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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Real estate assets:    
Land $ 144,336 $ 144,336
Buildings and improvements 1,180,959 1,178,144
Fixtures and equipment 904 904
Total real estate assets, gross 1,326,199 1,323,384
Less accumulated depreciation 189,995 180,756
Real estate assets, net 1,136,204 1,142,628
Acquired real estate leases, less accumulated amortization of $45,700 and $40,062, respectively 105,882 111,982
Investment in non-consolidated REITs 81,746 81,960
Cash and cash equivalents 17,282 21,267
Restricted cash 583 575
Tenant rent receivables, less allowance for doubtful accounts of $110 and $1,300, respectively 2,357 1,749
Straight-line rent receivable, less allowance for doubtful accounts of $135 and $135, respectively 36,287 35,441
Prepaid expenses 2,438 1,106
Related party mortgage loan receivables 96,896 93,896
Other assets 7,574 12,655
Office computers and furniture, net of accumulated depreciation of $626 and $584, respectively 533 544
Deferred leasing commissions, net of accumulated amortization of $12,607 and $11,812, respectively 24,920 23,376
Total assets 1,512,702 1,527,179
Liabilities:    
Bank note payable 221,750 216,750
Term loan payable 400,000 400,000
Accounts payable and accrued expenses 25,493 31,122
Accrued compensation 540 2,540
Tenant security deposits 2,474 2,489
Other liabilities: derivative liability 778 1,219
Acquired unfavorable real estate leases, less accumulated amortization of $5,246 and $4,870, respectively 7,834 8,310
Total liabilities 658,869 662,430
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, 82,937,405 and 82,937,405 shares issued and outstanding, respectively 8 8
Additional paid-in capital 1,042,876 1,042,876
Accumulated other comprehensive loss (778) (1,219)
Accumulated distributions in excess of accumulated earnings (188,273) (176,916)
Total stockholders' equity 853,833 864,749
Total liabilities and stockholders' equity $ 1,512,702 $ 1,527,179