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Investment in Unconsolidated Ventures (Tables)
9 Months Ended
Sep. 30, 2012
Equity Method Investments and Joint Ventures [Abstract]  
Financial position of unconsolidated Real Estate Ventures
 
September 30,
2012
 
December 31,
2011

Net property
$
925,227

 
$
846,643

Other assets
180,957

 
110,520

Other liabilities
55,592

 
48,798

Debt
740,885

 
745,830

Equity
309,707

 
162,535

Company’s share of equity (Company’s basis)
179,037

 
115,807

Summary of results of operations of unconsolidated Real Estate Ventures
 
Three-month periods
ended September 30,
 
Nine-month periods
ended September 30,
 
2012
 
2011
 
2012
 
2011
Revenue
$
42,772

 
$
36,345

 
$
120,644

 
$
108,743

Operating expenses
18,753

 
15,863

 
51,819

 
46,407

Interest expense, net
10,233

 
10,326

 
31,100

 
31,999

Depreciation and amortization
12,947

 
9,869

 
36,067

 
28,836

Net income (loss)
839

 
287

 
1,658

 
1,501

Company’s share of income (Company’s basis)
500

 
418

 
1,382

 
2,739