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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Real estate assets:    
Land $ 137,503 $ 137,503
Buildings and improvements 1,023,905 1,020,449
Fixtures and equipment 885 856
Total Real estate assets, gross 1,162,293 1,158,808
Less accumulated depreciation 160,430 152,587
Real estate assets, net 1,001,863 1,006,221
Acquired real estate leases, less accumulated amortization of $29,303 and $31,189, respectively 87,073 91,613
Investment in non-consolidated REITs 87,061 87,598
Cash and cash equivalents 29,283 23,813
Restricted cash 511 493
Tenant rent receivables, less allowance for doubtful accounts of $1,300 and $1,235, respectively 1,090 1,460
Straight-line rent receivable, less allowance for doubtful accounts of $135 and $135, respectively 31,932 28,545
Prepaid expenses 1,164 1,223
Related party mortgage loan receivables 172,286 140,516
Other assets 3,528 4,070
Office computers and furniture, net of accumulated depreciation of $470 and $428, respectively 478 468
Deferred leasing commissions, net of accumulated amortization of $10,174 and $9,220, respectively 22,259 22,641
Total assets 1,438,528 1,408,661
Liabilities:    
Bank note payable 494,000 449,000
Accounts payable and accrued expenses 23,311 26,446
Accrued compensation 446 2,222
Tenant security deposits 2,181 2,008
Acquired unfavorable real estate leases, less accumulated amortization of $4,069 and $3,759, respectively 7,243 7,618
Total liabilities 527,181 487,294
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 82,937,405 shares issued and outstanding, respectively 8 8
Additional paid-in capital 1,042,876 1,042,876
Accumulated distributions in excess of accumulated earnings (131,537) (121,517)
Total stockholders' equity 911,347 921,367
Total liabilities and stockholders' equity $ 1,438,528 $ 1,408,661