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Consolidated Balance Sheets (USD $)
In Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents $ 2,936 $ 5,066
Real estate facilities, at cost:    
Land 569,125 562,678
Buildings and equipment 1,806,582 1,773,682
Gross real estate investment property 2,375,707 2,336,360
Accumulated depreciation (809,810) (772,407)
Net real estate investment property 1,565,897 1,563,953
Properties held for disposition, net 6,686 6,671
Land held for development 6,829 6,829
Total real estate investments 1,579,412 1,577,453
Rent receivable 3,214 3,127
Deferred rent receivable 22,660 22,277
Other assets 11,067 13,134
Total assets 1,619,289 1,621,057
LIABILITIES AND EQUITY    
Accrued and other liabilities 51,553 53,421
Credit facility 17,500 93,000
Note payable to affiliate 116,000  
Mortgage notes payable 48,184 51,511
Total liabilities 233,237 197,932
Commitments and contingencies    
PS Business Parks, Inc.'s shareholders' equity:    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, 23,942 shares issued and outstanding at June 30, 2011 and December 31, 2010 598,546 598,546
Common stock, $0.01 par value, 100,000,000 shares authorized, 24,716,144 and 24,671,177 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively 246 246
Paid-in capital 560,169 557,882
Cumulative net income 833,524 784,616
Cumulative distributions (790,403) (747,762)
Total PS Business Parks, Inc.'s shareholders' equity 1,202,082 1,193,528
Noncontrolling interests:    
Preferred units 5,583 53,418
Common units 178,387 176,179
Total noncontrolling interests 183,970 229,597
Total equity 1,386,052 1,423,125
Total liabilities and equity $ 1,619,289 $ 1,621,057