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Investment in Unconsolidated Ventures (Tables)
6 Months Ended
Jun. 30, 2012
Equity Method Investments and Joint Ventures [Abstract]  
Financial position of unconsolidated Real Estate Ventures
 
June 30,
2012
 
December 31,
2011

Net property
$
840,292

 
$
846,643

Other assets
113,449

 
110,520

Other liabilities
46,225

 
48,798

Debt
679,026

 
745,830

Equity
228,490

 
162,535

Company’s share of equity (Company’s basis)
133,292

 
115,807

Summary of results of operations of unconsolidated Real Estate Ventures
 
Three-month periods
ended June 30,
 
Six-month periods
ended June 30,
 
2012
 
2011
 
2012
 
2011
Revenue
$
39,008

 
$
32,722

 
$
77,601

 
$
72,398

Operating expenses
11,000

 
14,370

 
27,815

 
30,544

Interest expense, net
9,840

 
9,550

 
21,089

 
21,673

Depreciation and amortization
13,887

 
8,487

 
25,358

 
18,968

Net income (loss)
4,281

 
315

 
3,339

 
1,213

Company’s share of income (Company’s basis)
838

 
1,088

 
882

 
2,321