Risk Management and Use of Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2012

Risk Management and Use of Deriviative Financial Instruments

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

		Asset Derivatives Fair Value at December 31,				Liability Derivatives Fair Value at December 31,
	Balance Sheet Location	2012		2011		2012		2011
Derivatives Designated
as Hedging Instruments
Foreign currency forwards	Other assets, net	$	4,229	$	5,206	$	-	$	-
Foreign currency collars	Other assets, net		2,743		5,657		-		-
Interest rate cap	Other assets, net		1		80		-		-
Foreign currency forwards	Accounts payable,
	accrued expenses and
	other liabilities		-		-		(2,533)		-
Interest rate swaps	Accounts payable,
	accrued expenses and
	other liabilities		-		-		(20,142)		(8,682)
Derivatives Not Designated
as Hedging Instruments
Embedded derivatives (a)	Accounts payable,
	accrued expenses and
	other liabilities		-		-		(1,141)		-
Stock warrants (b)	Other assets, net		1,485		1,419		-		-
Put options	Other assets, net		-		224		-		-
Put options	Accounts payable,
	accrued expenses and
	other liabilities		-		-		-		(224)
Total derivatives		$	8,458	$	12,586	$	(23,816)	$	(8,906)

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

	Amount of Gain (Loss) Recognized in
	Other Comprehensive Loss on Derivatives (Effective Portion)
	Years Ended December 31,
Derivatives in Cash Flow Hedging Relationships	2012		2011		2010
Interest rate cap (a)	$	811	$	(244)	$	(2,221)
Interest rate swaps		(11,046)		(6,864)		(1,073)
Foreign currency collars		(2,951)		6,698		-
Foreign currency forward contract		(3,030)		-		-
Put options		192		-		-
Derivatives in Net Investment Hedging Relationships (b)
Foreign currency contracts		(734)		(4,809)		(1,081)
Total	$	(16,758)	$	(5,219)	$	(4,375)

	Amount of Gain (Loss) Reclassified from
	Other Comprehensive Loss into Income (Effective Portion)
	Years Ended December 31,
Derivatives in Cash Flow Hedging Relationships	2012		2011		2010
Foreign currency collars (c)	$	1,918	$	624	$	-
Foreign currency forwards (c)		366		-		-
Interest rate cap		(890)		-		-
Interest rate swaps		(4,867)		-		-
Total	$	(3,473)	$	624	$	-

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

		Amount of Gain (Loss) Recognized in
		Income on Derivatives
	Location of Gain (Loss)	Years Ended December 31,
Derivatives Not in Cash Flow Hedging Relationships	Recognized in Income	2012		2011		2010
Embedded derivatives	Other income and (expenses)	$	(1,141)	$	-	$	-
Put options	Other income and (expenses)		(2)		-		-
Foreign currency contracts	Other income and (expenses)		254		432		-
Stock warrants	Other income and (expenses)		66		(198)		-
Interest rate swap (a)	Interest expense		(34)		-		-
Total		$	(857)	$	234	$	-

Schedule of Derivative Instruments

		Notional		Effective	Effective	Expiration	Fair Value at
	Type	Amount		Interest Rate	Date	Date	December 31, 2012 (a)
6-Month Euribor	“Pay-fixed” swap	€	164,250	4.2%	9/2011	9/2016	$	(11,200)
3-Month Euribor	“Pay-fixed” swap	€	5,845	5.8%	7/2010	11/2017		(658)
3-Month Euribor	“Pay-fixed” swap	€	3,852	4.3%	6/2012	5/2017		(189)
3-Month LIBOR (b)	Interest rate cap	$	119,260	N/A	8/2009	8/2014		1
1-Month LIBOR	“Pay-fixed” swap	$	92,400	3.9%	2/2012	2/2017		(2,644)
3-Month LIBOR	“Pay-fixed” swap	$	25,793	6.6%	1/2010	12/2019		(3,822)
1-Month LIBOR	“Pay-fixed” swap	$	9,000	5.0%	3/2012	3/2022		(429)
1-Month LIBOR	“Pay-fixed” swap	$	4,459	4.6%	6/2012	7/2022		(111)
1-Month LIBOR	“Pay-fixed” swap	$	4,292	4.8%	10/2012	11/2022		(99)
1-Month LIBOR	“Pay-fixed” swap	$	4,120	6.0%	1/2011	1/2021		(550)
1-Month LIBOR	“Pay-fixed” swap	$	1,600	4.8%	12/2011	12/2021		(84)
1-Month LIBOR	“Pay-fixed” swap	$	20,075	4.8%	12/2012	12/2022		(356)
							$	(20,141)

	Notional		Strike		Effective	Expiration	Fair Value at
Type	Amount		Price		Date	Date	December 31, 2012 (a)
Designated as Cash Flow Hedging Instruments
Collars	€	35,446	$	1.40 - 1.44	9/2011	3/2013 - 9/2014	$	2,743
Forward contracts	€	45,000		1.39	7/2011	7/2013		2,882
Forward contracts	€	30,523		1.34 - 1.35	9/2011	3/2013 - 3/2015		570
Forward contracts	€	56,700		1.28 - 1.29	5/2012	12/2014 - 6/2017		(2,381)
Forward contracts	€	17,100		1.34	12/2012	9/2017 - 3/2018		(174)
Forward contracts	¥	1,612,963		.0122 - .0128	12/2012	6/2013 - 12/2017		799
							$	4,439

Schedules of Concentration of Risk, by Risk Factor

	December 31, 2012
Region:
New York	10%
Other U.S.	53%
Total U.S.	63%
Italy	11%
Other international	26%
Total international	37%
Total	100%
Asset Type:
Office	32%
Warehouse/Distribution	26%
Retail	24%
Industrial	13%
All other	5%
Total	100%
Tenant Industry:
Retail	23%
Media - Printing & Publishing	15%
Grocery	14%
All other	48%
Total	100%
Guarantor/Tenant:
Metro AG (Europe)	11%
The New York Times Company (U.S.)	10%