XML 39 R7.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (15,220) $ (18,978)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 22,771 22,421
Amortization of deferred financing costs 919 573
Accretion of below- and amortization of above-market lease liabilities and assets, net (1,459) (1,557)
Share-based compensation 64 73
Changes in assets and liabilities:    
Straight-line rent receivable (4,207) (3,304)
Straight-line rent payable 82 82
Prepaid expenses, other assets and deferred costs 198 (2,663)
Accounts payable, accrued expenses and other liabilities (3,060) (1,064)
Deferred revenue (544) 222
Net cash used in operating activities (456) (4,195)
Cash flows from investing activities:    
Investments in real estate (38,265) 0
Deposits for real estate investments 0
Capital expenditures (5,567) (6,099)
Net cash used in investing activities (43,832) (6,099)
Cash flows from financing activities:    
Proceeds from mortgage note payable 55,000 50,000
Payments of financing costs (3,948) (2,333)
Distributions paid 0 (7,475)
Repurchases of common stock 0 (7,319)
Net cash provided by financing activities 51,052 32,873
Net change in cash, cash equivalents and restricted cash 6,764 22,579
Cash, cash equivalents and restricted cash, beginning of period 54,801 47,216
Cash, cash equivalents and restricted cash, end of period 61,565 69,795
Cash, cash equivalents and restricted cash, end of period 54,801 47,216
Supplemental Disclosures:    
Cash paid for interest 11,176 8,952
Non-Cash Investing and Financing Activities:    
Accrued capital expenditures 837 628
Proceeds from mortgage notes payable used to fund acquisition of real estate 51,000 0
Mortgage notes payable released in connection with acquisition of real estate (51,000) 0
Common stock issued through distribution reinvestment plan 0 4,231
Accrued stock repurchases $ 0 $ 2,950