CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012		Mar. 31, 2011
OPERATING ACTIVITIES:
Net income	$ 12,932		$ 12,154
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization - continuing and discontinued operations	5,167		4,521
Stock-based compensation expense	452		358
Gain on sale of assets, net	(16)
Straight-line rental income - continuing and discontinued operations	(647)	[1]	(773)	[1]
Provision (recovery) for doubtful accounts - continuing and discontinued operations	1		(10)
Non-cash interest related to earn-out liabilities	110
Other non-cash items, net	325		262
Increase (decrease) in accrued interest payable	23		(70)
Decrease in interest receivable	172		192
Net change in other assets and liabilities	(1,681)		(943)
Net cash provided by operating activities	16,838		15,691
INVESTING ACTIVITIES:
Investment in real estate properties and capital improvements, net	(18,802)		(54,065)
Proceeds from sale of real estate investments, net	1,248
Principal payments received on mortgage loans receivable	718		1,966
Advances under notes receivable	(1,034)
Principal payments received on notes receivable	191		178
Net cash used in investing activities	(17,679)		(51,921)
FINANCING ACTIVITIES:
Bank borrowings	17,000		49,000
Repayment of bank borrowings			(86,700)
Principal payments on bonds payable	(565)		(530)
Proceeds from common stock offering			103,829
Distributions paid to stockholders	(14,044)		(12,833)
Redemption of non-controlling interests	(2,764)
Distributions paid to non-controlling interests	(48)		(48)
Other	151		(1)
Net cash (used in) provided by financing activities	(270)		52,717
(Decrease) increase in cash and cash equivalents	(1,111)		16,487
Cash and cash equivalents, beginning of period	4,408		6,903
Cash and cash equivalents, end of period	3,297		23,390
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	$ 1,855		$ 1,031

[1] During the three months ended March 31, 2012 and 2011, we recorded $39 and $66, respectively, in straight-line rental income from a lessee that qualifies as a related party. The lessee's Chief Executive Officer is on our Board of Directors. See Note 9. Transactions with Related Party for further discussion.