CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
ASSETS
Land	$ 424,661	$ 336,251
Buildings and improvements	1,329,080	1,140,613
Construction in progress	7,464	4,836
Real estate investment property, at cost	1,761,205	1,481,700
Less: accumulated depreciation	256,015	229,538
Net operating real estate	1,505,190	1,252,162
Real estate under development	447,390	337,353
Notes receivable and preferred equity investments, net	102,286	126,656
Investments in and advances to unconsolidated affiliates	184,352	181,322
Cash and cash equivalents	217,580	79,189
Cash in escrow	20,358	19,822
Restricted cash	30,604	109,795
Rents receivable, net	36,962	29,574
Deferred charges, net	30,679	30,775
Acquired lease intangibles, net	44,618	33,663
Prepaid expenses and other assets	56,508	44,212
Assets of discontinued operations and properties held for sale	56,073	20,434
Total assets	2,732,600	2,264,957
LIABILITIES
Mortgage and other notes payable	1,130,481	1,039,997
Distributions in excess of income from, and investments in, unconsolidated affiliates	12,564	8,701
Accounts payable and accrued expenses	34,026	38,050
Dividends and distributions payable	39,339	13,455
Acquired lease intangibles, net	29,585	22,394
Other liabilities	25,148	18,265
Liabilities of discontinued operations and properties held for sale	25,500	2,507
Total liabilities	1,296,643	1,143,369
Shareholders' Equity
Common shares, $.001 par value, authorized 100,000,000 shares, issued and outstanding 68,109,287 and 55,643,068 shares, respectively	68	56
Additional paid-in capital	1,027,861	665,301
Accumulated other comprehensive (loss) income	(4,005)	1,132
Retained earnings	31,617	37,747
Total shareholders’ equity	1,055,541	704,236
Noncontrolling interests	380,416	417,352
Total equity	1,435,957	1,121,588
Total liabilities and equity	$ 2,732,600	$ 2,264,957