Summary of Significant Accounting Policies and Procedures and Recent Accounting Pronouncements (Tables)

6 Months Ended

Jun. 30, 2011

Summary of Significant Accounting Policies and Procedures and Recent Accounting Pronouncements [Abstract]

Other assets

	June 30,		December 31,
D.  Other assets consist of the following (dollars in thousands) at:	2011		2010
Value of in-place and above market leases, net	$	106,551	$	26,221
Deferred bond financing costs, net		23,224		14,203
Notes receivable issued in connection with Crest property sales		22,002		22,075
Prepaid expenses		8,926		8,431
Restricted escrow deposits		5,999		6,361
Credit facility origination costs, net		3,874		4,619
Corporate assets, net of accumulated depreciation and amortization		767		827
Deferred financing costs on assumed mortgages payable, net		583		--
Other items		2,288		1,861
	$	174,214	$	84,598

Distributions payable

E.  Distributions payable consist of the following declared  distributions (dollars in thousands) at:	June 30,  2011,		December 31, 2010,
Common stock distributions	$	18,380	$	17,030
Preferred stock dividends		2,021		2,021
	$	20,401	$	19,051

Accounts payable and accrued expenses

F.  Accounts payable and accrued expenses consist of the  following (dollars in thousands) at:	June 30, 2011		December 31, 2010
Bond interest payable	$	32,943	$	33,240
Other items		19,020		13,779
	$	51,963	$	47,019

Other liabilities

G.  Other liabilities consist of the following (dollars in thousands) at:	June 30, 2011		December 31, 2010
Rent received in advance	$	8,595	$	14,564
Security deposits		4,370		4,539
Value of in-place below-market leases, net		5,125		3,452
	$	18,090	$	22,555