we anticipate having sufficient liquidity to fund our operating expenses , including costs to maintain our properties and distributions , though we may finance investments , including acquisitions and developments , with the issuance of new shares , proceeds from asset sales or through additional borrowings . please see liquidity and capital resources for additional discussion . inflation although the u.s. economy has recently experienced a slight decrease in inflation rates , and a wide variety of industries and sectors are affected differently by changing commodity prices , inflation has not had a significant impact on us in our markets . most of our leases require the customers to pay their share of operating expenses , including common area maintenance , real estate taxes and insurance , thereby reducing our exposure to increases in costs and operating expenses resulting from inflation . in addition , most of our leases expire within five years which enables us to replace existing leases with new leases at then-existing market rates . summary of significant transactions significant transactions for the year ended december 31 , 2012 acquisitions during the year ended december 31 , 2012 , we acquired 32 buildings totaling approximately 6.2 million square feet . these properties were acquired for a total purchase price of $ 338.4 million , excluding our existing ownership of 20 % in the six properties previously held by dct fund i ( see notes to the consolidated financial statements , note 4investments in and advances to unconsolidated joint ventures for further detail related to the buyout of our joint venture partner 's interest ) . during the year ended december 31 , 2012 , we acquired seven land parcels for future development which total approximately 216.4 acres located in the chicago , southern california , seattle , atlanta and houston markets and one shell complete building totaling approximately 0.3 million square feet located in houston . the land parcels and shell complete building were acquired from unrelated third-parties for a total purchase price of $ 72.1 million . 39 development activities during 2012 , we continued to expand our development activities . the table below represents a summary of our consolidated development activity as of december 31 , 2012. replace_table_token_14_th ( 1 ) this is the projected stabilization date . ( 2 ) the completion date represents the date of building shell-completion . as of december 31 , 2012 , we also had two build-to-suit under contract for sale projects underway . during the year ended december 31 , 2012 , we recognized development profits , net of tax of approximately $ 0.3 million related to the development of one 61,000 square foot project which is under contract to be sold to a third-party for a total of $ 8.0 million . the other project was under contract , but as development activities recently commenced , no profit was earned and recognized . dispositions during the year ended december 31 , 2012 , we sold 36 operating properties , totaling approximately 4.1 million square feet , to third-parties for gross proceeds of approximately $ 155.0 million . we recognized gains of approximately $ 13.4 million on the disposition of 23 operating properties and recognized an impairment loss of approximately $ 11.4 million on the disposition of a portfolio of 13 properties in atlanta . 40 significant activity with joint ventures at the end of december 2012 , we obtained a controlling interest in dct fund i , llc in connection with the wind down of activities with our joint venture partner that resulted in dissolution of the joint venture and acquisition of our joint venture partner 's 80 % interest in the real estate . in connection with the acquisition , our consideration totaled $ 97.5 million comprised of the repayment of all the ventures underlying debt , assumption of the net liabilities of the venture and a payment to our joint venture partner . the transaction was accounted for as a business combination , and as the fair value of the assets acquired was equivalent to the total consideration paid , our investment in basis and the net liabilities assumed , no gain or loss was recognized . debt activity in september 2012 , we issued $ 90.0 million of fixed rate , senior unsecured notes through a private placement offering . these senior unsecured notes mature in september 2022 and have a fixed interest rate of 4.21 % . the notes require semi-annual interest payments . during the year ended december 31 , 2012 , we retired mortgage notes totaling approximately $ 64.7 million previously scheduled to mature in september 2012 , october 2012 , november 2012 , january 2013 and january 2015 , using proceeds from the our senior unsecured revolving credit facility and with proceeds from our equity offerings . during the year ended december 31 , 2012 , we assumed four mortgage notes with outstanding balances totaling $ 67.1 million in connection with property