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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
OPERATING ACTIVITIES      
Net income $ 32,887 $ 22,834 $ 18,755
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization from continuing operations 61,696 56,757 57,806
Depreciation and amortization from discontinued operations 578 694 544
Stock-based compensation expense 3,497 2,452 1,998
Gain on sales of land and real estate investments (6,510) (36) 0
Changes in operating assets and liabilities:      
Accrued income and other assets 601 (1,425) 212
Accounts payable, accrued expenses and prepaid rent (1,118) 5,466 (2,268)
Other 177 (195) (189)
NET CASH PROVIDED BY OPERATING ACTIVITIES 91,808 86,547 76,858
INVESTING ACTIVITIES      
Real estate development (55,404) (42,148) (9,145)
Purchases of real estate (51,750) (88,592) (23,906)
Real estate improvements (18,135) (19,048) (23,720)
Proceeds from sales of real estate investments 17,087 0 0
Advances on mortgage loans receivable (5,223) 0 0
Repayments on mortgage loans receivable 20 33 37
Changes in accrued development costs 1,242 5,255 8
NET CASH USED IN INVESTING ACTIVITIES (7,745) (6,333) (6,775)
NET CASH USED IN INVESTING ACTIVITIES (119,908) (150,833) (63,501)
FINANCING ACTIVITIES      
Proceeds from bank borrowings 284,877 336,575 211,041
Repayments on bank borrowings (363,233) (273,353) (208,903)
Proceeds from mortgage notes payable 54,000 65,000 74,000
Principal payments on mortgage notes payable (74,308) (81,128) (32,401)
Proceeds from unsecured term loans payable 80,000 50,000 0
Debt issuance costs (1,490) (925) (709)
Distributions paid to stockholders (61,297) (56,042) (56,294)
Proceeds from common stock offerings 109,588 25,181 303
Proceeds from exercise of stock options 108 217 404
Proceeds from dividend reinvestment plan 219 249 262
Other 720 (1,451) (1,985)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 29,184 64,323 (14,282)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,084 37 (925)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 174 137 1,062
CASH AND CASH EQUIVALENTS AT END OF YEAR 1,258 174 137
SUPPLEMENTAL CASH FLOW INFORMATION      
Cash paid for interest, net of amount capitalized of $4,660, $3,771 and $3,613 for 2012, 2011 and 2010, respectively $ 34,385 $ 33,671 $ 34,380