XML 65 R30.htm IDEA: XBRL DOCUMENT

Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2011

Real Estate and Accumulated Depreciation [Abstract]

Summary of Real Estate and Accumulated Depreciation

Real Estate and Accumulated Depreciation

December 31, 2011

(In thousands)


		Initial Cost												Total Cost^(B)												Accumulated Depreciation				Total Cost, Net of Accumulated Depreciation				Encumbrances				Depreciable Lives (Years)⁽¹⁾		Date of Construction (C) Acquisition (A)
		Land				Buildings & Improvements				Improvements				Land				Buildings & Improvements				Total				Accumulated Depreciation				Total Cost, Net of Accumulated Depreciation				Encumbrances				Depreciable Lives (Years)⁽¹⁾		Date of Construction (C) Acquisition (A)
Bayamon, PR		$	132,074			$	152,441			$	0			$	132,759			$	158,169			$	290,928			$	34,714			$	256,214			$	0			S/L 31.5		2005(A)
Carolina, PR			28,522				76,947				0				28,601				80,479				109,080				17,500				91,580				57,500			S/L 31.5		2005(A)
Humacao, PR			16,386				74,059				0				16,386				81,569				97,955				18,648				79,307				0			S/L 31.5		2005(A)
Isabela, PR			8,175				41,094				0				8,236				42,858				51,094				9,674				41,420				22,936			S/L 31.5		2005(A)
San German, PR			3,215				24				0				3,215				41				3,256				27				3,229				0			S/L 31.5		2005(A)
Cayey, PR			18,226				25,101				0				18,226				25,101				43,327				5,776				37,551				21,715			S/L 31.5		2005(A)
Bayamon, PR			91,645				98,007				0				92,027				106,320				198,347				23,039				175,308				109,500			S/L 31.5		2005(A)
San Juan, PR			10,338				23,285				0				10,338				29,752				40,090				6,011				34,079				0			S/L 31.5		2005(A)
Bayamon, PR			4,294				11,987				0				4,584				19,191				23,775				3,011				20,764				0			S/L 31.5		2005(A)
Arecibo, PR			7,965				29,898				0				8,094				31,215				39,309				7,072				32,237				0			S/L 31.5		2005(A)
Hatillo, PR			101,219				105,465				0				101,219				120,503				221,722				25,599				196,123				0			S/L 31.5		2005(A)
Vega Baja, PR			7,076				18,684				0				7,076				18,789				25,865				4,266				21,599				0			S/L 31.5		2005(A)
Guayama, PR			1,960				18,721				0				1,960				19,473				21,433				4,305				17,128				12,201			S/L 31.5		2005(A)
Fajardo, PR			4,376				41,199				0				4,376				41,592				45,968				9,318				36,650				26,108			S/L 31.5		2005(A)
San German, PR			6,470				20,751				0				6,470				21,163				27,633				4,830				22,803				0			S/L 31.5		2005(A)
Brandon, FL			0				4,111				0				0				6,343				6,343				5,130				1,213				0			S/L 30.0		1972(C)
Stow, OH			993				9,028				0				993				34,997				35,990				13,729				22,261				0			S/L 30.0		1969(C)
Westlake, OH			424				3,803				203				424				10,339				10,763				6,221				4,542				0			S/L 30.0		1974(C)
E. Norrition, PA			70				4,698				233				70				8,826				8,896				6,695				2,201				0			S/L 30.0		1975(C)
Palm Harbor, FL			1,137				4,089				0				1,137				4,361				5,498				2,278				3,220				0			S/L 31.5		1995(A)
Homestead, FL			23,390				59,639				0				23,390				59,639				83,029				3,781				79,248				0			S/L 31.5		2008(C)
Tarpon Springs, FL			146				7,382				81				146				9,165				9,311				6,541				2,770				0			S/L 30.0		1974(C)
McHenry, IL			963				3,949				0				11,449				45,671				57,120				5,980				51,140				0			S/L 31.5		2006(C)
Miami, FL			11,626				30,457				0				26,743				106,979				133,722				13,916				119,806				0			S/L 31.5		2006(C)
San Antonio, TX			2,976				21,033				0				2,976				28,917				31,893				3,447				28,446				0			S/L 31.5		2007(C)
Starkville, MS			703				6,921				0				703				6,921				7,624				3,342				4,282				0			S/L 31.5		1994(A)
Gulfport, MS			0				36,370				0				0				51,500				51,500				15,336				36,164				24,429			S/L 31.5		2003(A)
Tupelo, MS			2,213				14,979				0				2,213				18,849				21,062				9,213				11,849				0			S/L 31.5		1994(A)
Jacksonville, FL			2,714				9,425				0				2,714				9,820				12,534				5,470				7,064				0			S/L 31.5		1995(A)
Long Beach, CA			0				111,512				0				0				144,060				144,060				35,906				108,154				0			S/L 31.5		2005(C)
Brunswick, ME			3,796				15,459				0				3,796				20,308				24,104				8,911				15,193				0			S/L 31.5		1973(C)
Oceanside, CA			0				10,643				0				0				14,352				14,352				4,943				9,409				0			S/L 31.5		2000(C)
Reno, NV			0				366				0				1,132				4,696				5,828				1,070				4,758				2,893			S/L 31.5		2000(C)
Everett, MA			9,311				44,647				0				9,462				51,341				60,803				16,764				44,039				0			S/L 31.5		2001(C)
Pasadena, CA			46,957				101,475				2,053				46,957				105,943				152,900				21,388				131,512				79,100			S/L 31.5		2003(A)
Salisbury, MD			2,070				12,495				278				2,071				13,057				15,128				4,505				10,623				8,669			S/L 31.5		1999(C)
Atlanta, GA			475				9,374				0				475				10,076				10,551				5,514				5,037				0			S/L 31.5		1994(A)
Apex, NC			9,576				43,619				0				10,521				54,540				65,061				8,649				56,412				0			S/L 31.5		2006(C)
Erie, PA			6,373				19,201				0				6,373				47,186				53,559				21,647				31,912				0			S/L 31.5		1995(C)


