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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
OPERATING ACTIVITIES    
Net income $ 5,495 $ 14,051
Results from discontinued operations    (792)
Income (loss) from continuing operations 5,495 13,259
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (3,282) (604)
Depreciation and amortization 29,924 26,089
Amortization of debt issuance costs and debt fair value adjustments 1,979 1,895
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 1,406 1,190
Loss from real estate joint ventures      
Other, net 745 1,116
Changes in operating assets and liabilities    
Change in restricted cash (1,262) (306)
Change in accounts receivable 1,723 (1,509)
Change in other assets 255 102
Change in accounts payable and accrued expenses (1,459) (1,343)
Change in security deposits and other liabilities (182) (972)
Net cash provided by operating activities of continuing operations 35,342 27,432
Net cash provided by operating activities of discontinued operations   1,275
Net cash provided by operating activities 35,342 28,707
INVESTING ACTIVITIES    
Acquisition of real estate, net of cash acquired (32,918) (128,877)
Capital expenditures (12,101) (2,456)
Change in restricted cash (495) (1,511)
Cash acquired from acquisition of controlling interests in real estate joint ventures   15,223
Leasing commissions (1,365) (870)
Purchase of marketable securities   (33,103)
Maturity of marketable securities 3,324 1,710
Deposit on property acquisition   (91,600)
Net cash used in investing activities of continuing operations (43,555) (241,484)
Net cash used in investing activities of discontinued operations 0 (208)
Net cash used in investing activities (43,555) (241,692)
FINANCING ACTIVITIES    
Issuance of secured notes payable 21,900 84,500
Repayment of secured notes payable (2,315) (262,003)
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) (2,961)
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 (24,226) (21,898)
Deferred offering costs (361)  
Payments to nonaccredited investors   (6,075)
Distributions to Predecessor's controlling and non-controlling interests   (39,960)
Net cash (used in) provided by financing activities (5,926) 263,567
Net (decrease) increase in cash and cash equivalents (14,139) 50,582
Cash and cash equivalents, beginning of period 112,723 41,953
Cash and cash equivalents, end of period $ 98,584 $ 92,535