Disclosure About Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements of Assets, Liabilities and Noncontrolling Interests [Table Text Block]

The following table sets forth our assets and liabilities and the Company's noncontrolling interests in the Operating Partnership that are measured at fair value within the fair value hierarchy.

			Level 1		Level 2		Level 3
	Total		Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Observable Inputs		Significant Unobservable Inputs
Fair Value at September 30, 2014:
Assets:
Mortgages and notes receivable, at fair value (1)	$	10,531	$	—	$	201	$	10,330
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	3,553		3,553		—		—
Tax increment financing bond (in prepaid expenses and other assets)	13,696		—		—		13,696
Total Assets	$	27,780	$	3,553	$	201	$	24,026
Noncontrolling Interests in the Operating Partnership	$	114,248	$	114,248	$	—	$	—
Liabilities:
Mortgages and notes payable, at fair value (1)	$	2,087,145	$	—	$	2,087,145	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	959		—		959		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	3,553		3,553		—		—
Financing obligations, at fair value (1)	22,654		—		—		22,654
Total Liabilities	$	2,114,311	$	3,553	$	2,088,104	$	22,654

Fair Value at December 31, 2013:
Assets:
Mortgages and notes receivable, at fair value (1)	$	26,485	$	—	$	17,029	$	9,456
Interest rate swaps (in prepaid expenses and other assets)	301		—		301		—
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	3,996		3,996		—		—
Tax increment financing bond (in prepaid expenses and other assets)	13,403		—		—		13,403
Total Assets	$	44,185	$	3,996	$	17,330	$	22,859
Noncontrolling Interests in the Operating Partnership	$	106,480	$	106,480	$	—	$	—
Liabilities:
Mortgages and notes payable, at fair value (1)	$	2,037,385	$	—	$	2,037,385	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	510		—		510		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	3,996		3,996		—		—
Financing obligations, at fair value (1)	22,478		—		—		22,478
Total Liabilities	$	2,064,369	$	3,996	$	2,037,895	$	22,478

__________

(1)    Amounts recorded at historical cost on our Consolidated Balance Sheets at September 30, 2014 and December 31, 2013.

Fair Value Measurements, Unobservable Inputs Reconciliation [Table Text Block]

The following table sets forth the changes in our Level 3 asset and liability, which are recorded at fair value on our Consolidated Balance Sheets:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2014		2013			2014		2013
Asset:
Tax Increment Financing Bond:
Beginning balance	$	13,673	$	14,233		$	13,403	$	14,496
Principal repayment	—		—			—		(562		)
Unrealized gains (in AOCL)	23		97			293		396
Ending balance	$	13,696	$	14,330		$	13,696	$	14,330
Liability:
Contingent Consideration to Acquire Real Estate Assets:
Beginning balance	$	—	$	384		$	—	$	563
Unrecognized gains (in general and administrative expenses)	—		(193		)	—		(372		)
Ending balance	$	—	$	191		$	—	$	191

Fair Value Measurements, Valuation Techniques [Table Text Block]

The following table sets forth quantitative information about the unobservable input of our Level 3 asset, which is recorded at fair value on our Consolidated Balance Sheets:

	Valuation Technique	Unobservable Input	Rate
Asset:
Tax increment financing bond	Income approach	Discount rate	9.7%