2.2.0.25falsefalse10301 - Disclosure - Equity of the Parent Companytruefalsefalse1falsefalsefalsefalse1/1/2011 - 3/31/2011 Duration_1_1_2011_To_3_31_2011http://www.sec.gov/CIK0001289236duration2011-01-01T00:00:002011-03-31T00:00:002true0us-gaap_EquityAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalseEquity of the Parent Company3false0us-gaap_StockholdersEquityNoteDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt; font-weight: bold;" class="_mt">3. Equity of the Parent Company</font></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">During the </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">three months ended</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">, the Parent Company issued restricted stock awards to the Company's employees totaling </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">321,044</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> shares of common stock (</font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">129,342</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> shares of common stock were surrendered to the Company and subsequently retired in lieu of cash payments for taxes due on the vesting of restricted stock and </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">10,910</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> shares were forfeited during the same period), which are included in the total of common stock outstanding as of the period end (see Note 6).</font></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">The Parent Company also maintains a Dividend Reinvestment Program and a Cash Option Purchase Plan (collectively, the "DRIP Plan") to provide existing stockholders of the Parent Company with an opportunity to invest automatically the cash dividends paid upon shares of the Parent Company's common stock held by them, as well as permit existing and prospective stockholders to make voluntary cash purchases. Participants may elect to reinvest a portion of, or the full amount of cash dividends paid, whereas optional cash purchases are normally limited to a maximum amount of $10,000. In addition, the Parent Company may elect to establish a discount ranging from 0% to 5% from the market price applicable to newly issued shares of common stock purchased directly from the Parent Company. The Parent Company may change the discount, initially set at 0%, at its discretion, but may not change the discount more frequently than once in any three-month period. Shares purchased under the DRIP Plan shall be, at the Parent Company's option, purchased from either (1) authorized, but previously unissued shares of common stock, (2) shares of common stock purchased in the open market or privately negotiated transactions, or (3) a combination of both. As of and through </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">, all shares issued to participants in the DRIP Plan have been acquired through purchases in the open market.</font></div> <div style="text-align: justify; line-height: 120%; padding-left: 9px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; padding-left: 12px; font-size: 10pt;"><font style="font-style: italic; font-family: inherit; font-size: 10pt; font-weight: bold;" class="_mt">Common Stock, Operating Partnership Units and LTIP Units</font></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">As of </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">, the Company had outstanding </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">131,239,482</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> shares of the Parent Company's common stock and </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">2,593,538</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> and </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">395,531</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> operating partnership and LTIP units, respectively. A share of the Parent Company's common stock and the operating partnership and LTIP units have essentially the same economic characteristics as they share equally in the total net income or loss and distributions of the Operating Partnership. The operating partnership and LTIP units are further discussed below in this Note 3.</font></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; padding-left: 12px; font-size: 10pt;"><font style="font-style: italic; font-family: inherit; font-size: 10pt; font-weight: bold;" class="_mt">7.375% Series A Cumulative Redeemable Preferred Stock</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">As of </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">, the Parent Company had outstanding </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">9,200,000</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> shares of 7.375% Series A cumulative redeemable preferred stock, or Series A preferred stock. Dividends are cumulative on the Series A preferred stock from the date of original </font><font style="font-family: inherit; font-size: 10pt;" class="_mt">issuance in the amount of $1.84375 per share each year, which is equivalent to 7.375% of the $25.00 liquidation preference per share. Dividends on the Series A preferred stock are payable quarterly in arrears on or about the 15th day of January, April, July and October of each year. Following a change of control, if the Series A preferred stock is not listed on the New York Stock Exchange, the American Stock Exchange or the Nasdaq Global Market, holders will be entitled to receive (when and as authorized by the board of directors and declared by the Parent Company) cumulative cash dividends from, but excluding, the first date on which both the change of control and the delisting occurs at an increased rate of 8.375% per annum of the $25.00 liquidation preference per share (equivalent to an annual rate of $2.09375 per share) for as long as the Series A preferred stock is not listed. The Series A preferred stock does not have a stated maturity date and is not subject to any sinking fund or mandatory redemption provisions. Upon liquidation, dissolution or winding up, the Series A preferred stock will rank senior to the Parent Company's common stock with respect to the payment of distributions and other amounts. The Parent Company is not allowed to redeem the Series A preferred stock before January 18, 2012, except in limited circumstances to preserve its status as a REIT. On or after January 18, 2012, the Parent Company may, at its option, redeem the Series A preferred stock, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus all accrued and unpaid dividends on such Series A preferred stock up to, but excluding the redemption date. Holders of the Series A preferred stock generally have no voting rights except for limited voting rights if the Parent Company fails to pay dividends for six or more quarterly periods (whether or not consecutive) and in certain other circumstances. The Series A preferred stock is not convertible into or exchangeable for any other property or securities of the Parent Company.