Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The Company's benefit (provision) for income taxes for the years ended December 31, 2011, 2010 and 2009 is summarized as follows:

	2011			2010			2009
Current:
Federal	$	(440	)	$	—		$	(401	)
State and local	(1,102		)	(1,079		)	(2,098		)
NOL utilized	566			—			343
Deferred:
Federal	1,399			(418		)	(187		)
State and local	400			(53		)	(26		)
	$	823		$	(1,550	)	$	(2,369	)

Statutory Accounting Practices Disclosure [Table Text Block]

The income tax benefit (provision) differs from the amount computed by applying the statutory federal income tax rate to pre-tax operating income as follows:

	2011			2010			2009
Federal provision at statutory tax rate (34%)	$	(580	)	$	(388	)	$	(376	)
State and local taxes, net of federal benefit	(100		)	(31		)	(33		)
Other	1,503			(1,131		)	(1,960		)
	$	823		$	(1,550	)	$	(2,369	)

Summary of Average Taxable Nature of Dividends [Table Text Block]

A summary of the average taxable nature of the Company's common dividends for each of the years in the three-year period ended December 31, 2011, is as follows:

	2011			2010			2009
Total dividends per share	$	0.46		$	0.40		$	0.72
Ordinary income	47.33		%	99.11		%	53.80		%
15% rate - qualifying dividend	1.11		%	0.89		%	0.61		%
15% rate gain	—			—			—
25% rate gain	—			—			—
Return of capital	51.56		%	—			45.59		%
	100.00		%	100.00		%	100.00		%

A summary of the average taxable nature of the Company's dividend on shares of its Series B Preferred for each of the years in the three-year period ended December 31, 2011, is as follows:

	2011			2010			2009
Total dividends per share	$	2.0125		$	2.0125		$	2.0125
Ordinary income	97.70		%	99.11		%	98.87		%
15% rate - qualifying dividend	2.30		%	0.89		%	1.13		%
15% rate gain	—			—			—
25% rate gain	—			—			—
	100.00		%	100.00		%	100.00		%

A summary of the average taxable nature of the Company's dividend on shares of its Series C Preferred for each of the years in the three-year period ended December 31, 2011, is as follows:

	2011			2010			2009
Total dividends per share	$	3.25		$	3.25		$	3.25
Ordinary income	97.70		%	99.11		%	98.87		%
15% rate - qualifying dividend	2.30		%	0.89		%	1.13		%
15% rate gain	—			—			—
25% rate gain	—			—			—
Return of capital	—			—			—
	100.00		%	100.00		%	100.00		%

A summary of the average taxable nature of the Company's dividend on shares of its Series D Cumulative Redeemable Preferred Stock for the years in the three-year period ended December 31, 2011, is as follows:

	2011			2010		2009
Total dividends per share	$	1.76498		$2.01002(1)		$	1.8875
Ordinary income	97.70		%	99.11	%	98.87		%
15% rate - qualifying dividend	2.30		%	0.89	%	1.13		%
15% rate gain	—			—		—
25% rate gain	—			—		—
	100.00		%	100.00	%	100.00		%

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(1)Of the total dividend paid in January 2011, $0.12252 is allocated to 2010 and $0.349355 is allocated to 2011.