		Initial Cost												Total Cost^(B)												Accumulated Depreciation				Total Cost, Net of Accumulated Depreciation				Encumbrances				Depreciable Lives (Years) ⁽¹⁾				Date of Construction (C) Acquisition (A)
		Land				Buildings & Improvements				Improvements				Land				Buildings & Improvements				Total				Accumulated Depreciation				Total Cost, Net of Accumulated Depreciation				Encumbrances				Depreciable Lives (Years) ⁽¹⁾				Date of Construction (C) Acquisition (A)
Erie, PA			0				2,564				13				723				3,842				4,565				3,322				1,243				0				S/L 30.0				1973(C)
San Francisco, CA			10,464				25,730				0				10,464				25,730				36,194				5,926				30,268				0				S/L 31.5				2002(A)
Chillicothe, OH			43				2,549				2				1,170				4,366				5,536				2,253				3,283				4,263				S/L 31.5				1974(C)
Phoenix, AZ			18,701				18,811				118				18,701				19,548				38,249				3,582				34,667				17,483				S/L 31.5				1999(A)
Macedonia, OH			11,582				34,323				0				11,582				34,323				45,905				3,758				42,147				20,676				S/L 31.5				1994(C)
Huber Hts, OH			757				14,469				0				757				25,273				26,030				11,363				14,667				0				S/L 31.5				1993(A)
Boardman, OH			8,152				27,983				0				8,152				28,483				36,635				12,884				23,751				25,717				S/L 31.5				1997(A)
Solon, OH			6,220				7,454				0				6,220				21,652				27,872				8,636				19,236				0				S/L 31.5				1998(C)
Cincinnati, OH			2,399				11,238				172				2,399				13,902				16,301				8,403				7,898				0				S/L 31.5				1993(A)
Bedford, IN			706				8,425				6				1,067				10,581				11,648				5,714				5,934				0				S/L 31.5				1993(A)
Sunset Hills, MO			12,791				38,404				0				13,403				44,930				58,333				20,300				38,033				27,781				S/L 31.5				1998(A)
Brentwood, MO			10,018				32,053				0				10,018				32,625				42,643				14,095				28,548				32,640				S/L 31.5				1998(A)
Cedar Rapids, IA			4,219				12,697				0				4,219				14,035				18,254				6,118				12,136				7,096				S/L 31.5				1998(A)
Des Peres, MO			2,775				8,370				0				2,775				10,289				13,064				4,784				8,280				0				S/L 31.5				1998(A)
Springfield, MO			0				2,048				0				0				2,518				2,518				975				1,543				0				S/L 31.5				1998(A)
St. Louis, MO			4,159				3,818				0				6,051				7,824				13,875				2,107				11,768				0				S/L 31.5				2004(C)
Aurora, OH			832				7,560				0				1,592				13,631				15,223				5,953				9,270				0				S/L 31.5				1995(C)
Nampa, ID			1,395				8,563				0				9,609				91,593				101,202				5,463				95,739				0				S/L 31.5				2007(A)
Idaho Falls, ID			1,302				5,703				0				1,418				6,455				7,873				3,191				4,682				0				S/L 31.5				1998(A)
Mount Vernon, IL			1,789				9,399				111				1,789				15,960				17,749				8,149				9,600				0				S/L 31.5				1993(A)
Fenton, MO			414				4,244				476				430				7,259				7,689				5,511				2,178				0				S/L 30.0				1983(A)
Simpsonville, SC			417				6,563				0				417				6,752				7,169				3,886				3,283				0				S/L 31.5				1994(A)
Camden, SC			627				7,519				7				1,021				11,576				12,597				5,934				6,663				0				S/L 31.5				1993(A)
N. Charleston, SC			911				11,346				0				1,081				16,858				17,939				9,789				8,150				10,873				S/L 31.5				1993(A)
Mt. Pleasant, SC			2,430				10,470				0				2,430				19,814				22,244				8,561				13,683				11,903				S/L 31.5				1995(A)
Sault St. Marie, MI			1,826				13,710				0				1,826				15,639				17,465				8,329				9,136				0				S/L 31.5				1994(A)
Cheboygan, MI			127				3,612				0				127				4,139				4,266				2,449				1,817				0				S/L 31.5				1993(A)
Grand Rapids, MI			1,926				8,039				0				1,926				9,984				11,910				4,610				7,300				0				S/L 31.5				1995(A)
Houghton, MI			100				7,301				1,821				100				11,726				11,826				11,190				636				0				S/L 30.0				1980(C)
Howell, MI			332				11,938				0				332				15,836				16,168				8,479				7,689				0				S/L 31.5				1993(A)
Mt. Pleasant, MI			767				7,769				20				1,142				14,885				16,027				7,766				8,261				0				S/L 31.5				1993(A)
Meridian, ID			24,591				31,779				0				24,841				61,068				85,909				17,109				68,800				37,200				S/L 31.5				2001(C)
Midvale, UT			25,662				56,759				0				28,395				82,808				111,203				28,087				83,116				0				S/L 31.5				1998(A)
Taylorsville, UT			24,327				53,686				0				31,368				76,896				108,264				30,136				78,128				0				S/L 31.5				1998(A)
Orem, UT			5,428				12,259				0				5,428				13,266				18,694				5,794				12,900				0				S/L 31.5				1998(A)
Riverdale, UT			24,755				45,635				0				24,755				52,780				77,535				20,046				57,489				0				S/L 31.5				1998(A)
Bemidji, MN			436				8,229				500				436				11,681				12,117				9,134				2,983				0				S/L 30.0				1977(C)
Salt Lake City, UT			2,801				5,997				0				2,801				6,956				9,757				2,850				6,907				0				S/L 31.5				1998(A)
Ogden, UT			3,620				7,716				0				8,305				8,682				16,987				3,800				13,187				0				S/L 31.5				1998(A)