acquisitions . the assumed notes bear interest at rates ranging from 5.77 % to 6.25 % and require monthly payments of principal and interest . the notes mature at various dates from february 2016 to july 2020. we recorded approximately $ 5.8 million of premiums in connection with the assumption of these notes . on february 20 , 2013 , we entered into an amendment with our syndicated bank group whereby we extended and increased our existing $ 175.0 million senior unsecured term loan to $ 225.0 million for a period of 5 years , extended our existing $ 300.0 million senior unsecured line of credit for a period of 4 years and received a commitment for an additional $ 175.0 million senior unsecured term loan with a term of 2 years . we intend to borrow on this additional term loan to refinance near term scheduled maturities . story_separator_special_tag 46 rental revenues rental revenues , which are comprised of base rent , straight-line rent , amortization of above and below market rent intangibles , tenant recovery income , early lease termination fees and other rental revenues , increased by $ 25.3 million , or 10.9 % , for the year ended december 31 , 2012 compared to the same period in 2011 , primarily due to the following changes : $ 20.7 million increase in our non-same store rental revenues including development and redevelopment properties , primarily as a result of an increase in the number of properties and an increase in average occupancy year over year . the average occupancy of the non-same store properties increased to 78.0 % for the year ended december 31 , 2012 from 65.5 % for the same period in 2011. since december 31 , 2011 , we acquired 29 operating properties , four redevelopment properties and completed development or redevelopment of three properties ; and $ 4.7 million increase in total revenue in our same store portfolio due primarily to the following : $ 1.3 million increase in rental revenues , including a $ 5.3 million increase in base rent primarily resulting from increased rental rates and a 130 basis point increase in average occupancy year over year , partially offset by a $ 4.0 million decrease in revenues related to straight-line rental adjustments ; and $ 3.7 million increase in operating expense recoveries resulting from higher average occupancy . the following table illustrates the components of our consolidated rental revenues for the years ended december 31 , 2012 and 2011 ( in thousands ) . replace_table_token_16_th rental expenses and real estate taxes rental expenses and real estate taxes increased by approximately $ 5.2 million , or 7.9 % , for the year ended december 31 , 2012 compared to the same period in 2011 , primarily due to : $ 4.9 million increase in rental expenses and real estate taxes related to the properties acquired and development and redevelopment properties placed into operation during the period ended december 31 , 2012 ; and $ 0.3 million increase in rental expenses and real estate taxes year over year in our same store portfolio , which was primarily driven by increases in insurance , utilities and property taxes , partially offset by decreases in repairs , maintenance and non-recoverable expenses . other revenue and other income ( loss ) total other revenue and other income ( loss ) increased by approximately $ 5.8 million for the year ended december 31 , 2012 as compared to the same period in 2011 , primarily due to : $ 3.6 million increase in equity in earnings ( loss ) of unconsolidated joint ventures primarily as a result of an increase in occupancy for two of our joint ventures , as well as gains recognized on the sale of two properties in our joint ventures ; 47 $ 1.5 million increase in casualty gains related to the amounts received from the insurance companies subsequent to december 31 , 2012 for casualty events at certain properties ; $ 0.6 million increase in interest and other income ( expense ) primarily related to gains as a result of foreign currency re-measurement of peso denominated cash balances ; and $ 0.3 million increase in development profits , net of tax related to percentage of completion at our build-to-suit project under contract for sale ; partially offset by $ 0.2 million decrease in institutional capital management and other fees resulting from the disposition of assets from our joint ventures . other expenses other expenses increased by approximately $ 11.0 million , or 5.3 % , for the year ended december 31 , 2012 as compared to the same period in 2011 , primarily as a result of : $ 6.6 million increase in depreciation and amortization expense , resulting from real estate acquisitions and capital additions ; $ 5.6 million increase in interest expense primarily due to higher average borrowings and $ 0.7 million related to hedge ineffectiveness recognized during the year ended december 31 , 2012 related to our settled hedge liability ( see notes to the consolidated financial statements note 6financial instruments and hedging