CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Operating real estate
Land	$ 355,586	$ 270,305
Building and improvements	1,107,680	938,652
Construction in progress	10,244	7,321
Gross operating real estate	1,473,510	1,216,278
Less: accumulated depreciation	203,404	178,791
Net operating real estate	1,270,106	1,037,487
Real estate under development	229,808	219,645
Notes receivable, net	78,826	59,989
Investments in and advances to unconsolidated affiliates	88,572	84,568
Cash and cash equivalents	85,297	89,812
Cash in escrow	19,030	20,969
Rents receivable, net	30,549	25,585
Deferred charges, net	30,326	24,371
Acquired lease intangibles, net	29,066	26,721
Prepaid expenses and other assets	38,003	26,571
Accounts receivable from related party	0	1,375
Assets of discontinued operations	0	36,226
Total assets	1,899,583	1,653,319
LIABILITIES
Mortgage notes payable	871,243	767,150
Convertible notes payable	930	930
Distributions in excess of income from, and investments in, unconsolidated affiliates	22,409	21,710
Accounts payable and accrued expenses	34,691	38,937
Dividends and distributions payable	8,757	7,914
Acquired lease and other intangibles, net	9,420	5,462
Other liabilities	23,514	19,735
Liabilities of discontinued operations	0	22,172
Total liabilities	970,964	884,010
Shareholders’ equity
Common shares, $.001 par value, authorized 100,000,000 shares; issued and outstanding 47,138544 and 42,586,376 shares, respectively	47	43
Additional paid-in capital	450,163	348,667
Accumulated other comprehensive loss	(4,763)	(3,913)
Retained earnings	33,269	39,317
Total shareholders’ equity	478,716	384,114
Noncontrolling interests	449,903	385,195
Total equity	928,619	769,309
Total liabilities and equity	$ 1,899,583	$ 1,653,319