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Derivative and Other Fair Value Instruments (Tables)
3 Months Ended
Mar. 31, 2012
Derivative and Other Fair Value Instruments (Tables) [Abstract]  
Derivative Instrument Table
 
 
Fair Value
Hedges (1)
 
Forward
Starting
Swaps (2)
Current Notional Balance
 
$
315,693

 
$
200,000

Lowest Possible Notional
 
$
315,693

 
$
200,000

Highest Possible Notional
 
$
317,694

 
$
200,000

Lowest Interest Rate
 
2.009
%
 
3.478
%
Highest Interest Rate
 
4.800
%
 
4.695
%
Earliest Maturity Date
 
2012

 
2023

Latest Maturity Date
 
2013

 
2023

Schedule of Location and Amount of Financial Instruments on Balanace Sheet
 
 
 
 
 
 
Fair Value Measurements at Reporting Date Using
Description
 
Balance Sheet
Location
 
3/31/2012
 
Quoted Prices in
Active Markets for
Identical Assets/Liabilities
(Level 1)
 
Significant  Other
Observable Inputs
(Level 2)
 
Significant
Unobservable Inputs
(Level  3)
Assets
 
 
 
 
 
 
 
 
 
 
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
Interest Rate Contracts:
 
 
 
 
 
 
 
 
 
 
Fair Value Hedges
 
Other Assets
 
$
7,672

 
$

 
$
7,672

 
$

Supplemental Executive Retirement Plan
 
Other Assets
 
55,572

 
55,572

 

 

Available-for-Sale Investment Securities
 
Other Assets
 
1,514

 
1,514

 

 

Total
 
 
 
$
64,758

 
$
57,086

 
$
7,672

 
$

 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
Interest Rate Contracts:
 
 
 
 
 
 
 
 
 
 
Forward Starting Swaps
 
Other Liabilities
 
$
29,061

 
$

 
$
29,061

 
$

Supplemental Executive Retirement Plan
 
Other Liabilities
 
55,572

 
55,572

 

 

Total
 
 
 
$
84,633

 
$
55,572

 
$
29,061

 
$

 
 
 
 
 
 
 
 
 
 
 
Redeemable Noncontrolling Interests –
 
 
 
 
 
 
 
 
 
 
Operating Partnership/Redeemable
 
 
 
 
 
 
 
 
 
 
Limited Partners
 
Mezzanine
 
$
457,224

 
$

 
$
457,224

 
$


 
 
 
 
 
 
Fair Value Measurements at Reporting Date Using
Description
 
Balance Sheet
Location
 
12/31/2011
 
Quoted Prices in
Active Markets for
Identical Assets/Liabilities
(Level 1)
 
Significant  Other
Observable Inputs
(Level 2)
 
Significant
Unobservable Inputs
(Level  3)
Assets
 
 
 
 
 
 
 
 
 
 
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
Interest Rate Contracts:
 
 
 
 
 
 
 
 
 
 
Fair Value Hedges
 
Other Assets
 
$
8,972

 
$

 
$
8,972

 
$

Supplemental Executive Retirement Plan
 
Other Assets
 
71,426

 
71,426

 

 

Available-for-Sale Investment Securities
 
Other Assets
 
1,550

 
1,550

 

 

Total
 
 
 
$
81,948

 
$
72,976

 
$
8,972

 
$

 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
Interest Rate Contracts:
 
 
 
 
 
 
 
 
 
 
Forward Starting Swaps
 
Other Liabilities
 
$
32,278

 
$

 
$
32,278

 
$

Supplemental Executive Retirement Plan
 
Other Liabilities
 
71,426

 
71,426

 

 

Total
 
 
 
$
103,704

 
$
71,426

 
$
32,278

 
$

 
 
 
 
 
 
 
 
 
 
 
Redeemable Noncontrolling Interests –
 
 
 
 
 
 
 
 
 
 
Operating Partnership/Redeemable
 
 
 
 
 
 
 
 
 
 
Limited Partners
 
Mezzanine
 
$
416,404

 
$

 
$
416,404

 
$

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
March 31, 2012
Type of Fair Value Hedge
 
