SHARE-BASED PAYMENTS (Tables)

12 Months Ended

Dec. 31, 2011

SHARE BASED PAYMENTS [Abstract]

Summary of Unvested Share Awards

The following table is a summary of all unvested share awards issued to executives under the 2004 and 2008 Plans:

							Shares Vested				Unearned Compensation
Original Issuance Date	Shares Issued		Share Price on date of grant		Vesting Period	Vesting Schedule	December 31, 2011		December 31, 2010		December 31, 2011		December 31, 2010
June 1, 2007		214,582	$	12.32	4 years	25%/year		214,582		160,933		-		275
June 2, 2008		278,059	$	8.97	4 years	25%/year		208,542		139,028		260		883
September 30, 2008		3,616	$	7.44	1-4 years	25-100%/year		2,962		2,308		4		9
June 1, 2009		744,128	$	2.80	4 years	25%/year		372,483		186,241		737		1,258
June 1, 2010		182,308	$	4.63	2-3 years	25-50%/year		91,151		42,784		291		515
June 30, 2011		17,692	$	5.57	2-4 years	25-50%/year		-		-		78		-
Total		1,440,385						889,720		531,294	$	1,370	$	2,940

Summary of Grants Issued to Trustees

The following table is a summary of all unvested share awards issued to non-employees under the 2008 Plan:

							Shares Vested				Unearned Compensation
Original Issuance Date	Shares Issued		Share Price on date of grant		Vesting Period	Vesting Schedule	December 31, 2011		December 31, 2010		December 31, 2011		December 31, 2010
January 6, 2011		17,035	$	6.66	1.5 years	50%/year		8,705		-		55		-
March 25, 2010		6,000	$	5.02	2 years	50%/year		3,000		-		15		20
Total		23,035						11,705		0	$	70	$	20