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Condensed Consolidated and Combined Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Real estate properties, cost    
Land $ 77,708 $ 66,204
Buildings and improvements 183,310 132,964
Tenant improvement 30,565 27,773
Furniture, fixtures and equipment 198 198
Real estate properties, gross 291,781 227,139
Accumulated depreciation (20,092) (15,311)
Real estate properties, net 271,689 211,828
Cash and cash equivalents 11,293 34,862
Restricted cash 10,114 11,093
Rents receivable, net 11,635 7,981
Deferred financing costs, net of accumulated amortization 2,801 2,901
Deferred leasing costs, net of accumulated amortization 4,711 2,618
Acquired lease intangibles assets, net 33,583 29,391
Prepaid expenses and other assets 1,251 832
Total Assets 347,077 301,506
Liabilities:    
Debt 241,095 189,940
Accounts payable and accrued liabilities 7,423 4,080
Deferred rent 1,197 2,212
Tenant rent deposits 2,078 1,862
Acquired lease intangibles liability, net 1,193 606
Dividend distributions payable 3,601 3,571
Earn-out liability 8,600 8,000
Total Liabilities $ 265,187 $ 210,271
Commitments and Contingencies (Note 9)    
Equity:    
Common stock, $0.01 par value, 100,000,000 shares authorized, 12,417,230 shares issued and outstanding $ 124 $ 123
Additional paid-in capital 92,270 91,308
Accumulated deficit (19,664) (11,320)
Total Stockholders' Equity 72,730 80,111
Operating Partnership unitholders' non-controlling interests 9,866 11,878
Non-controlling interests in properties (706) (754)
Total Equity 81,890 91,235
Total Liabilities and Equity $ 347,077 $ 301,506