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CONSOLIDATED BALANCE SHEETS - Unaudited - USD ($)
Jun. 30, 2015
Dec. 31, 2014
ASSETS    
Real estate properties $ 1,932,961,000 $ 1,894,973,000
Development 198,143,000 179,973,000
Real estate and development properties 2,131,104,000 2,074,946,000
Less accumulated depreciation (627,336,000) (600,526,000)
Real estate, net 1,503,768,000 1,474,420,000
Unconsolidated investment 8,090,000 7,884,000
Cash 13,000 11,000
Other Assets 91,612,000 93,509,000
TOTAL ASSETS 1,603,483,000 1,575,824,000
LIABILITIES    
Secured debt 385,714,000 453,776,000
Unsecured debt 455,000,000 380,000,000
Unsecured bank credit facilities 133,328,000 99,401,000
Accounts payable and accrued expenses 35,166,000 39,439,000
Other liabilities 27,853,000 27,593,000
Total Liabilities 1,037,061,000 1,000,209,000
Stockholders' Equity:    
Common shares; $.0001 par value; 70,000,000 shares authorized; 32,314,021 shares issued and outstanding at June 30, 2015 and 32,232,587 at December 31, 2014 3,000 3,000
Excess shares; $.0001 par value; 30,000,000 shares authorized; no shares issued 0 0
Additional paid-in capital on common shares 877,181,000 874,335,000
Distributions in excess of earnings (313,392,000) (300,852,000)
Accumulated Other Comprehensive Loss (1,770,000) (2,357,000)
Total Stockholders' Equity 562,022,000 571,129,000
Noncontrolling interest in joint ventures 4,400,000 4,486,000
Total Equity 566,422,000 575,615,000
TOTAL LIABILITIES AND EQUITY $ 1,603,483,000 $ 1,575,824,000