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Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income $ 33,715 $ 19,513 $ 12,842
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 33,281 30,263 26,591
Non-cash interest income adjustments 79 24 0
Amortization of deferred financing costs 3,280 2,685 1,998
Stock-based compensation expense 7,819 8,279 4,600
Amortization of premium (671) (347) (15)
Non-cash loss on extinguishment of debt 859 628 0
Straight-line rental income adjustments (14,709) (4,893) (2,092)
Impairment 0 2,481 0
Change in fair value of contingent consideration 200 0 0
Changes in operating assets and liabilities:      
Prepaid expenses and other assets (3,459) (82) (1,035)
Accounts payable and accrued liabilities 5,430 1,321 5,695
Restricted cash (3,725) (3,620) (3,879)
Net cash provided by operating activities 62,099 56,252 44,705
Cash flows from investing activities:      
Acquisitions of real estate (125,955) (205,424) (204,500)
Origination of loans receivable (165,960) (22,180) 0
Preferred equity investments (7,038) 0 0
Acquisition of note receivable     (5,348)
Additions to real estate (764) (1,046) (86)
Repayment of note receivable 0 10,000 5,348
Proceeds from sale of real estate 2,208 0 0
Net cash (used in) provided by investing activities (297,509) (218,650) (204,586)
Cash flows from financing activities:      
Proceeds from issuance of senior unsecured notes 200,000 106,000 0
Principal payments on senior unsecured notes (113,750) 0 0
Proceeds from secured revolving credit facility 143,500 135,000 0
Payments on secured revolving credit facility (100,500) (42,500) 0
Proceeds from mortgage notes payable 0 56,651 0
Principal payments on mortgage notes payable (10,994) (62,226) (3,027)
Payments of deferred financing costs (8,954) (6,800) (677)
Payment of contingent consideration (1,300) 0 0
Issuance of preferred stock 138,249 0 0
Issuance of common stock 34,517 53 163,242
Dividends paid (58,151) (48,929) (31,640)
Net cash provided by financing activities 222,617 137,249 127,898
Net (decrease) increase in cash and cash equivalents (12,793) (25,149) (31,983)
Cash and cash equivalents, beginning of period 17,101 42,250 74,233
Cash and cash equivalents, end of period 4,308 17,101 42,250
Supplemental disclosure of cash flow information:      
Interest paid $ 38,541 $ 32,613 $ 28,557