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Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues:    
Rental income from operating leases $ 11,074 $ 8,929
Advisory services income - related party 843 1,131
Total revenues 11,917 10,060
Expenses:    
General and administrative 1,951 1,484
Property expense 3,119 2,213
Legal and professional 252 221
Real estate commissions 52 86
Depreciation and amortization 3,299 2,227
Total expenses 8,673 6,231
Operating income 3,244 3,829
Other income (expense):    
Interest and other income 113 102
Interest and other income - related party 56 72
Gain on sale of interest in real estate assets 7,696  
Loss from Advised Funds (148) (36)
State income taxes (72) (76)
Interest expense (2,493) (2,634)
Net income $ 8,396 $ 1,257
Net income per share of common stock - basic and diluted $ 0.53 $ 0.11
Weighted average shares of common stock used to compute net income per share, basic and diluted 15,590 [1] 11,374 [1]
Distributions per share of common stock $ 0.20 $ 0.20
[1] Weighted average shares outstanding do not include unvested shares of restricted stock totaling 542 and 233 for the three months ended March 31, 2013, and 2012, respectively.