activities for further detail related to the hedge activity ) ; and $ 0.6 million increase in income tax expense and other taxes ; which were partially offset by $ 2.0 million decrease in impairment losses on unconsolidated joint ventures related to an impairment recorded in 2011 on a property sold in an unconsolidated joint venture . income from discontinued operations income from discontinued operations decreased by approximately $ 2.9 million for the year ended december 31 , 2012 as compared the same period in 2011. this change is primarily the result of a casualty gain recorded in 2011 on a property subsequently sold as well as higher net gains on properties sold in 2011. noncontrolling interests net loss attributable to noncontrolling interests decreased by approximately $ 1.9 million due to a decrease of consolidated net loss , year over year , partially offset by an increase in our ownership of our operating partnership . we owned approximately 93 % of our operating partnership as of december 31 , 2012 compared to 90 % as of december 31 , 2011. summary of the year ended december 31 , 2011 compared to the year ended december 31 , 2010 as of december 31 , 2011 , we consolidated 408 operating properties and one redevelopment property . as of december 31 , 2010 , we consolidated 390 operating properties , seven development properties and one redevelopment properties . 48 comparison of the year ended december 31 , 2011 to the year ended december 31 , 2010 the following table illustrates the changes in rental revenues , rental expenses and real estate taxes , property net operating income , other revenue and other income ( loss ) and other expenses for the year ended december 31 , 2011

cash flows year ended december 31 , 2012 compared to year ended december 31 , 2011 cash and cash equivalents were $ 12.7 million and $ 12.8 million as of december 31 , 2012 and december 31 , 2011 , respectively . the table below summarizes our cash flow activity for the years ended december 31 , 2012 and 2011. replace_table_token_21_th net cash provided by operating activities increased by $ 12.7 million during the year ended december 31 , 2012 compared to the same period in 2011. this change was primarily due to an increase in property net operating income and a decrease in other receivables and other assets , partially offset by an overall decrease in accounts payable , accrued expenses and other liabilities during 2012. net cash used in investing activities increased $ 121.6 million during the year ended december 31 , 2012 as compared to the same period in 2011. this increase was primarily due to an increase in acquisitions in 2012 as compared to 2011 , which resulted in an increase in cash outflows for real estate acquisitions of $ 159.1 million . during 2012 , there was also a $ 20.1 million increase in capital expenditures primarily related to our increased development activities , which includes an increase of $ 29.8 million in new development and expansion activities partially offset by a decrease in capital expenditures for other activities year over year . these increases were partially offset by a $ 47.3 million increase in proceeds from dispositions in 2012 compared to 2011 and a $ 12.5 million net increase in distributions of our investments in unconsolidated joint ventures .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash flows year ended december 31 , 2012 compared to year ended december 31 , 2011 cash and cash equivalents were $ 12.7 million and $ 12.8 million as of december 31 , 2012 and december 31 , 2011 , respectively . the table below summarizes our cash flow activity for the years ended december 31 , 2012 and 2011. replace_table_token_21_th net cash provided by operating activities increased by $ 12.7 million during the year ended december 31 , 2012 compared to the same period in 2011. this change was primarily due to an increase in property net operating income and a decrease in other receivables and other assets , partially offset by an overall decrease in accounts payable , accrued expenses and other liabilities during 2012. net cash used in investing activities increased $ 121.6 million during the year ended december 31 , 2012 as compared to the same period in 2011. this increase was primarily due to an increase in acquisitions in 2012 as compared to 2011 , which resulted in an increase in cash outflows for real estate acquisitions of $ 159.1 million . during 2012 , there was also a $ 20.1 million increase in capital expenditures primarily related to our increased development activities , which includes an increase of $ 29.8 million in new development and expansion activities partially offset by a decrease in capital expenditures for other activities year over year . these increases were partially offset by a $ 47.3 million increase in proceeds from dispositions in 2012 compared to 2011 and a $ 12.5 million net increase in distributions of our investments in unconsolidated joint ventures .
