Investments In Marketable Securities

6 Months Ended

Jun. 30, 2012

Marketable Securities [Abstract]

Investments In Marketable Securities

INVESTMENTS IN MARKETABLE SECURITIES

Our investments in marketable securities include available-for-sale securities and are reported at fair value.  Unrealized gains and losses on available-for-sale securities are presented as a component of other comprehensive income.  Realized gains and losses from securities sales are determined based upon specific identification of the securities.

Marketable securities consist of the following (in thousands):

	June 30, 2012				December 31, 2011
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Common and preferred stock of other REITs	$	4,088	$	13,142	$	4,183	$	11,364

Gross unrealized gains related to available-for-sale securities were $9,054,000 at June 30, 2012 and $7,181,000 at December 31, 2011.

During the six months ended June 30, 2012 and 2011, we recognized $309,000 and $519,000, respectively, of dividend income from our marketable securities and have included these amounts in investment income and other in the Condensed Consolidated Statements of Comprehensive Income.