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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES        
Rental income $ 96,803 $ 81,071 $ 188,359 $ 156,785
Other property related income 11,385 9,799 21,928 19,946
Property management fee income 1,683 1,467 3,272 2,873
Total revenues 109,871 92,337 213,559 179,604
OPERATING EXPENSES        
Property operating expenses 38,210 32,080 75,641 64,370
Depreciation and amortization 38,086 30,487 75,981 58,602
General and administrative 7,114 7,059 14,287 13,628
Acquisition related costs 753 721 1,263 2,400
Total operating expenses 84,163 70,347 167,172 139,000
OPERATING (EXPENSE) INCOME 25,708 21,990 46,387 40,604
Interest:        
Interest expense on loans (10,868) (12,027) (21,925) (23,898)
Loan procurement amortization expense (659) (543) (1,205) (1,084)
Equity in losses of real estate ventures (100) (1,729) (338) (3,098)
Gain from sale of real estate   475   475
Other (208) (173) (524) (766)
Total other expense (11,835) (13,997) (23,992) (28,371)
INCOME FROM CONTINUING OPERATIONS 13,873 7,993 22,395 12,233
DISCONTINUED OPERATIONS        
Income from discontinued operations       336
Total discontinued operations       336
NET INCOME 13,873 7,993 22,395 12,569
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS        
Noncontrolling interests in the Operating Partnership (161) (95) (252) (144)
Noncontrolling interest in subsidiaries 12 (12) 15 (9)
NET INCOME ATTRIBUTABLE TO THE COMPANY 13,724 7,886 22,158 12,416
Distribution to preferred shareholders (1,502) (1,502) (3,004) (3,004)
NET INCOME ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS $ 12,222 $ 6,384 $ 19,154 $ 9,412
Basic earnings per share from continuing operations attributable to common shareholders (in dollars per share) $ 0.07 $ 0.04 $ 0.12 $ 0.06
Basic earnings per share from discontinued operations attributable to common shareholders (in dollars per share) 0.00 0.00 0.00 0.01
Basic earnings per share attributable to common shareholders (in dollars per share) 0.07 0.04 0.12 0.07
Diluted earnings per share from continuing operations attributable to common shareholders (in dollars per share) 0.07 0.04 0.11 0.06
Diluted earnings per share from discontinued operations attributable to common shareholders (in dollars per share) 0.00 0.00 0.00 0.01
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.07 $ 0.04 $ 0.11 $ 0.07
Weighted-average basic shares outstanding (in shares) 166,683 144,679 166,096 142,461
Weighted-average diluted shares outstanding (in shares) 168,224 146,999 167,655 144,691
AMOUNTS ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS:        
Income from continuing operations $ 12,222 $ 6,384 $ 19,154 $ 9,081
Total discontinued operations       331
Net income $ 12,222 $ 6,384 $ 19,154 $ 9,412