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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (8,463) $ 5,326
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 83,200 76,293
Net amortization of above- and below-market leases (972) (936)
Amortization of deferred financing expense 3,572 3,757
Net (gain) loss on write-off of unamortized capitalized leasing commissions, market debt adjustments, and deferred financing expense (372) 59
Straight-line rental income (2,913) (2,793)
Other (555) 130
Changes in operating assets and liabilities:    
Other assets (12,193) (4,339)
Accounts payable – affiliates 1 (1,206)
Accounts payable and other liabilities 6,217 8,888
Net cash provided by operating activities 67,522 85,179
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate acquisitions (111,740) (132,266)
Capital expenditures (22,505) (16,936)
Proceeds from sale of real estate 37,037 0
Change in restricted cash (203) 394
Net cash used in investing activities (97,411) (148,808)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in credit facility 202,000 (23,531)
Proceeds from mortgages and loans payable 0 230,000
Payments on mortgages and loans payable (64,287) (103,622)
Payments of deferred financing expenses (2,510) (2,461)
Distributions paid, net of DRIP (56,226) (47,535)
Distributions to noncontrolling interests (1,262) (1,260)
Repurchases of common stock (44,682) (7,280)
Redemption of noncontrolling interests (4,179) 0
Net cash provided by financing activities 28,854 44,311
NET DECREASE IN CASH AND CASH EQUIVALENTS (1,035) (19,318)
CASH AND CASH EQUIVALENTS:    
Beginning of period 8,224 40,680
End of period 7,189 21,362
SUPPLEMENTAL CASH FLOW DISCLOSURE, INCLUDING NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Cash paid for interest 26,461 22,234
Fair value of assumed debt 30,832 0
Accrued capital expenditures 3,560 1,834
Change in distributions payable (360) (159)
Change in distributions payable - noncontrolling interests 122 149
Change in accrued share repurchase obligation 920 0
Distributions reinvested 36,171 44,731
Utilization of restricted cash held for acquisitions $ (35,900) $ 0