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Consolidated Condensed Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Operating revenues:        
Rental income $ 20,075 $ 20,354 $ 40,087 $ 42,077
Tenant reimbursements 2,967 4,119 6,914 8,728
Other income 401 409 674 1,410
Total operating revenues 23,443 24,882 47,675 52,215
Operating expenses:        
Property operating and maintenance 2,863 2,489 5,272 4,999
Real estate taxes 3,014 2,994 5,442 6,044
General and administrative 911 522 1,562 1,043
Depreciation and amortization 5,993 5,509 11,986 11,000
Total operating expenses 12,781 11,514 24,262 23,086
Operating income 10,662 13,368 23,413 29,129
Other income (expenses):        
Equity in earnings of unconsolidated joint venture 60 27 174 18
Interest income 58 57 151 126
Interest expense (4,833) (5,246) (9,755) (10,525)
Interest expense – related parties (146) (144) (292) (291)
Income from continuing operations 5,801 8,062 13,691 18,457
Discontinued operations:        
Gain from disposal of discontinued operations 7,989   13,508  
Loss attributable to discontinued operations (81) (692) (237) (1,152)
Net income (loss) from discontinued operations 7,908 (692) 13,271 (1,152)
Net income 13,709 7,370 26,962 17,305
Net income attributable to noncontrolling interests (10,929) (5,491) (21,338) (13,027)
Net income available to common stockholders $ 2,780 $ 1,879 $ 5,624 $ 4,278
Net income per common share from continuing operations:        
Basic (in Dollars per share) $ 0.06 $ 0.09 $ 0.15 $ 0.20
Diluted (in Dollars per share) $ 0.06 $ 0.09 $ 0.15 $ 0.20
Net income per common share from discontinued operations:        
Basic (in Dollars per share) $ 0.06 $ (0.01) $ 0.10 $ (0.01)
Diluted (in Dollars per share) $ 0.06 $ (0.01) $ 0.09 $ (0.01)
Net income per common share to common stockholders:        
Basic (in Dollars per share) $ 0.12 $ 0.08 $ 0.25 $ 0.19
Diluted (in Dollars per share) $ 0.12 $ 0.08 $ 0.24 $ 0.19
Weighted average shares of common stock outstanding (basic) (in Shares) 22,668,020 22,495,605 22,652,844 22,392,427
Weighted average shares of common stock outstanding (diluted) (in Shares) 23,079,739 22,756,006 23,110,364 22,583,358