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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Rental Property:    
Land $ 81,501 $ 70,870
Buildings 461,617 394,822
Tenant improvements 29,703 25,056
Building and land improvements 13,305 11,510
Less: accumulated depreciation (37,502) (30,004)
Total rental property, net 548,624 472,254
Cash and cash equivalents 5,113 16,498
Restricted cash 10,026 6,611
Tenant accounts receivable, net 6,210 5,592
Prepaid expenses and other assets 1,954 1,355
Deferred financing fees, net 2,506 2,634
Leasing commissions, net 1,203 954
Goodwill 4,923 4,923
Due from related parties 443 400
Deferred leasing intangibles, net 128,801 113,293
Total assets 709,803 624,514
Liabilities:    
Mortgage notes payable 287,314 296,779
Credit facility 5,000  
Accounts payable, accrued expenses and other liabilities 5,754 6,044
Interest rate swaps   215
Tenant prepaid rent and security deposits 4,630 3,478
Dividends and distributions payable 10,287 6,160
Deferred leasing intangibles, net 4,450 1,929
Total liabilities 317,435 314,605
Commitments and contingencies      
Stockholders' Equity:    
Preferred stock, par value $0.01 per share, 10,000,000 shares authorized, 2,760,000 shares (liquidation preference of $25.00 per share) issued and outstanding at June 30, 2012 and December 31, 2011 69,000 69,000
Common stock $0.01 par value, 100,000,000 shares authorized, 24,958,258 and 15,901,560 shares outstanding at June 30, 2012 and December 31, 2011, respectively 249 159
Additional paid-in capital 282,669 179,919
Common stock dividends in excess of earnings (33,424) (18,385)
Total stockholders' equity 318,494 230,693
Noncontrolling interest 73,874 79,216
Total stockholders' equity 392,368 309,909
Total liabilities and stockholders' equity $ 709,803 $ 624,514