FAIR VALUE DISCLOSURES (Tables)

3 Months Ended

Mar. 31, 2013

FAIR VALUE DISCLOSURES

Schedule of assets and liabilities measured at fair value on a recurring basis

				Fair Value Measurements at Reporting Date Using
Description	March 31, 2013			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Other liabilities - Cash Flow Hedge Swap Agreements	$	(13,657	)	$	—	$	(13,657	)	$	—

Schedule of fair value of financial instruments

	March 31, 2013				December 31, 2012
	Fair		Carrying		Fair		Carrying
	Value		Value		Value		Value
Note receivable from Preferred Operating Partnership unit holder	$	107,215	$	100,000	$	108,138	$	100,000
Fixed rate notes payable and notes payable to trusts	$	1,317,283	$	1,268,633	$	1,342,957	$	1,275,605