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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
OPERATING ACTIVITIES    
Net income $ 6,658 $ 4,865
Adjustments to reconcile income from operations to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (1,545) (1,163)
Depreciation and amortization 16,341 17,013
Amortization of debt issuance costs and debt fair value adjustments 1,015 983
Stock-based compensation expense 519 676
Other, net (362) (1,202)
Changes in operating assets and liabilities    
Change in restricted cash (1,141) (500)
Change in accounts receivable 1,022 (1,198)
Change in other assets (392) (216)
Change in accounts payable and accrued expenses 4,705 5,956
Change in security deposits payable 58 211
Change in other liabilities and deferred credits 1,115 247
Net cash provided by operating activities 27,993 25,672
INVESTING ACTIVITIES    
Capital expenditures (30,300) (9,902)
Change in restricted cash (303) 518
Leasing commissions (996) (338)
Net cash used in investing activities (31,599) (9,722)
FINANCING ACTIVITIES    
Change in restricted cash 0 1,400
Repayment of secured notes payable (405) (943)
Proceeds from term loan 100,000 0
Repayment of line of credit (93,000) 0
Debt issuance costs (1,957) 0
Proceeds from issuance of common stock, net 46,926 0
Dividends paid to common stock and unitholders (13,140) (12,114)
Shares withheld for employee taxes (4,319) 0
Net cash (used in) provided by financing activities 34,105 (14,457)
Net increase (decrease) in cash and cash equivalents 30,499 1,493
Cash and cash equivalents, beginning of period 48,987 42,479
Cash and cash equivalents, end of period $ 79,486 $ 43,972