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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income $ 43,524 $ 22,093 $ 27,872
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 50,261 39,627 36,561
Amortization of above market lease (47) 1,362 3,359
Gain on sale of real estate assets (21,939)   (424)
Equity in earnings of non-consolidated REITs (3,086) (1,183) (2,012)
Distributions from non-consolidated REITs 3,474 1,633 2,283
Increase (decrease) in bad debt reserve (365) 980 111
Changes in operating assets and liabilities:      
Restricted cash (73) (86) 2
Tenant rent receivables 827 (1,120) (564)
Straight-line rents (9,878) (4,249) (1,879)
Prepaid expenses and other assets 1,611 865 907
Accounts payable, accrued expenses and other items 4,213 (351) 2,760
Accrued compensation 419 387 (238)
Tenant security deposits 78 122 (66)
Payment of deferred leasing commissions (8,058) (10,515) (2,659)
Net cash provided by operating activities 60,961 49,565 66,013
Cash flows from investing activities:      
Purchase of real estate assets, office computers and furniture (174,020) (38,781) (104,544)
Acquired real estate leases (62,230) (15,563) (27,779)
Investment in non-consolidated REITs (10) (11) (13,218)
Distributions in excess of earnings from non-consolidated REITS 1,582 3,537 3,345
Investment in related party mortgage loan receivable (82,832) (21,149) (35,410)
Changes in deposits on real estate assets 200 (200)  
Investment in assets held for syndication 2,230 1,319 8,159
Proceeds received on sales of real estate assets 96,790   672
Net cash used in investing activities (218,290) (70,848) (168,775)
Cash flows from financing activities:      
Distributions to stockholders (62,177) (60,586) (55,313)
Proceeds from equity offering 18,001 22,701 119,600
Offering costs (706) (833) (4,905)
Borrowings under bank note payable 449,000 100,960 41,540
Repayments of bank note payable (209,968)    
Principal repayment under term loan payable (74,850) (150)  
Deferred financing costs (5,388)    
Swap termination payment (983)    
Net cash provided by financing activities 112,929 62,092 100,922
Net increase (decrease) in cash and cash equivalents (44,400) 40,809 (1,840)
Cash and cash equivalents, beginning of year 68,213 27,404 29,244
Cash and cash equivalents, end of year 23,813 68,213 27,404
Cash paid for:      
Interest 9,688 6,931 6,354
Taxes on income 225 245 255
Non-cash investing and financing activities:      
Accrued costs for purchase of real estate assets 733 845 1,936
Accrued offering costs   $ 90