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Acquisition of Rental Property (Tables) | 12 Months Ended
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Dec. 31, 2012
Acquisition of Rental Property [Abstract] |
Schedule of Purchase Price Allocation | The aggregate fair value purchase price of the properties acquired during the year ended December 31, 2011 has been allocated as follows:
|  | Value (in thousands) |  | Weighted-Average Amortization Period (in years)
Land |  | $ | 6,425 |  |  |
Buildings, improvements and fixtures |  | 298,147 |  |  |
Deferred lease costs and other intangibles |  |  |  |
Above/below market lease value, net |  | 5,166 |  |  | 7.1
Below market ground lease value |  | 31,993 |  |  | 87.6
Lease in place value |  | 24,232 |  |  | 4.0
Tenant relationships |  | 28,628 |  |  | 10.2
Lease and legal costs |  | 3,444 |  |  | 3.2
Total deferred lease costs and other intangibles, net |  | 93,463 |  |  |
Mortgage fair value adjustments |  | (7,081 | ) |  |
Net assets acquired |  | 390,954 |  |  |
Less: contingent consideration |  | (3,023 | ) |  |
Less: noncontrolling interests |  | (6,845 | ) |  |
Consideration transferred |  | $ | 381,086 |  |  |
Business Acquisition, Pro Forma Information | The following unaudited condensed pro forma financial information for the year ended December 31, 2011 is presented as if the acquisitions had been consummated as of January 1, 2010, the beginning of the previous reporting period (in thousands):
|  | (Pro forma)
|  | (Unaudited)
|  | Year ended December 31,
|  | 2011 |  | 2010
Total Revenue |  | $ | 336,838 |  |  | $ | 317,021 |
Income from continuing operations |  | 47,687 |  |  | 35,073 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 54 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 55 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 68 -Subparagraph r(2, 3) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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