Real Estate Assets (Tables)

9 Months Ended

Sep. 30, 2011

Real Estate Assets [Abstract]

Schedule of Purchase Price Allocations, table

The assets acquired and liabilities assumed were recorded at preliminary estimates of fair value as determined by management based on information available at the acquisition date and on current assumptions as to future operations. These estimates are subject to change during the measurement period upon the completion of acquisition accounting, including the finalization of asset valuations. The following table sets forth a summary of the preliminary acquisition purchase price consideration for each major class of assets acquired and liabilities assumed in the acquisitions discussed above:

	Total Purchase Price Consideration
Real estate assets	$	241,602
Acquisition-related intangible assets (in deferred financing and leasing costs)		39,721
Furniture, fixtures and equipment (in prepaid expenses and other assets)		1,101
Acquisition-related intangible liabilities (in accounts payable, accrued expenses and other liabilities)		(15,627	)
Total consideration	$	266,797

Schedule of Business Acquisitions, Pro Forma, table

The following tables set forth our rental and other revenues and net income, adjusted for interest expense and depreciation and amortization related to purchase price allocation, assuming the acquisitions discussed above both occurred as of the beginning of each annual reporting period:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
Proforma rental and other revenues	$	133,669	$	129,590	$	393,640	$	385,400
Proforma net income	$	7,568	$	8,180	$	32,823	$	59,124
Proforma earnings per share - basic	$	0.09	$	0.09	$	0.34	$	0.71
Proforma earnings per share - diluted	$	0.09	$	0.09	$	0.34	$	0.71