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Related Parties
6 Months Ended
Jun. 30, 2011
Related Parties  
Related Parties

Note 12.    Related Parties

Through our management activities and transactions with our real estate joint ventures and partnerships, we had accounts receivable of $4.6 million and $2.7 million outstanding as of June 30, 2011 and December 31, 2010, respectively. We also had accounts payable and accrued expenses of $7.8 million and $9.6 million outstanding as of June 30, 2011 and December 31, 2010, respectively. For the three months ended June 30, 2011 and 2010, we recorded joint venture fee income of $1.5 million and $1.4 million, respectively. For the six months ended June 30, 2011 and 2010, we recorded joint venture fee income of $3.1 million and $2.9 million, respectively.

As of March 31, 2010, we contributed the final two properties to an unconsolidated joint venture for $47.3 million, which included loan assumptions of $28.1 million and the receipt of net proceeds totaling $14.0 million.

Subsequent to June 30, 2011, we entered into a purchase agreement to sell our 47.8% unconsolidated joint venture interest in a Colorado development project to our partner with gross sales proceeds totaling $.5 million.