BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Real Estate Assets
Land	$ 48,576	$ 30,601
Buildings and improvements	829,057	728,230
Less: Accumulated depreciation	(157,202)	(137,725)
Total real estate assets	720,431	621,106
Construction in progress	183,516	146,904
Real Estate Assets, net	903,947	768,010
Cash and cash equivalents	7,489	5,210
Rents and other receivables, net	12,574	14,434
Acquired intangibles, net	19,554	5,396
Deferred costs, net	23,076	19,150
Prepaid expenses	4,298	1,797
Other assets, net	19,989	17,359
TOTAL ASSETS	990,927	831,356
LIABILITIES
Mortgage notes payable	87,739	88,839
Unsecured credit facility	439,000	256,500
Capital lease obligations	4,441	2,538
Accounts payable and accrued liabilities	47,584	63,204
Dividends payable	10,657	8,965
Advance rents, security deposits and other liabilities	3,197	3,261
Deferred income	8,177	7,892
Derivative liability	159	453
TOTAL LIABILITIES	600,954	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 at June 30, 2014 and December 31, 2013, respectively	290	289
Additional paid-in capital	320,390	318,834
Accumulated other comprehensive income (loss)	(124)	(357)
Accumulated deficit	(13,341)	(3,799)
Total stockholders' equity	307,215	314,967
Noncontrolling interests	82,758	84,737
TOTAL EQUITY	389,973	399,704
TOTAL LIABILITIES AND EQUITY	$ 990,927	$ 831,356