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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Real estate investments, at cost:    
Land $ 425,814 $ 425,814
Buildings, fixtures and improvements 990,466 989,145
Acquired intangible lease assets 127,004 127,846
Total real estate investments, at cost 1,543,284 1,542,805
Less accumulated depreciation and amortization (61,958) (41,183)
Total real estate investments, net 1,481,326 1,501,622
Cash and cash equivalents 237,022 233,377
Restricted cash 1,720 1,122
Investment securities, at fair value 1,172 1,048
Investments in unconsolidated joint ventures 229,127 234,774
Preferred equity investment 30,000 30,000
Derivatives, at fair value 429 490
Receivable for sale of common stock 0 11,127
Prepaid expenses and other assets 24,367 21,404
Deferred costs, net 14,900 13,341
Total assets 2,020,063 2,048,305
LIABILITIES AND EQUITY    
Mortgage notes payable 172,599 172,716
Credit facility 305,000 305,000
Market lease liabilities, net 69,897 73,029
Derivatives, at fair value 940 875
Accounts payable and accrued expenses 26,708 30,703
Deferred rent and other liabilities 6,747 7,997
Distributions payable 9,029 8,726
Total liabilities 590,920 599,046
Common stock, $0.01 par value; 300,000,000 shares authorized, 175,614,861 and 174,120,408 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively 1,756 1,741
Additional paid-in capital 1,547,889 1,533,698
Accumulated other comprehensive loss (615) (613)
Accumulated deficit (120,329) (86,008)
Total stockholders' equity 1,428,701 1,448,818
Non-controlling interests 442 441
Total equity 1,429,143 1,449,259
Total liabilities and equity 2,020,063 2,048,305
Preferred Shares
   
LIABILITIES AND EQUITY    
Preferred stock 0 0
Convertible Preferred Stock
   
LIABILITIES AND EQUITY    
Preferred stock $ 0 $ 0