CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
OPERATING ACTIVITIES:
Net income	$ 19,858	$ 17,552
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	8,561	6,779
Stock-based compensation expense	990	982
Income from unconsolidated joint ventures	(272)	(116)
Income distribution from unconsolidated joint ventures	268
Straight-line rental income	(2,835)	(2,275)
Amortization of lease incentive	518	352
Provision for doubtful accounts	84	3
Non-cash interest related to contingent liabilities	149	55
Other non-cash items, net	291	215
Increase in interest receivable	(1,279)	(570)
Decrease in accrued interest payable	(1,122)	(1,084)
Net change in other assets and liabilities	(5,606)	(4,029)
Net cash provided by operating activities	19,605	17,864
INVESTING ACTIVITIES:
Investment in real estate properties	(16,000)	(13,031)
Investment in real estate developments	(13,439)	(5,041)
Investment in real estate capital improvements	(3,253)	(4,928)
Capitalized interest	(686)	(147)
Proceeds from sale of real estate investments, net	1,750
Investment in real estate mortgage loans receivable	(6,599)	(11,358)
Principal payments received on mortgage loans receivable	1,015	2,786
Investment in unconsolidated joint ventures		(20,143)
Payment of working capital reserve	(299)
Advances under notes receivable	(93)	(892)
Principal payments received on notes receivable	30
Net cash used in investing activities	(37,574)	(52,754)
FINANCING ACTIVITIES:
Bank borrowings	40,500	36,500
Principal payments on senior unsecured notes	(4,167)	(4,167)
Proceeds from issuance of common stock, net	14,637
Distributions paid to stockholders	(20,347)	(18,934)
Other	(1,316)	(329)
Net cash provided by financing activities	29,307	13,070
Increase (decrease) in cash and cash equivalents	11,338	(21,820)
Cash and cash equivalents, beginning of period	12,942	25,237
Cash and cash equivalents, end of period	24,280	3,417
Supplemental disclosure of cash flow information:
Interest paid	$ 6,807	4,774
Mortgage loan receivable applied against purchase price to acquire real estate (Note 2)		$ 10,600