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 Suspicious Activity Report : we anticipate having sufficient liquidity to fund our operating expenses , including costs to maintain our properties and distributions , though we may finance investments , including acquisitions and developments , with the issuance of new shares , proceeds from asset sales or through additional borrowings . please see liquidity and capital resources for additional discussion . inflation although the u.s. economy has recently experienced a slight decrease in inflation rates , and a wide variety of industries and sectors are affected differently by changing commodity prices , inflation has not had a significant impact on us in our markets . most of our leases require the customers to pay their share of operating expenses , including common area maintenance , real estate taxes and insurance , thereby reducing our exposure to increases in costs and operating expenses resulting from inflation . in addition , most of our leases expire within five years which enables us to replace existing leases with new leases at then-existing market rates . summary of significant transactions significant transactions for the year ended december 31 , 2012 acquisitions during the year ended december 31 , 2012 , we acquired 32 buildings totaling approximately 6.2 million square feet . these properties were acquired for a total purchase price of $ 338.4 million , excluding our existing ownership of 20 % in the six properties previously held by dct fund i ( see notes to the consolidated financial statements , note 4investments in and advances to unconsolidated joint ventures for further detail related to the buyout of our joint venture partner 's interest ) . during the year ended december 31 , 2012 , we acquired seven land parcels for future development which total approximately 216.4 acres located in the chicago , southern california , seattle , atlanta and houston markets and one shell complete building totaling approximately 0.3 million square feet located in houston . the land parcels and shell complete building were acquired from unrelated third-parties for a total purchase price of $ 72.1 million . 39 development activities during 2012 , we continued to expand our development activities . the table below represents a summary of our consolidated development activity as of december 31 , 2012. replace_table_token_14_th ( 1 ) this is the projected stabilization date . ( 2 ) the completion date represents the date of building shell-completion . as of december 31 , 2012 , we also had two build-to-suit under contract for sale projects underway . during the year ended december 31 , 2012 , we recognized development profits , net of tax of approximately $ 0.3 million related to the development of one 61,000 square foot project which is under contract to be sold to a third-party for a total of $ 8.0 million . the other project was under contract , but as development activities recently commenced , no profit was earned and recognized . dispositions during the year ended december 31 , 2012 , we sold 36 operating properties , totaling approximately 4.1 million square feet , to third-parties for gross proceeds of approximately $ 155.0 million . we recognized gains of approximately $ 13.4 million on the disposition of 23 operating properties and recognized an impairment loss of approximately $ 11.4 million on the disposition of a portfolio of 13 properties in atlanta . 40 significant activity with joint ventures at the end of december 2012 , we obtained a controlling interest in dct fund i , llc in connection with the wind down of activities with our joint venture partner that resulted in dissolution of the joint venture and acquisition of our joint venture partner 's 80 % interest in the real estate . in connection with the acquisition , our consideration totaled $ 97.5 million comprised of the repayment of all the ventures underlying debt , assumption of the net liabilities of the venture and a payment to our joint venture partner . the transaction was accounted for as a business combination , and as the fair value of the assets acquired was equivalent to the total consideration paid , our investment in basis and the net liabilities assumed , no gain or loss was recognized . debt activity in september 2012 , we issued $ 90.0 million of fixed rate , senior unsecured notes through a private placement offering . these senior unsecured notes mature in september 2022 and have a fixed interest rate of 4.21 % . the notes require semi-annual interest payments . during the year ended december 31 , 2012 , we retired mortgage notes totaling approximately $ 64.7 million previously scheduled to mature in september 2012 , october 2012 , november 2012 , january 2013 and january 2015 , using proceeds from the our senior unsecured revolving credit facility and with proceeds from our equity offerings . during the year ended december 31 , 2012 , we assumed four mortgage notes with outstanding balances totaling $ 67.1 million in connection with property acquisitions . the assumed notes bear interest at rates ranging from 5.77 % to 6.25 % and require monthly payments of principal and interest . the notes mature at various dates from february 2016 to july 2020. we recorded approximately $ 5.8 million of premiums in connection with the assumption of these notes . on february 20 , 2013 , we entered into an amendment with our syndicated bank group whereby we extended and increased our existing $ 175.0 million senior unsecured term loan to $ 225.0 million for a period of 5 years , extended our existing $ 300.0 million senior unsecured line of credit for a period of 4 years and received a commitment for an additional $ 175.0 million senior unsecured term loan with a term of 2 years . we intend to borrow on this additional term loan to refinance near term scheduled