Undeveloped Land and Construction in Progress (Tables)

12 Months Ended

Dec. 31, 2013

Undeveloped Land and Construction in Progress [Table Text Block]

		Total Units/	Costs Capitalized
	Location	Square Feet(1)	to Date
($ in thousands)
Active Developments:
Multifamily:
220 Riverside	Jacksonville, FL	294	$	15,025
Colonial Grand at Bellevue (Phase II)	Nashville, TN	220	7,462
Colonial Grand at Lake Mary (Phase III)	Orlando, FL	132	9,117
Colonial Grand at Randal Lakes	Orlando, FL	462	49,819
Colonial Reserve at South End	Charlotte, NC	353	50,856
		1,461	$	132,279
Commercial:
Colonial Promenade Huntsville (Phase II)	Huntsville, AL	23,000	$	6,085
Brookwood West Retail	Birmingham, AL	41,300	9,413
		64,300	$	15,498
Total Active Developments			$	147,777
Other Capital improvements in progress			18,271
Total Development and capital improvements in progress			$	166,048
Undeveloped land:
Multifamily			$	20,350
Commercial			28,800
Commercial Outparcels/Pads			700
For-Sale Residential Land			14,000
			$	63,850
Total Undeveloped land			$	63,850

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