XML 44 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Real estate assets:    
Land $ 144,336 $ 132,393
Buildings and improvements 1,178,144 1,006,267
Fixtures and equipment 904 831
Total real estate assets, gross 1,323,384 1,139,491
Less accumulated depreciation 180,756 148,266
Real estate assets, net 1,142,628 991,225
Acquired real estate leases, less accumulated amortization of $40,062 and $31,189, respectively 111,982 91,613
Investment in non-consolidated REITs 81,960 87,598
Asset held for sale   15,355
Cash and cash equivalents 21,267 23,813
Restricted cash 575 493
Tenant rent receivables, less allowance for doubtful accounts of $1,300 and $1,235, respectively 1,749 1,460
Straight-line rent receivable, less allowance for doubtful accounts of $135 and $135, respectively 35,441 28,502
Prepaid expenses 1,106 1,223
Related party mortgage loan receivable 93,896 140,516
Other assets 12,655 4,070
Office computers and furniture, net of accumulated depreciation of $584 and $428, respectively 544 468
Deferred leasing commissions, net of accumulated amortization of $11,812 and $9,139, respectively 23,376 22,325
Total assets 1,527,179 1,408,661
Liabilities:    
Bank note payable 216,750 449,000
Term loan payable 400,000  
Accounts payable and accrued expenses 31,122 26,446
Accrued compensation 2,540 2,222
Tenant security deposits 2,489 2,008
Other liabilities: derivative liability 1,219  
Acquired unfavorable real estate leases, less accumulated amortization of $4,870 and $3,759, respectively 8,310 7,618
Total liabilities 662,430 487,294
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 other comprehensive loss (1,219)  
Earnings (distributions) in excess of accumulated earnings/distributions (176,916) (121,517)
Total stockholders' equity 864,749 921,367
Total liabilities and stockholders' equity $ 1,527,179 $ 1,408,661