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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,124) $ (4,847)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Gain (Loss) on Disposition of Assets (846) 266
Loss on extinguishment of debt 94 0
Impairment loss 12,233 3,508
Depreciation and amortization 27,006 26,914
Amortization of deferred financing costs 512 1,079
Stock-based compensation 1,210 1,186
Effect of recognizing rental revenues on a straight-line or market basis (2,108) (3,705)
(Income) loss from unconsolidated joint ventures (11,948) (4,808)
Operating distributions from unconsolidated joint ventures 9,857 4,692
Residential lot and multi-family cost of sales, net of closing costs paid 1,057 2,390
Residential lot development expenditures (46) (563)
Changes in other operating assets and liabilities:    
Change in other receivables and other assets (1,759) 1,114
Change in accounts payable and accrued liabilities 1,092 (140)
Net cash provided by operating activities 35,230 27,086
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investment property sales 63,236 21,543
Property acquisition, development and tenant asset expenditures (18,558) (14,915)
Investment in unconsolidated joint ventures (6,235) (9,841)
Distributions from unconsolidated joint ventures 25,188 4,696
Proceeds from Sale and Collection of Notes Receivable 821 98
Change in other assets (1,866) (2,386)
Change in restricted cash 12 882
Net cash provided by investing activities 62,598 77
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from credit facility 273,100 52,900
Repayments of credit facility (430,850) (32,900)
Proceeds from notes payable and construction facilities 105,949 0
Repayment of notes payable (26,620) (28,101)
Payment of loan issuance costs (3,419) 0
Common stock issuance costs 0 (16)
Common dividends paid (9,373) (9,316)
Preferred dividends paid (6,454) (6,454)
Distributions to noncontrolling interests (2,010) (6,526)
Net cash used in financing activities (99,677) (30,413)
NET DECREASE IN CASH AND CASH EQUIVALENTS (1,849) (3,250)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 4,858 7,599
CASH AND CASH EQUIVALENTS AT END OF PERIOD 3,009 4,349
INTEREST PAID, NET OF AMOUNTS CAPITALIZED 11,853 14,902
INCOME TAXES REFUNDED 0 53
Transfer from Other Assets to investment in Unconsolidated Joint Ventures $ 0 $ 6,050