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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Real estate properties:    
Land $ 243,611 $ 223,559
Buildings and improvements 1,279,343 1,120,022
Total real estate properties, at cost, gross 1,522,954 1,343,581
Accumulated depreciation (175,052) (156,274)
Total real estate properties, at cost, net 1,347,902 1,187,307
Net assets of discontinued operations 10,278 11,367
Acquired real estate leases, net 144,401 117,173
Cash and cash equivalents 5,255 3,272
Restricted cash 1,553 1,736
Rents receivable, net 28,997 28,820
Deferred leasing costs, net 7,661 3,074
Deferred financing costs, net 5,718 5,550
Other assets, net 10,369 10,276
Total assets 1,562,134 1,368,575
LIABILITIES AND SHAREHOLDERS' EQUITY    
Unsecured revolving credit facility 49,500 345,500
Unsecured term loan 350,000  
Mortgage notes payable 93,127 95,383
Net liabilities of discontinued operations 102 443
Accounts payable and accrued expenses 19,106 20,527
Due to related persons 3,719 4,071
Assumed real estate lease obligations, net 19,129 10,983
Total liabilities 534,683 476,907
Commitments and contingencies      
Shareholders' equity:    
Common shares of beneficial interest, $.01 par value: 70,000,000 shares authorized, 54,643,888 and 47,051,650 shares issued and outstanding, respectively 547 471
Additional paid in capital 1,103,982 935,438
Cumulative net income 137,293 87,333
Cumulative other comprehensive income 99 77
Cumulative common distributions (214,470) (131,651)
Total shareholders' equity 1,027,451 891,668
Total liabilities and shareholders' equity $ 1,562,134 $ 1,368,575