		Initial Cost												Total Cost^(B)												Accumulated Depreciation				Total Cost, Net of Accumulated Depreciation				Encumbrances				Depreciable Lives (Years)⁽¹⁾		Date of Construction (C) Acquisition (A)
		Land				Buildings & Improvements				Improvements				Land				Buildings & Improvements				Total				Accumulated Depreciation				Total Cost, Net of Accumulated Depreciation				Encumbrances				Depreciable Lives (Years)⁽¹⁾		Date of Construction (C) Acquisition (A)
Birmingham, AL			1,007				13,798				0				1,007				13,798				14,805				11,844				2,961				0			S/L 31.5		1994(A)
Birmingham, AL			10,573				26,002				0				11,434				52,161				63,595				22,400				41,195				24,476			S/L 31.5		1995(A)
Valencia, CA			0				15,784				0				0				15,784				15,784				2,559				13,225				0			S/L 31.5		2006(A)
Allentown, PA			4,408				4,707				0				4,408				4,707				9,115				1,222				7,893				0			S/L 31.5		2004(A)
Grand Rapids, MI			1,454				9,284				0				1,454				14,091				15,545				4,282				11,263				0			S/L 31.5		2004(A)
Mooresville, NC			14,369				43,688				0				14,369				45,457				59,826				10,626				49,200				18,057			S/L 31.5		2004(A)
Wilmington, NC			4,287				16,852				1,183				4,287				34,142				38,429				18,630				19,799				24,500			S/L 31.5		1989(C)
Spring Hill, FL			1,084				4,816				266				2,096				11,348				13,444				6,302				7,142				3,690			S/L 30.0		1988(C)
Tiffin, OH			168				5,908				435				168				6,659				6,827				5,895				932				0			S/L 30.0		1980(C)
Broomfield, CO			13,707				31,809				0				13,707				43,680				57,387				11,404				45,983				0			S/L 31.5		2003(A)
Centennial, CO			7,833				35,550				0				8,082				57,273				65,355				23,596				41,759				0			S/L 31.5		1997(C)
New Bern, NC			441				6,575				0				441				6,575				7,016				3,397				3,619				0			S/L 31.5		1989(C)
Princeton, NJ			7,121				29,783				0				7,121				37,507				44,628				15,227				29,401				0			S/L 31.5		1998(A)
Princeton, NJ			6,327				44,466				0				7,343				56,114				63,457				18,246				45,211				0			S/L 31.5		2000(C)
Phoenix, AZ			15,352				22,813				1,601				15,352				26,312				41,664				11,272				30,392				30,000			S/L 31.5		2000(C)
Russellville, AR			606				13,391				0				606				18,064				18,670				8,136				10,534				0			S/L 31.5		1994(A)
N. Little Rock, AR			907				17,160				0				907				19,700				20,607				8,861				11,746				0			S/L 31.5		1994(A)
Ottumwa, IA			139				8,564				103				139				11,762				11,901				8,539				3,362				0			S/L 31.5		1990(C)
Washington, NC			878				3,118				34				878				6,132				7,010				2,873				4,137				0			S/L 31.5		1990(C)
Littleton, CO			12,249				50,709				0				12,621				55,478				68,099				16,930				51,169				42,200			S/L 31.5		2002(C)
Durham, NC			2,210				11,671				278				2,210				14,138				16,348				9,385				6,963				0			S/L 31.5		1990(C)
San Antonio, TX			3,475				37,327				0				3,537				39,907				43,444				11,774				31,670				0			S/L 31.5		2002(A)
Crystal River, FL			1,217				5,796				365				1,219				10,236				11,455				5,547				5,908				0			S/L 31.5		1986(C)
Denver, CO			2,987				11,950				0				2,987				11,950				14,937				9,762				5,175				0			S/L 31.5		2001(A)
Silver Springs, MD			7,476				20,980				0				7,476				25,912				33,388				9,687				23,701				0			S/L 31.5		2001(A)
Dublin, OH			3,609				11,546				0				3,609				14,248				17,857				5,298				12,559				0			S/L 31.5		1998(A)
Hamilton, OH			495				1,618				0				495				1,618				2,113				706				1,407				0			S/L 31.5		1998(A)
Barboursville, WV			0				1,417				2				0				1,977				1,977				837				1,140				0			S/L 31.5		1998(A)
Columbus, OH			11,087				44,494				0				12,243				52,877				65,120				21,589				43,531				0			S/L 31.5		1998(A)
Freehold, NJ			2,460				2,475				0				3,166				3,267				6,433				307				6,126				0			S/L 31.5		1994(A)
Jackson, MS			4,190				6,783				0				4,190				6,861				11,051				2,031				9,020				0			S/L 31.5		2003(A)
Scottsboro, AL			788				2,781				0				788				3,230				4,018				973				3,045				0			S/L 31.5		2003(A)
Ocala, FL			1,916				3,893				0				1,916				6,012				7,928				1,539				6,389				0			S/L 31.5		2003(A)
Tallahassee, FL			1,881				2,956				0				1,881				7,297				9,178				1,788				7,390				0			S/L 31.5		2003(A)
Chamblee, GA			2,381				4,017				0				2,381				4,017				6,398				1,902				4,496				0			S/L 31.5		2003(A)
Cumming, GA			14,249				23,653				0				14,249				24,890				39,139				7,290				31,849				0			S/L 31.5		2003(A)
Douglasville, GA			3,540				9,625				0				3,540				9,877				13,417				2,877				10,540				0			S/L 31.5		2003(A)
Columbus, GA			4,220				8,159				0				4,220				10,101				14,321				2,645				11,676				0			S/L 31.5		2003(A)
Newnan, GA			2,620				11,063				0				2,620				11,643				14,263				3,391				10,872				0			S/L 31.5		2003(A)


