XML 59 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Real estate assets:    
Land $ 160,670 $ 144,336
Buildings and improvements 1,325,919 1,178,144
Fixtures and equipment 960 904
Total real estate assets, gross 1,487,549 1,323,384
Less accumulated depreciation 199,524 180,756
Real estate assets, net 1,288,025 1,142,628
Acquired real estate leases, less accumulated amortization of $51,938 and $40,062, respectively 132,662 111,982
Investment in non-consolidated REITs 81,523 81,960
Cash and cash equivalents 24,962 21,267
Restricted cash 602 575
Tenant rent receivables, less allowance for doubtful accounts of $110 and $1,300, respectively 2,331 1,749
Straight-line rent receivable, less allowance for doubtful accounts of $135 and $135, respectively 37,952 35,441
Prepaid expenses 1,760 1,106
Related party mortgage loan receivables 97,846 93,896
Other assets 10,262 12,655
Other assets: derivative asset 6,739  
Office computers and furniture, net of accumulated depreciation of $658 and $584, respectively 510 544
Deferred leasing commissions, net of accumulated amortization of $13,325 and $11,812, respectively 24,877 23,376
Total assets 1,710,051 1,527,179
Liabilities:    
Bank note payable 181,500 216,750
Term loan payable 400,000 400,000
Accounts payable and accrued expenses 29,971 31,122
Accrued compensation 1,677 2,540
Tenant security deposits 3,074 2,489
Other liabilities: derivative liability   1,219
Acquired unfavorable real estate leases, less accumulated amortization of $5,644 and $4,870, respectively 12,785 8,310
Total liabilities 629,007 662,430
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, 100,187,405 and 82,937,405 shares issued and outstanding, respectively 10 8
Additional paid-in capital 1,273,585 1,042,876
Accumulated other comprehensive income (loss) 6,739 (1,219)
Accumulated distributions in excess of accumulated earnings (199,290) (176,916)
Total stockholders' equity 1,081,044 864,749
Total liabilities and stockholders' equity $ 1,710,051 $ 1,527,179