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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Investments in real estate:    
Land $ 78,983 $ 85,868
Building and building improvements 717,007 596,405
Leasehold improvements 95,218 85,907
Total investments in real estate 891,208 768,180
Less: Accumulated depreciation and amortization (155,704) (105,433)
Net investment in operating properties 735,504 662,747
Construction in progress 157,317 61,328
Net investments in real estate 892,821 724,075
Cash and cash equivalents 5,313 8,130
Accounts and other receivables, net of allowance for doubtful accounts of $159 and $625 as of December 31, 2013, and 2012, respectively 10,339 9,901
Lease intangibles, net of accumulated amortization of $17,646 and $33,050 as of December 31, 2013, and 2012, respectively 11,028 19,453
Goodwill 41,191 41,191
Other assets 55,802 42,582
Total assets 1,016,494 845,332
Liabilities:    
Revolving credit facility 174,250  
Mortgage loan payable 58,250 59,750
Accounts payable and accrued expenses 67,782 50,624
Deferred rent payable 9,646 4,329
Acquired below-market lease contracts, net of accumulated amortization of $4,361 and $10,062 as of December 31, 2013, and 2012, respectively 6,681 8,539
Prepaid rent and other liabilities 11,578 11,317
Total liabilities 328,187 134,559
Stockholders' equity:    
Series A Cumulative Preferred Stock 7.25%, $115,000 liquidation preference ($25.00 per share, $0.01 par value), 4,600,000 shares issued and outstanding as of December 31, 2013, and 2012 115,000 115,000
Common Stock, par value $0.01, 100,000,000 shares authorized and 21,387,152 and 21,202,673 shares issued and outstanding at December 31, 2013, and 2012, respectively 209 207
Additional paid-in capital 267,465 259,009
Distributions in excess of net income (50,264) (35,987)
Total stockholders' equity 332,410 338,229
Noncontrolling interests 355,897 372,544
Total equity 688,307 710,773
Total liabilities and equity $ 1,016,494 $ 845,332