Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2011

Reportable Segments [Abstract]

Total profit or loss from reportable segments

		000000		000000			000000			000000			000000			000000
Year Ended December 31, 2011	Office		Retail			Land			CPS Third Party Management and Leasing			Other			Total
Net operating income, including discontinued operations	$	61,796	$	20,917		$	—		$	—		$	3,583		$	86,296
Fee income, net of reimbursed expenses		—		—			105			10,600			7,508			18,213
Residential lot, multi-family unit, tract and outparcel sales, net of cost of sales, including gain on sale of undepreciated investment properties		—		50			3,332			—			2,177			5,559
Other income		1,563		87			—			—			480			2,130
Third party management and leasing expenses		—		—			—			(7,826	)		—			(7,826	)
General and administrative expenses		—		—			—			—			(24,166	)		(24,166	)
Interest expense		—		—			—			—			(27,784	)		(27,784	)
Impairment losses		—		(1,730	)		(94,793	)		—			(3,608	)		(100,131	)
Depreciation and amortization of non-real estate assets		—		—			—			—			(1,688	)		(1,688	)
Separation expenses		—		—			—			—			(197	)		(197	)
Other expenses		—		—			—			—			(4,436	)		(4,436	)
Loss on extinguishment of debt		—		—			—			—			(74	)		(74	)
Funds from operations from unconsolidated joint ventures		11,071		8,712			(27,211	)		—			73			(7,355	)
Impairment loss on investment in unconsolidated joint ventures		—		—			(608	)		—			—			(608	)
Income attributable to noncontrolling interests, excluding amounts related to gain on sale of depreciated investment properties		—		—			—			—			(2,087	)		(2,087	)
Benefit for income taxes from operations		—		—			—			—			186			186
Preferred stock dividends		—		—			—			—			(12,907	)		(12,907	)
Funds from operations available to common stockholders	$	74,430	$	28,036		$	(119,175	)	$	2,774		$	(62,940	)		(76,875	)
Real estate depreciation and amortization, including Company’s share of joint ventures																(62,709	)
Impairment losses on depreciable investment properties																(7,632	)
Noncontrolling interest related to gain on sale of depreciated investment properties																(2,871	)
Gain on sale of depreciated investment properties																8,755
Net loss available to common stockholders															$	(141,332	)
Total Assets	$	732,857	$	375,923		$	108,172		$	4,302		$	14,281		$	1,235,535

