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Investments in Partially Owned Entities (Tables)
3 Months Ended
Mar. 31, 2012
Investments in Partially Owned Entities (Tables) [Abstract]  
Partially Owned Property Balance Sheet Schedule [Table Text Block]
 
 
Consolidated
 
 
Development Projects (VIEs) (4)
 
 
 
 
 
 
Held for
and/or Under
Development
 
Completed
and
Stabilized
 
Other
 
Total
 
 
 
 
 
 
 
 
 
Total projects (1)
 

 
2

 
19

 
21

 
 
 
 
 
 
 
 
 
Total apartment units (1)
 

 
441

 
3,475

 
3,916

 
 
 
 
 
 
 
 
 
Balance sheet information at 3/31/12 (at 100%):
 
 
 
 
 
 
 
 
ASSETS
 
 
 
 
 
 
 
 
Investment in real estate
 
$
162,547

 
$
114,595

 
$
450,120

 
$
727,262

Accumulated depreciation
 

 
(13,269
)
 
(148,177
)
 
(161,446
)
Investment in real estate, net
 
162,547

 
101,326

 
301,943

 
565,816

Cash and cash equivalents
 
2,448

 
1,243

 
11,515

 
15,206

Deposits – restricted
 
43,586

 
2,295

 
5

 
45,886

Escrow deposits – mortgage
 

 
70

 

 
70

Deferred financing costs, net
 

 
37

 
1,125

 
1,162

Other assets
 
5,766

 
115

 
147

 
6,028

       Total assets
 
$
214,347

 
$
105,086

 
$
314,735

 
$
634,168

 
 
 
 
 
 
 
 
 
LIABILITIES AND EQUITY/CAPITAL
 
 
 
 
 
 
 
 
Mortgage notes payable
 
$

 
$
33,175

 
$
200,337

 
$
233,512

Accounts payable & accrued expenses
 
7

 
431

 
1,925

 
2,363

Accrued interest payable
 

 
104

 
782

 
886

Other liabilities
 
1,272

 
51

 
889

 
2,212

Security deposits
 

 
111

 
1,483

 
1,594

       Total liabilities
 
1,279

 
33,872

 
205,416

 
240,567

 
 
 
 
 
 
 
 
 
Noncontrolling Interests – Partially Owned Properties
 
79,011

 
1,079

 
(6,175
)
 
73,915

Company equity/General and Limited Partners' Capital
 
134,057

 
70,135

 
115,494

 
319,686

       Total equity/capital
 
213,068

 
71,214

 
109,319

 
393,601

       Total liabilities and equity/capital
 
$
214,347

 
$
105,086

 
$
314,735

 
$
634,168

 
 
 
 
 
 
 
 
 
Debt – Secured (2):
 
 
 
 
 
 
 
 
       Company/Operating Partnership Ownership (3)
 
$

 
$
33,175

 
$
159,068

 
$
192,243

       Noncontrolling Ownership
 

 

 
41,269

 
41,269

Total (at 100%)
 
$

 
$
33,175

 
$
200,337

 
$
233,512

Partially Owned Property Income Statement Schedule [Table Text Block]
 
 
Consolidated
 
 
Development Projects (VIEs) (4)
 
 
 
 
 
 
Held for
and/or Under
Development
 
Completed
and
Stabilized
 
Other
 
Total
Operating information for the quarter
ended 3/31/12 (at 100%):
 
 
 
 
 
 
 
 
Operating revenue
 
$

 
$
2,349

 
$
15,045

 
$
17,394

Operating expenses
 
(18
)
 
375

 
4,871

 
5,228

Net operating income
 
18

 
1,974

 
10,174

 
12,166

Depreciation
 

 
1,042

 
3,872

 
4,914

General and administrative/other
 
4

 
2

 
13

 
19

Operating income
 
14

 
930

 
6,289

 
7,233

Interest and other income
 
1

 
1

 

 
2

Other expenses
 
(61
)
 

 

 
(61
)
Interest:
 
 
 
 
 
 
 
 
Expense incurred, net
 

 
(337
)
 
(2,346
)
 
(2,683
)
Amortization of deferred financing costs
 

 
(107
)
 
(54
)
 
(161
)
(Loss) income before income and other taxes
 
(46
)
 
487

 
3,889

 
4,330

Income and other tax (expense) benefit
 
(26
)
 

 
(21
)
 
(47
)
Net (loss) income
 
$
(72
)
 
$
487

 
$
3,868

 
$
4,283