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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Real estate assets:    
Land $ 137,503 $ 121,720
Buildings and improvements 1,020,449 863,317
Fixtures and equipment 856 578
Total Real estate assets, gross 1,158,808 985,615
Less accumulated depreciation 152,587 122,917
Real estate assets, net 1,006,221 862,698
Acquired real estate leases, less accumulated amortization of $31,189 and $19,294, respectively 91,613 40,578
Investment in non-consolidated REITs 87,598 89,327
Asset held for syndication, net   2,976
Assets held for sale   74,947
Cash and cash equivalents 23,813 68,213
Restricted cash 493 420
Tenant rent receivables, less allowance for doubtful accounts of $1,235 and $1,600, respectively 1,460 1,922
Straight-line rent receivable, less allowance for doubtful accounts of $135 and $700, respectively 28,545 18,584
Prepaid expenses 1,223 1,654
Related party mortgage loan receivable 140,516 57,684
Other assets 4,070 853
Office computers and furniture, net of accumulated depreciation of $428 and $493, respectively 468 503
Deferred leasing commissions, net of accumulated amortization of $9,220 and $7,175, respectively 22,641 18,376
Total assets 1,408,661 1,238,735
Liabilities:    
Bank note payable 449,000 209,968
Term loan payable   74,850
Accounts payable and accrued expenses 26,446 22,435
Accrued compensation 2,222 1,803
Tenant security deposits 2,008 1,930
Other liabilities: derivative termination value   1,077
Acquired unfavorable real estate leases, less accumulated amortization of $3,759 and $2,744, respectively 7,618 5,114
Total liabilities 487,294 317,177
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, respectively 8 8
Additional paid-in capital 1,042,876 1,025,491
Accumulated other comprehensive loss   (1,077)
Earnings (distributions) in excess of accumulated earnings/distributions (121,517) (102,864)
Total stockholders' equity 921,367 921,558
Total liabilities and stockholders' equity $ 1,408,661 $ 1,238,735