		000000			000000		000000			000000			000000			000000			000000
Year Ended December 31, 2010	Office			Retail		Land			CPS Third Party Management and Leasing			For-Sale Multi- Family			Other			Total
Net operating income, including discontinued operations	$	60,646		$	23,792	$	—		$	—		$	—		$	3,625		$	88,063
Fee income, net of reimbursed expenses		—			—		211			9,668			—			7,951			17,830
Residential lot, multi-family unit, tract and outparcel sales, net of cost of sales, including gain on sale of undepreciated investment properties		—			4,661		1,076			—			7,425			1,204			14,366
Other income		436			114		—			—			—			714			1,264
Third party management and leasing expenses		—			—		—			(8,100	)		—			—			(8,100	)
General and administrative expenses		—			—		—			—			—			(28,517	)		(28,517	)
Interest expense		—			—		—			—			—			(37,180	)		(37,180	)
Impairment losses		—			—		(1,968	)		—			(586	)		—			(2,554	)
Depreciation and amortization of non-real estate assets		—			—		—			—			—			(1,889	)		(1,889	)
Separation expenses		—			—		—			—			—			(1,045	)		(1,045	)
Other expenses		—			—		—			—			—			(4,416	)		(4,416	)
Loss on extinguishment of debt and interest rate swaps		—			—		—			—			—			(9,827	)		(9,827	)
Funds from operations from unconsolidated joint ventures		9,863			6,443		2,375			—			473			—			19,154
Income attributable to noncontrolling interests		—			—		—			—			—			(2,540	)		(2,540	)
Benefit for income taxes from operations		—			—		—			—			—			1,079			1,079
Preferred stock dividends		—			—		—			—			—			(12,907	)		(12,907	)
Funds from operations available to common stockholders	$	70,945		$	35,010	$	1,694		$	1,568		$	7,312		$	(83,748	)		32,781
Real estate depreciation and amortization, including Company’s share of joint ventures																			(67,728	)
Gain on sale of depreciated investment properties																			7,467
Net loss available to common stockholders																		$	(27,480	)
Total Assets	$	671,540		$	348,470	$	261,323		$	4,050		$	4,564		$	81,335		$	1,371,282
Year Ended December 31, 2009	Office			Retail		Land			CPS Third Party Management and Leasing			For-Sale Multi- Family			Other			Total
Net operating income, including discontinued operations	$	57,257		$	24,395	$	—		$	—		$	—		$	1,568		$	83,220
Fee income, net of reimbursed expenses		—			—		616			11,838			—			5,846			18,300
Residential lot, multi-family unit, tract and outparcel sales, net of cost of sales, including gain on sale of undepreciated investment properties		276			1,841		1,466			—			5,212			58			8,853
Other income		286			1,431		—			—			—			1,308			3,025
Third party management and leasing expenses		—			—		—			(7,750	)		—			—			(7,750	)
General and administrative expenses		—			—		—			—			—			(26,198	)		(26,198	)
Interest expense		—			—		—			—			—			(41,393	)		(41,393	)
Impairment losses		—			—		—			—			(36,500	)		(4,012	)		(40,512	)
Depreciation and amortization of non-real estate assets		—			—		—			—			—			(3,382	)		(3,382	)
Separation expenses		—			—		—			—			—			(3,257	)		(3,257	)
Other expenses		—			—		—			—			—			(13,143	)		(13,143	)
Loss on extinguishment of debt and interest rate swaps		—			—		—			—			—			9,732			9,732
Funds from operations from unconsolidated joint ventures		(11,149	)		6,440		(4,091	)		—			(60	)		(37	)		(8,897	)
Impairment loss on investment in unconsolidated joint ventures		(17,993	)		—		(27,000	)		—			(6,065	)		—			(51,058	)
Income attributable to noncontrolling interests		—			—		—			—			—			(2,252	)		(2,252	)
Provision for income taxes from operations		—			—		—			—			—			(4,341	)		(4,341	)
Preferred stock dividends		—			—		—			—			—			(12,907	)		(12,907	)
Funds from operations available to common stockholders	$	28,677		$	34,107	$	(29,009	)	$	4,088		$	(37,413	)	$	(92,410	)		(91,960	)
Real estate depreciation and amortization, including Company’s share of joint ventures																			(61,205	)
Gain on sale of depreciated investment properties, including Company’s share of joint ventures																			167,553
Net income available to common stockholders																		$	14,388
Total Assets	$	650,958		$	429,099	$	273,026		$	7,291		$	31,206		$	99,972		$	1,491,552

Company's consolidated revenues

		September 30,			September 30,			September 30,
	2011			2010			2009
Net operating income	$	86,296		$	88,063		$	83,220
Plus rental property operating expenses		55,918			53,750			57,996
Fee income		18,213			17,830			18,300
Third party management and leasing expense reimbursements		8,759			9,293			10,128
Reimbursed expenses		6,208			6,297			5,378
Residential lot, outparcel, and multi-family unit sales, net of cost of sales, including gain on sale of undepreciated investment properties		5,559			14,366			8,853
Less gain on sale of undepreciated investment properties not included in revenues		(3,258	)		(1,697	)		(1,243	)
Plus residential lot, multi-family unit and outparcel cost of sales		5,378			37,716			30,652
Net operating income from discontinued operations not included in revenues		(6,641	)		(11,291	)		(12,972	)
Other income		2,130			1,264			3,025
Other income — discontinued operations		(98	)		(35	)		(53	)
Total consolidated revenues	$	178,464		$	215,556		$	203,284