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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Statement of Cash Flows [Abstract]    
Net income $ 1,958 $ 1,688
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13,053 9,749
Stock-based compensation 1,050 453
Straight-line rent receivable (980) (405)
Straight-line rent liability 27 0
Provision for bad debts, net of recoveries 67 103
Reduction in contingent purchase price (5) (974)
Changes in operating assets and liabilities:    
Other assets (636) (1,284)
Accounts payable and accrued liabilities (404) 1,732
Other liabilities 1,234 (262)
Net cash provided by operating activities 15,364 10,800
INVESTING ACTIVITIES    
Acquisitions of real estate (93,442) (58,249)
Funding of notes receivable (5,000) (12,406)
Proceeds from the repayment of notes receivable 296 0
Capital expenditures on existing real estate properties (545) (1,123)
Net cash used in investing activities (98,691) (71,778)
FINANCING ACTIVITIES    
Net repayments on revolving credit facility (51,000) (12,000)
Term loan borrowings 60,000 0
Dividends paid (17,288) (12,782)
Net proceeds from issuance of common stock 109,168 86,805
Equity issuance costs (465) (680)
Debt issuance costs (784) (641)
Settlement of contingent purchase price (393) 0
Net cash provided by financing activities 99,238 60,702
Increase (decrease) in cash and cash equivalents 15,911 (276)
Cash and cash equivalents, beginning of period 1,568 2,018
Cash and cash equivalents, end of period 17,479 1,742
Supplemental Cash Flow Information:    
Interest paid 2,390 504
Invoices accrued for construction, tenant improvement and other capitalized costs 3 145
Reclassification between accounts and notes receivable 615 0
Reclassification of Registration Statement Costs Incurred In Prior Year to Equity Issuance Costs 148 0
Conversion of mortgage note upon acquisition of real estate property 0 12,500
Decrease in fair value of cash flow hedges $ (672) $ 0