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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Assets    
Land $ 483,198 $ 483,198
Income producing property 2,003,826 1,979,348
Real estate investment property, at cost 2,487,024 2,462,546
Accumulated depreciation and amortization (646,993) (604,614)
Net income producing property 1,840,031 1,857,932
Properties under development or held for future development 55,262 49,135
Total real estate held for investment, net 1,895,293 1,907,067
Investment in real estate sold or held for sale, net 0 11,528
Cash and cash equivalents 5,919 19,324
Restricted cash 10,839 14,582
Rents and other receivables, net of allowance for doubtful accounts of $9,585 and $10,958, respectively 60,100 57,076
Prepaid expenses and other assets 108,591 114,541
Other assets related to properties sold or held for sale 0 258
Total assets 2,080,742 2,124,376
Liabilities    
Notes payable 846,450 906,190
Mortgage notes payable 312,211 342,970
Lines of credit 75,000 0
Accounts payable and other liabilities 51,715 52,823
Advance rents 14,239 16,096
Tenant security deposits 9,899 9,936
Other liabilities related to properties sold or held for sale 0 218
Total liabilities 1,309,514 1,328,233
Shareholders’ equity    
Preferred shares; $0.01 par value; 10,000 shares authorized; no shares issued or outstanding 0 0
Shares of beneficial interest; $0.01 par value; 100,000 shares authorized: 66,500 and 66,437 shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively 665 664
Additional paid in capital 1,147,710 1,145,515
Distributions in excess of net income (381,623) (354,122)
Total shareholders’ equity 766,752 792,057
Noncontrolling interests in subsidiaries 4,476 4,086
Total equity 771,228 796,143
Total liabilities and equity $ 2,080,742 $ 2,124,376