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Condensed Consolidated Statements of Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenue:        
Rental $ 38,251 $ 33,398 $ 110,124 $ 97,494
Related party revenue:        
Management fees and interest income from loans 3,485 1,037 9,146 2,995
Other 39 7 112 20
Total revenue 41,775 34,442 119,382 100,509
Expenses:        
Real estate operating expenses 9,639 8,889 26,940 25,590
Real estate taxes and insurance 5,764 4,950 16,952 14,757
Depreciation and amortization 13,572 12,183 39,647 34,671
Selling, general and administrative 3,141 1,654 7,454 4,901
Interest 4,187 3,419 11,901 9,405
Total expenses 36,303 31,095 102,894 89,324
Income before interest income, equity in earnings of non-consolidated REITs and taxes 5,472 3,347 16,488 11,185
Interest income 5 3 17 19
Equity in earnings of non-consolidated REITs 176 573 1,061 2,707
Income before taxes on income 5,653 3,923 17,566 13,911
Taxes on income 80 67 236 185
Income from continuing operations 5,573 3,856 17,330 13,726
Discontinued operations:        
Income (loss) from discontinued operations, net of income tax (271) (542) (856) 2,797
Gain on sale of properties and provision for loss on property held for sale of $14,300 less applicable income tax (14,300)   (14,300) 21,939
Total discontinued operations (14,571) (542) (15,156) 24,736
Net income (loss) $ (8,998) $ 3,314 $ 2,174 $ 38,462
Weighted average number of shares outstanding, basic (in shares) 82,937 81,600 82,937 81,492
Weighted average number of shares outstanding, diluted (in shares) 82,937 81,600 82,937 81,492
Earnings (loss) per share, basic and diluted, attributable to:        
Continuing operations (in dollars per share) $ 0.07 $ 0.05 $ 0.21 $ 0.17
Discontinued operations (in dollars per share) $ (0.18) $ (0.01) $ (0.18) $ 0.30
Net income per share, basic and diluted (in dollars per share) $ (0.11) $ 0.04 $ 0.03 $ 0.47