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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
OPERATING ACTIVITIES:    
Net income $ 38,549,000 $ 36,839,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization - continuing and discontinued operations 16,461,000 14,482,000
Stock-based compensation expense 1,355,000 1,095,000
Gain on sale of assets, net (16,000)  
Straight-line rental income (2,199,000) [1] (2,766,000) [1]
Recovery from doubtful accounts (23,000) (16,000)
Non-cash interest related to earn-out liabilities 330,000 354,000
Other non-cash items, net 991,000 991,000
Increase in accrued interest payable 964,000 339,000
Decrease in interest receivable 397,000 223,000
Net change in other assets and liabilities 602,000 121,000
Net cash provided by operating activities 57,411,000 51,662,000
INVESTING ACTIVITIES:    
Investment in real estate properties, net (80,982,000) (66,450,000)
Investment in real estate capital improvements, net (2,612,000) (2,456,000)
Proceeds from sale of real estate investments, net 1,248,000  
Principal payments received on mortgage loans receivable 4,856,000 4,986,000
Proceeds from redemption of marketable securities 6,500,000  
Advances under notes receivable (2,461,000)  
Principal payments received on notes receivable 273,000 544,000
Net cash used in investing activities (73,178,000) (63,376,000)
FINANCING ACTIVITIES:    
Bank borrowings 52,500,000 138,000,000
Repayment of bank borrowings (73,000,000) (147,300,000)
Proceeds from issuance of senior unsecured notes 85,800,000 50,000,000
Principal payments on bonds payable (565,000) (530,000)
Debt issue costs (1,418,000) (2,208,000)
Proceeds from common stock offering   103,631,000
Distributions paid to stockholders (42,777,000) (43,011,000)
Stock option exercises 1,926,000  
Redemption of preferred stock   (88,413,000)
Redemption of non-controlling interests (2,764,000)  
Distributions paid to non-controlling interests (69,000) (144,000)
Net cash provided by financing activities 19,633,000 10,025,000
Increase (decrease) in cash and cash equivalents 3,866,000 (1,689,000)
Cash and cash equivalents, beginning of period 4,408,000 6,903,000
Cash and cash equivalents, end of period 8,274,000 5,214,000
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 5,560,000 3,528,000
Non-cash investing and financing transactions:    
Redemption of non-controlling interests $ 56,000  
[1] During the nine months ended September 30, 2012 and 2011, we recorded $101 and $181, 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.