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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net earnings $ 6,646,000 $ 31,938,000
Adjustments to reconcile net earnings to net cash flow provided by operating activities:    
Depreciation and amortization expense 10,966,000 7,354,000
Impairment charges 10,552,000 3,094,000
Gains from dispositions of real estate (3,819,000) (629,000)
Deferred rental revenue, net of allowance (2,858,000) (213,000)
Allowance for deferred rent and accounts receivable 16,524,000 11,292,000
Amortization of above-market and below-market leases (245,000) (533,000)
Accretion expense 2,250,000 469,000
Stock-based employee compensation expense 547,000 480,000
Changes in assets and liabilities:    
Net investment in direct financing leases 523,000 334,000
Accounts receivable, net (14,968,000) (1,177,000)
Other assets (5,445,000) 547,000
Environmental remediation costs (5,169,000) (802,000)
Accounts payable and accrued liabilities (3,254,000) 540,000
Net cash flow provided by operating activities 12,250,000 52,694,000
Cash flows from investing activities:    
Property acquisitions and capital expenditures (2,494,000) (167,475,000)
Proceeds from dispositions of real estate 5,882,000 1,464,000
(Increase) decrease in cash held for property acquisitions (3,287,000) 149,000
Collection of notes and mortgages receivable 1,169,000 483,000
Issuance of notes receivable   (30,400,000)
Net cash flow provided by (used in) investing activities 1,270,000 (195,779,000)
Cash flows from financing activities:    
Borrowings under credit agreement 4,000,000 247,253,000
Repayments under credit agreement   (140,853,000)
Repayments under term loan agreement (585,000) (585,000)
Payments of cash dividends (4,202,000) (46,654,000)
Payments of loan origination costs (4,044,000) (175,000)
Net proceeds from issuance of common stock   91,986,000
Net cash flow provided by (used in) financing activities (4,831,000) 150,972,000
Net increase in cash and cash equivalents 8,689,000 7,887,000
Cash and cash equivalents at beginning of period 7,698,000 6,122,000
Cash and cash equivalents at end of period 16,387,000 14,009,000
Supplemental disclosures of cash flow information Cash paid (refunded) during the period for:    
Interest paid 4,550,000 4,536,000
Income taxes paid, net 417,000 115,000
Environmental remediation costs 2,279,000 2,092,000
Non-cash transactions:    
Issuance of mortgages related to property dispositions $ 2,561,000 $ 808,000