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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
OPERATING ACTIVITIES:    
Net income $ 25,879 $ 26,045
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization-continuing and discontinued operations 12,267 10,536
Stock-based compensation expense 1,508 910
Loss (gain) on sale of assets, net 1,014 (16)
Straight-line rental income-continuing and discontinued operations (1,860) [1] (1,333) [1]
Provision (recovery) for doubtful accounts-continuing and discontinued operations 19 (21)
Non-cash interest related to earn-out liabilities 220 220
Other non-cash items, net 212 642
Increase (decrease) in accrued interest payable 17 (200)
Decrease in interest receivable 25 391
Net change in other assets and liabilities (564) (344)
Net cash provided by operating activities 38,737 36,830
INVESTING ACTIVITIES:    
Investment in real estate properties, net   (20,482)
Investment in real estate properties under development (9,310) (215)
Investment in real estate capital improvements (4,506) (446)
Proceeds from sale of real estate investments, net 1 1,248
Advances under mortgage loans receivable (913)  
Principal payments received on mortgage loans receivable 938 3,752
Proceeds from redemption of marketable securities   6,500
Advances under notes receivable (510) (2,019)
Principal payments received on notes receivable 2,413 191
Net cash used in investing activities (11,887) (11,471)
FINANCING ACTIVITIES:    
Bank borrowings 2,000 23,000
Repayment of bank borrowings (117,500) (11,000)
Principal payments on bonds payable (600) (565)
Proceeds from common stock offering 176,301  
Stock option exercises 523 746
Distributions paid to stockholders (31,385) (28,096)
Redemption of non-controlling interests   (2,764)
Distributions paid to non-controlling interests (7) (59)
Financing costs paid (35) (716)
Other (23)  
Net cash provided by (used in) financing activities 29,274 (19,454)
Increase in cash and cash equivalents 56,124 5,905
Cash and cash equivalents, beginning of period 7,191 4,408
Cash and cash equivalents, end of period 63,315 10,313
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid $ 6,040 $ 3,918
[1] During the six months ended June 30, 2013 and 2012, we recorded $15 and $70, 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.