Equity Investments (Tables)

9 Months Ended

Sep. 30, 2012

Equity Investments

Schedule of equity investments

	Ownership Percentage				Equity Investments				Equity in Earnings
									Three Months Ended				Nine Months Ended
	September 30,		December 31,		September 30,		December 31,		September 30,				September 30,
	2012		2011		2012		2011		2012		2011		2012		2011
GOV	21.1	%	21.1	%	$	167,880	$	172,186	$	2,638	$	2,740	$	8,231	$	8,279
AIC	25.0	%	14.3	%	11,116		5,291		230		28		424		111
					$	178,996	$	177,477	$	2,868	$	2,768	$	8,655	$	8,390

Schedule of summarized balance sheet information of equity method investee

	September 30,		December 31,
	2012		2011
Real estate properties, net	$	1,337,958	$	1,198,050
Acquired real estate leases, net	131,159		117,596
Cash and cash equivalents	3,169		3,272
Rents receivable, net	26,806		29,000
Other assets, net	25,695		20,657
Total assets	$	1,524,787	$	1,368,575
Unsecured revolving credit facility	$	167,000	$	345,500
Unsecured term loan	350,000		—
Mortgage notes payable	93,709		95,383
Assumed real estate lease obligations, net	14,038		11,262
Other liabilities	29,047		24,762
Shareholders’ equity	870,993		891,668
Total liabilities and shareholders’ equity	$	1,524,787	$	1,368,575

Schedule of summarized income statement information of equity method investee

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Rental income	$	54,083		$	45,889		$	154,811		$	127,224
Operating expenses	(20,433		)	(17,121		)	(57,798		)	(47,443		)
Depreciation and amortization	(13,056		)	(10,379		)	(37,281		)	(27,862		)
Acquisition related costs	(763		)	(1,008		)	(1,057		)	(2,846		)
General and administrative	(3,637		)	(2,746		)	(9,395		)	(7,655		)
Operating income	16,194			14,635			49,280			41,418
Interest and other income	7			54			21			89
Interest expense	(4,530		)	(3,162		)	(12,649		)	(8,775		)
Equity in earnings of an investee	115			28			236			111
Income before income tax expense	11,786			11,555			36,888			32,843
Income tax (expense) benefit	(30		)	8			(119		)	(94		)
Net income	$	11,756		$	11,563		$	36,769		$	32,749
Weighted average common shares outstanding	47,108			45,322			47,086			42,127
Net income per common share	$	0.25		$	0.26		$	0.78		$	0.78