v2.3.0.11
Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (117) $ (2,179)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21,987 5,668
Amortization of deferred financing costs and loan premium, net 368 661
Amortization of stock based compensation 1,313 0
Straight-line rent receivables (2,029) (1,344)
Amortization of above-market leases 1,687 242
Amortization of below-market leases (1,901) (440)
Amortization of lease incentive costs 361 0
Bad debt expense 650 (101)
Amortization of ground lease 142 0
Unrealized gain on interest rate contract 0 (347)
Change in operating assets and liabilities:    
Restricted cash (4,063) 1,389
Accounts receivable (7,558) 78
Deferred leasing costs and lease intangibles (1,667) 0
Prepaid expenses and other assets 259 608
Accounts payable and accrued liabilities 2,550 (1,538)
Security deposits 391 710
Prepaid rent 2,107 (1,724)
Net cash provided by operating activities 14,480 1,683
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to investment property (6,661) (5,737)
Property acquisitions 0 (7,177)
Deposits for property acquisitions (1,575) 0
Net cash used in investing activities (8,236) (12,914)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable 244,500 5,671
Payments of notes payable (311,030) (158,189)
Proceeds from issuance of common stock 111,008 232,721
Proceeds from private placement of common stock 45,688 20,000
Series B stock issuance transaction costs (600) 0
Common stock issuance transaction costs (712) (6,935)
Dividends paid to common stock and unit holders (7,656) 0
Dividends paid to preferred stock and unit holders (4,054) 0
Contributions by members 0 3,645
Distribution to members (93) (1,624)
Acquisition of non-controlling member in consolidated real estate entity (41,131) (828)
Payment of loan costs (4,146) (2,938)
Net cash (used in) provided by financing activities 31,774 91,523
Net increase in cash and cash equivalents 38,018 80,292
Cash and cash equivalents-beginning of period 48,875 4,217
Cash and cash equivalents-end of period 86,893 84,509
Supplemental disclosure of cash flow information    
Cash paid for interest, net of amounts capitalized 8,103 4,117
Supplemental schedule of noncash investing and financing activities    
Accounts payable and accrued liabilities for investment in property $ 1,966 $ 709