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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Assets    
Land $ 49,114 $ 42,493
Buildings and improvements 487,396 420,704
Construction in progress 4,983  
Real estate properties, gross 541,493 463,197
Less accumulated depreciation (146,698) (135,543)
Real estate properties, net 394,795 327,654
Mortgage notes receivable, net 78,672 75,465
Investment in preferred stock, at cost 38,132 38,132
Cash and cash equivalents 15,886 2,664
Marketable securities 11,364 22,476
Accounts receivable, net 1,184 471
Straight-line rent receivable 8,706 4,928
Assets held for sale, net 29,381 36,853
Deferred costs and other assets 1,443 698
Total Assets 579,563 509,341
Liabilities and Stockholders' Equity    
Borrowings under revolving credit facility 97,300 37,765
Real estate purchase liabilities 9,478 4,000
Accounts payable and accrued expenses 3,483 3,388
Dividends payable 24,144 16,752
Deferred income 1,673 1,461
Earnest money deposit   3,475
Total Liabilities 136,078 66,841
Commitments and Contingencies      
Stockholders' Equity    
Common stock, $.01 par value; 40,000,000 shares authorized; 27,709,611 and 27,689,392 shares issued and outstanding, respectively 278 277
Capital in excess of par value 465,678 462,392
Cumulative dividends in excess of net income (29,652) (35,499)
Unrealized gains on marketable securities 7,181 15,330
Total Stockholders' Equity 443,485 442,500
Total Liabilities and Stockholders' Equity $ 579,563 $ 509,341