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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2012
Segment Reporting [Abstract]  
Segment information
 
Pennsylvania
Suburbs
 
Philadelphia
CBD
 
Metropolitan, D.C.
 
New Jersey/Delaware
 
Richmond,
Virginia
 
Austin, Texas
 
California
 
Corporate
 
Total
As of September 30, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate investments, at cost:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating properties
$
1,174,597

 
$
962,235

 
$
1,189,014

 
$
545,104

 
$
308,371

 
$
259,304

 
$
221,664

 
$
—

 
$
4,660,289

Construction-in-progress
 
 
 
 
 
 
 
 
 
 
 
 
 
 
43,449

 
43,449

Land inventory
 
 
 
 
 
 
 
 
 
 
 
 
 
 
95,500

 
95,500

As of December 31, 2011:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate investments, at cost:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating properties
$
1,218,071

 
$
953,870

 
$
1,255,803

 
$
545,657

 
$
307,698

 
$
257,694

 
$
254,287

 
$
—

 
$
4,793,080

Construction-in-progress
 
 
 
 
 
 
 
 
 
 
 
 
 
 
25,083

 
25,083

Land inventory
 
 
 
 
 
 
 
 
 
 
 
 
 
 
109,008

 
109,008

For the three-months ended September 30, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenue
$
38,526

 
$
33,025

 
$
26,516

 
$
20,553

 
$
8,826

 
$
8,275

 
$
5,141

 
$
(479
)
 
$
140,383

Property operating expenses, real estate taxes and third party management expenses
13,588

 
12,431

 
10,637

 
10,030

 
3,762

 
3,484

 
2,639

 
(504
)
 
56,067

Net operating income
$
24,938

 
$
20,594

 
$
15,879

 
$
10,523

 
$
5,064

 
$
4,791

 
$
2,502

 
$
25

 
$
84,316

For the three-months ended September 30, 2011:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenue
$
36,812

 
$
31,097

 
$
29,296

 
$
20,743

 
$
9,334

 
$
7,453

 
$
4,968

 
$
(302
)
 
$
139,401

Property operating expenses, real estate taxes and third party management expenses
13,493

 
11,539

 
10,868

 
10,008

 
3,664

 
3,233

 
3,009

 
(443
)
 
55,371

Net operating income
$
23,319

 
$
19,558

 
$
18,428

 
$
10,735

 
$
5,670

 
$
4,220

 
$
1,959

 
$
141

 
$
84,030

For the nine-months ended September 30, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenue
$
113,565

 
$
98,086

 
$
79,919

 
$
61,442

 
$
26,762

 
$
23,959

 
$
14,942

 
$
(1,305
)
 
$
417,370

Property operating expenses, real estate taxes and third party management expenses
39,643

 
37,082

 
31,158

 
28,697

 
10,875

 
10,497

 
7,498

 
(1,278
)
 
164,172

Net operating income
$
73,922

 
$
61,004

 
$
48,761

 
$
32,745

 
$
15,887

 
$
13,462

 
$
7,444

 
$
(27
)
 
$
253,198

For the nine-months ended September 30, 2011:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenue
$
111,949

 
$
93,520

 
$
89,936

 
$
60,554

 
$
27,409

 
$
23,203

 
$
14,551

 
$
(855
)
 
$
420,267

Property operating expenses, real estate taxes and third party management expenses
42,112

 
34,962

 
34,002

 
30,611

 
10,666

 
9,740

 
8,015

 
(991
)
 
169,117

Net operating income
$
69,837

 
$
58,558

 
$
55,934

 
$
29,943

 
$
16,743

 
$
13,463

 
$
6,536

 
$
136

 
$
251,150
Reconciliation of consolidated net operating income
 
Three-month periods
ended September 30,
 
Nine-month periods
ended September 30,
 
2012
 
2011
 
2012
 
2011
 
(amounts in thousands)
 
(amounts in thousands)
Consolidated net operating income
$
84,316

 
$
84,030

 
$
253,198

 
$
251,150

Less:
 
 
 
 
 
 
 
Interest expense
(32,620
)
 
(32,346
)
 
(99,745
)
 
(99,477
)
Deferred financing costs
(1,218
)
 
(1,846
)
 
(3,790
)
 
(3,844
)
Depreciation and amortization
(48,738
)
 
(51,943
)
 
(147,618
)
 
(157,157
)
Administrative expenses
(6,080
)
 
(6,177
)
 
(18,209
)
 
(18,311
)
Plus:
 
 
 
 
 
 
 
Interest income
311

 
523

 
2,635

 
1,385

Historic tax credit transaction income
11,840

 
12,026

 
11,840

 
12,026

Interest expense - financing obligation
(230
)
 
—

 
(608
)
 
—

Equity in income of real estate ventures
500

 
418

 
1,382

 
2,739

Net gain on sales of interests in real estate
—

 
—

 
—

 
2,791

Loss on real estate venture formation
(950
)
 
—

 
(950
)
 
—

Gain (loss) on early extinguishment of debt
(51
)
 
176

 
(1,549
)
 
(580
)
Income (loss) from continuing operations
7,080

 
4,861

 
(3,414
)
 
(9,278
)
Income from discontinued operations
10,009

 
1,750

 
36,641

 
9,165

Net income (loss)
$
17,089

 
$
6,611

 
$
33,227

 
$
(113
)