XML 35 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS - Unaudited (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Real estate properties $ 1,583,171 $ 1,550,444
Development 130,533 112,149
Real estate and development properties 1,713,704 1,662,593
Less accumulated depreciation (487,902) (451,805)
Real estate, net 1,225,802 1,210,788
Unconsolidated investment 2,794 2,757
Cash 1,027 174
Other Assets 69,449 72,797
TOTAL ASSETS 1,299,072 1,286,516
LIABILITIES    
Mortgage notes payable 613,797 628,170
Unsecured term loan payable 130,000 50,000
Notes payable to banks 46,451 154,516
Accounts payable and accrued expenses 34,066 31,205
Other liabilities 16,898 17,016
Total Liabilities 841,212 880,907
Stockholders' Equity:    
Common shares; $.0001 par value; 70,000,000 shares authorized; 29,278,070 shares issued and outstanding at September 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 697,311 619,386
Distributions in excess of earnings (241,616) (216,560)
Accumulated Other Comprehensive Income (Loss), Net of Tax (605) 0
Total Stockholders' Equity 455,093 402,829
Noncontrolling interest in joint ventures 2,767 2,780
Total Equity 457,860 405,609
TOTAL LIABILITIES AND EQUITY $ 1,299,072 $ 1,286,516