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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUES:    
Rental and other property revenues$ 269,525$ 263,481$ 805,749$ 788,057
Asset management and tax credit revenues11,8859,71128,77224,208
Total revenues281,410273,192834,521812,265
OPERATING EXPENSES:    
Property operating expenses119,903116,786356,634362,784
Investment management expenses2,3862,6097,60410,979
Depreciation and amortization97,321101,704287,739305,066
Provision for operating real estate impairment losses149 149 
General and administrative expenses12,66412,09636,16239,015
Other expenses, net4,8704,41613,9522,173
Total operating expenses237,293237,611702,240720,017
Operating income44,11735,581132,28192,248
Interest income4,0972,5789,0318,079
Recovery of (provision for) losses on notes receivable, net233(6)180(284)
Interest expense(73,152)(74,544)(243,169)(225,305)
Equity in losses of unconsolidated real estate partnerships(4,987)(15,653)(8,432)(11,799)
Gain on dispositions of unconsolidated real estate and other3,0958835,1155,368
Loss before income taxes and discontinued operations(26,597)(51,161)(104,994)(131,693)
Income tax benefit1,1104,3855,70411,042
Loss from continuing operations(25,487)(46,776)(99,290)(120,651)
Income from discontinued operations, net30,96818,51050,95965,881
Net income (loss)5,481(28,266)(48,331)(54,770)
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships(5,464)11,2134,6121,795
Net income (loss) attributable to the Partnership17(17,053)(43,719)(52,975)
Net income attributable to the Partnership's preferred unitholders(14,971)(13,492)(40,441)(39,918)
Net income attributable to participating securities(58)(2)(169) 
Net loss attributable to the Partnership's common unitholders$ (15,012)$ (30,547)$ (84,329)$ (92,893)
Earnings (loss) per common unit - basic and diluted (Note 9):    
Loss from continuing operations attributable to the Partnership's common unitholders$ (0.26)$ (0.35)$ (0.91)$ (1.10)
Income from discontinued operations attributable to the Partnership's common unitholders$ 0.14$ 0.10$ 0.25$ 0.35
Net loss attributable to the Partnership's common unitholders$ (0.12)$ (0.25)$ (0.66)$ (0.75)
Weighted average common units outstanding, basic and diluted128,656124,739127,336124,601
Distributions declared per common unit$ 0.12$ 0.10$ 0.36$ 0.20