Investments In Unconsolidated Real Estate Entities (Tables)

3 Months Ended

Mar. 31, 2012

Investments In Unconsolidated Real Estate Entities [Abstract]

Summary Of Financial Information For Apartment LLCs

Apartment LLCs - Balance Sheet Data	March 31,           2012				December 31,           2011
Real estate assets, net of accumulated depreciation of $33,887 and $32,780 at March 31, 2012 and December 31, 2011, respectively		$	216,526			$	217,443
Assets held for sale, net			-				28,846
Cash and other			6,479				6,526
Total assets		$	223,005			$	252,815
Mortgage notes payable		$	177,723			$	206,495
Other liabilities			2,919				2,737
Total liabilities			180,642				209,232
Members' equity			42,363				43,583
Total liabilities and members' equity		$	223,005			$	252,815
Company's equity investment in Apartment LLCs (1)		$	(10,386	)		$	(8,601	)

(1)        At March 31, 2012 and December 31, 2011, the Company's equity investment includes its credit investments of $16,053 and $15,945, respectively, discussed above.

Schedule Of Operation For Apartment LLCs

	Three months ended March 31,
Apartment LLCs - Income Statement Data	2012			2011
Revenues
Rental	$	6,042		$	5,769
Other property revenues		436			425
Total revenues		6,478			6,194
Expenses
Property operating and maintenance		2,527			2,463
Depreciation and amortization		1,606			1,473
Interest		2,367			2,526
Total expenses		6,500			6,462
Net loss from continuing operations		(22	)		(268	)
Gain (loss) from discontinued operations		21,607			(57	)
Net income (loss)	$	21,585		$	(325	)
Company's share of net income in Apartment LLCs	$	6,446		$	209