Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Cash flows from operating activities
Net income	$ 11,459	$ 9,201
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization (including amortization of deferred financing costs)	4,629	3,307
Amortization of lease intangibles	2,337	1,369
Straight-lining of rental income	(709)	708
Loan discount accretion	(8,793)	(3,742)
Discount accretion received in cash	8,540
Earnings of preferred equity investments	(241)	(168)
Distributions of income from preferred equity investments	60	229
(Income) losses of equity investments	(1,520)	919
Distributions of income from equity investments	3,813	2,254
Restricted cash held in escrows	1,359	1,656
Gain on sale of securities carried at fair value	(131)	(773)
Unrealized gain on securities carried at fair value	(163)	(1,790)
Unrealized gain on loan securities carried at fair value	(2,847)	(3,012)
Tenant leasing costs	(581)	(2,349)
Impairment loss on real estate held for sale		1,000
Bad debt expense (recovery)	191	(250)
Net change in interest receivable	(161)	(113)
Net change in accounts receivable	(1,131)	2,116
Net change in accounts payable and accrued liabilities	1,068	1,307
Net cash provided by operating activities	17,179	11,869
Cash flows from investing activities
Investments in real estate	(4,139)	(1,753)
Investment in equity investments	(59,562)	(12,873)
Investment in preferred equity investments	(3,942)
Proceeds from sale of equity investments	6,000
Return of capital distribution from equity investments	26,130
Purchase of securities carried at fair value	(568)	(1,856)
Proceeds from sale of securities carried at fair value	26,281	13,174
Proceeds from sale of available for sale securities		205
Proceeds from payoff of loan securities	8,748
Restricted cash held in escrows	(1,417)	(2,171)
Issuance and acquisition of loans receivable	(44,161)	(26,451)
Proceeds from sale of loans receivable		3,000
Collection of loans receivable	12,717	12
Deposits on acquisition of loans receivable		(4,100)
Net cash used in investing activities	(33,913)	(32,813)
Cash flows from financing activities
Proceeds from mortgage loans payable	11,000
Principal payments of mortgage loans payable	(30,692)	(3,392)
Proceeds from revolving line of credit	27,324
Payment of revolving line of credit	(52,774)
Proceeds from note payable	15,150
Restricted cash held in escrows	(501)	1,446
Deferred financing costs	(612)	(164)
Contribution from non-controlling interest	277	519
Distribution to non-controlling interest	(194)	(200)
Issuance of Common Shares through offering	61,386
Issuance of Common Shares under Dividend Reinvestment Plan	1,368	1,180
Dividend paid on Common Shares	(8,794)	(6,746)
Dividend paid on Series C Preferred Shares	(117)	(279)
Net cash provided by (used in) financing activities	22,821	(7,636)
Net increase (decrease) in cash and cash equivalents	6,087	(28,580)
Cash and cash equivalents at beginning of period	45,257	66,493
Cash and cash equivalents at end of period	51,344	37,913
Supplemental Disclosure of Cash Flow Information
Interest paid	8,865	7,216
Taxes paid	47	98
Supplemental Disclosure on Non-Cash Investing and Financing Activities
Dividends accrued on Common Shares	5,346	3,442
Dividends accrued on Series C Preferred Shares	39	39
Capital expenditures accrued	172	165
Transfer from loan securities	662
Loan receivable	(11,184)
Transfer bridge loan to preferred equity investments	(2,022)
Transfer Marc Realty seller financing from equity investments	$ 12,544