SUMMARIZED CONDENSED CONSOLIDATING INFORMATION (Condensed Consolidating Statement of Cash Flows) (Details) (USD $) | 3 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Condensed Financial Statements, Captions [Line Items] | ' | ' |
Net cash provided by operating activities | $1,207 | $21,603 |
Cash flows from investing activities: | ' | ' |
Acquisitions of real estate | -108,650 | 0 |
Acquisition of note receivable | -19,428 | -12,873 |
Preferred equity investment | -5 | -4,646 |
Additions to real estate | -56 | 0 |
Net proceeds from the sale of real estate | 0 | 2,208 |
Investment in Subsidiary | 0 | ' |
Distribution from Subsidiary | ' | 0 |
Intercompany financing | 0 | 0 |
Net cash used in investing activities | -128,139 | -15,311 |
Cash flows from financing activities: | ' | ' |
Proceeds from issuance of senior unsecured notes | 350,000 | 0 |
Principal payments on senior unsecured notes | -211,250 | 0 |
Proceeds from secured revolving credit facility | 50,000 | 0 |
Payments on secured revolving credit facility | -23,500 | -92,500 |
Proceeds from mortgage notes | 46,103 | 0 |
Principal payments on mortgage notes payable | -57,325 | -989 |
Payments of deferred financing costs | -9,873 | -72 |
Issuance of preferred stock | 0 | 138,983 |
Issuance of common stock | -648 | -2,534 |
Dividends paid | -16,597 | -12,716 |
Contributions from Parent | 0 | ' |
Distributions to Parent | ' | 0 |
Intercompany financing | 0 | 0 |
Net cash provided by (used in) financing activities | 126,910 | 30,172 |
Net decrease in cash and cash equivalents | -22 | 36,464 |
Cash and cash equivalents, beginning of period | 4,308 | 17,101 |
Cash and cash equivalents, end of period | 4,286 | 53,565 |
Parent Company [Member] | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' |
Net cash provided by operating activities | -10,795 | 20,103 |
Cash flows from investing activities: | ' | ' |
Acquisitions of real estate | 0 | ' |
Acquisition of note receivable | 0 | 0 |
Preferred equity investment | 0 | 0 |
Additions to real estate | 0 | ' |
Net proceeds from the sale of real estate | ' | 0 |
Investment in Subsidiary | -1,165 | ' |
Distribution from Subsidiary | ' | 1,851 |
Intercompany financing | 27,955 | -107,901 |
Net cash used in investing activities | 26,790 | -106,050 |
Cash flows from financing activities: | ' | ' |
Proceeds from issuance of senior unsecured notes | 0 | ' |
Principal payments on senior unsecured notes | 0 | ' |
Proceeds from secured revolving credit facility | 0 | ' |
Payments on secured revolving credit facility | 0 | 0 |
Proceeds from mortgage notes | 0 | ' |
Principal payments on mortgage notes payable | 0 | 0 |
Payments of deferred financing costs | 0 | 0 |
Issuance of preferred stock | ' | 138,983 |
Issuance of common stock | -648 | -2,534 |
Dividends paid | -16,597 | -12,716 |
Contributions from Parent | 0 | ' |
Distributions to Parent | ' | 0 |
Intercompany financing | 0 | 0 |
Net cash provided by (used in) financing activities | -17,245 | 123,733 |
Net decrease in cash and cash equivalents | -1,250 | 37,786 |
Cash and cash equivalents, beginning of period | 3,551 | 15,075 |
Cash and cash equivalents, end of period | 2,301 | 52,861 |
Issuers [Member] | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' |
Net cash provided by operating activities | 0 | 0 |
Cash flows from investing activities: | ' | ' |
Acquisitions of real estate | 0 | ' |
Acquisition of note receivable | 0 | 0 |
Preferred equity investment | 0 | 0 |
Additions to real estate | 0 | ' |
Net proceeds from the sale of real estate | ' | 0 |
Investment in Subsidiary | -1,165 | ' |
Distribution from Subsidiary | ' | 1,851 |
Intercompany financing | -101,641 | -107,886 |
Net cash used in investing activities | -102,806 | -106,035 |
Cash flows from financing activities: | ' | ' |
Proceeds from issuance of senior unsecured notes | 350,000 | ' |
Principal payments on senior unsecured notes | -211,250 | ' |
Proceeds from secured revolving credit facility | 0 | ' |
Payments on secured revolving credit facility | 0 | 0 |
Proceeds from mortgage notes | 0 | ' |
Principal payments on mortgage notes payable | 0 | 0 |
Payments of deferred financing costs | -9,154 | -15 |
Issuance of preferred stock | ' | 0 |
Issuance of common stock | 0 | 0 |
Dividends paid | 0 | 0 |
Contributions from Parent | 1,165 | ' |
Distributions to Parent | ' | -1,851 |
Intercompany financing | -27,955 | 107,901 |
Net cash provided by (used in) financing activities | 102,806 | 106,035 |
