SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2013

SEGMENT REPORTING

Schedule of revenues and net operating income for each of the reportable segments

	Three Months						Nine Months
	2013			2012			2013			2012
Revenues:
Core properties	$	154,221		$	150,309		$	463,793		$	448,816
Non-core properties	12,385			11,424			36,084			20,397
Reconciling items	207			32			671			63
Total revenues	$	166,813		$	161,765		$	500,548		$	469,276
Net operating income:
Core properties	$	99,643		$	96,507		$	296,153		$	283,894
Non-core properties	8,108			7,500			23,426			13,076
Reconciling items	207			32			671			63
Net operating income, including reconciling items	107,958			104,039			320,250			297,033
General and administrative expenses	(6,152		)	(8,018		)	(22,572		)	(27,367		)
Interest expense	(28,161		)	(31,874		)	(88,048		)	(92,766		)
Depreciation and amortization	(44,005		)	(41,720		)	(129,860		)	(120,234		)
Other expenses	(16		)	(15		)	(48		)	(2,726		)
Income from continuing operations	$	29,624		$	22,412		$	79,722		$	53,940

Summary of assets for each of the reportable segments

Assets	2013			2012
Apartment communities
Core properties		$	3,725,911		$	3,754,000
Non-core properties		604,200			592,386
Reconciling items		90,774			105,106
Total assets		$	4,420,885		$	4,451,492