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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Assets    
Real estate investments, net of accumulated depreciation of $108,916 and $88,701 as of December 31, 2011 and December 31, 2010, respectively $ 658,377 $ 482,297
Cash and cash equivalents 42,250 74,233
Restricted cash 6,093 4,716
Deferred tax assets 25,540 26,300
Prepaid expenses, deferred financing costs and other assets 17,390 12,013
Total assets 749,650 599,559
Liabilities and stockholders’ equity    
Mortgage notes payable 158,398 161,440
Senior unsecured notes payable 225,000 225,000
Accounts payable and accrued liabilities 14,139 9,286
Tax liability 25,540 26,300
Total liabilities 423,077 422,026
Commitments and contingencies (Note 15)      
Stockholders’ equity:    
Preferred stock, $.01 par value; 10,000,000 shares authorized, zero shares issued and outstanding as of September 30, 2011 and December 31, 2010 0 0
Common stock, $.01 par value; 125,000,000 shares authorized, 36,891,712 and 25,061,072 shares issued and outstanding as of December 31, 2011 and December 31, 2010, respectively 369 251
Additional paid-in capital 344,995 177,275
Cumulative distributions in excess of net income (18,791) 7
Total stockholders’ equity 326,573 177,533
Total liabilities and stockholders’ equity $ 749,650 $ 599,559