		Initial Cost												Total Cost^(B)												Accumulated Depreciation				Total Cost, Net of Accumulated Depreciation				Encumbrances				Depreciable Lives (Years)⁽¹⁾		Date of Construction (C) Acquisition (A)
		Land				Buildings & Improvements				Improvements				Land				Buildings & Improvements				Total				Accumulated Depreciation				Total Cost, Net of Accumulated Depreciation				Encumbrances				Depreciable Lives (Years)⁽¹⁾		Date of Construction (C) Acquisition (A)
Warner Robins, GA			5,729				7,459				0				5,729				7,665				13,394				2,347				11,047				6,753			S/L 31.5		2003(A)
Woodstock, GA			1,486				2,573				0				1,486				2,573				4,059				1,803				2,256				0			S/L 31.5		2003(A)
Fayetteville, NC			8,524				10,627				0				8,524				14,451				22,975				3,800				19,175				9,867			S/L 31.5		2003(A)
Charleston, SC			3,479				9,850				0				3,479				14,924				18,403				7,059				11,344				0			S/L 31.5		2003(A)
Denver, CO			20,733				22,818				0				20,804				24,393				45,197				7,254				37,943				24,286			S/L 31.5		2003(A)
Chattanooga, TN			1,845				13,214				0				1,845				16,325				18,170				5,160				13,010				9,891			S/L 31.5		2003(A)
Hendersonville, TN			3,249				9,068				0				3,249				9,068				12,317				2,651				9,666				6,080			S/L 31.5		2003(A)
Johnson City, TN			0				521				0				0				2,013				2,013				352				1,661				0			S/L 31.5		2003(A)
Chester, VA			10,780				4,752				0				10,780				7,094				17,874				2,303				15,571				7,424			S/L 31.5		2003(A)
Brookfield, WI			588				0				0				588				3,213				3,801				505				3,296				0			S/L 31.5		2003(A)
Milwaukee, WI			4,527				3,600				0				4,527				4,888				9,415				1,336				8,079				0			S/L 31.5		2003(A)
Suwanee, GA			13,479				23,923				0				13,479				28,991				42,470				8,557				33,913				25,717			S/L 31.5		2003(A)
West Allis, WI			2,371				10,982				0				2,371				11,621				13,992				3,324				10,668				0			S/L 31.5		2003(A)
Orland Park, IL			10,430				13,081				0				10,430				13,082				23,512				3,248				20,264				6,658			S/L 31.5		2004(A)
Louisville, KY			4,180				747				0				4,288				1,996				6,284				447				5,837				0			S/L 31.5		2004(A)
N. Charleston, SC			5,146				5,990				0				5,146				9,889				15,035				2,365				12,670				9,243			S/L 31.5		2004(A)
West Long Branch, NJ			14,131				51,982				0				14,131				54,269				68,400				13,279				55,121				3,747			S/L 31.5		2004(A)
Mays Landing, NJ			49,033				107,230				0				49,033				113,344				162,377				28,128				134,249				64,794			S/L 31.5		2004(A)
Lakeland, FL			2,778				2,302				0				2,778				2,302				5,080				1,118				3,962				0			S/L 31.5		2004(A)
Toledo, OH			1,316				3,961				0				1,316				3,961				5,277				1,008				4,269				0			S/L 31.5		2004(A)
Mays Landing, NJ			36,224				56,949				0				36,224				60,897				97,121				15,545				81,576				6,745			S/L 31.5		2004(A)
Englewood, FL			366				1,163				0				366				1,163				1,529				745				784				534			S/L 31.5		2004(A)
Indian Trail, NC			2,999				7,075				0				2,999				7,470				10,469				1,930				8,539				0			S/L 31.5		2004(A)
Ashtabula, OH			1,444				9,912				0				1,444				10,058				11,502				2,478				9,024				0			S/L 31.5		2004(A)
Horseheads, NY			659				2,426				0				4,777				33,423				38,200				2,600				35,600				0			S/L 31.5		2007(A)
West Seneca, NY			2,929				12,926				0				2,929				13,190				16,119				3,226				12,893				0			S/L 31.5		2004(A)
N. Tonawanda, NY			5,806				21,291				0				5,806				22,529				28,335				5,915				22,420				0			S/L 31.5		2004(A)
Amherst, NY			5,873				22,458				0				5,873				23,249				29,122				8,173				20,949				0			S/L 31.5		2004(A)
Ithaca, NY			9,198				42,969				0				9,198				43,640				52,838				10,629				42,209				11,748			S/L 31.5		2004(A)
Hamburg, NY			3,303				16,239				0				3,303				16,771				20,074				4,404				15,670				0			S/L 31.5		2004(A)
West Seneca, NY			1,089				2,178				0				1,089				2,178				3,267				976				2,291				0			S/L 31.5		2004(A)
Hamburg, NY			4,071				17,142				0				4,071				17,877				21,948				4,439				17,509				0			S/L 31.5		2004(A)
Tonawanda, NY			3,061				6,887				0				3,061				8,287				11,348				2,063				9,285				0			S/L 31.5		2004(A)
Hamburg, NY			4,152				22,075				0				4,152				22,714				26,866				5,588				21,278				0			S/L 31.5		2004(A)
Olean, NY			8,834				29,813				0				8,844				31,630				40,474				8,127				32,347				0			S/L 31.5		2004(A)
Big Flats, NY			22,229				52,579				0				22,279				57,506				79,785				16,443				63,342				0			S/L 31.5		2004(A)
Williamsville, NY			5,021				6,768				0				5,021				8,857				13,878				2,492				11,386				0			S/L 31.5		2004(A)
Greece, NY			3,901				4,922				0				3,901				4,923				8,824				1,237				7,587				0			S/L 31.5		2004(A)
Buffalo, NY			6,010				19,044				0				6,010				19,267				25,277				4,870				20,407				0			S/L 31.5		2004(A)


