Exhibit 99.3

Capital Availability

Assumes no property sales, no additional cash flow, no additional consolidated refinancings

as of April 24, 2009 (post-equity offering)

($ thousands)
	2009			2010			2011
Capital Sources:
Line commitments combined	$	713,833		$	—		$	—
Outstanding line balance – 4/24/09	$	—		$	—		$	—
Line maturity – 2/11/11		—			—			(113,833	)
Cash + Line Availability	$	713,833		$	876,492		$	516,760
Cash from equity offering after line payoff	$	130,000		$	—		$	—
Dividend reduction		42,000			55,000			55,000
Committed financing		106,000			—			—
Funding Availability before Capital Requirements	$	991,833		$	931,492		$	571,760
Capital Requirements:
Financing requirements – maturing consolidated debt	$	(5,130	)	$	(177,043	)	$	(478,943	)
Assumed equity requirement to refinance maturing JV mortgage debt		(5,587	)		(47,212	)		(41,958	)
Net costs to complete in-process developments		(104,624	)		(43,519	)		2,670
$294 MM derivative settlement at 4/24/09 valuation		—			(33,125	)		—
Total Capital Requirements	$	(115,341	)	$	(300,899	)	$	(518,231	)
Total Capital Availability	$	876,492		$	630,593		$	53,529

Capital from a combination of the recent equity offering, dividend reduction and committed mortgage

financing can fund all commitments through 2011