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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net income $ 27,399 $ 10,639
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on settlement of debt   (1,240)
Gain on sales of real estate (17,573) (932)
Gain on sale of available-for-sale securities (9)  
Increase in rental income from straight-lining of rent (1,009) (1,019)
(Increase) decrease in rental income resulting from bad debt expense (116) 514
Decrease in rental income from amortization of intangibles relating to leases 12 50
Amortization of restricted stock expense 909 770
Equity in earnings of unconsolidated joint ventures (575) (241)
Distributions of earnings from unconsolidated joint ventures 356 308
Depreciation and amortization 7,597 7,135
Amortization and write off of financing costs 607 681
Changes in assets and liabilities:    
Increase in escrow, deposits, other assets and receivables (1,899) (362)
Decrease in accrued expenses and other liabilities (614) (368)
Net cash provided by operating activities 15,085 15,935
Cash flows from investing activities:    
Purchase of real estate and improvements (17,022) (22,887)
Net proceeds from sale of real estate 24,823 11,544
Investment in unconsolidated joint ventures   (669)
Distributions of return of capital from unconsolidated joint ventures 95 58
Net proceeds from sale of available-for-sale securities 369  
Net cash provided by (used in) investing activities 8,265 (11,954)
Cash flows from financing activities:    
Scheduled amortization payments of mortgages payable (4,364) (4,132)
Repayment of mortgages payable (29,758) (15,302)
Proceeds from mortgage financings 38,818 3,004
Proceeds from sale of common stock, net 2,153 40,569
Proceeds from bank line of credit 9,300 20,000
Repayment on bank line of credit (22,950) (36,200)
Issuance of shares through dividend reinvestment plan 2,520 2,807
Payment of financing costs (1,560) (723)
Capital contributions from non-controlling interests 93  
Distribution to non-controlling interest (290)  
Cash distributions to common stockholders (14,546) (13,306)
Net cash used in financing activities (20,584) (3,283)
Net increase in cash and cash equivalents 2,766 698
Cash and cash equivalents at beginning of period 12,668 7,732
Cash and cash equivalents at end of period 15,434 8,430
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest expense 10,386 10,440
Supplemental schedule of non-cash investing and financing activities:    
Contribution of property to unconsolidated joint venture 11,734  
Settlement of mortgage debt   1,259
Purchase accounting allocation - intangible lease assets 3,487 1,622
Purchase accounting allocation - intangible lease liabilities 11 612
Reclassification of real estate owned to property contributed to joint venture   11,829
Reclassification of real estate owned to properties held for sale 3,173 11,118
Reclassification of 2010 prepaid tenant improvement allowance to building improvements   $ 1,750