		Initial Cost												Total Cost^(B)												Accumulated Depreciation				Total Cost, Net of Accumulated Depreciation				Encumbrances				Depreciable Lives (Years)⁽¹⁾		Date of Construction (C) Acquisition (A)
		Land				Buildings & Improvements				Improvements				Land				Buildings & Improvements				Total				Accumulated Depreciation				Total Cost, Net of Accumulated Depreciation				Encumbrances				Depreciable Lives (Years)⁽¹⁾		Date of Construction (C) Acquisition (A)
Lockport, NY			9,253				23,829				0				9,253				24,127				33,380				6,022				27,358				6,520			S/L 31.5		2004(A)
Buffalo, NY			3,568				29,001				0				3,620				29,636				33,256				7,229				26,027				10,154			S/L 31.5		2004(A)
Cheektowaga, NY			15,471				25,600				0				15,471				27,141				42,612				7,305				35,307				2,943			S/L 31.5		2004(A)
New Hartford, NY			1,279				13,685				0				1,279				13,776				15,055				3,436				11,619				0			S/L 31.5		2004(A)
Gates, NY			9,369				40,672				0				9,369				42,135				51,504				10,731				40,773				0			S/L 31.5		2004(A)
Rome, NY			4,565				5,078				0				4,565				9,411				13,976				2,125				11,851				2,456			S/L 31.5		2004(A)
Hamburg, NY			2,527				14,711				0				2,527				15,153				17,680				3,846				13,834				0			S/L 31.5		2004(A)
Dewitt, NY			881				5,686				0				881				5,686				6,567				1,397				5,170				0			S/L 31.5		2004(A)
Niskayuna, NY			20,297				51,155				0				20,297				52,471				72,768				13,384				59,384				15,761			S/L 31.5		2004(A)
Victor, NY			2,374				6,433				0				2,374				6,683				9,057				1,654				7,403				5,937			S/L 31.5		2004(A)
Allentown, PA			5,558				20,060				0				5,558				22,843				28,401				6,211				22,190				13,259			S/L 31.5		2003(A)
St. John, MO			2,613				7,040				0				2,827				8,119				10,946				2,277				8,669				0			S/L 31.5		2003(A)
Ft. Collins, CO			1,129				2,054				0				1,129				4,578				5,707				1,221				4,486				0			S/L 31.5		2003(A)
Lafayette, IN			1,217				2,689				0				1,217				2,950				4,167				794				3,373				0			S/L 31.5		2003(A)
Hamilton, NJ			8,039				49,896				0				11,774				85,301				97,075				20,102				76,973				41,196			S/L 31.5		2003(A)
Lansing, MI			1,598				6,999				0				1,801				11,825				13,626				2,973				10,653				6,610			S/L 31.5		2003(A)
San Antonio, TX			1,014				7,371				0				1,014				7,371				8,385				1,004				7,381				0			S/L 31.5		2007(C)
San Antonio, TX			1,613				10,791				0				6,168				69,505				75,673				6,888				68,785				0			S/L 31.5		2007(C)
McHenry, IL			332				1,302				0				2,322				9,225				11,547				886				10,661				0			S/L 31.5		2006(C)
San Antonio, TX			2,381				6,487				0				2,381				6,487				8,868				4,109				4,759				0			S/L 31.5		2007(A)
Kyle, TX			2,548				7,349				0				4,676				16,315				20,991				655				20,336				23,506			S/L 31.5		2009(C)
Brandon, FL			4,775				13,117				0				4,775				14,049				18,824				901				17,923				0			S/L 31.5		2009(A)
Atlanta, GA			14,078				41,050				0				14,078				41,050				55,128				2,636				52,492				0			S/L 31.5		2009(A)
Marietta, GA			9,745				27,737				0				9,745				29,132				38,877				1,928				36,949				0			S/L 31.5		2009(A)
Maple Grove, MN			8,917				23,954				0				8,917				24,242				33,159				616				32,543				0			S/L 31.5		1996(A)
Charlotte, NC			27,707				45,021				0				27,707				45,125				72,832				436				72,396				50,661			S/L 31.5		2011(A)
Charlotte, NC			4,733				5,424				0				4,733				5,424				10,157				46				10,111				6,589			S/L 31.5		2011(A)
Colorado Springs, CO			4,075				20,248				0				4,075				20,248				24,323				239				24,084				9,496			S/L 31.5		2011(A)
Columbus, OH			18,716				64,617				0				18,716				64,617				83,333				194				83,139				45,247			S/L 31.5		2011(A)
Macon, GA			2,940				5,192				0				2,940				5,484				8,424				871				7,553				0			S/L 31.5		2007(A)
Snellville, GA			10,185				51,815				0				10,342				54,024				64,366				8,359				56,007				0			S/L 31.5		2007(A)
Union, NJ			7,650				15,689				0				7,650				19,491				27,141				2,723				24,418				0			S/L 31.5		2007(A)
Spartanburg, SC			1,015				4,486				0				1,015				4,486				5,501				1,100				4,401				0			S/L 31.5		2007(A)
Taylors, SC			1,732				4,506				0				1,732				4,506				6,238				715				5,523				0			S/L 31.5		2007(A)
Dothan, AL			2,065				20,972				0				2,065				21,519				23,584				3,326				20,258				0			S/L 31.5		2007(A)
Bradenton, FL			10,766				31,203				0				10,916				34,380				45,296				5,539				39,757				10,549			S/L 31.5		2007(A)
Clearwater, FL			5,579				15,855				0				5,579				16,308				21,887				2,707				19,180				7,089			S/L 31.5		2007(A)
Tampa, FL			1,699				3,338				0				1,699				3,390				5,089				515				4,574				0			S/L 31.5		2007(A)
Tequesta, FL			2,108				7,400				0				2,108				8,380				10,488				1,680				8,808				0			S/L 31.5		2007(A)


