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CONDENSED CONSOLIDATED STATEMENT OF EQUITY (USD $)
In Thousands, except Share data
Total
Common Stock Subject to Mandatory Redemption
Preferred Stock
7.00% Series A cumulative convertible perpetual preferred stock
8.125% Series B cumulative redeemable preferred stock
8.125% Series B cumulative redeemable preferred stock
Preferred Stock
Common Stock
Common Stock
Common Stock Subject to Mandatory Redemption
Additional Paid-in Capital
Additional Paid-in Capital
Common Stock Subject to Mandatory Redemption
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Stockholders' Equity, Total
Stockholders' Equity, Total
Common Stock Subject to Mandatory Redemption
Stockholders' Equity, Total
Preferred Stock
Noncontrolling Interest
Noncontrolling Interest
Common Stock Subject to Mandatory Redemption
Balance at Dec. 31, 2011 $ 380,986     $ 47,703     $ 302   $ 319,875   $ (3,277) $ (811) $ 363,792     $ 17,194  
Balance (in shares) at Dec. 31, 2011             30,289,813                    
Net proceeds from sale of stock     88,710     88,710                 88,710    
Issuance of restricted common stock awards             5,000                    
Issuance of common stock for acquisition (in shares)             3,230,769                    
Redemption of OP units for common stock and cash (in shares)               115,919                  
Issuance of common stock for acquisition 39,108           32   39,076       39,108        
Redemption of OP units for common stock and cash   (70)           1   1,369       1,370     (1,440)
Noncash amortization of share-based compensation 785               785       785        
Common stock dividends (5,467)               (5,467)       (5,467)        
Distributions to non-controlling interests (310)                             (310)  
Net income 433                   438   438     (5)  
Preferred stock dividends (2,121)               (2,121)       (2,121)        
Change in unrealized gain on investment in equity securities 21                     20 20     1  
Change in unrealized loss on interest rate swaps (16)                     (16) (16)        
Adjustment for non-controlling interests                 (456)       (456)     456  
Balance at Mar. 31, 2012 502,059     47,703 88,710   335   353,061   (2,839) (807) 486,163     15,896  
Balance (in shares) at Mar. 31, 2012             33,641,501                    
Balance at Dec. 31, 2012 608,772     47,703 88,720   448   459,151   (1,414) (572) 594,036     14,736  
Balance (in shares) at Dec. 31, 2012             44,905,683                    
Net proceeds from sale of stock (in shares) 2,063,828           2,063,828                    
Net proceeds from sale of stock 25,423           20   25,403       25,423        
Issuance of restricted common stock awards             41,500                    
Redemption of OP units for common stock and cash (in shares)               22,074                  
Redemption of OP units for common stock and cash   44               279       279     (235)
Noncash amortization of share-based compensation 562               562       562        
Common stock dividends (7,996)               (7,996)       (7,996)        
Distributions to non-controlling interests (309)                             (309)  
Net income 324                   296   296     28  
Preferred stock dividends (2,744)               (2,744)       (2,744)        
Change in unrealized loss on interest rate swaps 161                     157 157     4  
Adjustment for non-controlling interests                 (334)       (334)     334  
Balance at Mar. 31, 2013 $ 624,237     $ 47,703 $ 88,720   $ 468   $ 474,321   $ (1,118) $ (415) $ 609,679     $ 14,558  
Balance (in shares) at Mar. 31, 2013             47,033,085