Equity Investments (Tables)

9 Months Ended

Sep. 30, 2011

Equity Investments

Schedule of equity investments

	Ownership Percentage				Equity Investments				Equity in Earnings (Loss)
	September 30,		December 31,		September 30,		December 31,		Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010		2011		2010		2011		2010
GOV	21.1	%	24.6	%	$	173,407	$	166,388	$	2,740	$	1,964	$	8,279	$	6,660
AIC	14.3	%	14.3	%	5,245		5,076		28		35		111		(17		)
					$	178,652	$	171,464	$	2,768	$	1,999	$	8,390	$	6,643

Schedule of summarized balance sheet information of equity method investee

	September 30, 2011		December 31, 2010
Real estate properties, net	$	1,104,560	$	846,447
Acquired real estate leases, net	103,901		60,097
Cash and cash equivalents	5,724		2,437
Rents receivable, net	22,096		19,200
Other assets, net	30,387		23,107
Total assets	$	1,266,668	$	951,288
Revolving credit facility	$	282,500	$	118,000
Mortgage notes payable	45,608		46,428
Assumed real estate lease obligations, net	11,853		13,679
Other liabilities	28,518		15,784
Shareholders’ equity	898,189		757,397
Total liabilities and shareholders’ equity	$	1,266,668	$	951,288

Schedule of summarized income statement information of equity method investee

Income Statements:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
Rental income	$	45,719		$	30,746		$	126,718		$	80,040
Operating expenses	(16,951		)	(11,275		)	(46,937		)	(27,537		)
Depreciation and amortization	(10,379		)	(6,321		)	(27,862		)	(16,602		)
Acquisition related costs	(1,008		)	(2,687		)	(2,846		)	(4,542		)
General and administrative	(2,746		)	(1,833		)	(7,655		)	(4,915		)
Operating income	14,635			8,630			41,418			26,444
Interest and other income	54			12			89			80
Interest expense	(3,162		)	(1,973		)	(8,775		)	(5,182		)
Equity in earnings (losses) of an investee	28			35			111			(17		)
Income before income tax expense	11,555			6,704			32,843			21,325
Income tax benefit (expense)	8			(35		)	(94		)	(71		)
Net income	$	11,563		$	6,669		$	32,749		$	21,254
Weighted average common shares outstanding	45,322			36,369			42,127			32,265
Net income per common share	$	0.26		$	0.18		$	0.78		$	0.66