CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
ASSETS
Land	$ 285,622	$ 219,981
Building and improvements	958,995	837,452
Construction in progress	7,483	4,236
Real Estate Investment Property, at Cost	1,252,100	1,061,669
Less: accumulated depreciation	180,796	156,117
Net operating real estate	1,071,304	905,552
Real estate under development	219,645	243,892
Notes receivable and preferred equity investments, net	59,989	89,202
Investments in and advances to unconsolidated affiliates	84,568	31,036
Cash and cash equivalents	89,812	120,592
Cash in escrow	20,969	28,610
Rents receivable, net	26,415	17,464
Deferred charges, net	25,854	23,714
Acquired lease intangibles, net	26,721	18,622
Prepaid expenses and other assets	26,667	19,912
Accounts receivable from related parties	1,375	2,409
Assets of discontinued operations	0	23,801
Total assets	1,653,319	1,524,806
LIABILITIES
Mortgages payable	787,910	806,212
Convertible notes payable, net of unamortized discount of $0 and $1,063, respectively	930	48,712
Distributions in excess of income from, and investments in, unconsolidated affiliates	21,710	20,884
Accounts payable and accrued expenses	39,647	27,458
Dividends and distributions payable	7,914	7,427
Acquired lease and other intangibles, net	5,462	5,737
Other liabilities	20,437	20,279
Liabilities of discontinued operations	0	575
Total liabilities	884,010	937,284
Shareholders’ equity
Common shares, $.001 par value, authorized 100,000,000 shares; issued and outstanding 42,586,376 and 40,254,525 shares, respectively	43	40
Additional paid-in capital	348,667	303,823
Accumulated other comprehensive loss	(3,913)	(2,857)
Retained earnings	39,317	17,206
Total Shareholders’ equity	384,114	318,212
Noncontrolling interests	385,195	269,310
Total equity	769,309	587,522
Total liabilities and equity	$ 1,653,319	$ 1,524,806