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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
PROPERTIES:    
Operating properties, net of accumulated depreciation of $281,739 and $289,473 in 2012 and 2011, respectively $ 796,830 $ 884,652
Projects under development 19,078 11,325
Land held 52,163 54,132
Residential lots 12,288 13,195
Other 533 637
Total properties 880,892 963,941
CASH AND CASH EQUIVALENTS 3,009 4,858
RESTRICTED CASH 4,917 4,929
NOTES AND OTHER RECEIVABLES, net of allowance for doubtful accounts of $2,213 and $5,100 in 2012 and 2011, respectively 11,206 11,359
DEFERRED RENTS RECEIVABLE 39,630 37,141
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES 140,303 160,587
OTHER ASSETS 55,358 52,720
TOTAL ASSETS 1,135,315 1,235,535
LIABILITIES AND EQUITY    
NOTES PAYABLE 461,021 539,442
ACCOUNTS PAYABLE AND OTHER LIABILITIES 38,193 38,592
DEFERRED INCOME 13,204 17,343
TOTAL LIABILITIES 512,418 595,377
COMMITMENTS AND CONTINGENT LIABILITIES      
REDEEMABLE NONCONTROLLING INTERESTS 0 2,763
Preferred stock, 20,000,000 shares authorized, $1 par value:    
Common stock, $1 par value, 250,000,000 shares authorized, 107,785,195 and 107,272,078 shares issued in 2012 and 2011, respectively 107,785 107,272
Additional paid-in capital 688,903 687,835
Treasury stock at cost, 3,570,082 shares in 2012 and 2011 (86,840) (86,840)
Distributions in excess of cumulative net income (290,261) (274,177)
TOTAL STOCKHOLDERS' INVESTMENT 589,189 603,692
Nonredeemable noncontrolling interests 33,708 33,703
TOTAL EQUITY 622,897 637,395
TOTAL LIABILITIES AND EQUITY 1,135,315 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