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Consolidated Statements of Operations and Other Comprehensive Loss (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Rental income $ 467,038 $ 483,106 $ 491,423
Tenant recovery income 108,090 112,021 118,332
Other property income 10,128 15,253 15,747
Insurance captive income 0 2,996 2,261
Total revenues 585,256 613,376 627,763
Expenses:      
Property operating expenses 100,137 102,263 117,661
Real estate taxes 77,730 81,908 89,300
Depreciation and amortization 228,246 232,810 235,662
Provision for impairment of investment properties 7,650 11,030 19,800
Loss on lease terminations 8,605 13,125 13,565
Insurance captive expenses 0 3,392 3,655
General and administrative expenses 20,605 18,119 21,191
Total expenses 442,973 462,647 500,834
Operating income 142,283 150,729 126,929
Dividend income 2,538 3,472 10,132
Interest income 663 740 1,483
Gain on extinguishment of debt, net 15,345 0 0
Equity in (loss) income of unconsolidated joint ventures, net (6,437) 2,025 (11,299)
Interest expense (225,542) (249,480) (220,199)
Co-venture obligation expense (7,167) (7,167) (597)
Recognized gain on marketable securities, net 277 4,007 18,039
Impairment of notes receivable 0 0 (17,322)
Gain on interest rate locks 0 0 3,989
Other income (expense), net 2,031 (4,377) (10,370)
Loss from continuing operations (76,009) (100,051) (99,215)
Discontinued operations:      
Operating loss, net (26,984) (18,462) (42,577)
Gain on sales of investment properties, net 24,509 23,806 26,383
(Loss) income from discontinued operations (2,475) 5,344 (16,194)
Gain on sales of investment properties 5,906 0 0
Net loss (72,578) (94,707) (115,409)
Net (income) loss attributable to noncontrolling interests (31) (1,136) 3,074
Net loss attributable to Company shareholders (72,609) (95,843) (112,335)
(Loss) earnings per common share-basic and diluted:      
Continuing operations (in dollars per share) $ (0.36) $ (0.52) $ (0.50)
Discontinued operations (in dollars per share) $ (0.02) $ 0.02 $ (0.08)
Net loss per common share attributable to Company shareholders (in dollars per share) $ (0.38) $ (0.50) $ (0.58)
Net loss (72,578) (94,707) (115,409)
Other comprehensive loss:      
Net unrealized gain on derivative instruments 1,211 1,247 1,696
Net unrealized (loss) gain on marketable securities (3,486) 13,742 35,594
Reversal of unrealized gain to recognized gain on marketable securities, net (277) (4,007) (18,039)
Comprehensive loss (75,130) (83,725) (96,158)
Comprehensive (income) loss attributable to noncontrolling interests (31) (1,136) 3,074
Comprehensive loss attributable to Company shareholders $ (75,161) $ (84,861) $ (93,084)
Weighted average number of common shares outstanding - basic (in shares) 192,456 193,497 192,124
Weighted average number of common shares outstanding - diluted (in shares) 192,456 193,497 192,124