XML 19 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Real estate properties:    
Land $ 243,584 $ 244,655
Buildings and improvements 1,281,140 1,288,813
Total real estate properties, at cost, gross 1,524,724 1,533,468
Accumulated depreciation (182,967) (175,482)
Total real estate properties, at cost, net 1,341,757 1,357,986
Acquired real estate leases, net 138,273 144,484
Cash and cash equivalents 3,586 5,255
Restricted cash 2,164 1,553
Rents receivable, net 31,011 29,099
Deferred leasing costs, net 8,301 7,661
Deferred financing costs, net 5,271 5,718
Due from related persons 286  
Other assets, net 9,321 10,378
Total assets 1,539,970 1,562,134
LIABILITIES AND SHAREHOLDERS' EQUITY    
Unsecured revolving credit facility 27,500 49,500
Unsecured term loan 350,000 350,000
Mortgage notes payable 92,526 93,127
Accounts payable and accrued expenses 19,820 19,208
Due to related persons 2,741 3,719
Assumed real estate lease obligations, net 18,196 19,129
Total liabilities 510,783 534,683
Commitments and contingencies      
Shareholders' equity:    
Common shares of beneficial interest, $.01 par value: 70,000,000 shares authorized, 54,664,118 and 54,643,888 shares issued and outstanding, respectively 547 547
Additional paid in capital 1,104,497 1,103,982
Cumulative net income 162,019 137,293
Cumulative other comprehensive income 91 99
Cumulative common distributions (237,967) (214,470)
Total shareholders' equity 1,029,187 1,027,451
Total liabilities and shareholders' equity $ 1,539,970 $ 1,562,134