CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
ASSETS
Real estate properties	$ 1,550,444	$ 1,447,455
Development	112,149	73,722
Real estate and development properties	1,662,593	1,521,177
Less accumulated depreciation	(451,805)	(403,187)
Real estate, net	1,210,788	1,117,990
Unconsolidated investment	2,757	2,740
Cash	174	137
Other assets	72,797	62,409
TOTAL ASSETS	1,286,516	1,183,276
LIABILITIES
Mortgage notes payable	628,170	644,424
Unsecured term loan payable	50,000	0
Notes payable to banks	154,516	91,294
Accounts payable and accrued expenses	31,205	20,969
Other liabilities	17,016	15,083
Total Liabilities	880,907	771,770
Stockholders' Equity:
Common shares; $.0001 par value; 70,000,000 shares authorized; 27,658,059 shares issued and outstanding at December 31, 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	619,386	591,106
Distributions in excess of earnings	(216,560)	(182,253)
Accumulated other comprehensive loss	0	0
Total Stockholders' Equity	402,829	408,856
Noncontrolling interest in joint ventures	2,780	2,650
Total Equity	405,609	411,506
TOTAL LIABILITIES AND EQUITY	$ 1,286,516	$ 1,183,276