Equity Investments (Tables)

3 Months Ended

Mar. 31, 2013

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,
	2013		2012		2013		2012		2013		2012
GOV	—	%	18.2	%	$	—	$	173,452	$	4,111	$	2,913
AIC	25.0	%	25.0	%	11,394		11,259		151		45
					$	11,394	$	184,711	$	4,262	$	2,958

Schedule of summarized balance sheet information of equity method investee

	December 31,
	2012
Real estate properties, net	$	1,357,986
Acquired real estate leases, net	144,484
Cash and cash equivalents	5,255
Rents receivable, net	29,099
Other assets, net	25,310
Total assets	$	1,562,134
Unsecured revolving credit facility	$	49,500
Unsecured term loan	350,000
Mortgage notes payable	93,127
Assumed real estate lease obligations, net	19,129
Other liabilities	22,927
Shareholders’ equity	1,027,451
Total liabilities and shareholders’ equity	$	1,562,134

Schedule of summarized income statement information of equity method investee

	Three Months Ended March 31,
	2013			2012
Rental income	$	57,678		$	49,997
Operating expenses	(20,068		)	(17,977		)
Depreciation and amortization	(13,696		)	(11,910		)
Acquisition related costs	(34		)	(49		)
General and administrative	(3,249		)	(3,002		)
Operating income	20,631			17,059
Interest and other income	11			8
Interest expense	(4,147		)	(4,023		)
Equity in earnings of an investee	76			45
Income before income tax expense	16,571			13,089
Income tax expense	(43		)	(45		)
Income from continuing operations	16,528			13,044
Discontinued operations:
Income from discontinued operations	30			15
Net gain on sale of properties from discontinued operations	8,168			—
Net income	$	24,726		$	13,059
Weighted average common shares outstanding	54,645			47,052
Per common share:
Income from continuing operations	$	0.30		$	0.28
Income from discontinued operations	$	0.15		$	—
Net income	$	0.45		$	0.28