CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013		Mar. 31, 2012
OPERATING ACTIVITIES:
Net income	$ 12,976		$ 12,932
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,136		5,167
Stock-based compensation expense	985		452
Gain on sale of assets, net			(16)
Straight-line rental income	(937)	[1]	(647)	[1]
Provision for doubtful accounts	15		1
Non-cash interest related to earn-out liabilities	110		110
Other non-cash items, net	178		325
(Decrease) increase in accrued interest payable	(994)		23
(Increase) decrease in interest receivable	(24)		172
Net change in other assets and liabilities	(1,061)		(1,681)
Net cash provided by operating activities	17,384		16,838
INVESTING ACTIVITIES:
Investment in real estate properties, net			(18,600)
Investment in real estate properties under development	(3,952)
Investment in real estate capital improvements	(2,358)		(202)
Proceeds from sale of real estate investments, net			1,248
Advances under mortgage loans receivable	(910)
Principal payments received on mortgage loans receivable	462		718
Advances under notes receivable	(63)		(1,034)
Principal payments received on notes receivable	114		191
Net cash used in investing activities	(6,707)		(17,679)
FINANCING ACTIVITIES:
Bank borrowings	2,000		17,000
Principal payments on bonds payable	(600)		(565)
Proceeds from common stock offering	4,895
Stock option exercises	523		151
Distributions paid to stockholders	(15,035)		(14,044)
Redemption of non-controlling interests			(2,764)
Distributions paid to non-controlling interests	(7)		(48)
Other	(23)
Net cash used in financing activities	(8,247)		(270)
Increase (decrease) in cash and cash equivalents	2,430		(1,111)
Cash and cash equivalents, beginning of period	7,191		4,408
Cash and cash equivalents, end of period	9,621		3,297
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	$ 4,118		$ 1,855

[1] During the three months ended March 31, 2013 and 2012, we recorded $12 and $39, 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.