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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 25,614 $ 33,198
Adjustments to reconcile net income to net cash provided by operating activities:    
Change in fair value of derivatives 6 7
Gain on sale of property (11) (6,069)
Depreciation and amortization of deferred leasing costs 21,251 20,489
Amortization of deferred debt costs 754 614
Non cash compensation costs of stock grants and options 832 658
Provision for credit losses 660 310
Increase in accounts receivable and accrued income (960) (218)
Additions to deferred leasing costs (2,852) (1,862)
Decrease in prepaid expenses 2,430 2,399
Increase in other assets (769) (7,711)
Increase in accounts payable, accrued expenses and other liabilities 2,139 4,309
Decrease in deferred income (637) (3,379)
Net cash provided by operating activities 48,457 42,745
Cash flows from investing activities:    
Acquisitions of real estate investments [1] (893) (8,545)
Additions to real estate investments (6,994) (7,002)
Additions to development and redevelopment projects (17,690) (6,343)
Proceeds from sale of property 32 6,679
Net cash used in investing activities (25,545) (15,211)
Cash flows from financing activities:    
Proceeds from notes payable [1] 46,000 0
Repayments on notes payable (41,136) (10,923)
Proceeds from revolving credit facility 4,000 11,000
Repayments on revolving credit facility (25,000) (11,000)
Proceeds from construction loan 12,140 0
Additions to deferred debt costs (335) (1,303)
Proceeds from the issuance of:    
Common stock 8,184 8,159
Partnership units 2,448 8,877
Distributions to:    
Common stockholders (17,456) (15,683)
Noncontrolling interest (5,983) (5,717)
Net cash used in financing activities (23,326) (23,002)
Net increase (decrease) in cash and cash equivalents (414) 4,532
Cash and cash equivalents, beginning of period 12,128 17,297
Cash and cash equivalents, end of period 11,714 21,829
Series A Preferred Stock    
Distributions to:    
Preferred stockholders 0 (1,600)
Series C Preferred Stock    
Distributions to:    
Preferred stockholders $ (6,188) $ (4,812)
[1] The 2014 acquisition of real estate and proceeds from notes payable each exclude $11,000 in connection with the sale and leaseback of the Company's Olney property.