XML 48 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Rental Property:    
Land $ 134,399 $ 104,656
Buildings 871,422 654,518
Tenant improvements 36,994 34,900
Building and land improvements 36,231 22,153
Less: accumulated depreciation (71,653) (46,175)
Total rental property, net 1,007,393 770,052
Cash and cash equivalents 6,690 19,006
Restricted cash 6,806 5,497
Tenant accounts receivable, net 13,790 9,351
Prepaid expenses and other assets 2,594 1,556
Interest rate swaps 3,924  
Deferred financing fees, net 5,467 4,704
Leasing commissions, net 3,542 1,674
Goodwill 4,923 4,923
Due from related parties 185 806
Deferred leasing intangibles, net 214,967 187,555
Total assets 1,270,281 1,005,124
Liabilities:    
Mortgage notes payable 225,591 229,915
Unsecured credit facility 80,500 99,300
Unsecured term loans 250,000 150,000
Accounts payable, accrued expenses and other liabilities 18,574 12,111
Interest rate swaps   480
Tenant prepaid rent and security deposits 8,972 5,686
Dividends and distributions payable 5,166 11,301
Total liabilities 595,717 515,664
Commitments and contingencies      
Equity:    
Common stock, par value $0.01 per share, 100,000,000 shares authorized, 44,764,377 and 35,698,582 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively 447 357
Additional paid-in capital 577,039 419,643
Common stock dividends in excess of earnings (116,877) (61,024)
Accumulated other comprehensive income (loss) 3,440 (371)
Total stockholders' equity 603,049 427,605
Noncontrolling interest 71,515 61,855
Total equity 674,564 489,460
Total liabilities and equity 1,270,281 1,005,124
Series A Preferred Stock
   
Equity:    
Preferred stock 69,000 69,000
Series B Preferred Stock
   
Equity:    
Preferred stock $ 70,000