CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Operating real estate
Land	$ 404,582	$ 336,251
Buildings and improvements	1,304,438	1,140,613
Construction in progress	7,977	4,836
Gross operating real estate	1,716,997	1,481,700
Less: accumulated depreciation	251,545	229,538
Net operating real estate	1,465,452	1,252,162
Real estate under development	398,727	337,353
Notes receivable and preferred equity investments, net	94,409	126,656
Investments in and advances to unconsolidated affiliates	123,693	181,322
Cash and cash equivalents	131,132	79,189
Cash in escrow	26,820	19,822
Restricted cash	49,281	109,795
Rents receivable, net	33,347	29,574
Deferred charges, net	29,745	30,775
Acquired lease intangibles, net	43,512	33,663
Prepaid expenses and other assets	58,533	44,212
Assets of discontinued operations	0	20,434
Total assets	2,454,651	2,264,957
LIABILITIES
Mortgage and other notes payable	1,141,066	1,039,997
Distributions in excess of income from, and investments in, unconsolidated affiliates	8,416	8,701
Accounts payable and accrued expenses	43,196	38,050
Dividends and distributions payable	14,864	13,455
Acquired lease intangibles, net	24,441	22,394
Other liabilities	20,334	18,265
Liabilities of discontinued operations	0	2,507
Total liabilities	1,252,317	1,143,369
Shareholders' Equity
Common shares, $.001 par value, authorized 100,000,000 shares; issued and outstanding 60,081,109 and 55,643,068 shares, respectively	60	56
Additional paid-in capital	783,791	665,301
Accumulated other comprehensive (loss) income	(1,554)	1,132
Retained earnings	58,954	37,747
Total shareholders’ equity	841,251	704,236
Noncontrolling interests	361,083	417,352
Total equity	1,202,334	1,121,588
Total liabilities and equity	$ 2,454,651	$ 2,264,957