The following is a reconciliation between weighted average shares used in the basic and diluted EPS calculations, excluding amounts attributable to noncontrolling interests:



	Three Months Ended September 30,								Nine Months Ended September 30,
	2012				2011				2012				2011
Numerator:
Loss from continuing operations	$	(14,570	)		$	(18,264	)		$	(28,009	)		$	(52,768	)
Gain (loss) on sales of investment properties, net	1,650				(891		)		6,652				4,171
Net income from continuing operations attributable to noncontrolling interests	—				(7		)		—				(23		)
Loss from continuing operations attributable to Company shareholders	(12,920		)		(19,162		)		(21,357		)		(48,620		)
(Loss) income from discontinued operations	(3,032		)		14,139				6,793				(10,152		)
Net loss attributable to Company shareholders	(15,952		)		(5,023		)		(14,564		)		(58,772		)
Distributions paid on unvested restricted shares	(7		)		(2		)		(17		)		(2		)
Net loss attributable to Company shareholders excluding amounts attributable to unvested restricted shares	$	(15,959	)		$	(5,025	)		$	(14,581	)		$	(58,774	)

Denominator:
Denominator for loss per common share — basic:
Weighted average number of common shares outstanding	230,597			(a)	192,779			(b)	217,087			(a)	192,127			(b)
Effect of dilutive securities — stock options	—			(c)	—			(c)	—			(c)	—			(c)
Denominator for loss per common share — diluted:
Weighted average number of common and common equivalent shares outstanding	230,597				192,779				217,087				192,127


(a)	Excluded from these weighted average amounts are 46 shares of restricted common stock, which equate to 46 and 37 shares, respectively, on a weighted average basis for the three and nine months ended September 30, 2012. These shares will continue to be excluded from the computation of basic EPS until contingencies are resolved and the shares are released.


(b)	Excluded from these weighted average amounts are 14 shares of restricted common stock, which equate to 14 and 8 shares, respectively, on a weighted average basis for the three and nine months ended September 30, 2011. These shares will continue to be excluded from the computation of basic EPS until contingencies are resolved and the shares are released.

(c)

Outstanding options to purchase shares of common stock, the effect of which would be anti-dilutive, were 69 and 55 shares as of September 30, 2012 and 2011, respectively, at a weighted average exercise price of $20.83 and $21.70, respectively. These shares were not included in the computation of diluted EPS because either a loss from continuing operations was reported for the respective periods or the options were out of the money, or both.