Exhibit 12.1

Statement Regarding Computation of Ratio of Earnings to Fixed Charges¹

The following table sets forth our historical ratios of earnings to fixed charges for the periods indicated, we note: that we do not have any outstanding preferred shares and have not had any preferred shares outstanding during the periods indicated, so the following table also sets forth our historical ratios of earnings to combined fixed charges and preferred share dividends for the periods indicated:

	Three Months Ended March 31, 2014			2013			2012			2011			2010			2009
Pretax Income from continuing operations		19,283			26,522			8,693			5,338			51,380			10,100
Add
Minority interest attributable to continuing operations and fixed charges
Fixed charges (See interest expense below)		14,237			51,767			32,353			32,958			36,163			33,204
Distribution of operating income from unconsolidated investments		2,562			9,829			3,733			5,515			12,124			880
Subtract
Capitalized interest		(2,892	)		(9,193	)		(5,955	)		(4,850	)		(2,903	)		(3,516	)
Preferred distributions of consolidated subsidiaries		(6	)		(18	)		(18	)		(18	)		(18	)		(19	)
Equity in earnings of unconsolidated investments		(3,029	)		(12,382	)		(1,579	)		(1,555	)		(10,971	)		1,529
Adjusted earnings		30,155			66,525			37,227			37,388			85,775			42,178
Interest expense		10,651			39,474			22,811			23,343			26,146			24,667
Capitalized interest		2,892			9,193			5,955			4,850			2,903			3,516
Amortization of deferred financing costs		688			3,082			3,569			3,918			6,054			3,722
Amortization of discounts or premiums related to indebtedness					-			-			829			1,042			1,280
Preferred distributions of consolidated subsidiaries		6			18			18			18			18			19
Fixed Charges		14,237			51,767			32,353			32,958			36,163			33,204
Ratio of Adjusted Earnings to Fixed Charges		2.12			1.29			1.15			1.13			2.37			1.27

The ratios of earnings to fixed charges were computed by dividing earnings by fixed charges. For these purposes, earnings have been calculated by adding minority interest attributable to continuing operations, income or loss from equity investees, fixed charges and distributed income of equity investees to income from continuing operations before income taxes, less capitalized interest and preferred distributions of consolidated subsidiaries. Fixed charges consist of interest costs, whether expensed or capitalized, amortization of deferred financing costs, amortization of discounts or premiums related to indebtedness and preferred distributions of consolidated subsidiaries.

 ¹ The numbers from prior years have been amended and restated to take into account discontinued operations.