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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 19,731 $ 10,630
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent, and amortization of intangible assets, liabilities and lease inducements (1,874) (4,465)
Depreciation and amortization 33,915 34,670
Bargain purchase gain (4,918)  
Straight line rent, below-market ground lease and amortization of intangible assets 933 933
Amortization of deferred loan costs 652 299
Amortization of premiums and discounts on debt (562) (403)
Unrealized premium adjustments 782  
Amortization and accretion on loans receivable, net (1,837)  
Bad debt expense 126 467
Deferred income taxes 55  
Stock-based compensation 373  
Loans funded, held for sale (16,753)  
Proceeds from sale of guaranteed loans 12,999  
Principal collected on loans 2,071  
Other operating activity (300)  
Changes in operating assets and liabilities:    
Accounts receivable and interest receivable (58) (2,798)
Other assets (2,151) (1,739)
Accounts payable and accrued expenses (6,287) (2,422)
Deferred leasing costs (4,542) (1,839)
Other liabilities 2,232 (1,264)
Due to related parties 2,083 180
Net cash provided by operating activities 36,670 32,249
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to investments in real estate (12,903) (11,384)
Acquisition of real estate properties (44,936)  
Loans funded (8,438)  
Cash and cash equivalents acquired in connection with the merger 3,185  
Principal collected on loans 25,348  
Restricted cash (536) 397
Other investing activity 160  
Net cash used in investing activities (38,120) (10,987)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of mortgages payable (3,194) (4,264)
Proceeds from unsecured revolving lines of credit, revolving credit facility and term note 142,900 26,000
Payment of unsecured revolving line of credit, revolving credit facility and term note (32,900)  
Payment of principal on secured borrowings - government guaranteed loans (2,071)  
Proceeds from secured borrowings - government guaranteed loans 1,978  
Payment of deferred loan costs (447) (8)
Payment of dividends (26,256)  
Payment of special dividend and dividend assumed in acquisition (59,286)  
Distributions pre-merger (16,100) (41,035)
Contributions   32
Contributions from noncontrolling interests 10  
Proceeds from issuance of stock 201  
Retirement of fractional shares of common shares (3)  
Noncontrolling interests' distributions (148) (150)
Net cash provided by (used in) financing activities 4,684 (19,425)
NET INCREASE IN CASH AND CASH EQUIVALENTS 3,234 1,837
CASH AND CASH EQUIVALENTS:    
Beginning of period 16,796 31,514
End of period 20,030 33,351
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid during the period for interest 9,055 9,502
Federal income taxes paid 334  
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Additions to investments in real estate included in accounts payable and accrued expenses 3,168 2,106
Additions to deferred loan costs included in accounts payable and accrued expenses $ 120