XML 42 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended 27 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Cash flows from operating activities:      
Net loss $ (39,700) $ (4,804) $ 0
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation 32,799 1,879 0
Amortization of intangible lease assets 7,901 244 0
Amortization of deferred costs 2,031 200 0
Amortization of above-market lease asset 116 0 0
Loss on held for sale properties (600) (815) 0
Share-based compensation 1,224 225 0
Changes in assets and liabilities:      
Prepaid expenses and other assets (4,932) (546) 0
Accounts payable and accrued expenses 8,122 843 0
Deferred rent and other liabilities 3,449 887 0
Net cash provided by (used in) operating activities 11,610 (257) 0
Cash flows from investing activities:      
Investments in real estate and other assets (1,582,758) (89,981) 0
Capital expenditures (54) 0 0
Proceeds from sale of property held for sale 553 0 0
Payments Of Deposits and Prepaid Acquisition And Transaction Related Costs (500) 0 0
Purchase of investment securities (41,747) 0 0
Net cash used in investing activities (1,624,506) (89,981) 0
Cash flows from financing activities:      
Proceeds from mortgage notes payable 229,798 21,470 0
Proceeds from senior secured revolving credit facility 82,319 2,066 0
Payments on senior secured revolving credit facility (122) (11,159) 0
Payments of deferred financing costs (13,974) (3,108) 0
Common stock repurchases (1,534) 0 0
Proceeds from issuances of preferred shares 9,000 0 0
Proceeds from issuances of common stock 1,658,776 122,993 0
Payments of offering costs and fees related to stock issuances (182,226) (20,884) 0
Contributions from affiliate 0 2 0
Contributions from non-controlling interest holders 7,375 0 0
Distributions to non-controlling interest holders (663) (68) 0
Distributions paid (37,223) (1,743) 0
Advances from affiliates, net 20 0 0
Restricted cash (1,108) 0  
Net cash provided by financing activities 1,750,438 109,569 0
Net change in cash and cash equivalents 137,542 19,331 0
Cash and cash equivalents, beginning of period 19,331 0 0
Cash and cash equivalents, end of period 156,873 19,331 156,873
Supplemental Disclosures:      
Cash paid for interest 8,983 622 0
Cash paid for income taxes 129 0 0
OP units issued to acquire real estate investment 6,352 0 0
Common stock issued through distribution reinvestment plan 26,784 271 0
Initial proceeds from senior secured revolving credit facility used to pay down mortgages assumed in Formation Transactions 0 51,500 0
Mortgage note payable contributed in Formation Transactions 0 13,850 0
Reclassification of deferred offering costs $ 0 $ 0 $ 681