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Note 12 - Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2011
Estimate of Fair Value Differs From Carrying Amouns

 

 

June 30, 2011

 

December 31, 2010

 

 

Carrying

Amounts

 

Estimated

Fair Value

 

Carrying

Amounts

 

Estimated

Fair Value

Marketable Securities

$

44,898

$

45,704

$

223,991

$

224,451

 

 

 

 

 

 

 

 

 

Notes Payable

$

2,899,069

$

3,113,509

$

2,982,421

$

3,162,183

 

 

 

 

 

 

 

 

 

Mortgages Payable

$

1,041,082

$

1,125,140

$

1,046,313

$

1,120,797

 

 

 

 

 

 

 

 

 

Construction Loans Payable

$

40,218

$

43,756

$

30,253

$

32,192

Mandatorily Redeemable Noncontrolling Interests

(termination dates ranging from 2019 – 2027)

$

2,581

$

5,044

$

2,697

$

5,462

Assets And Liabilities Measured At Fair Value

 

 

Balance at

June 30, 2011

 

Level 1

 

Level 2

 

Level 3

Assets:

 

 

 

 

 

 

 

 

Marketable equity securities

$

35,616

$

35,616

$

-

$

-

Liabilities:

 

 

 

 

 

 

 

 

Interest rate swaps

$

411

$

-

$

411

$

-

 

 

Balance at

December 31, 2010

 

Level 1

 

Level 2

 

Level 3

Assets:

 

 

 

 

 

 

 

 

Marketable equity securities

$

31,016

$

31,016

$

-

$

-

Convertible notes

$

172,075

$

-

$

172,075

$

-

Conversion option

$

10,205

$

-

$

10,205

$

-

Liabilities:

 

 

 

 

 

 

 

 

Interest rate swaps

$

506

$

-

$

506

$

-

 

 

Balance at

June 30, 2011

 

Level 1

 

Level 2

 

Level 3

Assets:

 

 

 

 

 

 

 

 

Real estate

$

2,514

$

-

$

 -

$

2,514

 

 

Balance at

December 31, 2010

 

Level 1

 

Level 2

 

Level 3

Assets:

 

 

 

 

 

 

 

 

Real Estate

$

16,414

$

-

$

-

$

16,414

Real estate under development/redevelopment

$

22,626

$

-

$

-

$

22,626

Other real estate investments

$

3,921

$

-

$

-

$

3,921

Mortgage and other financing receivables

$

1,405

$

-

$

-

$

1,405