		Initial Cost												Total Cost^(B)												Accumulated Depreciation				Total Cost, Net of Accumulated Depreciation				Encumbrances				Depreciable Lives (Years) ⁽¹⁾				Date of Construction (C) Acquisition (A)
		Land				Buildings & Improvements				Improvements				Land				Buildings & Improvements				Total				Accumulated Depreciation				Total Cost, Net of Accumulated Depreciation				Encumbrances				Depreciable Lives (Years) ⁽¹⁾				Date of Construction (C) Acquisition (A)
Kennesaw, GA			6,175				9,028				0				6,175				9,137				15,312				1,420				13,892				0				S/L 31.5				2007(A)
Lawrenceville, GA			683				4,303				0				683				4,303				4,986				1,812				3,174				0				S/L 31.5				2007(A)
Roswell, GA			6,566				15,005				0				6,566				15,192				21,758				2,393				19,365				0				S/L 31.5				2007(A)
Hagerstown, MD			2,440				9,697				0				2,440				10,873				13,313				1,988				11,325				0				S/L 31.5				2007(A)
Greensboro, NC			5,012				11,162				0				5,105				11,485				16,590				1,834				14,756				0				S/L 31.5				2007(A)
Greensboro, NC			3,153				9,455				0				3,153				9,597				12,750				1,534				11,216				4,766				S/L 31.5				2007(A)
East Hanover, NJ			3,847				23,798				0				3,847				23,998				27,845				3,799				24,046				0				S/L 31.5				2007(A)
Camp Hill, PA			1,631				8,402				0				1,631				8,870				10,501				1,363				9,138				0				S/L 31.5				2007(A)
Middletown, RI			3,804				16,805				0				3,842				16,922				20,764				2,679				18,085				0				S/L 31.5				2007(A)
Lexington, SC			1,795				9,933				0				1,795				9,977				11,772				1,559				10,213				4,287				S/L 31.5				2007(A)
Newport News, VA			10,064				21,272				0				10,064				21,579				31,643				3,526				28,117				0				S/L 31.5				2007(A)
Richmond, VA			11,879				34,736				0				11,879				35,537				47,416				5,594				41,822				12,453				S/L 31.5				2007(A)
Springfield, VA			12,627				30,572				0				12,627				31,521				44,148				4,874				39,274				11,016				S/L 31.5				2007(A)
Springfield, VA			4,389				9,466				0				4,389				10,146				14,535				1,738				12,797				0				S/L 31.5				2007(A)
Sterling, VA			8,426				18,651				0				8,426				18,672				27,098				2,924				24,174				0				S/L 31.5				2007(A)
Windsor Court, CT			6,090				11,745				0				6,090				11,749				17,839				1,848				15,991				7,232				S/L 31.5				2007(A)
Ocala, FL			2,877				9,407				0				2,877				9,932				12,809				1,539				11,270				0				S/L 31.5				2007(A)
Valrico, FL			3,282				12,190				0				3,282				12,313				15,595				1,896				13,699				0				S/L 31.5				2007(A)
Atlanta, GA			11,120				31,341				0				11,120				31,662				42,782				5,004				37,778				12,023				S/L 31.5				2007(A)
Norcross, GA			3,007				8,489				0				3,007				8,500				11,507				1,331				10,176				0				S/L 31.5				2007(A)
Bowie, MD			5,739				14,301				0				5,744				14,369				20,113				2,297				17,816				0				S/L 31.5				2007(A)
Ashville, NC			2,651				8,908				0				2,651				9,032				11,683				1,579				10,104				0				S/L 31.5				2007(A)
Charlotte, NC			2,842				9,807				0				2,842				9,850				12,692				1,573				11,119				0				S/L 31.5				2007(A)
Cornelius, NC			4,382				15,184				0				4,382				18,269				22,651				3,161				19,490				0				S/L 31.5				2007(A)
Greensboro, NC			1,682				7,593				0				1,682				7,593				9,275				1,588				7,687				0				S/L 31.5				2007(A)
Raleigh, NC			2,728				10,665				0				2,728				10,816				13,544				1,698				11,846				0				S/L 31.5				2007(A)
Wilson, NC			1,598				8,160				0				1,635				8,384				10,019				1,363				8,656				0				S/L 31.5				2007(A)
Morgantown, WV			4,645				10,341				0				4,645				10,346				14,991				1,761				13,230				0				S/L 31.5				2007(A)
Edgewater, NJ			7,714				30,473				0				7,714				30,777				38,491				4,780				33,711				0				S/L 31.5				2007(A)
Dothan, AL			1,293				5,931				0				1,293				5,931				7,224				911				6,313				0				S/L 31.5				2007(A)
Highland Ranch, CO			1,380				4,682				0				1,380				4,682				6,062				719				5,343				0				S/L 31.5				2007(A)
Dania Beach, FL			9,593				17,686				0				9,593				17,688				27,281				2,831				24,450				0				S/L 31.5				2007(A)
Plantation, FL			1,032				580				0				1,032				580				1,612				92				1,520				0				S/L 31.5				2007(A)
Duluth, GA			815				2,692				0				815				2,812				3,627				509				3,118				0				S/L 31.5				2007(A)
Lawrenceville, GA			1,457				1,057				0				1,486				1,146				2,632				182				2,450				0				S/L 31.5				2007(A)
Rome, GA			1,523				4,007				0				1,523				4,007				5,530				616				4,914				0				S/L 31.5				2007(A)
Snellville, GA			1,303				1,494				0				1,303				1,494				2,797				236				2,561				0				S/L 31.5				2007(A)
Sylvania, GA			431				3,774				0				431				3,774				4,205				619				3,586				0				S/L 31.5				2007(A)
Worcester, MA			5,395				10,938				0				5,395				10,938				16,333				1,727				14,606				5,365				S/L 31.5				2007(A)


