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EQUITY AND NONCONTROLLING INTERESTS (Tables)
12 Months Ended
Dec. 31, 2012
Cumulative Redeemable Preferred Stock

At December 31, 2012, the Company had one outstanding series of cumulative redeemable preferred stock with the following characteristics:

Description    

    Outstanding  
Shares
       Liquidation  
Preference
     Optional
  Redemption  

Date (1)
       Redemption  
Price (1)
     Stated
  Dividend  
Yield
      Approximate  
Dividend

Rate
 
           (per share)             (per share)            (per share)  

Series A

    868       $ 50.00         10/01/26       $ 50.00         8-1/2   $ 4.25   

(1)     The redemption price is the price at which the preferred stock is redeemable, at the Company’s option, for cash.

Schedule of Redeemable Common Units

A roll-forward of activity relating to the Company’s redeemable common units for 2012, 2011 and 2010 is as follows:

     Year ended December 31,  
             2012                     2011                     2010          

Redeemable common units, beginning of period

   $ 6,840      $ 6,192      $ 3,402   

Comprehensive income (loss)

     194        54        (51

Conversion of redeemable common units for shares

     (591     (547     (74

Adjustment for ownership interest of redeemable common units

     416        466        7   

Stock-based compensation

     7        7        11   

Distributions to common unitholders

     (141     (136     (137

Adjustment to redemption value of redeemable common units

     434        804        3,034   
  

 

 

   

 

 

   

 

 

 

Redeemable common units, end of period

   $ 7,159      $ 6,840      $ 6,192