Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED
CHARGES AND PREFERRED STOCK DIVIDENDS

	Year ended December 31,
	2008			2007			2006			2005			2004
Income Before Minority Interests	$	27,432		$	45,985		$	41,848		$	21,853		$	17,828
Add:
Distributed Income of Equity Investees		6,389			5,934			2,872			1,964			468
Fixed Charges and Preferred Dividends Excluding
Capitalized Interest		36,811			46,054			52,338			49,342			39,535
Amortization of Capitalized Interest		162			139			130			123			136
Deduct:
Gain on Sale of Real Estate		(19,132	)		(32,643	)		(23,388	)		(1,136	)		(2,408	)
Preferred Dividends		—			(3,146	)		(6,655	)		(6,655	)		(4,814	)
Equity in Earnings of Equity Investees		(2,506	)		(2,496	)		(3,002	)		(2,400	)		(180	)
	$	49,156		$	59,827		$	64,143		$	63,091		$	50,565
Fixed Charges:
Interest Expense including Amortization of Debt Costs	$	36,518		$	42,609		$	45,409		$	42,421		$	34,525
Capitalized Interest		1,577			2,881			1,431			741			692
Interest Factor in Rental Expense		293			299			274			266			196
Total Fixed Charges	$	38,388		$	45,789		$	47,114		$	43,428		$	35,413
Preferred Stock Dividends		—			3,146			6,655			6,655			4,814
Total Fixed Charges and Preferred Dividends	$	38,388		$	48,935		$	53,769		$	50,083		$	40,227
Ratio of Earnings to Combined Fixed Charges		1.28			1.31			1.36			1.45			1.43
Ratio of Earnings to Combined Fixed Charges and Preferred Dividends		1.28			1.22			1.19			1.26			1.26