Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 3,352,000	$ (237,000)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization (including deferred financing costs, above/below market leases, debt premium/discount, leasehold interests, deferred rent, note receivable closing costs and discount, and lease inducements)	51,073,000	32,554,000
Stock based compensation, net of forfeitures	1,542,000	365,000
Bad debt expense	454,000	97,000
Change in fair value of derivative financial instruments	574,000	(4,643,000)
Changes in operating assets and liabilities:
Accounts and other receivables, net	2,798,000	(1,240,000)
Other assets	(2,129,000)	772,000
Accounts payable and accrued liabilities	2,594,000	7,947,000
Accounts payable due to affiliates, net		(3,769,000)
Security deposits, prepaid rent and other liabilities	528,000	(70,000)
Net cash provided by operating activities	60,786,000	31,776,000
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of real estate operating properties	(29,733,000)	(193,325,000)
Capital expenditures	(5,886,000)	(11,043,000)
Escrow deposits	(2,890,000)	(19,070,000)
Release of restricted cash	14,463,000
Real estate deposits		(2,984,000)
Real estate deposits paid	(2,000,000)
Real estate deposits used	3,500,000
Net cash used in investing activities	(22,546,000)	(226,422,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings on mortgage loans payable	125,500,000	45,875,000
Purchase of noncontrolling interest		(3,900,000)
Payments on unsecured revolving credit facility	(7,000,000)
Payments on mortgage loans payable	(163,907,000)	(27,726,000)
Proceeds from issuance of common stock	211,630,000	209,359,000
Deferred financing costs	(3,261,000)	(1,383,000)
Security deposits	231,000	539,000
Repurchase of common stock	(17,684,000)	(19,158,000)
Payment of offering costs	(17,627,000)	(23,784,000)
Distributions	(41,011,000)	(27,204,000)
Distributions to noncontrolling interest limited partner	(94,000)	(87,000)
Net cash provided by financing activities	86,777,000	152,531,000
NET CHANGE IN CASH AND CASH EQUIVALENTS	125,017,000	(42,115,000)
CASH AND CASH EQUIVALENTS - Beginning of period	29,270,000	219,001,000
CASH AND CASH EQUIVALENTS - End of period	154,287,000	176,886,000
Cash paid for:
Interest	23,310,000	14,659,000
Income taxes	576,000	217,000
Investing activities:
Accrued capital expenditures	2,325,000	4,452,000
The following represents significant activities in connection with our acquisitions of real estate investments:
Assumed mortgage loans payable, net	6,657,000	40,067,000
Net change in security deposits, prepaid rent, and other liabilities		12,227,000
Issuance of operating partnership units in connection with Fannin acquisition		1,557,000
Financing activities:
Issuance of common stock under the DRIP	37,143,000	26,066,000
Distributions declared but not paid including stock issued under the DRIP	13,642,000	9,585,000
Accrued offering costs		826,000
Adjustment to redeemable noncontrolling interests		$ (275,000)