Mortgages and Notes Payable (Tables)

12 Months Ended

Dec. 31, 2011

Debt Disclosure [Abstract]

Schedule of Consolidated Mortgages and Notes Payable

Our mortgages and notes payable consist of the following:

	December 31,
	2011		2010
Secured indebtedness: (1)
7.05% mortgage loan due 2012 (2)	$	—	$	186,038
5.45% mortgage loan due 2014 (3)	67,809		—
5.18% mortgage loan due 2017 (4)	123,613		—
6.03% mortgage loan due 2013	125,264		128,084
5.68% mortgage loan due 2013	110,343		113,230
5.17% (6.43% effective rate) mortgage loan due 2015 (5)	40,015		40,199
6.88% mortgage loans due 2016	112,075		113,386
7.50% mortgage loan due 2016	46,181		46,662
5.74% to 9.00% mortgage loans due between 2012 and 2016 (6) (7) (8)	72,640		74,691
Variable rate construction loan due 2012 (9)	52,109		52,109
	750,049		754,399
Unsecured indebtedness:
5.85% (5.88% effective rate) notes due 2017 (10)	391,164		391,046
7.50% notes due 2018	200,000		200,000
Variable rate term loan due 2016 (11)	200,000		—
Variable rate term loans due 2011	—		147,500
Revolving credit facility due 2015 (12)	362,000		30,000
	1,153,164		768,546
Total	$	1,903,213	$	1,522,945

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(1) The secured mortgage loans payable are collateralized by real estate assets with an aggregate undepreciated book value of approximately $1.2 billion at December 31, 2011. Our fixed rate mortgage loans generally are either locked out to prepayment for all or a portion of their term or are prepayable subject to certain conditions including prepayment penalties.

(2) We have repaid the remaining balance of this loan as of December 31, 2011.

(3) Includes unamortized fair market premium of $0.4 million as of December 31, 2011.

(4) Includes unamortized fair market premium of $5.5 million as of December 31, 2011.

(5) Net of unamortized fair market value discount of $1.7 million as of December 31, 2011.

(6) Includes mortgage debt related to Harborview, a consolidated 20.0% owned joint venture, of $21.0 million and $21.5 million at December 31, 2011 and 2010, respectively. See Note 8.

(7) Includes mortgage debt related to Markel, a consolidated 50.0% owned joint venture, of $34.0 million and $35.0 million at December 31, 2011 and 2010, respectively. See Note 10.

(8) Net of unamortized fair market value premium of $0.3 million and $0.4 million at both December 31, 2011 and 2010.

(9) The interest rate is 1.14% a

Schedule of Long-term Debt Instruments [Table Text Block]

cility at December 31, 2011.

The following table sets forth scheduled future principal payments, including amortization, due on our mortgages and notes pa