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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2012
Segment Reporting Information  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
($ in thousands)
2012
 
2011
 
2012
 
2011
Revenues:
 
 
 
 
 
 
 
Segment revenues:
 
 
 
 
 
 
 
Multifamily - Same Property (1)
$
80,277

 
$
76,515

 
$
159,120

 
$
150,926

Multifamily - Other (2)
9,936

 
7,534

 
18,934

 
13,216

   Total multifamily
90,213

 
84,049

 
178,054

 
164,142

Commercial
17,671

 
19,055

 
35,387

 
38,823

Total segment revenues
107,884

 
103,104

 
213,441

 
202,965

Partially-owned unconsolidated entities - Multifamily
(480
)
 
(702
)
 
(952
)
 
(1,415
)
Partially-owned unconsolidated entities - Commercial
(4,393
)
 
(6,533
)
 
(9,185
)
 
(13,104
)
Other non-property related revenue
1,471

 
2,173

 
2,815

 
3,984

Discontinued operations property revenue
(4,879
)
 
(8,137
)
 
(9,169
)
 
(16,763
)
Total consolidated revenues
$
99,603

 
$
89,905

 
$
196,950

 
$
175,667

 
 
 
 
 
 
 
 
NOI:
 
 
 
 
 
 
 
Segment NOI:
 
 
 
 
 
 
 
Multifamily - Same Property (1)
$
48,883

 
$
45,575

 
$
96,478

 
$
89,510

Multifamily - Other (2)
5,469

 
3,726

 
10,432

 
6,460

   Total multifamily
54,352

 
49,301

 
106,910

 
95,970

Commercial
11,749

 
13,032

 
23,734

 
26,571

Total segment NOI
66,101

 
62,333

 
130,644

 
122,541

Partially-owned unconsolidated entities - Multifamily
(260
)
 
(353
)
 
(515
)
 
(692
)
Partially-owned unconsolidated entities - Commercial
(2,622
)
 
(4,359
)
 
(5,707
)
 
(8,803
)
Other non-property related revenue
1,471

 
2,173

 
2,815

 
3,984

Discontinued operations property NOI
(3,266
)
 
(5,065
)
 
(6,249
)
 
(10,644
)
Impairment - discontinued operations (3)
(271
)
 
—

 
(271
)
 
—

Property management expense
(3,001
)
 
(2,181
)
 
(5,847
)
 
(4,603
)
General and administrative expense
(5,446
)
 
(5,188
)
 
(11,213
)
 
(10,390
)
Management fees and other expenses
(1,769
)
 
(1,884
)
 
(3,814
)
 
(3,653
)
Investment and development expense (4)
(205
)
 
(393
)
 
(592
)
 
(979
)
Depreciation
(30,472
)
 
(29,130
)
 
(60,818
)
 
(57,874
)
Amortization
(1,324
)
 
(1,773
)
 
(3,142
)
 
(3,584
)
Impairment and other losses (5)
(395
)
 
(148
)
 
(895
)
 
(2,244
)
Income from operations
18,541

 
14,032

 
34,396

 
23,059

Total other income (expense), net (6)
(3,060
)
 
(21,586
)
 
(26,293
)
 
(43,951
)
Income (loss) from continuing operations
$
15,481

 
$
(7,554
)
 
$
8,103

 
$
(20,892
)
 
 
 
 
 
 
 
 
Development and Capitalized Expenditures:
 
 
 
 
 
 
 
Multifamily
$
33,917

 
$
12,052

 
$
51,593

 
$
17,836

Commercial
4,015

 
916

 
6,838

 
4,482

Corporate
87

 
62

 
191

 
246

Total consolidated development and capitalized expenditures
$
38,019

 
$
13,030

 
$
58,622

 
$
22,564

 
 
 
 
 
 
 
 
 
 
 
 
 
As of
 
 
 
 
 
June 30,
 
December 31,
($ in thousands)
 
 
 
 
2012
 
2011
Assets:
 
 
 
 
 

 
 

Segment assets:
 
 
 
 
 

 
 

Multifamily
 
 
 
 
$
2,653,056

 
$
2,584,769

Commercial
 
 
 
 
510,548

 
514,810

Total segment assets
 
 
 
 
3,163,604

 
3,099,579

Unallocated corporate assets (7)
 
 
 
 
139,059

 
159,026

Colonial Properties Trust
 
 
 
 
$
3,302,663

 
$
3,258,605

Corporate assets specific to Colonial Properties Trust
 
 
 
 
(101
)
 
(177
)
Colonial Realty Limited Partnership
 
 
 
 
$
3,302,562

 
$
3,258,428

______________________
Footnotes on following page
(1)
Consists of 99 consolidated multifamily communities, containing 30,323 apartment units, continuously owned since January 1, 2011.
(2)
Includes all multifamily communities other than same-property communities and operations from the for-sale portfolio.
(3)
Includes a non-cash impairment charge recorded on one of the Company's commercial assets, which is currently classified as held for sale.
(4)
Reflects costs incurred related to acquisitions and abandoned pursuits. These costs are volatile and, therefore, may vary between periods.
(5)
See Note 3 - "Real Estate Activity - Impairment and Other Losses" for a description of the charges.
(6)
For-sale residential activities, including net loss on sales and income tax expense (benefit), are included in the line item “Total other income (expense)”. See Note 3 - "Real Estate Activity - For-Sale Activities".
(7)
Includes the Company's investment in partially-owned entities of $9.3 million and $12.3 million as of June 30, 2012 and December 31, 2011, respectively.