Investment in Unconsolidated Ventures (Tables)

3 Months Ended

Mar. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investment Summarized Financial Information [Table Text Block]

The following is a summary of the financial position of the Real Estate Ventures as of March 31, 2014 and December 31, 2013 (in thousands):

	March 31, 2014			December 31, 2013
Net property	$	988,378		$	965,475
Other assets	144,871			164,152
Other liabilities	45,126			49,442
Debt	720,609			699,860
Equity	367,514			380,325
Company’s share of equity (Company’s basis) (a)	180,237		(b)	180,512

(a) This amount includes the effect of the basis difference between the Company's historical cost basis and the basis recorded at the real estate venture level, which is typically amortized over the life of the related assets and liabilities. Basis differentials occur from the impairment of investments, purchases of third party interests in existing Real Estate Ventures and upon the transfer of assets that were previously owned by the Company into a Real Estate Venture. In addition, certain acquisition, transaction and other costs may not be reflected in the net assets at the Real Estate Venture level.

(b) Does not include the negative investment balance of one real estate venture totaling $1.2 million as of March 31, 2014, which was included in other liabilities.

Summary of results of operations of unconsolidated Real Estate Venture [Table Text Block]

The following is a summary of results of operations of the Real Estate Ventures in which the Company had interests during these periods (in thousands):

	Three month periods ended March 31,
	2014			2013
Revenue	$	34,385		$	40,889
Operating expenses	13,982			18,266
Interest expense, net	8,100			9,772
Depreciation and amortization	13,598			12,906
Net loss	(1,295		)	(55		)
Company’s share of income (Company’s basis)	242			1,535