XML 30 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Rental Property:    
Land $ 109,116 $ 104,656
Buildings 695,119 654,518
Tenant improvements 35,394 34,900
Building and land improvements 24,436 22,153
Less: accumulated depreciation (52,257) (46,175)
Total rental property, net 811,808 770,052
Cash and cash equivalents 11,980 19,006
Restricted cash 7,540 5,497
Tenant accounts receivable, net 10,373 9,351
Prepaid expenses and other assets 3,657 1,556
Deferred financing fees, net 5,903 4,704
Leasing commissions, net 2,276 1,674
Goodwill 4,923 4,923
Due from related parties 300 806
Deferred leasing intangibles, net 190,243 187,555
Total assets 1,049,003 1,005,124
Liabilities:    
Mortgage notes payable 228,844 229,915
Unsecured credit facility 20,000 99,300
Unsecured term loans 175,000 150,000
Accounts payable, accrued expenses and other liabilities 8,832 12,111
Interest rate swaps 469 480
Tenant prepaid rent and security deposits 6,808 5,686
Dividends and distributions payable 16,122 11,301
Deferred leasing intangibles, net 6,852 6,871
Total liabilities 462,927 515,664
Commitments and contingencies      
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 March 31, 2013 and December 31, 2012 69,000 69,000
Common stock, par value $0.01 per share, 100,000,000 shares authorized, 42,221,072 and 35,698,582 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively 422 357
Additional paid-in capital 524,843 419,643
Common stock dividends in excess of earnings (75,383) (61,024)
Accumulated other comprehensive loss (361) (371)
Total stockholders' equity 518,521 427,605
Noncontrolling interest 67,555 61,855
Total equity 586,076 489,460
Total liabilities and equity $ 1,049,003 $ 1,005,124