Mortgage and Other Indebtedness (Tables)

3 Months Ended

Mar. 31, 2012

Debt Disclosure [Abstract]

Schedule of mortgage and other indebtedness

Mortgage and other indebtedness consisted of the following:

	March 31, 2012				December 31, 2011
	Amount		Weighted Average Interest Rate (1)		Amount		Weighted Average Interest Rate (1)
Fixed-rate debt:
Non-recourse loans on operating properties (2)	$	3,342,787	5.42	%	$	3,656,243	5.55	%
Recourse term loans on operating properties	50,454		5.83	%	77,112		5.89	%
Total fixed-rate debt	3,393,241		5.43	%	3,733,355		5.54	%
Variable-rate debt:
Non-recourse term loans on operating properties	163,750		3.50	%	168,750		3.03	%
Recourse term loans on operating properties	119,407		2.47	%	124,439		2.29	%
Construction loans	28,223		3.28	%	25,921		3.25	%
Secured lines of credit	359,418		3.00	%	27,300		3.03	%
Unsecured term loans	395,209		1.64	%	409,590		1.67	%
Total variable-rate debt	1,066,007		2.52	%	756,000		2.18	%
Total	$	4,459,248	4.73	%	$	4,489,355	4.99	%

(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 $116,748 as of March 31, 2012 and $117,700 as of December 31, 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 at March 31, 2012 and December 31, 2011.

Schedule of Line of Credit Facilities [Table Text Block]

The following summarizes certain information about the secured lines of credit as of March 31, 2012:     

Total Capacity		Total Outstanding			Maturity Date	Extended Maturity Date
$	105,000	$	5,000		June 2013	N/A
525,000		204,223		(1)	February 2014	February 2015
520,000		150,195			April 2014	N/A
$	1,150,000	$	359,418

(1) There was an additional $2,169 outstanding on this secured line of credit as of March 31, 2012 for

letters of credit.  Up to $50,000 of the capacity on this line can be used for letters of credit.  

Schedule of principal repayments

As of March 31, 2012, the scheduled principal payments of the Company’s consolidated debt, excluding extensions available at the Company’s option, on all mortgage and other indebtedness, including construction loans and lines of credit, are as follows: 

2012	$	601,819
2013	402,088
2014	564,376
2015	472,840
2016	677,150
Thereafter	1,741,201
	4,459,474
Net unamortized premiums	(226		)
	$	4,459,248

Schedule of interest rate derivatives designated as cash flow hedges of interest rate risk

As of March 31, 2012, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

Interest Rate Derivative	Number of Instruments	Notional Amount Outstanding
Interest Rate Cap	1	$	125,000
Interest Rate Swaps	4	$	116,748

Schedule of pay fixed/receive variable swap

Instrument Type	Location in Consolidated Balance Sheet	Outstanding Notional Amount	Designated Benchmark Interest Rate	Strike Rate	Fair Value at 3/31/12			Fair Value at 12/31/11			Maturity Date
Pay fixed/ Receive  variable Swap	Accounts payable and accrued liabilities	$56,444 (amortizing to $48,337)	1-month LIBOR	2.149%	$	(2,532	)	$	(2,674	)	Apr 2016
Pay fixed/ Receive    variable Swap	Accounts payable and accrued liabilities	$35,333 (amortizing to $30,276)	1-month LIBOR	2.187%	(1,632		)	(1,725		)	Apr 2016
Pay fixed/ Receive    variable Swap	Accounts payable and accrued liabilities	$13,212 (amortizing to $11,313)	1-month LIBOR	2.142%	(589		)	(622		)	Apr 2016
Pay fixed/ Receive    variable Swap	Accounts payable and accrued liabilities	$11,759 (amortizing to $10,083)	1-month LIBOR	2.236%	(563		)	(596		)	Apr 2016
Cap	Intangible lease assets and other assets	$125,000 (amortizing to $122,375)	3-month LIBOR	5.000%	3			—			Jan 2014

Schedule of gain (loss) recognized in other comprehensive income (loss)

	Gain (Loss) Recognized in OCI/L (Effective Portion)				Location of Losses Reclassified from AOCI/L into Earnings(Effective  Portion)	Loss Recognized in Earnings (Effective Portion)						Location of Gain Recognized in Earnings (Ineffective  Portion)	Gain Recognized in Earnings (Ineffective Portion)
Hedging Instrument	Three Months Ended March 31,					Three Months Ended March 31,							Three Months Ended March 31,
	2012		2011			2012			2011				2012		2011
Interest rate contracts	$	284	$	562	Interest Expense	$	(562	)	$	(22	)	Interest Expense	$	—	$	—