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Derivative and Other Fair Value Instruments (Tables)
12 Months Ended
Dec. 31, 2012
Derivative and Other Fair Value Instruments (Tables) [Abstract]  
Derivative Instrument Table
 
Fair Value
Hedges (1)
 
Forward
Starting
Swaps (2)
Current Notional Balance
$
300,000

 
$
200,000

Lowest Possible Notional
$
300,000

 
$
200,000

Highest Possible Notional
$
300,000

 
$
200,000

Lowest Interest Rate
2.009
%
 
3.478
%
Highest Interest Rate
2.637
%
 
4.695
%
Earliest Maturity Date
2013

 
2023

Latest Maturity Date
2013

 
2023

Schedule of Location and Amount of Financial Instruments on Balanace Sheet
 
 
 
 
 
 
Fair Value Measurements at Reporting Date Using
 
 
 
 
 
 
Quoted Prices in
 
 
 
 
 
 
 
 
 
 
Active Markets for
 
Significant Other
 
Significant
 
 
Balance Sheet
 
 
 
Identical Assets/Liabilities
 
Observable Inputs
 
Unobservable Inputs
Description
 
Location
 
12/31/2012
 
(Level 1)
 
(Level 2)
 
(Level 3)
Assets
 
 
 
 
 
 
 
 
 
 
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
   Interest Rate Contracts:
 
 
 
 
 
 
 
 
 
      Fair Value Hedges
 
Other Assets
 
$
1,524

 
$

 
$
1,524

 
$

Supplemental Executive Retirement Plan
Other Assets
 
70,655

 
70,655

 

 

Available-for-Sale Investment Securities
Other Assets
 
2,214

 
2,214

 

 

Total
 
 
 
$
74,393

 
$
72,869

 
$
1,524

 
$

 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
   Interest Rate Contracts:
 
 
 
 
 
 
 
 
 
      Forward Starting Swaps
Other Liabilities
 
$
44,050

 
$

 
$
44,050

 
$

Supplemental Executive Retirement Plan
Other Liabilities
 
70,655

 
70,655

 

 

Total
 
 
 
$
114,705

 
$
70,655

 
$
44,050

 
$

 
 
 
 
 
 
 
 
 
 
 
Redeemable Noncontrolling Interests –
 
 
 
 
 
 
 
 
 
   Operating Partnership/Redeemable
 
 
 
 
 
 
 
 
 
      Limited Partners
Mezzanine
 
$
398,372

 
$

 
$
398,372

 
$



 
 
 
 
 
 
Fair Value Measurements at Reporting Date Using
 
 
 
 
 
 
Quoted Prices in
 
 
 
 
 
 
 
 
 
 
Active Markets for
 
Significant Other
 
Significant
 
 
Balance Sheet
 
 
 
Identical Assets/Liabilities
 
Observable Inputs
 
Unobservable Inputs
Description
 
Location
 
12/31/2011
 
(Level 1)
 
(Level 2)
 
(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]
December 31, 2012
 
Location of Gain/(Loss) Recognized in Income
on Derivative
 
Amount of Gain/(Loss) Recognized in Income
on Derivative
 
 
 
Income Statement Location of Hedged
Item Gain/(Loss)
 
Amount of Gain/(Loss)Recognized in Income
on Hedged Item
Type of Fair Value Hedge
 
 
 
Hedged Item
 
 
Derivatives designated as hedging instruments:
 
 
 
 

 
 
 
 
 
 

Interest Rate Contracts:
 
 
 
 

 
 
 
 
 
 

Interest Rate Swaps
 
Interest expense
 
$
(7,448
)
 
Fixed rate debt
 
Interest expense
 
$
7,448

Total
 
 
 
$
(7,448
)
 
 
 
 
 
$
7,448


December 31, 2011
 
Location of Gain/(Loss) Recognized in Income
on Derivative
 
Amount of Gain/(Loss) Recognized in Income
on Derivative
 
 
 
