Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (11,354)	$ (4,049)
Adjustments to reconcile net loss to net cash provided by operating activities:
Loss (gain) on sale of investment properties, net	(143)	325
Loss on extinguishment of debt	94	0
Impairment loss	12,233	3,508
Depreciation and amortization	14,256	13,539
Amortization of deferred financing costs	235	536
Stock-based compensation	583	679
Effect of recognizing rental revenues on a straight-line or market basis	(1,482)	(1,500)
(Income) loss from unconsolidated joint ventures	(2,186)	(2,496)
Operating distributions from unconsolidated joint ventures	1,550	2,430
Residential lot and multi-family cost of sales, net of closing costs paid	538	2,325
Residential lot development expenditures	0	(435)
Changes in other operating assets and liabilities:
Change in other receivables and other assets	(306)	(258)
Change in accounts payable and accrued liabilities	(3,796)	(5,421)
Net cash provided by operating activities	10,222	9,183
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from investment property sales	0	21,543
Property acquisition, development and tenant asset expenditures	(8,039)	(7,667)
Investment in unconsolidated joint ventures	(4,483)	(839)
Distributions from unconsolidated joint ventures	24,098	3,602
Collection of notes receivable	212	36
Change in other assets	(1,176)	(1,451)
Change in restricted cash	807	(496)
Net cash provided by investing activities	11,419	14,728
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from credit facility	239,500	12,600
Repayments of credit facility	(350,750)	(24,300)
Proceeds from notes payable and construction facilities	102,191	0
Repayment of notes payable	(1,215)	(986)
Payment of loan issuance costs	(3,353)	0
Common stock issuance costs	0	(14)
Common dividends paid	(4,687)	(4,653)
Preferred dividends paid	(3,227)	(3,227)
Distributions to noncontrolling interests	(956)	(5,833)
Net cash used in financing activities	(22,497)	(26,413)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(856)	(2,502)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	4,858	7,599
CASH AND CASH EQUIVALENTS AT END OF PERIOD	4,002	5,097
INTEREST PAID, NET OF AMOUNTS CAPITALIZED	6,606	6,580
INCOME TAXES REFUNDED	$ 0	$ 53