Location of
Gain/(Loss)
Recognized in
Income
on Derivative
 
Amount of
Gain/(Loss)
Recognized in
Income
on Derivative
 
Hedged Item
 
Income Statement
Location of
Hedged
Item Gain/(Loss)
 
Amount of
Gain/(Loss)
Recognized in
Income
on Hedged Item
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
Interest Rate Contracts:
 
 
 
 
 
 
 
 
 
 
Interest Rate Swaps
 
Interest expense
 
$
(1,300
)
 
Fixed rate debt
 
Interest expense
 
$
1,300

Total
 
 
 
$
(1,300
)
 
 
 
 
 
$
1,300

 
March 31, 2011
Type of Fair Value Hedge
 
Location of
Gain/(Loss)
Recognized in
Income
on Derivative
 
Amount of
Gain/(Loss)
Recognized in
Income
on Derivative
 
Hedged Item
 
Income Statement
Location of
Hedged
Item Gain/(Loss)
 
Amount of
Gain/(Loss)
Recognized in
Income
on Hedged Item
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
Interest Rate Contracts:
 
 
 
 
 
 
 
 
 
 
Interest Rate Swaps
 
Interest expense
 
$
(1,492
)
 
Fixed rate debt
 
Interest expense
 
$
1,492

Total
 
 
 
$
(1,492
)
 
 
 
 
 
$
1,492

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
 
 
Effective Portion
 
Ineffective Portion
March 31, 2012
Type of Cash Flow Hedge
 
Amount of
Gain/(Loss)
Recognized in OCI
on Derivative
 
Location of Gain/
(Loss)
Reclassified from
Accumulated
OCI
into Income
 
Amount of Gain/
(Loss)
Reclassified from
Accumulated
OCI
into Income
 
Location of
Gain/(Loss)
Recognized in
Income
 on Derivative
 
Amount of Gain/
(Loss)
Reclassified from
Accumulated
OCI
into Income
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
Interest Rate Contracts:
 
 
 
 
 
 
 
 
 
 
Forward Starting Swaps/Treasury Locks
$
3,218

 
Interest expense
 
$
(3,563
)
 
N/A
 
$

Total
 
$
3,218

 
 
 
$
(3,563
)
 
 
 
$

 
 
 
Effective Portion
 
Ineffective Portion
March 31, 2011
Type of Cash Flow Hedge
 
Amount of
Gain/(Loss)
Recognized in OCI
on Derivative
 
Location of Gain/
(Loss)
Reclassified from
Accumulated
OCI
into Income
 
Amount of Gain/
(Loss)
Reclassified from
Accumulated
OCI
into Income
 
Location of
Gain/(Loss)
Recognized in
Income
 on Derivative
 
Amount of Gain/
(Loss)
Reclassified from
Accumulated
OCI
into Income
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
Interest Rate Contracts:
 
 
 
 
 
 
 
 
 
 
Forward Starting Swaps/Treasury Locks
 
$
5,255

 
Interest expense
 
$
(956
)
 
N/A
 
$

Development Interest Rate Swaps/Caps
 
827

 
Interest expense
 

 
N/A
 

Total
 
$
6,082

 
 
 
$
(956
)
 
 
 
$

Available-for-sale Securities [Table Text Block]
 
 
 
 
Other Assets
 
 
March 31, 2012
Security
 
Maturity
 
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Book/
Fair Value
 
Interest and
Other Income
Available-for-Sale Investment Securities
 
N/A
 
$
675

 
$
839

 
$

 
$
1,514

 
$

Total
 
 
 
$
675

 
$
839

 
$

 
$
1,514

 
$


 
 
 
 
Other Assets
 
 
December 31, 2011
Security
 
Maturity
 
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Book/
Fair Value
 
Interest and
Other Income
Available-for-Sale Investment Securities
 
N/A
 
$
675

 
$
875

 
$

 
$
1,550

 
$

Total
 
 
 
$
675

 
$
875

 
$

 
$
1,550

 
$