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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income $ 12,711 $ 3,398
Adjustments to reconcile net income to net cash provided by operating activities:    
Change in fair value of derivatives 2 (10)
Depreciation and amortization of deferred leasing costs 10,180 16,352
Amortization of deferred debt costs 330 311
Non cash compensation costs of stock grants and options 205 139
Provision for credit losses 203 264
(Increase) decrease in accounts receivable and accrued income (67) 92
Additions to deferred leasing costs (701) (907)
(Increase) decrease in prepaid expenses 657 (170)
Increase in other assets (1,374) (2,121)
Increase in accounts payable, accrued expenses and other liabilities 4,307 218
Decrease in deferred income (2,528) (1,886)
Net cash provided by operating activities 23,925 15,680
Cash flows from investing activities:    
Acquisition of real estate investment (8,000) 0
Additions to real estate investments (3,227) (3,635)
Additions to development and redevelopment projects (2,661) (1,429)
Net cash used in investing activities (13,888) (5,064)
Cash flows from financing activities:    
Proceeds from mortgage notes payable 0 48,600
Repayments on mortgage notes payable (5,433) (35,390)
Proceeds from revolving credit facility 6,000 113,000
Repayments on revolving credit facility (6,000) (126,000)
Additions to deferred debt costs 0 (899)
Proceeds from the issuance of:    
Common stock 2,718 6,302
Partnership units 4,184 0
Preferred stock redemption costs 0 (9)
Distributions to:    
Common stockholders (7,408) (7,217)
Noncontrolling interest (2,838) (2,489)
Net cash used in financing activities (11,983) (14,267)
Net decrease in cash and cash equivalents (1,946) (3,651)
Cash and cash equivalents, beginning of period 17,297 12,133
Cash and cash equivalents, end of period 15,351 8,482
Series C Preferred Stock
   
Proceeds from the issuance of:    
Series C preferred stock 0 135,229
Distributions to:    
Preferred stockholders (2,406) 0
Series A Preferred Stock
   
Proceeds from the issuance of:    
Preferred stock redemption payments 0 (60,000)
Distributions to:    
Preferred stockholders (800) (2,813)
Series B Preferred Stock
   
Proceeds from the issuance of:    
Preferred stock redemption payments 0 (79,328)
Distributions to:    
Preferred stockholders $ 0 $ (3,253)