Condensed Consolidated Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
REVENUES:
Rental property revenues	$ 32,592	$ 27,022	$ 92,846	$ 78,802
Fee income	7,343	3,909	12,985	10,729
Residential lot sales	732	165	2,216	410
Other	3,061	447	4,587	6,154
Total consolidated revenues	43,728	31,543	112,634	96,095
COSTS AND EXPENSES:
Rental property operating expenses	14,400	11,775	39,595	33,658
Residential lot and outparcel cost of sales	354	158	1,334	303
General and administrative expenses	5,255	4,295	17,523	17,828
Interest expense	5,793	6,601	17,936	21,503
Reimbursed expenses	1,235	1,866	3,968	4,749
Depreciation and amortization	11,567	8,719	32,526	25,562
Impairment losses	488	0	488	3,508
Separation expenses	574	15	866	193
Other	2,257	773	3,504	4,760
Total costs and expenses	41,923	34,202	117,740	112,064
LOSS ON EXTINGUISHMENT OF DEBT	0	(74)	(94)	(74)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES, UNCONSOLIDATED JOINT VENTURES AND SALE OF INVESTMENT PROPERTIES	1,805	(2,733)	(5,200)	(16,043)
(PROVISION) BENEFIT FOR INCOME TAXES FROM OPERATIONS	(60)	180	(120)	217
INCOME FROM UNCONSOLIDATED JOINT VENTURES	2,269	2,660	14,217	7,468
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE GAIN ON SALE OF INVESTMENT PROPERTIES	4,014	107	8,897	(8,358)
GAIN ON SALE OF INVESTMENT PROPERTIES	60	59	146	177
INCOME (LOSS) FROM CONTINUING OPERATIONS	4,074	166	9,043	(8,181)
INCOME (LOSS) FROM DISCONTINUED OPERATIONS:
Income (loss) from discontinued operations	1,760	2,619	(5,093)	6,503
Gain on sale of discontinued operations, net	7,444	2,821	8,204	2,437
Total income from discontinued operations	9,204	5,440	3,111	8,940
NET INCOME	13,278	5,606	12,154	759
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS	(608)	(2,192)	259	(3,454)
Net Income (Loss) Attributable to Controlling Interest	12,670	3,414	12,413	(2,695)
DIVIDENDS TO PREFERRED STOCKHOLDERS	(3,226)	(3,226)	(9,680)	(9,680)
NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS	$ 9,444	$ 188	$ 2,733	$ (12,375)
PER COMMON SHARE INFORMATION - BASIC AND DILUTED:
Income (loss) from continuing operations attributable to controlling interest	$ 0.00	$ (0.05)	$ 0.00	$ (0.21)
Income from discontinued operations	$ 0.09	$ 0.05	$ 0.03	$ 0.09
Net income (loss) available to common stockholders	$ 0.09	$ 0.00	$ 0.03	$ (0.12)
Weighted Average Number of Shares Outstanding, Basic	104,193	103,715	104,120	103,631
Weighted Average Number of Shares Outstanding, Diluted	104,203	103,715	104,125	103,631
DIVIDENDS DECLARED PER COMMON SHARE	$ 0.045	$ 0.045	$ 0.135	$ 0.135