XML 40 R88.htm IDEA: XBRL DOCUMENT v2.3.0.15
Impairment (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended9 Months Ended9 Months Ended3 Months Ended9 Months Ended3 Months Ended9 Months Ended3 Months Ended9 Months Ended3 Months Ended9 Months Ended3 Months Ended9 Months Ended3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Apr. 30, 2011
Sep. 30, 2010
Sheridan [Member]
Apr. 02, 2010
Sheridan [Member]
Sep. 30, 2011
Land Held For Development And Undeveloped Land [Member]
Sep. 30, 2010
Land Held For Development And Undeveloped Land [Member]
Sep. 30, 2011
Land Held For Development And Undeveloped Land [Member]
Sep. 30, 2010
Land Held For Development And Undeveloped Land [Member]
Sep. 30, 2011
Property Marketed For Sale [Member]
Sep. 30, 2010
Property Marketed For Sale [Member]
Sep. 30, 2011
Property Marketed For Sale [Member]
Sep. 30, 2010
Property Marketed For Sale [Member]
Sep. 30, 2011
Investments In Real Estate Joint Ventures And Partnerships [Member]
Sep. 30, 2011
Investments In Real Estate Joint Ventures And Partnerships [Member]
Sep. 30, 2010
Investments In Real Estate Joint Ventures And Partnerships [Member]
Sep. 30, 2011
Subordinate Tax Increment Revenue Bonds [Member]
Sep. 30, 2011
Property Held For Sale Or Sold [Member]
Sep. 30, 2011
Property Held For Sale Or Sold [Member]
Sep. 30, 2011
Impairment Charges at Equity In Loss Of Real Estate Joint Ventures And Partnerships [Member]
Sep. 30, 2011
Impairment Charges at Equity In Loss Of Real Estate Joint Ventures And Partnerships [Member]
Sep. 30, 2010
Impairment Charges at Equity In Loss Of Real Estate Joint Ventures And Partnerships [Member]
Sep. 30, 2011
Impairment Charges at Net Loss Attributable To Noncontrolling Interests [Member]
Sep. 30, 2011
Impairment Charges at Net Loss Attributable To Noncontrolling Interests [Member]
Impairment losses related to property       $ 23,646[1]$ 2,827[1]$ 23,646[1]$ 2,827[1]$ 10,224[2]$ 2,114[2]$ 11,149[2]$ 2,350[2]    $ 14,845$ 17,733     
Impairment losses related to partially owned real estate joint ventures and partnerships     15,800         1,474[3]1,474[3]15,825[3]        
Impairment losses related to tax increment revenue bonds                  18,737[4]       
Total reported in continuing operations35,3444,94155,00621,002                      
Total impairment charges50,1894,94172,73921,002                      
Equity in loss of real estate joint ventures and partnerships, net(3,034)3,4553,9429,321                 6,9127,022115  
Net loss attributable to noncontrolling interests(2,738)1,712(410)3,093                    (4,459)(4,459)
Net impact of impairment charges$ 52,642$ 4,941$ 75,302$ 21,117                      
Ownership percentage in joint ventures47.80% 47.80% 50.00% 50.00%                   
[1] These impairments were prompted by changes in management's plans for these properties, recent comparable market transactions and a change in market conditions.
[2] These charges resulted from changes in management's plans for these properties, primarily the marketing of these properties for sale.
[3] Amounts reported in 2011 relate to current market conditions and liquidation plans for the underlying individual joint venture properties. The amount reported in 2010 represents an impairment loss recognized in connection with the revaluation of our 50% equity interest in a development project in Sheridan, Colorado, as a result of our assumption of control of the project as of April 1, 2010. See Note 4 for additional information.
[4] During 2011, the tax increment revenue bonds were remarketed by the issuer. All of the outstanding bonds were recalled, and new bonds were issued. We recorded an $18.7 million net credit loss on the exchange of bonds associated with our investment in the subordinated tax increment revenue bonds (see Notes 15 and 16 for further information).