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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 13,236 $ 2,174
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 56,796 41,846
Amortization of above market lease (277) 56
Provision for loss on property held for sale of $14,300 less applicable income tax   14,300
Equity in (earnings) losses of non-consolidated REITs 814 (1,061)
Distributions from non-consolidated REITs   1,246
Increase (decrease) in bad debt reserve (1,220) 105
Changes in operating assets and liabilities:    
Restricted cash (48) (53)
Tenant rent receivables, net (3,060) 173
Straight-line rents, net (3,920) (3,498)
Lease acquisition costs (820) (2,235)
Prepaid expenses and other assets, net (1,845) (1,278)
Accounts payable and accrued expenses 6,860 (25)
Accrued compensation (108) (28)
Tenant security deposits 1,402 273
Payment of deferred leasing commissions (7,532) (2,425)
Net cash provided by operating activities 60,278 49,570
Cash flows from investing activities:    
Purchase of real estate assets, office computers and furniture (468,893) (49,209)
Acquired real estate leases (100,143) (14,376)
Investments in non-consolidated REITs 4,858 (1)
Distributions in excess of earnings from non-consolidated REITs 81 1,487
Investment in related party mortgage loan receivable (4,950) (73,920)
Repayment of related party mortgage loan receivable   106,200
Net cash used in investing activities (569,047) (29,819)
Cash flows from financing activities:    
Proceeds from stock offering 241,500  
Offering costs (10,789)  
Distributions to stockholders (50,552) (47,274)
Borrowings under bank note payable 160,000 160,000
Repayment of bank note payable (45,250) (527,000)
Borrowing from term loan payable 220,000 400,000
Deferred financing costs (1,868) (5,328)
Net cash provided by (used in) financing activities 513,041 (19,602)
Net increase in cash and cash equivalents 4,272 149
Cash and cash equivalents, beginning of period 21,267 23,813
Cash and cash equivalents, end of period 25,539 23,962
Non-cash investing and financing activities:    
Accrued costs for purchase of real estate assets $ 3,617 $ 774