Acquisition of Rental Property (Tables)

9 Months Ended

Sep. 30, 2011

Acquisition of Rental Property [Abstract]

Business Acquisition, Pro Forma Information [Table Text Block]

The following unaudited condensed pro forma financial information for the three and nine months ended September 30, 2011 is presented as if the acquisitions had been consummated as of January 1, 2010, the beginning of the previous reporting period:

	(Pro forma)		(Pro forma)
	Three months ended September 30,		Nine months ended September 30,
	2011	2010	2011	2010
Total Revenue	84,822	79,569	247,178	231,021
Income from continuing operations	13,757	14,321	32,651	21,806

Schedule of Purchase Price Allocation [Table Text Block]

	Value  (in thousands)			Weighted-Average Amortization Period (in years)
Land	$	6,425
Buildings, improvements and fixtures	287,933
Deferred lease costs and other intangibles
Above/below market lease value, net	4,897			7.0
Below market ground lease value	29,092			86.3
Lease in place value	23,340			3.8
Tenant relationships	27,876			9.9
Lease and legal costs	3,207			2.8
Total deferred lease costs and other intangibles, net	88,412
Mortgage fair value adjustments	(7,770		)
Net assets acquired	375,000
Less: noncontrolling interests	(7,635		)
Consideration transferred	367,365