CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
OPERATING ACTIVITIES:
Net income	$ 55,127	$ 52,399
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	21,121	18,935
Stock-based compensation expense	3,093	2,326
Gain on sale of real estate, net		(1,140)
Income from unconsolidated joint ventures	(1,543)
Distribution from unconsolidated joint ventures	289
Straight-line rental income	(7,060)	(1,921)
Amortization of lease inducement	1,163
Provision for doubtful accounts	463	77
Non-cash interest related to earn-out liabilities	205
Other non-cash items, net	670	1,151
(Increase) decrease in interest receivable	(2,787)	3
Decrease in accrued interest payable	(1,002)	(1,000)
Net change in other assets and liabilities	795	(1,545)
Net cash provided by operating activities	70,534	69,285
INVESTING ACTIVITIES:
Investment in real estate properties	(171,185)	(450)
Investment in real estate developments	(14,460)	(23,922)
Investment in real estate capital improvements	(6,192)	(12,178)
Capitalized interest	(481)	(1,216)
Proceeds from sale of real estate investments, net		7,707
Advances under mortgage loans receivable	(3,927)	(7,549)
Origination of real estate mortgages	(49,500)
Principal payments received on mortgage loans receivable	4,281	1,609
Investment in unconsolidated joint ventures	(20,143)
Advances under notes receivable	(1,464)	(664)
Principal payments received on notes receivable		112
Net cash used in investing activities	(263,071)	(36,551)
FINANCING ACTIVITIES:
Bank borrowings	267,000	28,500
Repayment of bank borrowings	(101,500)	(30,000)
Proceeds from issuance of senior unsecured notes	100,000	30,000
Principal payments on senior unsecured notes	(29,167)	(4,167)
Principal payments on bonds payable		(635)
Stock option exercises	79	277
Distributions paid to stockholders	(56,842)	(55,729)
Financing costs paid	(195)	(162)
Other	(346)	(7)
Net cash (used in) provided by financing activities	179,029	(31,923)
(Decrease) increase in cash and cash equivalents	(13,508)	811
Cash and cash equivalents, beginning of period	25,237	6,778
Cash and cash equivalents, end of period	11,729	7,589
Supplemental disclosure of cash flow information:
Interest paid	12,230	$ 11,077
Non-cash investing and financing transactions:
Mortgage loan receivable applied against purchase price to acquire real estate (Note 2)	10,600
Reclassification of pre-development loans (Note 4)	716
Land conveyance applied to a mortgage and construction loan receivable (Note 2)	$ 670