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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 35,148 $ 11,516
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 23,670 18,597
Amortization of above market lease (62) 1,147
Gain on sale of real estate assets (21,939)  
Equity in earnings of non-consolidated REITs (2,844) (633)
Distributions from non-consolidated REITs 2,982 2,731
Increase (decrease) in bad debt reserve (365) 480
Changes in operating assets and liabilities:    
Restricted cash (39) 275
Tenant rent receivables, net 441 402
Straight-line rents, net (5,176) (1,759)
Prepaid expenses and other assets, net 914 (224)
Accounts payable and accrued expenses (726) (4,139)
Accrued compensation (733) (376)
Tenant security deposits 546 196
Payment of deferred leasing commissions (5,386) (7,085)
Net cash provided by operating activities 26,431 21,128
Cash flows from investing activities:    
Purchase of real estate assets, office computers and furniture (128,054) (45,848)
Acquired real estate leases (45,032)  
Investments in non-consolidated REITs (10)  
Investment in related party mortgage loan receivable (4,232) (9,735)
Changes in deposits on real estate assets 200  
Investment in assets held for syndication, net (8,200) 4,858
Proceeds received on sales of real estate assets 96,790  
Net cash used in investing activities (88,538) (50,725)
Cash flows from financing activities:    
Distributions to stockholders (30,946) (30,279)
Equity offering costs (90) (1)
Borrowings under bank note payable 345,000 53,960
Repayment of bank note payable (209,968)  
Repayment of term loan payable (74,850)  
Deferred financing costs (5,389)  
Swap termination payment (982)  
Net cash provided by (used in) financing activities 22,775 23,680
Net decrease in cash and cash equivalents (39,332) (5,917)
Cash and cash equivalents, beginning of period 68,213 27,404
Cash and cash equivalents, end of period 28,881 21,487
Non-cash investing and financing activities:    
Accrued costs for purchase of real estate assets $ 657 $ 1,054