Equity Investments (Tables)

6 Months Ended

Jun. 30, 2012

Equity Investments

Schedule of equity investments

	Ownership Percentage				Equity Investments				Equity in Earnings
									Three Months Ended				Six Months Ended
	June 30,		December 31,		June 30,		December 31,		June 30,				June 30,
	2012		2011		2012		2011		2012		2011		2012		2011
GOV	21.1	%	21.1	%	$	169,421	$	172,186	$	2,680	$	2,864	$	5,593	$	5,539
AIC	25.0	%	14.3	%	10,816		5,291		149		46		194		83
					$	180,237	$	177,477	$	2,829	$	2,910	$	5,787	$	5,622

Schedule of summarized balance sheet information of equity method investee

	June 30,		December 31,
	2012		2011
Real estate properties, net	$	1,211,295	$	1,198,050
Acquired real estate leases, net	110,805		117,596
Cash and cash equivalents	1,394		3,272
Rents receivable, net	27,086		29,000
Other assets, net	32,244		20,657
Total assets	$	1,382,824	$	1,368,575
Unsecured revolving credit facility	$	27,000	$	345,500
Unsecured term loan	350,000		—
Mortgage notes payable	94,271		95,383
Assumed real estate lease obligations, net	10,721		11,262
Other liabilities	22,530		24,762
Shareholders’ equity	878,302		891,668
Total liabilities and shareholders’ equity	$	1,382,824	$	1,368,575

Schedule of summarized income statement information of equity method investee

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Rental income	$	50,273		$	42,107		$	100,728		$	81,335
Operating expenses	(19,144		)	(15,437		)	(37,365		)	(30,322		)
Depreciation and amortization	(12,153		)	(9,097		)	(24,225		)	(17,483		)
Acquisition related costs	(245		)	(1,009		)	(294		)	(1,838		)
General and administrative	(2,719		)	(2,566		)	(5,758		)	(4,909		)
Operating income	16,012			13,998			33,086			26,783
Interest and other income	6			20			14			35
Interest expense	(4,096		)	(3,076		)	(8,119		)	(5,613		)
Equity in earnings of an investee	76			46			121			83
Income before income tax expense	11,998			10,988			25,102			21,288
Income tax expense	(44		)	(56		)	(89		)	(102		)
Net income	$	11,954		$	10,932		$	25,013		$	21,186
Weighted average common shares outstanding	47,098			40,506			47,075			40,503
Net income per common share	$	0.25		$	0.27		$	0.53		$	0.52