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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Land $ 138,404 $ 138,404
Buildings 172,478 172,146
Tenant improvements 14,911 14,483
Real estate investments at cost, gross 325,793 325,033
Less accumulated depreciation and amortization (35,194) (33,865)
Real estate investments at cost, net 290,599 291,168
Acquired lease intangibles, net 9,534 10,139
Investments in Advised Funds 8,302 8,322
Net real estate investments 308,435 309,629
Cash and cash equivalents 946 1,050
Tenant and accounts receivable, net 4,025 4,340
Accounts receivable - related party, net 837 645
Notes receivable, net 3,386 3,412
Notes receivable - related party, net 7,292 6,513
Deferred costs, net 3,036 2,887
Other assets 1,921 2,134
TOTAL ASSETS 329,878 330,610
LIABILITIES AND STOCKHOLDERS' EQUITY    
Notes payable 204,105 201,658
Accounts payable and other liabilities 5,875 8,007
Acquired below-market lease intangibles, net 1,943 2,021
TOTAL LIABILITIES 211,923 211,686
Stockholders' equity:    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued      
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 23,308,007 and 23,197,917 shares issued and outstanding as of March 31, 2012 and December 31, 2011, respectively 233 232
Capital in excess of par value 191,996 191,889
Accumulated distributions in excess of earnings (74,274) (73,197)
TOTAL STOCKHOLDERS' EQUITY 117,955 118,924
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 329,878 $ 330,610