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Condensed Consolidated Statements of Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenue:        
Rental $ 46,322 $ 35,570 $ 89,469 $ 71,873
Related party revenue:        
Management fees and interest income from loans 1,643 3,045 3,265 5,661
Other 12 39 43 73
Total revenue 47,977 38,654 92,777 77,607
Expenses:        
Real estate operating expenses 11,116 8,604 21,886 17,301
Real estate taxes and insurance 7,311 5,493 13,908 11,189
Depreciation and amortization 17,124 13,003 33,111 26,074
Selling, general and administrative 3,204 2,236 5,736 4,313
Interest 4,174 4,037 8,382 7,714
Total expenses 42,929 33,373 83,023 66,591
Income before interest income, equity in earnings (losses) of non-consolidated REITs and taxes 5,048 5,281 9,754 11,016
Interest income 4 4 5 12
Equity in earnings (losses) of non-consolidated REITs (196) 494 (383) 885
Income before taxes on income 4,856 5,779 9,376 11,913
Taxes on income 115 77 234 156
Income from continuing operations 4,741 5,702 9,142 11,757
Discontinued operations:        
Loss from discontinued operations, net of income tax   (268)   (585)
Total discontinued operations   (268)   (585)
Net income $ 4,741 $ 5,434 $ 9,142 $ 11,172
Weighted average number of shares outstanding, basic and diluted (in shares) 91,847 82,937 87,417 82,937
Earnings per share, basic and diluted, attributable to:        
Continuing operations (in dollars per share) $ 0.05 $ 0.07 $ 0.10 $ 0.14
Discontinued operations (in dollars per share)       $ (0.01)
Net income per share, basic and diluted (in dollars per share) $ 0.05 $ 0.07 $ 0.10 $ 0.13