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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES:    
Net income $ 24,416 $ 22,200
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization - continuing and discontinued operations 9,508 7,874
Stock-based compensation expense 721 721
Straight-line rental income - continuing and discontinued operations (1,689) [1] (1,860) [1]
(Recovery) provision for doubtful accounts - continuing and discontinued operations (14) 1,255
Non-cash interest related to earn-out liabilities 177  
Other non-cash items, net 823 496
Increase (decrease) in accrued interest payable 183 (2)
Decrease in interest receivable 33 45
Net change in other assets and liabilities 363 927
Net cash provided by operating activities 34,521 31,656
INVESTING ACTIVITIES:    
Investment in real estate properties and capital improvements, net (54,381) (40,844)
Investment in real estate mortgages   (72)
Principal payments received on mortgage loans receivable 3,620 1,957
Principal payments received on notes receivable 359 1,006
Net cash used in investing activities (50,402) (37,953)
FINANCING ACTIVITIES:    
Bank borrowings 119,000 37,500
Repayment of bank borrowings (86,700) (10,000)
Principal payments on mortgage loan payable and bonds payable (530) (8,180)
Proceeds from common stock offering 103,667 9,654
Distributions paid to non-controlling interests (96) (115)
Redemption of preferred stock (88,413)  
Distributions paid to stockholders (29,450) (25,986)
Other (2,105) 66
Net cash provided by financing activities 15,373 2,939
Decrease in cash and cash equivalents (508) (3,358)
Cash and cash equivalents, beginning of period 6,903 8,856
Cash and cash equivalents, end of period 6,395 5,498
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid $ 2,037 $ 640
[1] During the six months ended June 30, 2011 and 2010, we recorded $123 and $175, respectively, in straight-line rental income from a lessee that qualifies as a related party. The lessee's Chief Executive Officer is on our Board of Directors. See Note 9. Transactions with Related Party for further discussion.