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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income $ 23,856 $ 15,923
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 9,237 4,415
Amortization 343 82
Amortization of Financing Costs 368 82
Straight-line rental income (4,195) (1,283)
Write-off of debt issuance costs 2,145 0
Loan and realty losses 0 4,037
Share-based compensation 1,349 1,580
Income from equity-method investee (158) (22)
Change in operating assets and liabilities:    
Equity-method investment and other assets (352) (406)
Accounts payable and accrued expenses (1,149) (440)
Deferred income (2,200) (40)
Net cash provided by operating activities 28,876 23,846
Cash flows from investing activities:    
Investment in mortgage and other notes receivable (1,131) 0
Collection of mortgage and other notes receivable 899 154
Investment in real estate (16,307) 0
Investment in real estate development (2,572) (1,463)
Investment in renovations of existing real estate (1,311) (836)
Payment of real estate purchase liability 1,600 0
Net cash used in investing activities (22,022) (2,145)
Cash flows from financing activities:    
Net change in borrowings under revolving credit facilities (60,000) 0
Proceeds from convertible senior notes 200,000 0
Borrowings on term loan 130,000 0
Payments on term loans (250,275) 0
Debt issuance costs (6,921) 0
Proceeds from exercise of stock options 0 (146)
Distributions to noncontrolling interest (432) (176)
Dividends paid to stockholders (24,293) (24,793)
Net cash provided by (used in) financing activities (11,921) (24,823)
(Decrease) increase in cash and cash equivalents (5,067) (3,122)
Cash and cash equivalents, beginning of year 11,312  
Cash and cash equivalents, end of year 6,245  
Supplemental disclosure of cash flow information:    
Interest Paid 4,383 1,010
Supplemental schedule of non-cash investing and financing activities:    
Tax deferred exchange funds applied to investment in real estate 23,813 0
Conditional consideration in asset acquisition 3,000 0
Accounts payable related to investments in real estate $ 2,296 $ 0