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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
OPERATING ACTIVITIES    
Net income $ 2,871 $ 13,596
Results from discontinued operations   (331)
Income from continuing operations 2,871 13,265
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (1,428) 223
Depreciation and amortization 15,253 12,155
Amortization of debt issuance costs and debt fair value adjustments 974 865
Early extinguishment of debt   25,867
Loan transfer and consent fees   9,019
Gain on acquisition of controlling interests   (46,371)
Stock-based compensation expense 699 491
Other, net 416 935
Changes in operating assets and liabilities    
Change in restricted cash (824) 1,391
Change in accounts receivable 1,493 (1,409)
Change in other assets (1,309) (1,456)
Change in accounts payable and accrued expenses 584 (524)
Change in security deposits and other liabilities (229) 131
Net cash provided by operating activities of continuing operations 18,500 14,582
Net cash provided by operating activities of discontinued operations   688
Net cash provided by operating activities 18,500 15,270
INVESTING ACTIVITIES    
Acquisition of real estate, net of cash acquired (32,918) (128,877)
Capital expenditures (6,001) (962)
Change in restricted cash (139) (1,403)
Cash acquired from acquisition of controlling interests in real estate joint ventures   15,222
Leasing commissions (467) (206)
Purchase of marketable securities   (33,103)
Maturity of marketable securities 1,613  
Net cash used in investing activities of continuing operations (37,912) (149,329)
Net cash used in investing activities of discontinued operations   (220)
Net cash used in investing activities (37,912) (149,549)
FINANCING ACTIVITIES    
Issuance of secured notes payable 21,900  
Repayment of secured notes payable (1,161) (260,916)
Defeasance costs on repayment of secured notes payable   (24,345)
Loan transfer and consent fees paid   (8,350)
Repayment of unsecured notes payable   (38,013)
Repayment of notes payable to affiliates   (19,279)
Debt issuance costs (924) (2,507)
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 (12,113) (9,784)
Deferred offering costs (361)  
Payments to nonaccredited investors   (6,075)
Distributions to Predecessor's controlling and noncontrolling interests   (39,960)
Net cash provided by financing activities 7,341 192,722
Net (decrease) increase in cash and cash equivalents (12,071) 58,443
Cash and cash equivalents, beginning of period 112,723 41,953
Cash and cash equivalents, end of period $ 100,652 $ 100,396