XML 16 R1.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Real estate assets:    
Land $ 129,800 $ 121,720
Buildings and improvements 982,821 863,317
Fixtures and equipment 726 578
Total Real estate assets, gross 1,113,347 985,615
Less accumulated depreciation 137,216 122,917
Real estate assets, net 976,131 862,698
Acquired real estate leases, less accumulated amortization of $23,215 and $19,294, respectively 81,455 40,578
Investment in non-consolidated REITs 88,654 89,327
Assets held for syndication, net 11,206 2,976
Assets held for sale   74,947
Cash and cash equivalents 28,881 68,213
Restricted cash 459 420
Tenant rent receivables, less allowance for doubtful accounts of $1,235 and $1,600, respectively 1,846 1,922
Straight-line rent receivable, less allowance for doubtful accounts of $135 and $700, respectively 23,745 18,752
Prepaid expenses 1,255 1,654
Related party mortgage loan receivable 61,916 57,684
Other assets 5,760 685
Office computers and furniture, net of accumulated depreciation of $582 and $493, respectively 477 503
Deferred leasing commissions, net of accumulated amortization of $7,773 and $7,175, respectively 21,979 18,376
Total assets 1,303,764 1,238,735
Liabilities:    
Bank note payable 345,000 209,968
Term loan payable   74,850
Accounts payable and accrued expenses 21,431 22,435
Accrued compensation 1,070 1,803
Tenant security deposits 2,476 1,930
Other liabilities: derivative termination value 447 1,077
Acquired unfavorable real estate leases, less accumulated amortization of $3,082 and $2,744, respectively 6,950 5,114
Total liabilities 377,374 317,177
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, 81,437,405 and 81,437,405 shares issued and outstanding, respectively 8 8
Additional paid-in capital 1,025,491 1,025,491
Accumulated other comprehensive loss (447) (1,077)
Accumulated distributions in excess of accumulated earnings (98,662) (102,864)
Total stockholders' equity 926,390 921,558
Total liabilities and stockholders' equity $ 1,303,764 $ 1,238,735