Disclosure About Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value Measurements of Assets, Liabilities and Noncontrolling Interests [Table Text Block]

The following table sets forth our assets and liabilities and the Company's noncontrolling interests in the Operating Partnership that are measured at fair value within the fair value hierarchy.

			Level 1		Level 2		Level 3
	Total		Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Observable Inputs		Significant Unobservable Inputs
Fair Value at September 30, 2013:
Assets:
Mortgages and notes receivable, at fair value (1)	$	26,409	$	—	$	17,169	$	9,240
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	3,753		3,753		—		—
Tax increment financing bond (in prepaid expenses and other assets)	14,330		—		—		14,330
Total Assets	$	44,492	$	3,753	$	17,169	$	23,570
Noncontrolling Interests in the Operating Partnership	$	103,948	$	103,948	$	—	$	—
Liabilities:
Mortgages and notes payable, at fair value (1)	$	2,136,107	$	—	$	2,136,107	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	2,047		—		2,047		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	3,753		3,753		—		—
Contingent consideration to acquire real estate assets (in accounts payable, accrued expenses and other liabilities)	191		—		—		191
Financing obligations, at fair value (1)	24,211		—		—		24,211
Total Liabilities	$	2,166,309	$	3,753	$	2,138,154	$	24,402

Fair Value at December 31, 2012:
Assets:
Mortgages and notes receivable, at fair value (1)	$	24,725	$	—	$	16,077	$	8,648
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	3,354		3,354		—		—
Tax increment financing bond (in prepaid expenses and other assets)	14,496		—		—		14,496
Total Assets	$	42,575	$	3,354	$	16,077	$	23,144
Noncontrolling Interests in the Operating Partnership	$	124,869	$	124,869	$	—	$	—
Liabilities:
Mortgages and notes payable, at fair value (1)	$	1,987,364	$	—	$	1,987,364	$	—
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	9,369		—		9,369		—
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	3,354		3,354		—		—
Contingent consideration to acquire real estate assets (in accounts payable, accrued expenses and other liabilities)	563		—		—		563
Financing obligations, at fair value (1)	23,252		—		—		23,252
Total Liabilities	$	2,023,902	$	3,354	$	1,996,733	$	23,815

__________

(1)    Amounts recorded at historical cost on our Consolidated Balance Sheets at September 30, 2013 and December 31, 2012.

Fair Value Measurements, Unobservable Inputs Reconciliation [Table Text Block]

The following table sets forth the changes in our Level 3 asset and liability, which are recorded at fair value on our Consolidated Balance Sheets:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Asset:
Tax Increment Financing Bond:
Beginning balance	$	14,233		$	15,371		$	14,496		$	14,788
Principal repayment	—			—			(562		)	—
Unrealized gains/(losses) (in AOCL)	97			(101		)	396			482
Ending balance	$	14,330		$	15,270		$	14,330		$	15,270
Liability:
Contingent Consideration to Acquire Real Estate Assets:
Beginning balance	$	384		$	677		$	563		$	677
Unrealized gains (in general and administrative expenses)	(193		)	(114		)	(372		)	(114		)
Ending balance	$	191		$	563		$	191		$	563

Fair Value Measurements, Valuation Techniques [Table Text Block]

The following table sets forth quantitative information about the unobservable inputs of our Level 3 asset and liability, which are recorded at fair value on our Consolidated Balance Sheets:

	Fair Value at September 30, 2013		Valuation Technique	Unobservable Input	Rate/ Percentage
Asset:
Tax increment financing bond	$	14,330	Income approach	Discount rate	10.8%
Liability:
Contingent consideration to acquire real estate assets	$	191	Income approach	Payout percentage	25.0%