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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
1 Months Ended 12 Months Ended
Dec. 31, 2010
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net loss $ 0 $ (7,549) $ (2,680)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation 0 7,275 1,465
Amortization of intangible lease assets 0 2,047 159
Amortization of deferred costs 0 817 195
Amortization of above-market lease asset 0 116 0
Loss on held for sale properties 0 (600) (815)
Loss on held for sale properties 0 (100) 815
Share-based compensation 0 1,170 182
Changes in assets and liabilities:      
Prepaid expenses and other assets 0 (1,467) (314)
Accounts payable and accrued expenses 0 3,020 374
Deferred rent 0 39 724
Net cash provided by operating activities 0 6,068 920
Cash flows from investing activities:      
Investments in real estate 0 (125,400) (17,528)
Payments for Capital Improvements 0 (54) 0
Proceeds from sale of property held for sale 0 553 0
Net cash used in investing activities 0 (124,901) (17,528)
Cash flows from financing activities:      
Proceeds from mortgage notes payable 0 5,498 16,410
Proceeds from senior secured revolving credit facility 0 82,319 2,066
Payments on senior secured revolving credit facility 0 (122) (11,159)
Proceeds from issuances of preferred shares 0 9,000 0
Proceeds from issuances of common stock 0 34,935 21,766
Payments of offering costs and fees related to stock issuances 0 (1,194) (5,346)
Payments of deferred financing costs 0 (3,034) (2,464)
Distributions to non-controlling interest holders 0 (573) (68)
Distributions paid 0 (8,396) (1,449)
Net cash provided by financing activities 0 118,433 19,756
Net change in cash and cash equivalents 0 (400) 3,148
Cash and cash equivalents, beginning of period 0 3,148 0
Cash and cash equivalents, end of period 0 2,748 3,148
Supplemental Disclosures:      
Cash paid for interest 0 3,413 590
Cash paid for income taxes 0 104 0
OP units issued to acquire real estate investment 0 6,352 0
Initial proceeds from senior secured revolving credit facility used to pay down mortgages assumed in Formation Transactions 0 0 51,500
Mortgage note payable contributed in Formation Transactions 0 0 13,850
Reclassification of deferred offering costs $ 279 $ 0 $ 0