Income Statement Location of Hedged
Item Gain/(Loss)
 
Amount of Gain/(Loss)Recognized in Income
on Hedged Item
Type of Fair Value Hedge
 
 
 
Hedged Item
 
 
Derivatives designated as hedging instruments:
 
 
 
 

 
 
 
 
 
 

Interest Rate Contracts:
 
 
 
 

 
 
 
 
 
 

Interest Rate Swaps
 
Interest expense
 
$
(3,549
)
 
Fixed rate debt
 
Interest expense
 
$
3,549

Total
 
 
 
$
(3,549
)
 
 
 
 
 
$
3,549


December 31, 2010
 
Location of Gain/(Loss) Recognized in Income
on Derivative
 
Amount of Gain/(Loss) Recognized in Income
on Derivative
 
 
 
Income Statement Location of Hedged
Item Gain/(Loss)
 
Amount of Gain/(Loss)Recognized in Income
on Hedged Item
Type of Fair Value Hedge
 
 
 
Hedged Item
 
 
Derivatives designated as hedging instruments:
 
 
 
 

 
 
 
 
 
 

Interest Rate Contracts:
 
 
 
 

 
 
 
 
 
 

Interest Rate Swaps
 
Interest expense
 
$
7,335

 
Fixed rate debt
 
Interest expense
 
$
(7,335
)
Total
 
 
 
$
7,335

 
 
 
 
 
$
(7,335
)
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
 
 
Effective Portion
 
Ineffective Portion
December 31, 2012
 
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
Type of Cash Flow Hedge
 
 
 
 
 
Derivatives designated as hedging instruments:
 
 

 
 
 
 

 
 
 
 

Interest Rate Contracts:
 
 

 
 
 
 

 
 
 
 

Forward Starting Swaps/Treasury Locks
 
$
(11,772
)
 
Interest expense
 
$
(14,678
)
 
N/A
 
$

Total
 
$
(11,772
)
 
 
 
$
(14,678
)
 
 
 
$


 
 
Effective Portion
 
Ineffective Portion
December 31, 2011
 
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
Type of Cash Flow Hedge
 
 
 
 
 
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
Interest Rate Contracts:
 
 
 
 
 
 
 
 
 
 
Forward Starting Swaps/Treasury Locks
 
$
(145,090
)
 
Interest expense
 
$
(4,343
)
 
Interest expense
 
$
(170
)
Development Interest Rate Swaps/Caps
 
1,322

 
Interest expense
 

 
N/A
 

Total
 
$
(143,768
)
 
 
 
$
(4,343
)
 
 
 
$
(170
)

 
 
Effective Portion
 
Ineffective Portion
December 31, 2010
 
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
Type of Cash Flow Hedge
 
 
 
 
 
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
Interest Rate Contracts:
 
 
 
 
 
 
 
 
 
 
Forward Starting Swaps/Treasury Locks
 
$
(68,149
)
 
Interest expense
 
$
(3,338
)
 
N/A
 
$

Development Interest Rate Swaps/Caps
 
2,255

 
Interest expense
 

 
N/A
 

Total
 
$
(65,894
)
 
 
 
$
(3,338
)
 
 
 
$

Available-for-sale Securities [Table Text Block]
The following tables set forth the maturity, amortized cost, gross unrealized gains and losses, book/fair value and interest and other income of the various investment securities held as of December 31, 2012 and 2011, respectively (amounts in thousands):
 
 
 
 
Other Assets
 
 
December 31, 2012
 
Maturity
 
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Book/
Fair Value
 
Interest and
Other Income
Security
 
 
 
 
 
 
Available-for-Sale Investment Securities
 
N/A
 
$
675

 
$
1,539

 
$

 
$
2,214

 
$

Total
 
 
 
$
675

 
$
1,539

 
$

 
$
2,214

 
$


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

 
$
875

 
$

 
$
1,550

 
$

Total
 
$
675

 
$
875

 
$

 
$
1,550

 
$