Investments in Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2011

Investments in Joint Ventures [Abstract]

Condensed Combined Balance Sheets

	December 31, 2011			December 31, 2010
Condensed Combined Balance Sheets
Gross Real Estate Investment	$	155,555		$	210,567
Less: Accumulated Depreciation		(41,342	)		(47,286	)
Net Real Estate		114,213			163,281
Other Assets		23,364			33,351
Total Assets	$	137,577		$	196,632
Debt	$	112,261		$	157,431
Other Liabilities		5,779			10,849
Equity		19,537			28,352
Total Liabilities and Equity	$	137,577		$	196,632
Company’s share of Equity	$	3,029		$	4,344
Basis Differentials(1)		(1,564	)		(2,089	)
Carrying Value of the Company’s investments in Joint Ventures	$	1,465		$	2,255

Condensed Combined Statements of Operations

	Year Ended December 31,
	2011		2010			2009
Condensed Combined Statements of Operations
Total Revenues	$	16,799	$	55,894		$	85,426
Expenses:
Operating and Other		3,114		23,862			41,359
Interest		7,791		28,622			39,749
Depreciation and Amortization		7,312		27,202			47,487
Impairment of Real Estate		—		3,268			150,804
Total Expenses		18,217		82,954			279,399
Income from Discontinued Operations (Including Gain on Sale of Real Estate of $3,137, $2,761 and $1,177 for the years ended December 31, 2011, 2010 and 2009, respectively)		2,674		1,942			1,799
Gain on Sale of Real Estate		—		808			8,603
Net Income (Loss)	$	1,256	$	(24,310	)	$	(183,571	)
Company’s Share of Net Income (Loss)	$	980	$	675		$	(1,276	)
Impairment on the Company’s Investments in Joint Ventures		—		—			(5,194	)
Equity in Income (Loss) of Joint Ventures	$	980	$	675		$	(6,470	)