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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Investments in Real Estate:    
Land $ 358,146 $ 338,401
Site Improvements 164,721 150,936
Buildings and Improvements 1,017,471 938,640
Tenant Improvements 77,425 74,896
Gross investments in Real Estate 1,617,763 1,502,873
Less: Accumulated Depreciation and Amortization (120,769) (88,147)
Net Investments in Real Estate 1,496,994 1,414,726
Investments in Unconsolidated Entities 487,996 537,631
Construction In Progress and Other Assets-Variable Interest Entity 66,354 17,233
Cash and Cash Equivalents 191,409 238,277
Restricted Cash 9,483 7,216
Accounts and Other Receivables, Net of Allowance of $656 and $821, respectively 8,861 5,036
Deferred Rent 23,192 17,719
Acquired Above-Market Leases, Net of Accumulated Amortization of $21,344 and $15,729, respectively 28,978 31,415
Acquired In-Place Lease Value, Net of Accumulated Amortization of $82,617 and $60,861, respectively 150,070 158,655
Deferred Financing Costs, Net of Accumulated Amortization $7,020 and $4,189, respectively 10,695 7,294
Lease Commissions, Net of Accumulated Amortization of $1,490 and $990, respectively 4,220 3,522
Other Assets 3,359 1,976
Total Assets 2,481,611 2,440,700
LIABILITIES    
Notes Payable, Less Discount of $2,297 and $2,838, plus premium of $8,061 and $9,595, respectively 619,275 630,146
Note Payable at Fair Value 9,208 8,775
Loan Payable 0 25,000
Security Deposits 1,000 741
Accounts Payable and Accrued Expenses 29,590 20,128
Accounts Payable, Accrued Expenses and Prepaid Rent-Variable Interest Entity 33,683 3,305
Accrued Offering Costs Payable to Related Parties 0 1,974
Acquired Below-Market Leases, Net of Accumulated Amortization of $18,226 and $13,876, respectively 24,857 29,148
Above-Market Ground Lease Obligations, Net of Accumulated Amortization $71 and $18, respectively 1,429 1,483
Property Management Fee Payable to Related Party 310 190
Investment Management Fee Payable to Related Party 2,045 1,968
Distributions Payable 37,374 32,785
Interest Rate Swaps at Fair Value-Non-Qualifying Hedges 606 958
Interest Rate Swaps at Fair Value-Qualifying Hedges 14,002 12,340
Total Liabilities 773,379 768,941
COMMITMENTS AND CONTINGENCIES (NOTE 18) NON-CONTROLLING INTERESTS      
Operating Partnership Units 2,464 2,464
Class B Interest 200 0
Non-Controlling Interest-Variable Interest Entity 826 686
Total Liabilities, Non-Controlling Interests and Shareholders' Equity 2,481,611 2,440,700
Common Shares of Beneficial Interest, $0.01 par value, 990,000,000 shares authorized; 249,390,337 and 230,955,633 issued and outstanding as of September 30, 2012 and December 31, 2011, respectively 2,494 2,309
Additional Paid-in-Capital 2,203,812 2,038,566
Accumulated Deficit (476,498) (348,602)
Accumulated Other Comprehensive Loss (25,066) (23,664)
Total Shareholders' Equity $ 1,704,742 $ 1,668,609