Exhibit 99.2

SELECTED FINANCIAL DATA

The following table sets forth selected consolidated financial and operating data on an historical basis for our company and on a combined historical basis for our company’s Predecessor. The Predecessor is comprised of the real estate activities and holdings of GI Partners related to the properties in our portfolio. We have not presented historical information for our company for periods prior to the consummation of our initial public offering because we did not have any corporate activity until the completion of our initial public offering other than the issuance of shares of common stock in connection with the initial capitalization of our company, and because we believe that a discussion of the results of our company would not be meaningful. The Predecessor’s combined historical financial information includes:

• the wholly owned real estate subsidiaries and majority-owned real estate joint ventures that GI Partners contributed to our operating partnership in connection with our initial public offering;

• an allocation of GI Partners’ line of credit to the extent that borrowings and related interest expense relate to (1) borrowings to fund acquisitions of the properties in our portfolio and (2) borrowings to pay asset management fees paid by GI Partners that were allocated to the properties in our portfolio; and

• an allocation of the asset management fees paid to a related party and incurred by GI Partners, along with an allocation of the liability for any such fees that were unpaid as of December 31, 2003 and an allocation of GI Partners’ general and administrative expenses.

The following data should be read in conjunction with our financial statements and notes thereto and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included as Exhibit 99.3 to this Current Report on Form 8-K. Certain prior year amounts have been reclassified to conform to the current year presentation.

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		The Company								The Predecessor
		Year Ended December 31, 2005				Period from November 3, 2004 to December 31, 2004				Period from January 1, 2004 to November 2, 2004				Year ended December 31,								Period from February 28, 2001 (inception) through December 31, 2001
														2003				2002
		(revised)				(revised)				(revised)				(revised)
Statement of Operations Data:
Revenues:
Rental		$	158,428			$	20,121			$	63,748			$	48,673			$	21,203			$	—
Tenant reimbursements			37,174				3,992				12,012				8,632				3,894				—
Other			7,103				30				71				4,328				458				12
Total revenues			202,705				24,143				75,831				61,633				25,555				12
Expenses:
Rental property operating and maintenance			41,030				4,790				12,291				8,205				4,997				—
Property taxes			20,992				1,959				6,642				4,479				2,755				—
Insurance			2,728				455				1,296				597				83				—
Interest			37,724				5,316				17,786				10,022				5,249				—
Asset management fees to related party			—				—				2,655				3,185				3,185				2,663
Depreciation and amortization			59,616				6,983				21,806				15,637				7,659				—
General and administrative			12,615				20,766				223				312				249				—
Loss from early extinguishment of debt			1,021				283				—				—				—				—
Other			1,635				57				1,021				2,459				1,249				107
Total expenses			177,361				40,609				63,720				44,896				25,426				2,770
Income (loss) from continuing operations before minority interests			25,344				(16,466	)			12,111				16,737				129				(2,758	)
Minority interests in consolidated joint ventures of continuing operations			—				(20	)			14				(149	)			(190	)			—
Minority interests in continuing operations of operating partnership			(8,818	)			10,274				—				—				—				—
Income (loss) from continuing operations			16,526				(6,212	)			12,125				16,588				(61	)			(2,758	)
(Loss) income from discontinued operations before minority interests			(987	)			96				(1,422	)			54				—				—
Minority interests attributable to discontinued operations			562				(53	)			23				—				—				—
(Loss) income from discontinued operations			(425	)			43				(1,399	)			54				—				—
Net income (loss)			16,101				(6,169	)		$	10,726			$	16,642			$	(61	)		$	(2,758	)
Preferred stock dividends			(10,014	)			—
Net income (loss) available to common stockholders		$	6,087			$	(6,169	)
Per Share Data:
Basic income (loss) per share available to common stockholders		$	0.25			$	(0.30	)		$	—			$	—			$	—			$	—
Diluted income (loss) per share available to common stockholders		$	0.25			$	(0.30	)		$	—			$	—			$	—			$	—
Cash dividend per common share		$	1.00			$	0.16			$	—			$	—			$	—			$	—
Weighted average common shares outstanding:
Basic			23,986,288				20,770,875				—				—				—				—
Diluted			24,221,732				20,770,875				—				—				—				—

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		The Company						The Predecessor
		December 31,						December 31,
		2005			2004			2003			2002			2001
Balance Sheet Data:
Net investments in real estate		$	1,194,106		$	787,412		$	391,737		$	217,009		$	—
Total assets			1,529,170			1,013,287			479,698			269,836			1,893
Notes payable under line of credit			181,000			44,000			44,436			53,000			—
Mortgages and other secured loans			568,067			475,498			253,429			103,560			—
Total liabilities			880,228			584,229			328,303			183,524			903
Minority interests in consolidated joint ventures			206			997			3,444			3,135			—
Minority interests in operating partnership			262,239			254,862			—			—			—
Total stockholders’/owner’s equity			386,497			173,199			147,951			83,177			990
Total liabilities and stockholders’/owner’s equity		$	1,529,170		$	1,013,287		$	479,698		$	269,836		$	1,893

		The Company				The Company and the Predecessor				The Predecessor
		Year Ended December 31, 2005				Year ended December 31,												Period from February 28, 2001 (inception) through December 31, 2001
						2004				2003				2002
Cash flows from (used in):
Operating activities		$	82,848			$	44,638			$	27,628			$	9,645			$	(1,867	)
Investing activities			(480,815	)			(371,277	)			(213,905	)			(164,755	)			(1,881	)
Financing activities			404,340				326,022				187,873				158,688				3,748

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