|
Consolidated and Combined Balance Sheets (USD $) In Thousands, unless otherwise specified
|
Dec. 31, 2013
|
Dec. 31, 2012
Predecessor
|
| Investment properties |
|
|
| Income producing real estate |
$ 192,959 |
$ 89,878 |
| Tenant improvements |
5,458 |
5,132 |
| Property under development |
225 |
675 |
| Land |
26,088 |
15,464 |
| Total Investment Properties, gross |
224,730 |
111,149 |
| Accumulated depreciation |
(20,299) |
(16,495) |
| Total investment properties, net |
204,431 |
94,654 |
| Cash and cash equivalents |
56,478 |
2,614 |
| Tenant receivables, net |
837 |
682 |
| Deferred costs, net |
2,105 |
1,107 |
| Lease intangibles, net |
23,108 |
5,243 |
| Other assets |
5,901 |
3,292 |
| Total Assets |
292,860 |
107,592 |
| Liabilities |
|
|
| Accounts payable to related parties |
|
1,530 |
| Accounts payable |
836 |
802 |
| Dividends payable |
5,681 |
|
| Accrued expenses and other liabilities |
2,288 |
1,031 |
| Derivative liabilities |
397 |
643 |
| Debt |
42,821 |
84,489 |
| Total Liabilities |
52,023 |
88,495 |
| Equity: |
|
|
| Common shares, $0.01 par value, 500,000,000 shares authorized, 21,548,597 shares issued and outstanding as of December 31, 2013 |
215 |
|
| Additional paid-in capital |
220,750 |
|
| Accumulated deficit |
(8,670) |
|
| Predecessor equity |
|
19,068 |
| Total Shareholders' and Predecessor equity |
212,295 |
19,068 |
| Noncontrolling interests |
28,542 |
|
| Noncontrolling interests |
|
29 |
| Total Equity |
240,837 |
|
| Total Equity |
|
19,097 |
| Total Liabilities and Equity |
$ 292,860 |
$ 107,592 |