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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Rental income $ 65,636,000 $ 44,873,000 $ 134,049,000 $ 87,182,000
Interest income from mortgage notes receivable and other income 1,648,000 1,649,000 3,297,000 4,288,000
Total revenues 67,284,000 46,522,000 137,346,000 91,470,000
Expenses:        
Rental expenses 21,629,000 16,000,000 45,401,000 30,585,000
General and administrative 6,755,000 3,070,000 14,063,000 6,675,000
Acquisition-related expenses (Note 3) 361,000 2,602,000 1,423,000 5,826,000
Depreciation and amortization 26,701,000 18,296,000 53,451,000 35,302,000
Total expenses 55,446,000 39,968,000 114,338,000 78,388,000
Income before other income (expense) 11,838,000 6,554,000 23,008,000 13,082,000
Interest expense (including amortization of deferred financing costs and debt premium/discount):        
Interest expense related to mortgage loans payable, credit facility, and derivative financial instruments (10,319,000) (8,815,000) (20,665,000) (17,691,000)
Net (loss) gain on change in fair value of derivative financial instruments (1,078,000) 2,095,000 (574,000) 3,656,000
Interest and dividend income 26,000 34,000 144,000 50,000
Income (loss) from continuing operations 467,000 (132,000) 1,913,000 (903,000)
Discontinued operations:        
Income from discontinued operations 695,000 377,000 1,439,000 666,000
Net income (loss) 1,162,000 245,000 3,352,000 (237,000)
Less: Net (income) loss attributable to noncontrolling interest of limited partners 9,000 (1,000) (31,000) (65,000)
Net income (loss) attributable to controlling interest $ 1,171,000 $ 244,000 $ 3,321,000 $ (302,000)
Net income (loss) per share attributable to controlling interest on distributed and undistributed earnings - basic and diluted:        
Continuing operations $ 0.01 $ 0 $ 0.01 $ 0
Discontinued operations $ 0 $ 0 $ 0 $ 0
Net income (loss) per share attributable to controlling interest $ 0.01 $ 0 $ 0.01 $ 0
Weighted average number of shares outstanding --        
Basic 228,340,776 154,594,418 221,606,526 149,990,622
Diluted 228,800,828 154,815,137 222,066,578 149,990,622