Organization and Business (Tables)

6 Months Ended

Jun. 30, 2012

Organization and Business

Schedule of Real Estate Properties [Table Text Block]

As of June 30, 2012, the Company owned or maintained a partial ownership in:

							Total
	Consolidated		Units/Sq.	Unconsolidated	Units/Sq.	Total	Units/Sq.
	Properties		Feet (1)	Properties	Feet (1)	Properties	Feet (1)
Multifamily apartment communities	112	(2)	34,051	3	1,016	115	35,067
Commercial properties (3)	9		2,415,000	12	2,046,000	21	4,461,000

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(1) Units refer to multifamily apartment units. Square feet refers to commercial space and excludes spaced owned by anchor tenants.

(2) Includes one property partially-owned through a joint venture entity.

(3) The Company's remaining 15% interest in the DRA/CLP joint venture, which was comprised of 18 commercial assets representing approximately 5.2 million square feet, was redeemed by the joint venture, effective as of June 30, 2012. See Note 12 - "Investment in Partially-Owned Entities". As a result of the redemption, these 18 assets are not included in the table above.