Property Acquisitions, Discontinued Operations, And Assets Held For Sale (Tables)

12 Months Ended

Dec. 31, 2012

Property Acquisitions, Discontinued Operations, And Assets Held For Sale [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed for the acquisitions of the thirteen joint ventures and seven operating properties described above as of the respective acquisition/consolidation dates (in millions):

Assets acquired:
	Buildings and improvements	$	622.9
	Land	174.6
	Cash	3.9
	Restricted cash	0.7
	Intangible and other assets	16.0
Total assets acquired		$	818.1
Liabilities assumed:
	Mortgage debt (1)	$	298.8
	Other liabilities	8.2
Total liabilities assumed		$	307.0
	Net assets acquired	$	511.1

(1) Mortgage debt assumed in the amount of $272.6 million was subsequently repaid in January 2012 at face value.

Unaudited pro forma summary for consolidated information

The information below for the year ended December 31, 2012 contains pro forma results for the respective portions of the periods prior to the respective acquisition dates and actual results from the respective dates of acquisition through the end of the periods.

	Pro Forma Year Ended December 31,
(in thousands)	2012		2011
	(unaudited)
Property revenues	$	757,155	$	696,630
Property expenses	280,232		270,639
	$	476,923	$	425,991

Summary of income from discontinued operations

The following is a summary of income from discontinued operations for the years presented below:

	Year Ended December 31,
(in thousands)	2012		2011		2010
Property revenues	$	30,608	$	44,000	$	53,106
Property expenses	14,318		21,247		25,304
	16,290		22,753		27,802
Depreciation and amortization	6,795		11,038		13,800
Income from discontinued operations	$	9,495	$	11,715	$	14,002
Gain on sale of discontinued operations, net of tax	$	115,068	$	24,621	$	9,614