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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Real estate properties:    
Land $ 224,674 $ 224,674
Buildings and improvements 1,130,610 1,129,994
Total real estate properties, at cost, gross 1,355,284 1,354,668
Accumulated depreciation (164,193) (156,618)
Total real estate properties, at cost, net 1,191,091 1,198,050
Acquired real estate leases, net 112,178 117,596
Cash and cash equivalents 9,275 3,272
Restricted cash 2,201 1,736
Rents receivable, net 26,472 29,000
Deferred leasing costs, net 3,073 3,074
Deferred financing costs, net 7,075 5,550
Other assets, net 11,882 10,297
Total assets 1,363,247 1,368,575
LIABILITIES AND SHAREHOLDERS' EQUITY    
Unsecured revolving credit facility   345,500
Unsecured term loan 350,000  
Mortgage notes payable 94,826 95,383
Accounts payable and accrued expenses 18,438 20,691
Due to related persons 3,596 4,071
Assumed real estate lease obligations, net 10,482 11,262
Total liabilities 477,342 476,907
Commitments and contingencies      
Shareholders' equity:    
Common shares of beneficial interest, $.01 par value: 70,000,000 shares authorized, 47,090,791 and 47,051,650 shares issued and outstanding, respectively 471 471
Additional paid in capital 936,379 935,438
Cumulative net income 100,392 87,333
Cumulative other comprehensive income 76 77
Cumulative common distributions (151,413) (131,651)
Total shareholders' equity 885,905 891,668
Total liabilities and shareholders' equity $ 1,363,247 $ 1,368,575