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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income $ 9,142 $ 11,172
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 33,968 27,495
Amortization of above market lease (82) 20
Equity in (earnings) losses of non-consolidated REITs 383 (885)
Distributions from non-consolidated REITs   993
Increase (decrease) in bad debt reserve (1,190) 65
Changes in operating assets and liabilities:    
Restricted cash (27) (40)
Tenant rent receivables, net 608 (8)
Straight-line rents, net (1,842) (2,571)
Lease acquisition costs (669) (2,026)
Prepaid expenses and other assets, net (870) (1,512)
Accounts payable and accrued expenses (1,244) (1,395)
Accrued compensation (863) (1,278)
Tenant security deposits 585 105
Payment of deferred leasing commissions (3,711) (1,513)
Net cash provided by operating activities 34,188 28,622
Cash flows from investing activities:    
Purchase of real estate assets, office computers and furniture (164,189) (7,112)
Acquired real estate leases (28,105)  
Investments in non-consolidated REITs 4,752 (1)
Distributions in excess of earnings from non-consolidated REITs 54 834
Investment in related party mortgage loan receivable (3,950) (37,020)
Changes in deposits on real estate assets (3,000)  
Net cash used in investing activities (194,438) (43,299)
Cash flows from financing activities:    
Proceeds from stock offering 241,500  
Offering costs (10,789)  
Distributions to stockholders (31,516) (31,516)
Borrowings (repayments) under bank note payable (35,250) 45,000
Net cash provided by financing activities 163,945 13,484
Net increase (decrease) in cash and cash equivalents 3,695 (1,193)
Cash and cash equivalents, beginning of period 21,267 23,813
Cash and cash equivalents, end of period 24,962 22,620
Non-cash investing and financing activities:    
Accrued costs for purchase of real estate assets $ 1,785 $ 1,090