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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Rental $ 151,656 $ 134,238 $ 113,274
Related party revenue:      
Management fees and interest income from loans 10,947 4,046 2,440
Other 199 49 88
Total revenues 162,802 138,333 115,802
Expenses:      
Real estate operating expenses 37,441 35,076 32,042
Real estate taxes and insurance 22,913 20,114 17,782
Depreciation and amortization 54,872 47,622 35,640
Selling, general and administrative 9,916 6,913 6,399
Interest 16,068 12,666 7,284
Total expenses 141,210 122,391 99,147
Income before interest income, equity in earnings of non-consolidated REITs and taxes on income 21,592 15,942 16,655
Interest income 51 22 25
Equity in earnings of non-consolidated REITs 2,033 3,685 1,266
Income before taxes on income 23,676 19,649 17,946
Taxes on income 335 267 217
Income from continuing operations 23,341 19,382 17,729
Discontinued operations:      
Income from discontinued operations, net of income tax (882) 2,203 4,364
Gain (loss) on sale, less applicable income tax (14,826) 21,939  
Total discontinued operations (15,708) 24,142 4,364
Net income $ 7,633 $ 43,524 $ 22,093
Weighted average number of shares outstanding, basic and diluted (in shares) 82,937 81,857 79,826
Earnings per share, basic and diluted, attributable to:      
Continuing operations (in dollars per share) $ 0.28 $ 0.24 $ 0.22
Discontinued operations (in dollars per share) $ (0.19) $ 0.29 $ 0.06
Net income per share, basic and diluted (in dollars per share) $ 0.09 $ 0.53 $ 0.28