Interest Capitalized

3 Months Ended

Mar. 31, 2012

Interest Capitalized

Interest Capitalized

2.  Interest Capitalized

The Company capitalizes interest during the development and redevelopment of real estate assets. Capitalized interest associated with the Company’s development or redevelopment activities totaled $12,320,000 and $6,343,000 for the three months ended March 31, 2012 and 2011, respectively.