maturities . story_separator_special_tag 46 rental revenues rental revenues , which are comprised of base rent , straight-line rent , amortization of above and below market rent intangibles , tenant recovery income , early lease termination fees and other rental revenues , increased by $ 25.3 million , or 10.9 % , for the year ended december 31 , 2012 compared to the same period in 2011 , primarily due to the following changes : $ 20.7 million increase in our non-same store rental revenues including development and redevelopment properties , primarily as a result of an increase in the number of properties and an increase in average occupancy year over year . the average occupancy of the non-same store properties increased to 78.0 % for the year ended december 31 , 2012 from 65.5 % for the same period in 2011. since december 31 , 2011 , we acquired 29 operating properties , four redevelopment properties and completed development or redevelopment of three properties ; and $ 4.7 million increase in total revenue in our same store portfolio due primarily to the following : $ 1.3 million increase in rental revenues , including a $ 5.3 million increase in base rent primarily resulting from increased rental rates and a 130 basis point increase in average occupancy year over year , partially offset by a $ 4.0 million decrease in revenues related to straight-line rental adjustments ; and $ 3.7 million increase in operating expense recoveries resulting from higher average occupancy . the following table illustrates the components of our consolidated rental revenues for the years ended december 31 , 2012 and 2011 ( in thousands ) . replace_table_token_16_th rental expenses and real estate taxes rental expenses and real estate taxes increased by approximately $ 5.2 million , or 7.9 % , for the year ended december 31 , 2012 compared to the same period in 2011 , primarily due to : $ 4.9 million increase in rental expenses and real estate taxes related to the properties acquired and development and redevelopment properties placed into operation during the period ended december 31 , 2012 ; and $ 0.3 million increase in rental expenses and real estate taxes year over year in our same store portfolio , which was primarily driven by increases in insurance , utilities and property taxes , partially offset by decreases in repairs , maintenance and non-recoverable expenses . other revenue and other income ( loss ) total other revenue and other income ( loss ) increased by approximately $ 5.8 million for the year ended december 31 , 2012 as compared to the same period in 2011 , primarily due to : $ 3.6 million increase in equity in earnings ( loss ) of unconsolidated joint ventures primarily as a result of an increase in occupancy for two of our joint ventures , as well as gains recognized on the sale of two properties in our joint ventures ; 47 $ 1.5 million increase in casualty gains related to the amounts received from the insurance companies subsequent to december 31 , 2012 for casualty events at certain properties ; $ 0.6 million increase in interest and other income ( expense ) primarily related to gains as a result of foreign currency re-measurement of peso denominated cash balances ; and $ 0.3 million increase in development profits , net of tax related to percentage of completion at our build-to-suit project under contract for sale ; partially offset by $ 0.2 million decrease in institutional capital management and other fees resulting from the disposition of assets from our joint ventures . other expenses other expenses increased by approximately $ 11.0 million , or 5.3 % , for the year ended december 31 , 2012 as compared to the same period in 2011 , primarily as a result of : $ 6.6 million increase in depreciation and amortization expense , resulting from real estate acquisitions and capital additions ; $ 5.6 million increase in interest expense primarily due to higher average borrowings and $ 0.7 million related to hedge ineffectiveness recognized during the year ended december 31 , 2012 related to our settled hedge liability ( see notes to the consolidated financial statements note 6financial instruments and hedging activities for further detail related to the hedge activity ) ; and $ 0.6 million increase in income tax expense and other taxes ; which were partially offset by $ 2.0 million decrease in impairment losses on unconsolidated joint ventures related to an impairment recorded in 2011 on a property sold in an unconsolidated joint venture . income from discontinued operations income from discontinued operations decreased by approximately $ 2.9 million for the year ended december 31 , 2012 as compared the same period in 2011. this change is primarily the result of a casualty gain recorded in 2011 on a property subsequently sold as well as higher net gains on properties sold in 2011. noncontrolling interests net loss attributable to noncontrolling interests decreased by approximately $ 1.9 million due to a decrease of consolidated net loss , year over year , partially offset by an increase in our ownership of our operating partnership . we owned approximately 93 % of our operating partnership as of december 31 , 2012 compared to 90 % as of december 31 , 2011. summary of the year ended december 31 , 2011 compared to the year ended december 31 , 2010 as of december 31 , 2011 , we consolidated 408 operating properties and one redevelopment property . as of december 31 , 2010 , we consolidated 390 operating properties , seven development properties and one redevelopment properties . 48 comparison of the year ended december 31 , 2011 to the year ended december 31 , 2010 the following table illustrates the changes in rental revenues , rental expenses and real estate taxes , property net operating income , other revenue and other income ( loss ) and other expenses for the year ended december 31 , 2011

