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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net income $ 324 $ 433
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,390 8,279
Changes in fair value of financial instruments and gain on OP unit redemption (230) (462)
Income from equity in unconsolidated entities (39)  
Deferred rent receivable (877) (751)
Amortization of above- and below-market leases 40 (227)
Amortization of deferred balances 442 483
Bad debt expense 337 247
Share-based compensation expense 562 785
Change in assets and liabilities (net of the effect of acquisitions):    
Tenant and other receivables 1,565 365
Other assets (1,020) (1,074)
Accounts payable and other liabilities (2,885) 1,100
Net cash provided by operating activities 10,609 9,178
Cash flows from investing activities:    
Acquisitions of property (30,707) (61,031)
Development of property and property improvements (4,691) (3,076)
Investments in unconsolidated entities (106)  
Return of capital from unconsolidated entities 139  
Receipt of master lease payments 162  
Capitalized leasing costs (728) (789)
Proceeds from sale of equity securities   1,289
Restricted cash (687) (485)
Net cash used in investing activities (36,618) (64,092)
Cash flows from financing activities:    
Issuance of common stock 25,610  
Issuance of preferred stock   89,102
Preferred stock offering costs   (392)
Payments on mortgages payable (1,234) (1,066)
Proceeds from mortgages payable 84  
Payments on notes payable (24,000) (40,500)
Proceeds from notes payable 37,000 19,500
Payments of contingent consideration   (1,613)
Distribution to non-controlling interests (290) (327)
Preferred stock dividends (2,744) (875)
Common stock dividends (7,297) (4,847)
Deferred financing costs (58) (135)
Net cash provided by financing activities 27,071 58,847
Net increase 1,062 3,933
Cash and cash equivalents, beginning of period 5,596 5,292
Cash and cash equivalents, end of period 6,658 9,225
Supplemental cash flow information:    
Cash payments for interest, net of amounts capitalized of $0 and $110 3,891 2,945
Non-cash investing and financing activity:    
Acquisition of real estate for common shares and OP units   39,108
Assets received in connection with property acquisitions   772
Liabilities assumed in connection with property acquisitions 44 385
Common stock dividends payable 7,996 5,467
Preferred stock dividends payable 2,287 2,121
OP unit distributions payable 208 209
Accrued additions to operating and development properties 1,816 593
Change in unrealized loss on interest rate swaps 161 16
OP unit redemptions (common stock) 279  
Reclassification of offering costs $ 187