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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating activities    
Net income $ 7,614us-gaap_ProfitLoss $ 10,966us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 49,136us-gaap_DepreciationDepletionAndAmortization 40,280us-gaap_DepreciationDepletionAndAmortization
Depreciation and amortization – discontinued operations 0us-gaap_DepreciationAndAmortizationDiscontinuedOperations 116us-gaap_DepreciationAndAmortizationDiscontinuedOperations
Amortization of below market leases, net (4,359)us-gaap_AmortizationOfAboveAndBelowMarketLeases (2,476)us-gaap_AmortizationOfAboveAndBelowMarketLeases
Amortization of financing costs 705us-gaap_AmortizationOfFinancingCosts 542us-gaap_AmortizationOfFinancingCosts
Amortization of debt premium, net (3,025)us-gaap_AmortizationOfDebtDiscountPremium (1,283)us-gaap_AmortizationOfDebtDiscountPremium
Non-cash adjustment for interest rate swaps 248us-gaap_IncreaseDecreaseInDerivativeAssetsAndLiabilities 0us-gaap_IncreaseDecreaseInDerivativeAssetsAndLiabilities
Share-based compensation expense 1,453us-gaap_ShareBasedCompensation 2,489us-gaap_ShareBasedCompensation
Deferred income taxes 194us-gaap_DeferredIncomeTaxExpenseBenefit 220us-gaap_DeferredIncomeTaxExpenseBenefit
Gain on sale of real estate (14,316)us-gaap_GainsLossesOnSalesOfInvestmentRealEstate (6,289)us-gaap_GainsLossesOnSalesOfInvestmentRealEstate
Gain on sale of real estate – discontinued operations 0us-gaap_GainLossOnDispositionOfRealEstateDiscontinuedOperations (10,463)us-gaap_GainLossOnDispositionOfRealEstateDiscontinuedOperations
Non-cash impairment loss on real estate 1,000us-gaap_ImpairmentOfRealEstate 0us-gaap_ImpairmentOfRealEstate
Gain on extinguishment of debt (79)us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
Equity in (earnings) losses of unconsolidated joint ventures (162)us-gaap_IncomeLossFromEquityMethodInvestments 478us-gaap_IncomeLossFromEquityMethodInvestments
Distributions of income from unconsolidated joint ventures 1,042us-gaap_EquityMethodInvestmentDividendsOrDistributions 0us-gaap_EquityMethodInvestmentDividendsOrDistributions
Change in deferred leasing costs (4,348)us-gaap_IncreaseDecreaseInDeferredLeasingFees (2,923)us-gaap_IncreaseDecreaseInDeferredLeasingFees
Changes in operating assets and liabilities:    
Change in condominium units 0us-gaap_IncreaseDecreaseInAssetsHeldForSale 1,574us-gaap_IncreaseDecreaseInAssetsHeldForSale
Change in receivables and other assets (3,546)us-gaap_IncreaseDecreaseInOperatingAssets (6,101)us-gaap_IncreaseDecreaseInOperatingAssets
Change in accounts payable and other liabilities (22,295)us-gaap_IncreaseDecreaseInOperatingLiabilities (17,874)us-gaap_IncreaseDecreaseInOperatingLiabilities
Net cash provided by operating activities 9,262us-gaap_NetCashProvidedByUsedInOperatingActivities 9,256us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing activities    
Proceeds from mortgage loan receivable 22us-gaap_ProceedsFromCollectionOfOtherReceivables 21us-gaap_ProceedsFromCollectionOfOtherReceivables
Investment in unconsolidated joint ventures (598)us-gaap_PaymentsToAcquireEquityMethodInvestments (4,000)us-gaap_PaymentsToAcquireEquityMethodInvestments
Distributions of capital from unconsolidated joint ventures 63us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital 0us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
Investment in real estate (142,386)us-gaap_PaymentsToAcquireRealEstate (34,067)us-gaap_PaymentsToAcquireRealEstate
Proceeds from sale of real estate 36,469us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment 51,080us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment
Real estate development (10,707)us-gaap_PaymentsToDevelopRealEstateAssets 0us-gaap_PaymentsToDevelopRealEstateAssets
Improvements to real estate (10,983)us-gaap_PaymentsForCapitalImprovements (11,798)us-gaap_PaymentsForCapitalImprovements
Net cash provided by (used in) investing activities (128,120)us-gaap_NetCashProvidedByUsedInInvestingActivities 1,236us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing activities    
Principal payments on mortgage notes payable (17,344)us-gaap_RepaymentsOfSecuredDebt (2,782)us-gaap_RepaymentsOfSecuredDebt
Proceeds from mortgage notes payable 2,069us-gaap_ProceedsFromIssuanceOfSecuredDebt 0us-gaap_ProceedsFromIssuanceOfSecuredDebt
Proceeds from bank borrowings 153,702us-gaap_ProceedsFromBankDebt 1,446us-gaap_ProceedsFromBankDebt
Payments on bank borrowings (42,202)us-gaap_RepaymentsOfBankDebt (59,446)us-gaap_RepaymentsOfBankDebt
Debt financing costs (1,050)us-gaap_PaymentsOfFinancingCosts (202)us-gaap_PaymentsOfFinancingCosts
Dividends paid on common stock (20,928)us-gaap_PaymentsOfDividendsCommonStock (18,601)us-gaap_PaymentsOfDividendsCommonStock
Dividends paid on common units of Operating Partnership (977)us-gaap_PaymentsOfCapitalDistribution (976)us-gaap_PaymentsOfCapitalDistribution
Acquisition of noncontrolling interests 0us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries (41,539)us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries
Contributions from noncontrolling interest partners 2,125us-gaap_ProceedsFromPartnershipContribution 0us-gaap_ProceedsFromPartnershipContribution
Distributions to noncontrolling interest partners (5,894)us-gaap_PaymentsOfDividendsMinorityInterest 0us-gaap_PaymentsOfDividendsMinorityInterest
Proceeds from stock offerings, net of offering costs 0us-gaap_ProceedsFromIssuanceOfCommonStock 205,166us-gaap_ProceedsFromIssuanceOfCommonStock
Payments of offering costs associated with the issuance of common stock (209)us-gaap_PaymentsOfStockIssuanceCosts 0us-gaap_PaymentsOfStockIssuanceCosts
Net cash provided by financing activities 69,292us-gaap_NetCashProvidedByUsedInFinancingActivities 83,066us-gaap_NetCashProvidedByUsedInFinancingActivities
Change in cash and cash equivalents (49,566)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 93,558us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 116,241us-gaap_CashAndCashEquivalentsAtCarryingValue 58,678us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 66,675us-gaap_CashAndCashEquivalentsAtCarryingValue 152,236us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental cash flow information:    
Cash paid for interest 21,871us-gaap_InterestPaid 16,157us-gaap_InterestPaid
Cash paid for income taxes 271us-gaap_IncomeTaxesPaidNet 271us-gaap_IncomeTaxesPaidNet
Supplemental schedule of non-cash investing and financing activity:    
Operating Partnership units converted to common stock 6,337us-gaap_ConversionOfStockAmountConverted1 0us-gaap_ConversionOfStockAmountConverted1
Issuance of Operating Partnership units 0us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance 1,546us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
Transfer of assets classified as held for sale, net 49,578us-gaap_TransferOfOtherRealEstate 0us-gaap_TransferOfOtherRealEstate
Transfer of liabilities classified as held for sale, net $ 24,340us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1 $ 0us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1