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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2012
Segment Reporting [Abstract]  
Segment information
 
Pennsylvania
Suburbs
 
Philadelphia
CBD
 
Metropolitan, D.C.
 
New Jersey/Delaware
 
Richmond,
Virginia
 
Austin, Texas
 
California
 
Corporate
 
Total
As of June 30, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate investments, at cost:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating properties
$
1,167,390

 
$
955,563

 
$
1,182,895

 
$
545,241

 
$
307,932

 
$
258,924

 
$
221,102

 
$
—

 
$
4,639,047

Construction-in-progress
 
 
 
 
 
 
 
 
 
 
 
 
 
 
57,420

 
57,420

Land inventory
 
 
 
 
 
 
 
 
 
 
 
 
 
 
109,564

 
109,564

As of December 31, 2011:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate investments, at cost:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating properties
$
1,218,071

 
$
953,870

 
$
1,255,803

 
$
545,657

 
$
307,698

 
$
257,694

 
$
254,287

 
$
—

 
$
4,793,080

Construction-in-progress
 
 
 
 
 
 
 
 
 
 
 
 
 
 
25,083

 
25,083

Land inventory
 
 
 
 
 
 
 
 
 
 
 
 
 
 
109,008

 
109,008

For the three-months ended June 30, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenue
$
36,934

 
$
31,911

 
$
26,967

 
$
20,287

 
$
8,902

 
$
8,188

 
$
4,831

 
$
(444
)
 
$
137,576

Property operating expenses, real estate taxes and third party management expenses
12,711

 
11,965

 
10,454

 
8,932

 
3,471

 
3,612

 
2,488

 
(329
)
 
53,304

Net operating income
$
24,223

 
$
19,946

 
$
16,513

 
$
11,355

 
$
5,431

 
$
4,576

 
$
2,343

 
$
(115
)
 
$
84,272

For the three-months ended June 30, 2011:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenue
$
37,159

 
$
30,573

 
$
30,309

 
$
19,832

 
$
9,278

 
$
7,637

 
$
4,781

 
$
(320
)
 
$
139,249

Property operating expenses, real estate taxes and third party management expenses
12,825

 
11,203

 
11,486

 
9,516

 
3,614

 
3,412

 
2,563

 
(212
)
 
54,407

Net operating income
$
24,334

 
$
19,370

 
$
18,823

 
$
10,316

 
$
5,664

 
$
4,225

 
$
2,218

 
$
(108
)
 
$
84,842

For the six-months ended June 30, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenue
$
75,039

 
$
65,061

 
$
53,403

 
$
40,889

 
$
17,937

 
$
15,681

 
$
9,800

 
$
(823
)
 
$
276,987

Property operating expenses, real estate taxes and third party management expenses
26,055

 
24,650

 
20,520

 
18,668

 
7,113

 
7,009

 
4,858

 
(768
)
 
108,105

Net operating income
$
48,984

 
$
40,411

 
$
32,883

 
$
22,221

 
$
10,824

 
$
8,672

 
$
4,942

 
$
(55
)
 
$
168,882

For the six-months ended June 30, 2011:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenue
$
75,136

 
$
62,423

 
$
60,640

 
$
39,811

 
$
18,076

 
$
15,749

 
$
9,584

 
$
(553
)
 
$
280,866

Property operating expenses, real estate taxes and third party management expenses
28,617

 
23,423

 
23,135

 
20,603

 
7,003

 
6,506

 
5,004

 
(545
)
 
113,746

Net operating income
$
46,519

 
$
39,000

 
$
37,505

 
$
19,208

 
$
11,073

 
$
9,243

 
$
4,580

 
$
(8
)
 
$
167,120
Reconciliation of consolidated net operating income
 
Three-month periods
ended June 30,
 
Six-month periods
ended June 30,
 
2012
 
2011
 
2012
 
2011
 
(amounts in thousands)
 
(amounts in thousands)
Consolidated net operating income
$
84,272

 
$
84,842

 
$
168,882

 
$
167,120

Less:
 
 
 
 
 
 
 
Interest expense
(32,981
)
 
(34,738
)
 
(67,125
)
 
(67,131
)
Deferred financing costs
(1,261
)
 
(1,070
)
 
(2,572
)
 
(1,998
)
Depreciation and amortization
(49,331
)
 
(55,710
)
 
(98,880
)
 
(105,214
)
Administrative expenses
(6,079
)
 
(5,890
)
 
(12,129
)
 
(12,134
)
Plus:
 
 
 
 
 
 
 
Interest income
1,841

 
421

 
2,324

 
862

Interest expense - financing obligation
(196
)
 
—

 
(378
)
 
—

Equity in income of real estate ventures
838

 
1,088

 
882

 
2,321

Net gain on sales of interests in real estate
—

 
—

 
—

 
2,791

Loss on early extinguishment of debt
(1,250
)
 
(756
)
 
(1,498
)
 
(756
)
Loss from continuing operations
(4,147
)
 
(11,813
)
 
(10,494
)
 
(14,139
)
Income from discontinued operations
10,949

 
5,579

 
26,632

 
7,415

Net income (loss)
$
6,802

 
$
(6,234
)
 
$
16,138

 
$
(6,724
)