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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
OPERATING ACTIVITIES      
Net income $ 51,601 $ 19,324 $ 2,174
Results from discontinued operations (37,652) (5,653) (552)
Income from continuing operations 13,949 13,671 1,622
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:      
Deferred rent revenue and amortization of lease intangibles (6,967) (3,735) 1,080
Depreciation and amortization 61,853 55,936 34,419
Amortization of debt issuance costs and debt fair value adjustments 3,911 3,883 503
Early extinguishment of debt   25,867  
Loan transfer and consent fees   8,808  
Gain on acquisition of controlling interests   (46,371) (4,297)
Stock-based compensation expense 2,852 2,615  
Loss from real estate joint ventures   188 4,406
Distribution of earnings from real estate joint ventures     6,713
Other, net 2,422 2,666 800
Changes in operating assets and liabilities      
Change in restricted cash (1,000) 97 (74)
Change in accounts receivable 63 (3,570) (19)
Change in prepaid expenses and other assets 143 (2,040) (5,155)
Change in accounts payable and accrued expenses (1,799) 2,128 3,206
Change in security deposits and other liabilities 136 (943) (45)
Net cash provided by operating activities of continuing operations 75,563 59,200 43,159
Net cash provided by operating activities of discontinued operations 382 6,164 5,187
Net cash provided by operating activities 75,945 65,364 48,346
INVESTING ACTIVITIES      
Acquisition of real estate, net of cash acquired (273,990) (231,558) (32,962)
Capital expenditures (34,582) (10,777) (3,929)
Change in restricted cash-reserves for capital improvements 2,557 (3,069)  
Cash acquired from acquisition of controlling interests in real estate joint ventures   15,222  
Leasing commissions (3,456) (2,444) (1,536)
Purchase of marketable securities   (33,103)  
Maturity of marketable securities 4,384 4,993  
Sale of marketable securities 23,191    
Distribution of capital from real estate joint ventures     10,607
Issuance of notes receivable to affiliate     (800)
Net cash used in investing activities of continuing operations (281,896) (260,736) (28,620)
Net cash provided by (used in) investing activities of discontinued operations 87,601 29,047 (885)
Net cash used in investing activities (194,295) (231,689) (29,505)
FINANCING ACTIVITIES      
Issuance of secured notes payable 132,900 84,500 7,500
Repayment of secured notes payable (34,626) (264,250) (12,873)
Defeasance costs on repayment of secured notes payable   (24,345)  
Proceeds from unsecured line of credit 164,000    
Repayment of unsecured line of credit (164,000)    
Loan transfer and consent fees paid   (8,350)  
Issuance of unsecured notes payable     36,200
Repayment of unsecured notes payable   (38,013) (11,051)
Repayment of notes payable to affiliates   (19,279) (2,401)
Debt issuance costs (1,355) (2,961) (436)
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 (48,452) (46,123)  
Payments to nonaccredited investors   (6,075)  
Deferred offering costs (361)    
Contributions from Predecessor's controlling and noncontrolling interests     7,665
Distributions to Predecessor's controlling and noncontrolling interests   (39,960) (25,681)
Net cash provided by (used in) financing activities 48,106 237,095 (1,077)
Net (decrease) increase in cash and cash equivalents (70,244) 70,770 17,764
Cash and cash equivalents, beginning of period 112,723 41,953 24,189
Cash and cash equivalents, end of period $ 42,479 $ 112,723 $ 41,953