Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Schedule of Derivative Instruments [Table Text Block]

The following is a summary of the fair value of the Company’s mortgages, construction loans payable, other debt and Exchangeable Senior Notes aggregated by the level in the fair value hierarchy within which those measurements fall (in thousands):

	Estimated Fair Value
March 31, 2015	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Carrying Value
Fixed-rate mortgage loans	$	-	$	372,771	$	-	$	387,019
Variable-rate mortgage loans		-		16,417		-		16,548
Construction loans		-		162,011		-		162,928
Exchangeable Senior Notes		-		102,030		-		97,588
Other Debt		-		7,024		-		6,888
December 31, 2014
Fixed-rate mortgage loans	$	-	$	164,808	$	-	$	163,341
Variable-rate mortgage loans		-		16,467		-		16,613
Construction loans		-		119,952		-		120,719
Exchangeable Senior Notes		-		101,793		-		97,419
Other Debt		-		3,014		-		2,827

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

The table below aggregates the fair values of these assets by their level in the fair value hierarchy as of December 31, 2014 (in thousands):

	As of December 31, 2014
	Total		Level 1		Level 2		Level 3
HSRE JV - I	$	212	$	-	$	-	$	212
HSRE JV - V		-		-		-		-
HSRE JV - VI		6,815		-		-		6,815
HSRE JV - X		8,073		-		-		8,073
CSH Montreal		6,947		-		-		6,947
Land Parcels and Toledo		45,518		-		-		45,518
Total assets	$	67,565	$	-	$	-	$	67,565
HSRE JV - V		(4,500)		-		-		(4,500)
Total liabilities	$	(4,500)	$	-	$	-	$	(4,500)