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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Investments in real estate:    
Land $ 76,227 $ 85,868
Building and building improvements 652,142 596,405
Leasehold improvements 91,175 85,907
Total investments in real estate 819,544 768,180
Less: Accumulated depreciation and amortization (129,038) (105,433)
Net investment in operating properties 690,506 662,747
Construction in progress 104,963 61,328
Net investments in real estate 795,469 724,075
Cash and cash equivalents 2,803 8,130
Accounts and other receivables, net of allowance for doubtful accounts of $347 and $625 as of June 30, 2013, and December 31, 2012, respectively 7,930 9,901
Lease intangibles, net of accumulated amortization of $23,280 and $33,050 as of June 30, 2013, and December 31, 2012, respectively 14,154 19,453
Goodwill 41,191 41,191
Other assets 45,312 42,582
Total assets 906,859 845,332
Liabilities:    
Revolving credit facility 73,000  
Mortgage loans payable 59,000 59,750
Accounts payable and accrued expenses 50,127 50,624
Deferred rent payable 5,725 4,329
Acquired below-market lease contracts, net of accumulated amortization of $5,689 and $10,062 as of June 30, 2013, and December 2012, respectively 7,520 8,539
Prepaid rent and other liabilities 11,590 11,317
Total liabilities 206,962 134,559
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 oustanding as of June 30, 2013 and December 31, 2012 115,000 115,000
Common Stock, par value $0.01, 100,000,000 shares authorized and 21,404,156 and 21,202,673 shares issued and outstanding at June 30, 2013, and December 31, 2012, respectively 208 207
Additional paid-in capital 263,479 259,009
Distributions in excess of net income (43,078) (35,987)
Total stockholders' equity 335,609 338,229
Noncontrolling interests 364,288 372,544
Total equity 699,897 710,773
Total liabilities and equity $ 906,859 $ 845,332