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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Real estate properties:    
Land $ 243,686 $ 234,395
Buildings and improvements 1,324,876 1,233,468
Total real estate properties, at cost, gross 1,568,562 1,467,863
Accumulated depreciation (187,635) (156,661)
Total real estate properties, at cost, net 1,380,927 1,311,202
Assets of discontinued operations 25,997 47,142
Acquired real estate leases, net 142,266 144,402
Cash and cash equivalents 7,663 5,255
Restricted cash 1,689 1,553
Rents receivable, net 33,350 28,882
Deferred leasing costs, net 11,618 7,620
Deferred financing costs, net 3,911 5,718
Other assets, net 25,031 10,360
Total assets 1,632,452 1,562,134
LIABILITIES AND SHAREHOLDERS' EQUITY    
Unsecured revolving credit facility 157,000 49,500
Unsecured term loan 350,000 350,000
Mortgage notes payable 90,727 93,127
Liabilities of discontinued operations 276 298
Accounts payable and accrued expenses 23,216 18,910
Due to related persons 2,474 3,719
Assumed real estate lease obligations, net 19,084 19,129
Total liabilities 642,777 534,683
Commitments and contingencies      
Shareholders' equity:    
Common shares of beneficial interest, $.01 par value: 70,000,000 shares authorized, 54,722,018 and 54,643,888 shares issued and outstanding, respectively 547 547
Additional paid in capital 1,105,679 1,103,982
Cumulative net income 191,913 137,293
Cumulative other comprehensive income 49 99
Cumulative common distributions (308,513) (214,470)
Total shareholders' equity 989,675 1,027,451
Total liabilities and shareholders' equity $ 1,632,452 $ 1,562,134