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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 38,462$ 16,273
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization expense36,56329,078
Amortization of above market lease(119)1,243
Gain on sale of real estate assets(21,939) 
Equity in earnings of non-consolidated REITs(2,805)(1,037)
Distributions from non-consolidated REITs4,0863,923
Increase (decrease) in bad debt reserve(365)920
Changes in operating assets and liabilities:  
Restricted cash(57)279
Tenant rent receivables, net869(1,261)
Straight-line rents, net(7,404)(2,961)
Prepaid expenses and other assets, net116(126)
Accounts payable and accrued expenses4,131615
Accrued compensation(420)(82)
Tenant security deposits523114
Payment of deferred leasing commissions(6,710)(7,894)
Net cash provided by operating activities44,93139,084
Cash flows from investing activities:  
Purchase of real estate assets, office computers and furniture(155,320)(33,096)
Acquired real estate leases(58,955)(15,563)
Investments in non-consolidated REITs(10)(2)
Investment in related party mortgage loan receivable(4,232)(17,221)
Changes in deposits on real estate assets200 
Investment in assets held for syndication, net(2,427)4,858
Proceeds received on sales of real estate assets96,790 
Net cash used in investing activities(123,954)(61,024)
Cash flows from financing activities:  
Distributions to stockholders(46,419)(45,418)
Proceeds from offering18,0011,906
Equity offering costs(536)(358)
Borrowings under bank note payable375,00058,960
Repayment of bank note payable(209,968) 
Repayment of term loan payable(74,850) 
Deferred financing costs(5,389) 
Swap termination payment(982) 
Net cash provided by financing activities54,85715,090
Net decrease in cash and cash equivalents(24,166)(6,850)
Cash and cash equivalents, beginning of period68,21327,404
Cash and cash equivalents, end of period44,04720,554
Non-cash investing and financing activities:  
Accrued costs for purchase of real estate assets2,4562,548
Accrued costs for equity offerings$ 170$ 50