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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (USD $) | Total | Common Stock | Paid-in Capital | Accumulated Other Comprehensive Income (Loss) | Accumulated Undistributed Net Income | Non-Controlling Interests in Joint Ventures
--- | --- | --- | --- | --- | --- | ---
Balances at Dec. 31, 2010 | $ 179,183,000 | $ 11,212,000 | $ 147,158,000 | $ (156,000) | $ 20,969,000 |
Distributions - common stock |  |  |  |  |  |
Cash - $.99 and $1.32 per share for the nine months ended September 30, 2012 and for the year ended December 31, 2011, respectively | (19,088,000) |  |  |  | (19,088,000) |
Shares issued in public offering - net of offering costs of $282 | 40,569,000 | 2,700,000 | 37,869,000 |  |  |
Shares issued through dividend reinvestment plan | 3,751,000 | 255,000 | 3,496,000 |  |  |
Contribution from non-controlling interest | 666,000 |  |  |  |  | 666,000
Restricted stock vesting |  | 46,000 | (46,000) |  |  |
Compensation expense - restricted stock | 1,009,000 |  | 1,009,000 |  |  |
Net income | 13,720,000 |  |  |  | 13,724,000 | (4,000)
Other comprehensive (loss) | (863,000) |  |  | (863,000) |  |
Balances at Dec. 31, 2011 | 218,947,000 | 14,213,000 | 189,486,000 | (1,019,000) | 15,605,000 | 662,000
Distributions - common stock |  |  |  |  |  |
Cash - $.99 and $1.32 per share for the nine months ended September 30, 2012 and for the year ended December 31, 2011, respectively | (14,672,000) |  |  |  | (14,672,000) |
Shares issued through dividend reinvestment plan | 2,520,000 | 152,000 | 2,368,000 |  |  |
Shares issued through equity offering program - net | 2,153,000 | 121,000 | 2,032,000 |  |  |
Contribution from non-controlling interest | 93,000 |  |  |  |  | 93,000
Distribution to non-controlling interest | (290,000) |  |  |  |  | (290,000)
Restricted stock vesting |  | 49,000 | (49,000) |  |  |
Compensation expense - restricted stock | 909,000 |  | 909,000 |  |  |
Net income | 27,399,000 |  |  |  | 27,386,000 | 13,000
Other comprehensive (loss) | (556,000) |  |  | (556,000) |  |
Balances at Sep. 30, 2012 | $ 236,503,000 | $ 14,535,000 | $ 194,746,000 | $ (1,575,000) | $ 28,319,000 | $ 478,000

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