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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
OPERATING ACTIVITIES      
Net income $ 19,324 $ 2,174 $ 5,239
Results from discontinued operations (5,080) (331) (494)
Income from continuing operations 14,244 1,843 4,745
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:      
Deferred rent revenue and amortization of lease intangibles (2,616) 2,124 623
Depreciation and amortization 57,639 36,356 28,473
Amortization of debt issuance costs and debt fair value adjustments 3,954 561 614
Early extinguishment of debt 25,867    
Loan transfer and consent fees 9,019    
Gain on acquisition of controlling interests (46,371) (4,297)  
Stock-based compensation expense 2,615    
Loss from real estate joint ventures 188 4,406 4,865
Distribution of earnings from real estate joint ventures   6,714 7,634
Other, net 2,669 794 267
Changes in operating assets and liabilities      
Change in restricted cash 112 (27) (55)
Change in accounts receivable (3,566) 87 91
Change in prepaid expenses and other assets (2,037) (5,135) (89)
Change in accounts payable and accrued expenses 2,526 3,342 (1,411)
Change in security deposits and other liabilities (616) 60 (13)
Net cash provided by operating activities of continuing operations 63,627 46,828 45,744
Net cash provided by operating activities of discontinued operations 1,737 1,518 1,757
Net cash provided by operating activities 65,364 48,346 47,501
INVESTING ACTIVITIES      
Acquisition of real estate, net of cash acquired (228,558) (32,962)  
Capital expenditures (10,956) (4,122) (6,291)
Change in restricted cash (3,070)   (17)
Cash acquired from acquisition of controlling interests in real estate joint ventures 15,222    
Leasing commissions (3,295) (1,635) (1,551)
Purchase of marketable securities (33,103)    
Maturity of marketable securities 4,993    
Deposit on property acquisition (3,000)    
Distribution of capital from real estate joint ventures   10,607  
Issuance of notes receivable to affiliate   (800) (30)
Repayment of notes receivable from affiliates     1,160
Net cash used in investing activities of continuing operations (261,767) (28,912) (6,729)
Net cash provided by (used in) investing activities of discontinued operations 30,078 (593) (815)
Net cash used in investing activities (231,689) (29,505) (7,544)
FINANCING ACTIVITIES      
Issuance of secured notes payable 84,500 7,500 24,887
Repayment of secured notes payable (264,250) (12,873) (25,172)
Defeasance costs on repayment of secured notes payable (24,345)    
Loan transfer and consent fees paid (8,350)    
Issuance of unsecured notes payable   36,200  
Repayment of unsecured notes payable (38,013) (11,051) (8,279)
Repayment of notes payable to affiliates (19,279) (2,401) (2,173)
Debt issuance costs (2,961) (436) (559)
Proceeds from issuance of common stock, net 596,541    
Proceeds from private placement of common units 5,410    
Dividends paid to common stock and unitholders (46,123)    
Payments to nonaccredited investors (6,075)    
Contributions from Predecessor's controlling and noncontrolling interests   7,665 1,196
Distributions to Predecessor's controlling and noncontrolling interests (39,960) (25,681) (24,646)
Net cash provided by (used in) financing activities 237,095 (1,077) (34,746)
Net increase in cash and cash equivalents 70,770 17,764 5,211
Cash and cash equivalents, beginning of period 41,953 24,189 18,978
Cash and cash equivalents, end of period $ 112,723 $ 41,953 $ 24,189