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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income $ 34,842 $ 39,780 $ 30,294
Adjustments to reconcile net income to net cash provided by operating activities:      
Change in fair value of derivatives 7 (36) 1,332
Gain on sale of property, discontinued operations 0 (4,510) 0
Gain on casualty settlement, continuing operations (77) (219) (245)
Depreciation and amortization of deferred leasing costs 49,130 40,189 35,400
Amortization of deferred debt costs 1,257 1,576 1,547
Non cash compensation costs of stock grants and options 1,145 952 948
Provision for credit losses 968 1,151 1,883
(Increase) decrease in accounts receivable and accrued income (3,669) (3,240) (5,291)
Additions to deferred leasing costs (5,876) (5,362) (6,257)
(Increase) decrease in prepaid expenses (152) (54) (844)
(Increase) decrease in other assets 353 9,573 (3,668)
Increase (decrease) in accounts payable, accrued expenses and other liabilities (3,286) (930) 1,478
Decrease in deferred income (1,115) (447) (908)
Net cash provided by operating activities 73,527 78,423 55,669
Cash flows from investing activities:      
Acquisitions of real estate investments, net (5,124) (34,050) (170,100)
Additions to real estate investments (13,999) (12,680) (11,624)
Additions to development and redevelopment projects (7,316) (7,913) (20,780)
Proceeds from sale of properties 0 5,818 0
Proceeds from casualty settlement 405 1,952 1,004
Net cash used in investing activities (26,034) (46,873) (201,500)
Cash flows from financing activities:      
Proceeds from mortgage notes payable 101,600 83,500 286,000
Repayments on mortgage notes payable (71,308) (117,595) (82,685)
Proceeds from construction loans payable 0 0 13,410
Repayments on construction loans payable 0 0 (104,243)
Proceeds from revolving credit facility 142,000 38,000 16,000
Repayments on revolving credit facility (180,000) (8,000) (8,000)
Additions to deferred debt costs (3,219) (2,199) (1,445)
Proceeds from the issuance of:      
Common stock 22,292 27,784 27,101
Partnership units 4,144 0 49,589
Preferred stock redemption costs (9) 0 0
Distributions to:      
Preferred stockholders (14,561) (15,140) (15,140)
Common stockholders (29,205) (28,135) (27,062)
Noncontrolling interest (9,956) (9,955) (8,339)
Net cash provided by (used in) financing activities (42,329) (31,740) 145,186
Net increase (decrease) in cash and cash equivalents 5,164 (190) (645)
Cash and cash equivalents, beginning of year 12,133 12,323 12,968
Cash and cash equivalents, end of year 17,297 12,133 12,323
Supplemental disclosure of cash flow information:      
Cash paid for interest 45,743 48,302 42,948
Series A Preferred Stock
     
Proceeds from the issuance of:      
Preferred stock redemption payments (60,000) 0 0
Distributions to:      
Preferred stockholders (5,213) (8,000) (8,000)
Series B Preferred Stock
     
Proceeds from the issuance of:      
Preferred stock redemption payments (79,328) 0 0
Distributions to:      
Preferred stockholders (3,253) (7,140) (7,140)
Series C Preferred Stock
     
Proceeds from the issuance of:      
Series C preferred stock 135,221 0 0
Distributions to:      
Preferred stockholders $ (6,095) $ 0 $ 0