		Initial Cost												Total Cost^(B)												Accumulated Depreciation				Total Cost, Net of Accumulated Depreciation				Encumbrances				Depreciable Lives (Years)⁽¹⁾		Date of Construction (C) Acquisition (A)
		Land				Buildings & Improvements				Improvements				Land				Buildings & Improvements				Total				Accumulated Depreciation				Total Cost, Net of Accumulated Depreciation				Encumbrances				Depreciable Lives (Years)⁽¹⁾		Date of Construction (C) Acquisition (A)
Dearborn Heights, MI			2,463				2,946				0				2,463				2,946				5,409				469				4,940				3,550			S/L 31.5		2007(A)
Livonia, MI			1,396				2,680				0				1,396				2,680				4,076				428				3,648				2,477			S/L 31.5		2007(A)
Westland, MI			1,400				2,531				0				1,400				2,531				3,931				407				3,524				2,625			S/L 31.5		2007(A)
Cary, NC			2,264				4,581				0				2,264				5,675				7,939				949				6,990				0			S/L 31.5		2007(A)
Concord, NC			541				1,430				0				541				1,430				1,971				337				1,634				0			S/L 31.5		2007(A)
Winston-Salem, NC			7,156				15,010				0				7,156				15,010				22,166				2,450				19,716				6,613			S/L 31.5		2007(A)
Buffalo, NY			1,229				2,428				0				1,229				2,428				3,657				385				3,272				0			S/L 31.5		2007(A)
Cheektowaga, NY			1,740				2,417				0				1,740				2,417				4,157				381				3,776				0			S/L 31.5		2007(A)
Dunkirk, NY			0				1,487				0				0				1,487				1,487				238				1,249				0			S/L 31.5		2007(A)
Alliance, OH			812				16,244				0				812				16,244				17,056				2,638				14,418				7,137			S/L 31.5		2007(A)
Cincinnati, OH			2,805				5,028				0				2,805				5,028				7,833				799				7,034				2,586			S/L 31.5		2007(A)
Cheswick, PA			863				2,225				0				863				2,225				3,088				352				2,736				0			S/L 31.5		2007(A)
Connellsville, PA			1,135				2,178				0				1,135				2,178				3,313				397				2,916				0			S/L 31.5		2007(A)
Erie, PA			958				2,206				0				958				2,206				3,164				339				2,825				0			S/L 31.5		2007(A)
Erie, PA			1,525				2,399				0				1,525				2,399				3,924				368				3,556				0			S/L 31.5		2007(A)
Erie, PA			0				1,486				0				0				1,486				1,486				237				1,249				0			S/L 31.5		2007(A)
Erie, PA			1,578				2,703				0				1,578				2,703				4,281				415				3,866				0			S/L 31.5		2007(A)
Erie, PA			1,641				2,015				0				1,641				2,015				3,656				319				3,337				0			S/L 31.5		2007(A)
Monroeville, PA			1,431				2,006				0				1,431				2,006				3,437				308				3,129				0			S/L 31.5		2007(A)
New Castle, PA			1,331				2,016				0				1,331				2,016				3,347				319				3,028				0			S/L 31.5		2007(A)
Pittsburgh, PA			1,771				2,523				0				1,771				2,523				4,294				396				3,898				0			S/L 31.5		2007(A)
Gaffney, SC			1,189				2,363				0				1,189				2,363				3,552				378				3,174				0			S/L 31.5		2007(A)
Greenville, SC			1,452				1,891				0				1,452				1,891				3,343				290				3,053				0			S/L 31.5		2007(A)
Greenville, SC			5,659				14,411				0				5,659				14,411				20,070				2,360				17,710				6,340			S/L 31.5		2007(A)
Piedmont, SC			589				1,687				0				589				1,687				2,276				269				2,007				0			S/L 31.5		2007(A)
Spartanburg, SC			1,255				2,226				0				1,255				2,226				3,481				353				3,128				0			S/L 31.5		2007(A)
Woodruff, SC			1,145				2,353				0				1,145				2,353				3,498				376				3,122				0			S/L 31.5		2007(A)
Ft. Worth, TX			860				1,913				0				860				1,913				2,773				301				2,472				0			S/L 31.5		2007(A)
Grand Prairie, TX			2,892				3,226				0				2,892				3,226				6,118				541				5,577				0			S/L 31.5		2007(A)
Houston, TX			4,380				8,729				0				4,380				8,775				13,155				1,435				11,720				0			S/L 31.5		2007(A)
Olympia, WA			2,946				3,050				0				2,946				3,050				5,996				468				5,528				0			S/L 31.5		2007(A)
Weirton, WV			694				2,109				0				694				2,109				2,803				334				2,469				0			S/L 31.5		2007(A)
Lakeland, FL			2,800				3,148				0				2,800				3,682				6,482				1,098				5,384				0			S/L 31.5		2007(A)
Plantation, FL			20,697				36,751				0				21,080				79,877				100,957				11,003				89,954				0			S/L 31.5		2007(A)
Evansville, IN			8,964				18,764				0				8,964				18,895				27,859				3,113				24,746				0			S/L 31.5		2007(A)
Apex, NC			2,362				4,452				0				2,362				4,452				6,814				358				6,456				0			S/L 31.5		2007(A)


