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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Investment in real estate:    
Land $ 1,018,521 $ 544,462
Land improvements 2,591,225 1,762,122
Buildings and other depreciable property 469,627 278,403
Real Estate Investment Property, at Cost, Total 4,079,373 2,584,987
Accumulated depreciation (813,926) (700,665)
Net investment in real estate 3,265,447 1,884,322
Cash and cash equivalents 70,460 12,659
Short-term investments   52,266
Notes receivable, net 64,239 25,726
Investment in joint ventures 8,557 8,446
Rents and other customer receivables, net 1,155 419
Deferred financing costs, net 23,039 10,688
Inventory 2,948 3,177
Deferred commission expense 19,687 14,898
Escrow deposits and other assets 40,569 35,794
Total Assets 3,496,101 2,048,395
Liabilities:    
Mortgage notes payable 2,084,683 1,412,919
Term loan 200,000  
Unsecured lines of credit      
Accrued payroll and other operating expenses 62,062 52,782
Deferred revenue-upfront payments from right-to-use contracts 56,285 44,349
Deferred revenue-right-to-use annual payments 11,877 12,642
Accrued interest payable 10,737 7,174
Rents and other customer payments received in advance and security deposits 54,234 47,738
Distributions payable 16,943 10,633
Total Liabilities 2,496,821 1,588,237
Commitments and contingencies      
Non-controlling interests-Perpetual Preferred OP Units   200,000
Stockholders' Equity:    
Preferred stock, $.01 par value 2,000,000 shares authorized; none issued and outstanding as of December 31, 2011 and 2010      
Common stock, $.01 par value 100,000,000 shares authorized for 2011 and 2010; 41,078,200 and 30,972,353 shares issued and outstanding for 2011 and 2010, respectively 412 310
Paid-in capital 998,483 463,722
Distributions in excess of accumulated earnings (270,021) (237,002)
Accumulated other comprehensive loss (2,547)  
Total Stockholders' Equity 726,327 227,030
Non-controlling interests-Common OP Units 72,953 33,128
Total Equity 799,280 260,158
Total Liabilities and Equity 3,496,101 2,048,395
8.034% Series A Cumulative Redeemable Perpetual Preferred Stock
   
Stockholders' Equity:    
Cumulative Redeemable Preferred Stock $ 200,000