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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (123,467) $ (12,033) $ 29,547
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Impairment losses 107,763 2,554 40,512
Gain on sale of investment properties, including discontinued operations (12,013) (9,164) (168,784)
Losses on abandoned predevelopment projects 937 829 7,723
Loss (gain) on extinguishment of debt 74 592 (12,498)
Impairment loss on investment in unconsolidated joint ventures 608   51,058
Depreciation and amortization, including discontinued operations 54,061 59,956 55,833
Amortization of deferred financing costs 1,637 2,074 1,473
Stock-based compensation 2,113 2,348 3,743
Effect of certain non-cash adjustments to rental revenues (6,719) (5,142) (4,970)
(Income) loss from unconsolidated joint ventures 17,691 (9,493) 17,639
Operating distributions from unconsolidated joint ventures 8,865 11,394 7,237
Residential lot, outparcel and multi-family cost of sales, net of closing costs paid 5,187 35,743 27,415
Residential lot, outparcel and multi-family acquisition and development expenditures (999) (3,272) (7,283)
Change in deferred income taxes, net of valuation allowance     8,897
Income tax deficiency from stock-based compensation     43
Changes in other operating assets and liabilities:      
Change in other receivables and other assets, net 2,099 3,870 (3,537)
Change in accounts payable and accrued liabilities (2,256) (560) (10,884)
Net cash provided by operating activities 55,581 79,696 43,164
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from investment property sales 143,623 101,706 11,727
Property acquisition and development and tenant asset expenditures (181,909) (33,761) (53,874)
Investment in unconsolidated joint ventures (23,341) (26,229) (5,234)
Distributions from unconsolidated joint ventures 8,428 16,024 4,830
Collection of notes receivable, net of investment 747 134 (34)
Change in other assets (3,002) (1,363) (2,812)
Change in restricted cash 10,592 (12,409) 51
Payment of debt guarantee for unconsolidated joint venture   (17,250)  
Net cash provided by (used in) investing activities (44,862) 26,852 (45,346)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from credit facility 256,275 100,300 165,000
Repayment of credit and term facilities (163,425) (134,900) (436,000)
Proceeds from other notes payable   27,034  
Repayment of notes payable (59,543) (73,133) (75,819)
Payment of loan issuance costs (442) (1,996)  
Common stock issued, net of expenses 18 (95) 318,406
Income tax deficiency from stock-based compensation     (43)
Cash common dividends paid (18,649) (12,176) (22,710)
Cash preferred dividends paid (12,907) (12,907) (12,907)
Contributions from noncontrolling interests 1,300 2,237 32
Distributions to noncontrolling interests (16,087) (2,777) (7,276)
Net cash used in financing activities (13,460) (108,413) (71,317)
NET DECREASE IN CASH AND CASH EQUIVALENTS (2,741) (1,865) (73,499)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 7,599 9,464 82,963
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 4,858 $ 7,599 $ 9,464