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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
REAL ESTATE ASSETS:    
Operating properties, net of accumulated depreciation of $255,128 and $289,473 in 2012 and 2011, respectively $ 669,652 $ 884,652
Projects under development, net of accumulated depreciation of $183 in 2012 25,209 11,325
Land 42,187 67,327
Other 151 637
Total properties 737,199 963,941
OPERATING PROPERTY AND RELATED ASSETS HELD FOR SALE, net of accumulated depreciation of $2,947 in 2012 1,866 0
CASH AND CASH EQUIVALENTS 176,892 4,858
RESTRICTED CASH 2,852 4,929
NOTES AND ACCOUNTS RECEIVABLE, net of allowance for doubtful accounts of $1,743 and $5,100 in 2012 and 2011, respectively 9,972 11,359
DEFERRED RENTS RECEIVABLE 39,378 37,141
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES 97,868 160,587
OTHER ASSETS 58,215 52,720
TOTAL ASSETS 1,124,242 1,235,535
LIABILITIES AND EQUITY    
NOTES PAYABLE 425,410 539,442
ACCOUNTS PAYABLE AND ACCRUED EXPENSES 34,751 29,682
DEFERRED INCOME 11,888 17,343
OTHER LIABILITIES 9,240 8,910
TOTAL LIABILITIES 481,289 595,377
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, 107,660,080 and 107,272,078 shares issued in 2012 and 2011, respectively 107,660 107,272
Additional paid-in capital 690,024 687,835
Treasury stock at cost, 3,570,082 shares in 2012 and 2011 (86,840) (86,840)
Distributions in excess of cumulative net income (260,104) (274,177)
TOTAL STOCKHOLDERS’ INVESTMENT 620,342 603,692
Nonredeemable noncontrolling interests 22,611 33,703
TOTAL EQUITY 642,953 637,395
TOTAL LIABILITIES AND EQUITY 1,124,242 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