Pro Forma Results of the Company (Tables)

6 Months Ended

Jun. 30, 2011

Acquisitions [Abstract]

Pro forma consolidated results of operations of the company

	Three Months Ended(1)						Six Months Ended(1)
	June 30,						June 30,
	2011			2010			2011			2010
	(in thousands except per share amounts)
Revenues	$	95,050		$	76,981		$	187,478		$	148,282
Net (loss) income available to common stockholders(2)(3)	$	(585	)	$	(1,544	)	$	(645	)	$	3,876
Net (loss) income available to common stockholders per share—basic(2)(3)	$	(0.02	)	$	(0.04	)	$	(0.02	)	$	0.07
Net (loss) income available to common stockholders per share—diluted(2)(3)	$	(0.02	)	$	(0.04	)	$	(0.02	)	$	0.07

(1)	The purchase of 601 108th Avenue N.E., Bellevue, WA, represents the largest acquisition and 52.1% of the total aggregate purchase price of the properties acquired during the six months ended June 30, 2011.
(2)	The pro forma earnings for the three and six months ended June 30, 2011 were adjusted to exclude non-recurring, acquisition-related expenses of $0.3 million incurred in 2011 for 601 108th Avenue N.E., Bellevue, WA. The pro forma data for the three and six months ended June 30, 2010 were adjusted to include these charges.
(3)	The pro forma earnings for all periods presented includes incremental interest expense associated with the pro forma borrowings under the Credit Facility. The pro forma interest expense estimate is calculated based on the applicable interest rate. Actual funding of the acquisition may be from different sources and the pro forma borrowing and related pro forma interest expense estimate assumed herein are not indicative of actual results.

Actual results for certain operating data for the property

	(in thousands)
Revenues	$	1,425
Net income(1)		7

(1) Reflects the net operating income less depreciation for this property and amortization of acquisition-related intangibles.