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Quarterly Results (unaudited) (Tables)
12 Months Ended
Dec. 31, 2012
Supplemental Income Statement Elements [Abstract]  
Summary of the unaudited quarterly financial information
A summary of the unaudited quarterly financial information for the years ended December 31, 2012 and 2011 is presented below:
 
2012 Quarter Ended
 
March 31
 
June 30
 
September 30
 
December 31
Equity in income of joint ventures
$
75,814

 
$
79,832

 
$
3,269

 
$
(4,588
)
Interest and other income
$
3,425

 
$
1,785

 
$
1,326

 
$
1,370

Net income (loss)
$
21,656

 
$
37,490

 
$
(37,700
)
 
$
(43,513
)
Net income (loss) allocated to:

 

 

 

Class A limited partners
$
79,177

 
$
(110,819
)
 
$
(37,323
)
 
$
(43,078
)
Class B limited partners
$
(57,738
)
 
$
147,934

 
$

 
$

General partners
$
217

 
$
375

 
$
(377
)
 
$
(435
)
Net income (loss) per weighted-average limited partner unit:

 

 

 

Class A
$
0.02

 
$
(0.03
)
 
$
(0.01
)
 
$
(0.01
)
Class B(a)
$
(0.26
)
 
$
0.65

 
$

 
$

Distribution of operating cash per weighted-average limited
  partner unit:

 

 

 

Class A
$

 
$

 
$

 
$

Class B
$

 
$

 
$

 
$

Distribution of net property sale proceeds per weighted-
  average limited partner unit:

 

 

 

Class A
$

 
$
0.99

 
$

 
$

Class B
$

 
$
1.11

 
$

 
$


 
2011 Quarter Ended
 
March 31
 
June 30
 
September 30
 
December 31
Equity in income of joint ventures
$
48,095

 
$
540,268

 
$
59,833

 
$
72,298

Interest and other income
$
1,747

 
$
2,271

 
$
3,870

 
$
3,153

Net income (loss)
$
(14,133
)
 
$
501,846

 
$
27,592

 
$
38,171

Net income (loss) allocated to:

 

 

 

Class A limited partners
$
75,276

 
$
221,677

 
$
87,713

 
$
90,493

Class B limited partners
$
(89,409
)
 
$
279,946

 
$
(60,404
)
 
$
(52,703
)
General partners
$

 
$
223

 
$
283

 
$
381

Net income (loss) per weighted-average limited partner unit:

 

 

 

Class A
$
0.02

 
$
0.07

 
$
0.03

 
$
0.03

Class B
$
(0.38
)
 
$
1.19

 
$
(0.26
)
 
$
(0.22
)
Distribution of operating cash per weighted-average limited
  partner unit:

 

 

 

Class A
$

 
$

 
$

 
$

Class B
$

 
$

 
$

 
$

Distribution of net property sale proceeds per weighted-
  average limited partner unit:

 

 

 

Class A
$

 
$

 
$

 
$

Class B
$

 
$

 
$

 
$

(a) 
The quarterly per-unit amounts have been calculated using actual income (loss) for the respective quarters. Conversely, the corresponding annual income (loss) per-unit amounts have been calculated assuming that income (loss) was earned ratably over the year. As a result, the sum of these quarterly per-unit amounts does not equal the respective annual per-unit amount presented in the accompanying financial statements.