EXHIBIT 99.3

Capital Availability

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

as of July 31, 2009

($ thousands)

	2009			2010			2011
Capital Sources:
Line commitments combined	$	713,833		$	—		$	—
Outstanding line balance—7/31/09	$	—		$	—		$	—
Line maturity—2/11/11		—			—			(113,833	)
Cash + Line Availability	$	713,833		$	915,045		$	538,260
Cash balance	$	231,135		$	—		$	—
Dividend reduction		42,140			55,444			55,444
Funding Availability before Capital Requirements	$	987,108		$	970,489		$	593,704
Capital Requirements:
Financing requirements—maturing consolidated debt	$	(5,049	)	$	(177,043	)	$	(478,943	)
Assumed equity requirement to refinance maturing JV mortgage debt		894			(90,848	)		(34,330	)
Net costs to complete in-process developments		(67,908	)		(39,005	)		(13,156	)
$294 MM derivative settlement at 7/31/09 valuation		—			(11,500	)		(20,600	)
Total Capital Requirements	$	(72,063	)	$	(318,395	)	$	(547,029	)
Total Capital Availability	$	915,045		$	652,093		$	46,675

Capital from a combination of the recent equity offering, dividend reduction and committed mortgage financing can fund all commitments through 2011