</font></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; padding-left: 12px; font-size: 10pt;"><font style="font-style: italic; font-family: inherit; font-size: 10pt; font-weight: bold;" class="_mt">Dividends and Distributions</font></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">The following table lists the dividends and distributions declared by the Company and the Operating Partnership during the </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">three months ended</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">:</font></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: center; line-height: 120%; font-size: 10pt;"> <div style="line-height: normal; text-indent: 0px; padding-left: 0px; padding-top: 10px;"> <table style="text-align: left; width: 100%; border-collapse: collapse; font-family: Times New Roman; margin-left: auto; font-size: 10pt; margin-right: auto;" cellspacing="0" cellpadding="0"> <tr><td colspan="15"> </td></tr> <tr><td width="14%"> </td> <td width="1%"> </td> <td width="22%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="7%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="26%"> </td> <td width="1%"> </td> <td width="13%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="9%"> </td> <td width="1%"> </td></tr> <tr><td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Declaration Date</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Securities Class</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="3"> <div style="text-align: center; font-size: 8pt;"><font style="text-align: center; font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Amount Per</font></div> <div style="text-align: center; font-size: 8pt;"><font style="text-align: center; font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Share/Unit</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Period Covered</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: center; font-size: 8pt;"><font style="text-align: center; font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Dividend and</font></div> <div style="text-align: center; font-size: 8pt;"><font style="text-align: center; font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Distribution</font></div> <div style="text-align: center; font-size: 8pt;"><font style="text-align: center; font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Payable Date</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="3"> <div style="text-align: center; font-size: 8pt;"><font style="text-align: center; font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Dividend and</font></div> <div style="text-align: center; font-size: 8pt;"><font style="text-align: center; font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Distribution Amount</font></div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="3"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="3"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">(in thousands)</font></div></td></tr> <tr><td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt;" class="_mt">March&nbsp;14, 2011</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt;" class="_mt">&nbsp;Common stock and OP units</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt;" class="_mt">$</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt;" class="_mt">0.20000</font></div></td> <td style="background-color: #cceeff; vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt;" class="_mt">&nbsp;January 1, 2011 to March 31, 2011</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt;" class="_mt">April&nbsp;15, 2011</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt;" class="_mt">$</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt;" class="_mt">26,846</font></div></td> <td style="background-color: #cceeff; vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt;" class="_mt">March&nbsp;14, 2011</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt;" class="_mt">&nbsp;Series A preferred stock/units</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt;" class="_mt">$</font></div></td> <td style="padding-bottom: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt;" class="_mt">0.46094</font></div></td> <td style="vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt;" class="_mt">&nbsp;January 16, 2011 to April 15, 2011</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt;" class="_mt">April&nbsp;15, 2011</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt;" class="_mt">$</font></div></td> <td style="padding-bottom: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt;" class="_mt">4,241</font></div></td> <td style="vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td></tr></table></div></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Total </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> dividends and distributions declared through </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">: </font></div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: center; line-height: 120%; font-size: 10pt;"> <div style="line-height: normal; text-indent: 0px; padding-left: 0px; padding-top: 10px;"> <table style="text-align: left; width: 100%; border-collapse: collapse; font-family: Times New Roman; margin-left: auto; font-size: 10pt; margin-right: auto;" cellspacing="0" cellpadding="0"> <tr><td colspan="4"> </td></tr> <tr><td width="86%"> </td> <td width="1%"> </td> <td width="12%"> </td> <td width="1%"> </td></tr> <tr><td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Common stock and OP units</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">$</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">26,846</font></div></td> <td style="background-color: #cceeff; vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Series A preferred stock/units</font></div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">4,241</font></div></td> <td style="border-bottom: #000000 1px solid; vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td></tr> <tr><td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">$</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; background-color: #cceeff; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">31,087</font></div></td> <td style="border-bottom: #000000 3px double; background-color: #cceeff; vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td></tr></table></div></div> <div style="text-align: justify; line-height: 120%; padding-left: 9px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; padding-left: 12px; font-size: 10pt;"><font style="font-style: italic; font-family: inherit; font-size: 10pt; font-weight: bold;" class="_mt">Noncontrolling Interests</font></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Noncontrolling interests on the consolidated balance sheets relate primarily to the OP units in the Operating Partnership that are not owned by the Parent Company. In conjunction with the formation of the Company, certain persons and entities contributing interests in properties to the Operating Partnership received operating partnership units. In addition, certain employees of the Operating Partnership received LTIP units in connection with services rendered or to be rendered to the Operating Partnership. Limited partners who have been issued OP units have the right to require the Operating Partnership to redeem part or all of their OP units, which right with respect to LTIP units is subject to vesting and the satisfaction of other conditions. The Parent Company may elect to acquire those OP units in exchange for shares of the Parent Company's common stock on a one-for-one basis, subject to adjustment in the event of stock splits, stock dividends, issuance of stock rights, specified extraordinary distributions and similar events, or pay cash based upon the fair market value of an equivalent number of shares of the Parent Company's common stock at the time of redemption. With respect to the noncontrolling interests in the Operating Partnership, noncontrolling interests with the redemption provisions that permit the issuer to settle in either cash or common stock at the option of the issuer are further evaluated to determine whether temporary or permanent equity classification on the balance sheet is appropriate. Since the OP units comprising the noncontrolling interests contain such a provision, the Company evaluated this guidance, including the requirement to settle in unregistered shares, and determined that the OP units meet the requirements to qualify for presentation as permanent equity.</font></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">The Company evaluates individual noncontrolling interests for the ability to continue to recognize the noncontrolling interest </font><font style="font-family: inherit; font-size: 10pt;" class="_mt">as permanent equity in the consolidated balance sheets. Any noncontrolling interest that fails to qualify as permanent equity will be reclassified as temporary equity and adjusted to the greater of (1) the carrying amount, or (2) its redemption value as of the end of the period in which the determination is made.</font></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">The redemption value of the OP units not owned by the Parent Company, had such units been redeemed at </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">, was approximately </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">$54.5 million</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> based on the average closing price of the Parent Company's common stock of </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">$18.22</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> per share for the ten consecutive trading days immediately preceding </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">.