Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2012

Commitments and Contingencies Disclosure [Abstract]

The Company had several development projects ongoing at June 30, 2012, including one construction project, two construction mortgage notes and eleven properties in the process of stabilization subsequent to construction as detailed in the following table.



(Dollars in thousands)	Number of Properties	Funded During Three Months Ended June 30, 2012		Total Amount Funded Through June 30, 2012		Estimated Remaining Budget		Estimated Total Budget		Approximate Square Feet
Construction in progress (1)	1	$	2,169	$	9,009	$	4,950	$	13,959	96,433
Construction mortgage notes	2	15,597		68,694		133,920		202,614		386,000
Stabilization in progress (1)	11	6,979		379,494		16,532		396,026		1,185,863
Land held for development	—	—		25,171		—		—		—
Total	14	$	24,745	$	482,368	$	155,402	$	612,599	1,668,296

⁽¹⁾ The estimated total budget for the development properties reflects the original budget including estimated tenant improvement allowances but does not include any estimate of excess tenant improvement cost financing by the Company. To the extent actual amounts funded for the development properties reflect excess tenant improvement costs financed by the Company, the estimated remaining fundings could be greater than the amount budgeted.

Construction in Progress

The table below details the Company’s construction in progress and land held for development as of June 30, 2012. The information included in the table represents management’s estimates and expectations at June 30, 2012, which are subject to change. The Company’s disclosures regarding certain projections or estimates of completion dates may not reflect actual results.



State	Estimated Completion Date	Property Type (2)	Properties	Approximate Square Feet	CIP at June 30, 2012		Estimated Remaining Budget		Estimated Total Budget
(Dollars in thousands)
Under construction: ⁽¹⁾
Texas	3Q 2012	MOB	1	96,433	$	9,009	$	4,950	$	13,959
Land held for development:
Iowa			—		4,399
Texas			—		20,772
			1	96,433	$	34,180	$	4,950	$	13,959

⁽¹⁾ The estimated total budget for the development property reflects the original budget including estimated tenant improvement allowances but does not include any estimate of excess tenant improvement cost financing by the Company. To the extent actual amounts funded for the development property reflect excess tenant improvement costs financed by the Company, the estimated remaining fundings could be greater than the amount budgeted.

⁽²⁾ MOB-Medical office building.