Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Real estate investments:
Income producing property	$ 436,450	$ 406,239
Held for development	8,592
Construction in progress	105,253	56,737
Gross real estate investments	550,295	462,976
Accumulated depreciation	(112,024)	(105,228)
Net real estate investments	438,271	357,748
Cash and cash equivalents	16,271	18,882
Restricted cash	3,224	2,160
Accounts receivable, net	19,517	18,272
Construction receivables, including retentions	12,730	12,633
Construction contract costs and estimated earnings in excess of billings	1,287	1,178
Other assets	24,815	24,409
Total Assets	516,115	435,282
LIABILITIES AND EQUITY
Indebtedness	349,840	277,745
Accounts payable and accrued liabilities	6,743	6,463
Construction payables, including retentions	34,631	28,139
Billings in excess of construction contract costs and estimated earnings	1,227	1,541
Other liabilities	16,474	15,873
Total Liabilities	408,915	329,761
Stockholders' equity:
Common stock, $0.01 par value, 500,000,000 shares authorized, 19,265,919 and 19,163,413 shares issued and outstanding as of June 30, 2014 and December 31, 2013, respectively	193	192
Additional paid-in capital	1,650	1,247
Distributions in excess of earnings	(51,307)	(47,934)
Total stockholders' deficit	(49,464)	(46,495)
Noncontrolling interests	156,664	152,016
Total Equity	107,200	105,521
Total Liabilities and Equity	$ 516,115	$ 435,282