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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Real estate assets:    
Land $ 137,503 $ 137,503
Buildings and improvements 1,027,321 1,020,449
Fixtures and equipment 896 856
Total Real estate assets, gross 1,165,720 1,158,808
Less accumulated depreciation 168,375 152,587
Real estate assets, net 997,345 1,006,221
Acquired real estate leases, less accumulated amortization of $32,337 and $31,189, respectively 82,769 91,613
Investment in non-consolidated REITs 86,658 87,598
Cash and cash equivalents 22,620 23,813
Restricted cash 533 493
Tenant rent receivables, less allowance for doubtful accounts of $1,300 and $1,235, respectively 1,403 1,460
Straight-line rent receivable, less allowance for doubtful accounts of $135 and $135, respectively 33,142 28,545
Prepaid expenses 2,605 1,223
Related party mortgage loan receivables 177,536 140,516
Other assets 3,184 4,070
Office computers and furniture, net of accumulated depreciation of $500 and $428, respectively 456 468
Deferred leasing commissions, net of accumulated amortization of $10,706 and $9,220, respectively 22,112 22,641
Total assets 1,430,363 1,408,661
Liabilities:    
Bank note payable 494,000 449,000
Accounts payable and accrued expenses 25,408 26,446
Accrued compensation 944 2,222
Tenant security deposits 2,113 2,008
Acquired unfavorable real estate leases, less accumulated amortization of $4,203 and $3,759, respectively 6,875 7,618
Total liabilities 529,340 487,294
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 (141,861) (121,517)
Total stockholders' equity 901,023 921,367
Total liabilities and stockholders' equity $ 1,430,363 $ 1,408,661