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Condensed Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income $ 8,895 $ 10,328
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,468 14,860
Non-cash interest income adjustments 12 9
Amortization of deferred financing costs 1,589 1,197
Stock-based compensation expense 3,933 3,842
Amortization of premium (401) (8)
Loss on extinguishment of debt 508 250
Straight-line rental income adjustments (7,300) (1,690)
Change in fair value of contingent consideration 900 0
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (1,563) (779)
Accounts payable and accrued liabilities 1,877 (1,914)
Restricted cash (1,932) (2,008)
Net cash provided by operating activities 22,986 24,087
Cash flows from investing activities:    
Acquisitions of real estate (6,175) (55,550)
Origination of loans receivable (25,244) (21,176)
Preferred equity investment (5,144) 0
Additions to real estate (226) (730)
Net proceeds from the sale of real estate 2,208 0
Net cash used in investing activities (34,581) (77,456)
Cash flows from financing activities:    
Proceeds from issuance of senior unsecured notes 200,000 0
Principal payments on senior unsecured notes (113,750) 0
Proceeds from secured revolving credit facility 0 42,500
Payments on secured revolving credit facility (92,500) 0
Proceeds from mortgage notes 0 21,947
Principal payments on mortgage notes payable (9,193) (22,464)
Payments of deferred financing costs (5,378) (3,435)
Proceeds from Issuance of Preferred Stock 138,345 0
Issuance of common stock (2,851) 144
Dividends paid (27,409) (24,463)
Net cash provided by (used in) financing activities 87,264 14,229
Net decrease in cash and cash equivalents 75,669 (39,140)
Cash and cash equivalents, beginning of period 17,101 42,250
Cash and cash equivalents, end of period 92,770 3,110
Supplemental disclosure of cash flow information:    
Interest paid $ 19,839 $ 14,677