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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 24,403 $ 24,598 $ 14,679
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred rent and amortization of intangible assets, liabilities and lease inducements (6,835) (5,187) (12,140)
Depreciation and amortization 72,361 69,047 68,644
Bargain purchase gain   (4,918)  
Gain on settlement of a contractual obligation   (1,166)  
Gain on sale of real estate (3,092)    
Gain on disposition of assets held for sale (5,151)    
Straight line rent, below-market ground lease and amortization of intangible assets 1,899 1,892 1,866
Amortization of deferred loan costs 3,229 2,168 784
Amortization of premiums and discounts on debt (1,179) (1,192) (828)
Unrealized premium adjustment 1,168 1,692  
Amortization and accretion on loans receivable, net (6,451) (5,095)  
Bad debt expense 1,428 594 155
Deferred income taxes 132 (58)  
Stock-based compensation 971 1,079  
Loans funded, held for sale to secondary market (29,619) (32,407)  
Proceeds from sale of guaranteed loans 27,974 22,893  
Principal collected on loans 4,311 4,450  
Other operating activity (496) (460)  
Changes in operating assets and liabilities:      
Accounts receivable and interest receivable (350) (2,028) (1,094)
Other assets (4,036) (5,850) (5,309)
Accounts payable and accrued expenses 3,678 1,728 6,017
Deferred leasing costs (8,580) (9,753) (11,530)
Other liabilities 984 2,400 (159)
Due to related parties 286 2,379 742
Net cash provided by operating activities 77,035 66,806 61,827
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to investments in real estate (26,614) (24,759) (24,342)
Acquisition of real estate properties (11,143) (63,436)  
Proceeds from sale of real estate property, net 7,786    
Proceeds from sale of assets held for sale, net 82,272    
Loans funded (29,848) (18,564)  
Cash and cash equivalents acquired in connection with the merger   3,185  
Principal collected on loans 39,950 44,924  
Restricted cash 1,691 (3,105) 2,159
Other investing activity 178 1,454  
Net cash provided by (used in) investing activities 64,272 (60,301) (22,183)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payment of mortgages payable (77,056) (6,472) (83,698)
Proceeds from unsecured revolving lines of credit, revolving credit facilities and term notes 619,000 554,700 134,000
Payment of unsecured revolving lines of credit, revolving credit facilities and term notes (487,000) (393,400)  
Payment of principal on secured borrowings (4,311) (4,450)  
Proceeds from secured borrowings 10,000 5,887  
Payment of deferred loan costs (3,596) (5,774) (395)
Payment of dividends (85,389) (68,948)  
Payment of special dividend and dividend assumed in acquisition   (59,286)  
Distributions pre-merger   (16,100) (104,035)
Contributions     32
Contributions from noncontrolling interests 110 10  
Redemption of class B shares of subsidiary REITs   (1,850)  
Proceeds from issuance of stock   201  
Retirement of fractional shares of common stock   (3)  
Noncontrolling interests' distributions (45) (264) (266)
Net cash (used in) provided by financing activities (28,287) 4,251 (54,362)
Change in cash balances included in assets held for sale (5,999) (9,937)  
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 107,021 819 (14,718)
CASH AND CASH EQUIVALENTS:      
Beginning of period 17,615 16,796 31,514
End of period 124,636 17,615 16,796
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid during the period for interest 20,920 19,397 18,303
Federal income taxes paid 805 691  
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Additions to investments in real estate included in accounts payable and accrued expenses 8,097 7,613 3,493
Stock issued in connection with merger (Note 2)   44,610  
Additions to investments in real estate included in other assets 4,244    
Net decrease in fair value of derivatives applied to other comprehensive income (loss) (2,519)    
Foreclosure on a loan receivable included in other assets 708    
Additions to deferred loan costs included in accounts payable and accrued expenses   $ 34  
Foreclosure on note receivable included in investments in real estate and other intangible assets (Note 4)     $ 40,100
Treasury Stock      
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Retirement of treasury stock $ 4,901