Net decrease in cash and cash equivalents | 0 | 0 |
Cash and cash equivalents, beginning of period | 0 | 0 |
Cash and cash equivalents, end of period | 0 | 0 |
Combined Guarantor Subsidiaries [Member] | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' |
Net cash provided by operating activities | 0 | 0 |
Cash flows from investing activities: | ' | ' |
Acquisitions of real estate | -108,650 | ' |
Acquisition of note receivable | -19,428 | -12,873 |
Preferred equity investment | -5 | -4,646 |
Additions to real estate | -56 | ' |
Net proceeds from the sale of real estate | ' | 0 |
Investment in Subsidiary | 0 | ' |
Distribution from Subsidiary | ' | 0 |
Intercompany financing | 0 | 0 |
Net cash used in investing activities | -128,139 | -17,519 |
Cash flows from financing activities: | ' | ' |
Proceeds from issuance of senior unsecured notes | 0 | ' |
Principal payments on senior unsecured notes | 0 | ' |
Proceeds from secured revolving credit facility | 50,000 | ' |
Payments on secured revolving credit facility | -23,500 | -92,500 |
Proceeds from mortgage notes | 0 | ' |
Principal payments on mortgage notes payable | 0 | 0 |
Payments of deferred financing costs | -2 | -75 |
Issuance of preferred stock | ' | 0 |
Issuance of common stock | 0 | 0 |
Dividends paid | 0 | 0 |
Contributions from Parent | 0 | ' |
Distributions to Parent | ' | 0 |
Intercompany financing | 101,641 | 110,094 |
Net cash provided by (used in) financing activities | 128,139 | 17,519 |
Net decrease in cash and cash equivalents | 0 | 0 |
Cash and cash equivalents, beginning of period | 0 | 0 |
Cash and cash equivalents, end of period | 0 | 0 |
Combined Non-Guarantor Subsidiaries [Member] | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' |
Net cash provided by operating activities | 12,002 | 1,500 |
Cash flows from investing activities: | ' | ' |
Acquisitions of real estate | 0 | ' |
Acquisition of note receivable | 0 | 0 |
Preferred equity investment | 0 | 0 |
Additions to real estate | 0 | ' |
Net proceeds from the sale of real estate | ' | 2,208 |
Investment in Subsidiary | 0 | ' |
Distribution from Subsidiary | ' | 0 |
Intercompany financing | 0 | 0 |
Net cash used in investing activities | 0 | 2,208 |
Cash flows from financing activities: | ' | ' |
Proceeds from issuance of senior unsecured notes | 0 | ' |
Principal payments on senior unsecured notes | 0 | ' |
Proceeds from secured revolving credit facility | 0 | ' |
Payments on secured revolving credit facility | 0 | 0 |
Proceeds from mortgage notes | 46,103 | ' |
Principal payments on mortgage notes payable | -57,325 | -989 |
Payments of deferred financing costs | -717 | 18 |
Issuance of preferred stock | ' | 0 |
Issuance of common stock | 0 | 0 |
Dividends paid | 0 | 0 |
Contributions from Parent | 1,165 | ' |
Distributions to Parent | ' | -1,851 |
Intercompany financing | 0 | -2,208 |
Net cash provided by (used in) financing activities | -10,774 | -5,030 |
Net decrease in cash and cash equivalents | 1,228 | -1,322 |
Cash and cash equivalents, beginning of period | 757 | 2,026 |
Cash and cash equivalents, end of period | 1,985 | 704 |
Elimination [Member] | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' |
Net cash provided by operating activities | 0 | 0 |
Cash flows from investing activities: | ' | ' |
Acquisitions of real estate | 0 | ' |
Acquisition of note receivable | 0 | 0 |
Preferred equity investment | 0 | 0 |
Additions to real estate | 0 | ' |
Net proceeds from the sale of real estate | ' | 0 |
Investment in Subsidiary | 2,330 | ' |
Distribution from Subsidiary | ' | -3,702 |
Intercompany financing | 73,686 | 215,787 |
Net cash used in investing activities | 76,016 | 212,085 |
Cash flows from financing activities: | ' | ' |
Proceeds from issuance of senior unsecured notes | 0 | ' |
Proceeds from secured revolving credit facility | 0 | ' |
Payments on secured revolving credit facility | 0 | 0 |
Proceeds from mortgage notes | 0 | ' |
Principal payments on mortgage notes payable | 0 | 0 |
Payments of deferred financing costs | 0 | 0 |
Issuance of preferred stock | ' | 0 |
Issuance of common stock | 0 | 0 |
Dividends paid | 0 | 0 |
Contributions from Parent | -2,330 | ' |
Distributions to Parent | ' | 3,702 |
Intercompany financing | -73,686 | -215,787 |
Net cash provided by (used in) financing activities | -76,016 | -212,085 |
Net decrease in cash and cash equivalents | 0 | 0 |
Cash and cash equivalents, beginning of period | 0 | 0 |
Cash and cash equivalents, end of period | $0 | $0 |