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Condensed Consolidated Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (16,437,000) $ (14,434,000)
Adjustments to Reconcile Net Loss to Net Cash Flows Provided by Operating Activities:    
Equity in Income of Unconsolidated Entities (2,556,000) (4,160,000)
Distributions from Unconsolidated Entities 30,503,000 17,200,000
Gain on Interest Rate Swaps (380,000) (177,000)
Loss (Gain) on Note Payable at Fair Value 85,000 (41,000)
Loss on Early Extinguishment of Debt 1,191,000 0
Net Realized Loss on Sale of Real Property 415,000 (301,000)
Depreciation and Amortization of Building and Improvements 32,707,000 26,524,000
Amortization of Deferred Financing Costs 1,433,000 1,426,000
Amortization of Acquired In-Place Lease Value 21,544,000 17,055,000
Amortization of Above and Below Market Leases 1,311,000 1,487,000
Amortization of Lease Commissions 499,000 322,000
Amortization of Discount (Premium) on Notes Payable (993,000) (219,000)
Share Based Compensation 215,000 28,000
Changes in Assets and Liabilities:    
Accounts and Other Receivables (3,825,000) (604,000)
Deferred Rent (5,473,000) (7,270,000)
Other Assets (2,011,000) 7,000
Accounts Payable, Accrued Expenses and Prepaid Rent 27,546,000 5,752,000
Investment and Property Management Fees Payable to Related Party 197,000 665,000
Net Cash Flows Provided By Operating Activities 85,971,000 43,260,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of Real Property (127,300,000) (152,943,000)
Proceeds from Sale of Real Property 2,885,000 23,596,000
Investments in Unconsolidated Entities (12,793,000) (79,073,000)
Distributions from Unconsolidated Entities 32,468,000 0
Restricted Cash (1,868,000) (3,951,000)
Lease Commissions (1,194,000) (2,134,000)
Improvements to Investments in Real Estate (39,274,000) (8,222,000)
Net Cash Flows Used in Investing Activities (147,076,000) (222,727,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from Common Shares-Public Offering 172,000 433,000
Proceeds from Additional Paid-in-Capital-Public Offering 171,086,000 432,455,000
Redemption of Common Shares (35,888,000) (25,477,000)
Payment of Offering Costs (20,444,000) (47,420,000)
Payment of Distributions (58,373,000) (43,561,000)
Distribution to Non-Controlling Interest Operating-Partnership Units (111,000) (111,000)
Contribution from Non-Controlling Interest-Variable Interest Entity 140,000 0
Borrowing on Loan Payable 0 50,000,000
Principal Payment on Loan Payable (25,000,000) (85,000,000)
Proceeds from Notes Payable 0 81,700,000
Principal Payments on Notes Payable (11,058,000) (50,324,000)
Deferred Financing Costs (6,394,000) (2,188,000)
Security Deposits 259,000 (206,000)
Net Cash Flows Provided by Financing Activities 14,389,000 310,301,000
EFFECT OF FOREIGN CURRENCY TRANSLATION (153,000) (253,000)
Net (Decrease) Increase in Cash and Cash Equivalents (46,868,000) 130,581,000
Cash and Cash Equivalents, Beginning of the Period 238,277,000 48,218,000
Cash and Cash Equivalents, End of the Period 191,409,000 178,799,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash Paid During the Period for Interest 24,714,000 22,577,000
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Distributions Declared and Payable 37,374,000 29,911,000
Proceeds from Dividend Reinvestment Program 48,505,000 32,924,000
Application of Deposit to Investment in Unconsolidated Entities 0 7,500,000
Application of Deposit to Investment in Real Estate 0 12,500,000
Accrued Acquisition Cost Related to Real Property 0 100,000
Duke joint venture Contribution/Distribution-Amazon Expansion 921,000 19,605,000
Notes Payable Assumed on Acquisitions of Real Estate 0 238,419,000
Share Awards Increase in Additional Paid-In-Capital 215,000 28,000
Accrued Offering Cost 0 1,555,000
Accounts Payable and Accrued Expenses-Construction in Progress $ 12,763,000 $ 0