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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 7,286 $ 9,142
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 48,854 33,968
Amortization of above market lease 63 (82)
Equity in losses of non-consolidated REITs 1,036 383
Increase (decrease) in bad debt reserve 125 (1,190)
Changes in operating assets and liabilities:    
Restricted cash (85) (27)
Tenant rent receivables 2,110 608
Straight-line rents (3,323) (1,842)
Lease acquisition costs (437) (669)
Prepaid expenses and other assets 503 (870)
Accounts payable, accrued expenses and other items (8,405) (1,244)
Accrued compensation (933) (863)
Tenant security deposits 232 585
Payment of deferred leasing commissions (3,908) (3,711)
Net cash provided by operating activities 43,118 34,188
Cash flows from investing activities:    
Purchase of real estate assets, office computers and furniture (7,578) (164,189)
Acquired real estate leases   (28,105)
Investment in non-consolidated REITs   4,752
Distributions in excess of earnings from non-consolidated REITs 54 54
Repayment of related party mortgage loan receivable 13,880  
Investment in related party mortgage loan receivable (2,570) (3,950)
Changes in deposits on real estate assets   (3,000)
Net cash provided by (used in) investing activities 3,786 (194,438)
Cash flows from financing activities:    
Proceeds from stock offering   241,500
Offering costs   (10,789)
Distributions to stockholders (38,072) (31,516)
Repayments of bank note payable (20,000) (45,250)
Borrowings under bank note payable 10,000 10,000
Net cash provided by (used in) financing activities (48,072) 163,945
Net increase (decrease) in cash and cash equivalents (1,168) 3,695
Cash and cash equivalents, beginning of year 19,623 21,267
Cash and cash equivalents, end of period 18,455 24,962
Non-cash investing and financing activities:    
Accrued costs for purchase of real estate assets $ 2,428 $ 1,785