BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Real Estate Assets
Land	$ 48,576	$ 30,601
Buildings and improvements	894,014	728,230
Less: Accumulated depreciation	(168,210)	(137,725)
Total real estate assets	774,380	621,106
Construction in progress	174,470	146,904
Real Estate Assets, net	948,850	768,010
Cash and cash equivalents	5,045	5,210
Rents and other receivables, net	13,928	14,434
Acquired intangibles, net	18,745	5,396
Deferred costs, net	33,686	19,150
Prepaid expenses	4,042	1,797
Other assets, net	25,853	17,359
TOTAL ASSETS	1,050,149	831,356
LIABILITIES
Mortgage notes payable	87,175	88,839
Unsecured credit facility	197,000	256,500
Senior notes	297,671
Capital lease obligations	9,042	2,538
Accounts payable and accrued liabilities	52,094	63,204
Dividends payable	10,541	8,965
Advance rents, security deposits and other liabilities	3,217	3,261
Deferred income	9,529	7,892
Derivative liability		453
TOTAL LIABILITIES	666,269	431,652
EQUITY
Common stock, $0.01 par value, 450,133,000 shares authorized, 29,016,774 and 28,972,774 shares issued and outstanding as of September 30, 2014 and December 31, 2013, respectively	290	289
Additional paid-in capital	321,119	318,834
Accumulated other comprehensive income (loss)		(357)
Accumulated dividends in excess of earnings	(18,599)	(3,799)
Total stockholders' equity	302,810	314,967
Noncontrolling interests	81,070	84,737
TOTAL EQUITY	383,880	399,704
TOTAL LIABILITIES AND EQUITY	$ 1,050,149	$ 831,356