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Consolidated Statements Of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
OPERATING ACTIVITIES    
Net income $ 18,702,000 $ 8,338,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment charges/(reversals) 1,688,000 (1,100,000)
Gain on extinguishment of debt obligations (1,423,000) (1,298,000)
Gain on sales (11,773,000) (346,000)
Straight-line rents (479,000) (894,000)
Provision for doubtful accounts 1,088,000 986,000
Depreciation and amortization 19,141,000 19,585,000
Amortization of intangible lease liabilities (2,248,000) (2,293,000)
Expense relating to share-based compensation, net 1,611,000 1,548,000
Amortization (including accelerated write-off) of deferred financing costs 1,255,000 1,326,000
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Rents and other receivables, net (2,930,000) (1,705,000)
Prepaid expenses and other 1,351,000 1,317,000
Accounts payable and accrued liabilities (3,075,000) (1,288,000)
Net cash provided by operating activities 22,908,000 24,176,000
INVESTING ACTIVITIES    
Acquisitions of real estate (38,861,000)  
Expenditures for real estate and improvements (5,395,000) (9,920,000)
Net proceeds from sales of real estate 62,061,000 17,381,000
Repayment of note receivable   1,100,000
Construction escrows and other 905,000 2,074,000
Net cash provided by investing activities 18,710,000 10,635,000
FINANCING ACTIVITIES    
Repayments under revolving credit facility (188,000,000) (82,500,000)
Advances under revolving credit facility 111,000,000 84,500,000
Advances under term loans 150,000,000  
Mortgage repayments (138,620,000) (49,689,000)
Payments of debt financing costs (1,307,000) (51,000)
Noncontrolling interests:    
Distributions to consolidated joint venture minority interests (660,000)  
Distributions to limited partners (46,000) (28,000)
Common stock sales and issuance expenses, net 41,203,000 3,000
Net proceeds from sales of preferred stock   59,849,000
Redemption of preferred stock   (34,992,000)
Preferred stock dividends (7,204,000) (7,225,000)
Distributions to common shareholders (7,920,000) (7,205,000)
Net cash (used in) financing activities (41,554,000) (37,338,000)
Net increase (decrease) in cash and cash equivalents 64,000 (2,527,000)
Cash and cash equivalents at beginning of period 3,973,000 7,522,000
Cash and cash equivalents at end of period $ 4,037,000 $ 4,995,000