Equity Investments (Tables)

3 Months Ended

Mar. 31, 2012

Equity Investments

Schedule of equity investments

	Ownership Percentage				Equity Investments				Equity in Earnings
									Three Months Ended
	March 31,		December 31,		March 31,		December 31,		March 31,
	2012		2011		2012		2011		2012		2011
GOV	21.1	%	21.1	%	$	170,920	$	172,186	$	2,913	$	2,675
AIC	14.3	%	14.3	%	5,335		5,291		45		37
					$	176,255	$	177,477	$	2,958	$	2,712

Schedule of summarized balance sheet information of equity method investee

	March 31,		December 31,
	2012		2011
Real estate properties, net	$	1,191,091	$	1,198,050
Acquired real estate leases, net	112,178		117,596
Cash and cash equivalents	9,275		3,272
Rents receivable, net	26,472		29,000
Other assets, net	24,231		20,657
Total assets	$	1,363,247	$	1,368,575
Unsecured revolving credit facility	$	—	$	345,500
Unsecured term loan	350,000		—
Mortgage notes payable	94,826		95,383
Assumed real estate lease obligations, net	10,482		11,262
Other liabilities	22,034		24,762
Shareholders’ equity	885,905		891,668
Total liabilities and shareholders’ equity	$	1,363,247	$	1,368,575

Schedule of summarized income statement information of equity method investee

	Three Months Ended March 31,
	2012			2011
Rental income	$	50,455		$	39,228
Operating expenses	(18,221		)	(14,885		)
Depreciation and amortization	(12,072		)	(8,386		)
Acquisition related costs	(49		)	(829		)
General and administrative	(3,039		)	(2,343		)
Operating income	17,074			12,785
Interest and other income	8			15
Interest expense	(4,023		)	(2,537		)
Equity in earnings of an investee	45			37
Income before income tax expense	13,104			10,300
Income tax expense	(45		)	(46		)
Net income	$	13,059		$	10,254
Weighted average common shares outstanding	47,052			40,501
Net income per common share	$	0.28		$	0.25