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Indebtedness (Tables)
12 Months Ended
Dec. 31, 2011
Extinguishment of Debt [Line Items]  
Information regarding indebtedness
                             
    Outstanding Balance at     Interest
Rate at
December 31,
2011
  Effective
Interest
Rate at
Issuance
  Maturity
Date
    December 31,
2011
    December 31,
2010
       

Mortgage and Other Loans Payable, Net*

  $ 690,256     $ 486,055     4.45% – 9.25%   4.45% – 9.25%   January 2013 – October 2021

Unamortized Premiums*

    (305     (358            
   

 

 

   

 

 

             

Mortgage and Other Loans Payable, Gross*

  $ 689,951     $ 485,697              
   

 

 

   

 

 

             

Senior Unsecured Notes, Net

                           

2016 Notes

  $ 159,455     $ 159,899     5.750%   5.91%   01/15/16

2017 Notes

    59,600       87,195     7.500%   7.52%   12/01/17

2027 Notes

    6,065       13,559     7.150%   7.11%   05/15/27

2028 Notes

    124,894       189,869     7.600%   8.13%   07/15/28

2012 Notes

    61,817       61,774     6.875%   6.85%   04/15/12

2032 Notes

    34,683       34,667     7.750%   7.87%   04/15/32

2014 Notes

    86,997       86,792     6.420%   6.54%   06/01/14

2011 Exchangeable Notes

    —         128,137     N/A   N/A   09/15/11

2017 II Notes

    106,716       117,637     5.950%   6.37%   05/15/17
   

 

 

   

 

 

             

Subtotal

  $ 640,227     $ 879,529              

Unamortized Discounts

    4,625       6,980              
   

 

 

   

 

 

             

Senior Unsecured Notes, Gross

  $ 644,852     $ 886,509              
   

 

 

   

 

 

             

Unsecured Credit Facility

  $ 149,000     $ 376,184     2.385%   2.385%   12/12/14
   

 

 

   

 

 

             

 

* Excludes $1,008 of Mortgage Loan Payable on Real Estate Held for Sale which is net of $48 of unamortized premiums as of December 31, 2010.
Mortgage Loans Obtained [Table Text Block]
                                                         

Mortgage

Financing

  Loan
Principal
    Interest
Rate
    Origination/Assumption
Date
  Maturity
Date
  Amortization
Period
    Number of
Industrial
Properties
Collateralizing
Mortgage
    GLA
(In
millions)
    Property
Carrying
Value at
December 31,
2011
 

I - VIII

  $ 178,300       4.45   May 2, 2011   June 2018     30-year       32       5.9     $ 206,291  

IX

    24,417       5.579   May 26, 2011   February 2016     30-year       1       0.7       28,991  

X-XX

    77,600       4.85   September 23, 2011   October 2021     30-year       24       2.3       84,403  
   

 

 

                                           

 

 

 
    $ 280,317                                             $ 319,685  
   

 

 

                                           

 

 

 
Summary of the stated maturities and scheduled principal payments
         
    Amount  

2012

  $ 74,518  

2013

    13,164  

2014

    305,063  

2015

    62,088  

2016

    293,467  

Thereafter

    735,503  
   

 

 

 

Total

  $ 1,483,803  
   

 

 

 
Summary of fair value indebtedness
                                 
    December 31, 2011     December 31, 2010  
    Carrying
Amount
    Fair
Value
    Carrying
Amount
    Fair
Value
 

Mortgage and Other Loans Payable, including mortgages Held for Sale

  $ 690,256     $ 743,419     $ 487,063     $ 548,696  

Senior Unsecured Debt

    640,227       630,622       879,529       851,771  

Unsecured Credit Facility

    149,000       149,000       376,184       376,184  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 1,479,483     $ 1,523,041     $ 1,742,776     $ 1,776,651  
   

 

 

   

 

 

   

 

 

   

 

 

 
Mortgages [Member]
 
Extinguishment of Debt [Line Items]  
Early extinguishment of mortgage loans and senior unsecured notes
                         

Loan

Principal Paid Off

  Interest
Rate
    Payoff
Date
  Maturity
Date
  (Loss) Gain on
Retirement  of
Debt
 
$14,520     6.75   February 10, 2011   September 2012   $ (213
18,662     7.50   March 9, 2011   December 2014     (813
27,389     7.50   April 1, 2011   October 2014     (1,104
2,091     7.54   November 30, 2011   January 2012     2  

 

                 

 

 

 
$62,662                   $ (2,128

 

                 

 

 

 
Senior unsecured notes [Member]
 
Extinguishment of Debt [Line Items]  
Early extinguishment of mortgage loans and senior unsecured notes
                                 
    Principal Amount Repurchased     Purchase Price  
    For the
Year Ended
December 31,
2011
    For the
Year Ended
December 31,
2010
    For the
Year Ended
December 31,
2011
    For the
Year Ended
December 31,
2010
 

2011 Notes

  $ —       $ 143,498     $ —       $ 147,723  

2011 Exchangeable Notes

    —         18,000       —         17,936  

2012 Notes

    —         82,236       —         82,235  

2014 Notes

    1,144       21,062       1,143       17,964  

2016 Notes

    500       —         475       —    

2017 Notes

    27,619       —         27,506       —    

2017 II Notes

    10,969       —         10,182       —    

2027 Notes

    7,500       —         7,500       —    

2028 Notes

    65,025       —         63,861       —    
   

 

 

   

 

 

   

 

 

   

 

 

 
    $ 112,757     $ 264,796     $ 110,667     $ 265,858