XML 56 R41.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUMMARIZED CONDENSED CONSOLIDATING INFORMATION (Condensed Consolidating Balance Sheet) (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Sep. 30, 2011
Dec. 31, 2010
Assets        
Real estate investments, net of accumulated depreciation $ 733,054 $ 658,377    
Loans receivable, net 22,092 0    
Cash and cash equivalents 30,477 42,250 56,417 74,233
Restricted cash 5,197 6,093    
Deferred tax assets 25,540 25,540    
Prepaid expenses, deferred financing costs and other assets 26,651 17,390    
Intercompany 0 0    
Investments in subsidiaries 0 0    
Total assets 843,011 749,650    
Liabilities and stockholders’ equity        
Mortgage notes payable 157,513 158,398    
Senior unsecured notes payable 330,861 225,000    
Accounts payable and accrued liabilities 17,778 14,139    
Tax liability 25,540 25,540    
Intercompany 0 0    
Total liabilities 531,692 423,077    
Stockholders’ equity        
Preferred stock 0 0    
Common stock 371 369    
Additional paid-in capital 351,106 344,995    
Cumulative distributions in excess of net income (40,158) (18,791)    
Total stockholders’ equity 311,319 326,573 329,924 177,533
Total liabilities and stockholders’ equity 843,011 749,650    
Preferred stock, par value $ 0.01 $ 0.01    
Preferred stock, shares authorized 10,000,000 10,000,000    
Preferred stock, shares issued 0 0    
Preferred stock, shares outstanding 0 0    
Common stock, par value $ 0.01 $ 0.01    
Common stock, shares authorized 125,000,000 125,000,000    
Common stock, shares issued 37,051,242 36,891,712    
Common stock, shares outstanding 37,051,242 36,891,712    
Parent Company [Member]
       
Assets        
Real estate investments, net of accumulated depreciation 156 187    
Loans receivable, net 0      
Cash and cash equivalents 27,791 41,736 56,123 70,841
Restricted cash 0 0    
Deferred tax assets 25,540 25,540    
Prepaid expenses, deferred financing costs and other assets 671 874    
Intercompany 0 0    
Investments in subsidiaries 341,804 313,181    
Total assets 395,962 381,518    
Liabilities and stockholders’ equity        
Mortgage notes payable 0 0    
Senior unsecured notes payable 0 0    
Accounts payable and accrued liabilities 4,483 6,296    
Tax liability 25,540 25,540    
Intercompany 54,620 23,109    
Total liabilities 84,643 54,945    
Stockholders’ equity        
Preferred stock 0 0    
Common stock 371 369    
Additional paid-in capital 351,106 344,995    
Cumulative distributions in excess of net income (40,158) (18,791)    
Total stockholders’ equity 311,319 326,573    
Total liabilities and stockholders’ equity 395,962 381,518    
Issuers [Member]
       
Assets        
Real estate investments, net of accumulated depreciation 0 0    
Loans receivable, net 0      
Cash and cash equivalents 0 0 0 0
Restricted cash 0 0    
Deferred tax assets 0 0    
Prepaid expenses, deferred financing costs and other assets 7,487 5,079    
Intercompany 240,816 145,018    
Investments in subsidiaries 435,430 391,131    
Total assets 683,733 541,228    
Liabilities and stockholders’ equity        
Mortgage notes payable 0 0    
Senior unsecured notes payable 330,861 225,000    
Accounts payable and accrued liabilities 11,068 3,047    
Tax liability 0 0    
Intercompany 0 0    
Total liabilities 341,929 228,047    
Stockholders’ equity        
Preferred stock 0 0    
Common stock 0 0    
Additional paid-in capital 291,163 288,665    
Cumulative distributions in excess of net income 50,641 24,516    
Total stockholders’ equity 341,804 313,181    
Total liabilities and stockholders’ equity 683,733 541,228    
Combined Guarantor Subsidiaries [Member]
       
Assets        
Real estate investments, net of accumulated depreciation 555,105 474,256    
Loans receivable, net 22,092      
Cash and cash equivalents 0 0 0 0
Restricted cash 0 0    
Deferred tax assets 0 0    
Prepaid expenses, deferred financing costs and other assets 15,057 8,544    
Intercompany 0 0    
Investments in subsidiaries 25,119 23,611    
Total assets 617,373 506,411    
Liabilities and stockholders’ equity        
Mortgage notes payable 0 0    
Senior unsecured notes payable 0 0    
Accounts payable and accrued liabilities 1,524 4,107    
Tax liability 0 0    
Intercompany 220,723 147,146    
Total liabilities 222,247 151,253    
Stockholders’ equity        
Preferred stock 0 0    
Common stock 0 0    
Additional paid-in capital 319,390 316,011    
Cumulative distributions in excess of net income 75,736 39,147    
Total stockholders’ equity 395,126 355,158    
Total liabilities and stockholders’ equity 617,373 506,411    
Combined Non-Guarantor Subsidiaries [Member]
       
Assets        
Real estate investments, net of accumulated depreciation 177,793 183,934    
Loans receivable, net 0      
Cash and cash equivalents 2,686 514 294 3,392
Restricted cash 5,197 6,093    
Deferred tax assets 0 0    
Prepaid expenses, deferred financing costs and other assets 3,436 2,893    
Intercompany 34,527 25,237    
Investments in subsidiaries 0 0    
Total assets 223,639 218,671    
Liabilities and stockholders’ equity        
Mortgage notes payable 157,513 158,398    
Senior unsecured notes payable 0 0    
Accounts payable and accrued liabilities 703 689    
Tax liability 0 0    
Intercompany 0 0    
Total liabilities 158,216 159,087    
Stockholders’ equity        
Preferred stock 0 0    
Common stock 0 0    
Additional paid-in capital 52,642 52,110    
Cumulative distributions in excess of net income 12,781 7,474    
Total stockholders’ equity 65,423 59,584    
Total liabilities and stockholders’ equity 223,639 218,671    
Elimination [Member]
       
Assets        
Real estate investments, net of accumulated depreciation 0 0    
Loans receivable, net 0      
Cash and cash equivalents 0 0 0 0
Restricted cash 0 0    
Deferred tax assets 0 0    
Prepaid expenses, deferred financing costs and other assets 0 0    
Intercompany (275,343) (170,255)    
Investments in subsidiaries (802,353) (727,923)    
Total assets (1,077,696) (898,178)    
Liabilities and stockholders’ equity        
Mortgage notes payable 0 0    
Senior unsecured notes payable 0 0    
Accounts payable and accrued liabilities 0 0    
Tax liability 0 0    
Intercompany (275,343) (170,255)    
Total liabilities (275,343) (170,255)    
Stockholders’ equity        
Preferred stock 0 0    
Common stock 0 0    
Additional paid-in capital (663,195) (656,786)    
Cumulative distributions in excess of net income (139,158) (71,137)    
Total stockholders’ equity (802,353) (727,923)    
Total liabilities and stockholders’ equity $ (1,077,696) $ (898,178)