CONSOLIDATED BALANCE SHEETS - Unaudited (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
ASSETS
Real estate properties	$ 1,569,459	$ 1,550,444
Development	112,703	112,149
Real estate and development properties	1,682,162	1,662,593
Less accumulated depreciation	(464,873)	(451,805)
Real estate, net	1,217,289	1,210,788
Unconsolidated investment	2,846	2,757
Cash	205	174
Other assets	72,301	72,797
TOTAL ASSETS	1,292,641	1,286,516
LIABILITIES
Mortgage notes payable	672,393	628,170
Unsecured term loan payable	50,000	50,000
Notes payable to banks	118,917	154,516
Accounts payable and accrued expenses	19,885	31,205
Other liabilities	16,926	17,016
Total Liabilities	878,121	880,907
Stockholders' Equity:
Common shares; $.0001 par value; 70,000,000 shares authorized; 28,101,565 shares issued and outstanding at March 31, 2012 and 27,658,059 at December 31, 2011	3	3
Excess shares; $.0001 par value; 30,000,000 shares authorized; no shares issued	0	0
Additional paid-in capital on common shares	637,635	619,386
Distributions in excess of earnings	(225,932)	(216,560)
Total Stockholders' Equity	411,706	402,829
Noncontrolling interest in joint ventures	2,814	2,780
Total Equity	414,520	405,609
TOTAL LIABILITIES AND EQUITY	$ 1,292,641	$ 1,286,516