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Condensed Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Real estate assets:  
Land$ 134,711$ 121,720
Buildings and improvements1,006,814863,317
Fixtures and equipment761578
Total real estate assets, gross1,142,286985,615
Less accumulated depreciation145,028122,917
Real estate assets, net997,258862,698
Acquired real estate leases, less accumulated amortization of $26,668 and $19,294, respectively91,58540,578
Investment in non-consolidated REITs88,22589,327
Assets held for syndication, net4,7202,976
Assets held for sale 74,947
Cash and cash equivalents44,04768,213
Restricted cash477420
Tenant rent receivables, less allowance for doubtful accounts of $1,235 and $1,600, respectively1,4181,922
Straight-line rent receivable, less allowance for doubtful accounts of $135 and $700, respectively26,06718,752
Prepaid expenses2,5531,654
Related party mortgage loan receivable61,91657,684
Other assets4,757685
Office computers and furniture, net of accumulated depreciation of $629 and $493, respectively462503
Deferred leasing commissions, net of accumulated amortization of $8,619 and $7,175, respectively22,29918,376
Total assets1,345,7841,238,735
Liabilities:  
Bank note payable375,000209,968
Term loan payable 74,850
Accounts payable and accrued expenses28,25822,435
Accrued compensation1,3831,803
Tenant security deposits2,4531,930
Other liabilities: derivative termination value631,077
Acquired unfavorable real estate leases, less accumulated amortization of $3,391 and $2,744, respectively6,6275,114
Total liabilities413,784317,177
Commitments and contingencies  
Stockholders' Equity:  
Preferred stock, $.0001 par value, 20,000,000 shares authorized, none issued or outstanding  
Common stock, $.0001 par value, 180,000,000 shares authorized, 82,937,405 and 81,437,405 shares issued and outstanding, respectively88
Additional paid-in capital1,042,8761,025,491
Accumulated other comprehensive loss(63)(1,077)
Accumulated distributions in excess of accumulated earnings(110,821)(102,864)
Total stockholders' equity932,000921,558
Total liabilities and stockholders' equity$ 1,345,784$ 1,238,735