CONSOLIDATED BALANCE SHEETS (USD $) In Thousands	Sep. 30, 2011	Dec. 31, 2010
ASSETS
Real estate properties	$ 1,486,907	$ 1,447,455
Development	99,261	73,722
Real estate and development properties	1,586,168	1,521,177
Less accumulated depreciation	(439,465)	(403,187)
Real estate, net	1,146,703	1,117,990
Unconsolidated investment	2,740	2,740
Cash	447	137
Other assets	62,303	62,409
TOTAL ASSETS	1,212,193	1,183,276
LIABILITIES
Mortgage notes payable	634,108	644,424
Notes payable to banks	144,298	91,294
Accounts payable and accrued expenses	30,404	20,969
Other liabilities	15,392	15,083
Total Liabilities	824,202	771,770
Stockholders' Equity:
Common shares; $.0001 par value; 70,000,000 shares authorized; 27,080,371 shares issued and outstanding at September 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	593,923	591,106
Distributions in excess of earnings	(208,680)	(182,253)
Total Stockholders' Equity	385,246	408,856
Noncontrolling interest in joint ventures	2,745	2,650
Total Equity	387,991	411,506
TOTAL LIABILITIES AND EQUITY	$ 1,212,193	$ 1,183,276