Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (11,504)	$ 39
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	37,133	6,590
Amortization of above/below market leases	(764)	(167)
Amortization of deferred financing costs	826	233
Gain on early extinguishment of debt	(949)
Amortization of share-based compensation	1,386
Amortization of discount to fair market value of acquired loan	687
Bad debt expense	124	(125)
Changes in operating assets and liabilities:
Restricted cash	(547)	207
Accounts receivable	(1,187)	(135)
Due to and due from related parties	2	342
Deferred rent receivable	(2,268)	(1,429)
Deferred leasing costs	(3,040)	(4,244)
Other assets	779	(320)
Accounts payable and accrued expenses	10,038	150
Prepaid rent and other liabilities	1,818	61
Deferred rent payable	721	104
Net cash provided by operating activities	33,255	1,306
CASH FLOWS FROM INVESTING ACTIVITIES
Real estate improvements	(61,612)	(37,803)
Changes in reserves for capital improvements	(606)	278
Net cash used in investing activities	(62,218)	(37,525)
CASH FLOWS FROM FINANCING ACTIVITIES
Offering costs	(17)
Proceeds from mortgages payable		9,667
Repayments of mortgage loans payable	(14,044)	0
Payments of loan fees and costs	(14)	(272)
Contributions		28,073
Dividends and distributions	(11,884)	(2,000)
Net cash provided by (used in) financing activities	(25,959)	35,468
Net change in cash and cash equivalents	(54,922)	(751)
Cash and cash equivalents, beginning of period	86,246	7,466
Cash and cash equivalents, end of period	31,324	6,715
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest	2,109	1,102
NON-CASH INVESTING AND FINANCING ACTIVITY
Construction costs payable capitalized to real estate	7,926	2,674
Accrual of dividends and distributions	$ 5,996