CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
Cash Flow From Operating Activities:
Net loss"	$ (25,768)	$ (39,640)
Adjustments to reconcile net loss applicable to common shares to net cash used in operating activities:
(Gain) loss on sale of land	(8,366)	6,005
(Gain) loss on sale of income producing properties	365	(3,754)
Depreciation and amortization.	17,292	21,649
Provision on impairment of notes receivable and real estate assets	6,503	0
Amortization of deferred borrowing costs	2,071	1,577
Earnings from unconsolidated subsidiaries and investees	(378)	122
(Increase) decrease in assets:
Accrued interest receivable	15	(343)
Other assets	(964)	8,561
Prepaid expense	2,312	815
Escrow	7,624	5,537
Earnest money	1,385	900
Rent receivables	3,712	(1,726)
Affiliate receivables	(24,268)	0
Increase (decrease) in liabilities:
Accrued interest payable	3,786	1,239
Affiliate payables	(47,261)	(2,055)
Other liabilities	(6,790)	(4,324)
Net cash used in operating activities	(68,730)	(5,437)
Cash Flow From Investing Activities:
Proceeds from notes receivable	12,849	1,443
Originations or advances on notes receivable	(1,425)	(22,339)
Acquisition of land held for development	30,419	(4,937)
Acquisition of income producing properties	13,588	0
Proceeds from sale of income producing properties	106,940	146,131
Proceeds from sale of land	107,365	15,674
Proceeds from sale of investment in unconsolidated real estate entities	(9)	0
Proceeds from sale of investments	592	0
Investment in unconsolidated real estate entities	(306)	395
Improvement of land held for development	(1,270)	(1,820)
Improvement of income producing properties	(2,069)	(2,017)
Sales of controlling interest	2,047	22
Construction and development of new properties	(39,927)	(23,801)
Net cash provided by investing activities	228,794	108,751
Cash Flow From Financing Activities:
Proceeds from notes payable	111,987	122,248
Recurring amortization of principal on notes payable	(11,321)	(9,484)
Payments or debt assumption on maturing notes payable	(116,913)	(115,254)
Debt assumption by buyer	(147,742)	(97,772)
Deferred financing costs	(299)	(2,876)
Distributions to non-controlling interests	7	(7)
Common stock issuance	1,530	0
Preferred stock dividends - Series C	(158)	(159)
Preferred stock dividends - Series D	(673)	(638)
Net cash used in financing activities	(163,582)	(103,942)
Net decrease in cash and cash equivalents	(3,518)	(628)
Cash and cash equivalents, beginning of period	11,259
Cash and cash equivalents, end of period	7,741	5,037
Supplemental disclosures of cash flow information:
Cash paid for interest	38,651	47,339
Cash received for income taxes, net of payments	0	(48)
Schedule of noncash investing and financing activities:
Notes receivable received from affiliate	0	21,859
Affiliate payable/receivable for ARL cost basis sales adjustment	(57,010)	0
Acquisition of land for ARL cost basis sales adjustment	30,419	0
Acquisition of income producing properties for ARL cost basis sales adjustment	$ 26,591	$ 0