</font></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">The following table shows the vested ownership interests in the Operating Partnership were as follows:</font></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: center; line-height: 120%; font-size: 10pt;"> <div style="line-height: normal; text-indent: 0px; padding-left: 0px; padding-top: 10px;"> <table style="text-align: left; width: 100%; border-collapse: collapse; font-family: Times New Roman; margin-left: auto; font-size: 10pt; margin-right: auto;" cellspacing="0" cellpadding="0"> <tr><td colspan="12"> </td></tr> <tr><td width="47%"> </td> <td width="13%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="10%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="13%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="10%"> </td> <td width="1%"> </td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="5"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">March&nbsp;31, 2011</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="5"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">December&nbsp;31, 2010</font></div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Operating Partnership Units and LTIP Units</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Percentage of Total</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Operating Partnership Units and LTIP Units</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Percentage of Total</font></div></td></tr> <tr><td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: justify; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">BioMed Realty Trust</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">129,844,404</font></div></td> <td style="background-color: #cceeff; vertical-align: bottom; border-top: #000000 1px solid;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">97.8</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-right: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">%</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">129,603,445</font></div></td> <td style="background-color: #cceeff; vertical-align: bottom; border-top: #000000 1px solid;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">97.8</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-right: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">%</font></div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: justify; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Noncontrolling interest consisting of:</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td></tr> <tr><td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 20px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Operating partnership and LTIP units held by employees and related parties</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">2,341,408</font></div></td> <td style="background-color: #cceeff; vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">1.8</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">%</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">2,268,873</font></div></td> <td style="background-color: #cceeff; vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">1.7</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">%</font></div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 20px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Operating partnership and LTIP units held by third parties</font></div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">588,801</font></div></td> <td style="border-bottom: #000000 1px solid; vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">0.4</font></div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">%</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">588,801</font></div></td> <td style="border-bottom: #000000 1px solid; vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">0.5</font></div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">%</font></div></td></tr> <tr><td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: justify; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Total</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">132,774,613</font></div></td> <td style="border-bottom: #000000 3px double; background-color: #cceeff; vertical-align: bottom; border-top: #000000 1px solid;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">100.0</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; background-color: #cceeff; padding-right: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">%</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">132,461,119</font></div></td> <td style="border-bottom: #000000 3px double; background-color: #cceeff; vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">100.0</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; background-color: #cceeff; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">%</font></div></td></tr></table></div></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">A charge is recorded each period in the consolidated statements of income for the noncontrolling interests' proportionate share of the Company's net income. An additional adjustment is made each period such that the carrying value of the noncontrolling interests equals the greater of (1) the noncontrolling interests' proportionate share of equity as of the period end, or (2) the redemption value of the noncontrolling interests as of the period end, if such interests are classified as temporary equity. For the </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">three months ended</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">, the Company recorded an increase to the carrying value of noncontrolling interests of approximately </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">$1.0 million</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> (a corresponding decrease was recorded to additional paid-in capital) due to changes in their aggregate ownership percentage to reflect the noncontrolling interests' proportionate share of equity.</font></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">As of </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">, the Company had an </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">87.5%</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> interest in the limited liability company that owns the Ardenwood Venture property. This entity is consolidated in the accompanying consolidated financial statements. Equity interests in this partnership not owned by the Company are classified as a noncontrolling interest on the consolidated balance sheets as of </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">. Subject to certain conditions, the Company has the right to purchase the other member's interest or sell its own interest in the Ardenwood Venture limited liability company ("buy-sell option"). The estimated fair-value of this option is not material and the Company believes that it will have adequate resources to settle the option if exercised.</font></div> </div>3. Equity of the Parent Company &nbsp; During the three months ended March&nbsp;31, 2011, the Parent Company issued restricted stock awards to the Company'sfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDisclosures related to accounts comprising shareholders' equity, including other comprehensive income. Includes: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables; effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 5 -Paragraph 15 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph d -Article 4 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C, E Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Chapter 1 -Section B -Paragraph 7, 11A Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 3, 4, 5, 6, 7, 8 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 falsefalseEquity of the Parent Company12Equity of the Parent CompanyUnKnownUnKnownUnKnownUnKnownfalsetrue