XML 53 R31.htm IDEA: XBRL DOCUMENT v2.4.1.9
Real Estate Assets Real Estate Assets (Tables) (Pro Forma 2013 Acquisitions [Member])
 12 Months Ended
Dec. 31, 2014
Pro Forma 2013 Acquisitions [Member]
  
Significant Acquisitions and Disposals [Line Items]  
Schedule of Purchase Price Allocation
The following table sets forth a summary of the fair value of the major assets acquired and liabilities assumed relating to the 2013 acquisitions in Orlando, FL and Nashville, TN and the 553,000 rentable square foot office property in Atlanta, GA discussed in the preceding paragraphs:
 
 
Total
Purchase Price Allocation
Real estate assets
$
445,396

Acquisition-related intangible assets (in deferred financing and leasing costs)
50,595

Mortgages and notes payable
(127,891
)
Acquisition-related below market lease liabilities (in accounts payable, accrued expenses and other liabilities)
(17,818
)
Total allocation
$
350,282
Business Acquisition, Pro Forma Information
The following table sets forth our revenues and net income, adjusted for interest expense and depreciation and amortization related to purchase price allocations, acquisition costs and equity in earnings of unconsolidated affiliates previously recognized as income assuming the Orlando, FL, Nashville, TN and Atlanta, GA acquisitions discussed in the preceding paragraph had been completed as of January 1, 2012:
 
 
Year Ended December 31,
 
2013
 
(unaudited)
Pro forma revenues
$
593,778

Pro forma net income
$
121,754

Pro forma earnings per share - basic
$
1.33

Pro forma earnings per share - diluted
$
1.33