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Non Controlling Interests in The Parent Company
12 Months Ended
Dec. 31, 2013
Noncontrolling Interest [Abstract]  
NON-CONTROLLING INTERESTS IN THE PARENT COMPANY
NON-CONTROLLING INTERESTS IN THE PARENT COMPANY'S FINANCIAL STATEMENTS
Non-controlling interests in the Parent Company’s financial statements relate to redeemable common limited partnership interests in the Operating Partnership held by parties other than the Parent Company and properties which are consolidated but not wholly owned.
Operating Partnership
The aggregate book value of the non-controlling interests associated with the redeemable common limited partnership interests that were consolidated in the accompanying consolidated balance sheet of the Parent Company as of December 31, 2013 and December 31, 2012, was $20.3 million and $21.2 million, respectively. The Parent Company believes that the aggregate settlement value of these interests (based on the number of units outstanding and the closing price of the common shares on the balance sheet date) was approximately $24.8 million and $22.5 million, respectively, as of December 31, 2013 and December 31, 2012.