CONSOLIDATED BALANCE SHEETS - Unaudited (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
ASSETS
Real estate properties	$ 1,572,316	$ 1,550,444
Development	120,417	112,149
Real estate and development properties	1,692,733	1,662,593
Less accumulated depreciation	(475,389)	(451,805)
Real estate, net	1,217,344	1,210,788
Unconsolidated investment	2,845	2,757
Cash	118	174
Other Assets	75,923	72,797
TOTAL ASSETS	1,296,230	1,286,516
LIABILITIES
Mortgage notes payable	623,910	628,170
Unsecured term loan payable	50,000	50,000
Notes payable to banks	120,945	154,516
Accounts payable and accrued expenses	24,295	31,205
Other liabilities	15,917	17,016
Total Liabilities	835,067	880,907
Stockholders' Equity:
Common shares; $.0001 par value; 70,000,000 shares authorized; 29,178,725 shares issued and outstanding at June 30, 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	691,293	619,386
Distributions in excess of earnings	(232,923)	(216,560)
Total Stockholders' Equity	458,373	402,829
Noncontrolling interest in joint ventures	2,790	2,780
Total Equity	461,163	405,609
TOTAL LIABILITIES AND EQUITY	$ 1,296,230	$ 1,286,516