Segment Information (Details) (USD $)
In Thousands |
3 Months Ended | 6 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|
Jun. 30, 2011
|
Jun. 30, 2010
|
Jun. 30, 2011
|
Jun. 30, 2010
|
Dec. 31, 2010
|
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Real estate rental revenue | $ 80,570 | $ 72,402 | $ 158,725 | $ 145,953 | ||||
Real estate expenses | 26,214 | 23,172 | 52,302 | 49,341 | ||||
Net operating income | 54,356 | 49,230 | 106,423 | 96,612 | ||||
Depreciation and amortization | (25,459) | (22,720) | (50,209) | (45,307) | ||||
Interest expense | (17,097) | (16,785) | (34,223) | (33,623) | ||||
General and administrative | (4,049) | (3,519) | (7,751) | (7,302) | ||||
Acquisition costs | (322) | (409) | (1,971) | (464) | ||||
Other income | 310 | 297 | 616 | 586 | ||||
Gain (loss) on extinguishment of debt, net | (42) | |||||||
Gain on sale of real estate | 7,942 | 7,942 | ||||||
Income tax expense | (1,173) | (1,173) | ||||||
Income (loss) from discontinued operations | (10) | 985 | (468) | 1,884 | ||||
Net income | 6,556 | 15,021 | 11,244 | 20,286 | ||||
Less: Net income attributable to noncontrolling interests | (34) | (27) | (57) | (76) | ||||
Net income attributable to the controlling interests | 6,522 | 14,994 | 11,187 | 20,210 | ||||
Capital expenditures | 6,835 | 5,709 | 10,630 | 9,236 | ||||
Total assets | 2,187,176 | 2,066,840 | 2,187,176 | 2,066,840 | 2,167,881 | [1] | ||
Office [Member]
|
||||||||
Real estate rental revenue | 35,936 | 31,422 | 70,039 | 62,395 | ||||
Real estate expenses | 12,124 | 10,427 | 23,612 | 21,202 | ||||
Net operating income | 23,812 | 20,995 | 46,427 | 41,193 | ||||
Capital expenditures | 3,367 | 2,799 | 5,833 | 5,124 | ||||
Total assets | 991,238 | 968,631 | 991,238 | 968,631 | ||||
Medical Office [Member]
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||||||||
Real estate rental revenue | 11,519 | 11,288 | 22,650 | 22,703 | ||||
Real estate expenses | 3,421 | 3,603 | 7,090 | 7,554 | ||||
Net operating income | 8,098 | 7,685 | 15,560 | 15,149 | ||||
Capital expenditures | 1,288 | 1,960 | 1,957 | 2,722 | ||||
Total assets | 352,242 | 357,696 | 352,242 | 357,696 | ||||
Retail [Member]
|
||||||||
Real estate rental revenue | 12,237 | 10,200 | 24,384 | 20,701 | ||||
Real estate expenses | 3,619 | 2,566 | 7,161 | 5,850 | ||||
Net operating income | 8,618 | 7,634 | 17,223 | 14,851 | ||||
Capital expenditures | 1,030 | 287 | 1,471 | 205 | ||||
Total assets | 308,655 | 222,972 | 308,655 | 222,972 | ||||
Multifamily [Member]
|
||||||||
Real estate rental revenue | 12,709 | 11,914 | 25,202 | 23,756 | ||||
Real estate expenses | 4,859 | 4,523 | 9,687 | 9,626 | ||||
Net operating income | 7,850 | 7,391 | 15,515 | 14,130 | ||||
Capital expenditures | 766 | 498 | 641 | 731 | ||||
Total assets | 236,358 | 233,976 | 236,358 | 233,976 | ||||
Industrial/Flex [Member]
|
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Real estate rental revenue | 8,169 | 7,578 | 16,450 | 16,398 | ||||
Real estate expenses | 2,191 | 2,053 | 4,752 | 5,109 | ||||
Net operating income | 5,978 | 5,525 | 11,698 | 11,289 | ||||
Capital expenditures | 258 | 62 | 497 | 290 | ||||
Total assets | 223,536 | 242,025 | 223,536 | 242,025 | ||||
Corporate and Other [Member]
|
||||||||
Capital expenditures | 126 | 103 | 231 | 164 | ||||
Total assets | $ 75,147 | $ 41,540 | $ 75,147 | $ 41,540 | ||||
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X | ||||||||||
- Definition
The capitalized costs incurred during the period (excluded from amortization) to purchase, lease or otherwise acquire an unproved property, including costs of lease bonuses and options to purchase or lease properties, the portion of costs applicable to minerals when land including mineral rights is purchased in fee, brokers' fees, recording fees, legal costs, and other costs incurred in acquiring properties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Total expenditures for additions to long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets of the reportable segment; if the amount: (a) is included in the determination of segment assets reviewed by the chief operating decision maker or (b) is otherwise regularly provided to the chief operating decision maker, even if not included in the determination of segment assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
This element represents the total of the costs related to real estate revenues, including management, leasing, and development services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Gain (loss) after tax expense or benefit, not previously recognized and resulting from the sale of a business component, which is recognized at the date of sale. A gain (loss) reflects the amount by which the consideration received exceeds (is exceeded by) the net carrying amount (reflecting previous provisions for loss on disposal, if any) of the disposal group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
After tax income (loss) from operations of a business component (exclusive of any gain (loss) on disposal, or provision therefore) during the reporting period, until its disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tax expense or benefit on the gain (loss), not previously recognized and resulting from the sale of a business component, which is recognized at the date of sale. A gain (loss) reflects the amount by which the consideration received exceeds (is exceeded by) the net carrying amount (reflecting previous provisions for loss on disposal, if any) of the disposal group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount represents the difference between the fair value of the payments made and the carrying amount of the debt at the time of its extinguishment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The portion of net Income or Loss attributable to the noncontrolling interest (if any) deducted in order to derive the portion attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate revenue from real estate operations during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Operating Income Loss Net
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