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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 8,339 $ 10,833
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of building and improvements and leasing costs 61,029 44,229
Increase in provision for bad debts 146 14
Depreciation of furniture, fixtures and equipment 530 431
Noncash amortization of share-based compensation awards 2,239 3,519
Noncash amortization of deferred financing costs and debt discounts and premiums 6,884 5,750
Noncash amortization of above/(below) market rents (Note 3) 1,398 32
Loss on early extinguishment of debt   4,564
Noncash amortization of deferred revenue related to tenant-funded tenant improvements (4,668) (4,775)
Changes in operating assets and liabilities:    
Marketable securities (752) (635)
Current receivables 1,380 483
Deferred rent receivables (8,906) (5,421)
Other deferred leasing costs 398 (2,594)
Prepaid expenses and other assets (3,519) (2,991)
Accounts payable, accrued expenses and other liabilities (6,384) (4,177)
Deferred revenue (577) 507
Rents received in advance and tenant security deposits (1,072) 7,619
Net cash provided by operating activities 56,465 57,388
CASH FLOWS FROM INVESTING ACTIVITIES:    
Expenditures for acquisition of operating properties (Note 2) (378,554) (373,574)
Expenditures for operating properties (28,230) (33,593)
Expenditures for development and redevelopment properties and undeveloped land (12,347) (8,113)
Net increase in escrow deposits (16,500)  
Decrease in restricted cash 112 1,096
Receipt of principal payments on note receivable   76
Net cash used in investing activities (435,519) (414,108)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from issuance of common stock (Note 7) 221,015 299,847
Borrowings on unsecured line of credit 302,000 288,000
Repayments on unsecured line of credit (216,000) (235,000)
Principal payments on secured debt (3,403) (100,104)
Repurchase of exchangeable senior notes   (151,097)
Proceeds from issuance of secured debt (Note 5) 135,000 71,000
Proceeds from issuance of unsecured debt   247,870
Financing costs (5,201) (4,643)
Decrease in loan deposits 2,027 1,420
Repurchase of common stock and restricted stock units (732) (2,121)
Proceeds from exercise of stock options 395 83
Dividends and distributions paid to common stockholders and common unitholders (37,877) (31,392)
Dividends and distributions paid to preferred stockholders and preferred unitholders (7,598) (7,598)
Net cash provided by financing activities 389,626 376,265
Net increase in cash and cash equivalents 10,572 19,545
Cash and cash equivalents, beginning of period 14,840 9,883
Cash and cash equivalents, end of period 25,412 29,428
SUPPLEMENTAL CASH FLOWS INFORMATION:    
Cash paid for interest, net of capitalized interest of $3,327 and $4,055 as of June 30, 2011 and 2010, respectively 34,568 18,634
NONCASH INVESTING TRANSACTIONS:    
Accrual for expenditures for operating properties and development and redevelopment properties 9,966 11,378
Tenant improvements funded directly by tenants to third parties 3,027 1,946
Assumption of secured debt with property acquisition (Notes 2 and 5) 30,042 51,079
Assumption of other liabilities with property acquisitions (Note 2) 4,438 6,369
NONCASH FINANCING TRANSACTIONS:    
Accrual of dividends and distributions payable to common stockholders and common unitholders 21,064 18,907
Accrual of dividends and distributions payable to preferred stockholders and preferred unitholders 1,909 1,909
Issuance of share-based compensation awards (Note 9) 7,216 5,418
Exchange of common units of the Operating Partnership into shares of the Company's common stock $ 91