Segment Information (Tables)

3 Months Ended

Mar. 31, 2012

Reconciliation Of Revenues And Operating Profit Loss From Segments To Consolidated [Text Block]

The revenues, net operating income, and assets for each of the reportable operating segments are summarized as follows for the three months ended March 31, 2012 and 2011 (dollars in thousands):

	Three Months Ended
	March 31,
	2012			2011
Revenues:
Southern California	$	58,560		$	53,863
Northern California		41,622			35,317
Seattle Metro		22,309			19,756
Other real estate assets		2,983			2,272
Total property revenues	$	125,474		$	111,208

Net operating income:
Southern California	$	39,830		$	35,384
Northern California		28,942			23,339
Seattle Metro		14,831			12,557
Other real estate assets		1,707			1,504
Total net operating income		85,310			72,784

Depreciation		(40,734	)		(36,658	)
Interest expense before amortization		(24,658	)		(21,811	)
Amortization expense		(2,871	)		(2,851	)
Management and other fees from affiliates		2,444			1,224
General and administrative		(5,400	)		(5,274	)
Cost of management and other fees		(1,640	)		(925	)
Interest and other income		2,413			6,987
Equity income (loss) from co-investments		2,340			(1,373	)
Income from continuing operations	$	17,204		$	12,103

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

Total assets for each of the reportable operating segments are summarized as follows as of March 31, 2012 and December 31, 2011:

	March 31,		December 31,
	2012		2011
Assets:
Southern California	$	1,450,624	$	1,478,018
Northern California		1,255,836		1,241,320
Seattle Metro		592,320		579,612
Other real estate assets		90,233		94,088
Net reportable operating segment - real estate assets		3,389,013		3,393,038
Real estate under development		45,632		44,280
Cash and cash equivalents		37,347		35,463
Marketable securities		80,000		74,275
Funds held by 1031 exchange facilitator		10,984		-
Co-investments		401,531		383,412
Notes and other receivables		48,053		66,369
Other non-segment assets		38,818		40,127
Total assets	$	4,051,378	$	4,036,964