Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Real Estate Assets
Land	$ 30,601	$ 30,601
Buildings and improvements	743,101	728,230
Less: Accumulated depreciation	(147,336)	(137,725)
Total real estate assets	626,366	621,106
Construction in progress	182,699	146,904
Real Estate Assets, net	809,065	768,010
Cash and cash equivalents	7,928	5,210
Rents and other receivables, net	11,497	14,434
Acquired intangibles, net	4,413	5,396
Deferred costs, net	19,157	19,150
Prepaid expenses	4,804	1,797
Other assets, net	20,157	17,359
TOTAL ASSETS	877,021	831,356
LIABILITIES
Mortgage notes payable	88,294	88,839
Unsecured credit facility	314,500	256,500
Capital lease obligations	2,728	2,538
Accounts payable and accrued liabilities	53,737	63,204
Dividends payable	10,832	8,965
Advance rents, security deposits and other liabilities	3,331	3,261
Deferred income	8,105	7,892
Derivative liability	320	453
TOTAL LIABILITIES	481,847	431,652
EQUITY
Common stock, $0.01 par value, 450,133,000 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	290	289
Additional paid-in capital	319,551	318,834
Accumulated other comprehensive income (loss)	(252)	(357)
Accumulated deficit	(8,016)	(3,799)
Total stockholders' equity	311,573	314,967
Noncontrolling interests	83,601	84,737
TOTAL EQUITY	395,174	399,704
TOTAL LIABILITIES AND EQUITY	$ 877,021	$ 831,356