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Consolidated Statements Of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
OPERATING ACTIVITIES  
Net income$ 18,669$ 5,170
Results from discontinued operations(5,100)(232)
Income (loss) from continuing operations13,5694,938
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:  
Deferred rent revenue and amortization of lease intangibles(1,639)1,099
Depreciation and amortization41,91626,714
Amortization of debt issuance costs and debt fair value adjustments2,924418
Early extinguishment of debt25,867 
Loan transfer and consent fees9,019 
Gain on acquisition of controlling interests(46,371)(4,297)
Stock-based compensation expense1,902 
Loss from real estate joint ventures1883,431
Distribution of earnings from real estate joint ventures 3,812
Other, net1,586497
Changes in operating assets and liabilities  
Change in restricted cash(848)(730)
Change in accounts receivable(3,262)(155)
Change in prepaid expenses and other assets(590)(1,725)
Change in accounts payable and accrued expenses5,6892,272
Change in security deposits and other liabilities125265
Net cash provided by operating activities of continuing operations50,07536,539
Net cash provided by operating activities of discontinued operations1,7481,055
Net cash provided by operating activities51,82337,594
INVESTING ACTIVITIES  
Acquisition of real estate, net of cash acquired(227,309)(19,762)
Capital expenditures(5,871)(3,355)
Change in restricted cash(1,653)16
Cash acquired from acquisition of controlling interests in real estate joint ventures15,222 
Leasing commissions(1,772)(1,650)
Purchase of marketable securities(33,103) 
Maturity of marketable securities3,502 
Distribution of capital from real estate joint ventures 10,607
Issuance of notes receivable to affiliate (800)
Net cash used in investing activities of continuing operations(250,984)(14,944)
Net cash provided by (used in) investing activities of discontinued operations30,078(444)
Net cash used in investing activities(220,906)(15,388)
FINANCING ACTIVITIES  
Issuance of secured notes payable84,5007,500
Repayment of secured notes payable(263,106)(10,647)
Defeasance costs on repayment of secured notes payable(24,345) 
Loan transfer and consent fees paid(8,350) 
Issuance of unsecured notes payable 23,000
Repayment of unsecured notes payable(38,013)(4,488)
Repayment of notes payable to affiliates(19,279)(1,778)
Debt issuance costs(2,961)(365)
Proceeds from issuance of common stock, net596,541 
Proceeds from private placement of common units5,410 
Dividends paid to common stock and unitholders(34,010) 
Payments to nonaccredited investors(6,075) 
Contributions from Predecessor's controlling interests 1,147
Distributions to Predecessor's controlling and non-controlling interests(39,960)(23,401)
Net cash provided by (used in) financing activities250,352(9,032)
Net increase in cash and cash equivalents81,26913,174
Cash and cash equivalents, beginning of period41,95324,189
Cash and cash equivalents, end of period$ 123,222$ 37,363