		Initial Cost												Total Cost^(B)												Accumulated Depreciation				Total Cost, Net of Accumulated Depreciation				Encumbrances				Depreciable Lives (Years)⁽¹⁾		Date of Construction (C) Acquisition (A)
		Land				Buildings & Improvements				Improvements				Land				Buildings & Improvements				Total				Accumulated Depreciation				Total Cost, Net of Accumulated Depreciation				Encumbrances				Depreciable Lives (Years)⁽¹⁾		Date of Construction (C) Acquisition (A)
Portfolio Balance (DDR) – unencumbered			306,979				204,664				0				306,979				204,664				511,643				2,124				509,519				0			S/L 31.5
Portfolio Balance (DDR) – encumbered			64,821				173,362				0				64,821				173,362				238,183				51,539				186,644				48,559			S/L 31.5

		$	2,119,243			$	4,982,427			$	10,361			$	2,201,732(2	)		$	6,068,374(3	)		$	8,270,106	(4)		$	1,551,043	(4)		$	6,719,063			$	1,292,095(5	)

(1)	S/L refers to straight-line depreciation.

(2)	Includes $356.5 million of land under development at December 31, 2011.

(3)	Includes $225.1 million of construction in progress at December 31, 2011.

(4)	Includes assets held for sale at December 31, 2011.

(5)	Does not include tax-exempt bonds and fair market value of debt adjustments aggregating $17.0 million and $13.3 million, respectively.

(B)	The Aggregate Cost for Federal Income Tax purposes was approximately $8.5 billion at December 31, 2011.

The changes in Total Real Estate Assets, excluding real estate held for sale, for the three years ended December 31, 2011, are as follows:


		2011				2010				2009
Balance, beginning of year		$	8,411,239			$	8,812,484			$	9,109,566
Acquisitions and transfers from joint ventures			260,161				—				130,567
Developments, improvements and expansions			104,245				174,315				224,850
Changes in land under development and construction in progress			(15,153	)			(2,409	)			(23,614	)
Real estate held for sale			(3,267	)			—				(11,235	)
Adjustment of property carrying values			(125,844	)			(171,900	)			(154,718	)
Sales, transfers to joint ventures and retirements			(364,542	)			(401,251	)			(462,932	)

Balance, end of year		$	8,266,839			$	8,411,239			$	8,812,484

The changes in Accumulated Depreciation and Amortization, excluding real estate held for sale, for the three years ended December 31, 2010 are as follows:


		2011				2010				2009
Balance, beginning of year		$	1,452,112			$	1,332,534			$	1,208,903
Depreciation for year			230,332				227,304				233,967
Real estate held for sale			(977	)			—				(782	)
Sales and retirements			(131,401	)			(107,726	)			(109,554	)

Balance, end of year		$	1,550,066			$	1,452,112			$	1,332,534

The entire disclosure for real estate and accumulated depreciation. This may include a schedule that describes the property and lists the initial cost of land, buildings and improvements, improvements and carrying costs capitalized after acquisition, and the total carrying cost for land, buildings and improvements for each property and in aggregate. The schedule also lists the accumulated depreciation for each property and in aggregate, the date each property was constructed and acquired, the useful life used to calculate depreciation and any encumbrances on the properties. The entity provides a reconciliation of the carrying amount of real estate from the beginning of the period to the end of the period. Any real estate investments that have been written down or reserved against are described, including the basis of the write-down. A material amount of intercompany profit in the total carrying amount of real estate is disclosed. The aggregate cost of all real estate investments for federal income tax purposes is also disclosed.

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