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Fair Value of Financial Instruments (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Company's estimates of fair value differ from the carrying amounts    
Mortgage payable, net of premiums, Carrying Amount $ 512,391 $ 712,246
Mortgage payable, net of premiums, Fair Value 545,784 726,348
Unsecured notes payable, net of discounts, Carrying Amount 1,496,501 1,277,716
Unsecured notes payable, net of discounts, Fair Value 1,555,633 1,338,743
Variable rate debt instruments, Carrying Amount 391,610 444,610
Variable rate debt instruments, Fair Value 380,786 432,556
Notes receivable, Carrying Amount 31,157 [1] 31,216 [1]
Notes receivable, Fair Value $ 32,756 $ 28,921
[1] For purposes of this disclosure, one of the notes is presented gross of the deferred gain of $12.9 million arising from the sale of the two Trenton properties in 2009 accounted for under the accounting standard for installment sales.