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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net income $ 5,738 $ 24,767
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 13,763 11,109
Amortization of above market lease 40 (6)
Gain on sale of real estate assets   (19,592)
Equity in earnings of non-consolidated REITs (391) (1,066)
Distributions from non-consolidated REITs 487 1,283
Increase (decrease) in bad debt reserve 65 (375)
Changes in operating assets and liabilities:    
Restricted cash (18) (20)
Tenant rent receivables, net 305 609
Straight-line rents, net (1,517) (2,303)
Prepaid expenses and other assets, net 93 88
Accounts payable and accrued expenses (3,388) (1,212)
Accrued compensation (1,776) (1,200)
Tenant security deposits 173 603
Payment of deferred leasing commissions (641) (2,819)
Net cash provided by operating activities 12,933 9,866
Cash flows from investing activities:    
Purchase of real estate assets, office computers and furniture (5,376) (124,307)
Acquired real estate leases   (45,032)
Investments in non-consolidated REITs (1) (9)
Distributions in excess of earnings from non-consolidated REITS 442 484
Investment in related party mortgage loan receivable (31,770) (2,432)
Changes in deposits on real estate assets   200
Investment in assets held for syndication, net   (45,186)
Proceeds received on sales of real estate assets   89,382
Net cash used in investing activities (36,705) (126,900)
Cash flows from financing activities:    
Distributions to stockholders (15,758) (15,473)
Proceeds from equity offering, net   (90)
Borrowings under bank note payable 45,000 404,000
Repayment of bank note payable   (209,968)
Repayment of term loan payable   (74,850)
Deferred financing costs   (4,328)
Swap termination payment   (982)
Net cash provided by financing activities 29,242 98,309
Net decrease in cash and cash equivalents 5,470 (18,725)
Cash and cash equivalents, beginning of period 23,813 68,213
Cash and cash equivalents, end of period 29,283 49,488
Non-cash investing and financing activities:    
Accrued costs for purchase of real estate assets $ 986 $ 274