Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Per Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Revenues
Real estate revenues	$ 28,201	$ 16,496	$ 39,978	$ 25,938
Interest income	132	132	300	254
Other	33	674	300	733
Total revenues	28,366	17,302	40,578	26,925
Expenses
Real estate expenses	25,652	17,819	41,620	31,694
Impairment charges	13,800	0	14,097	168
General and administrative expenses	3,349	3,762	6,750	7,845
Loss on repurchase of 4.50% Notes	0	0	211	0
Interest expense	2,362	1,486	4,793	3,162
Total expenses	45,163	23,067	67,471	42,869
Equity earnings (losses) from unconsolidated entities	143	(117)	15	(207)
Loss before income taxes	(16,654)	(5,882)	(26,878)	(16,151)
Income tax benefit	0	0	0	0
Net loss (including net loss attributable to non-controlling interests)	(16,654)	(5,882)	(26,878)	(16,151)
Less: Net loss attributable to non-controlling interests	(128)	(139)	(255)	(272)
Net loss attributable to Avatar	$ (16,526)	$ (5,743)	$ (26,623)	$ (15,879)
Basic and Diluted Loss Per Share (in dollars per share)	$ (1.33)	$ (0.51)	$ (2.14)	$ (1.41)