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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
OPERATING ACTIVITIES:    
Net income $ 35,277 $ 25,879
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization (continuing and discontinued operations) 12,600 12,267
Stock-based compensation expense 1,449 1,508
(Gain) loss on sale of real estate, net (1,140) 1,014
Straight-line rental income (1,247) (1,860)
Provision for doubtful accounts 38 19
Non-cash interest related to earn-out liabilities   220
Other non-cash items, net 745 712
Decrease in interest receivable 7 25
Increase in accrued interest payable 26 17
Net change in other assets and liabilities (2,518) (564)
Net cash provided by operating activities 45,237 39,237
INVESTING ACTIVITIES:    
Investment in real estate properties under development (16,080) (9,310)
Investment in real estate capital improvements (11,448) (4,506)
Capitalized interest (742) (500)
Proceeds from sale of real estate investments, net 7,707 1
Advances under mortgage loans receivable (3,707) (913)
Principal payments received on mortgage loans receivable 1,054 938
Advances under notes receivable (89) (510)
Principal payments received on notes receivable 72 2,413
Net cash used in investing activities (23,233) (12,387)
FINANCING ACTIVITIES:    
Bank borrowings 21,000 2,000
Repayment of bank borrowings   (117,500)
Principal payments on senior unsecured notes (4,167)  
Principal payments on bonds payable (635) (600)
Proceeds from common stock offering   176,301
Stock option exercises 277 523
Distributions paid to stockholders (37,140) (31,385)
Distributions paid to non-controlling interests   (7)
Financing costs paid (46) (35)
Other (7) (23)
Net cash (used in) provided by financing activities (20,718) 29,274
Increase in cash and cash equivalents 1,286 56,124
Cash and cash equivalents, beginning of period 6,778 7,191
Cash and cash equivalents, end of period 8,064 63,315
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid $ 6,601 $ 6,040