XML 40 R40.htm IDEA: XBRL DOCUMENT v2.3.0.15
Mortgage and Other Indebtedness (Details) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2011
Dec. 31, 2010
Line of Credit Facility, Maximum Borrowing Capacity$ 1,145,084 
Weighted Average Interest Rate (in hundredths)4.94%[1]4.92%[1]
Total5,233,1485,209,747
Fixed-Rate Debt [Member]
  
Amount4,125,2803,694,742
Weighted Average Interest Rate (in hundredths)5.64%[1]5.85%[1]
Fixed-Rate Debt [Member] | Non-recourse Loans on Operating Properties [Member]
  
Amount4,047,205[2]3,664,293[2]
Weighted Average Interest Rate (in hundredths)5.63%[1]5.85%[1]
Fixed-Rate Debt [Member] | Recourse Term Loans on Operating Properties [Member]
  
Amount78,07530,449
Weighted Average Interest Rate (in hundredths)5.89%[1]6.00%[1]
Variable-Rate Debt [Member]
  
Amount1,107,8681,515,005
Weighted Average Interest Rate (in hundredths)2.35%[1]2.65%[1]
Variable-Rate Debt [Member] | Construction Loans [Member]
  
Amount57,06114,536
Weighted Average Interest Rate (in hundredths)3.25%[1]3.32%[1]
Variable-Rate Debt [Member] | Secured Lines of Credit [Member]
  
Amount215,026598,244
Weighted Average Interest Rate (in hundredths)2.99%[1]3.38%[1]
Variable-Rate Debt [Member] | Unsecured Term Loans[Member]
  
Amount437,214437,494
Weighted Average Interest Rate (in hundredths)1.60%[1]1.66%[1]
Variable-Rate Debt [Member] | Recourse Term Loans on Operating Properties [Member]
  
Amount285,067350,106
Weighted Average Interest Rate (in hundredths)2.36%[1]2.28%[1]
Variable-Rate Debt [Member] | Non Recourse Term Loans on Operating Properties [Member]
  
Amount113,500114,625
Weighted Average Interest Rate (in hundredths)3.60%[1]3.61%[1]
Secured Line of Credit 1 [Member]
  
Line of Credit Facility, Maximum Borrowing Capacity520,000 
Line of Credit Facility, Amount Outstanding150,196 
Secured Line of Credit 3 [Member]
  
Line of Credit Facility, Maximum Borrowing Capacity525,000[3] 
Line of Credit Facility, Amount Outstanding47,130[3] 
Secured Line of Credit Two, Reduced Capacity [Member]
  
Line of Credit Facility, Maximum Borrowing Capacity100,084 
Secured Line of Credit 2 [Member]
  
Line of Credit Facility, Maximum Borrowing Capacity105,000 
Line of Credit Facility, Amount Outstanding$ 17,700 
[1]Weighted-average interest rate includes the effect of debt premiums (discounts), but excludes amortization of deferred financing costs.
[2]The Company has four interest rate swaps on notional amounts totaling $118,641 as of September 30, 2011 related to its variable-rate loans on operating properties to effectively fix the interest rate on the respective loans. Therefore, these amounts are reflected in fixed-rate debt in 2011.
[3]There was an additional $4,870 outstanding on this secured line of credit as of September 30, 2011 for letters of credit. Up to $50,000 of the capacity on this line can be used for letters of credit.