Condensed Consolidated Statement of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Cash flows from operating activities:
Net income	$ 4,405	$ 1,248
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,303	6,086
Amortization of deferred financing costs	566	495
Stock-based compensation expense	2,203	1,142
Amortization of premium on notes payable	(4)	(4)
Straight-line rental income adjustments	(969)	0
Changes in operating assets and liabilities:
Prepaid expenses and other assets	(126)	391
Accounts payable and accrued liabilities	4,053	4,106
Restricted cash	(967)	(1,006)
Net cash provided by operating activities	16,464	12,458
Cash flows from investing activities:
Acquisitions of real estate	(29,850)	0
Origination of note receivable	10,103	0
Acquisition of note receivable	0	(5,329)
Additions to real estate	(256)	(86)
Net cash used in investing activities	(40,209)	(5,415)
Cash flows from financing activities:
Principal payments on mortgage notes payable	(791)	(760)
Payments of deferred financing costs	(2,456)	(306)
Issuance of common stock	(370)	0
Dividends paid	(12,213)	0
Net cash used in financing activities	(15,830)	(1,066)
Net decrease in cash and cash equivalents	(39,575)	5,977
Cash and Cash Equivalents, beginning of period	42,250	74,233
Cash and Cash Equivalents, end of period	2,675	80,210
Supplemental disclosure of cash flow information:
Interest paid	$ 2,140	$ 2,447