of earnings from non-consolidated REITs 1,023 107 107
Investment in related party mortgage loan receivable (3,000) (25,000) (11,170)
Repayment of related party mortgage loan receivable 39,861   17,275
Proceeds received on sales of real estate assets 27,262 85,426 14,192
Net cash used in investing activities (244,972) (38,104) 1,843
Cash flows from financing activities:      
Distributions to stockholders (77,481) (76,142) (76,142)
Proceeds from equity offering 83,511    
Offering costs (609)    
Borrowings under bank note payable 175,000 110,000 15,000
Repayments of bank note payable (185,000) (88,000) (53,500)
Borrowing of term loan payable 150,000    
Deferred financing costs (3,647)   (2,471)
Net cash provided by (used in) financing activities 141,774 (54,142) (117,113)
Net increase (decrease) in cash and cash equivalents (8,828) 10,644 (12,104)
Cash and cash equivalents, beginning of year 18,163 7,519 19,623
Cash and cash equivalents, end of period 9,335 18,163 7,519
Cash paid for:      
Interest 23,896 22,963 25,623
Taxes on income 490 803 668
Non-cash investing and financing activities:      
Accrued costs for purchase of real estate assets $ 5,230 $ 3,211 $ 1,788