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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
PROPERTIES:    
Operating properties, net of accumulated depreciation of $300,260 and $289,473 in 2012 and 2011, respectively $ 854,179 $ 884,652
Operating property held for sale, net of accumulated depreciation of $2,522 in 2012 7,743 0
Projects under development 15,008 11,325
Land held 54,132 54,132
Residential lots 12,657 13,195
Other 637 637
Total properties 944,356 963,941
CASH AND CASH EQUIVALENTS 4,002 4,858
RESTRICTED CASH 4,122 4,929
NOTES AND OTHER RECEIVABLES, net of allowance for doubtful accounts of $2,738 and $5,100 in 2012 and 2011, respectively 48,864 48,500
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES 141,180 160,587
OTHER ASSETS 57,110 52,720
TOTAL ASSETS 1,199,634 1,235,535
LIABILITIES AND EQUITY    
NOTES PAYABLE 529,168 539,442
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES 30,936 36,075
DEFERRED GAIN 3,921 3,980
DEPOSITS AND DEFERRED INCOME 15,263 15,880
TOTAL LIABILITIES 579,288 595,377
COMMITMENTS AND CONTINGENT LIABILITIES      
REDEEMABLE NONCONTROLLING INTERESTS 295 2,763
Preferred stock, 20,000,000 shares authorized, $1 par value:    
Common stock, $1 par value, 250,000,000 shares authorized, 107,709,513 and 107,272,078 shares issued in 2012 and 2011, respectively 107,710 107,272
Additional paid-in capital 687,809 687,835
Treasury stock at cost, 3,570,082 shares in 2012 and 2011 (86,840) (86,840)
Distributions in excess of cumulative net income (291,976) (274,177)
TOTAL STOCKHOLDERS' INVESTMENT 586,305 603,692
Nonredeemable noncontrolling interests 33,746 33,703
TOTAL EQUITY 620,051 637,395
TOTAL LIABILITIES AND EQUITY 1,199,634 1,235,535
Series A Preferred Stock [Member]
   
Preferred stock, 20,000,000 shares authorized, $1 par value:    
7.75% Series A cumulative redeemable preferred stock, $25 liquidation preference; 2,993,090 shares issued and outstanding in 2012 and 2011 and 7.50% Series B cumulative redeemable preferred stock, $25 liquidation preference; 3,791,000 shares issued and outstanding in 2012 and 2011 74,827 74,827
Series B Preferred Stock [Member]
   
Preferred stock, 20,000,000 shares authorized, $1 par value:    
7.75% Series A cumulative redeemable preferred stock, $25 liquidation preference; 2,993,090 shares issued and outstanding in 2012 and 2011 and 7.50% Series B cumulative redeemable preferred stock, $25 liquidation preference; 3,791,000 shares issued and outstanding in 2012 and 2011 $ 94,775 $ 94,775