CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Operating real estate
Land	$ 374,835	$ 336,251
Buildings and improvements	1,235,017	1,140,613
Construction in progress	8,417	4,836
Gross operating real estate	1,618,269	1,481,700
Less: accumulated depreciation	241,446	229,538
Net operating real estate	1,376,823	1,252,162
Real estate under development	364,360	337,353
Notes receivable and preferred equity investments, net	96,307	126,656
Investments in and advances to unconsolidated affiliates	182,721	181,322
Cash and cash equivalents	86,797	79,189
Cash in escrow	25,363	19,822
Restricted cash	71,282	109,795
Rents receivable, net	30,839	29,574
Deferred charges, net	30,107	30,775
Acquired lease intangibles, net	42,305	33,663
Prepaid expenses and other assets	65,292	44,212
Assets of discontinued operations	0	20,434
Total assets	2,372,196	2,264,957
LIABILITIES
Mortgage and other notes payable	1,074,029	1,039,997
Distributions in excess of income from, and investments in, unconsolidated affiliates	8,491	8,701
Accounts payable and accrued expenses	39,584	38,050
Dividends and distributions payable	14,340	13,455
Acquired lease intangibles, net	23,848	22,394
Other liabilities	19,543	18,265
Liabilities of discontinued operations	0	2,507
Total liabilities	1,179,835	1,143,369
Shareholders' Equity
Common shares, $.001 par value, authorized 100,000,000 shares; issued and outstanding 59,151,817 and 55,643,068 shares, respectively	59	56
Additional paid-in capital	758,041	665,301
Accumulated other comprehensive (loss) income	(2,076)	1,132
Retained earnings	44,202	37,747
Total shareholders’ equity	800,226	704,236
Noncontrolling interests	392,135	417,352
Total equity	1,192,361	1,121,588
Total liabilities and equity	$ 2,372,196	$ 2,264,957