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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,911) $ (443)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 5,069 1,044
Net amortization of above- and below-market leases 151 154
Amortization of deferred financing costs 370 91
Straight-line rental income (282) (56)
Changes in operating assets and liabilities:    
Accounts receivable (726) 123
Prepaid expenses and other (418) (699)
Accounts payable (325) 157
Accounts payable - affiliates (59) (971)
Accrued and other liabilities 3,046 (64)
Net cash provided by (used in) operating activities 3,915 (664)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate acquisitions (122,212) (11,550)
Capital expenditures (510) (92)
Change in restricted cash (798) 203
Net cash used in investing activities (123,520) (11,439)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 85,625 11,492
Payment of offering costs (13,037) (1,105)
Payments on mortgages and loans payable (47,430) (21,176)
Proceeds from mortgages and loans payable 102,073 14,851
Distributions paid, net of DRP (1,400) (331)
Contributions from noncontrolling interests 0 7,844
Distributions to noncontrolling interests (1,909) (92)
Payments of loan financing costs (3,819) (10)
Net cash provided by financing activities 120,103 11,473
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 498 (630)
CASH AND CASH EQUIVALENTS:    
Beginning of period 7,654 6,969
End of period 8,152 6,339
SUPPLEMENTAL CASHFLOW DISCLOSURE, INCLUDING NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Change in offering costs payable to sub-advisor (799) 0
Distributions payable 442 52
Distributions payable - noncontrolling interests 4  
Assumed debt 39,356  
Accrued capital expenditures 401 47
Cash paid for interest 1,500 296
Distributions reinvested $ 1,017 $ 124