CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	6 Months Ended
	Jun. 30, 2016 USD ($)	Jun. 30, 2015 USD ($)
OPERATING ACTIVITIES:
Net income	$ 42,038	$ 35,480
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	17,468	13,756
Stock-based compensation expense	2,019	2,081
Gain on sale of assets, net	(1,802)
Income from unconsolidated joint ventures	(550)	(869)
Income distribution from unconsolidated joint ventures	1,027
Straight-line rental income	(5,454)	(4,453)
Amortization of lease incentive	977	735
Provision for doubtful accounts	202	432
Non-cash interest related to contingent liabilities	315	109
Other non-cash items, net	605	445
Increase in interest receivable	(2,551)	(1,532)
Decrease in accrued interest payable	72	18
Net change in other assets and liabilities	(3,532)	(2,243)
Net cash provided by operating activities	50,834	43,959
INVESTING ACTIVITIES:
Investment in real estate properties	(67,896)	(14,357)
Investment in real estate developments	(26,331)	(7,806)
Investment in real estate capital improvements	(4,087)	(5,949)
Capitalized interest	(942)	(297)
Proceeds from sale of real estate investments, net	8,474
Investment in real estate mortgage loans receivable	(17,128)	(52,847)
Principal payments received on mortgage loans receivable	1,598	3,482
Investment in unconsolidated joint ventures	(480)	(20,143)
Payment of working capital reserve	(1,434)
Advances under notes receivable	(414)	(1,254)
Principal payments received on notes receivable	60
Net cash used in investing activities	(108,580)	(99,171)
FINANCING ACTIVITIES:
Bank borrowings	77,500	82,000
Repayment of bank borrowings	(76,000)	(1,500)
Proceeds from issuance of senior unsecured notes	37,500
Principal payments on senior unsecured notes	(4,167)	(4,167)
Proceeds from issuance of common stock, net	70,885
Stock option exercises	159	79
Distributions paid to stockholders	(41,031)	(37,883)
Financing costs paid	(112)	(165)
Other	(2,174)	(338)
Net cash provided by financing activities	62,560	38,026
Increase (decrease) in cash and cash equivalents	4,814	(17,186)
Cash and cash equivalents, beginning of period	12,942	25,237
Cash and cash equivalents, end of period	17,756	8,051
Supplemental disclosure of cash flow information:
Interest paid	12,047	7,145
Contingent Liabilities related to real estate investments	$ 2,000
Mortgage loan receivable applied against purchase price to acquire real estate (Note 2)		10,600
Reclassification of pre-development loans (Note 7)		$ 316