Investments in Partially Owned Entities (Tables)

6 Months Ended

Jun. 30, 2012

Investments in Partially Owned Entities (Tables) [Abstract]

Partially Owned Property Balance Sheet Schedule [Table Text Block]

	Consolidated											Unconsolidated
	Development Projects (VIEs) (4)
	Held for and/or Under Development		Completed and Stabilized			Other			Total			Institutional Joint Ventures (5)
Total projects (1)	—		2			19			21			—
Total apartment units (1)	—		441			3,475			3,916			—
Balance sheet information at 6/30/12 (at 100%):
ASSETS
Investment in real estate	$	146,582	$	114,615		$	451,434		$	712,631		$	103,716
Accumulated depreciation	—		(14,312		)	(151,987		)	(166,299		)	—
Investment in real estate, net	146,582		100,303			299,447			546,332			103,716
Cash and cash equivalents	3,382		1,602			11,521			16,505			63
Deposits – restricted	43,593		2,284			5			45,882			—
Escrow deposits – mortgage	—		80			—			80			—
Deferred financing costs, net	—		9			1,089			1,098			6
Other assets	5,817		121			129			6,067			1
Total assets	$	199,374	$	104,399		$	312,191		$	615,964		$	103,786
LIABILITIES AND EQUITY/CAPITAL
Mortgage notes payable	$	—	$	32,950		$	200,337		$	233,287		$	12,968
Accounts payable & accrued expenses	815		525			1,148			2,488			2,723
Accrued interest payable	—		99			782			881			35
Other liabilities	1,272		91			1,115			2,478			71
Security deposits	—		127			1,498			1,625			—
Total liabilities	2,087		33,792			204,880			240,759			15,797
Noncontrolling Interests – Partially Owned Properties	79,719		1,078			(6,351		)	74,446			70,428
Company equity/General and Limited Partners' Capital	117,568		69,529			113,662			300,759			17,561
Total equity/capital	197,287		70,607			107,311			375,205			87,989
Total liabilities and equity/capital	$	199,374	$	104,399		$	312,191		$	615,964		$	103,786
Debt – Secured (2):
Company/Operating Partnership Ownership (3)	$	—	$	32,950		$	159,068		$	192,018		$	2,594
Noncontrolling Ownership	—		—			41,269			41,269			10,374
Total (at 100%)	$	—	$	32,950		$	200,337		$	233,287		$	12,968

Partially Owned Property Income Statement Schedule [Table Text Block]

	Consolidated												Unconsolidated
	Development Projects (VIEs) (4)
	Held for and/or Under Development			Completed and Stabilized			Other			Total			Institutional Joint Ventures (5)
Operating information for the six months ended 6/30/12 (at 100%):
Operating revenue	$	—		$	4,733		$	30,467		$	35,200		$	—
Operating expenses	75			1,358			9,711			11,144			—
Net operating (loss) income	(75		)	3,375			20,756			24,056			—
Depreciation	—			2,085			7,683			9,768			—
General and administrative/other	42			3			30			75			—
Operating (loss) income	(117		)	1,287			13,043			14,213			—
Interest and other income	1			2			—			3			—
Other expenses	(126		)	—			—			(126		)	—
Interest:
Expense incurred, net	—			(671		)	(4,694		)	(5,365		)	—
Amortization of deferred financing costs	—			(135		)	(89		)	(224		)	—
(Loss) income before income and other taxes	(242		)	483			8,260			8,501			—
Income and other tax (expense) benefit	(25		)	—			(21		)	(46		)	—
Net (loss) income	$	(267	)	$	483		$	8,239		$	8,455		$	—