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Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Investment in real estate:    
Land $ 544,470 $ 544,462
Land improvements 1,766,231 1,762,122
Buildings and other depreciable property 298,438 278,403
Real Estate Investment Property, at Cost, Total 2,609,139 2,584,987
Accumulated depreciation (737,354) (700,665)
Net investment in real estate 1,871,785 1,884,322
Cash and cash equivalents 85,344 12,659
Short-term investments   52,266
Acquisition escrow deposit 300,000  
Notes receivable, net 28,116 25,726
Investment in joint ventures 8,322 8,446
Rent and other customer receivables, net 482 419
Deferred financing costs, net 13,123 10,688
Inventory 2,762 3,177
Deferred commission expense 17,245 14,898
Escrow deposits and other assets 41,374 35,794
Total Assets 2,368,553 2,048,395
Liabilities:    
Mortgage notes payable 1,357,458 1,412,919
Unsecured lines of credit    
Accrued payroll and other operating expenses 61,824 52,782
Deferred revenue - upfront payments from right-to-use contracts 50,259 44,349
Deferred revenue - right-to-use annual payments 16,834 12,642
Accrued interest payable 6,847 7,174
Rents and other customer payments received in advance and security deposits 52,153 47,738
Distributions payable 15,591 10,633
Total Liabilities 1,560,966 1,588,237
Commitments and contingencies    
Non-controlling interests - Perpetual Preferred OP Units   200,000
8.034% Series A Cumulative Redeemable Perpetual Preferred Stock $0.01 par value per share, 10,000,000 shares authorized, 8,000,000 issued and outstanding as of June 30, 2011 and none issued and outstanding as of December 31, 2010, at liquidation value 200,000  
Stockholders' Equity:    
Common stock, $0.01 par value 100,000,000 shares authorized; 37,267,833 and 30,972,353 shares issued and outstanding as of June 30, 2011 and December 31, 2010, respectively 372 310
Paid-in capital 780,617 463,722
Distributions in excess of accumulated earnings (236,888) (237,002)
Accumulated other comprehensive loss (336)  
Total Stockholders' Equity 543,765 227,030
Non-controlling interests - Common OP Units 63,822 33,128
Total Equity 607,587 260,158
Total Liabilities and Equity $ 2,368,553 $ 2,048,395