Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Income Taxes [Abstract]

Tax treatment of distributions

	December 31,
	2011		2010		2009
Ordinary income	$	0.49	$	0.69	$	0.08
Long-term capital gain		0.07		0.03		0.54
Unrecapture section 1250 gain		0.21		0.01		0.05
	$	0.77	$	0.73	$	0.67

Components of the provision for income tax

	December 31,
	2011			2010			2009
Income tax expense/(benefit)
Current
Federal	$	463		$	(3,510	)	$	(11,925	)
State		552			977			(2,573	)
Total current		1,015			(2,533	)		(14,498	)
Deferred
Federal		6,646			119			12,030
State		(90	)		(119	)		2,779
Total deferred		6,556			—			14,809
Total income tax expense/(benefit)	$	7,571		$	(2,533	)	$	311
Classification of income tax (benefit)/expense
Continuing operations	$	(5,647	)	$	(2,533	)	$	311
Discontinued operations		13,218			—			—

Components of TRS deferred tax assets and liabilities

	2011			2010			2009
Deferred tax assets:
Federal and state tax attributes	$	24,524		$	33,053		$	20,239
Book/tax depreciation		10,045			9,708			3,946
Construction capitalization differences		5,948			5,235			3,045
Investment in partnerships		3,618			3,346			4,711
Debt and interest deductions		—			10,784			8,175
Other		999			586			285
Total deferred tax assets		45,134			62,712			40,401
Valuation allowance		(45,134	)		(55,516	)		(33,554	)
Net deferred tax assets		—			7,196			6,847
Deferred tax liabilities:
Other		—			(640	)		(291	)
Total deferred tax liabilities		—			(640	)		(291	)
Net deferred tax asset	$	—		$	6,556		$	6,556

Income tax expense/(benefit)

	December 31,
	2011			2010			2009
Income tax expense/(benefit)
U.S. federal income tax expense/(benefit)	$	11,715		$	(16,006	)	$	(17,042	)
State income tax provision/(benefit)		2,099			19			(1,391	)
Other items		1,227			(5,100	)		1,260
Valuation allowance		(7,470	)		18,554			17,484
Total income tax expense/(benefit)	$	7,571		$	(2,533	)	$	311