Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.4.1.9
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net income (loss) $ 694us-gaap_NetIncomeLoss $ (13,514)us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 8,207us-gaap_DepreciationAndAmortization 6,720us-gaap_DepreciationAndAmortization
Impairment charge   13,958us-gaap_AssetImpairmentCharges
Amortization of deferred financing costs 431us-gaap_AmortizationOfFinancingCosts 386us-gaap_AmortizationOfFinancingCosts
Amortization of deferred rent asset and liability, net (141)good_AmortizationOfDeferredRentAssetAndLiabilityNet (92)good_AmortizationOfDeferredRentAssetAndLiabilityNet
Amortization of discount and premium on assumed debt (77)us-gaap_AmortizationOfDebtDiscountPremium (44)us-gaap_AmortizationOfDebtDiscountPremium
Asset retirement obligation expense 38good_AssetRetirementObligationExpense (180)good_AssetRetirementObligationExpense
(Increase) decrease in other assets (2)us-gaap_IncreaseDecreaseInOtherOperatingAssets 298us-gaap_IncreaseDecreaseInOtherOperatingAssets
Increase in deferred rent receivable (856)us-gaap_StraightLineRent (906)us-gaap_StraightLineRent
Increase (decrease) in accounts payable, accrued expenses, and amount due Adviser and Administrator 1,008us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (372)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Decrease in other liabilities (301)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (41)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Leasing commissions paid (65)us-gaap_PaymentsForLeaseCommissions (54)us-gaap_PaymentsForLeaseCommissions
Net cash provided by operating activities 8,936us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 6,159us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Acquisition of real estate and related intangible assets (28,348)good_PaymentsToAcquireRealEstateAndIntangibleAssets (3,718)good_PaymentsToAcquireRealEstateAndIntangibleAssets
Improvements of existing real estate (1,697)good_ImprovementsOfExistingRealEstate (1,673)good_ImprovementsOfExistingRealEstate
Receipts from lenders for funds held in escrow 68good_ReceiptsFromLendersForReservesHeldInEscrow 496good_ReceiptsFromLendersForReservesHeldInEscrow
Payments to lenders for funds held in escrow (801)good_PaymentsToLendersForReservesHeldInEscrow (1,260)good_PaymentsToLendersForReservesHeldInEscrow
Receipts from tenants for reserves 795good_ReceiptsFromTenantsForReserves 790good_ReceiptsFromTenantsForReserves
Payments to tenants from reserves (511)good_PaymentsToTenantsFromReserves (2,335)good_PaymentsToTenantsFromReserves
(Increase) decrease in restricted cash (314)us-gaap_IncreaseDecreaseInRestrictedCash 1,545us-gaap_IncreaseDecreaseInRestrictedCash
Deposits on future acquisitions (150)us-gaap_PaymentsToAcquireRealEstateHeldForInvestment (250)us-gaap_PaymentsToAcquireRealEstateHeldForInvestment
Deposits applied against real estate investments 250good_ProceedsFromDepositsAppliedAgainstRealEstateInvestments 127good_ProceedsFromDepositsAppliedAgainstRealEstateInvestments
Net cash used in investing activities (30,708)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (6,278)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Proceeds from issuance of equity 18,135us-gaap_ProceedsFromIssuanceOfCommonStock 7,707us-gaap_ProceedsFromIssuanceOfCommonStock
Offering costs (542)us-gaap_PaymentsOfStockIssuanceCosts (503)us-gaap_PaymentsOfStockIssuanceCosts
Borrowings under mortgage notes payable 14,573us-gaap_ProceedsFromNotesPayable  
Payments for deferred financing costs (216)us-gaap_PaymentsOfFinancingCosts (360)us-gaap_PaymentsOfFinancingCosts
Principal repayments on mortgage notes payable (2,245)us-gaap_RepaymentsOfSecuredDebt (2,172)us-gaap_RepaymentsOfSecuredDebt
Borrowings from line of credit 22,000us-gaap_ProceedsFromLinesOfCredit 12,700us-gaap_ProceedsFromLinesOfCredit
Repayments on line of credit (24,000)us-gaap_RepaymentsOfLinesOfCredit (13,000)us-gaap_RepaymentsOfLinesOfCredit
Increase in security deposits 30us-gaap_IncreaseDecreaseInSecurityDeposits  
Distributions paid for common, senior common and preferred stock (8,802)us-gaap_PaymentsOfDividends (6,986)us-gaap_PaymentsOfDividends
Net cash provided by (used in) financing activities 18,933us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (2,614)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net decrease in cash and cash equivalents (2,839)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (2,733)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 8,599us-gaap_CashAndCashEquivalentsAtCarryingValue 8,546us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 5,760us-gaap_CashAndCashEquivalentsAtCarryingValue 5,813us-gaap_CashAndCashEquivalentsAtCarryingValue
NON-CASH INVESTING AND FINANCING INFORMATION    
Increase in asset retirement obligation 21us-gaap_AssetRetirementObligationPeriodIncreaseDecrease  
Fixed rate principal debt assumed in connection with acquisition   6,330good_FixedRateDebtAssumedInConnectionWithAcquisitions
Senior common dividend issued in the dividend reinvestment program 51good_SeniorCommonDividendIssuedInDividendReinvestmentProgram 39good_SeniorCommonDividendIssuedInDividendReinvestmentProgram
Capital improvements included in accounts payable and accrued expenses $ 4,402good_NonCashCapitalImprovementsIncludedInAccountsPayableAndAccruedExpenses $ 671good_NonCashCapitalImprovementsIncludedInAccountsPayableAndAccruedExpenses