XML 24 R6.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements Of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 3,020$ 9,772
Adjustments to reconcile net income to net cash provided by operating activities:  
Proceeds from sale of real estate acquired for resale2,417886
Gain on sale of real estate acquired for resale(417)(5,549)
Gain on sale of real estate acquired for investment0(1,216)
Gain on debt extinguishment0(5,374)
Impairment - properties03,487
Impairment - notes receivable0500
Bad debt expense (recoveries)(336)795
Loss from advised funds and other affiliates3241,071
Cash receipts (deferrals) for related party fees6(170)
Depreciation and amortization6,0845,048
Amortization of above/below market rent(115)(142)
Amortization of loan premium and financing cost344332
Amortization of deferred compensation418316
Distributions from advised funds and other affiliates011
Decrease (increase) in tenant receivables450(354)
Decrease in accounts receivable1,067188
Increase in accounts receivable - related party(225)(157)
Cash receipts from direct financing leases more than income recognized0237
Increase in other assets(1,558)(530)
Increase (decrease) in accounts payable and other liabilities1,123(1,011)
Increase (decrease) in security deposits(30)5
Net cash provided by operating activities12,5728,145
Cash flows from investing activities:  
Improvements to real estate, including leasing costs(1,588)(1,522)
Net cash paid for acquisition of investment properties(21,594)0
Loans to affiliates(1,324)(1,977)
Payments from affiliates1,0001,550
Additions to furniture, fixtures and equipment(42)(38)
Investments in advised funds and other affiliates(42)(94)
Distributions from advised funds and other affiliates16555
Proceeds from sale of real estate acquired for resale014,053
Cash deposited with a qualified intermediary0(12,804)
Cash received from qualified intermediary9,3700
Proceeds from sale of investment property04,608
Net cash provided by (used in) investing activities(14,204)4,331
Cash flows from financing activities:  
Proceeds from notes payable31,22520,600
Payments of notes payable(21,937)(21,103)
Payments for financing costs(37)(382)
Purchase of treasury stock0(22)
Issuance of shares of common stock0(22)
Common dividends paid(6,958)(8,073)
Distributions to noncontrolling interests0(438)
Net cash provided by (used in) financing activities2,293(9,440)
Net increase in cash and cash equivalents6613,036
Cash and cash equivalents, beginning of period6551,067
Cash and cash equivalents, end of period1,3164,103
Supplemental schedule of cash flow information:  
Interest6,7157,812
Taxes562362
Supplemental schedule of non-cash investing and financing activities:  
Land(11,759)0
Buildings(31,533)0
Tenant improvements(914)0
Acquired lease intangibles, net(5,579)0
Notes payable28,5100
Accounts receivable - related party(60)0
Deferred costs(182)0
Other assets(382)0
Accounts payable and other liabilities1850
Security deposits1200
Net cash paid for acquisition of investment properties$ (21,594)$ 0