CONSOLIDATED BALANCE SHEETS (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
ASSETS
Real estate properties	$ 1,460,027	$ 1,447,455
Development	82,518	73,722
Real estate and development properties	1,542,545	1,521,177
Less accumulated depreciation	(427,290)	(403,187)
Real estate, net	1,115,255	1,117,990
Unconsolidated investment	2,743	2,740
Cash	100	137
Other assets	61,599	62,409
TOTAL ASSETS	1,179,697	1,183,276
LIABILITIES
Mortgage notes payable	639,962	644,424
Notes payable to banks	108,745	91,294
Accounts payable and accrued expenses	20,781	20,969
Other liabilities	14,943	15,083
Total Liabilities	784,431	771,770
Stockholders' Equity:
Common shares; $.0001 par value; 70,000,000 shares authorized; 27,062,686 shares issued and outstanding at June 30, 2011 and 26,973,531 at December 31, 2010	3	3
Excess shares; $.0001 par value; 30,000,000 shares authorized; no shares issued	0	0
Additional paid-in capital on common shares	592,824	591,106
Distributions in excess of earnings	(200,270)	(182,253)
Total Stockholders' Equity	392,557	408,856
Noncontrolling interest in joint ventures	2,709	2,650
Total Equity	395,266	411,506
TOTAL LIABILITIES AND EQUITY	$ 1,179,697	$ 1,183,276