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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 89,936 $ 53,715 $ 50,667
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 38,769 33,683 34,499
Amortization of financing costs 3,569 3,918 6,054
Gain from bargain purchase 0 0 (33,805)
Gain on sale of property (71,203) (46,830) 0
Loss (gain) on debt extinguishment 2,739 (1,268) 0
Gain on involuntary conversion of asset (2,368) 0 0
Reserve for notes receivable 405 0 0
Impairment of asset 0 6,925 0
Amortization of discount on convertible debt 0 829 1,042
Non-cash accretion of notes receivable (453) (786) (6,164)
Share compensation expense 4,021 4,299 4,104
Equity in earnings of unconsolidated affiliates (1,579) (1,555) (10,971)
Distributions of operating income from unconsolidated affiliates 3,733 5,515 12,124
Other, net 731 724 4,237
Changes in assets and liabilities      
Cash in escrow 2,035 7,319 (20,028)
Rents receivable, net (6,757) (8,894) (4,662)
Prepaid expenses and other assets 1,283 (5,906) 4,297
Accounts receivable from related parties (250) 1,034 (2,408)
Accounts payable and accrued expenses (5,648) 14,513 1,874
Other liabilities 709 (903) 3,517
Net cash provided by operating activities 59,672 66,332 44,377
CASH FLOWS FROM INVESTING ACTIVITIES      
Redevelopment and property improvement costs (241,894) (116,408) (2,849)
Redevelopment and property improvement costs (88,787) (65,090) (77,671)
Deferred leasing costs (7,275) (6,298) (3,904)
Insurance proceeds from involuntary conversion of asset 3,672 0 0
Investments in and advances to unconsolidated affiliates (160,888) (54,981) (19,116)
Return of capital from unconsolidated affiliates 22,296 4,504 785
Proceeds from notes receivable 25,388 56,519 42,010
Issuance of notes receivable (108,629) (34,343) 0
Proceeds from sale of property 419,372 62,940 0
Net cash used in investing activities (136,745) (153,157) (60,745)
CASH FLOWS FROM FINANCING ACTIVITIES      
Principal payments on mortgage notes (549,095) (161,389) (127,823)
Proceeds received on mortgage notes 433,815 144,959 175,793
Purchase of convertible notes payable 0 (48,997) (240)
Increase in deferred financing and other costs (6,772) (2,877) (6,830)
Capital contributions from noncontrolling interests 172,228 117,945 33,556
Distributions to noncontrolling interests (161,765) (8,605) (1,638)
Dividends paid to Common Shareholders (32,143) (29,033) (28,909)
Proceeds from issuance of Common Shares, net of issuance costs of $762, $206 and $0, respectively 223,477 44,659 0
Repurchase and cancellation of Common Shares (762) (726) (966)
Other employee and trustee stock compensation, net 91 109 209
Net cash provided by financing activities 79,074 56,045 43,152
Increase (decrease) in cash and cash equivalents 2,001 (30,780) 26,784
Cash and cash equivalents, beginning of period 89,812 120,592 93,808
Cash and cash equivalents, end of period 91,813 89,812 120,592
Supplemental disclosure of cash flow information      
Cash paid during the period for interest, net of capitalized interest of $5,955, $4,850, and $2,903, respectively 32,327 32,120 31,920
Cash paid for income taxes 941 3,776 1,263
Supplemental disclosure of non-cash investing activities      
Acquisition of real estate through assumption of debt 63,766 0 0
Acquisition of real estate through issuance of OP Units 2,279 0 0
Acquisition of real estate through conversion of notes receivable 14,000 0 0
Acquisition of interest in unconsolidated affiliates      
Real Estate, net 0 0 (108,000)
Assumption of mortgage debt 0 0 25,990
Gain from bargain purchase 0 0 33,805
Other assets and liabilities 0 0 7,532
Investment in unconsolidated affiliates 0 0 37,824
Cash included in investment in real estate $ 0 $ 0 $ (2,849)