Condensed Consolidated Balance Sheets (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Investments in real estate:
Land	$ 84,738	$ 84,738
Building and building improvements	463,412	450,097
Leasehold improvements	77,452	75,800
Total investments in real estate	625,602	610,635
Less: Accumulated depreciation and amortization	(49,003)	(32,943)
Net investment in operating properties	576,599	577,692
Construction in progress	63,175	11,987
Net investments in real estate	639,774	589,679
Cash and cash equivalents	31,324	86,246
Restricted cash	16,120	14,968
Accounts and other receivables, net of allowance for doubtful accounts of $315 and $305 as of June 30, 2011 and December 31, 2010, respectively	6,394	5,332
Lease intangibles, net of accumulated amortization of $26,848 and $17,105 as of June 30, 2011 and December 31, 2010, respectively	50,973	71,704
Goodwill	41,191	41,191
Other assets	25,979	23,906
Total assets	811,755	833,026
Liabilities:
Mortgage loans payable	110,560	124,873
Accounts payable and accrued expenses	41,569	26,393
Deferred rent payable	2,998	2,277
Acquired below-market lease contracts, net of accumulated amortization of $7,151 and $4,989 as of June 30, 2011 and December 31, 2010, respectively	14,111	16,415
Prepaid rent and other liabilities	10,420	8,603
Total liabilities	179,658	178,561
Stockholders' equity:
Common stock, par value $0.01, 100,000,000 shares authorized and 19,850,434 and 19,644,042 shares issued and outstanding at June 30, 2011 and December 31, 2010	194	194
Additional paid-in capital	240,822	239,453
Accumulated other comprehensive income (loss)	(53)	52
Accumulated deficit	(17,523)	(7,460)
Total stockholders' equity	223,440	232,239
Noncontrolling interests	408,657	422,226
Total equity	632,097	654,465
Total liabilities and equity	$ 811,755	$ 833,026