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

9 Months Ended

Sep. 30, 2011

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

Other assets

	September 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	$	150,124	$	26,221
Deferred bond financing costs, net		22,729		14,203
Notes receivable issued in connection with Crest property sales		21,965		22,075
Note receivable assumed in connection with 2011 acquisitions		8,780		--
Prepaid expenses		8,236		8,431
Restricted escrow deposits		2,830		6,361
Credit facility origination costs, net		3,508		4,619
Deferred financing costs on assumed mortgages payable, net		835		--
Corporate assets, net of accumulated depreciation and amortization		739		827
Other items		2,138		1,861
	$	221,884	$	84,598

Distributions payable

E.  Distributions payable consist of the following declared	September 30,		December 31,
distributions (dollars in thousands) at:		2011		2010
Common stock distributions	$	19,339	$	17,030
Preferred stock dividends		2,021		2,021
	$	21,360	$	19,051

Accounts payable and other accrued expenses

F.  Accounts payable and accrued expenses consist of the	September 30,		December 31,
following (dollars in thousands) at:		2011		2010
Bond interest payable	$	12,925	$	33,240
Accrued costs on properties under development		5,023		420
Other items		16,590		13,359
	$	34,538	$	47,019

Other liabilities

	September 30,		December 31,
G.  Other liabilities consist of the following (dollars in thousands) at:	2011		2010
Rent received in advance	$	17,496	$	14,564
Value of in-place below-market leases, net		6,600		3,452
Security deposits		4,488		4,539
	$	28,584	$	22,555