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Condensed Consolidated Statements of Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenue:        
Rental $ 56,760 $ 37,944 $ 145,618 $ 109,207
Related party revenue:        
Management fees and interest income from loans 1,665 3,485 4,929 9,146
Other 21 39 64 112
Total revenue 58,446 41,468 150,611 118,465
Expenses:        
Real estate operating expenses 13,991 9,642 35,877 26,938
Real estate taxes and insurance 8,801 5,761 22,704 16,946
Depreciation and amortization 22,163 13,367 54,863 39,031
Selling, general and administrative 3,477 3,141 9,213 7,454
Interest 5,474 4,187 13,856 11,901
Total expenses 53,906 36,098 136,513 102,270
Income before interest income, equity in earnings (losses) of non-consolidated REITs and taxes 4,540 5,370 14,098 16,195
Interest income 5 5 10 17
Equity in earnings (losses) of non-consolidated REITs (431) 176 (814) 1,061
Income before taxes on income 4,114 5,551 13,294 17,273
Taxes on income 118 80 352 236
Income from continuing operations 3,996 5,471 12,942 17,037
Discontinued operations:        
Income (loss) from discontinued operations, net of income tax 98 (169) 294 (563)
Provision for loss on property held for sale of $14,300 less applicable income tax   (14,300)   (14,300)
Total discontinued operations 98 (14,469) 294 (14,863)
Net income (loss) $ 4,094 $ (8,998) $ 13,236 $ 2,174
Weighted average number of shares outstanding, basic and diluted (in shares) 100,187 82,937 91,720 82,937
Earnings per share, basic and diluted, attributable to:        
Continuing operations (in dollars per share) $ 0.04 $ 0.07 $ 0.14 $ 0.21
Discontinued operations (in dollars per share) $ 0.00 $ (0.18) $ 0.00 $ (0.18)
Net income (loss) per share, basic and diluted (in dollars per share) $ 0.04 $ (0.11) $ 0.14 $ 0.03