Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
Cash flows from operating activities
Consolidated net income	$ 21,623	$ 13,184
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization (including amortization of deferred financing costs)	6,891	5,026
Amortization of lease intangibles	3,316	2,064
Straight-lining of rental income	(937)	378
Loan discount accretion	(11,167)	(6,087)
Discount accretion received in cash	13,290
Earnings of preferred equity investments	(498)	(253)
Distributions of income from preferred equity investments	336	293
(Income) losses of equity investments	(4,340)	1,328
Distributions of income from equity investments	8,081	3,793
Restricted cash held in escrows	750	1,207
Gain on sale of securities carried at fair value	(131)	(588)
Unrealized loss (gain) on securities carried at fair value	798	(4,280)
Unrealized gain on loan securities carried at fair value	(2,772)	(3,593)
Tenant leasing costs	(2,448)	(2,477)
Impairment loss on assets held for sale		2,720
Impairment loss on investment in real estate	3,000
Gain on extinguishment of debt	(8,514)
Loss on sale of real estate held for sale	58
Bad debt expense (recovery)	332	(612)
Net change in interest receivable	19	(236)
Net change in accounts receivable	688	1,844
Net change in accounts payable and accrued liabilities	1,284	771
Net cash provided by operating activities	29,659	14,482
Cash flows from investing activities
Investments in real estate	(5,788)	(3,003)
Proceeds from sale of real estate held for sale	2,151
Investment in equity investments	(67,901)	(24,605)
Investment in preferred equity investments	(7,208)
Proceeds from sale of equity investments	6,000
Return of capital distribution from equity investments	26,432
Purchase of securities carried at fair value	(568)	(3,056)
Proceeds from sale of securities carried at fair value	26,281	29,565
Proceeds from sale of available for sale securities		205
Proceeds from payoff of loan securities	8,748
Restricted cash held in escrows	2,828	(2,073)
Issuance and acquisition of loans receivable	(44,512)	(83,572)
Proceeds from sale of loans receivable		12,876
Collection of loans receivable	43,410	14,900
Net cash used in investing activities	(10,127)	(58,763)
Cash flows from financing activities
Proceeds from mortgage loans payable	11,000
Principal payments of mortgage loans payable	(47,307)	(4,994)
Proceeds from revolving line of credit	27,324	25,450
Payment of revolving line of credit	(52,774)
Proceeds from note payable	15,150
Restricted cash held in escrows	99	1,482
Deferred financing costs	(611)	(165)
Contribution from non-controlling interest	300	1,037
Distribution to non-controlling interest	(327)	(240)
Issuance of Common Shares through offering	61,386	66,867
Issuance of Common Shares under Dividend Reinvestment Plan	2,064	1,795
Dividend paid on Common Shares	(14,140)	(10,187)
Dividend paid on Series C Preferred Shares	(176)	(338)
Net cash provided by financing activities	1,988	80,707
Net increase in cash and cash equivalents	21,520	36,426
Cash and cash equivalents at beginning of period	45,257	66,493
Cash and cash equivalents at end of period	66,777	102,919
Supplemental Disclosure of Cash Flow Information
Interest paid	12,588	10,772
Taxes paid	52	98
Supplemental Disclosure on Non-Cash Investing and Financing Activities
Dividends accrued on Common Shares	5,356	4,385
Dividends accrued on Series C Preferred Shares	39	39
Capital expenditures accrued	684	1,643
Transfer from loan securities	662
Loan receivable	(6,534)	(10,220)
Transfer bridge loan to preferred equity investments	(2,022)
Transfer Marc Realty equity investments to loans receivable	12,544
Transfer Sealy loan receivable to equity investment	4,650
Transfer of loan assets to investments in real estate		8,188
Transfer of loan assets to investments in lease intangibles		$ 2,032