Exhibit 12.1

Statements Regarding Computation of Ratios

	For the years ended December 31,
	2006			2005			2004			2003			2002
Income from continuing operations	$	72,098		$	75,041		$	63,068		$	45,413		$	41,331
Add back fixed charges:
Interest expense (A)		63,410			13,011			5,435			4,642			5,919
Earnings before fixed charges and preferred dividends		135,508			88,052			68,503			50,055			47,250
Fixed charges and preferred dividends
Interest expense		63,410			13,011			5,435			4,642			5,919
Preferred dividends		10,079			10,076			5,279			—			—
Subtotal		73,489		$	23,087		$	10,714		$	4,642		$	5,919
Ratio of earnings to fixed charges and preferred dividends		1.8	x		3.8	x		6.4	x		10.	8x		8.0	x

(A) Includes interest expense totaling $1,577, $78, $518, $1,302 and $2,287 for the years ended December 31, 2006, 2005, 2004, 2003, and 2002, respectively, associated with consolidated real estate interests included in real estate operating expenses in our consolidated financial statements.