Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Investments in real estate:
Land	$ 321,235	$ 306,474
Buildings and improvements	748,740	745,962
Real estate related intangible assets	3,561	3,561
Total investments in properties	1,073,536	1,055,997
Accumulated depreciation and amortization	(243,747)	(229,211)
Assets held for sale, net of accumulated depreciation	8,064	54,361
Net investments in properties	837,853	881,147
Investment in unconsolidated joint venture	3,487	3,557
Net investments in real estate	841,340	884,704
Cash and cash equivalents	26,905
Deferred rent	16,753	16,650
Other assets, net	30,138	35,133
Total assets	915,136	936,487
Liabilities:
Mortgage notes payable	319,665	331,166
Mortgage note payable (related parties)	6,672	7,139
Revolving line of credit		3,305
Interest payable	1,524	1,606
Prepaid rent and deferred revenue	10,285	5,836
Dividends and distributions payable	13,687	13,687
Accounts payable and accrued expenses	17,681	16,344
Security deposits	3,865	4,317
Total liabilities	373,379	383,400
Commitments and contingencies (Note 7)
Equity:
Preferred stock, $.001 par value, 20,000,000 shares authorized, none issued and outstanding
Common stock, $.001 par value, 200,000,000 shares authorized, 22,668,020 and 22,586,020 shares issued and outstanding at September 30, 2012 and December 31, 2011	23	23
Additional paid-in capital	176,723	175,900
Distributions in excess of accumulated earnings	(35,299)	(32,962)
Total stockholders’ equity	141,447	142,961
Noncontrolling interests in operating partnerships	400,310	410,126
Total equity	541,757	553,087
Total liabilities and equity	$ 915,136	$ 936,487