Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2011

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table details the components of accumulated other comprehensive income (loss) of the Parent Company and the Operating Partnership as of and for the three years ended December 31, 2011 (in thousands):

Parent Company	Unrealized Gains (Losses) on Securities			Cash Flow Hedges			Accumulated Other Comprehensive Loss
Balance at January 1, 2009	$	(9	)	$	(16,996	)	$	(17,005	)
Change during year	—			7,395			7,395
Non-controlling interest — consolidated real estate venture partner’s share of unrealized (gains)/losses on derivative financial instruments	—			290			290
Ineffectiveness of forward starting swaps	—			(125		)	(125		)
Other	—			491			491
Reclassification adjustments for (gains) losses reclassified into operations	—			(184		)	(184		)
Balance at December 31, 2009	$	(9	)	$	(9,129	)	$	(9,138	)
Change during year	—			7,320			7,320
Non-controlling interest — consolidated real estate venture partner’s share of unrealized (gains)/losses on derivative financial instruments	—			(155		)	(155		)
Reclassification adjustments for (gains) losses reclassified into operations	—			28			28
Balance at December 31, 2010	$	(9	)	$	(1,936	)	$	(1,945	)
Change during year	—			(4,499		)	(4,499		)
Non-controlling interest — consolidated real estate venture partner’s share of unrealized (gains)/losses on derivative financial instruments	—			212			212
Reclassification adjustments for (gains) losses reclassified into operations	—			153			153
Balance at December 31, 2011	$	(9	)	$	(6,070	)	$	(6,079	)

Operating Partnership	Unrealized Gains (Losses) on Securities			Cash Flow Hedges			Accumulated Other Comprehensive Loss
Balance at January 1, 2009	$	(9	)	$	(16,996	)	$	(17,005	)
Change during year	—			7,395			7,395
Ineffectiveness of forward starting swaps	—			(125		)	(125		)
Other	—			491			491
Reclassification adjustments for (gains) losses reclassified into operations	—			(184		)	(184		)
Balance at December 31, 2009	$	(9	)	$	(9,419	)	$	(9,428	)
Change during year	—			7,320			7,320
Reclassification adjustments for (gains) losses reclassified into operations	—			28			28
Balance at December 31, 2010	$	(9	)	$	(2,071	)	$	(2,080	)
Change during year				(4,499		)	(4,499		)
Reclassification adjustments for (gains) losses reclassified into operations	—			153			153
Balance at December 31, 2011	$	(9	)	$	(6,417	)	$	(6,426	)

Over time, the unrealized gains and losses held in Accumulated Other Comprehensive Income (“AOCI”) will be reclassified to earnings when the related hedged items are recognized in earnings. The current balance held in AOCI is expected to be reclassified to earnings for realized losses on forecasted debt transactions over the related term of the debt obligation, as applicable.