Property (Tables)

6 Months Ended

Jun. 30, 2012

Property, Plant and Equipment [Abstract]

Our property consists of the following (in thousands):



	June 30, 2012		December 31, 2011
Land	$	870,826	$	918,627
Land held for development	126,616		124,528
Land under development	15,545		20,281
Buildings and improvements	3,267,219		3,557,173
Construction in-progress	65,685		67,917
Total	$	4,345,891	$	4,688,526

Schedule Of Capitalized Expenses

The following carrying charges were capitalized (in thousands):



	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Interest	$	811	$	317	$	1,594	$	654
Real estate taxes	123		72		246		83
Total	$	934	$	389	$	1,840	$	737

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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